Capital Fulfillment Group Selected by Lightstone Securities

Hingham, MA - April 12, 2005

Capital Fulfillment Group (CFG), a leading fulfillment and marketing provider for the financial service industry recently announced that Lightstone Securities, dealer manager for the Lightstone Value Plus Real Estate Investment Trust has decided to enter into agreement with CFG for fulfillment and marketing services. “We chose CFG over others in the field because they are cutting-edge and offer capabilities which go beyond just fulfillment and encompass a comprehensive marketing solution.” Ed Devereaux, President & CEO of Lightstone Securities.

Lightstone’s sponsor The Lightstone Group is headquartered in Lakewood, NJ and ranked among the top private real estate companies in the United States. Impressively, it has acquired over 175 private and public projects since its founding in 1985. “We are pleased to be starting a relationship with CFG, which will aid the reception and growth of our new REIT in the marketplace," said David Lichtenstein, Chairman and founder of the Lightstone Group.

Lightstone will have the advantage of managing these materials through CFG’s real time, online system CapitalDIRECT, which provides immediate ordering and tracking of literature material. This unique system is customized to each client’s individual needs. Ric McConkey, President and CEO of CFG, commented, “We look forward to working closely with Lightstone to develop a program that enhances their marketing services while maintaining the efficient and cost-effective distribution of their products.”

About The Lightstone Group

Founded in 1985, The Lightstone Group is ranked among the 25 largest real estate companies in the industry with a diversified portfolio of over 20,000 residential units as well as office, industrial and retail properties totaling approximately 20 million square feet of space in 28 states and Puerto Rico. The Lightstone Group has acquired in excess of $2 billion in real estate over the past 20 months. Its commitment to upfront capital parallels its great commitment to the interests of its investors. Lightstone most prides itself on its unique way of conducting business whereby it makes investments alongside its investors. This exemplifies its great faith in its own ventures. For more information on the Lightstone Value Plus REIT, please visit its official website at: www.lightstonereit.com.

About Capital Fulfillment Group

Capital Fulfillment Group (CFG) brings a new paradigm and a new standard of excellence in sophisticated fulfillment solutions exclusively to the mutual fund, investment, and insurance industries. CFG's customized fulfillment programs offer the most responsive, efficient, and cost-effective way to support the literature distribution needs of sales and marketing. Each program features the real-time, online system, CapitalDIRECT, for ordering, tracking, reporting, and managing all fulfillment activities and outcomes. CFG continues its philosophy of building sound business relationships and will continue to make strategic investments in complementary companies to create the powerful leverage opportunities that support the marketing initiatives of the financial service industry.

Capital Fulfillment Group
75 Research Road
Hingham, MA 02043
781.783.6500
www.cfgweb.com