09.11.06
AMC Delancey Group's Kenneth P. Balin Named Chairman of the Philadelphia District Urban Land Institute
Several Other Executives Join Balin on the Board

Contact
Michael J. LaCosta, Beckerman Public Relations
(908) 781-6420, michaelj@beckermanpr.com

PHILADELPHIA (SEPTEMBER 11, 2006) - Kenneth P. Balin, president and chief executive officer of AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, has been elected chairman of the Urban Land Institute (ULI) Philadelphia District Council, an organization of more than 800 professionals throughout the Eastern half of Pennsylvania, the Southern half of New Jersey, and all of Delaware.

“Around the world, ULI has become the most respected and significant land use and development organization in our industry, and I’m very proud to become the new chair of the Urban Land Institute Philadelphia District Council,” said Balin. “I go into this role with a tremendous sense of excitement about where ULI is today, and more importantly, how the organization will influence positive change in the way we use land in order to enhance the total environment.”

Joining Balin on the ULI Philadelphia District Council leadership committee is assistant chair Christopher P. Terlizzi of Citizen’s Bank, and treasurer Richard J. Farley, AIA, PE, of Kling.

“In the upcoming year, ULI Philadelphia will continue to grow with new initiatives, important ongoing programming and significant community outreach,” added Balin. “Specifically, ULI is a forward-thinking organization on the cutting edge of all regional land use issues, as well as a leader in smart growth and preserving city infrastructure. Through its programs, research and collaborative initiatives, ULI engages the most significant thinkers, the leading practitioners, and influential experts to advance land use policy and real estate development.”

Kenneth P. Balin is a 30-year veteran of the commercial real estate industry. He founded AMC Delancey Group, Inc. in 1992 and has since directed the development and implementation of the firm’s operational and investment strategies. Prior to founding AMC Delancey, Balin was president and co-founder of Amerimar Realty Company in 1987 and was a real estate partner and senior executive with affiliates of Bass Brothers Enterprises and the Robert M. Bass Group of Fort Worth, Texas.

In addition, Balin is a member of the Central Philadelphia Development Corporation, Lambda Alpha, the International Council of Shopping Centers, the World Presidents’ Organization, and is on the Board of Haven Homes, a modular home manufacturer. He is a founding member of the Zell-Lurie Real Estate Center of the Wharton School of the University of Pennsylvania, and has served on the boards of many philanthropic and community organizations. Balin is also a licensed real estate broker and a frequent guest lecturer and speaker in the real estate investment industry.

Balin holds a bachelor’s degree from Northwestern University and a MBA from the Wharton School of the University of Pennsylvania.

About ULI
The Urban Land Institute is a nonprofit education and research institute that is supported and directed by its members. Its mission is to provide responsible leadership in the use of land in order to enhance our total environment. Established in 1936, the Institute today has over 20,000 members and associates representing the entire spectrum of the land use and development disciplines. It is comprised of developers, builders, property owners, investors, architects, public officials, planners, real estate brokers, appraisers, attorneys, engineers, financiers, academics, students, and librarians.

The objectives of the ULI District Council Program are to provide a forum for exchange of information about real estate and planning issues at the local level, offer associate members additional opportunities to interact with full members and to participate in ULI programs, raise awareness of local land use issues among public officials, academics, students, and the public at large and introduce nonmembers to ULI and its high-quality programs.

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About AMC Delancey Group, Inc.
Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a leading real estate investment and development firm that aligns interests and co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's programmatic approach focuses first on the quality of potential operating partners, next on their investment strategies, and then on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and future investment programs throughout the United States, with both existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information on AMC Delancey Group, visit www.amcdelancey.com .

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