Moody's/REAL Commercial Property Price Index Declines 0.6% for February

Downward Trend Continues at Slower Rate

Index Now at March 2005 Levels

NEW YORK, April 22 /PRNewswire/ -- The Moody's/REAL National All Property Type
Aggregate Index from Real Estate Analytics LLC (REAL), measures 150.63 for
February 2009, a decrease of 0.6% from the previous month. The Index, which
is based on data through the end of February 2009, is now 21.2% lower than it
was a year ago and 21.5% below the peak measured in October 2007. The index
also measures 17.9% lower than it was two years ago in February 2007, and has
returned to its level of March 2005.

"While the month-to-month rate of decline for the Index has slowed, there is
no evidence that commercial real estate prices have reached bottom," said Neal
Elkin, President of REAL. "Given the extent of price decline, significant
potential exists for levered properties to have depleted their credit support.
In other words, the equity has disappeared."

Mr. Elkin added that 90% of repeat sales in the Index involve assets that
average less than $7.5 million in value -- a ratio that is significantly
higher than it was three years ago.

Moody's/REAL Commercial Property Indices are owned by Real Estate Analytics
LLC, and provides the only investable, transaction-based commercial real
estate benchmarks available in the United States.

The All Property Type Aggregate Index is measured monthly, while national and
regional data by property type are measured quarterly. Changes in quarterly
indices, if any, will be reported in May 2009.

To read the full report, please visit www.realindices.com.

About Real Estate Analytics LLC (REAL)

Real Estate Analytics LLC (REAL) provides world-class, real estate capital
markets solutions that address the needs of investors, property owners,
lenders and banks to more effectively utilize real estate as an asset class.
REAL has developed a full suite of US commercial real estate price indices
based on transaction data from Real Capital Analytics and has teamed with
Moody's to publish them as Moody's/REAL Commercial Property Price Indices.
For more information, visit www.realindices.com.

Moody's/REAL Commercial Property Price Indices (CPPI): a monthly report from
Real Estate Analytics LLC on recent investment activity and property sales
trends in US commercial real estate.

SOURCE Real Estate Analytics LLC (REAL)

Sze Ki Chau of Real Estate Analytics LLC (REAL), +1-212-259-3279,
skchau@realindices.com