03.28.05
AMC DELANCEY GROUP ELECTS JOSEPH GYOURKO TO BOARD OF DIRECTORS
Distinguished Wharton Professor Expands Role at AMC Delancey

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Kathleen Pallas, Beckerman Public Relations
(908) 781-6420, Kathleen@beckermanpr.com

PHILADELPHIA, PA, MARCH 28, 2005 ö AMC Delancey Group, Inc., a Philadelphia, Pennsylvania-based national real estate investment company, announced that Senior Advisor, Dr. Joseph Gyourko, has been elected to the companyâs Board of Directors. In this role, Dr. Gyourko will be responsible for helping to strategically counsel AMC Delancey as it continues to expand in targeted markets across the country.

Kenneth P. Balin, President and CEO of AMC Delancey Group, said, ãWe are thrilled to have Joe as a member of our companyâs Board of Directors. He is an exceptionally talented real estate and business professional who will continue to provide us invaluable insights into the macroeconomic factors impacting the real estate industry and our investment portfolio. At AMC Delancey, we are passionate about creating a culture based on the most exceptional talent, energy and vision, and Joe is a wonderful affirmation of our commitment to consistently expand our intellectual verizons.ä

In the capacity of Senior Advisor for AMC Delancey, Gyourko has consulted the company on a myriad of strategic real estate issues including investment strategy and economic trends as they relate to investment opportunities, overall market trends and future growth strategy.

The distinguished professor is a highly acclaimed academic researcher and editor in the field of real estate, and has been on the Wharton faculty for 20 years. Gyourko currently serves as the director of the prestigious Samuel Zell and Robert Lurie Real Estate Center at The Wharton School, where he is the Martin Bucksbaum Professor of Real Estate and Finance. He previously served as Chair of Whartonâs Real Estate Department and as Coordinator of the Departmentâs Ph.D. program. Additionally, Dr. Gyourko is a Nonresident Senior Fellow, The Brookings Institution, Center on Urban and Metropolitan Affairs, Washington, D.C., and a Trustee of the Urban Land Institute.

Gyourko is a Phi Beta Kappa graduate of Duke University and a holds a doctorate in Economics from the University of Chicago.

Gyourko commented, ãAMC Delancey is one of the leading investment firms in the commercial real estate industry, and I am very proud to be expanding my role with this firm. AMC Delanceyâs unique business strategy of partnering with local operators in select markets is one of the most interesting and successful philosophies I have been exposed to. As such, my role presents a wonderful opportunity to assist AMC Delancey with expanding their platform, while preserving their unique business approach.ä

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 .