Boston, MA, July 24, 2006

Intercontinental Real Estate Corporation Appoints Christopher D. Boehm to Director, Research & Analysis

Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development and management firm headquartered in Boston, MA, announced the appointment of Christopher D. Boehm to Director, Research & Analysis.

Mr. Boehm is responsible for Intercontinental’s financial analysis, research, and due diligence as it relates to the company’s development, acquisition and disposition activities.  In this role, he performs feasibility studies, quantitative due diligence and in-depth analysis of all types of real estate investment opportunities and financings.  He also conducts real estate and economic research for the firm.  Prior to joining Intercontinental, Mr. Boehm was Vice President of Project Finance for Winn Companies in Boston, MA where he managed financial analysis, lender and joint venture relations, and coordinated with public agencies.  At Winn Companies, he focused primarily on the 1.4 million square foot mixed-use air rights development known as the Columbus Center.  Mr. Boehm has also served as Manager of Finance at Gilbane Properties in Providence, RI, as a Senior Associate in the Structured Finance Group at Spaulding & Slye Colliers in Boston, MA, and as Manager of Finance at The Taubman Company in Bloomfield Hills, MI. 

Mr. Boehm first worked for Intercontinental as an Analyst from 2002 – 2004.  “We are very pleased to have Chris working at Intercontinental again.  He is a valuable team member and will be a great asset to the Research & Analysis group,” commented Paul J. Nasser, CFO and COO of Intercontinental.  Mr. Boehm holds a BA from Northwestern University and an MBA in Real Estate and Entrepreneurship from Indiana University.  Mr. Boehm is an active member of the Urban Land Institute, a former Director of the Shrewsbury Development Corporation, an economic and real estate development corporation based in Shrewsbury, MA, and is a Board Member of the Worcester Jewish Community Center in Worcester, MA.

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 over $3 billion in real property assets across all property types including commercial, mixed use, hotel, recreational and residential projects.  Presently, Intercontinental manages a portfolio in excess of $1 billion for its clients and is actively seeking opportunities to invest in core enhanced properties and value oriented development projects.

Chaussures Homme J.M. Weston