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Michael DiFede Joins Bergman Real Estate Group as Director of Business Development

NORTH BRUNSWICK, N.J. (April 24, 2001) – Jerome Bergman, President and C.E.O of Bergman Real Estate Group has announced the appointment of Michael DiFede as Director of Business Development.

In his new role, Mr. DiFede will help guide the firm’s expanding program of new acquisitions as it adds to its impressive portfolio of New Jersey office buildings and creates new, joint venture relationships with financial partners.

“Michael’s scope of experience is exactly what we have been searching for to fill this key spot in a company which has long been known for its detailed and hands-on approach to property ownership and management,” comments Bergman. “His strong background in acquisitions, workouts and asset management throughout a full range of property types will be highly beneficial to us as we aggressively build on our past successes over the coming months.”

Indeed, Mr. DiFede brings a great deal of experience and expertise to the position. Over the last 20 years in the real estate industry, he has been involved in virtually all aspects of the business, having begun his career at Teachers Insurance (TIIAA) in asset management.

In 1984, he joined Citicorp Real Estate Investment Advisors where he worked with the pension fund advisory group, acquiring real estate assets on behalf of institutional clients such as General Motors, Westinghouse and Citibank, as well as several high net worth offshore clients.

During his time at Citibank, he traveled extensively, gaining familiarity with a wide variety of markets and developed a network of contacts throughout the country from which he can generate both market information and transactions. He was responsible for finding and analyzing the transactions, creating relationships with sellers and developer/partners, negotiating the transactions and getting them closed — as well as the supervision of construction/development and asset management of the completed property.

“Because of its vast expertise, Bergman Real Estate Group has great flexibility in creating desirable partnerships and accommodating the particular needs of each of its financial partners,” comments DiFede, “For me, the move to Bergman was an extremely good fit, given the company’s wide ranging capabilities and diversified portfolio.”

Started in 1988, Bergman Real Estate Group is a professional real estate firm that specializes in the acquisition, ownership, management, leasing and construction supervision of commercial office buildings for itself, and its joint venture financial partners. Since its formation, Bergman has successfully acquired over 23 commercial properties worth in excess of $175 million, including 10 garden apartment properties containing over 3,500 units in Houston, Texas, and 13 office buildings in both Houston and New Jersey containing over 1.2 million square feet of office space.

The Bergman Real Estate Group is located at 555 Route 1 South, Iselin, New Jersey 08830. For more information about the company or any of its properties call Michael Bergman or John Osborne at (732) 855-8600.