For Immediate Release February 14, 2008

For more information: Joy Lutes 703.362.0150

District of Columbia Selects Clark Realty as Development Partner for Poplar Point Project

Landmark Project Will Create Vibrant Waterfront Community with Retail, Entertainment, Recreational Park and an International Center for the Environment

ARLINGTON, Va. - Clark Realty Capital (CRC) was selected to partner with the District of Columbia in transforming Poplar Point into a world-class waterfront neighborhood. The Poplar Point project is located on the east side of the Anacostia River and bounded by South Capitol Street, I-295, and the 11th Street bridge. The award was announced this morning in a news conference held by the Mayor of the District of Columbia, Adrian Fenty.

"This is the largest economic development project the District has ever embarked on and we are making an investment where it is needed most-east of the River," Mayor Fenty said. "In Clark Realty, we will have a partner that has shown tremendous creative vision, exceptional qualifications and the talent to make this vision a reality."

CRC was selected as part of an open competition which began last August. Their proposal of a mixed-use development includes housing, retail, a 70-acre park, a hub for businesses and policy makers dedicated to the environment, a KIPP charter school, and an optional MLS soccer stadium.

"We are honored to be selected for this historic project that will redefine and revitalize this area for DC residents and visitors. We look forward to working with the Mayor and his team to create a neighborhood that will recognize the opportunities our great city will provide to the residents of Anacostia and to the Nation," said Bereket Selassie, development executive with Clark Realty Capital.

Clark Realty plans to divide the land into five distinct neighborhoods, each with their own unique attributes, including: The Point, a Center for the Environment, a park, the Metro Soccer district, and the Village at Poplar Point.  The plan also features "The Deck," an innovative three-block lid running over I-295 that will allow Anacostia residents to walk to Poplar Point.

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About Clark Realty Capital

A fully integrated, national real estate firm based in Arlington, Va., Clark Realty Capital offers a broad base of services including capital markets, finance, development, construction, property management, and investment management. Clark Realty is an affiliate of the Clark Construction Group, the nation's oldest and largest privately-held general building contractor in the nation. Clark's development expertise spans award-winning residential, office, retail, and mixed-use projects with a total development cost of over $6.5 billion.

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