PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
Bill Goeke
SVP/Director
Southeast Division
(713) 209-5805

AT THE FINANCIAL RELATIONS BOARD:
Greg Farley
Media Contact
312-640-6778

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Jan 4, 2000

PM REALTY GROUP AWARDED EXCLUSIVE PROPERTY MANAGEMENT CONTRACT FOR MAITLAND GREEN I & II IN ORLANDO

ORLANDO, FL - PM Realty Group, one of the nation's leading full-service commercial real estate firms, today announced that it has been awarded the exclusive cost plus engineering assignment for the Maitland Green I & II office complex in Orlando by Chicago-based RREEF Funds. The assignment is the third awarded to PM Realty Group by RREEF Funds and expands the firm's regional portfolio to 3.3 million square feet.

Under the direction of Bill Goeke, senior vice president and director of PM Realty Group's Southeast division, Bert Locke, senior property manager, will oversee day-to-day engineering at the properties.

Maitland Green I, a 3-story building totaling 110,588 square feet, and Maitland Green II, a 4-story building totaling 83,890 square feet, comprise the Class A office complex located in the Orlando suburb of Maitland, Florida. Totaling 194,478 square feet, the complex currently is 92 percent occupied.

"In addition to expanding our presence and management track record in Central Florida, we look forward to the continued development of a long-term relationship with a top-tier owner and investor like the RREEF Funds," said Goeke.

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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