SAN FRANCISCO, Sept. 16 /PRNewswire-FirstCall/ -- BRE Properties, Inc. (NYSE: BRE) today announced the appointment of Stephanie T. Andre as vice president, treasurer, effective immediately. Andre joins BRE from Bank of America Merrill Lynch, where she served as a principal in the firm's real estate investment banking group.
As treasurer, Andre will be responsible for maintaining optimal liquidity, compliance, budget and long-range forecasting; developing capital strategies to manage cost of capital and financial risk; managing external credit and capital relationships, including banking relations, institutional investors, market research analysts, and rating agencies; and directing treasury operational strategies.
"We are pleased to welcome Stephanie to BRE," said BRE President and Chief Executive Officer Constance B. Moore. "This is a new officer role at BRE, one we created in recognition of the increasing significance of the treasury function, particularly in capital financing and financial risk management. Stephanie's experience in real estate investment banking allows her to step into this role and have an immediate impact."
Andre spent the last eight years at Bank of America Merrill Lynch, where she served as vice president, real estate investment banking, and principal, real estate investment banking. In these positions, she completed more than $5 billion in merger and acquisitions, and debt and equity transactions.
Andre holds a bachelor's degree from Columbia University, and a master's of business administration, from the Haas School of Business at the University of California, Berkeley.
About BRE Properties
BRE Properties, based in San Francisco, Calif., owns and manages apartment communities convenient to its residents' work, shopping, entertainment and transit in supply-constrained Western U.S. markets. BRE directly owns and operates 74 apartment communities totaling 21,485 units in California, Arizona and Washington. The company invests in communities through acquisition and development, and currently has five properties in various stages of development and construction, totaling 1,526 units, and joint venture interests in 13 additional apartment communities, totaling 4,080 units. BRE Properties is a real estate investment trust (REIT) listed in the S&P MidCap 400 Index. For more information on BRE Properties, please visit our Web site at www.breproperties.com. (Property Data as of 6/30/09)
SOURCE BRE Properties, Inc.
