Pacific Security Capital Commercial Real Estate Development Services Division Gets a Face Lift with Rick Dyer as New Managing Director

Beaverton, OR, April 27, 2006 -- http://www.pacificsecuritycapital.com -- Pacific Security Capital, a vertically integrated real estate services company, today named Rick Dyer as its new Managing Director of Development Services.

Dyer, who joined Pacific Security Capital in 2005 as a Senior Project Manager, has played a defining role in growing the Development Services division. With more than 10 years of experience in a senior management role, Dyer is tenured in every stage of real estate, from the early phases of project vision through design, entitlements, marketing, sales, to construction delivery and occupancy.

“I have performed in the capacity of Director on many projects, including mixed-use office parks, resort developments, retirement communities and multifamily communities,” said Rick Dyer. “This hands-on property development experience has put me in an excellent position to manage Pacific Security Capital’s growing Development Services division.”

Dyer has successfully negotiated and administered the joint-venture development of a 150-unit multi-family project and a 200-unit retirement community, and has financed more than $200 Million in various asset classes throughout the United States.

As Director of Development at Fidelity Properties, Dyer was responsible for entitling and designing two separate office parks containing more than 1.2 million square feet. As Director of Development for Intrawest Placemaking, he managed the development of a 61-unit mixed-use resort Condominium/Hotel, an Indoor/Outdoor Water Park and an 83-unit mixed-use resort Condominium/Hotel.

“Dyer clearly possesses the type of Tier 1 talent that Pacific Security Capital really values,” said Louis Swart, Pacific Security Capital President. “He has excelled in a senior project management role at Pacific Security Capital and I have no doubt that with Dyer’s leadership, the Development Services division will only thrive.”

To learn more about Pacific Security Capital’s commercial real estate development services, please visit www.PacificSecurityCapital.com or call 1-800-844-6085.