SOURCE: Westlake Realty Group, Inc.

January 08, 2008 09:00 ET

Westlake Realty Group Named Accredited Management Organization of the Year by IREM'S Bay Area Chapter

San Mateo Firm Recognized for Significant Contributions in 2007

SAN MATEO, CA--(Marketwire - January 8, 2008) - Westlake Realty Group, Inc., an AMO®-certified property management company, today announced that it has been recognized as Accredited Management Organization of the Year by the San Francisco Bay Area Chapter of the Institute of Real Estate Management (IREM). The award was presented to Steven McDonald, CPM®, Westlake's vice president & general manager, residential division, on December 21, 2007 during a ceremony held at San Francisco's famed Carnelian Room atop the Bank of America building.

"It's truly a pleasure to recognize our members' achievements," said David Tripp, CPM®, the chapter's 2007 president, "and we are particularly happy to present this year's award to Westlake Realty Group." "Westlake is not only dedicated to excellence in property management, it has also worked very effectively to support the San Francisco Bay Area Chapter," added Rita Hernandez, CPM®, chapter president in 1999.

"I'm pleased to accept this award on behalf of the Westlake team," said Steven McDonald. "Working with chapter management and members this year has been professionally rewarding, and I look forward to my continued association with this great organization." "We will proudly display this plaque in our offices, right alongside our designation as an Accredited Management Organization," commented Robert Klag, Chief Executive Officer of Westlake Realty Group.

About 2007's Accredited Management Organization of the Year Award

During 2007, Westlake Realty Group made significant contributions to the operations of the San Francisco Bay Area Chapter of IREM. Mr. McDonald served as the chapter's vice president of membership during 2007 and will assume the role of vice president of education in 2008. Westlake has supported the Chapter's education program by providing substantial funding as well as providing the venue for a seminar. In addition, Westlake donated tickets to a San Francisco Giants game, which were auctioned during a Chapter fundraiser.

About Westlake Realty Group

Headquartered in the San Francisco Bay Area, Westlake Realty Group brings more than 30 years of experience to managing multifamily residential units, office buildings, mixed-use properties, and shopping centers in Arizona, California, Nevada, New Mexico, Oregon, and Washington. Westlake bases its success on its ability to offer genuine value to the owners and tenants of the properties it manages. The company combines this expert property stewardship with information technology to reduce operating costs and increase ROI. As a recipient of coveted Accredited Management Organization® (AMO®) designation, Westlake is a member of only 540 firms nationwide recognized by the Institute of Real Estate Management (IREM) for upholding the highest professional standards in property management. Westlake Realty Group, Inc. is an affiliate of Westlake Development Group, LLC. For more information, visit www.westlake-realty.com.

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