Morgan Stanley acted as financial adviser to Koger in thetransaction. Wachovia Securities served as financial adviser andplacement agent for Apollo. Fleet Securities provided financing andacted as lead arranger for the transaction.

Koger Equity now owns and operates 12 suburban office parks andtwo freestanding buildings containing nearly seven million rentablesf and manages eight suburban office parks and two freestandingbuildings containing nearly four million rentable sf.

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