Forum Partners Closes on €443 Million (US$572 Million)

Jan. 30, 2009

GREENWICH, CONN. — Atlantic-Pacific Capital, Inc., is pleased to announce the final closing of Forum European Realty Income III (the "Fund" or "FERI III") on €443 million (US$572 million). FERI III attracted commitments from 15 institutional investors across the United States andEurope. Atlantic-Pacific Capital acted as exclusive global placement agent.

FERI III represents Forum Partners’ third investment vehicle aimed at private and listed real estate operating companies located throughout Europe. The Fund continues Forum’s strategy of investing across a portfolio company’s capital structure through privately-negotiated structured equity and debt securities.

About Atlantic-Pacific Capital, Inc.

With offices in North America, Europe and Asia, Atlantic-Pacific Capital, Inc., is the largest independent global placement agent solely dedicated to raising capital for alternative investment funds and direct private placement transactions. Typical projects include private equity, real estate and hedge fund placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised in excess of $33 billion for its clients and has developed relationships with over 4,000 alternative investors worldwide.

About Forum Partners

Forum Partners, a global real estate investment and asset management company with over 50 employees in six offices across Europe, North America and Asia, manages over $2 billion on behalf of institutional and individual investors worldwide. Forum specializes in privately-negotiated structured equity and debt investments in real estate companies throughout Europe and Asia. Established in 2002 by Russell Platt, Andrew Walker, and Caroline McBride, Forum Partners is wholly-owned by its partners and employees. Forum’s senior partners have an average of 25 years of experience in real estate, corporate finance, and real estate capital markets, including analysis of, and investment in, European real estate companies. Forum Partners has invested in over 70 separate companies located in 21 countries across Europe and Asia. For more information, visit www.forumpartners.com.