SAN FRANCISCO, July 30 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. , a leading owner and manager of corporate datacenters and Internet gateways, announced today that real estate industry veteran Jon H. Paulsen has been named Vice President of Real Estate for Digital Realty Trust. In this role, Mr. Paulsen will be responsible for developing and managing the broker community channel -- a new role at the company that reflects the importance of the brokerage community to Digital Realty Trust.
"Jon is very highly respected in the real estate community, and he brings great insight into how we can work closely with real estate brokers to ensure that all of their needs are met," said Michael F. Foust, Chief Executive Officer of Digital Realty Trust. "Having someone of Jon's experience and integrity focused exclusively on broker relations for us is indicative of the value we place on the role of the brokerage community in supporting the long- term success of Digital Realty Trust."
Mr. Paulsen has more than 20 years of real estate experience. He formerly held the position of Vice President of Acquisitions for the Western United Sates at Digital Realty Trust -- a role he played since October 2004 when Digital Realty Trust held its initial public offering. He joined Digital Realty Trust from GI Partners, Digital Realty Trust's predecessor company, where he was responsible for deal sourcing and property acquisitions with an emphasis on technology-related properties. Prior to that, Mr. Paulsen was a Director with Tishman Speyer Properties, opening its Silicon Valley office. Mr. Paulsen was also active as a real estate broker with Cushman & Wakefield in San Francisco. He earned his B.A. degree from University of Colorado.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. Digital Realty Trust's 62 properties, excluding one property held in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.4 million rentable square feet, including 1.7 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 25 markets throughout North America and Europe. For additional information, please visit the Digital Realty Trust's website at http://www.digitalrealtytrust.com/.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; inability to manage domestic and international growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2006, as updated by subsequent reports on Form 10-Q and Form 8-K filed with the SEC. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein Pamela A. Matthews
Chief Financial Officer and Investor/Analyst Information
Chief Investment Officer Digital Realty Trust, Inc.
Digital Realty Trust, Inc. (415) 738-6500
(415) 738-6500.
Chris Crosby
Sales & Technical Operations
Digital Realty Trust, Inc.
(214) 231-1350