Katherine Dietze Joins Liberty Property Trust's Board of Trustees

MALVERN, Pa., Jan. 21, 2011 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY) today announced that Katherine E. (Wendy) Dietze has joined Liberty's board of trustees.

Ms. Dietze was global chief operating officer, Investment Banking Division of Credit Suisse First Boston, a financial services company, until her retirement in 2005.  She had also held the position of managing director, Investment Banking. Prior to joining Credit Suisse First Boston, Ms. Dietze was a managing director for Salomon Brothers Inc, a financial services company.  

Ms. Dietze serves on two other public company boards: LaBranche LLC, for which she heads the audit committee; and Matthews International, for which she serves as head of the compensation committee and chairperson of the company's pension board.  

"Wendy brings a strong background in investment, financial markets and transactions to an already well-rounded, independent board," said Bill Hankowsky, chairman and chief executive officer of Liberty Property Trust. "We welcome the addition of her financial acumen and critical insight."

In addition to Ms. Dietze and Mr. Hankowsky, Liberty's board of trustees consists of Frederick F. Buchholz, executive vice president, Lend Lease Real Estate Investments (retired); Tom DeLoach, executive vice president, Mobil Oil Corporation (retired); Daniel P. Garton, president and chief executive officer, American Eagle Airlines; J. Anthony Hayden, chairman, Hayden Real Estate Investments; M. Leanne Lachman, president, Lachman Associates; David L. Lingerfelt, of counsel to the firm of Parker, Pollard, Wilton and Peaden, PC.; Stephen B. Siegel, chairman, Global Brokerage Services, CB Richard Ellis; and Stephen D. Steinour, chairman, president, and chief executive officer, Huntington Bancshares, Incorporated.

Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties.  Liberty's 80 million square foot portfolio includes more than 700 properties which provide office, distribution and light manufacturing facilities to 2,000 tenants.  

SOURCE Liberty Property Trust

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