CT REALTY CONTINUES ACTIVE PACE WITH ACQUISITION OF COMMERCIAL DEBT

NEWPORT BEACH, CALIF. – CT Realty Corp. announced that it has acquired a portfolio of real estate loans secured by commercial properties valued in excess of $10 million from a Southern California bank. CT Realty has a long history of acquiring real estate assets as well as real estate backed financial instruments dating back to its early days in the early 1990’s when it acquired a significant amount of debt from the RTC and other private and public financial institutions.

CT Realty has a broad appetite for various types of real estate investments and this transaction follows the acquisition of $33 million in loans from a Lehman Brothers affiliate last year. CT Realty acquired the Lehman portfolio and has re-positioned, refinanced or assumed direct ownership of the underlying real estate on about 75% of that portfolio.

As well as acquiring performing and no-performing debt, CT also originates debt and earlier this month completed the closing of a $36 million financing transaction in Pasadena, Calif. CT/KDF, a CT operating joint venture, through its allocation of New Markets Tax Credits (NMTC) funds, was able to inject the necessary capital to finance the project through successful completion in tandem with the project's original construction lender.

The acquired loan portfolio included performing and non-performing senior commercial loans secured by quality industrial and office properties throughout Southern California.

“CT has been cautious in its pursuit of real estate properties and financial instruments over the past two years as markets have continued to deteriorate,” said James “Watty” Watson, CEO of CT Realty. “However, consistent with CT’s focus on institutional quality product, the fundamentals of this transaction are strong. We will continue to expand our interests in this line of business as well as our core strategy of acquiring industrial, office and multi-family assets.”

In further discussions, Bob Campbell, chairman of CT Realty, said that CT continues to analyze market trends and intends to increase its acquisition efforts through 2010.

Since its establishment in 1994, CT Realty Corporation (www.ctrealtycorp.com) has completed more than 150 transactions with value in excess of $2.5 billion and continues to invest in institutional quality commercial real estate properties, debt instruments, self storage projects and other income producing assets. In addition, the company provides equity financing through strategic partnerships with investors in Southern California. The focus of CT Realty’s investment activities is to acquire well-located assets with the potential to enhance their value through a solid, hands-on approach.

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