KISLAK COMPLETES $26.9 MILLION SALE OF OLDE FORGE WEST IN MORRIS TOWNSHIP, NEW JERSEY
SALE MARKS FINAL PROPERTY TO BE SOLD IN GIANCRISTOFARO PORTFOLIO

MORRIS TOWNSHIP, NJ, Mar 19, 2007 - /FLIERWIRE/-- The Kislak Company, Inc., the dominant multi-family and retail investment sales firm in the tri-state region, recently completed the $26.9 million sale of Olde Forge West, a 123-unit apartment building located at Max Drive and Speedwell Avenue in Morris Township, New Jersey. Jeffrey P. Wiener, president and co-managing director, brokered this sale on behalf of his long-time clients, Ronald and Anthony Giancristofaro. Robert J. Holland, senior vice president and co-managing director, represented the buyer, a large pension fund.

Olde Forge West is located in an upscale area of northern New Jersey, convenient to the vibrant downtown of nearby Morristown, New Jersey and within commuting distance of New York City. The apartment complex consists of one, two and three-bedroom units in colonial, garden-style buildings situated within park-like grounds.

The Giancristofaro's provided Mr. Wiener and The Kislak Company with the exclusive right to sell Olde Forge West. This investment sale transaction marks the final property to be sold that was originally part of a portfolio of over 3,000 apartments throughout New Jersey, Pennsylvania, California and Florida. The portfolio was owned for over 30 years by the Giancristofaro's.

"My long-term relationship with Ron and Tony is based on trust and loyalty, something that I personally pride myself on and one of the cornerstones of The Kislak Company's success in the investment sales marketplace. It is not everyday that I encounter such nice, down-to-earth people. It was truly a pleasure getting to know them and working with them," said Mr. Wiener. "Over the years Kislak was instrumental in helping the Giancristofaro's buy and sell most of their multi-family portfolio. More recently, given the unprecedented demand in the market, we sold the majority of the portfolio. This has not only been a long-lasting friendship with the Giancristofaro's, but a great business relationship as well," he added.

"Our company values great relationships and great real estate. I am very pleased that we were able to meet the Giancristofaro's business objectives over the years," said Mr. Wiener. "The Giancristofaro's were able to turn their first purchase of a nine-family cold water flat in Jersey City, New Jersey, into a significant portfolio of outstanding properties across the country. I am thrilled that we were a part of their success. We look forward to maintaining both our friendship and business relationship with them for years to come," he added.

About The Kislak Company
The Kislak Company, which is headquartered in Woodbridge, NJ, is recognized as the dominant investment sales company serving the multi-family and retail markets. Established in 1906, Kislak's market leadership position and longevity is due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak's prestigious client base includes individual investors and owners, partnerships, financial institutions and REITs. The firm's 30 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Virginia, Connecticut and Delaware.

For more information on The Kislak Company, contact Jason I. Kislak, director of marketing, at its Woodbridge, NJ headquarters at 732-750-3000 or visit the Company's website at www.kislakrealty.com.