Boston, MA, March 27, 2007

Intercontinental Real Estate Corporation Appoints Michelle O’Neil to Officer in the Institutional Services Group

Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development and management firm headquartered in Boston, MA, announced the appointment of Michelle O’Neil to Officer in the Institutional Services Group.

Ms. O’Neil is responsible for working with the client service team to manage relationships with consulting firms, maintain industry database accuracy, respond to Request for Proposals, and aid in client relationship management.  Prior to joining Intercontinental, Ms. O’Neil was an Associate at Cambridge Associates, where she was responsible for performing detailed quarterly analysis of alternative asset funds.  While at Cambridge Associates, Ms. O’Neil was a hard assets specialist, focusing on investments in the real estate, energy, and timber markets.

Ms. O’Neil earned her B.S. in Economics from Trinity College.

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 $1.6 billion for its clients and is actively seeking opportunities to invest in core, core plus as well as value oriented development projects.