04.30.07
AMC Delancey Group Sells 12 Buildings In Over $30 Million Deal With Re Value Advisors, LLC.
AMC Delancey’s Pennsylvania Heartland Portfolio Includes 10 Buildings in Two Business Parks Along with Two Individual Buildings

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

PHILADELPHIA (April 30, 2007) – AMC Delancey Group, Inc., a Philadelphia-based, leading national real estate investment and development firm, today announced that it has sold its Heartland portfolio of 12 office, flex, warehouse and industrial buildings to Richmond, Virginia-based RE Value Advisors, LLC, for $30.45 million.

The Pennsylvania-based portfolio consists of a 102,384-square-foot office/warehouse building in Middletown; a 57,245-square-foot office/warehouse in Mechanicsburg; the four-building, 134,817-square-foot Pennsylvania Business Center in Camp Hill; and the six-building, 271,756-square-foot Fairview Industrial Park in Lewisberry.

“RE Value Advisors, LLC, is acquiring a portfolio of office, flex, warehouse and industrial space that immediately gives the company a superior presence in the central Pennsylvania marketplace,” stated Kenneth P. Balin, president and CEO of AMC Delancey Group. “The sale also significantly advances AMC Delancey’s goal of divesting all self-managed ‘legacy’ assets in favor of investing with operating partners in value-added strategies across multiple real estate classes. Other recent divestitures include the One Montgomery Plaza office building in Norristown; Cedar Run Corporate Center office building in King of Prussia; and the Gettysburg Village outlet center.”

The Pennsylvania Business Center is a planned business park consisting of four buildings with a combination of office, flex/office, and warehouse space. Developed in 1986, the Pennsylvania Business Center is located at the Slate Hill Road exit of State Route 15, just two miles north of the Pennsylvania Turnpike Exit 236 and three and one half miles from I-83 in the heart of the Central Pennsylvania Crossroads. Some of the existing tenants include the PA Department of Corrections, Herr’s Snack Foods and more.

The Fairview Industrial Park is a planned industrial park consisting of six freestanding, one-story buildings with a combination of warehouse, industrial, and office space. The industrial park is located at the interchange of I-83 at Exit 35 (old Exit 15), within the Harrisburg and York Region, and is conveniently located only four miles south of Interstate 76 (PA Turnpike) interchange at Exit 39B. Some existing tenants include Eagle Global Logistics, Ingersoll-Rand, Quantum Imaging, and Goodman Manufacturing.

About AMC Delancey Group
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, visit www.amcdelancey.com.

# # #