URDANG Hires Real Estate Debt Team From Capmark Investments LP and Is Named Sub-Advisor for Two Capmark Funds

URDANG Hires Real Estate Debt Team From Capmark Investments LP and Is Named
Sub-Advisor for Two Capmark Funds

PLYMOUTH MEETING, Pa., Oct. 5 /PRNewswire/ -- URDANG, the real estate
investment subsidiary for BNY Mellon Asset Management, has created a new real
estate debt strategy group by hiring eight team members from Capmark
Investments LP, and has been named as a nondiscretionary sub-advisor to
Capmark Investments LP for Capmark Structured Real Estate Partners, LP and
Capmark VII-CRE, Ltd. Capmark Structured Real Estate Partners, LP and Capmark
VII-CRE, Ltd. were both formed in 2006 and originally capitalized with $1.1
billion and $1.0 billion of institutional investor commitments, respectively.

"The formation of a new real estate debt strategy group within URDANG
complements our focus on private-market and publicly-listed equity investments
in real estate," said E. Todd Briddell, chief investment officer and managing
director of Urdang Capital Management, Inc. "In addition to the opportunity
to service Capmark Investments, we believe that the persistence of tough
credit conditions within real estate capital markets makes now the ideal time
to strengthen and grow our real estate investment business. We see attractive
opportunities for Urdang's clients to purchase and originate commercial
mortgages and structured credit instruments."

Notes to Editors:

Founded in 1987 with an exclusive focus on institutional investment grade real
estate, URDANG offers a variety of strategies and products, managing
approximately $1.5 billion in public real estate securities through URDANG
Securities Management, Inc. and $2.5 billion in gross private real estate
investments through URDANG Capital Management, Inc. for institutional
investors and high net worth individuals throughout global markets and across
public and private capital sectors. URDANG's research-driven process combines
top down economic analysis and market/country selection with bottom up
underwriting of properties, companies and management teams to seek high,
risk-adjusted returns. It is one of the investment boutiques of BNY Mellon
Asset Management.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon's
affiliated investment management firms and global distribution companies.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.
BNY Mellon is a global financial services company focused on helping clients
manage and service their financial assets, operating in 34 countries and
serving more than 100 markets. The company is a leading provider of financial
services for institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset servicing,
issuer services, clearing services and treasury services through a worldwide
client-focused team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services $11.8
trillion in outstanding debt, and processes global payments averaging $1.8
trillion per day. Additional information is available at bnymellon.com.

All information source BNY Mellon Asset Management as of June 30, 2009, except
where noted. This press release is issued by BNY Mellon Asset Management to
members of the financial press and media and the information contained herein
should not be construed as investment advice. Past performance is not a guide
to future performance.

SOURCE BNY Mellon

Mike Dunn of BNY Mellon, +1-212-922-7859, mike.g.dunn@bnymellon.com