Arden Group, Inc. (Public - NASDAQ:ARDNA) is a holding company, which conducts operations through its wholly owned subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair’s wholly owned subsidiary, Gelson’s Markets (Gelson’s), which operates supermarkets in Southern California. The Company also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. (Mayfair Realty), which is wholly owned by the Company and Arden-Mayfair. As of December 31, 2011, Gelson’s operated 18 full-service supermarkets in Southern California, which carry both perishable and dry grocery products. Gelson’s also operates a distribution center in the City of Commerce, California.