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Multi Distressed Asset Co. Acquires DiscountedProperties.com

NEW YORK

Multi Distressed Asset Co., part of The Multi Group of Companies (Multi), has acquired Texas based DiscountedProperties.com, a portal for bank owned real estate and REO properties. DiscountedProperties.com is a growing market leader in the distressed real estate industry and currently works in conjunction with some of the country's largest financial institutions. The financial terms of the agreement are undisclosed.

This acquisition adds to the depth of the strategically aligned businesses that make up The Multi Group of Companies portfolio, which also includes Multi Capital Group, Multi Investment, and Multi Development. Multi, a market leader in the full gamut of real estate investments and financing has been providing services for over 15 years. Multi has launched Multi Distressed Asset Co. to leverage its operational experience in the distressed real estate market. To date, Multi Distressed Asset Co. has acquired thousands of REO properties nationwide from lenders and servicers alike. Multi Distressed Asset Co. has allocated millions of dollars for these acquisitions, targeting the continued acquisition of thousand of REO properties each month. Multi's assets are focused on supporting and enhancing the financial health of financial institutions by assisting investors, lenders and servicers to proactively address and resolve the challenges they face in the current economic crisis.

"There is a huge buildup of hundreds of thousands of assets in this arena due in part of the failure of the institutions to properly deal with these issues. Institutions simply do not want to take further write downs, so they are delaying what will be inevitably another catastrophe," says Eli Verschleiser, Chief Executive Officer of Multi.

Multi plans to further expand into the REO and distressed real estate segment by organically developing and acquiring organizations that service and dispose of these types of assets.

"We are pleased with the growth of our disposition channels and continue to implement our strategies and vision in this arena. We believe our companies are positioned to leverage the current crisis and add value for our shareholders," says Dov M. Shimano, COO of Multi Distressed Asset Co.

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About Multi Distressed Asset Co.

Multi Distressed Asset Co. (Multi) has been acquiring and selling bank owned properties (REO) directly from Financial Institutions and / or Servicers. The REO product available in the US currently exceeds 1.5 million properties and has been steadily increasing on a monthly basis. Multi purchases directly from national and regional banking institutions as well as servicing companies.

The primary goal of Multi is to capitalize on today's bearish real estate market by acquiring bank-owned REO properties at deeply discounted prices and/ or partnering with institutions with large inventories of REO properties to market and sell these properties through its "best of breed" disposition networks for a profit.

To learn more about The Multi Group of Companies, visit www.MultiGroups.com or call 212.742.0707