Printer Friendly

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

American Financial Realty 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 Express to provide tenants throughout its national asset network with on-premises drop boxes for express delivery service.

According to 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. 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 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 that increases the growth and profitability of our customers, while creating new business opportunities for AFR."
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Date:Jun 14, 2006
Words:287
Previous Article:BEEP sparks revolution in commercial real estate industry.
Next Article:Colonel promoted to senior vp.
Topics:


Related Articles
Involuntary conversions with multiple payments.
Defining an affiliated group.
Calculating gain on corporate distributions.
Accountant/client privilege.
Church loses tax-exempt status over campaign ads.
Effect of built-in gain on value of closely held stock.
Flying trucks: Air cargo companies take to the ground in search of freight. (Trade Lanes).
Sale of future lottery payments is ordinary income.
FLPs v. Tax Courts: Bongard case highlights Family Limited Partnership challenges.
Guarding marital deductions.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters