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CASTO Lifestyle Properties, an affiliate of Columbus, Ohio-based CASTO, was recently the focus of a Plots & Ploys story in The Property Report section of The Wall Street Journal. The story detailed a partnership the company entered into with JPMorgan Asset Management's Strategic Property Fund and explained why each party found the other a perfect fit.

As the story explains, Casto Lifestyle has resisted institutional partners, but Mr. Hutchens says J.P. Morgan "gets" mixed-use development. Hilary Spann, a J.P. Morgan Asset Management vice president, said the deal would "expand our access to some of the most dynamic markets in the country for mixed-use lifestyle investment.

Casto Lifestyle Properties, an affiliate company of CASTO, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. Current projects include the firm's redevelopment of the 524,000-square-foot Winter Park Village in Winter Park, Florida; One Hundred Central, a private-public partnership with the City of Sarasota, anchored by Whole Foods Market; Main Street at Lakewood Ranch, a 170,000 square-foot lifestyle center development located in the heart of the 28,000-acre Lakewood Ranch project; and Lakeside Village, a 500,000 square foot mixed-use lifestyle center located south of Lakeland, FL. CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers and multi-family residences, office buildings and corporate parks. CASTO's growing portfolio currently includes over 20 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the Midwestern and southeastern United States.

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