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New Plan's Revenues Increase

NEW YORK CITY-Company executives expressed "disappointment" with the REIT's stock performance during a conference call on year-end and fourth quarter results.

By Barbara Jarvie | Updated on February 25, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

NEW YORK CITY-Winn-Dixie leases, redevelopments and stock performance were key topics during locally based shopping center REIT New Plan Excel’s fourth quarter and year-end results conference call. This call was the last one for president and COO Scott MacDonald, who is leaving in April to relocate to the West Coast with his family.

The company is making a few management changes due to MacDonald’s impending departure. Starting March 1, Michael A. Carroll will be promoted to the role of to EVP, real estate operations where he will be responsible for all property operations and will serve as the primary liaison between the company’s regional asset managers and its corporate office. Carroll, who joined the company in 1992, most recently held the position of SVP, director of redevelopment. Greg Levine is transitioning to the position of VP, director of redevelopment from his previous post of VP, leasing-northeast region and Dean R. Bernstein is being promoted to the position of EVP, acquisitions/dispositions from SVP, acquisitions.

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