WRP Reis,

Wellsford Real Properties, Inc. (AMEX:WRP) announced today that its annual stockholder meeting will be held on November 17, 2005 at 9:30AM. The board of directors of WRP has fixed the close of business on October 11, 2005 as the record date for determining the stockholders entitled to receive notice of and to vote at the stockholder meeting. One of the purposes of this meeting is to consider and vote regarding the previously announced plan of liquidation and dissolution of WRP. WRP is a real estate merchant banking firm headquartered in New York City which acquires, develops, finances and operates real properties, constructs for-sale single family home and condominium developments and organizes and invests in private and public real estate companies.