Deloitte & Touche USA LLP

Real Estate Weekly, May 23, 2007

Deloitte & Touche USA LLP announced that David M. Jacobstein has been named senior advisor to the organization's Real Estate group. Jacobstein joins the Deloitte U.S. organization from Developers Diversified Realty Corp. (DDR), where he served as president and chief operating officer since 1999. Jacobstein will advise on strategy, maintain and develop key client relationships, mentor professional staff, forge and enhance academic partnerships, and shape thought leadership that addresses key industry and market trends. Jacobstein has more than two decades of real estate experience and is an active member of leading industry groups, including the National Association of Real Estate Investment Trusts and the Urban Land Institute.

At DDR, he also served on the board of directors from 2000 to 2004. Currently, Jacobstein serves on the external advisory board of The Marcus & Millichap Company, a diversified real estate holding company based in Polo Alto, California, and is a member of the board of directors of Macquarie DDR Trust (MDT), a listed property trust traded on the Australian stock exchange.