2007'02.04.Sun
Mercury Hires UBS Co-Head of Asia Real Estate Research

July 25, 2006

GREENWICH, Conn., July 25 /Xinhua-PRNewswire/ -- Mercury Real Estate Advisors LLC, an affiliate of Mercury Partners LLC ("Mercury"), a global real estate investment management firm based in Greenwich, CT, with offices in Hong Kong and Singapore, sent the following letter today to its institutional investors. Mercury Real Estate Advisors LLC 100 Field Point Road Greenwich, Connecticut 06830 July 24, 2006 Dear Friends and Fellow Investors: We are very pleased to announce the addition of Mr. Charles H. K. Neo as a Senior Managing Director of Mercury Real Estate Advisors LLC ("Mercury"). Charles joins us from UBS AG, where he worked for the last six years and most recently served as the Executive Director and Co-Head of Asian Real Estate Research. He is joining our senior portfolio management team, in our newly established Singapore office, to oversee our rapidly growing Asian real estate investment activities. During his career, Charles has been recognized numerous times for his expertise, being named the No. 1 Analyst for Singapore real estate by Asia Money for the period 2003-2005, and the No. 2 Analyst for Asia real estate by Institutional Investor for 2006. Also during his tenure, UBS was successful in achieving the top market share in the region, raising more than USD $1.2b of equity capital for REITs in Asia. Finally, he published a report entitled "Can Asian REITs recycle capital for half the world population?" in October 2005 that is highly regarded as one of the best thematic pieces written on Asian real estate. Charles is considered by many as a pioneer in covering the Asian real estate sector. He brings a passion and an in-depth knowledge of the Asian real estate sector that is unique in the investment realm. His expertise and insights will be a valuable addition to our team, a competitive advantage for our firm and a wonderful asset for our investors. Furthermore, Charles will immediately bolster our ability to continually unearth deep value real estate securities -- a pursuit which has been the cornerstone of our global investment strategy. This unique strategy not only differentiates us from our competitors but enables us to deliver attractive risk-adjusted returns to our investors. We continuously seek to add exceptional individuals to our global platform who are passionate and proven in their chosen pursuits -- in Charles we have found a partner that is both of those and more. We are delighted that Charles has chosen to join Mercury and look forward to a long and fruitful partnership -- a partnership that will further enhance our investment activities and presence in the region. If anyone would like to discuss the addition of Charles, feel free to contact either of the undersigned at (203) 769-2980. Sincerely yours, MERCURY REAL ESTATE ADVISORS LLC David R. Jarvis Malcolm F. MacLean IV Chief Executive Officer President For more information, please contact: Malcolm F. MacLean IV Mercury Real Estate Advisors LLC Tel: +1-203-769-2980 Web: http://www.mercuryrealestate.com SOURCE Mercury Real Estate Advisors LLC
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