MRA Group Announces Changes to its Senior Management Team
March 6, 2008

Plymouth Meeting, PA - In a strategic move to position itself into new facets of the regional commercial real estate market, MRA Group today announced that founder and former company president Lawrence J. Stuardi will assume the position of CEO, while Michael J. Sher has joined the company as president.

As CEO, Stuardi will be responsible for charting the strategic operations of MRA, while overseeing the structure and delivery of the varied services provided to clients. Prior to founding MRA, Stuardi served as a real estate developer for Rouse and Associates of Philadelphia, where he was responsible for land acquisition, planning and government approvals, financing, design, construction and management of one million square feet of projects. Stuardi holds a bachelors in business administration from Kutztown University and serves on the Board of Directors of Kutztown University and Team Capital Bank of Doylestown.

In his new position as President of MRA Group, Michael Sher will oversee the company's expansion into new geographic markets, will strengthen the company's internal operations and position the organization for continued growth. An experienced executive with more than 15 years of healthcare management experience, Sher comes to MRA Group from Temple University Health System, where he served most recently as vice president of real estate and facilities management. He holds a law degree from Temple University, a masters in health systems management from Rush University and a bachelor's in health policy and administration from Pennsylvania State University.

"Michael is a demonstrated leader in the areas of healthcare strategic planning, real estate facility planning and management/executive stewardship," says Stuardi. "His expertise and experience is a welcome addition to our team."

MRA Group is a multi-faceted real estate firm focused on acquisition, development and management of healthcare, academic and technology-related assets. Founded in 1992 by Larry Stuardi, MRA continues to be recognized as providing a unique combination of real estate acumen, coupled with knowledge and experience in the ever-shifting corporate and institutional real estae environments. Through hard work, dedication, and results-oriented focus, MRA has earned the trust and loyalty of clients, tenants and investors throughout the region.

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