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

AT PM REALTY GROUP:
James C. Gunn
Executive Vice President
Property Services
(713) 209-5800

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

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Oct 5, 1999

PM REALTY GROUP AWARDED PROPERTY
MANAGEMENT ASSIGNMENT

PM Selected To Manage Class A Trophy in Heart of Downtown San Francisco;
Contract Signals Firm's Renewed Management Presence in Vibrant Bay Area

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 333 Bush Street in San Francisco by TMW Management, LLC, authorized agent for the building's owner, ProVictor IV, LP. The firm was selected from among more than 14 local and national real estate firms vying for the contract.

PM Realty Group's San Francisco-based management team, led by Sonny O'Drobinak, vice president and northwest regional manager, and Bob DeJanes, on-site general manager, assumed management of the property on September 1, 1999. Jim Proehl, senior vice president and director of PM Realty Group's Western Division, will oversee the project and ensure quality control.

Designed by renowned architects Skidmore, Ownings & Merrill, 333 Bush Street is a 42-story, Class A office building located in the heart of downtown San Francisco. The 13-year-old building encompasses more than 550,000 square feet and is currently 90 percent occupied. Its prestigious tenant base reflects the city's major service industries, including Charles Schwab & Company; Heller, Ehrman, White & McAuliffe; AON; and Singapore airlines.

"We are delighted that TMW Management, LLC, chose PM Realty Group to manage 333 Bush Street," said James C. Gunn, executive vice president of PM Realty Group's Property Services division. "This is a trophy building with superb architecture, an ideal location and an owner committed to preserving the property's Class A standards. We look forward to working with them to achieve that goal."

"The San Francisco CBD is one of the most vibrant office markets in the country today," continued Gunn. "Our long-term strategy is to grow with existing clients and reach out to new prospects. With a solid management team in place combined with in-depth market knowledge, state-of-the-art systems and corporate resources, our future is promising in San Francisco.

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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