06.30.08
AMC Delancey Group Secures More Than $28 Million For Sale of Edison Commons Shopping Center
Investment Fund Used to Purchase Property Closes with More Than 24 Percent IRR

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

PHILADELPHIA (June 30, 2008) – AMC Delancey Group, Inc., a leading national real estate investment and development firm, today announced that it has completed the sale of its Edison Commons shopping center to a subsidiary of MCC Realty Investments, LLC, for $28.35 million.

Located on Lincoln Highway (Route 27) near the New Jersey Turnpike in Edison, N.J., Edison Commons comprises more than 150,000 square feet of retail space. Metro Commercial Real Estate, Inc. and CB Richard Ellis served as co-brokers in the transaction.

“In achieving our strategic plan for renovating and stabilizing Edison Commons, we provided our investors with a tremendous financial return,” stated Kenneth P. Balin, president and CEO of AMC Delancey Group. “The Edison Commons investment realized a 22 percent internal rate of return, and investors more than doubled their money.”

Edison Commons was one of two projects purchased through a $5.2 million AMC Delancey investment fund formed in 2003. The other, a portfolio of industrial and warehouse buildings near Harrisburg, was sold in 2007. On an aggregate basis across both projects, the fund’s investors enjoyed a 24.5 percent internal rate of return and an equity multiple of 2.24.

Michael C. Wachs, chief investment officer of AMC Delancey Group, stated, “Divesting of Edison Commons at this time is consistent with our efforts to focus our corporate and financial resources on the senior living industry. We anticipate that many of the investors in the Edison program will invest in our next fund for the development and acquisition of senior living and other multi-family projects.”

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 pursues value-added projects with strategic partners throughout the United States. Based in Philadelphia, the company’s programmatic approach focuses on viable, long-term investment strategies with partners who share a commitment toward improving quality of life. While focusing primarily on senior living development and operations, the company also has investments in hotel, office, retail, multi-family, condominium and mixed-use assets, as well as land development. For more information, visit www.amcdelancey.com.

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