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Getty Realty Corp. Announces the Appointment of Mike Ross as Senior Director of Acquisitions

^{Published on 2010-11-30 13:56:13 - Market Wire}
 

JERICHO, N.Y.--([ BUSINESS WIRE ])--Getty Realty Corp. (NYSE:GTY) ("Getty" or the "Company"), the only publicly traded REIT focused solely on ownership and leasing of retail motor fuel and convenience store properties, announced today that Mike Ross has joined the Company as Senior Director of Acquisitions. Ross has more than 15 years of origination experience at well-known industry firms including: Trustreet Properties, Merrill Lynch and FMAC.

"Mikea™s location, experience and in depth knowledge of our industry and its players are an exciting addition to the Getty team. His addition enhances our focus on pursuing growth through providing capital to the Convenience Store and Gasoline Marketing industry."

Ross will be based in Dallas, Texas and will work closely with Getty Realty EVP Kevin Shea to pursue Gettya™s strategy of aggressively growing the Companya™s Convenience Store and Gasoline Marketing assets. Kevin Shea commented, aMikea™s location, experience and in depth knowledge of our industry and its players are an exciting addition to the Getty team. His addition enhances our focus on pursuing growth through providing capital to the Convenience Store and Gasoline Marketing industry.a

David Driscoll, Gettya™s recently appointed President and CEO, stated, aGettya™s Board has charged management with the task of significantly growing the Company in the coming years. During the past 14 months we have added assets, increased our equity float and reduced our borrowing levels. Our intent is to continue our growth trajectory and by expanding our origination staff we are redoubling our efforts to acquire portfolios by providing competitively priced and innovatively structured capital to the industry. We currently own properties throughout the US (including Hawaii) operating under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. We are seeking to expand both our brand and geographic coverage throughout the US and into Canada as well. Mike, with his broad industry knowledge and national reputation, will be an important element to achieving this growth and we are proud he has chosen to join our team.a

Getty Realty Corp. is the largest publicly-traded real estate investment trust in the United States specializing in ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals. The Company owns and leases approximately 1,060 properties nationwide.

CERTAIN STATEMENTS CONTAINED HEREIN MAY CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. WHEN THE WORDS aINTENTa "BELIEVES," "EXPECTS," "PLANS," "PROJECTS," "ESTIMATES", aSEEKSa AND SIMILAR EXPRESSIONS ARE USED, THEY IDENTIFY FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT BELIEFS AND ASSUMPTIONS AND INFORMATION CURRENTLY AVAILABLE TO MANAGEMENT AND 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 THESE FORWARD-LOOKING STATEMENTS. EXAMPLES OF FORWARD-LOOKING STATEMENTS IN THIS CURRENT REPORT ON FORM 8-K INCLUDE THE STATEMENT OF THE CHIEF EXECUTIVE OFFICER THAT THE COMPANYa™S INTENT IS TO CONTINUE ITS GROWTH TRAJECTORY AND REDOUBLE ITS EFFORTS TO ACQUIRE PORTFOLIOS, AND THAT THE COMPANY IS SEEKING TO EXPAND ITS BRAND AND GEOGRAPHIC COVERAGE THROUGHOUT THE US AND INTO CANADA. INFORMATION CONCERNING FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS CAN BE FOUND IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY RELEASE REVISIONS TO THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR CIRCUMSTANCES OR REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.