NEWS RELEASE

Gebroe-Hammer Associates

2 West Northfield Road
Livingston, New Jersey07039

Media Contact:Carin McDonald / (201) 796-7788 /

GEBROE-HAMMER ASSOCIATES PROMOTES FOUR SALES ASSOCIATES TO VICE PRESIDENT POSITIONS

Appointments Recognize Outstanding Performance

LIVINGSTON, N.J.– Jan. 28, 2013–Gebroe-Hammer Associates, a Livingston-based multi-family investment brokerage firm, has named four sales associates to executive management positions, announced President Ken Uranowitz. Steven Follman, Stephen Tragash and Nicholas Nicolaou have been appointed vice president while Debbie Pomerantz has been promoted to assistant vice president.

“This group of real estate professionals has become invaluable to our firm, and each has helped to strengthen Gebroe-Hammer’s presence as an industry leader,” said Uranowitz. “As a company, we have a strong commitment to growing leadership from within our organization, and look forward to the continued success each one of these individuals will bring to their new roles. With these four promotions, we are even better positioned to serve new and existing clients in the years to come.”

Follman has been with Gebroe-Hammer for nine years, playing a key role in expanding the firm’s activities in the Ocean and MonmouthCounty submarkets. His recent achievements include brokering the $16.1 million sale of 110 units at Dover Chase Apartments in TomsRiver, as well as the $6.9 million sale of Kingsley Arms Apartments, a 98-unit property in Asbury Park. He also helped arrange two real estate-owned multi-family property trades totaling 63 units in Asbury Park. Follman previously earned both the Morris Hammer Salesperson of the Year and Robert Ploshnick Deal of the Year awards.

In less than five years as a multi-family investment broker, Tragash has emerged as one of the region’s most prominent urban market specialists. Since joining Gebroe-Hammer in 2008, he has spearheaded the firm’s record-breaking activity and dominance in UnionCounty. During this short period of time, he has orchestrated $100+ million in sales involving more than 1,000 apartment-rental and retail units. Tragash has been instrumental in facilitating several of the firm’s most high-profile transactions on behalf of a wide range of clients in market and off-market transactions.

Nicolaou, who joined Gebroe-Hammer’s training and mentoring program three years ago, specializes in investment real estate sales throughout New Jersey’s urban markets along the Hudson River Waterfront. At the close of his first full year, he ranked among the firm’s top three brokerage professionals in terms of production when he orchestrated transactions exceeding $32 million. Nicolaou continues to forge strong relationships with some of the most prominent multi-family property owners, investors, lenders and attorneys in the region. In the past 12 months, he has closed more than $34 million in transactions throughout Northern New Jersey.

Pomerantz joined Gebroe-Hammer in 2011 to focus on Northern New Jersey’s Bergen and Passaic county markets. During her tenure, she has closed sales involving more than 412 units netting over $31.505 million. Demonstrating a strong combination of client service, deal-structuring and relationship-building skills, Pomerantz consistently obtains a high velocity of exclusive listings. In the past six months alone, she has orchestrated the sale of more than 110 units in Paterson.

Gebroe-Hammer Associates specializes in suburban and urban high-rise, mid-rise and garden-apartment properties throughout New Jersey, New York and Pennsylvania, including Philadelphia. The firm also markets mixed-use and free-standing office and retail properties on behalf of a wide range of long-term clients, including private owners, REITS, private equity firms and other institutional investors. Widely recognized for its consistent sales performance, Gebroe-Hammer is an eight-time CoStar Power Broker.

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About Gebroe-Hammer Associates

PHOTO CAPTION: Pictured top row (l-r): Steven Follman, Stephen Tragash; pictured bottom row (l-r): Nicholas Nicolaou, Debbie Pomerantz