Kodiak is the owner of the nineteen (19) properties described below. The combined size of these properties is almost two million square feet of space. The properties are currently performing well above their pro forma projections. In fact, most of the centers are over 95% leased.
 
Name
Location		   Size
(Sq.Feet)		   Lender   Select Tenants   % Leased
Ashland
Ashland, VA		   220,000   Wachovia   Ukrops, Peebles   92%
                 
Beltway Crossing
Glen Burnie, MD

152,000   Lehman   David's Bridal, Gold's Gym   100%
                 
Darnestown
Montgomery County, MD		   44,000   TBD   Harris Teeter   100%
                 
Four Mile Fork
Fredericksburg, VA		 102,000   CS First Bank   Sports & Health Club, Dollar Tree, Family Dollar   100%
                 
Franconia
Franconia, VA		   45,000   Bank of America   Wacovia, 7-Eleven   98%
                 
Good Hope Marketplace
Washington, DC		   97,100   HUD   Safeway, Radio Shack, Hollywood Video, Ashley Stewart, Payless Shoes   100%
                 
Laburnum Square
Richmond, VA 		  110,000   US Bank   Kroger, Pleasant Hardware   85%
                 
Milford Village
Milford, DE		   130,000   Prudential(initial lease up)   SuperFresh, Big Lots, Ace Hardware   100%
                 
Newberry
Harrisburg, PA		   240,000   Wachovia   SuperFresh, Ekerd Drug, Family Dollar   100%
                 
North Village
Hagerstown, MD		   70,000   Mercantile Trust   CVS   100%
                 
Old Line Medical
Waldorf, MD		 76,000   G.E. Capital   Health South   90%
                 
Pinefield South
Waldorf, MD		 70,000   Bank of America   Family Furniture   91%
                 
Port Covington
Baltimore, MD 		  270,000   Bear Stearns   Wal-Mart, Sam's Club   100%
                 
River Oaks
Dumfries, VA		 90,000   Wachovia   Giant Food   100%
                 
Rockwood
Richmond, VA		   40,000   Lehman   Wolfgang's Gym   85%
                 
Sunnyside
Winchester, VA		   70,000   Prudential   Food Lion, CVS   100%
                 
Three Garden Village
Dundalk, MD		   600 Units   FHLMC(Freddie Mac)   Apartments        100%
                 
Tower
Richmond, VA		   22,600   Wachovia   Duron Paints   100%
                 
Westwood
Fredericksburg, VA		 115,000   Normura   Staples, Rugged Wearhouse, Lone Star Steak House   100%
Total
(square feet)		   1,963,700