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Eliason Real Estate Group Appoints Chief Operating Officer

FOR IMMEDIATE RELEASE

Eliason Real Estate Group Appoints Chief Operating Officer

ST. GERMAIN, WI (March 26, 2008) Eliason Real Estate Group recently appointed Joseph P. Candella as Chief Operating Officer. "Eliason's growth has been substantial – In 2007 we grew our multifamily real estate portfolio by nearly 300 percent," notes Jay Grooters, Chief Executive Officer of Eliason Real Estate Group. "To manage our growth and protect the interests of our investors, we decided to appoint a senior executive to oversee our operations and be certain our financial reporting systems, asset management and property management groups have a single focus on investors. These three areas have to operate seamlessly – as point person, Joe will be integral to ensuring that happens."

In this new position, Candella – former Senior Vice President of Asset Management at Eliason – will be responsible for directing the daily activities of the asset management, accounting, information technology, and property management departments. Candella will provide strategic oversight in the development of each of these areas, implement programs to improve reporting efficiencies, and streamline processes to better serve the investor.

"With nearly 30 years of experience in the real estate industry, Joe understands every facet of the business," adds Grooters. "He has firsthand knowledge of what it takes to manage properties in a manner that maximizes an investor's return, vast experience in financial and operational due diligence for acquisitions, and experience as a Chief Financial Officer at one of the leading national property management companies in the nation."

Joe earned a Bachelor of Science in Accounting from the University of Illinois – Chicago and is licensed as an Illinois Real Estate Broker and Nevada Real Estate Broker.

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About Eliason Real Estate Group
Based in St. Germain, Wisconsin, Eliason Real Estate Group is part of Eliason Incorporated, a real estate investment firm with a proven track record in real estate acquisition, financing, management and sales. The company's principals have collective experience that covers all types of real estate with a combined transactional value in the billions of dollars. For more information, call 866-ELIASON (866-354-2766) or visit the company's Web site at www.eliasoninc.com or www.e1031.com.