DLC's $500m growth plan.

DLC Management Corporation, a national owner and operator of shopping centers, spent over $350 million in 2006 acquiring 19 shopping centers and over 4,000,000 s/f attributing to its 35% growth.

The private company is committed to similar growth in 2007 and has secured over a half billion for new acquisitions.

"Expanding the number of our properties is the focal point to our growth strategy," said Adam Ifshin, president of DLC Management Corp. "With private capital and privatizations dominating the industry, we are well poised for continued success."

DLC leases a portfolio of 69 open-air shopping centers, totaling over 14,000,000 square feet in 23 states. Its national leasing team spent 2006 strengthening relationships with the hottest and most dominant retailers in the nation. Some of those retailers include Target, Wal-Mart, Publix, Bed Bath & Beyond, TJ Maxx, Michaels Arts & Crafts, Dick's Sporting Goods, Dollar Tree, Justice for Girls, Kroger, Petco, and Steve & Barry's, just to name a few.

"DLC's leasing team has an unparallel level of expertise that has improved our national tenant roster in 2006," said Michael Cohen, executive VP leasing of DLC Management. "They will continue to prove to be invaluable in our plans to further expand our growing portfolio in 2007."

DLC's seasoned construction team will maintain its innovative strategies for redevelopment as it launches three projects in 2007, totaling over 1,000,000 square feet. "DLC places high importance on redevelopment trends while accommodating multiple retailer requirements," said Patrick Tandy, VP Construction of DLC Management. "We are committed to upgrading our properties in order to furnish our customers with new amenities, which in-turn provides consumers a comfortable shopping environment."

In its third year, DLC UrbanCore leads the urban-market revival by providing the development catalyst for future growth in urban and multi-ethnic neighborhoods. "Our meticulous site selection for new projects and exceptional relationships in the publicsector are integral parts of our continued success." said Lamont Blackstone, co-founder of DLC UrbanCore.

DLC's newest division, DLC Development has secured over $100 million to initiate a minimum of three new projects focusing on new ground-up retail centers and large stand-alone stores. "We regularly evaluate the latest technologies in architectural design in order to integrate them into our new developments," said Al Callegari, VP Development of DLC Management. "The objective is to make our centers visually appealing for our retailers, while creating a friendly environment for our shoppers."