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 Criterion Development Partners Appoints John J. Englert as Executive Vice President
 

Dallas – August 25, 2004 - Criterion Development Partners today announced the appointment of John J. Englert as Executive Vice President and Principal.

A former area managing partner with JPI Partners, Inc., Englert also has additional real estate development and permitting experience, including work with the Toll Brothers, Inc. and the Princeton, New Jersey-based law firm of Jamieson, Moore, Peskin and Spicer.

Englert has teamed with three other former JPI executives to form Criterion Development Partners, a real estate operating company specializing in the development, construction management, asset management and disposition of multifamily communities. The newly-formed company currently has offices in Dallas and Boston.

"Criterion believes that it takes an experienced, knowledgeable and motivated group of professionals to identify and capitalize on the market niche where they can uniquely add value,” said Criterion President and Principal W. Pretlow Riddick. “Based on our prior experience working together and identifying high value development opportunities, we believe this management team will produce projects that yield superior returns and service for our loyal customers, investors, vendors, and employees."

Englert has a Bachelors of Arts Degree in economics and psychology from Duke University, as well as a Juris Doctorate from Villanova University School of Law and is a member of the Massachusetts Bar Association.

Englert lives with his wife and four children in Dover, MA.

About Criterion Development Partners
Criterion Development Partners is a real estate operating company specializing in the development, construction management, asset management and disposition of multifamily communities. Over the next five years, Criterion expects to develop more than $800 million in multifamily assets. Dedicated to conducting all business with utmost honor and integrity, Criterion’s mission is to enhance and maximize the value of its assets for partners, lenders, investors and employees. With offices in Dallas and Boston, Criterion is actively seeking multifamily development opportunities in New England and Texas. www.criteriondp.com

Contact:
Leah Ekmark
C. Pharr & Company for Criterion
(972) 931-7576 Ext. 22 or Leah@PharrPR.com