The company currently has 37 properties in various stages ofdevelopment, up from 16 properties a year ago. It also is undercontract on 17 more development sites, and has identified 26 newsites for future negotiation, possibly in new territories.
"We're looking to expand in Virginia and a tad north of there,"said Drew Alexander, president and CEO.
These properties generally are slated for completion in the nextthree to four years, the company said. The current housing slump isnot a great concern. "The US economy continues to generate jobgrowth, and job creation is the key to growth," said Robert Smith,senior vp and director of new development. "Virtually all of ourlocations are in major markets."
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