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:
Glenn Eden
Media Contact
(312) 640-6693

Craig Bloomfield
General Information
(312) 640-6720

FOR IMMEDIATE RELEASE
Mar 21, 2001

KOLL BREN SCHREIBER AWARDS PM REALTY GROUP
WITH MANAGEMENT AND LEASING ASSIGNMENTS
TOTALING 263,563 SQUARE FEET

Greater Dallas Management and Leasing Portfolio
Tops 3.8 Million Square Feet

Dallas - PM Realty Group today announced that it has been awarded exclusive property management and leasing assignments totaling 263,563 square feet of office space in Greater Dallas by Koll Bren Schreiber Realty Advisors, Inc., one of the premier pension fund advisor firms in the country.

PM Realty Group, one of the nation’s leading full-service commercial real estate firms, will oversee the property management and leasing responsibilities for Wells Fargo Bank Tower, a 142,627 square foot building located in Irving, TX and will conduct property management at the Travis Building, a 120,936 square foot property located in Dallas. With this assignment, PM Realty Group’s Dallas-area management and leasing portfolio now totals more than 3.8 million square feet.

The two-building assignment in Dallas was awarded shortly after a larger assignment from Koll Bren Schreiber in Houston, where PM Realty has been awarded exclusive management and leasing responsibilities for a 44-property portfolio totaling in excess of 4.25 million square feet. Although the two assignments were awarded separately, they both came as a result of Koll Bren Schreiber's review of its property management and leasing relationships in major Texas cities.

“We are extremely pleased that our track record as a service provider to Koll Bren Schreiber has led to an expansion of the relationship, in Dallas and elsewhere," said Bill Goeke, senior vice president and director of PM Realty Group’s Central Division. “These assignments reinforce PM Realty Group’s commitment to the Greater Dallas market to deliver a spectrum of value-added services to owners and tenants.”

Susan Davenport will oversee property management services for the Travis Building and Wells Fargo Bank Tower. Blake Box, vice president and director of leasing in Dallas, will oversee leasing of Wells Fargo Bank Tower.

About Koll Bren Schreiber Realty Advisors,Inc.

Koll Bren Schreiber Realty Advisors, Inc., (KBS), is a registered real estate investment advisor headquartered in Newport Beach, California.

KBS has successfully raised and invested over $4.5 billion totaling over 74 million square feet in more than 700 assets nationwide.

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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