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

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

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

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Dec 9, 2003

PM REALTY GROUP AWARDED MANAGEMENT ASSIGNMENT FOR FAIRWAY CENTER II IN ORANGE COUNTY

Wells Real Estate Fund Selects PM Realty Group for Property Management and Construction Management of the 135,000-Square-Foot Building

ORANGE COUNTY – PM Realty Group, one of the nation’s leading full-service commercial real estate firms, today announced it has been selected to provide exclusive property management and construction management services to Fairway Center II in Brea, California. The assignment was awarded by the owner of the building, Wells Real Estate Fund.

Located at 675 Placentia Avenue, Fairway Center II is a three-story, 135,000-square foot office building in northern Orange County. The building houses two tenants with one tenant, Continental Casualty, occupying approximately 80 percent of the total space. Fairway Center II offers a two-story parking garage and is in close proximity to the 57 Freeway and the Imperial Highway in Brea.

Shirley Bernard, Property Manager, leads the on-site management team, working under the direction of Marc Fertig, General Manager, and Terry Thompson, Vice President of Southern California operations at PM Realty Group.

“This assignment is testament to PM Realty Group’s continued relationship with Wells Real Estate Fund,” said Jim Proehl, Senior Vice President and Director of the Western Region at PM Realty Group. “We are honored to have been awarded this exclusive assignment.”

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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