Morlin Management Corporation Acquired by Engstrom Realty Fund, LLC.

LOS ANGELES -- Morlin Management Corporation, one of the leading commercial property management companies in California, has sold substantially all of its operating assets to Morlin Asset Management, LP, a new partnership formed by Engstrom Realty Fund, LLC and three Morlin officers, J. Randall

Moore, Jock Ebner and Tim Moore. Morlin Asset Management will continue to provide the full range of building management services for all current and future Morlin customers. The company manages a portfolio of more than 7.2 million square feet of commercial, industrial and retail space throughout California, including many of the most prominent buildings in the state.

"Implementing this portion of our strategic long-range plan is a very exciting development for our company's future, and I am very proud of our dedicated employees who have worked hard to build Morlin's reputation in this industry," said J. Randall Moore, CPM, RPA, president and founder of Morlin Management Corporation. "This new relationship will provide our staff with continued professional stability and increased opportunities as the business grows and our services continue to expand. For our customers, we will bring increased opportunities with our enhanced investment expertise and access to capital," he added.

"This acquisition is the centerpiece of our strategy to bring together several interdependent elements of the real estate spectrum under one expert organization," said Neal Engstrom, a principal of Engstrom Realty Fund. "With real estate investment, lease administration, construction supervision and building management expertise, we are now better able to meet both investors' and customers' needs with a comprehensive range of services and solutions," he added.

Engstrom Realty Fund is a private evergreen real estate fund with the ability to invest in real estate assets, operating companies, joint ventures, securities and mezzanine financing.

Morlin currently employs 52 staff in California and has offices located in Los Angeles and San Francisco. All Morlin employees will retain their positions in the new organization and Moore will continue to serve as president for the next three years.