Covering the U.S. Office Market Coast to Coast

LOS ANGELES–(EMWNews)–Michael Rowan, President, GE Real Estate, Americas’

Equity announced today that Arden Realty, Inc. is expanding its role as

the West Coast growth engine into a national office platform. Since the

merger of GE Real Estate and Arden in May of 2006, Arden has

successfully grown from a leading Southern California-based office

landlord into one of the premier West Coast owner operators throughout

Southern and Northern California, Seattle, Portland, Phoenix and Salt

Lake City. In the last twenty-four months, Arden closed approximately $6

billion in office transactions, refining its portfolio through a capital

recycling program that focuses on value-add investments in strategic

West Coast markets.

“The national expansion into the Central and

Eastern United States is a logical continuation of Arden’s

growth strategy and positions them well as they accelerate into the

third party investment management business,”

said Michael.

Arden will apply the company’s proven

expertise in value creation and long-standing leadership position in

energy solutions and sustainability to expand their platform to the

national level. “We have demonstrated our

ability to replicate our strong value-add operating model in all of our

target markets to date,” stated Arden

President and CEO, Joaquin de Monet. “Our

ability to combine a local presence with successful investment, leasing

and management capability enables us to grow organically for Americas’

Equity in new markets.” Arden has added value

to approximately 18 million square feet under the Americas’

Equity office operating platform.

The company has also produced turnkey design and implementation of more

than 200 energy and sustainability projects in its portfolio. The EPA

has recognized Arden numerous times as the landlord with the largest

amount of Energy Star-related office buildings in a single portfolio in

the United States. Arden is also currently achieving new benchmarks for

LEED certification in its portfolio.

The move east into the U.S. transfers Americas’

Equity national office investment talent into Arden where acquisition

directors in the Midwest and East Coast will report to Arden’s

Chief Investment Officer, Michael Lynch. Arden’s

corporate headquarters will continue to be located in West Los Angeles

with regional offices in its major markets.

Interview with President and CEO – Joaquin

de Monet available on request.

Property and personnel jpgs available.

About Arden Realty, Inc.

Based in West Los Angeles, Arden Realty, Inc. is a fully integrated real

estate company and a premier landlord in the Western United States. In

May of 2006, the firm was acquired by GE Real Estate as its growth

platform for the Western U.S. Currently, Arden has a portfolio of 220

buildings comprised of over 13.3 million square feet in major markets

throughout Southern California, Northern California, Portland, Seattle,

Phoenix and Salt Lake City. In-house operations include leasing,

property and asset management, construction, development, and

acquisitions.

For more information on the company, visit the Arden website at www.ardenrealty.com.

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