New Boston Fund Names Patrick Connell Asset Manager for Mid-Atlantic Portfolio

Boston, MA (5/10/06) - New Boston Fund, a Boston-based real estate investment, development and management firm, announces Patrick Connell has been named Vice President of Asset Management for the Mid-Atlantic region. Connell will be based out of New Boston Fund`s Tyson`s Corner, Virginia office.

In this role, Connell will be responsible for marketing, leasing, asset positioning and dispositions. He will manage and guide joint-venture partner relations in the Mid-Atlantic region and oversee the development and growth of New Boston Fund`s presence in the market through acquisitions and joint venture opportunities.

"Patrick Connell`s outstanding track record and knowledge of the region is an exciting addition to the New Boston Fund team," says Jerry Rappaport Jr., president of New Boston Fund. "Patrick`s experience and talent will undoubtedly play an integral role in helping New Boston Fund expand in the Mid-Atlantic region across a variety of markets."

Previously, Connell served as Vice President and Regional Director for RREEF - Deutsche Bank Real Estate where he oversaw leadership, management, performance and profitability of management offices and assets in RREEF`s Mid-Atlantic region. During his tenure at RREEF, Connell opened three new offices in the Mid-Atlantic region as the portfolio grew from 2.7 million to 16.7 million RSF.

From 1995 to 1998, he served as Assistant Vice President at Spaulding and Slye in Washington, DC. Prior to that, Connell was a Property Manager for Trammell Crow Company in Washington, DC.

Connell graduated from California State University in Long Beach with a bachelor`s degree in Business Administration and Financial/Real Estate Investment.

About New Boston Fund
Based in Boston, New Boston Fund is one of the fastest-growing private real estate investment, development and management firms in New England. Founded in 1993 by the Rappaport family of Boston, New Boston Fund owns and manages more than 14 million square feet of commercial real estate worth more than $1.5 billion.