PRESS ROOM

Alberta Development Partners Announces Leadership Change

Greenwood Village, CO – January 19, 2007 – After a year that marked extraordinary growth for Alberta Development Partners, including the opening of the final phase of Southlands, Alberta’s premier mixed-use development and the state’s largest retail destination, the company today announced a change in leadership. Peter Cudlip, principal with Alberta for more than 10 years, is leaving the company to start a new retail development firm, Pointe Properties, LLC.

Alberta Development Partners will continue to operate under the leadership of Don Provost, founding principal, and David Goldberg, a principal since 2005. Alberta continues to move forward on its Northlands, The Streets at SouthGlenn, Cornerstar and Wheatlands developments as well as the company’s two redevelopment projects in the Kansas City metro area.

Cudlip’s new endeavor, Pointe Properties, will focus solely on the development of retail space in Colorado. Projects already underway include the Silverthorne Town Center and Silverthorne Lifestyle Center, both located in Summit County, as well as Cherokee Village in Aurora, the Shops at Riverdale in Thornton and the 50th Avenue Shops in Wheat Ridge.

“Peter helped establish Alberta Development Partners as one of the leading real estate development firms in Colorado, and we wish him all the best,” said Don Provost. “Our company is poised for tremendous growth and expansion, and David and I, along with the entire Alberta team, will continue creating great places that will be enjoyed for generations here in Colorado and throughout the country,” said Provost.

About Alberta Development Partners, LLC
Alberta Development Partners, LLC is engaged in the acquisition, development and investment of retail, mixed-use and residential real estate opportunities located throughout the western United States. In total, Alberta and its principals have completed in excess of 220 projects with a combined value of more than $1.5 billion. In combination with the projects currently underway, Alberta has developed in excess of twelve million square feet of retail, office and residential space.