Announcing the Opening of PPC's Washington DC Office

Media Contact: René Bilodeau | 202.580.6450

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Jaunary 16, 2007

Pacific Property Company is pleased to announce the opening of its Washington DC office.

Formed in 1998, The Pacific Property Company acquires strategic real estate investment opportunities in the apartment sector. With offices in Palo Alto, Westwood, Irvine, San Diego, Seattle and now Washington, DC, Pacific targets investments in major metropolitan areas of the United States. Desired investments are characterized by proximity to employment centers and commute corridors. Anticipated investment hold
periods are between two and five years.

Since its inception, Pacific Property Company has acquired 16,000 units with a cost basis exceeding $2 billion dollars. This aggressive buying power has earned Pacific the distinction of being one of the top five apartment buyers on the west coast. Over the next few years Pacific anticipates earning a similar distinction on the east coast, commencing in Washington, DC.

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For additional information please contact:
Rory Gardner
Pacific Property Company
1701 Pennsylvania Ave NW, Ste 300
Washington, DC 20006
T 202.580.6540 | F 202.580.6541
rgardner@pacificpropertyco.com