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Clark Realty Continues to Expand in Southern California

San Diego Office Adds Three New Development Executives
December 5, 2006

San Diego — Clark Realty continues to grow its presence in Southern California with the addition of three new development executives to their San Diego office. Bryan Lamb, who relocated from Clark's headquarters in Bethesda, Md., will take on primary development responsibility for Pacific Beacon, Clark's first-of-its-kind venture with the Navy on over 1,000 Class A apartments for unaccompanied sailors in San Diego. Brian Driesse and Eliot Ward will assume leadership roles on our projects currently under way while also pursuing strategic development opportunities throughout Southern California.

Clark Realty Continues to Expand in Southern California Press Release Image

Clark Realty Continues to Expand in Southern California

"Demand for Clark Realty's development and construction services continues to increase," said Jim Forburger, senior vice president. "These additions will greatly enhance our efforts to improve the San Diego communities in which we live and work. We are pleased to have these three talented and experienced professionals join our team."

Bryan Lamb manages real estate projects for Clark Realty in a variety of asset classes across both the private and public sector. Prior to joining Clark, Mr. Lamb worked for a large publicly traded Real Estate Investment Trust (REIT). In addition, he worked in the commercial aviation industry for five years in a strategic planning capacity. Lamb received his undergraduate degree from The University of Notre Dame and an MBA from Harvard Business School.

Brian Driesse joins Clark Realty with tremendous business development and project management expertise from one of the fastest growing companies in the technology sector. His real estate experience includes underwriting of several large transactions in varying asset classes. Driesse received his BBA in Finance from the University of Texas at Austin and his MBA from the Kellogg School of Management at Northwestern University.

Eliot Ward previously worked in the residential development sector with a nationally recognized firm. Prior to that, he started an online marketing company and was instrumental in the success of a popular online search engine. Ward received his BA in International Studies from Brigham Young University and his MBA from the Colgate Darden Graduate School of Business at the University of Virginia. The Clark organization has been actively building in Southern California for the last 25 years. Clark Realty started their San Diego real estate development practice in 2001 and has invested over $500 million in San Diego's local community in the past five years. More than 65 percent of this work was awarded to small business enterprises and locally-owned companies. In all, Clark's construction and development initiatives have created an estimated 1,500 jobs in San Diego.

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About Clark Realty

A fully integrated, national real estate firm, Clark Realty offers a broad base of services including capital markets, finance, development, construction, property management, and investment management. Clark Realty is an affiliate of the Clark Construction Group, the oldest and largest privately-held general building contractor in the nation. Clark has made a substantial impact in Southern California for the last 25 years. San Diego landmarks built by Clark include the San Diego Padres stadium, the stunning Manchester Grand Hyatt, and the new trolley station at San Diego State University. Clark is also involved in the $410 million seismic retrofit of the Coronado Bridge. Housing developments include nationally acclaimed communities such as Gateway Village, The Village at Serra Mesa, and The Village at NTC, winner of the Environmental Protection Agency's prestigious Smart Growth Award. Clark is currently working on development of Pacific Beacon, the country's first large-scale, public-private initiative for single sailor housing. This striking addition to the San Diego skyline will not only serve as an economic catalyst for the entire region, but will also improve lives of area sailors, many of whom are forced to live on ships due to lack of affordable housing.