Urban Edge Properties Appoints Andrea Drazin as Chief Accounting Officer

Rhea-AI Summary

Urban Edge Properties announces the appointment of Andrea Drazin as Chief Accounting Officer effective October 14, 2022, succeeding Jennifer Holmes, who is leaving for a Chief Financial Officer role elsewhere. Drazin, previously Vice President, Corporate Controller, has been with Urban Edge since 2015 and has a background in accounting at Deloitte & Touche. Additionally, Etan Bluman has been promoted to Senior Vice President of Finance and Investor Relations, having joined Urban Edge in 2017 as Tax Director and holding various roles since.

Positive

• Andrea Drazin brings valuable experience, having been with Urban Edge since 2015.
• Etan Bluman's promotion may enhance investor relations and financial strategies.

Negative

• Jennifer Holmes' departure may create a gap in leadership continuity within the finance team.

-- Etan Bluman Appointed Senior Vice President, Finance and Investor Relations --

NEW YORK--(BUSINESS WIRE)-- Urban Edge Properties (NYSE: UE) today announced Andrea Drazin has been named Chief Accounting Officer, effective October 14, 2022. Ms. Drazin will succeed Jennifer Holmes, who will step down to pursue a new opportunity as the Chief Financial Officer of a private residential developer.

Ms. Drazin, who joined Urban Edge in March 2015, currently serves as Vice President, Corporate Controller responsible for SEC reporting, corporate accounting and treasury management. Prior to joining Urban Edge in 2015, Ms. Drazin worked in the audit practice for five years at Deloitte & Touche LLP specializing in real estate.

The Company also announced that Etan Bluman has been promoted to Senior Vice President, Finance and Investor Relations. Mr. Bluman joined Urban Edge in 2017 as Tax Director and has worked in various capacities at the Company including asset management, transactional structuring and debt financings. Prior to joining Urban Edge, Mr. Bluman worked as a Tax Manager in the Real Estate Market Group at Ernst & Young.

“We wish to extend our sincere thanks to Jen for her many contributions to Urban Edge where she has played an instrumental role in our accounting and finance functions since 2015,” said Jeff Olson, Chairman and CEO. “We are pleased to have a strong successor in Andrea, who has been an invaluable contributor to Urban Edge in further enhancing our strong accounting systems and reporting practices. At the same time, we are pleased to expand Etan’s role given his experience driving a variety of complex transactions and asset management initiatives while overseeing the tax function. We know he will do an outstanding job overseeing our investor relations function as we continue to expand our outreach.”

ABOUT URBAN EDGE PROPERTIES

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006172/en/

For additional information:

Mark Langer, EVP and

Chief Financial Officer

212-956-2556

Source: Urban Edge Properties

FAQ

Who is the new Chief Accounting Officer at Urban Edge?

Andrea Drazin has been appointed as Chief Accounting Officer effective October 14, 2022.

What position did Andrea Drazin hold before becoming Chief Accounting Officer?

Before her promotion, Andrea Drazin was Vice President, Corporate Controller at Urban Edge.

What is the significance of Etan Bluman's promotion at Urban Edge?

Etan Bluman's promotion to Senior Vice President of Finance and Investor Relations aims to strengthen investor outreach and financial management.

Why did Jennifer Holmes leave Urban Edge Properties?

Jennifer Holmes left Urban Edge to pursue an opportunity as Chief Financial Officer for a private residential developer.