"I am looking at a bunch of different possibilities but haven'treally made my decision on what I am going to do next," Peddicordtells GlobeSt.com. "I really wanted to focus on going one step at atime, and that is what I have done."

Arden and Peddicord both say that his departure is unrelated toArden's announcement this week that it is launching a nationalexpansion platform, and it's only coincidence that the twoevents occurred so close together. "I've had a great career atArden, and I'm leaving at a good time when the company is in goodhands," he says.

GlobeSt.com asked Peddicord if he is likely to be working witheither Arden founder Richard Ziman or former Arden president andCOO Victor Coleman, both of whom are now involved in commercialreal estate investment funds. "That's a logical question because Ihave a great relationship with both Dick and Victor, but nothinghas been considered at this point," Peddicord says.