David Oliner Joins Dune Real Estate as a Partner

NEW YORK--(Business Wire)--
Dune Capital Management LP (Dune) is pleased to announce that David Oliner has
joined the firm as a Partner in Dune Real Estate Partners. Mr. Oliner will also
be a Managing Director and Principal of Dune and a member of the Dune Real
Estate Investment Committee.

Mr. Oliner joins Dune from Morgan Stanley, where he was a Managing Director and
senior commercial mortgage trader for large loans and subordinate products.
During his 11 years at Morgan Stanley, his management responsibilities included
structuring, originating, acquiring, pricing and trading all forms of commercial
real estate debt, including commercial mortgage backed securities. Total
transaction volume for his group during his tenure exceeded $90 billion,
including in excess of $9 billion of subordinate debt trading. Before joining
Morgan Stanley, Mr. Oliner spent 5 years at Bankers Trust, where he was a Senior
Trader in the sub-performing commercial real estate debt trading business.

"David is an outstanding investor and a leader in the real estate debt and
capital markets businesses. We are very excited to have someone of David`s
caliber and expertise join the Dune Real Estate team," stated Daniel Neidich,
Dune Real Estate`s founder.

Dune is a New York based investment management firm founded in 2004. Dune
manages the Dune Real Estate Funds, which make opportunistic investments in a
broad range of real estate-related assets, portfolios, joint ventures and
operating companies worldwide.

Sard Verbinnen & Co
David Reno or Renée Soto, 212-687-8080

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