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FOR IMMEDIATE RELEASE
June 16, 2005

THE SHELTER GROUP NAMES MILLER SENIOR DEVELOPMENT DIRECTOR

Baltimore, Md.—The Shelter Group, a nationally known developer and manager of apartment and senior living communities, recently named Maria E. Miller as a Senior Development Director with Shelter Development, LLC. In this position, she is responsible for the development, acquisition and financing of various real estate transactions.

According to Marilynn Duker, President of Shelter Development, LLC., "Maria's enthusiasm, her real estate development and financing experience, and her action oriented approach all combine to make her an excellent-and dynamic-addition to Shelter Development's team. Maria is the type of person we need as we move forward aggressively to grow our affordable housing business."

Prior to joining Shelter, Ms. Miller was a Senior Vice President at Bank of America, where she ran the Bank's Community Development Corporation in Baltimore. In that capacity, she developed the $95 million Centerpoint project which is a lynchpin of the City's Westside Redevelopment Initiative. The project is a mixed-use redevelopment of a full city block and includes 394 units of luxury rental housing, retail space and a 400-space parking garage. Her career at the Bank spanned 18 years.

Ms. Miller serves on the Boards of the Hippodrome Performing Arts Foundation, the Maryland Affordable Housing Trust, and the Baltimore Heritage Area Association. She has a Bachelors degree from Georgetown University and completed the Johns Hopkins University Real Estate Development and Investment Program.

About Shelter:
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 exceeds $1 billion and the size of its management portfolio puts it within the country's fifty largest property management companies. The firm's portfolio contains a broad range of properties, including conventional multi-family real estate, as well as apartments, independent and assisted living communities for seniors. Shelter is one of the leading developers of LIHTCF-housing in the Mid-Atlantic region. For more information on The Shelter Group please visit www.TheShelterGroup.com.


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