Liberty Property Trust

Public Company, Headquarters Location
500 Chesterfield Pkwy., Malvern, PA 19355-8707, United States
(610)648-1700, (610)644-4129 fax, http://www.libertyproperty.com

Primary SIC: Real Estate Investment Trusts, Primary NAICS: Real Estate Investment Trusts
Description: Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust (REIT). Substantially all assets are owned directly or indirectly, and substantially all operations are conducted by its subsidiary, Liberty Property Limited Partnership, a Pennsylvania limited partnership. The company completed its initial public offering in 1994 to continue and expand the commercial real estate business of Rouse and Associates, a Pennsylvania general partnership, which was founded in 1972. As of December 31, 2008, Liberty Property owned and operated 357 industrial and 297 office properties totaling 63.8 million square feet. In addition, the company owned 17 properties under development, which will add 3.2 million square feet, and 1,336 acres of commercial land for development. Through unconsolidated joint ventures, the company also had an ownership interest in 46 industrial and 49 office properties totaling 13.1 million square feet, four properties under development that will add 1.4 million square feet and 648 acres of land for commercial use. Liberty Property's industrial properties consist of a variety of warehouse, distribution, service, assembly, light manufacturing, and research and development facilities.Finance: Real estate investment trust. Real Estate: Property management.