Guy Morris, SVP of acquisitions and development for DLCManagement, says that the deal took about eight months to completeand involved several debt structure changes due to the volatilityin the finance markets. A lion's share of the portfolio is locatedin the Southeast, an area DLC has been concentrating on for sometime, he adds. In the aggregate, the portfolio is approximately 85%leased.

[IMGCAP(2)]"We've been expanding our entire operation and ourentire holdings in the Southeast for the past five years," Morrissays. This is the second major deal between DLC Management andEdens & Avant within the past 13 months. In November 2006, DLCacquired a nine shopping center portfolio in the Southeast fromE&A. Prior to its latest deal with E&A, DLC ownedapproximately two million sf of retail space in the Southeast. Nowat the close of 2007, its portfolio totals more than three millionsf.

In its latest deal with E&A, the largest property in theportfolio is the 211,178-sf Crossroads South center in Jonesboro,GA, which is anchored by Kroger and K-Mart. The deal complimentsDLC's 235,219-sf Tara Crossing shopping center also located inJonesboro.