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

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

AT WEBER SHANDWICK:
Laurel Krome
Media Contact
312-988-2044

Craig Bloomfield
General Information
312-640-6720

FOR IMMEDIATE RELEASE
May 1, 2003

PM REALTY GROUP AWARDED EXCLUSIVE PROPERTY MANAGEMENT ASSIGNMENT FOR NESTLE' BUILDING IN GLENDALE

PM Realty Group Expands L.A.-Area Portfolio By
More Than 1 Million Square Feet in March

Los Angeles, CA – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, announced today it has been awarded an exclusive property management assignment for Nestle' Building, a Class A office building located in Glendale, California. The property owner, Wells Real Estate Funds, awarded the assignment.

Nestle' Building is a 21-story, 505,000-square-foot office building located at 800 N. Brand Street. The property is considered one of the most prominent buildings in the Los Angeles County submarket, conveniently located near highway CA-134. Nestle' Corporation occupies the entire building.

"PM Realty Group was selected for this assignment based on our commitment and philosophy of providing outstanding customer service to our clients," said Jim Proehl, Senior Vice President and Director of the Western Division of PM Realty Group. "We are committed to upholding our unmatched level of customer service, quality and teamwork throughout Southern California.”

In March, with the addition of the Nestleì Building, PM Realty Group expanded its Southern California leasing and property management portfolio by 1 million square feet.

Terry Thompson, Vice President, Southern California, oversees all account management duties for the building. Toni Reed serves as Property Manager. John Rowen, Vice President of Engineering, and Brad Brizee, Chief Engineer, oversee all engineering operations at the property.

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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