RPB Republic Property Tr

Republic Property Trust (NYSE: RPB) today announced that its Board of Trustees has formed a Special Committee to evaluate strategic alternatives. Such alternatives could include: evaluating exercising the Company�s rights with respect to one or more Option Properties; a joint venture; a possible sale of the Company; a merger transaction; or continuing to execute on the Company�s business plan on a stand-alone basis. Last week, the Company received an unsolicited indication of interest � with no specific price or terms � from another public REIT. It is contemplated that this and any other expressions of interest will be referred to the Special Committee and its advisors for their evaluation and consideration. The Company advises that it has not set a definitive timetable for completion of its evaluation and emphasizes that there can be no assurance that the exploration of strategic alternatives will result in a transaction. The Company will not publicly disclose further information regarding the status of its evaluation until the process has been completed or unless or until the Company deems necessary or appropriate. About Republic Property Trust Republic Property Trust is a fully integrated, self-administered and self- managed real estate investment trust formed to own, operate, lease, acquire and develop primarily Class A office properties. The Company's current portfolio is focused in the Washington, D.C. metropolitan, or Greater Washington, D.C., market. Republic Property Trust also selectively seeks fee-based development opportunities for all real estate classes. Safe Harbor Various statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "strategy," "plan," "project," "believe," "anticipate," "intend," "should," "will," "expect," "estimate," and similar expressions identify these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to differ materially from historical results or from any results expressed or implied by these forward-looking statements, including without limitation: national and local economic, business, real estate and other market conditions; the competitive environment in which the Company operates; financing risks; property management risks; the level and volatility of interest rates; financial stability of tenants; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition, disposition, development and joint venture risks; potential environmental and other liabilities; the Company's ability to pay its estimated distribution at its current rate; the impact of potential management changes; the Company's ability to acquire its options properties; the outcome of any material litigation; the outcome of its evaluation of strategic alternatives; and other factors affecting the real estate industry generally. The Company refers you to the documents filed by it from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K (as amended by Form 10-K/A) and Quarterly Reports on Form 10-Q, each of which discusses these and other factors that could adversely affect the Company's results. The Company does not undertake a duty to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.