Denver, CO – August, 24, 2011. Simpson Housing® has entered into a new $600 million equity joint venture platform with the New York State Common Retirement Fund (CRF). The partnership will invest in core multifamily acquisitions and development opportunities in select major markets throughout the United States. The joint venture includes four of Simpson’s existing multifamily assets, comprising 1,105 units and will expand to include additional assets. CRF is being advised on this investment by La Salle Investment Management.

Having owned and/or developed over 50,000 apartment units over the past 60 years, Simpson Housing® will provide property management and construction/development management for the venture. The Company’s current portfolio consists of over 16,000 apartment homes located in 13 states. This venture will allow Simpson to continue strengthening its portfolio of Class A and B multifamily communities located throughout the United States.

About Simpson Housing LLLP
Established in 1948, Simpson Housing LLLP® is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high-quality, residential communities throughout the United States. As one of the largest privately held owner, developer and managers of apartment communities in the nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.

About the New York State Common Retirement Fund
The New York State Common Retirement Fund exists to finance benefits for more than one million active and retired state and local government employees, police officers, and firefighters. With approximately $146.5 billion of assets under management, it is the third largest public pension plan in the U.S.

# # # #

Simpson Housing LLLP has announced plans for the development of a 365,000-square foot, luxury rental apartment property to be developed in downtown Boston. The property, which has been named The Victor, will feature 286 apartments, 138 parking spaces and 17,000 square feet of premier ground-floor retail space.

Construction on this exciting project is scheduled to begin the first week of August, 2011 with a completion date set for early 2013. The property, which is located at Causeway Street and Beverly Street in downtown Boston, will become the first major apartment development project to break ground in Boston since 2007.

Upon completion, The Victor will be managed and leased by Simpson Property Group. Property amenities will include two rooftop lounges, 5000 SF health club with sports court and gaming lounge, residential lobby with concierge and residents’ lounge. The luxury apartment homes will be outfitted with custom Italian cabinetry, hardwood floors, granite countertops, stainless steel appliances and designer fixtures. Two penthouse levels will feature finish and appliance upgrades as well as private building amenities.

The Victor is being constructed according to LEED Silver standards and will offer a variety of floor plans. Residents will have the choice of studio, one bed/one bath, one bed/one bath plus den, two bed/two bath and two bed/two bath plus den floor plans ranging in size from 546 to 1258 square feet.

For more information, please contact:
Patrick McMahon at Patrick.McMahon@SimpsonHousing.com
or visit www.RentTheVictor.com.

About Simpson Property Group

SIMPSON PROPERTY GROUP® (SPG) is a wholly owned subsidiary of SIMPSON HOUSING® (SHLP®). Headquartered in Denver, Colorado, SPG is a fully integrated real estate firm providing services in multifamily and commercial property management, development and construction.

Established in 1948, SHLP builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it operates communities throughout the U.S. and continues to expand.

About Simpson Housing

Established in 1948, Simpson Housing LLLP® is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high-quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the
nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.

Denver, Colorado – June 14, 2010. Simpson Property Group, LP a national multifamily housing management company, was awarded the coveted 2009 “A List” Award for Excellence in Customer Service. The awards are presented, according to size, to the top companies in the multifamily real estate industry. Simpson Property Group, with 55 communities and close to 18,000 units, has been recognized as the Category I winner for 2009, 2008, 2007, 2006, 2005, 2004 and 2003.

Each firm is assessed for its level of customer service through a survey distributed to current apartment home residents annually. The results are tabulated and benchmarked by CEL & Associates, Inc. (CEL), an independent consulting firm, against other real estate companies to determine the ranking. “Simpson has emerged as one of the best in the industry because of their continued commitment to the highest level of quality and service,” said Christopher E. Lee, President of CEL.

Simpson Property Group has participated in the survey and competed for this award over the past nine years. It is a great achievement to attain the highest award for seven consecutive years. “Founded 62 years ago, our company continues to build on the core values of providing exceptional service and a quality living experience.” said Todd Pope, President of Simpson Property Group. “Our success,” continued Pope, “can be attributed to the dedication of our employees, and our commitment to advancing their abilities.”

The National Multifamily Customer Service Award for Excellence was first established in 1997 and has since become the standard by which large and small companies in the industry operate. The award reflects resident’s satisfaction and ranking of the overall quality level of services and amenities offered at their community. The entire survey process is tightly controlled by CEL; they look at the level of returned surveys in addition to overall satisfaction scores. Simpson Property Group has made tremendous strides in both these areas over the past nine years, improving its service scores as a whole as well as for individual communities.

