BENTLEYFORBES COMPLETES $80.5 MILLION SALE OF FIVE-PROPERTY WAREHOUSE/DISTRIBUTION CENTER PORTFOLIO LOCATED IN FOUR STATES

Buildings 100-Percent Occupied by Global Logistics Provider Kuehne & Nagel; Properties Located in Chicago, Boston, Atlanta and Raleigh Submarkets

LOS ANGELES (September 2006) – BentleyForbes, a national commercial real estate investment and operations company, has completed the $80.5 million sale of a five-property portfolio of warehouse/distribution center buildings to CB Richard Ellis Investors, a global real estate investment management firm, announced David Cobb, president and CEO of BentleyForbes.

In the transaction, BentleyForbes was represented by an Eastdil Secured brokerage team led by Randy Evans, managing director, and internally by Chad Lasdon, vice president acquisitions and dispositions with BentleyForbes.

“BentleyForbes continues to build its capital resources through strategic dispositions when appropriate, and we are constantly refining our portfolio to maximize stakeholder value,” said Cobb. “The disposition of this portfolio of high-quality, net leased warehouse buildings was well timed to meet the investment market’s continued demand for stable commercial real estate assets. Proceeds from this and other sales will go towards ensuring the ongoing expansion of our portfolio of properties in both the Class A office and luxury hospitality property segments, although the company continues to review potential single tenant acquisitions where appropriate.”

According to Cobb, since initiating a comprehensive review of its portfolio beginning in the last quarter of 2005, the company to date has refinanced approximately 1.7 million square feet of commercial property assets located in diverse markets and has sold, or is under firm contract to sell, another 2.2 million square feet of single tenant office, industrial and retail assets from within the company’s existing national portfolio. This effort has resulted in a significant capital infusion that has led to the acquisition of several multi-tenant, Class A trophy office properties in diverse national markets.

“This year marks an era of transition for the company, wherein we have finally made the shift from owning a portfolio of primarily single tenant, corporate occupied commercial properties to a portfolio mainly comprised of trophy, multi-tenanted office buildings in major metro CBDs and submarkets,” continued Cobb. “Through this strategic restructuring, which has included a number of timely disposition transactions generating significant cash reserves, the company will complete more than $1 billion in new property acquisitions before the 2006 year end.”

The five buildings, encompassing 1,487,955 square feet in total, are 100-percent leased in long-term agreements to global logistics and supply chain provider Kuhne & Nagel. Headquartered in Schindellegi, Switzerland, Kuhne & Nagel operates in 100 countries across six continents with services that include sea freight, air freight, contract logistics, rail freight, road transportation logistics, lead logistics and other special services.

Individual building details include:

13144-13150 S. Pulaski Rd., Alsip, Ill. – 369,809 square feet
12 Forge Park Dr., Franklin, Mass. – 236,331 square feet
4575 Lake Mirror Pl., Forest Park, GA – 423,000 square feet
2525 Whilden Ave., Durham, N.C. – 155,574 square feet
2532-2534 Whilden Ave., Durham, N.C. – 303,241 square feet

About BentleyForbes
Based in Los Angeles, BentleyForbes is one of the nation’s fastest-growing, privately-held commercial real estate investment companies. The Company is focused on acquiring and managing Class A or well-positioned office, retail and industrial/warehouse real estate assets in markets throughout the United States. Currently, the Company’s portfolio is valued in excess $1.75 billion, including properties that range from signature office buildings, shopping centers and industrial properties, to light manufacturing facilities and warehouses encompassing approximately 9.5 million square feet. The company’s portfolio includes trophy class A office buildings located in major-metro markets that include Washington D.C., Chicago, Dallas and Los Angeles as well as a variety of commercial property assets located in 14 states including: California, New York, Texas, Florida, Colorado, Massachusetts, Maryland, Ohio, North Carolina, Georgia, Wisconsin, Maine, Indiana, and Minnesota.

The Company is actively investing in multi-tenant commercial properties, focusing on acquiring signature, trophy assets tied to a high residual real estate value due to their locations in major MSAs and top submarkets nationally. BentleyForbes is also internationally recognized for its expertise in the acquisition and management of single tenant, sale-leaseback and net lease properties and continues to acquire such assets. For further information regarding BentleyForbes, its holding and investment strategies, please log on to the Company’s website at www.bentleyforbes.com.

CB Richard Ellis Investors, LLC
CB Richard Ellis Investors, LLC, a global real estate investment management firm with over $21 billion in assets under management, sponsors investment programs in the United States, Europe and Asia for institutional investors worldwide. In 2005, the firm closed $5.0 billion of new acquisitions throughout North America, Europe and Asia, and completed $2.3 billion in sales. As of June 30, 2006, the firm has closed $3.3 billion of new acquisitions, and completed $1.1. billion in sales.

CB Richard Ellis Investors is an independently operated affiliate of CB Richard Ellis Group, Inc. (NYSE:CBG), and harnesses the research, investment sourcing and other resources of the world's premier, full-service real estate services company for the benefit of its investor clients and partners. Including partners and affiliates, CB Richard Ellis has over 356 offices in more than 58 countries. For more information, please logon to www.cbreinvestors.com.

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