Babcock will be responsible for all phases of operation for the REIT, as well as for third-party asset management. In addition, she will join the company's five-member executive committee.

Babcock formerly served as vice president of leasing and development for the Donahue Schriber REIT division. Her responsibilities have included handling REIT leasing and the re-merchandising and redevelopment of 33 centers encompassing nearly four million sf in California, Nevada and Arizona. Her primary development responsibilities were new acquisitions and development opportunities throughout Arizona, with immediate focus in the Phoenix and Tucson markets. Before joining Donahue Schriber in 1995, Babcock was a retail specialist with CB Commercial Real Estate Group, where she leased community and neighborhood shopping centers.

Costa Mesa-based Donahue Schriber, a private REIT since January 1997, owns and/or operates 67 neighborhood, community, power and regional centers with more than 13 million sf of retail space in California, Nevada and Arizona. The firm has developed or redeveloped more than 15 million sf of retail space in its 34-year history.