Forest City Enterprises, Inc., a $10.5 billion* publicly traded real estate company, is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. A NYSE-listed real estate company (NYSE: FCEA and FCEB), based in Cleveland, Ohio, its portfolio includes interests in retail centers, apartment communities, office buildings and hotels throughout the United States.

Established in 1920, Forest City operates under three strategic business units: Commercial, Residential and Land Development. It is committed to building superior, long-term value through a consistent strategic focus on projects in markets with high-growth potential and challenging barriers to entry. In addition, the Company has recently established an office and leadership presence in London, through which it is exploring a variety of potential international opportunities.

The company offers:

• The credentials to pursue and win unique real estate development opportunities.
• The resources to successfully complete even the most complex mixed-use projects.
• A long-term commitment to invest in its core, high-value properties.
• A focus on urban and suburban growth markets where it enjoys distinct, competitive advantages.
• An experienced management team that includes three generations of the Ratner/Miller/Shafran families.
• An unyielding entrepreneurial spirit, which keeps the development pipeline full of exciting, high-growth opportunities.
• A dedication to strategically balancing environmental resources, economic objectives and social systems.

* (as of 06/05/08)