Pinnacle President Rick Graf Named President of Texas Apartment Association

DALLAS, April 20 /PRNewswire/ -- Rick Graf, President of Pinnacle, has been
named President of the Texas Apartment Association, a non-profit statewide
trade association dedicated to unifying rental housing professionals through
education, legislative advocacy and member services.

Rick has been involved with the TAA for over fifteen years, and has built
close ties with leaders of the Texas rental housing industry. His strong
background in multi-family property management will aid him as he works to
further the TAA mission as President.

Rick will officially take office on June 1, 2009, following his April 18
installation at the TAA Education Conference & Lone Star Expo in San Antonio.

As President of Pinnacle, Rick directs all day-to-day operations from the
Dallas office. He is also responsible for the development of the company's
vision and corporate culture.

When Rick joined Pinnacle in August 1996, he brought valuable experience
managing real estate assets for major institutional clients with assets in
multi-state locations. He began his real estate career in the Midwest more
than 30 years ago.

Rick is a Certified Property Manager (CPM(R)) and holds a real estate degree
from Richland College in Dallas, Texas. He also is a former professor of real
estate in the Dallas County Community College District.

About Pinnacle
Pinnacle, An American Management Services Company, is the nation's leader in
third-party fee management, managing a portfolio of apartment, office and
industrial assets valued at more than $17 billion. Pinnacle's multifamily
portfolio consists of over 175,000 units, including military and affordable
housing communities. The company provides owners and investors with a broad
scope of services including property management, disposition services, asset
management, development and acquisitions, homeowner association management,
work outs, construction management, receiverships and joint ventures. The
firm's clients include more than 235 institutions, pension funds, private
partnerships, foreign investors, sole owners and government housing groups in
North America, China and Japan. For more information, visit
www.PinnacleAMS.com.

SOURCE Pinnacle, An American Management Services Company

Nicole Falagrady of Pinnacle, An American Management Services Company,
+1-214-891-7829, nfalagrady@prmc.com