Press Release

Rothschild Realty Managers Renamed Almanac Realty Investors

Rothschild Realty Managers LLC (RRM), a leading provider of growth capital to public and private real estate companies, has been renamed Almanac Realty Investors LLC, it was announced today.

The change to Almanac Realty Investors completes a transition that began almost five years ago when RRM became an independent partnership.

From 1981 to 2007, RRM had been a wholly owned subsidiary of the Rothschild Group's North American business. The firm was spun off in March 2007, with Rothschild increasing its focus on its core independent financial advisory services and expanding its European merchant banking funds platform.

Since 2007, the firm has been owned by Matthew W. Kaplan, John D. McGurk, D. Pike Aloian and a fourth partner, who has since retired. It has functioned independently with regards to all investment decisions, investment sourcing, capital raising, systems, accounting and personnel.

"We are excited to be moving forward under the Almanac name and continue our investment activities," said Kaplan, Managing Partner of Almanac Realty Investors. "Collectively, John, Pike and I have been affiliated with Rothschild for nearly 75 years, and are proud of our service and our contribution to the success of the group."

James Lawrence, Chief Executive Officer of Rothschild North America, commented, "The selection of a new name is a logical and final step following the 2007 spin-off. We know the Almanac Realty Investors team will continue to be successful and we wish them well."

With the change, the Five Arrows Realty Securities V, L.P. fund, which closed in July 2008, has been renamed Almanac Realty Securities V, L.P. Similarly, Five Arrows Realty Securities IV, LP, which closed in 2004 has been renamed Almanac Realty Securities IV, LP.

Almanac Realty Investors will continue to occupy its current offices at 1251 Avenue of the Americas.

About Almanac Realty Investors

Almanac Realty Investors is a leading provider of growth capital to public and private real estate companies. From the time of its founding in 1981, originally under the name Rothschild Realty, the group has invested $2.8 billion into a wide array of real estate opportunities. Since 1996, Almanac Realty Investors' primary investment activity has consisted of making private placements into public and private real estate operating companies. To date, Almanac Realty Securities has invested more than $2.3 billion into 27 companies. For more information, please visit our website at