Amstar and Renaissance Announce Grand Opening of 100% Leased Kozzy Retail Center in Istanbul, Turkey

ISTANBUL, May 26, 2010 - Amstar and Renaissance Development celebrated during April the grand
opening of Kozzy Shopping Center, the Kadikoy district's newest neighborhood
retail project offering local residents a diverse, high-quality mix of 60
international and domestic retailers, a nine-screen cinema, indoor and
outdoor restaurants and cafes and 260 underground parking stalls. At grand
opening, the 40,000-square-meter (430,560-square-foot) center was 100% leased
with more than 70% of the shops open to the public.

"The strong leasing demand for this project supports our partnership's
investment thesis of developing institutional-quality real estate in
under-supplied markets," said Jason Lucas, Senior Vice President at Amstar.

Amstar in partnership with Renaissance developed and leased the project.
Construction began in 2008 and the development team partnered with the
Kadikoy Municipality to secure a ground lease of the Municipality's land in
exchange for an office and theatre component reserved for the Municipality's
use.

Amstar and Renaissance formed a joint venture to develop projects
throughout Russia and Turkey. In addition to Kozzy, the partnership is
developing shopping centers in Adana, Turkey, Novosibirsk, Russia and has a
strong pipeline of future projects.

About Amstar:

Established in 1987, Amstar is a real estate investment manager that
offers both commingled funds and tailored separate accounts to its
international and domestic clients. With more than US$1.65 billion of assets
under management, Amstar's current portfolio consists primarily of retail,
office, hospitality and multifamily holdings within the major markets of the
United States and select markets in Europe and Latin America. For more
information about Amstar visit the company's website at www.amstar.com
or contact Jason Lucas at +1-303-534-6322.

About Renaissance:

Renaissance is one of the leading general contractors and commercial real
estate development groups in Russia, Turkey, Ukraine and Libya, and is
expanding into Turkmenistan and the Gulf countries. During its 15 years of
operations, Renaissance has completed more than 420 projects valued at over
US$5.0 billion. Currently, the Company has over 11,000 employees working at
32 different locations. Engineering News Record ranked Renaissance 3rd in
"Retail", 18th in "General Building" and 85th "Top International Contractor"
in the world in December 2009. For more information about Renaissance visit
the company's website at www.rendvlp.com.

Jason Lucas of Amstar, +1-303-534-6322