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FOR IMMEDIATE RELEASE
March, 2005

THE SHELTER GROUP NAMES LO CASCIO SENIOR VICE PRESIDENT

Baltimore, Md.—The Shelter Group, a nationally known developer and manager of apartment and senior living communities, recently named Linda T. Lo Cascio Senior Vice President. In this position Ms. Lo Cascio is responsible for Shelter's Affordable Housing Group and oversees a group of developers, project managers and financial staff who are responsible for the company's mixed-income and affordable development work, including the process of identifying and applying for the related tax-credit financing that makes affordable housing possible.

Marilynn Duker, President of Shelter Development, notes that "Linda Lo Cascio brings a tremendous breadth and depth of development experience to Shelter. She is widely respected for her vision, leadership skills, and her ability to make things happen. We are very fortunate to have her join us to lead our Affordable Housing Group, an important cornerstone of Shelter's growth plans."

Prior to joining Shelter in 2005, Linda was a Vice President at Struever Bros. Eccles and Rouse, a national development firm headquartered in Baltimore. At Struever Bros., she was responsible for the acquisition, financing and development of multiple mixed-use real estate projects, including office, residential, retail, hotel, parking and public uses. She was responsible for projects with a combined value in excess of $300 million, including projects in Baltimore, Durham, North Carolina, and Nashville Tennessee. Prior to this, she was a Development Director at The Rouse Company. Before entering the development business, she served as Vice President of Operations for Allegheny General Hospital.

Linda serves on the Board of the House of Ruth. She is a Cum Laude graduate of the University of Virginia and has a Master of Public Health degree from the University of Pittsburgh.

About Shelter:
The Shelter Group is a national real estate development and property management company specializing in multi-family and senior living communities. From its founding in 1977, the value of Shelter's development portfolio exceeds $1 billion and the size of its management portfolio puts it within the country's fifty largest property management companies. The firm's portfolio contains a broad range of properties, including conventional multi-family real estate, as well as apartments, independent and assisted living communities for seniors. Shelter is one of the leading developers of LIHTCF-housing in the Mid-Atlantic region. For more information on The Shelter Group please visit www.TheShelterGroup.com.


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