NXL New Plan Excel Rlty TR

Tri-State Area REITs Join Together for a Common Cause - $47,000 raised for New Alternatives for Children - NEW YORK, Dec. 9 /PRNewswire-FirstCall/ -- New Plan Excel Realty Trust, Inc. (NYSE:NXL), one of the nation's largest real estate companies, is pleased to announce the successful execution of "REITs for NAC," a philanthropic effort set forth by the real estate investment trusts (REITs) and their financial partners located in the tri-state area. The goal of REITs for NAC was to pool the resources of the REIT industry to raise $35,000 to jointly sponsor a holiday event for a group of very special children supported by New Alternatives for Children (NAC). Through the generosity of this group, approximately $47,000 was raised, far exceeding the group's original goal. NAC is a unique nonprofit agency in New York City whose exclusive mission is to provide a comprehensive range of effective services for children who have physical disabilities and/or chronic illnesses. Participants in the program include Arbor Realty Trust, Inc.; Capital Lease Funding, Inc.; CRIIMI MAE Inc.; Kimco Realty Corporation; Monmouth Real Estate Investment Corporation; New Plan Excel Realty Trust, Inc.; One Liberty Properties; Reckson Associates Realty Corp.; SL Green Realty Corporation; Vornado Realty Trust; and W. P. Carey Co. LLC; as well as their financial partners, including Bear Stearns; Citigroup; Current, Inc.; JPMorgan; Merrill Lynch; and Tri-State Financial Printing. Approximately $8,000 of the funds collected was from New Plan's employees who also collected over 100 toys for the upcoming event. REITs for NAC combined efforts will enable New Alternatives for Children to bring a memorable holiday experience to medically fragile children. Every family served by NAC is invited to the holiday party with attendance totaling approximately 1000 people, including almost 600 children. This year's celebration, with a Masquerade Ball theme, will be held in New York City. The day will include music and other entertainment, activities for children and families, and a wonderful holiday dinner for everyone. Individualized holiday gifts are provided to children and parents alike and transportation is available for anyone who cannot travel to the event on their own -- an essential service for many of the medically fragile children served by NAC. "New Plan is honored to be part of such a wonderful program, bestowing these deserving children an opportunity to celebrate the holiday season and to spend time together with their friends and families," said Glenn J. Rufrano, Chief Executive Officer of New Plan. "We are especially appreciative and proud of the generous effort set forth by our fellow REITs and partners to provide for such a memorable day." "The staff and the Board of NAC are delighted with the enthusiasm shown by the tri-state area REITs, their partners and the New Plan employees who generously participated in this program," stated Arlene Goldsmith, Ph.D., Executive Director of NAC. "Through their efforts the children serviced by NAC will be able to take time out from their daily routines to have fun and excitement. We also thank those New Plan and W.P. Carey employees who are also volunteering their time to help with the logistics of hosting a party for 1000 people." NAC is a not-for-profit health and social services agency whose exclusive mission is to serve children with disabilities and their families. They provide comprehensive health and social services to support family preservation, reunification or adoption. Within the community, their goal is to provide and coordinate comprehensive services for their clients' physical, social, educational, recreational and healthcare needs. Visit http://www.nac-inc.org/ for more information. New Plan Excel Realty Trust, Inc. is one of the nation's largest real estate companies, focusing on the ownership and management of community and neighborhood shopping centers. The Company operates as a self-administered and self-managed REIT, with a national portfolio of 403 properties, including 24 properties held through joint ventures, and total assets of approximately $3.8 billion. Its properties are strategically located across 35 states and include 381 community and neighborhood shopping centers, primarily grocery or name-brand discount chain anchored, with approximately 55.6 million square feet of gross leasable area, and 22 related retail real estate assets, with approximately 1.8 million square feet of gross leasable area. For additional information, please visit http://www.newplan.com/. DATASOURCE: New Plan Excel Realty Trust, Inc. CONTACT: Stacy Lipschitz-Slater, Senior Vice President - Corporate Communications, New Plan Excel Realty Trust, Inc., +1-212-869-3000, Web site: http://www.newplan.com/ http://www.nac-inc.org/

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