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CarrAmerica Names Executive Management Team

   CarrAmerica logo. (PRNewsFoto/CarrAmerica Realty Corporation)

WASHINGTON, DC UNITED STATES
    WASHINGTON, July 18 /PRNewswire-FirstCall/ -- CarrAmerica today
announced its executive management team following the close of the merger
with an affiliate of The Blackstone Group on July 13, 2006.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )

    Management Team
    Christopher Peatross, Chief Executive Officer (former Managing Director
for Northern California)
    Kurt Heister, Chief Financial Officer (former Senior Vice President &
Controller)
    Jeff Pace, Managing Director - Austin, Chicago, Dallas, Denver, Salt
Lake City
    Malcolm O'Donnell, Managing Director - Southern California
    Clete Casper, Managing Director - Seattle, Portland
    Phillip Thomas, Managing Director - Metropolitan Washington, D.C.
    Bill Simpson, Chief Information Officer
    Ken Simmons, Senior Vice President of the Washington, D.C. Development
Group
    Howard Weissman, Controller (former Vice President & Assistant
Controller)
    Christopher Peatross commented, "With this talented group of
professionals in place, we are excited to move forward as a private
company. The transition from a public company will enable us to be more
flexible and opportunistic in our approach to investments. The prior
management team, led by Tom Carr and Phil Hawkins, established an excellent
platform and reputation that we plan to continue." Mr. Peatross added, "Our
operations team will remain focused on 'business as usual': providing our
tenants with first-class, professional service."
    About CarrAmerica
    CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's
leading office companies by meeting the needs of its customers with
superior service, a large portfolio of quality office properties and
extraordinary development capabilities. Currently, CarrAmerica and its
affiliates own, directly or through joint ventures, interests in a
portfolio of 275 operating office properties, totaling approximately 24.8
million square feet. CarrAmerica's markets include Austin, Chicago, Dallas,
Denver, Los Angeles, Orange County, Portland, Salt Lake City, San Diego,
San Francisco Bay Area, Seattle and metropolitan Washington, D.C. For
additional information on CarrAmerica, including space availability, visit
our web site at http://www.carramerica.com.
    About The Blackstone Group
    The Blackstone Group, a global private investment and advisory firm
with offices in New York, Atlanta, Boston, Los Angeles, London, Hamburg,
Mumbai and Paris, was founded in 1985. Blackstone's real estate group has
raised approximately $13 billion for real estate investing and has a long
track record of investing in office buildings, hotels and other commercial
properties. In addition to Real Estate, The Blackstone Group's core
businesses include Private Equity, Corporate Debt Investing, Marketable
Alternative Asset Management, Mergers and Acquisitions Advisory, and
Restructuring and Reorganization Advisory. Information relating to The
Blackstone Group can be accessed on the Internet at
http://www.blackstone.com.


SOURCE CarrAmerica Realty Corporation




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Related links:
  • http://www.carramerica.com/
    Photo Notes:
    NewsCom: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO
    AP Archive: http://photoarchive.ap.org PRN Photo Desk
    photodesk@prnewswire.com
    CONTACT:
    Maureen C. Wheeler of CarrAmerica,
    +1-202-729-1756, or maureen.wheeler@carramerica.com