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CBRE Realty Finance, Inc. Announces Pricing of Initial Public Offering

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IPO offering 9.6 million shares of common stock at $14.50
IPO offering 9.6 million shares of common stock at $14.50

RISMEDIA, September 29, 2006?CBRE Realty Finance, Inc. (NYSE:CBF) has announced that it has priced its initial public offering of 9,600,000 shares of its common stock at a price of $14.50 per share. Of these shares, 8,508,591 will be sold by the Company and 1,091,409 will be sold by selling stockholders. CBRE Realty Finance has granted the underwriters a 30-day option to purchase an additional 1,440,000 common shares from the company to cover over-allotments, if any. The net offering proceeds to the company, after the payment of underwriting discounts, commissions and expenses related to the offering, will be approximately $113.7 million (assuming the underwriters’ overallotment option is not exercised).

The shares of CBRE Realty Finance are scheduled to begin trading on September 28, 2006, on the New York Stock Exchange under the ticker symbol “CBF.”

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC are serving as joint book-running managers of the offering and JMP Securities LLC is acting as co-manager.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010.

For more information on the company, visit the company’s Web site at

www.cbrerealtyfinance.com.

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