Boston, MA, December 20, 2006

Intercontinental Real Estate Corporation Appoints Jeffrey Jackson to Associate, Acquisitions

Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development and management firm headquartered in Boston, MA, announced the appointment of Jeffrey Jackson to Associate, Acquisitions.

Mr. Jackson is responsible for assisting in the analysis, due diligence, and closing of Intercontinental’s acquisitions.  He is directly responsible for acquisition opportunities in New England, New York, and New Jersey for Intercontinental’s U.S. Real Estate Investment Fund, LLC. 

Prior to joining Intercontinental, Mr. Jackson worked for Samuels & Associates, a Boston based real estate development company.  Focused on the Northeast, Southeast and Midwest markets, Mr. Jackson conducted valuation, capitalization and return analyses, market analysis and due diligence for joint venture acquisitions, dispositions and land development deals.  Prior to joining Samuels & Associates, Mr. Jackson worked as a financial analyst in Citigroup’s Real Estate & Lodging Investment Banking Group.  While working for Citigroup, Mr. Jackson conducted corporate and property level valuation, capitalization, merger accretion / dilution and LBO analyses in an effort to ascertain the merits of proposed financial transactions for the company’s clients. 

Mr. Jackson earned his BS with honors in Finance from Hampton University where he was a member of the Men’s Division I Varsity Basketball team. 

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 built, 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 $1.6 billion for its clients and is actively seeking opportunities to invest in core enhanced properties and value oriented development projects.