Getty Realty Corp. Announces the Passing of Former Chairman and Co-Founder Leo Liebowitz

Rhea-AI Summary

Getty Realty Corp. (NYSE: GTY) mourns the loss of its co-founder and former Chairman, Leo Liebowitz, who passed away on December 12, 2021. Mr. Liebowitz dedicated over 60 years to the company, significantly contributing to its transformation from a single gas station to a national real estate investment trust with over 1,000 leased properties. His leadership included roles as CEO and President, and he was known for his personal connection with employees. The company expresses heartfelt condolences to his family during this difficult time.

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• Getty Realty Corp. owns and leases over 1,000 retail properties in 36 states and Washington, D.C., showcasing its substantial growth and market presence.

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NEW YORK--(BUSINESS WIRE)-- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), announces with great sadness that its former Chairman and Co-Founder, Leo Liebowitz passed away on Sunday, December 12, 2021. The entire Getty team extends their heartfelt condolences to his wife and extended family.

For six decades, until his retirement as the Company’s Chairman on February 23, 2021, Mr. Liebowitz served tirelessly for the Company he co-founded and was respected and revered by all who worked for him and with him. In addition to his tenure as Chairman, he served as the Company’s Chief Executive Officer from 1985 until 2010 and as President from 1971 until 2004. Under Mr. Liebowitz’s extraordinary lifetime of leadership, the Company grew from a single gas station to a successful national real estate investment trust which currently owns and leases more than 1,000 convenience, automotive and other single tenant retail properties.

“As co-founder of the Company, Leo was a tremendous businessman who was the driving force behind Getty’s growth for more than 60 years,” said Howard Safenowitz, Getty’s Chairman. “Leo’s passion and commitment over the years was instrumental to the Company’s success. He took great pride in having a personal connection with all of the Company’s employees, and over the years he always enjoyed sharing his wisdom and experience with his fellow Directors. On behalf of the Board of Directors and the entire Getty team, we send our sincere condolences to Rose and the rest of the Liebowitz family.”

About Getty Realty Corp.

Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of September 30, 2021, the Company owned 972 properties and leased 49 properties from third-party landlords in 36 states across the United States and Washington, D.C.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005908/en/

Investor Relations

(646) 349-0598

ir@gettyrealty.com

Source: Getty Realty Corp.

FAQ

Who was Leo Liebowitz in relation to Getty Realty Corp.?

Leo Liebowitz was the co-founder and former Chairman of Getty Realty Corp., serving for over 60 years until his retirement in 2021.

When did Leo Liebowitz pass away?

Leo Liebowitz passed away on December 12, 2021.

What is Getty Realty Corp.'s business focus?

Getty Realty Corp. specializes in the acquisition, financing, and development of convenience, automotive, and other single-tenant retail real estate.

How many properties does Getty Realty Corp. own?

As of September 30, 2021, Getty Realty Corp. owned 972 properties and leased 49 from third-party landlords.

What was Leo Liebowitz’s role in Getty Realty Corp. after 2010?

After 2010, Leo Liebowitz served as Chairman until February 23, 2021.