Edgewater Retail Partners I, L.P. E2M Value Added Fund has invested in Edgewater Retail Partners I, L.P., to acquire a 14 acre site with an existing 141,335 square feet (SF) retail center located in Biloxi, Mississippi. Despite significant damage from Hurricane Katrina, the business plan calls for the redevelopment and expansion of the center which will eventually total 162,335 SF. The investment property is located near both Edgewater Mall and Edgewater Village which constitute the largest concentration of retail space along the coastal zone from New Orleans to Mobile. The firm has made this investment to take advantage of a unique market opportunity due to the lack of retail offerings in the Biloxi area. In December 2006, E2M refinanced this project under the Federal Gulf Opportunity (GO) Zone Act of 2005. These government-backed bonds, with favorable rates, will provide liquidity and increased returns to the portfolio.

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