MANAGEMENT PERSONNEL.

JPI, one of the nation's top apartment builders, has promoted Rick Cooper to Senior Vice President for Budgeting and Forecasting Support Services, announced J. Frank Miller III, JPI Chairman and CEO.

Cooper is responsible for management of day-to-day operations for corporate budgeting and forecasting, including preparation of analytical data, coordination of budgets, and development of operational efficiencies.

"Rick has proven to be an exceptional asset to JPI and he will fulfill an important role in his new position,' states Frank B. Schubert, JPI's Senior Executive Vice President and Chief Financial Officer. Cooper joined JPI in 1998. He previously served as the firm's Senior Director of Budgeting and Forecasting and as the Western Division Senior Controller. He has held senior financial positions for several prominent companies over the past 28 years. He holds a bachelor of science degree in business administration and accounting from UNLV.

Continuing their national expansion program Michael T. Cohen, Chairman, GVA Williams announced the appointment of David Simson (photo) as President of the firm's New Jersey headquarters. This appointment follows GVA Williams' recent acquisition of Associated Realty, Inc., a leading New Jersey-based commercial real estate services firm.

David Simson, a 20-year veteran of the commercial real estate business, has spent the past eight years as Senior Vice President of CB Richard Ellis in New Jersey Ms accomplishments include being continuously recognized within the Colbert Circle award which acknowledges the top 50 real estate brokers in the United States.. David Simson has been a member of National Associates of Corporate Office Real Estate Executives (NACORE) for the past 18 years, NAIOP, IOREBA and is involved in several philanthropic organizations within the metropolitan area. Mr. Simson's prestigious client list includes General Electric, J.P. Morgan, Computer Sciences Corp., Philips Consumer Corp., Amresco, General Motors and Aegon.

Michael Cohen noted, "We are honored and excited to have attracted an executive such as David Simson to lead our expansion in New Jersey. This, in conjunction with the acquisition of Associated Realty, will create a powerful brokerage operation to service our institutional entrepreneurial clients, not only in New Jersey, but throughout our international network."

"It is a great honor to be joining one of the most dynamic new real estate teams in the region," stated David Simson. "My goal is to continue to build on the incredible synergies created by the GVA Williams and Associated Realty combination and to attract new professionals to share in the success of this company. Combining the best firms in New york and New Jersey has resulted in an unrivaled new team in the marketplace," Simson concluded.

Simon Ziff, President, The Ackman-Ziff Real Estate Group, LLC, reported the appointment of Victoria Mericle (photo) as an Analyst. Ms. Mericle joined the firm in 2000. Previously, she was the Financial Manager at Marina Maher Communications, Inc., a public relations firm in New York City, for 7 years. In this capacity, she was responsible for all financial reporting for the firm. Ms. Mericle is currently working toward her Master of Science in Real Estate Investment at New York University with an intended graduation date of June 2001.

Joe Gillette, President and Chief Executive Officer, Gillette Global Network, has reported the appointment of Leo Paytas as President of the company's Lit Building division. Mr. Paytas will be responsible for leading this recently formed division's growth in the development and implementation of fiber optic technology into commercial office space from Boston to Washington, DC.

Previously, Mr. Paytas served as the Corporate Director of Leasing for Wellsford Commercial Properties Trust one of the fastest growing real estate companies in the Northeast. He began his real estate career 11 years ago in Washington, D.C. as a broker. In 1992, Mr. Paytas joined The Garibaldi Group, a leading brokerage firm in Chatham, New Jersey, where he was one of the firm's top producers and was elevated to Vice President.

Joe Gillette stated, "We are very pleased to announce the appointment of Leo Paytas as the President of our Lit Building Division. Leo brings to GGN a wealth of real estate experience from both the landlord's and tenant's perspective. As GGN embarks on substantial expansion throughout the country, Leo will be instrumental in helping GGN remain the dominant telecommunications and data provider in the industry."

Leo Paytas commented, "It is a great honor to join GGN and their outstanding team of professionals. With its substantial telecommunications experience, GGN offers an outstanding growth platform and is uniquely positioned to be the dominant provider of broadband services. I am very excited to be able to play a role in helping grow one of the real pioneers in the technology revolution that is sweeping the commercial real estate industry." Leo Paytas is a graduate of the University of Pennsylvania. He resides in Summit, New Jersey.

