Boston, MA, December 6, 2005

Intercontinental Real Estate Corporation Appoints William Bonina to General Ledger Accountant

Intercontinental Real Estate Corporation, a national real estate investment, development and management firm headquartered in Boston, MA, announced the appointment of William Bonina to General Ledger Accountant.

Mr. Bonina’s primary responsibilities for Intercontinental’s Accounting and Finance team include producing financial statements for fund reporting, preparing year-end work papers for third party audits and tax returns, conducting special projects, and maintaining and reconciling general ledgers. 

Prior to joining Intercontinental, Mr. Bonina was a Senior Accountant with Hospitality Properties Trust, where he was responsible for the accounting activities of 189 hotels.  Previously, Mr. Bonina was a Senior Property Accountant for over ten years at Hines, a national real estate development firm headquartered in Houston, Texas.  At Hines, Mr. Bonina performed all accounting activities for two mixed-use buildings with over 1 million square feet of net rentable space.  Mr. Bonina earned a B.S. in accounting from Fitchburg State 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 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.

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