PHILA. REAL ESTATE EXECUTIVE JOINS FAMECO

     CONSHOHOCKEN, PA.-- Fameco Real Estate has expanded its Management Services Department with the addition of Duane Horne, a property manager with more than 20 years of experience in the Delaware Valley market, it was announced by Troy Peple, president of the Conshohocken, Pa.-based firm.

     A Philadelphia resident, Horne was formerly a manager at CB Richard Ellis and earlier served as vice president at Alliance Realty Services, where he managed 2 million s.f. of commercial office properties in the Philadelphia area.

     Peple said the recent additions to several Fameco departments are the result of "tremendous growth in our management portfolio in the past 12 months, from 1.8 million to more than 4 million square feet -- and another 2 million square feet will be added to that portfolio within the next 45 days."

     In addition to his property management experience, Horne brings an extensive technical background in construction, refrigeration and air conditioning to his new position. He is an instructor at Building Owners and Managers Institute International and the Philadelphia Wireless Technical Institute. A graduate of Geneva College with a B.S. in Human Resource Management, he is currently enrolled in a Master's Degree Program at Eastern Seminary and is a Certified Facility Manager (CFM) candidate.

     Fameco Real Estate specializes in retailer representation, owner representation, investment sales and management services in Pennsylvania, New Jersey and Delaware. The firm is the exclusive representative for 64 shopping centers and retail properties totaling 12 million square feet in the tri-state area, manages more than 4 million square feet of retail space and exclusively represents more than 50 retailers expanding in the Delaware Valley. Fameco's Investment Sales Team has completed transactions in excess of $1 billion. Fameco is the ChainLinks member shareholder in the Delaware Valley. The nation's largest retail-only real estate provider, ChainLinks encompasses 60 regional brokerage firms in the U.S. and Canada.

Mar 8, 2006