Bulls Capital Partners Approved as Fannie Mae DUS™ Multifamily Lender

Vienna, VA, February 9, 2005 -- Bulls Capital Partners, LLC today announced it has been approved by Fannie Mae (FNM/NYSE) as a Delegated Underwriting and Servicing (DUS™) lender, and now offers a full array of financing solutions to owners of multifamily property.

Bulls Capital Partners’ key capabilities under the DUS program include small loan solutions, affordable housing solutions, market-rate multifamily mortgages, and credit facilities, among other offerings.

Bulls Capital Partners is a joint venture of SunTrust Bank, one of the nation’s largest commercial banking organizations, and Bulls Multifamily, LLC, a minority-controlled firm headed by President & CEO Herman Bulls. Mr. Bulls previously ran a successful DUS lending operation, and currently leads the securitization of tens of thousands of military housing units as President of Public Institutions at Jones Lang LaSalle, a leading global real estate services firm. Joining Mr. Bulls as a principal in Bulls Capital Partners is Mark Van Kirk, Chief Financial Officer. Mr. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

Bulls Capital Partners has established correspondent relationships with SunTrust Bank and Jones Lang LaSalle.

“Fannie Mae’s DUS program is the preferred financial alternative for many if not most affordable and market-rate multifamily property owners,” Mr. Bulls said. “We are extremely pleased to be able to deliver all the options of this unparalleled program to multifamily owners ranging from entrepreneurs to pension funds. Furthermore, we are honored to enter into this venture with a strong and well respected partner such as SunTrust Bank.”

“The high-level expertise within Bulls Capital Partners, combined with the tremendous financial strength of the DUS program, ensures that our clients will receive the best possible financial structure and pricing,” Mr. Van Kirk said.

“The opportunity to participate as a DUS correspondent as well as an investor in and subservicer for Bulls Capital Partners greatly enhances the multifamily solutions that SunTrust can deliver to its clients,” said Robert A. Stewart, an Executive Vice President in Commercial Real Estate at SunTrust Bank.

Bulls Capital Partners Approved as Fannie Mae DUS Multifamily Lender – Add One

“Based on the principals’ past association with Fannie Mae DUS lending, we look forward to a mutually beneficial relationship that furthers our mission to ensure that all Americans have access to affordable housing,” said Richard Lawch, senior vice president of Fannie Mae’s multifamily division.

About Fannie Mae

Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

About SunTrust Bank

SunTrust Banks, Inc. (STI/NYSE) headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of December 31, 2004, SunTrust had total assets of $159.1 billion and total deposits of $103.4 billion.

The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia, and also serves customers in selected markets nationally.

Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries, the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services.

SunTrust’s Internet address is www.suntrust.com.