March 19, 2007 (Los Angeles, CA) - Proskauer Rose LLP, an international law firm with over 700 lawyers worldwide, is pleased to announce that Susan Moletto has joined the firm's rapidly-expanding West Coast Real Estate Department as an associate.

"Susan is an outstanding lawyer and we are excited to have her on our team," said Eric Remensperger, partner and head of Proskauer's West Coast Real Estate Department. "Her addition moves us closer to our goal of strategically growing the practice with the right talent and will allow us to continue to gain a more prominent footprint both in California and nationally. We look forward to bringing in more outstanding talent to bolster the firm's ability to perform the increasingly complex work our clients and the market demand."

Ms. Moletto advises lenders, pension funds and fund advisors, private equity and venture capital funds and both private and public companies (including REIT's) in connection with asset purchases and dispositions, development projects, commercial leasing, CMBS loan transactions, secured and mezzanine financings and the formation of joint ventures, limited partnerships, limited liability companies and other equity/participation arrangements. Prior to joining the firm, Ms. Moletto was an associate in the Real Estate department of Orrick, Herrington and Sutcliffe's Los Angeles office. Prior to Orrick, she was an associate in Proskauer's New York office. She holds a J.D. from Brooklyn Law School and a B.A. from Binghamton University.

Proskauer recently announced a significant expansion of its rapidly-growing Los Angeles corporate and transactional practice with the additions of Mr. Remensperger and Raj Tanden, who joined as a partner in the firm's Tax Department.

Proskauer's depth of experience in real estate capital markets transactions renders the firm uniquely qualified to assist lenders and investors in evaluating opportunities and in structuring and executing capital and finance transactions involving real estate held by both public and private entities. The firm's ever-expanding real estate capital markets and finance clients include institutional lenders, real estate opportunity funds, REIT's, pension advisors and hedge funds. Proskauer regularly represents real estate capital markets clients in all stages of investment, including joint ventures, portfolio acquisitions, senior loans, fixed and floating loans, mezzanine loans and sale-leasebacks, adding to the considerable depth of the corporate group which handles growth capital, mature private equity, public debt and equity, management buyouts, and other leveraged acquisitions and recapitalizations of successful and less successful companies, and other special situations. The firm also regularly represents its finance clients in both senior and mezzanine positions as well as secured and unsecured positions.

The Los Angeles office of Proskauer Rose delivers a full range of sophisticated legal services on matters arising in California, throughout the country and abroad. Drawing on the breadth of the firm's expertise, the office accesses the resources of over 700 attorneys throughout the firm's eight offices to provide the highest quality legal services to clients in the most efficient manner.