All types of commercial real estate properties, with theexception of healthcare and hospitality facilities, are targets forparticipation. The average acquisition price will range from $5million to $25 million per property. In all, the group expects toacquire between $250 million and $500 million in corporate-leasedproperties in 2005.

Gregg Fields and Patrick Pearson, who previously established acorporate sale/leaseback program for GE Capital, are co-managers ofthe new GMAC group. Together they have more than 50 years ofcombined experience in completing corporate-property transactionsat an aggregate of more than $2 billion.

Citing the managers' well-connected and innovative experience inthis field, Conrad Suszynski, EVP of GMAC Commercial Holding, says,"We are confident we can leverage our real estate expertise andleadership in the market to meet the needs of corporations seekingto monetize their real estate assets."