In addition, Dean Bernstein, the former senior vice president--finance, has been named senior vice president--acquisitions/dispositions. In his new post he will dispose of the company's non-core retail assets, commercial properties and garden apartment communities. Also, Dan Dornfeld, the new vice president--lease administration, will oversee the creation of a lease administration department that will streamline the operations of the current lease administration, accounts receivable and collection departments. Steven Splain is the newly appointed director--accounting and tax, and Stacy Lipschitz is now serving as vice president--corporate communications.

James DeCicco, executive vice president--asset management, and Thomas Farrell, senior vice president--acquisitions, have left the firm.

Glenn J. Rufrano, CEO and president, noted that the restructuring underscored New Plan's "commitment to achieving a clearly defined, high-quality, grocery-anchored neighborhood and community shopping center portfolio."