FOR IMMEDIATE RELEASE

CONTACT:
Sheryl L. Cautero
Office Administrator
Reichel Realty & Investments, Inc.
4524 Gun Club Road, Suite 212
West Palm Beach, Florida 33415
(561) 478-4440, Fax (561) 478-4442
scautero@reichelrealty.com
www.reichelrealty.com

Reichel Realty & Investments, Inc., announces Certified Property Manager® of the Year.

WEST PALM BEACH, FL - January 16, 2002 - Reichel Realty & Investments, Inc., is proud to announce that D. Glen Alexander, Sr. Vice President, Management Division has been awarded Certified Property Manager® of the Year by the Institute of Real Estate Management, Florida Atlantic Chapter #76 for the year 2001. This award is in recognition of Glen's contribution to the advancement of Real Estate Management as a profession.

IREM is a national organization affiliated with the National Association of Realtors®, dedicated to providing educational development to professional real estate managers.

Since 1987, Reichel Realty & Investments, Inc., has served the highly competitive commercial real estate market in South Florida. Reichel Realty serves a wide range of clients, from major institutional investors to regional developers to corporate and retail tenants.

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