Boston, MA, November 29, 2005

Intercontinental Real Estate Corporation Appoints Kevin Darling to Associate Director, Acquisitions

Intercontinental Real Estate Corporation, a national real estate investment, development and management firm headquartered in Boston, MA, announced the appointment of Kevin Darling to Associate Director, Acquisitions.

Mr. Darling’s primary responsibilities for Intercontinental’s Acquisition team include the identification, solicitation, underwriting and execution of office, industrial, retail and multi-family acquisitions for Intercontinental sponsored Funds. Prior to joining Intercontinental, Mr. Darling spent twelve years with Boston Properties where he served as an Acquisitions Manager and was responsible for sourcing, underwriting, and performing due diligence on core and value-added commercial real estate acquisitions.  During his tenure in the acquisitions group at Boston Properties, the company acquired over $6.4 billion in assets.  Mr. Darling also worked in various departments within the Acquisitions and Capital Markets group including: debt financing, corporate finance, financial analysis and accounting. 

A native of Massachusetts, Mr. Darling is a 1993 graduate of Colby College in Waterville, Maine where he received his B.A. in Business Administration and was captain of the Colby baseball team.  He is an active member of the National Association of Office and Industrial Properties (NAIOP), the Real Estate Finance Association (REFA) and has been a volunteer “Big Brother” for the last five years.

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.