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Michael Naughton Joins CapLease as Senior Vice President, Investments.

NEW YORK -- Capital Lease Funding, Inc. (NYSE: LSE) announced today that Michael J. Naughton has joined the Company as Senior Vice President, Investments.

"We are delighted to have Mike join our origination team. As the market leader in acquiring and financing properties net leased

to high credit quality tenants, we are growing rapidly. Mike brings the kind of professionalism, experience and proven track record of successfully closing net lease transactions that complements our existing team's strength and will help us to achieve our future origination objectives," noted Paul McDowell, CapLease's CEO.

Mr. Naughton joined CapLease from Cushman & Wakefield Net Lease Trust where he was Director of Acquisitions. Mike was Executive Vice President of Pitney Bowes Real Estate Finance Corporation from 1987 to 2004 where he built a net lease portfolio in excess of $2.5 billion.

About the Company:

Capital Lease Funding, Inc. is a real estate investment trust, or REIT, focused on owning and financing commercial real estate that is net leased primarily to single tenants with investment grade credit ratings.

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