Bill Donohue Joins Alvarez & Marsal Real Estate Advisory Services as Managing Director in New York.

NEW YORK -- Alvarez & Marsal Real Estate Advisory Services, a division of global professional services firm Alvarez & Marsal, announced that William P. Donohue, Jr. has joined the firm as a managing director. He is based in New York.

With more than 17 years of real estate consulting, acquisition, finance and management experience, Mr. Donohue focuses on providing real estate restructuring, transaction, strategic planning and interim management services. Over the course of his career, he has served as the lead real estate advisor in numerous successful corporate reorganizations, including Kmart Corp., Friedman's Jewelers and Comdisco, Inc. and assisted debtors and creditors in preserving and maximizing the value of real estate assets during Chapter 11 proceedings. Mr. Donohue's background also includes providing due diligence and valuation services and developing and implementing cost-saving and strategic planning initiatives for major corporate and public sector clients.

"Bill brings a long and successful track record working with financial services firms, corporate clients, real estate funds and private real estate investors," said William W. "Biff" McGuire, head of Alvarez & Marsal Real Estate Advisory Services. "His depth and breadth of expertise further enhances our ability to serve corporate clients involved in turnarounds and restructurings, assist portfolio managers seeking to improve underperforming assets and advise organizations involved in complex real estate transactions and other strategic initiatives. We are pleased to welcome him to the team."

Prior to joining A&M, Mr. Donohue was a principal of Gemini Realty Advisors LLC and Gemini Realty Asset Management LLC, which he co-founded. Mr. Donohue has also held management positions in the real estate advisory groups of NAI D.G. Hart Associates, Inc. and Coopers & Lybrand LLP. Earlier in his career, he was vice president of acquisitions for Manhattan Capital Partners, Inc., a New York City-based real estate merchant bank.

Mr. Donohue holds a bachelor's degree in politics from Princeton University and a master's degree in business administration, with concentrations in finance and accounting, from New York University's Leonard Stern School of Business. He is a member of the American Seniors Housing Association, the Turnaround Management Association and the International Council of Shopping Centers (ICSC).

Alvarez & Marsal Real Estate Advisory Services, LLC

Alvarez & Marsal Real Estate Advisory Services, LLC advises owners, investors, lenders, and users of real estate throughout the real estate lifecycle. Alvarez & Marsal Real Estate Advisory Services professionals align their interests with those of their clients, and are committed to providing senior-level attention, the right resources, objective advice and flawless execution to every engagement. Building on Alvarez & Marsal's operational and problem-solving heritage, the Alvarez & Marsal Real Estate Advisory Services team develops and implements detailed real estate plans that improve operations, unlock value and minimize risk. Alvarez & Marsal Real Estate Advisory services include: Restructuring Advisory, Litigation Advisory, Strategy and Operations Consulting, Corporate Finance, Transaction Advisory, Public Sector Advisory, Hospitality Advisory, and Latin America Advisory.

Alvarez & Marsal Real Estate Advisory Services, LLC is an affiliate of Alvarez & Marsal, a premier global turnaround and professional services firm that excels in problem solving and value creation. For more information, visit contact: Chief Marketing Officer Rebecca Baker at [phone], or [e-mail].