Mesirow Financial Adds Senior Talent to Institutional Real Estate Direct Investment Team
Continues to Strengthen Alternative Investments Platform

CHICAGO, February 12, 2013 — Mesirow Financial today announced that it has hired Andrea Pauls Backman as managing director and senior asset manager in its Institutional Real Estate, Direct Investments business. In this new role, Pauls Backman will co-oversee the asset management process for the group and also play an active role in client servicing.

Pauls Backman brings over 30 years of real estate experience in institutional real estate portfolio management, dispositions and accounting. Previously, she served as managing director and senior portfolio manager for Stockbridge Capital Group, a real estate investment management firm, where she was responsible for nine million square feet of multifamily, retail and industrial properties nationwide with a value of $600 million. She also was instrumental in the initial product development for Stockbridge's core real estate fund. Prior to joining Stockbridge, she was a director with RREEF Real Estate for nine years, where she managed real estate portfolios aggregating over $1 billion in total assets for several domestic and international public pension plans. Pauls Backman also served as senior vice president and portfolio manager for JMB Realty Corporation, where she was responsible for portfolio management, dispositions, tax strategy and client reporting for over $1 billion in real estate investments.

"We are thrilled to add a professional of Andrea's caliber to our team at this critical juncture in the growth of our business," said Alasdair Cripps, senior managing director and head of the Direct Investments group. "We recently closed on more than $379 million in equity, which positions us to acquire nearly $1.1 billion in real estate assets. Andrea's depth and breadth of experience across many facets of real estate investing will be an indispensable asset as we move forward to capitalize on the opportunities in the thriving multifamily marketplace. Moreover, I know my team is looking forward to working with Andrea. Her great reputation combined with her knowledge base of more than 30 years in real estate investing is a welcome addition to the team and to our alternatives platform as a whole"

"I am delighted to rejoin Alasdair and Guy Chiariello, with whom I have had the privilege to work with in the past," added Pauls Backman. "Mesirow Financial is carving out a strong niche in the global alternative investment space and I am eager to add my real estate expertise to the mix to help grow the platform."

Pauls Backman is a member of the Urban Land Institute (ULI) and Commercial Real Estate Executive Women (CREW) She received a master's degree in real estate finance from De Paul University and a bachelor's degree in accounting from Loyola University of Chicago. She is a CPA (inactive).

Mesirow Financial Institutional Real Estate Direct Investments, a division of Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor, incorporates a diversified value-added real estate portfolio with an emphasis on the U.S. multifamily sector.

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit its website at mesirowfinancial.com.

Mesirow Financial Institutional Real Estate Direct ("MFDRE") is a division of Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2013, Mesirow Financial Holdings, Inc. All rights reserved. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Any offer can only be made to Qualified or "accredited" investors through the appropriate Offering Memorandum. The Memorandum contains important information concerning risk factors and other material aspects of the investment and should be read carefully before an investment decision is made. Mesirow Financial does not provide legal or tax advice.

The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2013, Mesirow Financial Holdings, Inc. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s).

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