Our growth is a natural result of the company growing and us working within our charter. No one will start cheering if we grow faster [alone]. That is in no one's best interest.

The redevelopment of Laurel Mall will certainly benefit from a large company like General (Growth), which has major contacts with most retailers, and deals with them in multiple leases from a number of locations.

We expect to make changes after the meeting in May.

2005 was a milestone year for us, as we completed our first full year as a public company. Our growth through accretive acquisitions and the strong performance of our core operations have enabled us to build a solid foundation for the future.

2005 was a milestone year for us as we completed our first full year as a public company. Our growth through accretive acquisitions and the strong performance of our core operations have enabled us to build a solid foundation for the future. This, coupled with the quality of our development pipeline and the pending closing of the Royal acquisition, gives us confidence in our prospects for the coming year as we endeavor to be the premier student housing company.

Typically a company will look at acquisition strategies when their growth starts to slow but there's no slowing down at Dell.