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Liberty Property Trust



Liberty Property Trust is a self-administered and self-managed real estate investment trust. Substantially all of the Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership. As of December 2006, the company’s portfolio consisted of 720 industrial and office properties totaling 65.3 million square feet. Additionally, it had 38 properties under development, and owned 1,607 acres of land, all of which were zoned for commercial use. Included in the above totals are 48 properties in operation comprising 6.2 million square feet, five properties under development and 283 acres of developable land owned by unconsolidated joint ventures, in which the company has an interest. The Trust is the sole general partner and also a limited partner of the Liberty Property Limited Partnership, owning 95.6% of the common equity at the end of 2006.


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