GE RE Forms Japanese Alliance

GE Real Estate has agreed to a business alliance involving Japanese real estate investment trust LCP Investment Corp. and its asset manager, LCP REIT Advisors Ltd.Through the alliance, LCPRA will provide preferential rights to negotiate the acquisition of certain qualified residential assets in GE RE's portfolio, GE RE and its subsidiaries will sell assets to LCPIC, and a GE entity called New Mission Funding Corp. will acquire units in LCPIC. GE Real Estate can be found on the Web at http://www.gerealestate.com.