Released By Crescent Resources News Release
March 13, 2001

CRESCENT RESOURCES, LLC ANNOUNCES EXECUTIVE PROMOTION FOR BURR

Charlotte, N.C., March 13, 2001… Edward E. (Ed) Burr has been promoted to senior vice president, it was announced by Tom Webb, Crescent senior vice president of residential real estate. Burr, who retains the title of president and CEO of LandMar Group, LLC, is responsible for leading the Florida-based residential real estate venture formed by Crescent Resources and LandMar in 1999.

"Under Ed’s remarkable leadership, the LandMar Group has created some of the finest residential communities in the Jacksonville area," said Tom Webb. "This is a well-deserved promotion for Ed."

Prior to forming LandMar in 1987, Burr, a certified public accountant (CPA), was a consultant for privately and publicly held real estate developers.

A graduate of Florida State University, Burr is a long-time advocate for bettering the lives of children. He serves on the boards of The Children’s Crisis Center Inc., Fresh Ministries, Police Athletic League and The Monique Burr Foundation for Children. He is an active member of the Jacksonville Chamber of Commerce, the National Association of Home Builders and the Northeast Florida’s Builder’s Association.

LandMar is currently developing the following communities in Florida: South Hampton in St. Johns County, North Hampton in Nassau County, Hampton Park in Jacksonville, Grand Haven in Palm Coast and The LandMark Condominiums in Jacksonville Beach. Additionally, LandMar is in the planning stages on several other communities including two country club communities in the Tampa area.

Crescent Resources, LLC is a land management and real estate development company based in Charlotte, N.C. Formed more than 30 years ago by Duke Energy, the company has land interests in eight states in the southeast and western United States. Crescent creates award-winning country club communities, neighborhoods, apartment and condominium communities, Class A office space, business and industrial parks and shopping centers. More information about Crescent Resources is available on the Internet at www.crescent-resources.com

Among Crescent’s country club communities are Sugarloaf Country Club near Atlanta; Oldfield in Hilton Head, S.C.; and Ballantyne Country Club, The Peninsula and The Point in the Charlotte, N.C., area. Crescent has developed numerous neighborhoods on Lake Norman, Lake Wylie and Mountain Island Lake near Charlotte, on Lake Keowee in the South Carolina mountains near Clemson, and on Lake James in the North Carolina mountains near Morganton. The company is also involved in the country club communities of Chaparral Pines and The Rim in Payson, Ariz. The company also has developed approximately 12 million square feet of commercial and industrial space in cities such as Charlotte; Nashville, Tenn.; Tampa, Fla.; Orlando, Fla.; Washington, D.C.; and Atlanta.

 

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Contact: Ed Burr, Crescent Resources
Phone: 908/998-8300
24 Hour Phone: n/a
Email: eeburr@landmargroup.com
Contact: Tonja Jones, Crown Communications
Phone: 704/376-3434
24 Hour Phone: n/a
Email: n/a