Bruce Brickman, President of New York City-based Brickman Associates, announced that Timothy J. Mackey has joined the firm as Vice President.

The hiring of Mr. Mackey, who recently resigned from Capital America (formerly known as Nomura Capital) expands Brickman's acquisition team as it continues to seek new investment opportunities. The firm has acquired three significant New York-area office properties in the past 18 months - 152 East 52nd Street (New York City), 3 HQ (Huntington, Long Island) and 900 King Street (Rye Brook).

Having joined Nomura Capital/Capital America in 1997, Mr. Mackey was a Vice President with the firm in its Development Finance Group -- a group that committed to finance more than $1 billion of commercial real estate investments in office, multi-family residential, retail and hotel properties nationwide. When Capital America was restructured in early 1999, Mr. Mackey was retained to manage the wind-down and liquidation of its real estate holdings. Mr. Mackey joins former Nomura Capital/Capital America senior executive Kathy Corton, who now serves as Executive Vice President and Chief Financial Officer with Brickman Associates. Prior to Nomura Capital/Capital America, Mr. Mackey was a Senior Associate with Allen & Associates Appraisal Group, Inc., based in Bloomfield Hills, Michigan.

Mr. Brickman commented, "Tim Mackey is a terrific addition to our team, bringing strong skills and a wealth of relevant commercial real estate experience. We look forward to having him make a significant contribution to our firm."

Mr. Mackey holds a Bachelor of Business administration degree from the University of Michigan, and is currently enrolled in the Columbia University Executive MBA program. He is a general associate member of the Appraisal Institute, is a certified real estate appraiser and holds a real estate sales license.

Boston Properties, Inc. (NYSE:BXP), a real estate investment trust, announced that Bryan J. Koop has joined the company as Senior Vice President and Regional Manager of the Boston office.

In this position, Mr. Koop, 41, will be responsible for overseeing the operation of the company's existing assets, development activities, and the effort to identify, seize and capitalize on new business opportunities.

Mr. Koop comes to Boston Properties from the Trammell Crow Company where he has worked since 1981. Since 1995, he has been the Managing Director and City Leader of their New Eland commercial and retail real estate division located in Cambridge, Mass. Prior to 1995, he held other management positions in the commercial and retail development and leasing areas within the Trammell Crow organization in Washington, DC and Dallas and Houston.

Edward H. Linde, President and CEO of Boston Properties, stated, "We are extremely pleased that Bryan Koop will add his extensive experience and management skills to the talented team of real estate professionals in our Boston office. This organizational change will enable David Barrett, whom Bryan succeeds as Regional Manager to devote his full time and attention to project development, which plays such a major role for us."

W.P. Carey & Co., Inc., a leading real estate investment banking firm and the largest lessor of net leased corporate properties in the United States, announced the election by its Board of Directors of Gordon J. Whiting as Executive Director.

Commenting on the appointment, Win. Polk Carey, Chairman and Chief Executive of W.P. Carey, llc has led the negotiation, structuring and closing of a number of innovative and creative sale-leaseback transactions for companies spanning a broad range of industries. Gordon's financial acumen, analytical skills and negotiating talent are representative of the strengths the new generation of management brings to W.P. Carey. The capabilities of Gordon resulting from his MBA training, international work experience and transaction expertise at W.P. Carey provide the platform from which he will spearhead the firm's continued success in the new millennium."

Whiting also sourced and structured a $5.5 million sale/leaseback to finance the expansion of West Union Corporation's Tempe, Arizona manufacturing plant. Amerix Corporation is the nation's leading for profit provider of back-office services to non-profit credit counseling agencies. West Union is one of the nation's largest manufacturers and distributors of wood, aluminum and vinyl window frames and doors.

In addition to his role as Deputy Director of Acquisitions, Gordon J. Whiting is Portfolio Manager and Executive Vice President of Corporate Property Associates 14 (CPA:14), a private REIT managed by W.P. Carey.

After graduating with a BS from Cornell University, Mr. Whiting founded a Hong Kong-based import/export company. In May 1993, he joined W.P. Carey as an acquisitions associate. After graduating from Columbia University's graduate school of business, he rejoined the company as a second vice president in 1994. Distinguished himself early, Mr. Whiting was rapidly promoted to vice president in 1995, first vice president in 1997, senior vice president in 1998, executive VP and portfolio manager of CPA:14 in October 1998, and deputy director of acquisitions in April 1999.