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

AT PM REALTY GROUP:
Jim Proehl
SVP/Director
Western Division
(949) 794-171

AT THE FINANCIAL RELATIONS BOARD:
Gillian Coffey
Media Contact
(312) 640-6689

John Corey
General Information
(312) 640-6797

FOR IMMEDIATE RELEASE
Nov 6, 2000

PM REALTY GROUP AWARDED EXCLUSIVE MANAGEMENT ASSIGNMENT FOR PRIME SAN FRANCISCO PROPERTY TOTALING 429,000 SQUARE FEET

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 388 Market Street by owner Honorway Investment Corporation. The property consists of 429,000 square feet of Class “A” office and multi-family space.

Under the direction of Jim Proehl, Senior Vice President and Director of PM Realty Group’s Western Division, the firm’s Northern California management team will be led by Senior Vice President, Scott Kuklish.

Located in the heart of downtown San Francisco, 388 Market Street is a 26-story building consisting of prime office, retail and apartment space. This is the latest in a series of collaborations between PM Realty Group and asset manager TMW Management L.L.C. and is indicative of the firm’s ever-growing presence in the downtown area. Major tenants include Barclays Bank, Chicago Title and First Republic Bank.

“With this latest assignment adding a principal building to our portfolio, we are continuing to strengthen our presence in Northern California managing Class “A” properties,” said Proehl. “ We are delighted to have this opportunity to develop our relationship with Honorway Investment Corporation and we will strive to provide the highest quality service levels while operating the asset in the most cost-effective manner possible,” he added.

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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