Chestnut Hill Realty Announces New Property Manager at Norwest Woods

Chestnut Hill, MA – July 18, 2008 – Chestnut Hill Realty (CHR), one of New
England’s leading full-service real estate companies focused on multi-family
residential properties, announces the hiring of a new property manager at its
Norwest Woods location in Norwood, MA. Deb Bullens joins Chestnut Hill
Realty from Archstone Communities, a national apartment rental company,
where she worked in various locations throughout Massachusetts including
Canton, Watertown and, most recently, a property located in Waltham.

“Deb comes to us with over a decade of management experience and an
extensive background in property management,” said Bobby Zuker, Chief
Operating Officer of CHR. “Her experience, combined with her enthusiasm and
knowledge of the area, make her a fantastic addition to Chestnut Hill Realty’s
Norwest Woods location and will allow us to further develop and improve upon
this growing property.”

“I am very excited to join the Chestnut Hill Realty family,” said Bullens. “As a
longtime resident of Canton, I have a deep affinity for this community. I am
excited to get to know the residents of Norwest Woods and be a part of such a
vibrant, beautiful and well maintained property.”

Bullens’ responsibilities will include the daily management of the 352-unit
community, with a primary focus on developing and delivering exceptional
customer service to current and prospective new residents. She will also be
charged with overseeing the property’s maintenance and landscaping staff.

Norwest Woods combines relaxed countryside living, small town charm and easy
access to major metro areas. Its spacious one, two and three bedroom
townhouses and single-level one bedroom residences feature patios, park-like
views and Energy Star® appliances. Chestnut Hill Realty recently announced the
addition of 20 brand new one-bedroom apartments at Norwest Woods, designed
to reflect the architecture of the property’s signature clubhouse.

Other recent enhancements to the property’s amenities include a refurbished
baseball field, plus the addition of a half-basketball court, soccer field, and
walking path. These additions complement the existing tennis courts, pool and
clubhouse, a popular spot for parties and recreational activities.

About Chestnut Hill Realty
Chestnut Hill Realty, founded in 1969, owns and manages more than 3,700 residential
rental units in the Greater Boston area and Rhode Island. Other service offerings include
property management, corporate housing, home sales, commercial leasing and
development. Corporate offices are located at 300 Independence Drive, Chestnut Hill,
MA 02467. For more information about Chestnut Hill Realty, visit
www.chestnuthillrealty.com.