As the nation adjusts to the credit crisis and its impact on business and investment, the merits of Wien & Malkin's highly disciplined approach to real estate investment are clear and the opportunity for its investors has never been more evident.

Firmly committed to investing capital only when there are acquisitions that present high-value-added opportunity, purchased with conservative leverage, we did not participate in the tremendous run up of prices that characterized the high-profile real estate transactions of recent years. Now that headlines and capital markets have turned negative, the opportunities for Wien & Malkin have never been better.

Meanwhile, the assets of the W&M Properties and W&H Properties portfolios are in a position of strength, modernized through reinvestment, unburdened by excessive debt, and highly competitive in the marketplace. Though renting markets may dip, these properties will endure.

This is in sharp contrast to many real estate investment entities that used excessive leverage to pay top dollar and now face likely reduced rental income scenarios that may scuttle their original underwritings and hopes for a quick exit.

"With our sound condition and disciplined approach, we will be able to face the economic difficulties ahead with an open mind and look for unique and important opportunities for direct investment in real estate, and for our structured equity and mezzanine loan investing," says Anthony E. Malkin. "For the first time in years, we believe we will have room for significant additional capital to be deployed sensibly.

"Our discipline and reputation with brokers and balance sheet lenders will work to our benefit, helping us take advantage of opportunities as they develop."