A change in management? It seems that Kilroy Realty is threading on new horizons and organizational change as the company announces a shift in their management. And what led to this shift in management? According to a recent report by marketwatch.com, "Kilroy Realty Corporation today announced the resignation of Eli Khouri as KRC's Executive Vice President and Chief Investment Officer, effective September 30, 2015."
The company is grateful for the contribution that Eli Khouri has given to the company. However, the former executive wanted to experience new horizons, thus leaving the umbrella of Kilroy Realty. The company grew to become premier proprietors. According to an earlier report by businesswire.com, "With more than 65 years' experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region's premier landlords."
As the company embarks on a new journey with its new management, stressing their core values is among their top priority. According to a statement by the management of Kilroy, "With strong regional focus and deep bench across the company, we will continue to execute our strategic plan of creating value through development, acquisitions and capital recycling."
The company has attained a lot of greatness and it can be noted on how well they have utilized their business portfolio. At June 30, 2015, the company's stabilized portfolio totaled 13.1 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego, as stated in a previous report by marketwatch.com.
Although the company will soon be under a new management, it is not that much of a burden because the company's ideals and vision will always remain. The company remains true to its company goals and will continue to press on and tackle the unpredictable real estate industry.
