Real Estate

HARTFORD, Conn., May 16 /PRNewswire-FirstCall/ — CBRE Realty Finance,
Inc. (NYSE: CBF) today announced that it has filed a primary shelf
registration statement with the Securities and Exchange Commission (the
“SEC”) for the offering and sale from time to time of up to $300 million of
equity securities. The timing of any such offering or sale will be
determined by management based on their evaluation of business and market
conditions, among other factors. The nature and terms of any securities to
be offered and sold under the registration statement will be established at
the time of sale and will be described in related prospectus supplements to
be filed with the SEC from time to time.

Kenneth J. Witkin, president and chief executive officer, commented,
“As we indicated in November 2007, we are moving forward with our shelf
registration. While we have no near term intention to issue the equity off
the shelf, we believe it will provide us with flexibility to access the
public equity capital markets at such times as we deem appropriate.”

The registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not be
sold nor may offers to buy such securities be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction.

About CBRE Realty Finance, Inc.

CBRE Realty Finance, Inc. is a commercial real estate specialty finance
company primarily focused on originating, acquiring, investing in,
financing and managing a diversified portfolio of commercial real
estate-related loans and securities. CBRE Realty Finance has elected to
qualify to be taxed as a real estate investment trust, or REIT, for federal
income tax purposes. CBRE Realty Finance is externally managed and advised
by CBRE Realty Finance Management, LLC, an indirect subsidiary of CB
Richard Ellis Group, Inc. and a direct subsidiary of CBRE/Melody & Company.
For more information on the Company, please visit the Company’s website at
http://www.cbrerealtyfinance.com.

Forward-Looking Information

This press release contains forward-looking statements based upon the
Company’s beliefs, assumptions and expectations of its future performance,
taking into account all information currently available. These beliefs,
assumptions and expectations can change as a result of many possible events
or factors, not all of which are known to the Company or are within its
control. If a change occurs, the Company’s business, financial condition,
liquidity and results of operations may vary materially from those
expressed in its forward- looking statements. The factors that could cause
actual results to vary from the Company’s forward-looking statements
include the Company’s future operating results, its business operations and
prospects, general volatility of the securities market in which the Company
invests and the market prices of its common stock, the Company’s ability to
begin making investments in the future, availability, terms and development
of short-term and long-term capital, availability of qualified personnel,
changes in the industry, interest rates, the debt securities, credit and
capital markets, the general economy or the commercial finance and real
estate markets specifically, performance and financial condition of
borrowers and corporate customers, increased prepayments of the mortgage
and other loans underlying the Company’s investments, the status of the
class action lawsuit, the potential derivative shareholder claim and any
future litigation that may arise, the ultimate resolution of the Company’s
three non-performing loans totaling $94.8 million and the Company’s three
watch list loans totaling

9.8 million, the monetization of the Company’s
joint venture investments, the outcome of the Company’s exploration of
operational and strategic initiatives, and other factors, which are beyond
the Company’s control. The Company undertakes no obligation to publicly
update or revise any of the forward-looking statements. For further
information, please refer to the Company’s filings with the Securities and
Exchange Commission.



FOR FURTHER INFORMATION
AT CBRE REALTY FINANCE:
Michael Angerthal
Chief Financial Officer
(860) 275-6222
michael.angerthal@cbrerealtyfinance.com


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Source: Real Estate Newswire