This news release contains statements which constitute 鈥渇orward-looking information鈥 within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of AIP Realty Trust with respect to future business activities and operating performance. Forward-looking information is often identified by the words 鈥渕ay鈥, 鈥渨ould鈥, 鈥渃ould鈥, 鈥渟hould鈥, 鈥渨ill鈥, 鈥渋ntend鈥, 鈥減lan鈥, 鈥渁nticipate鈥, 鈥渂elieve鈥, 鈥渆stimate鈥, 鈥渆xpect鈥 or similar expressions and includes information regarding the ability to obtain regulatory and unitholder approvals and other factors. When or if used in this news release, the words 鈥渁nticipate鈥, 鈥渂elieve鈥, 鈥渆stimate鈥, 鈥渆xpect鈥, 鈥渢arget鈥, 鈥減lan鈥, 鈥渇orecast鈥, 鈥渕ay鈥, 鈥渟chedule鈥 and similar words or expressions identify forward-looking statements or information. Such statements represent the Trust鈥檚 current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Trust, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. These forward-looking statements are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. The Trust does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.