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Brausch Named Chair of ICMA Board of Regents

    COLUMBIA, S.C., Aug. 16 /PRNewswire/ -- Edens & Avant, one of the
nation's leading private retail real estate companies, announced today the
Institute of Certified Management Accountants (ICMA(R)) has named John
Brausch, VP - Property Controller, Chair of the Board of Regents for the
2006-2008 term.
    ICMA is the certification division of Institute of Management
Accountants(R) (IMA), the world's leading organization representing the
management accounting profession and governing the Certified Management
Accountant (CMA(R)) certification. The Board of Regents is responsible for
overseeing CMA program development, exam content, implementation and
administration.
    "John has shown outstanding leadership through longstanding
participation in IMA and in the management accounting field," said Dennis
Whitney, ICMA vice president. "His experience and motivation for promoting
the CMA certification will serve him well in his position as Board of
Regents Chair."
    In addition to providing strategic direction as Board of Regents Chair,
Brausch also will serve as a member of the ICMA Board of Trustees during
this term. A member of IMA for nearly 20 years, Brausch previously served
as Regent for ICMA's 15-member Board from 1995 to 2004. He also served as
Chair of IMA's Performance Oversight and Audit Committee and served on the
IMA Governance Committee for the 2005-2006 term.
    "Being appointed to this prestigious post is evidence of John's depth
of experience in his field," said Jason Tompkins, Edens & Avant Chief
Financial Officer. "His commitment to the IMA organization over the years
models our focus on professional development at Edens & Avant."
    Brausch is a Certified Public Accountant, Certified Management
Accountant and Certified Financial Manager. He received a B.S. degree from
The Citadel and holds an M.B.A. degree from the University of Montana.
    Edens & Avant develops, owns and operates neighborhood shopping places
in primary markets throughout the East Coast. Focusing on innovative
development and redevelopment together with key acquisitions in urban
areas, Edens & Avant has built an overall portfolio of more than 170 retail
centers in 18 states. The Company has Regional Headquarters in Boston,
Washington, D.C., Atlanta, Miami and Columbia, SC (Corporate Office). For
additional information about Edens & Avant and its retail real estate
portfolio, please visit http://www.edensandavant.com.


SOURCE Edens & Avant




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    CONTACT:
    Julie Culbreath of Edens & Avant,
    +1-803-744-2446, or jculbreath@edensandavant.com