KTR Keystone Prop Tr

Keystone Property Trust Announces Stockholders Approve Merger WEST CONSHOHOCKEN, Pa., July 30 /PRNewswire-FirstCall/ -- Keystone Property Trust (NYSE:KTR) today announced that, based on a preliminary vote count, Keystone Property Trust's common stockholders voted to approve Keystone Property Trust's merger agreement with ProLogis (NYSE:PLD) and affiliates of investment funds managed by Eaton Vance Management and certain other entities. Completion of the proposed merger is subject to the satisfaction or waiver of certain additional conditions set forth in the definitive merger agreement. The parties expect to complete the merger as promptly as practicable after the satisfaction or waiver of those conditions. In connection with the proposed transaction, Keystone Property Trust filed a definitive proxy statement with the SEC. Investors can obtain the definitive proxy statement, and other relevant documents, including the merger agreement relating to the proposed transaction, without charge at the SEC's Internet website at http://www.sec.gov/. Keystone Property Trust, with headquarters in West Conshohocken, Pennsylvania, is a fully integrated real estate investment trust with a current portfolio of 143 properties, including properties under development, aggregating over 34 million square feet in the Eastern United States. For more information, contact Jennifer Pancoast at (484) 530-1800, send an email to or visit the Company website at http://www.keystoneproperty.com/. This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its trustees, or its officers with respect to the future operating performance of the Company and the result and the effect of legal proceedings. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission, including the Company's Form 10-K and quarterly reports on Form 10-Q. DATASOURCE: Keystone Property Trust CONTACT: Jennifer Pancoast, Keystone Property Trust, +1-484-530-1800, Web site: http://www.keystoneproperty.com/

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