About Simpson Property Group
SIMPSON PROPERTY GROUP® (SPG) is a wholly owned subsidiary of SIMPSON HOUSING® (SHLP®). Headquartered in Denver, Colorado, SPG is a fully integrated real estate firm providing services in multifamily and commercial property management, development and construction.
Established in 1948, SHLP builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it operates communities throughout the U.S. and continues to expand.

About CEL & Associates, Inc.
CEL & Associates, Inc., is the nation's leading real estate consulting organization. Based in Los Angeles, CEL specializes in strategic planning, compensation, customer opinion surveys and benchmarking services for the real estate industry.

Bellevue, Washington – May 2010. Simpson Housing LLLP® officially opens Metro 112 in the heart of downtown Bellevue. The 299 unit apartment home community consists of a five story east tower that is almost fully occupied and a thirteen story west tower that is now available for residents to move in. With Downtown Bellevue at their doorstep, the Metro 112 residents enjoy a lifestyle of ease and convenience. Simpson Property Group, LP®, well known for providing exceptional levels of customer service to residents, as demonstrated by having won the prestigious “A List” Award for excellence in customer service for 6 years running, is proud to add Metro 112 to its portfolio of communities in the Seattle Metro area. “Metro 112 residents will not only enjoy the community’s superior amenities and apartment finishes, but will also benefit from a very convenient location that allows them to depend less on their personal vehicle, spending more time enjoying the urban lifestyle associated with living in a thriving downtown,” said Spencer Welton, Sr. Vice President of Development.

Bellevue offers the ease and activity of an urban hub to those interested in balancing their demanding professional lives. This prime location allows residents easy access to retail, dining, entertainment and services, all within walking distance from their home. Residents can also simply take the elevator down to the future retail shops occupying the first three levels of the building. Transportation via the Bellevue Transit Center to anywhere in the greater Seattle area is within two blocks of the community. Additionally, Metro 112 offers residents an extremely comprehensive amenity package including:
• Entirely smoke-free building
• Private clubroom featuring flat screen televisions, comfortable gathering and work areas and Wi-Fi throughout
• Fully equipped, 24-hour fitness center with weight equipment and full scale cardio featuring personal TV screens
• Rooftop terrace with fire pit and seating areas perfect for enjoying the remarkable views of downtown, Mount Rainier and the Cascades
• Central courtyard with comfortable gathering areas, gas fireplace, and a secluded meditation fountain
• Controlled access building with elevators and covered garage parking
• Pet friendly
• Onsite recycling center

Those wishing to live at Metro 112 may choose from a variety of one and two bedroom floor plans. The homes offer livable and well planned spaces, taking advantage of the magnificent views without compromising furniture placement or skimping on kitchen storage and closet space. These apartment homes are retreats of luxury and modern style, featuring:
• Open, gourmet kitchens with custom granite countertops, 6-inch granite backsplash, and stainless steel sink
• Kitchens equipped with sleek stainless steel GE refrigerators, dishwashers, microwaves and electric ranges
• Maple-finished, contemporary styled kitchen cabinets with brushed chrome hardware
• Bamboo-finish plank flooring and plush wall to wall carpet
• Spa-styled baths feature deep soaking tubs with 6-inch ceramic tile surround, cherry-finish vanities and granite countertops
• 9-foot to 14-foot ceilings and expansive windows available
• Fireplaces available
• Linen closets and spacious walk-in closets
• Balconies and patios available
• Stacking or side-by-side washer/dryer in all apartment homes
• Central air conditioning available
• Live a Greener Life with low VOC paints, natural countertop surfaces, GE Energy Star rated refrigerator and dishwasher, energy efficient fluorescent lighting in common areas and operable windows to allow for greater air flow and less need for A/C.

Those interested in learning more about Metro 112 can visit the community web site at www.rentmetro.com or call 425-451-7174 to schedule a personal tour.

About Simpson Housing LLLP
Established in 1948, Simpson Housing LLLP is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.

Vienna, Virginia – May 2010. The Reserve at Tysons Corner hosted a grand opening event attended by more than 75 people including executives of; owner Simpson Housing LLLP®, WCS Construction the general contractor on the project, Freddie Mac, Fannie Mae, and CBRE. This upscale apartment home community, located in popular Tysons Corner, was purchased by Simpson in July 2008 from Beazer Homes. “We received a great deal of support and encouragement from the financial community to make this deal work. This celebration is a way for us to show our appreciation to those involved in the project and for them to see the culmination of what their efforts accomplished,” said George Chopivsky, Vice President of Development for Simpson Housing.

The community is the perfect retreat for DC and Northern Virginia commuters due to its close proximity to the planned Tysons Corner Metro and easy access to the Tysons Corner retail and business corridor. The 211 unit Phase 1 is fully leased. Construction is now complete on the 267 unit final phase, where all residents enjoy access to the hotel-style lobby, chic resident lounge with complimentary Wi-Fi, movie screening room, fitness center, indoor basketball sports court, his and hers saunas, swimming pool and sundeck, garden courtyard with intimate seating areas, controlled access entry and garage parking.

