PAUL COMMITO JOINS AMC DELANCEY GROUP AS VICE PRESIDENT AND DIRECTOR OF DEVELOPMENT
Commito to Oversee Development Functions for Company's Florida Investments

Philadelphia, PA, Mar 21, 2007 - /FLIERWIRE/-- PHILADELPHIA (March 21, 2007) - AMC Delancey Group, Inc., a Philadelphia-based, leading national real estate investment and development firm, today announced that Paul J. Commito has joined the company as vice president and director of development.

In his new role out of AMC Delancey's Philadelphia headquarters, Commito will be responsible for the oversight of development functions for the company's real estate investments in Florida. Commito will direct all development activities for Dolphin Reef, a 980-unit, master-planned waterfront community in Jacksonville, Fla.

"We are very excited to have Paul join our team," said Kenneth P. Balin, president and CEO of AMC Delancey Group. "His extensive management experience in acquisitions and property development in both residential and commercial real estate will help provide valuable insight, while helping to increase return ratio on our various investments."

Prior to joining AMC Delancey, Commito was assistant vice president and director of acquisitions for the Urban Division of Toll Brothers, Inc. At Toll Brothers, Commito was responsible for the start-up of the Urban Division, the acquisition and development of urban infill properties throughout the country, as well as growing the division and generating revenue. Prior to Toll Brothers, Commito was vice president of ACS Development Corporation, a commercial and residential real estate development and construction firm in Chelsea, Mass.

Commito holds a Master in Business Administration from Western New England College, and a Bachelor of Arts from Boston College, where he graduated magna cum laude. He currently resides in Pennington, N.J. with his wife and son.

About AMC Delancey Group
Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a leading real estate investment and development firm that aligns interests and co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's programmatic approach focuses first on the quality of potential operating partners, next on their investment strategies, and then on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and future investment programs throughout the United States, with both existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information, visit www.amcdelancey.com.