CWCapital Asset Management Appointed Special Servicer on $36.6 Billion of CMBS Transactions.

Expected to close the year with $108 Billion in Special Servicing

WASHINGTON -- CWCapital Asset Management LLC (CWCAM) has recently been appointed special servicer on 23 separate commercial mortgage backed securities (CMBS) transactions totaling over $36.6 billion. The appointment brings CWCAM's total Special Servicing portfolio to approximately $108 billion, representing approximately 11,100 loans, which should secure the company's position as the second largest servicer in the industry.

Of the 23 transactions, 19 were previously issued deals and had been specially serviced by Lennar Partners, Inc. These 19 appointments became effective December 22, 2006 and are listed in the attached appendix. The remaining 4 transactions are newly issued CMBS, all closed in the 4th quarter.

The acquisition of the special servicing on these transactions comes at the close of a year of tremendous growth for CWCAM. In March of 2006 the company announced that it had acquired the special servicing of 24 CMBS transactions via the acquisition of Criimi Mae, Inc. by CDP Capital Financing, a subsidiary of Caisse de depyt et placement du Quebec. That portfolio was comprised of 1,800 loans totaling over $10.3 billion. In June, CWCAM announced that it had been appointed special servicer for another 17 previously issued transactions, followed in August by similar appointments on 5 additional transactions. In total, the company grew its special servicing portfolio by $77 billion and 7,600 loans in 2006. With many of the acquisitions coming from the top ranked Special Servicers, CWCAM has swiftly moved up in the ranks and is expected to take the number two position.

David Iannarone, Managing Director of CWCAM stated, "These most recent appointments round out our 2006 business plan and bring the total new appointments for the year to over 50 transactions. In addition, we are the special servicer in two CDO transactions and various other single asset investments. Through investment in our infrastructure over the past 18 months, we have positioned ourselves to be a premier special servicer and are poised for future expansion in 2007."

Charles Spetka, President of CWCAM, also commented on the recent appointments and the company's continued growth and success, indicating that there are no plans to slow growth initiatives in the near future. "Our growth in 2006 was very well executed and in accordance with our business plan. With our Special Servicing Group being a very key component of our vertically integrated business plan, we are continuously looking to grow the business and expand on our portfolio, and the industry can expect to see more of this growth in 2007."

Appendix
New Special Servicing Appointments for CWCAM

COMM 2003-LNB1
COMM 2004-LNB3
COMM 2005-LP5
CSFB 2004-C1
DLJ 1999-CG2
GCCFC 2004-GG1
GECMC 2004-C1
GECMC 2004-C3
GMAC 2003-C3
GMAC 2004-C1
GSMSC 2003-C1
JPMCC 2004-LN2
MSCI 1999-RM1
SASC 1999-C2 (aka LBCMT 1999-C2)
SASC 2003-C1 (aka LBUBS 2003-C1)
SASC 2004-C1 (aka LBUBS 2004-C1)
WCMS 2003-C5
WCMS 2003-C9
WCMS 2004-C11