Portfolio Records 113,245 SF in New, Renewed and Expanded Leases

Uniondale, NY – October 18, 2007 – Continuing to set the standard for Long Island’s commercial real estate market, RexCorp Realty LLC (“RexCorp”) today announced another robust quarter of leasing transactions. Throughout its exceptional Long Island portfolio, the company inked 113,245 square feet in new, renewed or expanded leases over the third quarter

“With an office portfolio consisting of Long Island’s most notable Class-A office properties, we continue to see market strength,” said Kenneth Bauer, SVP and Director of RexCorp Realty. “We’re proud to welcome our newest tenants and thank our existing tenants for continuing to recognize RexCorp as the Landlord of Choice.”

Among the 113,245 square feet of leasing transactions signed in the third quarter the following new tenants joined RexCorp’s Long Island tenant roster: World Wide Specialty Programs, Global Securitization Services, Principal Life Insurance Company, and Grab, Bremer and Associates. Companies that renewed and expanded include: Wachovia Bank, McHenry, Horing and Lapping and Liberty Title Agency. Companies renewing existing leases include: Verizon, Starbucks Corporation, Union Mutual Mortgage Acceptance Corp., Neometrics Inc., and Liberty Mutual Insurance Company.

Brokers representing tenants in these transactions were: Brian Lee of Newmark Knight Frank, Dan Thompson and Gus Nuzzolese of Sutton & Edwards, Jonathan Stravitz of NAI Long Island, Doug Furer of Mariner Real Estate Services, and David Leviton of Cushman and Wakefield.

About RexCorp

RexCorp Realty LLC, (“RexCorp”) is a fully integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management.

RexCorp’s core growth strategy is focused on the markets surrounding New York City. The Company is one of the largest owners, managers, and developers in the New York Tri-State Area with approximately $3 billion in assets, with 69 properties comprised of over 11 million square feet, and approximately $3.5 billion in development projects. RexCorp, along with predecessor entities, has owned, managed and developed approximately $6 billion in assets encompassing over 20 million square feet.