Boston, MA, February 20, 2008

Intercontinental Announces the Appointment of Kimberly Reny to Assistant Asset Manager

Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development and management firm headquartered in Boston, MA, announced the recent appointment of Kimberly Reny to Assistant Asset Manager.

Ms. Reny supports the Asset Management Team on all operations associated with commercial and residential properties owned and operated by Intercontinental.  Ms. Reny’s primary focus is related to assets located within New England.

Prior to joining Intercontinental, Ms. Reny was a Leasing and Sales representative for Trilogy Luxury Residential Rental Complex in Boston.  In this role, she performed market research and assisted with marketing new and existing rentals.  Previously, she worked as a Marketing Representative for DeBeer Lacrosse.  Her responsibilities included: planning and managing marketing presentations throughout the Eastern territory, organizing travel, and generating financial summary reports.  Ms. Reny holds a BA in Economics from the University of Albany.

Intercontinental Real Estate Corporation is an SEC registered investment adviser and real estate operating company with expertise in real estate investment, development, construction management, and asset management. The company has developed, managed and owned over $4 billion in real property assets across all property types including commercial, mixed use, hotel, recreational and residential projects.  Presently, Intercontinental owns and manages a portfolio in excess of $2 billion for its clients and is actively seeking opportunities to invest in core, core plus as well as value oriented development projects.

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