Former EDENS Executives Launch Asana Partners -- A Retail Real Estate Investment Company

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Sep 09, 2015, 10:00 ET

COLUMBIA, S.C., Sept. 9, 2015 /PRNewswire/ -- Industry veterans Terry Brown, Jason Tompkins, and Sam Judd last month launched Asana Partners, a retail real estate investment company balancing a vision and passion for the retail experience with the financial rigor necessary to create value. Drawing from the team's deep operational and investment background in retail real estate, including more than $15 billion in transaction activity over the last 15 years, the company will acquire, own, and operate retail properties in dynamic markets across the United States.

"Success in this industry requires expertise in both retail real estate operations and capital allocation," commented Terry Brown, Chairman & Chief Executive Officer. "As a retail-focused real estate investment company, Asana Partners will build on our track-record of delivering strong results across economic cycles and evolving consumer preferences."

Asana Partners will leverage a fully integrated operations-based approach to drive long-term value from retail properties in the fastest growing, most attractive markets in the country. The company's high performance team paired with a time-tested risk management framework are key components of this strategy.

"Our disciplined approach to operations, investments, and capital markets is grounded in industry knowledge and financial acumen," President & Chief Operating Officer Jason Tompkins added. "We view this integrated operating and investment platform as a unique and compelling approach to investment in retail real estate."

The three founding partners collectively have over 60 years of industry experience, including more than a decade working together in executive roles at EDENS, one of the leading operators, owners, and redevelopers of open-air retail in the United States. Brown led EDENS as Chairman & Chief Executive Officer, and Tompkins was Chief Financial Officer. Sam Judd, Chief Investment Officer of Asana Partners, most recently was with Sears Holdings as Vice President – Real Estate.

For additional information about Asana Partners and its founders, visit www.asanapartners.com.

This press release may contain forward-looking statements. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are forward-looking. Any projected results or statements contained in this press release that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by such projected results and statements. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive, and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Asana Partners. In light of the significant uncertainties inherent in any projected results and forward-looking statements included in this press release, the inclusion of such information should not be regarded as a representation as to future results or that the objectives and strategic initiatives expressed or implied by such projected results and forward-looking statements will be achieved. Asana Partners expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein.

CONTACT: Julie Ducworth
JCD Communications
(803) 465-1198
[email protected]

SOURCE Asana Partners