FOR IMMEDIATE RELEASE

KRASNOW NAMED COO OF ARA FLORIDA

NY Commercial Real Estate Vet Tapped to Grow Fla. Business

BOCA RATON, Fla. – February 20, 2007 –Apartment Realty Advisors (ARA), the nation’s leading multihousing brokerage and investment advisory company, today announced Kenneth Krasnow as chief operating officer for Florida.

Krasnow will leverage ARA’s existing brand and strong client base to grow the company geographically across the state and continue to develop service areas including private client, mid-market and land specialties, and capital market advisory services including debt/equity placement.

“The South Florida market has experienced an extended period of dynamic growth,” said Krasnow. “ARA has a unique opportunity to take advantage of their established credibility and grow as the demographics in the state change with more people and development moving west and north throughout Florida. We won’t be reactionary—we’re going to get ahead of the curve so that our clients can do the same.” The company recently opened an office in Tampa and is actively scouting sites for the company’s soon to be announced Orlando office.

Krasnow was previously an executive vice-president with Trammell Crow Company in New York City where he was responsible for the overall direction and growth of the tri-state brokerage unit. Prior to that, Krasnow was the Executive managing director and New York Area Leader for Cushman & Wakefield.

“ARA is driving the change in how commercial and multifamily real estate is serviced,” said Krasnow. “Our proprietary business model openly shares information across people, geography and technology enabling both specialization and collaboration. In today’s business world, that’s both a differentiating factor and a recipe for growth.”

To schedule an interview with Krasnow or for more information about Apartment Realty Advisors, please contact Jason Jansky at or 303-684-0300 x122.

About Apartment Realty Advisors (ARA)

Apartment Realty Advisors (ARA) is the largest privately held, full-service investment advisory brokerage firm in the nation that focuses exclusively on the multihousing industry.ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions.ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry.The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace resulted in $8.4 billion in real estate transactions in 2006.For detailed information on ARA’s extensive multihousing investment services, visit

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MEDIA CONTACTS:

Jason Jansky

LinnellTaylor Marketing

(303) 684-0300 ext. 122