"The partners of Pacific Property Company are thrilled to welcome Robin aboard", noted Rory Gardner, Pacific's Managing Director. "We consider it a coup to have a senior executive of her caliber to oversee our portfolio as we continue to expand our firm. Ms. Batra's 20 years of market experience in both the Washington, DC market and additional eastern markets will enhance the execution of our strategic growth initiative: to grow our multifamily investment portfolio throughout the East Coast."

Prior to joining Pacific, Ms. Batra most recently held the position of Vice President of Asset Management with Sun-America, where she oversaw a multi-state portfolio exceeding 13,000 units. In addition, Ms. Batra's experience includes serving as the President of KSI Management Corporation in McLean Virginia, where she oversaw the property management division, ultimately responsible for managing an 8,000 unit portfolio.

Pacific opened its presence in Washington, DC in February 2007 and has already closed on its first investment. While unable to disclose particulars regarding the transaction due to a confidentiality clause, Gardner noted that Pacific's initial investment represents precisely what the firm is seeking "quality assets in supply constrained locations proximate to employment centers. Our first acquisition in the region demonstrates the type of 'win / win' scenario Pacific can offer a seller, in which our entrepreneurial structure allowed for an aggressive due diligence period on an asset with both deferred maintenance and excess vacancy issues. In addition, our balance sheet strength provided for an accelerated closing period, which was critical to the seller." Gardner observed the investment size in excess of $50,000,000 and "a few hundred units in a compelling location." Pacific anticipates acquiring an additional $100,000,000+ of multifamily product over the next twelve months in the Washington, DC area and opening additional offices along the East Coast.

Prior to opening of the Washington office, the nine year old private multifamily investment firm had focused investment activity throughout California and the Pacific Northwest, acquiring both value and core assets valued in excess of $2 billion on a cost basis.

Pacific Property Company is a privately owned multifamily investment company seeking to acquire attractive apartment investment opportunities throughout the United States, with a focus on California, the Pacific Northwest, and coastal markets in the eastern United States. Formed in 1998, Pacific has a current portfolio in excess of 8,000 units with a cost basis exceeding $1.2 billion.