Bank of America Adds John Perkins For Real Estate Investment Banking

    NEW YORK, July 23 /PRNewswire/ -- Bank of America today announced that
 John Perkins will join its market leading Real Estate Investment Banking
 Group in September as a managing director with senior client coverage
 responsibility. Perkins will be based in New York and will report to Ron
 Sturzenegger, Global Head of the Real Estate Investment Banking Group.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
     "John represents a continuation of our commitment to hiring the top
 real estate investment banking talent in the industry and we look forward
 to welcoming him," said Sturzenegger. "He brings a tremendous breadth of
 real estate industry and regional market knowledge as well as product
 expertise, and will serve an important senior leadership role on our New
 York-based team."
     Perkins joins Bank of America from JP Morgan Securities, where he has
 worked for the last 12 years on a broad spectrum of M&A, equity and debt
 capital-raising transactions for clients across the real estate, lodging
 and gaming industries. Prior to beginning his investment banking career,
 Perkins was an architect at Pei Cobb Freed & Partners in New York.
     Perkins holds a master of science degree in real estate from the
 Massachusetts Institute of Technology as well as architecture degrees from
 Yale University and Pennsylvania State University.
     Bank of America was the leading M&A advisor for announced U.S. real
 estate M&A transactions in 2006, according to SDC. The firm's Real Estate
 Group is also the leading M&A advisor year-to-date* on announced U.S. real
 estate transactions based on dollar volume, according to SDC. Underscoring
 its industry leadership, Bank of America served as an advisor to Blackstone
 Real Estate Partners on its acquisition of Equity Office Properties Trust
 for approximately $39 billion; to CNL Hotels & Resorts, Inc., on its
 acquisition by Morgan Stanley Real Estate and sale of 51 hotel properties
 to Ashford Hospitality in a transaction valued at $6.3 billion; and to
 Inland Retail Real Estate Trust on its acquisition by Developers
 Diversified Realty Corp. for approximately $6.2 billion.
     * as of 7/13/07
     Bank of America ( BAC) is one of the world's largest financial
 institutions, serving individual consumers, small and middle market
 businesses and large corporations with a full range of banking, investing,
 asset management and other financial products and services. The company's
 Global Corporate and Investment Banking group (GCIB) focuses on companies
 with annual revenues of more than $2.5 million; middle-market and large
 corporations; institutional investors; financial products and services. The
 company's Global Corporate and Investment Banking group (GCIB) focuses on
 companies with annual revenues of more than $2.5 million; middle-market and
 large corporations; institutional investors; financial institutions; and
 government entities. GCIB provides innovative services in M&A, equity and
 debt capital raising, lending, trading, risk management, treasury
 management and research. Bank of America serves clients in 175 countries
 and has relationships with 98 percent of the U.S. Fortune 500 companies and
 80 percent of the Global Fortune 500. Many of the bank's services to
 corporate and institutional clients are provided through its U.S. and UK
 subsidiaries, Banc of America Securities LLC and Banc of America Securities
 Limited. For additional information, visit http://www.bankofamerica.com/
 
 

SOURCE Bank of America