Edgewood Properties was formed in 1992 with the goal of acquiring raw land for residential and commercial developments and redeveloping of existing residential and commercial real estate properties. The company has expanded its business base from these original goals, but still remains active in the acquisition of property.

The company's target areas for residential and commercial developments are New Jersey, Eastern Pennsylvania, Maryland, Delaware, North Carolina, and Florida. Acquisitions considered consist of shopping centers, residential, industrial properties, drug stores locations and other development opportunities. Through market experience and aggressive research the management team of Edgewood Properties is certain to select prime properties for developments or redevelopments and exploit the favorable market conditions which exist taking advantage of the window of opportunities created by the lag between market pricing and market demand created by its growth.

Edgewood Properties' concept is to identify and procure properties for development or re-development. Once acquired, the properties are managed by us to maximize the goals specific to each property. Some properties are held for short periods of no more than one year to realize asset appreciation from re-development. Other properties are held for periods of three to five years to assure that new developments have matured sufficiently to garner an equitable profit. Additionally, mature properties in the portfolio are maintained for periods longer than five years as sources for streams of income and equity appreciation.

Commercial real estate that will be considered for possible inclusion in the asset portfolio will be raw land, apartments, office, and industrial sites. To be considered as a possible candidate for inclusion into the portfolio, the property must meet the following criteria:

50 units or more Possible conversions to condominiums and sales Sites on the edge of industrial zones which would need to be rezoned and converted to housing or retail uses Capable of leaving tenant in place while getting approvals Minimum of 1.5 acres Strong corners with traffic light Either raw land or approved project sites Development opportunities for all types of properties listed above Will consider joint venture possibilities