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DHL drop boxes adding to AFTR's asset enhancement program.



American Financial Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Trust, a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, announced that it has entered into an agreement with DHL DHL
abbr.
1. Doctor of Hebrew Letters

2. Doctor of Hebrew Literature
 Express to provide tenants throughout its national asset network with on-premises drop boxes for express delivery service.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the terms of the agreement, DHL will place drop boxes at up to 500 American Financial Realty offices and retail locations across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The arrangement provides DHL with another avenue to expand its U.S. footprint by tapping into American Financial Realty's geographically diverse portfolio of properties. At the same time, AFR AFR African
AFR Australian Financial Review
AFR Afrikaans (South African language)
AFR Air France (ICAO code)
AFR Alternate Frame Rendering
AFR Applicable Federal Rate
 is able to provide its tenants with DHL's express delivery services, while capitalizing on a new revenue opportunity that unlocks additional value from AFR's real estate portfolio.

The program will be jointly marketed through American Financial Realty's property management group which operates more than 1,000 properties in 39 states and 338 markets and through DHL's USA web site (www.dhl-usa.com) and direct mail program, as well as brochures at drop box locations. Roll out will be phased in by market and is expected to be completed by June 30.

"This relationship with one of the leading providers of express delivery services, signals the beginning of a new asset enhancement program that will expand the scope and depth of services we provide to our tenants," said Michael Weil, senior vice president of sales and leasing at American Financial Realty Trust.

"The backbone of AFR's business model is our relationship-based approach to property and customer relationships.

" This relationship with DHL is yet another way that we provide value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions.  that increases the growth and profitability of our customers, while creating new business opportunities for AFR."
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Publication:Real Estate Weekly
Date:Jun 14, 2006
Words:287
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