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SunTrust Announces Corporate Real Estate Changes

ATLANTA, Aug. 3, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced changes in its Corporate Real Estate operations following a strategic evaluation of the area.

Lincoln Harris CSG, an affiliate of Lincoln Property Company, was awarded the facilities management contract for SunTrust's office and operations space and ATMs throughout its footprint.  Under terms of the contract, Lincoln Harris will provide engineering, maintenance, landscaping and other facilities-related services.  The company replaced the previous third-party management firm June 1.

In a separate action, Cassidy Turley was selected to provide additional services to supplement SunTrust's Corporate Real Estate group.  These services include transaction management, project management, lease administration and portfolio planning for SunTrust's office facilities and branches throughout its footprint.  The company began its engagement July 1.

" Lincoln Harris and Cassidy Turley are both at the forefront of their respective fields," said David Dierker, corporate executive vice president and head of Enterprise Core Services at SunTrust.  "Their depth of knowledge and expertise will help enhance our efforts in planning, operating, and managing our facilities in the most efficient and effective manner possible." 

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.  As of June 30, 2012, SunTrust had total assets of $178.3 billion and total deposits of $128.4 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services.  Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.

SOURCE SunTrust Banks, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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