Commercial Real Estate Industry Veterans Launch New Investment Firm to Acquire Distressed Debt and Retail Properties

LOS ANGELES, CA - July 13, 2009 - Commercial real estate industry veterans, Leslie Lundin, Doug Beiswenger and David Goldman have announced the formation of LBG Realty Advisors, LLC, a privately-held, vertically integrated real estate company that has been established to buy distressed debt and retail properties and make joint venture equity investments in the western United States. To form LBG, Lundin, who was formerly the SVP, National Director of Originations for Inland Mortgage Capital Corporation, partnered with Beiswenger and Goldman, principals of Allied Retail Partners, LLC. LBG is unique in the investment world as one of the few investment firms that are woman-owned and have principals with backgrounds in all facets of real estate, including finance, investments, development, operations and retail leasing. Each principal brings an average of 20 years experience specializing in entrepreneurial and uniquely complex ventures, having executed on over 100 transactions (all opportunistic) and typically yielding above market returns. LBG is well positioned to take advantage of the current economic climate by employing disciplined investment strategies and maintaining an innovative and dynamic approach to identifying, evaluating, and closing deals. Furthermore, the company is uniquely qualified in the value add retail investment arena and will leverage its principals - extensive real estate experience, local property knowledge and network of real estate professionals. LBG is in the process of raising $250 million in equity for its new high-yield real estate opportunity fund which is scheduled to close in late 2009 for 2010 - 2013 investing. Of the future market prospects, Lundin believes that