Trade Publications Name Levin Among Top Property Managers, Redevelopers

Kudos from Commercial Property Executive and Chain Store Age Focus on Overall Performance Excellence. End Quote

New York, NY (1888PressRelease) October 25, 2011 - Retail real estate services firm Levin Management Corporation has been named among the nation's top retail real estate firms by two prestigious industry publications. Levin was cited among the industry's top property managers in the August issue of Commercial Property Executive magazine, a ranking that places the 59-year-old firm on an impressive roster of leaders that have helped their clients weather a challenging period for real estate across industry sectors. And the November issue of Chain Store Age, for the second year in a row, places Levin among the nation's top 10 redevelopers for 2010-2011.

Levin manages and leases a portfolio of more than 90 retail properties totaling 12.5 million square feet. These projects range from neighborhood to enclosed mall shopping centers, to downtown stores and mixed use projects in New Jersey, New York, Pennsylvania, Virginia, North Carolina and Florida.

According to Commercial Property Executive, the top property managers survey "was about performance, not only from the perspective of revenue generated and portfolio size but also due to changes in market conditions over the very difficult time period of 2009 into and through 2010. We evaluated the effectiveness of the management teams according to property sector, the number of clients and properties per client, client tenure, volume and changes in square footage or units managed, occupancy and rent trends, and derived fee income from operations."

Chain Store Age, listing the top 10 redevelopers alphabetically, cited the firms' redevelopment work completed during 2010/2011 based on square footage, projects completed, and financial investment, and highlighted one redevelopment project for each. For Levin, the highlighted project is the $10-million expansion/redevelopment of Hamilton Plaza in Hamilton Township, N.J.

Matthew K. Harding, Levin's president and chief operating officer, noted that the criteria for selection make both recognitions particularly rewarding. "This wasn't about being the biggest company out there," said Harding, who has been affiliated with Levin since 1986 and has guided the company's strategic growth. "Rather, Commercial Property Executive and Chain Store Age both focused on management excellence, expertise, and the depth of client relationships - absolute priorities for our company."

Levin offers management, leasing and many other services to its clients. The company continues to be recognized for repositioning, retenanting and renovating retail properties, services that have become particularly vital for today's institutional, fiduciary and individual retail property owners.

During the downturn, Levin focused on upholding service quality while achieving both short- and long-term savings by reducing CAM costs, staying on top of rent collection efforts, working with municipalities to lower taxes and utilities costs, and concentrating on energy efficiency, among other approaches.

Levin's ownership approach to the business has earned it a number of distinguished awards. The company was previously named "Firm of the Year" by the Institute of Real Estate Management (IREM), New Jersey Chapter No. 1; one of America's five fastest-growing real estate managers by Chain Store Age; and Top Retail Company by the Mid Atlantic Real Estate Journal. In November 2010, the firm was previously named as one of the nation's Top 10 Redevelopers by Chain Store Age, and, in January 2011 it was ranked 30th among Top US Real Estate Companies by Commercial Property Executive magazine.

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