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James Wakim Named Executive Vice President and Chief Operating Officer
for Simon Konover Companies and Konover Hotel Corporation

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Simon Konover, President and Chief Executive Officer of The Simon Konover Companies, Konover Properties Corporation, has announced that James Wakim has joined the company as Executive Vice President and Chief Operating Officer.  
 
Mr. Wakim is responsible for the corporate function of the Simon Konover Companies and has overall responsibility for its five divisions; Konover Hotel Corporation, Konover Commercial Corporation, Konover Residential Corporation, SK Properties Development Corporation and SIKON Construction Services, LLC.

Prior to joining Konover Properties, Mr. Wakim was a partner in the Capital Markets Group of the Boston-based law firm of Brown Rudnick Berlack Israel LLP.   
 
Mr. Wakim graduated Summa Cum Laude from the University of Connecticut in 1979 and received his Juris Doctor, With Honors, from the University of Connecticut School of Law in 1982.  He is a member of the national honor societies of Phi Beta Kappa and Phi Kappa Phi.  
 
In his announcement, Mr. Konover said, “Jim is a significant addition to the Konover Properties organization.  He has the vision and experience to carry on our tradition of quality and innovation.”
 
Mr. Wakim currently serves as the Connecticut State Director for the International Council of Shopping Centers (“ICSC”). He served for several years on the Executive Committee of the Real Estate Section of the Connecticut Bar Association.  Mr. Wakim was recognized in New York Magazine in 2007 as one of the best real estate lawyers in the New York Metropolitan area and in Woodward/White Inc.’s The Best Lawyers in America for Real Estate Law.  Mr. Wakim resides in Glastonbury, Connecticut with his wife, Donna, and daughter, Giulia.
 
“This is a key executive management position which required careful consideration,” said Mr. Konover.  “We are delighted that Jim has joined our team and under his leadership, Konover Properties Corporation is poised for continued success and growth.”
 
Headquartered in West Hartford, Connecticut, Konover Properties Corporation was started over 50 years ago by Simon Konover.  The company has grown into one of the premier real estate organizations operating throughout the Midwest and Eastern United States.  
 
Konover Properties develops, builds, acquires, manages, and owns real estate across many market segments, including hotels, residential, office and commercial, retail, mixed use, and specialty properties.  The company provides property management services for both Konover controlled properties and for third party owners.  
 
Konover Properties currently owns and manages 4,500 residential apartment units, over 2 million square feet of office and commercial space, and numerous hotels throughout the Midwest and northeastern United States.  The company has more than 625,000 square feet of new retail space and new condominium and single family communities under development. Its affiliate, Konover South, LLC, based in Deerfield Beach, Florida, develops and manages real estate properties in the southeastern United States.

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Contact:

Marcia Mizrahi
860-570-2000

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Also See: Konover Hotel Corporation Solidifies its Position in the Midwest; Completes Multi-million dollar Renovations at Eleven Hotels / March 2008
Peter H. Mason Promoted to Executive Vice President of Konover Hotel Corporation / July 2007
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