Prometheus Real Estate Group Leads Trend Towards Non-smoking Apartments

Award-winning Owner and Developer of Residential Property Takes Stand to

Eliminate Fire and Health Dangers Caused by Smoking



Nov 20, 2007, 00:00 ET from Prometheus Real Estate Group

    SAN MATEO, Calif., Nov. 20 /PRNewswire/ -- Prometheus Real Estate Group
 has implemented a non-smoking policy for all its new multi-family
 development communities. The company is among the first leading apartment
 owners to implement the policy in the San Francisco Bay Area.
     "100% of Prometheus' new development communities will be non-smoking in
 the future," said Rod Standard, Senior Vice President of Property
 Management Services. "We certainly hope that this trend will catch on and
 we will see widespread adoption of non-smoking policies."
     In the San Francisco Bay Area, Prometheus Real Estate Group has
 implemented smoke-free communities at 550 Moreland, a new 430-unit
 multi-family project in Santa Clara and the Icon at Doyle and Icon at Park,
 81 units in Emeryville. Also smoke-free is the new 123-unit luxury
 community 128 on State in Kirkland, Washington.
     Opening smoke-free in late December is the new Portland, Oregon luxury
 apartment community, The Wyatt, owned by Sobrato Development Co. and
 managed by Prometheus Real Estate Group. The Wyatt is a 245-unit building
 located in Portland's Pearl District.
     The policy bans smoking inside apartment units and common areas,
 including balconies and patios, and within 25 feet of the building.
 Prospective residents must sign a no-smoking agreement upon leasing a unit
 and will be responsible for enforcing the policy within their apartments.
     According to a recent U.S. Surgeon's Report, there are no safe levels
 of exposure to secondhand smoke. Smoke-free apartments also greatly lower
 the risk of fire and help minimize cleaning and maintenance costs with
 savings available to be passed on to residents. Smoke-free apartments also
 create a healthier environment for adults and children with chronic
 illnesses such as asthma or lung disease.
     "The policy has been received very well by our residents," says Nancy
 Whelan, Director of Property Management Services for Prometheus in Northern
 California, "It is something people want and view as a positive for their
 community and the larger environment as a whole."
     For existing multi-family communities, the policy will be implemented
 building by building with consideration for residents who have already
 signed a lease without the non-smoking provision. Non-smoking policies will
 eventually affect new leases for existing properties with the timeline for
 phase-in determined by each owner and local market demand.
     According to the The Center for Tobacco Policy & Organizing, a
 California Department of Health Services project of the American Lung
 Association of California:
     -- 40% of California's housing stock is composed of multi-unit residences
        according to the 2000 Census.
     -- 70% of apartment residents support non-smoking sections in apartment
        buildings.
     About Prometheus Estate Group
     Prometheus is the largest private owner of multi-family communities in
 the San Francisco Bay Area with more than 18,000 housing units planned or
 underway in California and the Pacific Northwest. Prometheus Real Estate
 Group specializes in the acquisition, development and management of high
 quality residential and commercial properties. For more information visit
 http://www.prometheusreg.com and http://www.californialung.org.
 
 

SOURCE Prometheus Real Estate Group
    SAN MATEO, Calif., Nov. 20 /PRNewswire/ -- Prometheus Real Estate Group
 has implemented a non-smoking policy for all its new multi-family
 development communities. The company is among the first leading apartment
 owners to implement the policy in the San Francisco Bay Area.
     "100% of Prometheus' new development communities will be non-smoking in
 the future," said Rod Standard, Senior Vice President of Property
 Management Services. "We certainly hope that this trend will catch on and
 we will see widespread adoption of non-smoking policies."
     In the San Francisco Bay Area, Prometheus Real Estate Group has
 implemented smoke-free communities at 550 Moreland, a new 430-unit
 multi-family project in Santa Clara and the Icon at Doyle and Icon at Park,
 81 units in Emeryville. Also smoke-free is the new 123-unit luxury
 community 128 on State in Kirkland, Washington.
     Opening smoke-free in late December is the new Portland, Oregon luxury
 apartment community, The Wyatt, owned by Sobrato Development Co. and
 managed by Prometheus Real Estate Group. The Wyatt is a 245-unit building
 located in Portland's Pearl District.
     The policy bans smoking inside apartment units and common areas,
 including balconies and patios, and within 25 feet of the building.
 Prospective residents must sign a no-smoking agreement upon leasing a unit
 and will be responsible for enforcing the policy within their apartments.
     According to a recent U.S. Surgeon's Report, there are no safe levels
 of exposure to secondhand smoke. Smoke-free apartments also greatly lower
 the risk of fire and help minimize cleaning and maintenance costs with
 savings available to be passed on to residents. Smoke-free apartments also
 create a healthier environment for adults and children with chronic
 illnesses such as asthma or lung disease.
     "The policy has been received very well by our residents," says Nancy
 Whelan, Director of Property Management Services for Prometheus in Northern
 California, "It is something people want and view as a positive for their
 community and the larger environment as a whole."
     For existing multi-family communities, the policy will be implemented
 building by building with consideration for residents who have already
 signed a lease without the non-smoking provision. Non-smoking policies will
 eventually affect new leases for existing properties with the timeline for
 phase-in determined by each owner and local market demand.
     According to the The Center for Tobacco Policy & Organizing, a
 California Department of Health Services project of the American Lung
 Association of California:
     -- 40% of California's housing stock is composed of multi-unit residences
        according to the 2000 Census.
     -- 70% of apartment residents support non-smoking sections in apartment
        buildings.
     About Prometheus Estate Group
     Prometheus is the largest private owner of multi-family communities in
 the San Francisco Bay Area with more than 18,000 housing units planned or
 underway in California and the Pacific Northwest. Prometheus Real Estate
 Group specializes in the acquisition, development and management of high
 quality residential and commercial properties. For more information visit
 http://www.prometheusreg.com and http://www.californialung.org.
 
 SOURCE Prometheus Real Estate Group