Cushman & Wakefield and Reigns Capital Form An Exclusive Alliance

20 Jun, 2008, New York, NY

Cushman & Wakefield, the world’s largest privately held commercial real estate services firm, and Reigns Capital Ltd., an investment banking firm and specialist in tax-oriented real estate investments, announced today an exclusive alliance to expand their capabilities in the multifamily sector.

The alliance serves to broaden Cushman & Wakefield’s ability to offer expertise to clients in the disposition of Section 42 low income housing tax credits, and to enable Reigns Capital access to Cushman & Wakefield’s full-service real estate and Capital Markets platform throughout the United States.

“Bringing the expertise of our two firms together enables us to offer our clients highly specialized expertise across the full scope of the multifamily investment sector,” said Keith Misner, an executive managing director of Cushman & Wakefield’s Capital Markets Group and head of its Apartment Brokerage Services division. “As many Section 42 properties reach the end of their compliance period, our alliance with Reigns Capital will help us meet increasing client demand for disposition services.”

Reigns Capital is an investment banking firm dedicated to tax oriented real estate investments. The firm specializes in placing equity for affordable housing tax credit transactions. In addition, Reigns has expertise in Section 42 tax credit dispositions, real estate leasing and other tax oriented products. Reigns Capital has closed more than $10 billion in tax-advantaged transactions including more than $3.5 billion of equity for affordable housing transactions.

“We chose Cushman & Wakefield because no other firm has a dedicated multifamily division with comparable asset knowledge, depth of resources, capital market expertise or the ability to enhance real estate value,” said Neil R. Silver, president of Reigns Capital. “Our alliance is ideally positioned to provide advisory and disposition services for all multi-housing property types and transactions whether they be single-asset, a regional or nationwide portfolio.”

The Apartment Brokerage Services division of C&W is located in 16 offices nationwide and staffed by more than 100 brokerage professionals. During the past three years, Cushman & Wakefield has closed more than $15 billion in apartment sales, totaling more than 170,000 units and more than 600 transactions.

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About Cushman & Wakefield

Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. More information about Cushman & Wakefield Apartment Brokerage Services can be found at www.apartments.cushwake.com/affordable_housing

About Reigns Capital

Reigns Capital is an investment banking firm and FINRA registered broker/dealer dedicated to tax oriented real estate investments. The firm has expertise in the areas of affordable housing tax credits, real estate leasing and other tax oriented products. More information can be found online at www.reignscapital.com.

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Media Contact:

Terence Spillane

(212)-841-7932

Terence.spillane@cushwake.com

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