SAN DIEGO, Jan. 7, 2015 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) is proud to announce that its Executive Chairman, Ernest Rady, has been named by U-T San Diego as the "San Diego Person of the Year" for 2014. The newspaper selected Mr. Rady for this honor because of his philanthropic acts in San Diego, including, most recently, a gift from him and his family of $120 million to the Rady Children's Hospital (bringing their total gift to the hospital to $180 million), one of the largest donations in San Diego history. The gift is being used to establish the Rady Pediatric Genomics and Systems Medicine Institute at Rady Children's Hospital, which will focus on preventing, diagnosing, treating and curing childhood disease through genomics and systems medicine research.
"Evelyn and I are extremely fortunate and proud to give back to San Diego, particularly its children, in a meaningful way, and are truly humbled by U-T San Diego's recognition," said Mr. Rady.
U-T San Diego's announcement of the award may be found at http://www.utsandiego.com/news/2015/jan/01/san-diego-person-of-the-year-ernest-rady/.
About American Assets Trust, Inc.
American Assets Trust, Inc. (the "Company") is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. For over 40 years, the Company has been acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii. The Company's retail portfolio comprises approximately 3.1 million rentable square feet, and its office portfolio comprises approximately 2.6 million square feet. In addition, the Company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and over 900 multifamily units. In 2011, the Company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. For additional information, please visit www.americanassetstrust.com.
Forward Looking Statements
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CONTACT: Investor and Media Contact: American Assets Trust Robert F. Barton Executive Vice President and Chief Financial Officer 858-350-2607
Source:American Assets Trust, Inc.