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Edens & Avant Names New Vice President of Finance and Capital Markets

  Former Wachovia Securities VP Brings Extensive Capital Markets Experience

    COLUMBIA, S.C., May 5 /PRNewswire/ -- Edens & Avant, the nation's fastest
growing retail real estate enterprise, announced today that Jason K. Tompkins
will join the Company as Vice President of Finance and Capital Markets,
effective May 17.  In his new role, Tompkins will have responsibilities in the
areas of capital markets, investments, joint ventures, and investor/lender
relations, among others.
    Previously Vice President of Wachovia Securities' Real Estate Investment
Banking group based in Richmond, VA, Tompkins served as lead execution officer
on approximately 25 public and private capital markets transactions including
initial public offerings, follow-on common offerings, private equity joint
ventures, portfolio sales, and mergers and acquisitions.
    In making the announcement, Terry S. Brown, Chief Executive Officer, said:
"We are especially fortunate to have Jason join Edens & Avant. He brings
unique real estate and financial skills and a long term relationship as the
Company's financial advisor."
    In addition to his work with Wachovia Securities, Tompkins has also served
as Director of the Real Estate Capital Markets Group for Andersen Corporate
Finance LLC in Washington, D.C., and Vice President of European Mergers &
Acquisitions for GE Capital Real Estate in Paris.
    Tompkins is a graduate of Virginia Tech with a Bachelor of Science degree
in Aerospace Engineering.
    Edens & Avant is the nation's largest private owner, operator and
developer of grocery-anchored shopping centers with 230 assets in 20 states
throughout the Eastern United States.  The Company focuses on the operation
and development of grocery-anchored Necessity Retail(R) Centers traditionally
leased to national and regional retailers that serve the basic and recurring
consumer needs of the trade area population.
    Edens & Avant increases the value of its assets by internally managing and
redeveloping retail centers for sustained growth, including providing the
highest quality retailer and center management services.  The Company has
Regional Headquarters in Boston, MA, Washington, DC, Columbia, SC (Corporate
Office).  For additional information about the Company and its retail real
estate portfolio, please visit http://www.edensandavant.com .


SOURCE Edens & Avant




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    CONTACT:
    Susan Sale, VP Corporate Marketing of Edens &
    Avant, +1-800-662-7212, ext. 7615, or ssale@edensandavant.com