KISLAK NAMED 2009 COSTAR POWER BROKER FOR MULTIFAMILY TRANSACTIONS IN NORTHERN NEW JERSEY
Kislak Among the Best of the Best in Commercial Real Estate Brokerage

Woodbridge, NJ, May 10, 2010 - /FLIERWIRE/-- WOODBRIDGE, NJ, May 10, 2010 — The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region has been named a "2009 Power Broker" by CoStar Group, Inc., announced Jeffrey Wiener, president and co-managing director. The CoStar Power Broker Awards recognize the top real estate brokerage firms and individual dealmakers by market based on overall transaction volume during the previous year.

Kislak, which is now in its 104th year, was among ten firms recognized for multifamily sales transactions throughout the northern New Jersey market in 2009. CoStar's Power Broker Awards are based on transaction data in CoStar's commercial real estate database, which is the largest, independently researched database of commercial real estate property information available online.

"It is an honor for Kislak to once again be recognized as a CoStar Power Broker for our multifamily sales in northern New Jersey," said Wiener. "I am especially proud of the accomplishments of our salespeople. This recognition is a testament to their hard work, perseverance and ability to close transactions despite what was happening elsewhere in the commercial real estate market."

"I am constantly asked about the state of the market," added Wiener. "Our market - New Jersey, eastern Pennsylvania, southern New York and Delaware - is relatively healthy. We did not experience the overdevelopment, level of condominium conversions and speculation that led to the dramatic market highs and lows that we have witnessed in parts of the Southeast and Southwest. Nor have we experienced an overabundance of distressed properties available at significant discounts. Investors continue to seek the stability and reliable returns for which our market is known."

"Multifamily properties provide a safe place to invest where owners can get a decent sheltered return, especially compared to the low returns presently offered by banks," added Robert Holland, senior vice president and co-managing director. "Despite the recent gains in the stock market, investors also remain cautious given its volatility in the last few years. Multifamily properties are generally safe long-term investments especially in our markets. In New Jersey, for example, vacancy rates remain relatively low, rents are among the highest in the nation and we are experiencing an increased demand for multifamily properties."

Kislak's recent multifamily sales throughout northern New Jersey include the following:
• $14 million sale of 143 units in Hudson County
• $11.5 million sale of 177 units in Essex County
• $10 million sale of 72 units in Bergen County
• $7.1 million sale of 84 units in Union County
• $4.4 million sale of 51 units in Passaic County

The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is recognized as the dominant investment sales company serving the multifamily 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 REITs. The firm's 25 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.