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Press Releases

FOR
IMMEDIATE RELEASE
February 9, 2006
SHELTER
PROMOTES ROBUCK TO CHIEF FINANCIAL OFFICER
Baltimore, MD—The Shelter Group, a nationally recognized award-winning
developer and manager of market rate and affordable apartment communities,
recently promoted Scott Robuck to Chief Financial Officer. In his
capacity as CFO, Mr. Robuck will be responsible for all corporate
financial matters including banking relationships, budgeting and financial
reporting, management of cash flow and liquidity, oversight of interest
rate risk and balance sheet management for all three Shelter companies.
In addition, he will continue to oversee the Corporate Accounting
Department and will handle project level financings for various transactions.
Mr. Robuck joined The Shelter Group in 2004, working on a wide
variety of financial issues for Shelter Development. Since then,
he has consistently assumed roles of increasing responsibility,
including most recently the oversight of the Corporate Accounting
Department.
In making the announcement, Marilynn Duker, President of Shelter
Development, said, “During his tenure with Shelter, Scott
Robuck has not only met, but exceeded our expectations in every
assignment he has been given. He has added great value in the short
time he has been with Shelter, and I am confident that his leadership
as Chief Financial Officer will be vital to the strategic growth
and development we have planned at Shelter.”
Mr. Robuck has extensive experience in financial modeling, analysis,
and strategic planning. His experience also includes an Initial
Public Offering, a corporate acquisition, and raising venture-based
financing. Prior to joining The Shelter Group, Mr. Robuck was Controller
and Director of Finance at Artifact Software, Inc., a Baltimore-based
software development firm.
He earned a Bachelor of Business Administration with a concentration
in accounting from Loyola College and is a Certified Public Accountant.
He also serves on the Board of Directors for Archbishop Spalding
High School, in Severn, Maryland.
The Shelter Group is a national real estate development and property
management company specializing in multi-family and senior living
communities. From its founding in 1977, the value of Shelter's development
portfolio has grown in excess of $1 billion and the size of its
management portfolio and quality of its people make it among the
country's most respected property management companies. The firm's
portfolio contains a broad range of properties in diverse settings,
including conventional and affordable apartment communities and,
through its Brightview Senior Living division, service-rich independent
and assisted living communities for seniors. For more information
on The Shelter Group and its operating companies, please visit www.TheShelterGroup.com.
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