NEWPORT BEACH, Calif., Sept. 2 /PRNewswire/ -- Pacific Gulf Properties
Inc. (NYSE: PAG) announced today that John K. Alstrom has joined the company
as director of senior acquisitions.  Mr. Alstrom will assume responsibility of
all acquisitions for Pacific Gulf's growing portfolio of rental communities
for active seniors age 55 and older.  This will include identifying land
parcels for development of new seniors communities, along with locating
existing properties which fit the company's criteria for this segment of its
portfolio.
    "The creation of this position provides the company with the resources
needed to more intently focus on the expansion of our active seniors
portfolio," said Glenn L. Carpenter, chairman of the board and chief executive
officer.  "Not only will the company continue to acquire, operate and develop
our portfolio of industrial business parks and distribution facilities, but
with the addition of Mr. Alstrom to the company's management team, Pacific
Gulf is in a position to achieve its strategic plan to increase its holdings
in the area of active senior living," added Carpenter.
    Mr. Alstrom has more than 25 years of experience in all aspects of real
estate including acquisition, development, management and marketing, and has
had responsibility for more than 11 million square feet of commercial projects
throughout California in the various capacities listed above.
    Most recently, Mr. Alstrom was director of commercial development for The
Allen Group, a real estate development and investment firm headquartered in
San Diego; Mr. Alstrom was based in its regional office located in Visalia,
Calif.  Over the course of his career, Mr. Alstrom has also held executive
positions with Diversified Developers Group and Pearson Realty, both of
Fresno, Calif.; Charles Dunn Co., Los Angeles; Hillman Properties West, Inc.
and The Irvine Company, both of Newport Beach, Calif.; and John D. Lusk & Son,
Irvine, Calif.
    Mr. Alstrom received a bachelor's degree in business management from
Brigham Young University in Provo, Utah.  He is also a member of the Urban
Land Institute.
    Pacific Gulf Properties is a real estate investment trust that owns,
develops and manages a growing portfolio of industrial properties targeting
small to mid-size tenants in selected high-growth western markets.  The
company's industrial portfolio includes 67 properties encompassing more than
14 million square feet of space.  Pacific Gulf also maintains a smaller
multifamily portfolio that includes eight rental communities comprising almost
1,500 units designed for the burgeoning population of active seniors age 55
and older.  The company is headquartered in Newport Beach, Calif.
    Forward-looking statements and comments in this press release are made
pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934.  Such statements relating to, among other things,
events, conditions, prospects and financial trends that may affect the
company's future plans of operations, business strategy, growth of operations
and financial position, are not guarantees of future performance and are
necessarily subject to risks and uncertainties, some of which are significant
in scope and nature, including without limitation, increased competition,
adverse economic trends, increasing interest rates and other factors.

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