Developers Diversified Announces Appointments to 2005 Management Training Class; Program Attracting Quality Candidates and Devel
August 15 2005 - 3:30PM
Business Wire
Developers Diversified Realty (NYSE:DDR), a Cleveland-based real
estate investment trust (REIT), and leading owner and developer of
open-air shopping centers, today announced appointments to the
company's 2005 Management Training Class. All program participants
have begun their first rotation in the 18-month program. -0- *T
Joshua Bruff, graduate of Hamilton College. Hometown: Bloomfield,
Connecticut. Cassandra Cosgrove, graduate of The Ohio State
University. Hometown: Harrisburg, Pennsylvania. Marianne Robinson,
graduate of Brown University. Hometown: Brookline, Massachusetts.
Andrew Zidar, graduate of Colgate University. Hometown: Plantation,
Florida. *T Developers Diversified launched its Management Training
Program (the program) in 1999 to cultivate young talent into
experienced commercial real estate leaders. "Our goal is to create
an internal source of talent so we rely less on outside hires,"
said Daniel Hurwitz, Senior Executive Vice President and Chief
Investment Officer at Developers Diversified, and one of the
founders of the program. "We're developing well-rounded real estate
professionals who will lead our company in the future." Mr. Hurwitz
and David Jacobstein, Developers Diversified's President, Chief
Operating Officer and program co-founder, designed the 18-month
curriculum, which includes six-month rotations in the company's
leasing, development and acquisitions and dispositions departments.
Developers Diversified conducts extensive on-campus interviews at
the nation's leading universities to find candidates for the
program. "Qualified candidates possess a four-year degree, a keen
interest in a career in the real estate industry, excellent
communication and analytical skills and outstanding leadership
abilities. We continue to be impressed with the exceptional talent
level of those interested in joining our company. We view candidate
interest as a high compliment to Developers Diversified and
Northeast Ohio," said Mr. Jacobstein. To date, the program is
accomplishing its intended goals. Graduates of the program have
taken leadership positions with the company and are today serving
as a Leasing Manager running the Company's Chicago office,
Development Director in charge of land acquisitions for the eastern
United States, Director of Leasing for Caribbean Properties, a 5
million square foot, $1.2 billion portfolio, New Business
Development Manager directing the national ancillary income
program, Development Director for the Eastern Region responsible
for $150 million of new development projects and Development
Director in charge of Expansions and Redevelopments, which includes
20 projects in 9 states. For additional information about the
program, contact Developers Diversified's Human Resources
Department at 216.755.5500. Developers Diversified Realty is the
nation's leading owner, developer and manager of market-dominant
community centers. Developers Diversified currently owns and
manages over 470 operating and development properties totaling
approximately 107 million square feet of real estate in 44 states
and Puerto Rico. Developers Diversified is a self-administered and
managed real estate investment trust (REIT) operating as a fully
integrated real estate company which acquires, develops and manages
shopping centers. Additional information about Developers
Diversified is available on the Internet at http://www.ddr.com.
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