CHARTER REALTY & DEVELOPMENT CORP.

Charter Realty & Development Corp. is a real estate investment, development, and leasing company specializing in retail properties. The Company was founded in 1993 by Paul Brandes and Daniel Zelson. Since its founding, Charter has acquired and developed more than 60 shopping centers and freestanding net leased properties comprising nearly 10 million square feet with a total acquisition and development cost of approximately $850 million. To accomplish this, the principals of the Company have used their strong investor base and lender relationships to raise the necessary debt and equity to finance and fund these acquisitions. Charter has developed a niche as one of the most prominent value-added retail development companies in the northeastern United States. Its ability to work through complex ground-up development and redevelopment scenarios has earned Charter this reputation. The Company continues to search for solutions to today’s most difficult real estate issues when formulating it’s latest projects – as they say, “there are no easy ones left.” While expanding its owned shopping center portfolio, Charter has also grown to become one of the largest third party leasing agents in the northeastern United States. It currently acts as the exclusive leasing agent for more than 14 million square feet of property within 65 shopping centers in 13 states. Charter prides itself on, and continually strives to maintain the integrity of its relationships with both Landlords and Tenants alike.