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Constellation Real Technologies Announces The Promotion of Peter Shepard to Executive Director

Denver, CO - (December 1, 2003) - Constellation Real Technologies, LLC announced today that Peter Shepard has been promoted from Vice President to Executive Director. In this new role, Mr. Shepard will report to the Board of Directors and will assume overall responsibility for the operations of the fund.

Constellation Real Technologies, LLC is a real estate technology consortium and venture capital fund. Constellation’s goals are to share technology knowledge and best practices among its Members; discern best-of-breed technologies and enterprises in numerous strategic sectors; invest capital in best-of-breed companies where appropriate; sponsor and incubate real estate-related technology enterprises; and act as an opportunistic consolidator. Constellation is comprised of fourteen Members including the three largest public real estate companies by market capitalization. Constellation’s members own approximately $70B of real estate of all major property types. For additional information about Constellation please visit http://www.constellationllc.com.

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