Presidents Park Awarded “The Office Building of the Year” by the Apartment and Office Building Association of Metropolitan Washington

July 03, 2007

HERNDON, Va.--(BUSINESS WIRE)--Republic Property Trust (NYSE:RPB) announced today that Presidents Park has won “The Office Building of the Year” (“TOBY”) Award for the Suburban Office Park – Low Rise category and the “Grand TOBY” Award, outscoring entrants in all property type categories across the Washington Metropolitan Area. Completed between 1999 and 2001, Presidents Park is a three-building, Class A suburban office park located in Herndon, Virginia. Presidents Park is owned and managed by Republic Property Trust. Mark R. Keller, Chief Executive Officer of Republic Property Trust, said, “Our motto at Presidents Park is ‘a home for your business’. We are honored to receive this award from AOBA as we strive to deliver the best service to our tenants so that Presidents Park will truly become a home for their businesses.” Mr. Keller added, “I am personally proud of Republic Property Trust and our great team of first class property management. I would specifically like to recognize those members whose efforts keep Presidents Park operating in peak condition – Diane Ludden, Vice President of Asset Management, Melanie Friedman, Senior Property Manager, James Stash, Lead Engineer, and Rene Gaitan and Rick Jarrett, Building Engineers.” Presented by the Apartment and Office Building Association of Metropolitan Washington (“AOBA”), the TOBY Awards recognize “excellence in office building management, operational efficiency, maintenance, tenant retention and community impact.” AOBA thoroughly evaluates all facets of a building's operations during on site building inspections and portfolio judging, including tenant relations programs, community involvement, emergency evacuation and procedures manuals and continuing education for building personnel.

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