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FOR IMMEDIATE RELEASE
November, 2005

SHELTER PROMOTES LAMPHER TO EXECUTIVE VICE PRESIDENT

Baltimore, Md.—The Shelter Group, a nationally recognized award-winning developer and manager of market rate and affordable apartment communities, recently promoted Robert Lampher to Executive Vice President of its property management division, Shelter Properties. In his expanded role, Mr. Lampher will be responsible for day-to-day operations of the entire Shelter Properties organization, including Operations, Marketing, Finance, Training, Human Resources, and Compliance.

Mr. Lampher joined Shelter Properties in 2004 as Vice President of Operations, bringing a background with extensive experience in the real estate industry with a specific emphasis on residential multifamily property management and development for several highly-regarded California property management firms.

In making the announcement, Phil Golden, President of Shelter Properties, said, "During his tenure with Shelter Properties, Robert has used his considerable talents to enrich the Company's core values and enhance its operating policies and procedures. The result has been a steady gain in the company's capabilities and professionalism. Robert also exemplifies the human values that lie at the heart of our success. For all these reasons, I'm confident that under his leadership, the team at Shelter Properties will be able to hit new levels of customer service and expansion of its portfolio for owners who see the value of the Shelter approach to managing their properties."

Prior to joining Shelter, Mr. Lampher was employed by Prometheus Real Estate Group, a leading west-coast management and development company with assets in California, Arizona, Utah, and Washington. During his 10 years at Prometheus, Mr. Lampher held several positions of increasing responsibility, most recently Vice President of Corporate Operations/Controller. In addition, Mr. Lampher worked for four years at Western National Property Management in Irvine, California where he held varying property-level and support positions.

He earned a Bachelor of Science degree in Business Management from the University of Phoenix.

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, 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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