Press Releases

DEAN HOLMES NAMED CHIEF OPERATING OFFICER AT MADISON APARTMENT GROUP, L.P.

<p><b>PHILADELPHIA, PA – (July 26, 2011) –</b>BPG Properties, Ltd., one of the nation’s leading private equity fund managers, has announced that Dean Holmes has been appointed chief operating officer of Madison Apartment Group, L.P. the firm’s multifamily operating arm. In this role, Mr. Holmes will be responsible for the management and operations of the firm’s national portfolio of nearly 19,000 units in 16 markets across the United States. </p> <p>“We are thrilled to have an executive of Dean’s caliber join the leadership team here at Madison,” said Joseph Mullen, president of Madison Apartment Group. “His in-depth industry experience, skilled management approach and track record of success will add tremendous value to our growing portfolio.” </p> <p>Mr. Holmes has over 23 years experience in the multifamily industry. Prior to joining Madison Apartment Group, Mr. Holmes served as Division Vice President from 2001 to 2011 for Berkshire Property Advisors, where he oversaw over 16,000 units in multiple markets across the Eastern United States. Prior to that, Mr. Holmes spent six years with Realty Management Services Inc. in Bethesda, Maryland, where he was Vice President of Property Management for the firm’s 14,000 unit portfolio.</p> <p>Mr. Holmes holds B.S. and M.S. degrees from the University of Maryland and is a veteran of the U.S. Air Force. He is a Certified Property Manager candidate with the Institute of Real Estate Management. Mr. Holmes is a frequent industry speaker and a member of numerous trade associations including the Maryland Multi Housing Association and the Property Management Association of Washington, D.C.</p> <b>About BPG Properties</b><br> BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers. BPG’s portfolio consists of over 24 million square feet of office, retail, student housing, and industrial properties and nearly 19,000 apartment units in over 70 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at www.bpgltd.com.<p> <b>For additional information on BPG Properties, Ltd., please contact: </b><br> Joseph G. Nahas, Jr, Vice President, 215-575-2363<p> <b>About Madison Apartment Group, L.P.</b><br> Since Madison Apartment Group was formed in 2001, its multi-family holdings have increased to nearly 19,000 units located in 16 states throughout the United States. For additional information, please visit the company’s website at www.maglp.com<p> <b>For additional information on Madison Apartment Group, L.P., please contact: </b><br> Joseph F. Mullen, President and Chief Executive Officer, 215-575-2429