FROM: PARAMOUNT GROUP, INC. 1633 , Suite 1801 New York, NY 10019

Rubenstein Associates, Inc. Public Relations - Tel: 212/843-8012 Contact: Kathleen McMorrow ______FOR IMMEDIATE RELEASE

PARAMOUNT’S PROPERTY MANAGEMENT BOYEA, CAIMI AND CROCE TAKE TOP PRIZES AT THE BOMA-NY PINNACLE 2012 PROPERTY MANAGEMENT AWARDS

Top Honors Achieved for Paramount Group Properties 1301 Avenue of the Americas and 712

NEW YORK February15, 2012 – Property Management from Paramount Group excelled at the February 9 Building Owners and Managers Association (BOMA) New

York Pinnacle awards held at Chelsea Piers.

Cynthia Boyea won the award for the Manager of the Year category (over 10 years’ experience) for her extraordinary achievements as a Property Manager at

Paramount Group, Inc. Ms. Boyea is a 20-year industry veteran and has served 10 years with Paramount Group where she has been the Property Manager for ,

745 Fifth Avenue, 1177 Avenue of the Americas, as well as overseeing the management at 1800K Street and 425 Eye Street in Washington, D.C. Following Paramount’s acquisition of 1301 Avenue of the Americas in August 2008, Ms. Boyea and the

Property Management team, set about to implement numerous operational and energy- saving initiatives that effectively lowered the building’s operating costs by one million dollars per year. In addition to her Property Management duties, Ms. Boyea also spearheaded Paramount Group’s initiative to install a web-based tenant work order system across the portfolio. Ms. Boyea is the chair for Paramount Group’s Property

Management General Standards Committee as well as several others.

Jeff Caimi, current Property Manager of Paramount’s 1633 Broadway, jointly accepted the prestigious award with Ms. Boyea of Operating Office Building for 712

Fifth Avenue in the 500,000 to one-million-foot property category. Dave Croce and Ms.

Boyea jointly accepted the same award for 1301 Avenue of the Americas in the over one- million-square-foot category.

Dave Croce has over 30 years’ experience with Paramount Group. Mr. Croce has managed 888 Seventh Avenue and has interim managed 712 Fifth Avenue and 32 Old

Slip. In addition, Mr. Croce has managed 1325 Avenue of the Americas, 31 West 52nd

Street and is currently managing 1301. Mr. Croce chairs Paramount’s Property

Management Uniform Compliance Committee, and the Governmental Affairs & Local

Law Compliance Committee.

Last spring, Ms. Boyea and Mr. Caimi were also winners at the Real Estate Board of New York (REBNY) Commercial Management Leadership Awards; Ms. Boyea won the On-Site Manager of the Year Award and Mr. Caimi was awarded the John M. Griffin

Community Service Award. Mr. Caimi is the Co-Chair of Paramount Group’s

Community Involvement Committee and has had a positive impact on the community both through his real estate career and as a volunteer in his spare time. At 712 Fifth

Avenue, he has spearheaded City Harvest food drives, Japan disaster relief fundraising, book fairs to benefit the Starlight Children’s Foundation, cellular telephone recycling for

Secure the Call (to benefit victims of domestic violence and the elderly for 911 assistance) and other initiatives. In his off work hours, Mr. Caimi is a volunteer with

Habitat for Humanity, the Bronx Relief Bus and Don’t Walk By (which benefits the homeless).

Under the leadership of Vice President of Property Management Ralph

DiRuggiero, the Paramount Group Property Management team has implemented a broad program focused on outstanding facilities standards, reduction of energy consumption, general operational costs and hence the carbon footprint, and numerous tenant relations initiatives that foster a sense of community within the buildings and provide charitable support to a wide range of worthy organizations that fight homelessness and hunger, raise money that supports medical research, host blood drives and benefit at risk youth and adults.

In 2011 alone, Paramount Group brought in impressive numbers in its many fundraisers, drives and charitable outreach efforts across its national portfolio.

Highlights include 750 coats and other clothing items collected and distributed to various charities; 150 pints of blood collected (enough to potentially save 450 lives);

3,500 pounds of food collected and distributed to various food banks and shelters;

2,000 pounds of candy donated to Treats for Troops; 335 gifts provided to Operation

Shoebox; 250 backpacks and other items donated to Safe Shores for underprivileged children; $11,500 raised through book fairs with a percentage of the proceeds donated to charities such as Covenant House and the Starlight Children’s Foundation; and 2,000 toys collected for holiday toy drives.

A founding member of the Greenprint Foundation, a global consortium committed to reducing the carbon footprint of office properties, through various property management initiatives, Paramount Group is consistently recognized as a leader in the green space. Just this month, Paramount Group property Waterview in the Washington, D.C. suburb of Arlington, Virginia won a Gold Medal in the

Arlington, Virginia “Green Games,” an energy use competition for office properties that encourages reduced consumption and emissions from buildings.

“I commend Cindy, Jeff and Dave and their team leader Ralph who have so honorably performed their duties and consistently represent Paramount Group at the apex of property management excellence,” said Albert Behler, President & CEO of

Paramount Group. “We congratulate each of them on the Pinnacle awards and we thank them wholeheartedly for their extraordinary dedication and service to our tenants and our company.”

About Paramount Group, Inc.

With over 13 million square feet of Class “A” commercial office buildings in Midtown & Downtown New York, Washington D.C. & San Francisco, more than 40 years of proven expertise across a variety of real estate disciplines, markets and phases of the market cycle, along with its affiliation to a multi-billion-dollar conglomerate of international companies, Paramount is a trusted, respected and internationally recognized partner. The company employs a hands-on, high energy management philosophy, implemented by a goal-oriented and highly experienced Executive team which provides the Trophy buildings and Six Funds with a competitive advantage in sourcing transactions and executing its investment strategy. As a founding member of The Greenprint Foundation and proactive in global environmental endeavors committed to reducing the carbon footprint of the built environment, the firm is well known for its eco-friendly practices and is USBC-recognized for landlord leadership in sustainability. For additional information, please visit www.paramount-group.com. # # #