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FOR IMMEDIATE RELEASE

The Residences At The Market Common

Now Accepting Lease Applications

Arlington, Virginia – November 1, 2001– The very best in urban apartment living is now available in the heart of Arlington, VA. The Residences at The Market Common is now accepting lease applications for rental units to be occupied in 2002.

The Residences at The Market Common includes 300 Class-A apartment units including studio, one-bedroom, one-bedroom with den and two-bedroom style units. In addition many units feature fireplaces, expansive private deck areas and a select number are unique two-level lofts. Designed to satisfy the most discerning taste, each distinctive residence includes plush wall-to-wall carpeting, ample built-in closets, and pre-wired communication cabling, ceramic tile floors and designer lighting in foyers, kitchens and bathrooms, as well as premium GE appliances.

The three building complex will prove to be an outstanding option for Arlington residents, combining the convenience and diversity of urban living with the village charm of the historic Clarendon neighborhood” says Patti Hamilton Higgins, Regional Manager, of the property management team of RREEF. “It is a place where people will enjoy the easy access and exceptional selection of lifestyle amenities including shops, restaurants, and public transportation.

Financing for the project was arranged by RREEF, a national real estate investment advisor who is also a partner in the project. Leasing and management is provided by RREEF. Construction financing is provided by a banking group led by the Fleet Bank and includes BankOne and PNC Real Estate Finance. The architect is Antunovich Associates of Chicago, IL.

For local information, office number and brochure requests, please call (703) 528-9566.

About McCaffery Interests, Inc.
Chicago-based McCaffery Interests, Inc., was founded in 1991 and is a nationally recognized developer of quality urban retail and entertainment centers. In addition to the Block E development, other current projects include Clarendon Centre The Market Common, Clarendon, a 10-acre multi-use complex in Arlington, Va.

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Media Contact:
Pamela Austin
McCaffery Interests, Inc
Ph: (312) 944-3777 x-31
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Media Contact:
Stephanie Orton Lynch
MJ Marketing
Ph: (703) 683-9631
Mbl: (703) 405-0728
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