The apartments feature granite counters, Shaker-style wood cabinets, wide-planked hardwood flooring, stainless steel GE Profile appliances, imported stone ceramic tile in bathrooms, designer fixtures, crown molding, custom 2-inch plantation blinds, and high-tech wiring throughout each home.

Simpson also owns and manages Zoso Flats, a 114-unit failed condo project located in the Rosslyn-Ballston Corridor of Arlington. Simpson purchased the project in June 2009 from Ed Peete, Co. and converted it into an extremely successful rental community. Zoso Flats is located within several blocks of the Clarendon Market Commons, Whole Foods, and within walking distance of the Clarendon Metro Station. Its residents enjoy 20,000 square feet of onsite, street-level shops and restaurants; elegant resident lounge; 24-hour fitness center; and rooftop lounge with sweeping DC skyline view. The homes are extremely unique with sleek, high-end urban finishes featuring 9-foot + exposed concrete ceilings and concrete beams; slate and hardwood flooring; stainless steel appliances, granite countertops and spacious interiors. The structure of the Zoso acquisition was so unique that Simpson was recognized as having one of the thirteen most creative financing deals in 2009 by Apartment Finance Today.

Those interested in learning more about The Reserve at Tysons Corner or Zoso Flats can visit the community web sites at www.renttysons.com or www.zosoflats.com.

About Simpson Housing LLLP
Established in 1948, Simpson Housing LLLP is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.

Portland, Oregon – May 2010. Simpson Housing LLLP® opens The Matisse in the South Waterfront area, just south of downtown and minutes from the OHSU campus. The 274-unit apartment community features front door access to the Portland Streetcar; easy access to running, biking and kayaking along the Waterfront; sophisticated apartment finishes and luxury amenities in a smoke-free environment. Simpson Property Group, well known for providing exceptional levels of customer service to residents, as demonstrated by having won the prestigious “A List” Award for excellence in customer service for 6 years running, is excited to add The Matisse to its portfolio of communities in the Portland Metro area. “The Matisse residents will not only feel good about their choice of moving onto a Built Green community, but the convenient location will allow them to depend less on their personal vehicle and spend more time enjoying the South Waterfront and Portland,” said Spencer Welton, Sr. Vice President of Development.

Location is everything and those who live in Portland want to enjoy an active lifestyle and experience the natural beauty that Oregon has to offer. 0677 SW Lowell Street will be the perfect address; with the Willamette River two blocks to the east, and downtown Portland only a five minute ride on a streetcar. Residents can easily enjoy an afternoon kayak trip followed by an evening at one of the fabulous downtown restaurants. “The community is so excited about the benefits of this location that we are offering a free one-year streetcar pass and free year membership to the Portland Art Museum to our first 50 residents” said Julie Ann Coon, Community Manager.

This prime location, in the heart of the South Waterfront district, allows for quick access to recreation, major retail, entertainment, and transportation thoroughfares plus the community offers residents many appealing amenities including:
• LEED Certified—Anticipated Gold*
• Entirely Smoke Free Building
• Resident lounge that features an entertaining kitchen, flat screen televisions, free Wi-Fi, and resident business center.
• Game gallery with 82-inch 3D ready television, PlayStation 3, Wii, and Blu-ray player.
• Fitness center - fully equipped with free weights, weight machines and cardio machines with personal entertainment consoles
• Rooftop terrace where residents can barbecue on gas grills then spend a relaxing evening around the fire-pit
• Serenely landscaped courtyard
• Portland Streetcar steps away from the entrance of their building
• Onsite retail

Those wishing to live at The Matisse may choose from a variety of one and two bedroom floor plans. The apartment homes are retreats of luxury and refinement that include modern style interior finishes, and custom features, including:
• Granite kitchen and bath countertops available in two color options
• Stainless-finish kitchen appliances
• Bamboo-finish plank flooring
• High Ceilings—9’ to 14’
• Over 20 studio, one bedroom and two bedroom floor plans from 484 SF to 1198 SF, with monthly rents starting at $920/mth.
• Oversized One Bedroom Flats with stained concrete floors and private entrance
• Washer and Dryer in each home
• Air Conditioning in each apartment

Those interested in learning more about The Matisse can visit the community web site at www.rentmatisse.com or call 503-546-3000 to schedule a personal tour.

*LEED is an internationally recognized green building certification system providing third-party verification that a building or community was designed and built using strategies aimed at improving performance across all the metrics that matter most: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts.

About Simpson Housing LLLP
Established in 1948, Simpson Housing LLLP is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.