10.04.04
Michael C. Wachs Appointed to NAIOP Board of Trustees/Philadelphia Chapter

Contact
Stephanie W. Singer, Beckerman Public Relations
(908) 781-6420, Stephanie@beckermanpr.com

PHILADELPHIA, PA, OCTOBER 4, 2004 — AMC Delancey Group, Inc. a Philadelphia-based national real estate investment company, announced Michael C. Wachs, Principal and Vice President of Acquisitions, was selected to become a member of the National Association of Industrial and Office Properties (NAIOP) Board of Trustees, Greater Philadelphia chapter.

Wachs is also a member of the International Council of Shopping Centers and Lambda Alpha. He is a licensed real estate salesperson, a member of World Entrepreneur’s Organization and a Trustee of ProFunds, a family of mutual funds. Prior to joining AMC Delancey in 1996, Wachs held various positions with First Union National Bank. Wachs earned a Bachelor of Arts in Economics from George Washington University in 1983 and a Masters in Business Administration from Drexel University in 1991. He resides in Merion Station, Pennsylvania.

Kenneth P. Balin, president and chief executive officer of AMC Delancey Group, commented, “At AMC Delancey Group, we are proud to serve in a variety of leadership capacities within the real estate industry. Michael’s expertise and experience will no doubt lend itself to his position on NAIOP’s Board of Trustees.”

The Greater Philadelphia chapter of the NAIOP is nearly 90 members strong and offers monthly meetings on a broad range of topics of interest to developers, investors, brokers and more. The chapter also offers social outings including an annual golf tournament, networking, and cocktail parties. Meetings offer an excellent opportunity to hear about new ideas and best practice models in the industry as well as to network with and learn from peers. NAIOP is the nation’s leading trade association for developers, owners, investors and asset managers in industrial, office and related commercial real estate. Founded in 1967, NAIOP is comprised of more than 10,500 members in 48 North American chapters.

Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a long-term investor in real estate that delivers superior risk-adjusted financial returns by aligning interests with leading local operating partners and investors throughout the east coast. Headquartered in Philadelphia, Pennsylvania, the Company targets long-term relationships with operating partners from New England to Florida. For more information on AMC Delancey Group, visit www.amcdelancey.com.