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The Siegel Group Completes Acquisition of Coliseum Villas Apartments

LOS ANGELES (Business Wire EON) October 10, 2007 -- Stephen Siegel, President and Chief Executive Officer of The Siegel Group, said: "This newest acquisition further adds to the incredible locations we have strategically acquired throughout the Las Vegas market. Paradise Road is quickly transforming into the 'Second Strip' thanks to the presence of the Las Vegas Convention Center, Hard Rock Hotel and major resort developments that are planned, and we are excited to have added such a valuable asset to our growing Siegel Suites portfolio."

About The Siegel Group, Inc.

The Siegel Group, a Commercial Real Estate & Business Development Company with offices located in Las Vegas, Nevada, and Studio City, California, is a full-service real estate investment and development company founded by Stephen Siegel with expertise in acquisitions, financing and development, and property management, leasing and rehabilitation. The Company's Real Estate Division manages the firms' acquisition, disposition, and development of commercial real estate; a portfolio comprised of multi-family and Flexible Stay units, commercial shopping centers, office buildings, and hotel developments. For more information on The Siegel Group and its affiliates, visit the Company's website at www.siegelcompanies.com.

About Siegel Suites

Siegel Suites, a registered trademark of SASCO Properties, was formed by Stephen Siegel to manage and brand his multi-residential properties. With a portfolio of traditional apartment units and Flexible-Stay residences, Siegel Suites is able to provide quality accommodations with a host of amenities to customers seeking short and long-term accommodations with a number of properties offering fully furnished units and complimentary utilities. With over 2,200 units throughout Las Vegas, Mesquite, and Reno, Siegel Suites is quickly becoming the largest provider of Flexible-Stay accommodations in Nevada.

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