Carl E. Kraus

CARL E. KRAUS has been Senior Vice President, Chief Financial
Officer and Investment Officer and Treasurer of Kramont Realty
Trust since April 1, 2002. Mr. Kraus joined Kramont from Philips
International Realty Corp., where he served as Chief Financial
Officer for the New York-headquartered shopping center real
estate investment trust from 1999 to 2002. Previously, Mr. Kraus
held a variety of executive positions with shopping center and
commercial real estate development companies, including The
Brandywine Group (Chadds Ford, Pennsylvania) and Radnor
Corporation (Radnor, Pennsylvania), owned by Sung Oil Co., where
he spent 16 years, rising from Controller to President. He began
his professional career in the Philadelphia office of the major
international public accounting firm, Price Waterhouse, reaching
the position of Senior Auditor. Mr. Kraus graduated from Temple
University, Philadelphia, and is a Certified Public Accountant.