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News release

Atlanta

RREEF Taps Jones Lang LaSalle to Manage Retail Assets in the U.S.

Firm to take over property management of 5.7 million square feet


ATLANTA, December 9, 2009 – Jones Lang LaSalle was chosen recently by RREEF to take over direct property management of the majority of RREEF’s retail portfolio in the United States.  The firm was awarded 29 retail centers totaling approximately 5.7 million square feet of space including four lifestyle centers where Jones Lang LaSalle will also lead the leasing efforts.
 
“We are extremely proud that RREEF chose Jones Lang LaSalle to manage several of its retail properties across the country,” said Greg Maloney, CEO and President, Jones Lang LaSalle Retail.  “As the largest third-party manager of retail assets we look forward to bringing the power of Jones Lang LaSalle to this terrific portfolio.”
 
Jones Lang LaSalle will manage RREEF’s portfolio primarily located in the West, Northeast and Southeast.  Nationwide, Jones Lang LaSalle leases and/or manages more than 56 million square feet of retail space.  The firm has a considerable presence in Florida and will manage more than 600,000 square feet of space on behalf of RREEF including the well-known Sawgrass Village.  In California, where Jones Lang LaSalle also has a strong presence, RREEF has assigned the leasing and management of two of its assets – Manhattan Village and Villa Marina Marketplace – totaling nearly a million square feet.  
 
“The fact that RREEF has asked Jones Lang LaSalle to lease some of its most important retail centers is testament to the strength of our leasing platform,” said John Bemis, Director of Leasing and Development, Jones Lang LaSalle Retail.
 
Jones Lang LaSalle Retail
 
As a third-party service provider, Jones Lang LaSalle Retail manages the largest retail portfolio in the country. The more than 56 million-square-foot portfolio consists of 160 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers and transportation terminals across 33 states. Jones Lang LaSalle (NYSE: JLL) has a portfolio of 1.4 billion square feet of property under management worldwide, including more than 10,000 retail locations on four continents. Jones Lang LaSalle is the only global real estate services firm with a team of dedicated, full-time experts who deliver comprehensive and globally integrated services in Energy and Sustainability under one umbrella. The firm offers leading-edge, industry-unique technology, training and tools in energy and sustainability to maximize the benefits for its clients and the greater community. For more information on Jones Lang LaSalle Retail, visit www.jllretail.com.
 
About RREEF
 
RREEF Real Estate acquires and manages investments in commercial and residential property, and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities. RREEF Real Estate has more than $53.4 billion in assets under management worldwide as of 30 September 2009.
 
RREEF Real Estate is part of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division.  RREEF Alternative Investments consists of three businesses: Real Estate, Infrastructure and Private Equity.  Headquartered in New York, RREEF Alternative Investments employs more than 1,100 investment professionals in 13 cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance.  Named one of the world’s largest alternative investments managers in Watson Wyatt’s Global Alternatives Survey, June 2009, RREEF has $61.7 billion in assets under management worldwide as of 30 September 2009.
 
Assets managed by Jones Lang LaSalle on behalf of RREEF include:
 
California - 4 assets
*depicts leasing and management assignments
 
Manhattan Village*
Manhattan, CA
438,949 SF
Villa Marina Marketplace*
Marina Del Rey, CA
419,462 SF
Marketplace at Birdcage
Citrus, CA
314,280 SF
Marina Square
San Leandro, CA
169,089 SF
On Broadway
Redwood City, CA
145,121 SF
Florida - 6 assets
 
 
Westwinds of Boca
Boca Raton, FL
172,047 SF
Coral Landings
Palm Harbor, FL
145,334 SF
Sawgrass Village
Ponte Vedra Beach, FL
140,832 SF
Country Club Plaza Shop
Miami, FL
100,570 SF
Windsor Commons
Jacksonville, FL
76,611 SF
Shoppes at Palm Valley
Ponte Vedra, FL
42,927, SF
Georgia - 2 assets
 
 
Providence Square
Marietta, GA
207,098 SF
Perimeter Square
Atlanta, GA
186,058 SF
New Jersey - 4 asset
 
 
Essex Green Shopping Center
West Orange, NJ
351,430 SF
Clifton Commons
Clifton, NJ
107,890 SF
Streets of Chester
Chester, NJ
104,683 SF
Nevada - 1 asset
 
 
Firecreek Crossing
Renov, NV
347,547 SF
Ohio - 3 assets
 
 
Streets of West Chester
West Chester, OH
167,638 SF
Parkway Center South
Grove City, OH
130,029 SF
Lake Oswego Towne Center
lake Oswego, OH
122,412 SF
Oregon - 2 assets
 
 
Streets of Tanasbourne*
Hilboro, OR
372,013 SF
Lake Oswego Towne Square
Lake Oswego, OR
122,412 SF
Pennsylvania - 2 assets
 
 
Noble Town Center
Abington, PA
167,689 SF
Galleria Mall*
Mount Lebanon, PA
167,142 SF
South Carolina - 1 asset
 
 
Plaza at Shelter Grove
Hilton Head, SC
86,044 SF
Virginia - 2 assets
 
 
Crossroads Center
Falls Church, VA
395,159 SF
Springfiled Commons
Springfield, VA
119,093 SF
Washinton - 2 assets
 
 
Bear Creek Village
Redmond, WA
175,799 SF
Evergreen Village
Bellevue, WA
123,476 SF