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

AT PM REALTY GROUP:
Jim Proehl
SVP/Director
Western Division
949-794-1716

AT THE FINANCIAL RELATIONS BOARD:
Gillian O'Donoghue
Media Contact
312-640-6689

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Mar 13, 2000

PM REALTY GROUP AWARDED PROPERTY MANAGEMENT ASSIGNMENT FOR 500 SANSOME STREET IN SAN FRANCISCO

PM Realty Group Responds Quickly to Transition Management of Property; Firm Continues to Expand Presence in Downtown Market

San Francisco - PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced that it has been awarded the exclusive property management assignment for 500 Sansome Street by WCB Properties, authorized agent for the building’s owner, WXI/SAN Realty, L.L.C. PM Realty Group took over management of the property just two days after the assignment was given, a testament of the firm’s ability to quickly transition individual assets and large portfolios.

PM Realty Group’s San Francisco-based management team will be led by Sonny O’Drobinak, vice president and northwest regional manager. Jim Proehl, senior vice president and director of PM Realty Group’s Western Division, will oversee the project and ensure quality control.

500 Sansome Street is a 9-story office building located in the heart of downtown San Francisco. The 71-year-old, vintage building encompasses more than 148,000 square feet and is currently 100 percent occupied. Major tenants include Pluntree Software, Jacobs Associates, and Tobin & Tobin.

“Based on our past performance with the owner, our experience in downtown San Francisco and our proven property management systems and procedures, we were ideally suited to quickly take over duties for 500 Sansome in the two days needed for the transition,” said Proehl.

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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