Boston, MA, September 9, 2008

Intercontinental Real Estate Corporation Appoints Deborah Bennett to Assistant Asset Manager

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

Ms. Bennett assists in the asset management of Intercontinental’s national portfolio of commercial office, retail, and multi-family properties.  Her responsibilities include: assisting in writing monthly and quarterly management reports; performing valuation analyses of leases and projects; reviewing and analyzing operating budgets; and administering leases.  In addition, Ms. Bennett also assists in the acquisition process for new out-of-state investments.

Prior to joining Intercontinental, Ms. Bennett worked for CB Richard Ellis as an Assistant Real Estate Manager on a mixed portfolio of Class A office and industrial buildings for various owners in Newport Beach and throughout Orange County, California.  Previously, she worked at Boston Properties as a Tenant Coordinator supporting several Property Managers on a large portfolio of suburban office buildings.  Ms. Bennett holds a B.A. from the University of Rhode Island and is currently pursuing a certificate in Commercial Real Estate from Boston University.

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 manages a portfolio in excess of $2.2 billion for its clients and is actively seeking opportunities to invest in core, core plus as well as value oriented investments.