Urstadt Biddle Properties Inc. Announces the Appointment of Willis H. Stephens, Jr. to the Board of Directors
September 04 2019 - 4:20PM
Business Wire
Urstadt Biddle Properties Inc. (NYSE: UBA and UBP)
announced that on September 4, 2019, the Board of Directors of the
Company appointed Willis H. Stephens, Jr. to fill a vacancy on the
Board of Directors.
Mr. Stephens is an attorney who has been in private practice for
forty years with a concentration in real estate transactions, land
use development and litigation. He has served as the Town Attorney
for the Town of Southeast, New York, since 2007, advising the town
on, among other things, municipal, zoning, planning, labor and
employment, land use, litigation and transactional matters. He also
serves as General Counsel for the United Cerebral Palsy Association
of Putnam and Southern Dutchess Counties, Inc., a provider of
residential and rehabilitative services for people with
developmental disabilities. Mr. Stephens served as a member of the
New York State Assembly from January 1995 to December 2006. He
currently serves on several philanthropic and non-profit boards,
including as a charter member of the Executive Committee of the
Southeast Rotary Club, a chapter of Rotary International. He was
previously a Board Member of Citizens Environmental Research
Institute and an Advisory Board Member for Trinity-Pawling School,
a private preparatory school.
Willing L. Biddle, President and CEO, commented “We are very
pleased that Will Stephens has joined our Board of Directors. His
experience in land use zoning and approvals, as well as his
familiarity with the markets in which we operate will surely add
value as we adapt and potentially densify our properties in light
of the changing retail environment.”
Urstadt Biddle Properties Inc. is a self-administered equity
real estate investment trust which owns or has equity interests in
83 properties containing approximately 5.3 million square feet of
space. Listed on the New York Stock Exchange since 1970, it
provides investors with a means of participating in ownership of
income-producing properties. It has paid 198 consecutive quarters
of uninterrupted dividends to its shareholders since its inception
and has raised total dividends to its shareholders for the last 25
consecutive years.
Certain statements contained herein may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among other
things, risks associated with the timing of and costs associated
with property improvements, financing commitments and general
competitive factors.
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John T. Hayes, CFO Or Willing L. Biddle, CEO Urstadt Biddle
Properties Inc. 203 863-8200
Urstadt Biddle Properties (NYSE:UBA)
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