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 successfully completes Sale of Two Historic Commercial Use Homes in Downtown West Palm Beach, Florida.

WEST PALM BEACH, FL - April 15, 2002 - Reichel Realty is pleased to announce the sale of two historic commercial use structures located on 213 Rosemary Avenue and 601 Evernia Street in downtown West Palm Beach, Florida. This investment property was sold to Hibiscus House Downtown Holding Company, LLC of West Palm Beach, Florida. The property will be developed as a Bed & Breakfast Inn. The property sold for $750,000.00.

William B. Reichel, President successfully handled the transaction. Reichel Realty & Investments, Inc., exclusively represented the Seller, Public Policy West Palm Beach, Inc.

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