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PLYMOUTH MEETING, PA-The board of trustees of Kramont Realty Trust has promoteed Michael G. Mortimer to VP. Mortimer joined the locally based REIT, which specializes in neighborhood and community shopping centers, as property accountant in 1995. He was promoted to controller in 1999.

Mortimer will continue to serve as controller with responsibility for financial statement preparation, SEC compliance and day-to-day management of the company’s accounting staff. He has more than 10 years of shopping center and real estate accounting experience. He holds a degree in accounting from Pennsylvania State University and is a member of the International Council of Shopping Centers.

Kramont owns, operates, manages and has under development, 91 properties encompassing approximately 11.6 million sf of leasable space in 15 states. The overwhelming majority, 75%, of the REIT’s neighborhood and community shopping centers are anchored by grocery, drug of value-oriented retailers.

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