Mortimer will continue to serve as controller withresponsibility for financial statement preparation, SEC complianceand day-to-day management of the company's accounting staff. He hasmore than 10 years of shopping center and real estate accountingexperience. He holds a degree in accounting from Pennsylvania StateUniversity and is a member of the International Council of ShoppingCenters.

Kramont owns, operates, manages and has under development, 91properties encompassing approximately 11.6 million sf of leasablespace in 15 states. The overwhelming majority, 75%, of the REIT'sneighborhood and community shopping centers are anchored bygrocery, drug of value-oriented retailers.

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