InterPark Files Election Petition With NLRB

Apr 19, 2001, 01:00 ET from Security Capital Group Incorporated

    CHICAGO, April 19 /PRNewswire/ -- InterPark Holdings Inc. announced today
 it has filed an RM petition with the National Labor Relations Board (NLRB)
 seeking an NLRB-supervised election regarding organization of employees at its
 metropolitan Washington, D.C. locations.  The petition was filed in response
 to demands for recognition by Local 27, Parking and Service Workers Union,
 AFL-CIO, to be the bargaining representative of InterPark's employees at those
 locations.  The NLRB must consider the petition to determine if there are
 issues regarding Local 27's representation.  Local 27 must respond to the
 petition and either agree to hold an NLRB-supervised election or request that
 the election not be held.
 
     InterPark is a leading owner and operator of off-street parking facilities
 in the United States.  Currently, the company operates 366 facilities in
 12 markets operating 24 hours a day, seven days a week.  InterPark derives
 substantial financial, management, research and operating strength from its
 relationship with Security Capital Group Incorporated (NYSE:   SCZ), which holds
 a 98.8% ownership position in InterPark.
     Security Capital is a leading international real estate operating and
 investment management company.  The company's strategy is to own all or a high
 percentage of a few real estate businesses that function as private operating
 divisions and to eliminate the discount to the underlying value of its assets.
 Security Capital currently has ownership positions in 13 real estate
 businesses.  The company plans to reposition or sell its investment in several
 of these businesses and focus its capital in those that hold one of the top
 two market positions in their specific niche and are able to create measurable
 brand value, as well as generate significant income from services and managed
 capital.  Security Capital will build on the operating strengths of the
 remaining private divisions to achieve superior sustainable financial results.
 The principal offices of Security Capital and its directly owned affiliates
 are in Atlanta, Brussels, Chicago, El Paso, Houston, London, Luxembourg, New
 York and Santa Fe.
 
 

SOURCE Security Capital Group Incorporated
    CHICAGO, April 19 /PRNewswire/ -- InterPark Holdings Inc. announced today
 it has filed an RM petition with the National Labor Relations Board (NLRB)
 seeking an NLRB-supervised election regarding organization of employees at its
 metropolitan Washington, D.C. locations.  The petition was filed in response
 to demands for recognition by Local 27, Parking and Service Workers Union,
 AFL-CIO, to be the bargaining representative of InterPark's employees at those
 locations.  The NLRB must consider the petition to determine if there are
 issues regarding Local 27's representation.  Local 27 must respond to the
 petition and either agree to hold an NLRB-supervised election or request that
 the election not be held.
 
     InterPark is a leading owner and operator of off-street parking facilities
 in the United States.  Currently, the company operates 366 facilities in
 12 markets operating 24 hours a day, seven days a week.  InterPark derives
 substantial financial, management, research and operating strength from its
 relationship with Security Capital Group Incorporated (NYSE:   SCZ), which holds
 a 98.8% ownership position in InterPark.
     Security Capital is a leading international real estate operating and
 investment management company.  The company's strategy is to own all or a high
 percentage of a few real estate businesses that function as private operating
 divisions and to eliminate the discount to the underlying value of its assets.
 Security Capital currently has ownership positions in 13 real estate
 businesses.  The company plans to reposition or sell its investment in several
 of these businesses and focus its capital in those that hold one of the top
 two market positions in their specific niche and are able to create measurable
 brand value, as well as generate significant income from services and managed
 capital.  Security Capital will build on the operating strengths of the
 remaining private divisions to achieve superior sustainable financial results.
 The principal offices of Security Capital and its directly owned affiliates
 are in Atlanta, Brussels, Chicago, El Paso, Houston, London, Luxembourg, New
 York and Santa Fe.
 
 SOURCE  Security Capital Group Incorporated