Press Releases

BPG PROPERTIES, LTD. HIRES VICE PRESIDENT IN WASHINGTON, D.C. REGIONAL OFFICE

<p><b>Washington, D.C. – (June 1, 2009) – </b>BPG Properties, Ltd. (BPG), one of the nation’s leading private equity real estate fund managers, announced the appointment of Brian J. Fitzgerald as vice president and head of the firm’s Washington, D.C. Regional Office.</p> <p>“Brian is a seasoned professional with over 25 years of experience in leasing and redeveloping commercial real estate in the Washington, D.C. region,” commented Stephen M. Spaeder, senior vice president of BPG. “We are pleased to welcome him to the team and look forward to leveraging his experience in this important region.”</p> <p>Mr. Fitzgerald will be responsible for directing the redevelopment, leasing and management of BPG’s Washington, D.C. portfolio and overseeing the firm’s regional office staff of asset managers, development professionals and property managers.</p> <p>Prior to joining BPG, Mr. Fitzgerald was the senior vice president and director of leasing at The JBG Companies, where he was responsible for overseeing the development and leasing of eight million square feet of existing commercial space and more than ten million square feet of future development projects. Prior to joining JBG, Mr. Fitzgerald worked for the Washington Real Estate Investment Trust as a managing director responsible for the leasing of a 60 building, eight million square foot portfolio. He started his commercial real estate career in 1984 with the Smithy Braedon Company.</p> <p>Mr. Fitzgerald is a licensed real estate broker in Maryland and Virginia. He serves on the board of directors for the National Association of Industrial and Office Properties (NAIOP) of Northern Virginia and is a senior advisory council member for the Greater Washington Commercial Association of Realtors. He is also on the Real Estate Round Table for the Trust for the National Mall.</p> <b>About BPG Properties, Ltd.</b><br> BPG Properties, Ltd. is one of the nation’s leading private equity real estate fund managers. BPG’s portfolio consists of over 20 million square feet of office, retail, student housing, and industrial properties and more than 25,000 apartment units in more than 100 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.<br> <br> <b>For additional information on BPG Properties, Ltd., please contact:</b><br> Holly Reynolds, Vice President, 215-575-2363