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CDK REALTY ADDS NEW PARTNER 3/21/2006

The principals of CDK Realty Advisors, Kenneth Cooley, Jon Donahue and Brent Kroener have added Marshall Edwards as a new partner to their firm. Mr. Edwards will join the firm immediately and will pursue new Strategic Partners and equity clients for the firm.

Previously Marshall was the Chief Executive Officer of Walden Residential, a real estate company engaged in the operation of garden style multifamily rental units located in the southwestern and southeastern areas of the United States. Mr. Edwards helped lead the $170 Million initial public offering of the company in January 1993 and was instrumental in increasing the company’s assets from $120 million initially to $1.5 billion.

In late 1999, Mr. Edwards engineered the sale of Walden to Olympus Real Estate Corporation, an affiliate of Hicks, Muse, Tate & Furst Incorporated, in a private real estate transaction valued at approximately $1.8 Billion. The transaction was completed in February 2000. At the time of the sale, Walden owned and managed nearly 50,000 apartment units in twelve states.

Before joining Walden Residential Mr. Edwards was Executive Vice President of NHP Real Estate Corp. a wholly owned subsidiary of NHP, Inc. (The National Housing Partnership) headquartered in Washington, DC. NHP had one of the largest portfolios of multifamily properties in the United States with over 100,000 apartment units under management. His principal responsibilities at NHP included the acquisition, development, financing, management and disposition of conventional rental apartment projects. While at NHP, Mr. Edwards completed the acquisition and development of $1.1 Billion in multifamily properties.

Mr. Edwards, born January 1, 1945 in Dallas, Texas, holds a Bachelors Degree in Business Administration (1967) and a Masters Degree in Business Administration (1968) from Southern Methodist University. He is a former member of the Urban Land Institute and served onthe board of the National Multifamily Council. He also is a former member of the Southwest Advisory Board of Liberty Mutual Insurance Company and the board of The Strand Group, Inc., located in Vancouver. He currently is a member of the Board of Directors of Validus International LLC, an oil & gas technology company, Phoenix Capital Partners, a real estate investment management company and Apartment Life, Inc., a Christian based ministry serving over 300 apartment communities throughout the United States. Mr. Edwards is also serving as the Chairman of the Board of Directors and President of Bent Tree Country Club in Dallas.