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May 13, 2008
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PRESS RELEASES NEWS
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LNR Property Corporation’s Commercial Property Group hires new director of development

3/26/08

ST. PETERSBURG, Fla. (March 26, 2008) — LNR Property Corporation’s Commercial Property Group is pleased to announce the appointment of Mike Campbell as the director of development. Campbell has 20 years of industry experience, which will help LNR’s Commercial Property Group build its real estate asset portfolio and expand its presence in the Southeast region. He will work from one of the company’s Florida offices at 400 Carillon Parkway Suite 230 in St. Petersburg. LNR’s Commercial Property Group is the real estate development and investment division of LNR Property Corporation.

In this position, Campbell will be responsible for planning, entitlement and development of real estate projects in the Southeast region. He will directly supervise the development of The Landing at Heritage Harbour, a 600,000 square-foot mixed-use, lifestyle center. The center will include a 300-room hotel, retail shops and office space. The project is scheduled to break ground this year with completion in approximately two years.

Campbell’s prior experience includes serving as vice president of land development for one of the nation’s largest homebuilders, where he oversaw the development of residential projects and master-planned, mixed-use communities in Southwest Florida. He has extensive experience in construction and contract administration, with an emphasis on scheduling and cost control. Campbell was also involved in the establishment of homeowner associations and alternative financing through community development districts for the projects he supervised.

“LNR’s Commercial Property Group is proud to add another industry veteran to our highly experienced team,” said David Welch, president of the Mid-Atlantic region for LNR Property Corporation’s Commercial Property Group. “Mike’s experience will help LNR’s Commercial Property Group continue to deliver high-quality commercial projects to the Southeast region.”

Campbell holds a Master of Business Administration from Webster University, St. Louis and a Bachelor of Science in civil engineering from the University of Florida. He has been an active member of the Florida Home Builders Association, Manatee County Chamber of Commerce and has served on the Environmental and Downtown Redevelopment Committee for the Manatee County Economic Development Council.

About LNR

Headquartered in Newport Beach, Calif., LNR Property Corporation’s Commercial Property Group operates as the real estate development and investment division of LNR Property Corporation. LNR Property Corporation is a $3 billion private company with its corporate headquarters located in Miami Beach, Fla.

LNR Property Corporation’s Commercial Property Group is a market leader in the master planning and development of commercial properties and is invested in large commercial developments and redevelopment transactions that range in size from $10 million to more than $100 million. Supported by 15 offices across the United States, LNR Property Corporation’s Commercial Property Group has been responsible for the successful development, redevelopment and repositioning of more than 1,000 properties in 33 states during the last 15 years. Its expertise extends to a range of property types including office, industrial, retail, apartments, hotels, land and military base reuse. Additional information on LNR’s Commercial Property Group can be found on the Internet at www.lnrcpg.com.





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