Press Release June 17, 2005

CRT Properties Inc. Signs Definitive Merger Agreement to be Acquired for $27.80 Per Share

BOSTON, June 17, 2005 – CRT Properties Inc. today announced the signing of a definitive merger agreement to be acquired by clients advised by DRA Advisors LLC. The total consideration paid to holders of CRT common stock under the agreement is approximately $936.7 million and the total transaction value is approximately $1.7 billion.

The attorneys who represented CRT in this transaction are partners Ettore SantucciJohn HaggertyEdward Glazer, and Andrew Sucoff, as well as associate Yoel Kranz.