The Phillips Edison acquisitions team has a single mission: the aggressive pursuit of shopping center acquisition opportunities nationwide. Our efforts primarily target grocery-anchored neighborhood and community shopping centers with turnaround potential. Working with knowledge, focus, and flexibility, our experienced team reacts quickly to new opportunities and closes on challenging projects.

In January 2006, we embarked on our most ambitious acquisitions plan to date. Our commitment was to place $800 million in neighborhood and community shopping centers by 2008. In June 2007 we completed the fund...13 months ahead of schedule. Acquisitions continued throughout the year, with a total of 77 properties acquired in 2007.

We have a history of doubling our portfolio every three years, and our expansion plans for 2008 and beyond are right on track to continue that aggressive growth strategy.