NEW YORK, Oct. 22, 2015 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of Michael Hyun as Chief Investment Officer and as a member of the Company's Management Committee, effective December 14, 2015. His primary responsibilities will be the strategic and day-to-day oversight of business development, portfolio management and capital recycling for Brixmor. The appointment augments the Company's capabilities in sourcing and evaluating business development and strategic opportunities through Mr. Hyun's extensive experience and real estate relationships developed over the past decade.
Mr. Hyun has substantial real estate investment and advisory experience, as well as broad industry relationships, including most recently as an Executive Director at Morgan Stanley in its Real Estate Investing group and at Greenstreet Capital Partners. Over the past ten years at Morgan Stanley, he has been involved in more than $4 billion of transactions, both as a principal investor and investment banker. As an investor, he has evaluated and executed on a wide range of transaction types including equity and debt investments in individual assets, portfolios and public REITs. As a banker, his transaction experience includes M&A, asset sales, strategic advisory and issuance of debt, common and preferred equity.
"Michael's capital markets and finance capabilities, coupled with his broad understanding of real estate dynamics, make him well-suited to oversee our portfolio management and acquisition teams. His proven transaction and diversified investment experience enhances our ability to source and evaluate strategic opportunities. Michael joins a high-caliber management bench at Brixmor and we look forward to his additional insight," said Michael Carroll, Chief Executive Officer of Brixmor.
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About Brixmor Property Group
Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 519 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its ongoing "Raising the Bar" program which involves strategic leasing and anchor space repositioning / redevelopment initiatives. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company.
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
SOURCE Brixmor Property Group Inc.