Carlton Chairman Howard L. Michaels announced that Carlton has been retained by several major financial institutions and distressed sellers to market an approximately $600 million portfolio of loans and REO assets.

The assets are in Miami, Jacksonville and other prime locations in Florida and many other locations in the United States.

"These assets provide investors a unique opportunity to acquire non-performing loans secured by prime condominium and land properties in many of the top markets in Florida and the United States," says Steven Yazdani, Managing Director of Carlton Advisory Services. "Investors will be able to bid on individual assets within the portfolio that meet their particular investment criteria."

Outlined below is a description of some of the truly exceptional assets being offered through Carlton:

- Newly built 45-unit luxury Miami waterfront condominium project

- Fractured condominium projects generating in-place income as rental properties

- 600 acre 1.8M sf land asset in Orlando right next to the
Convention Center

The assets are being offered on a competitive sealed-bid basis with indicative bids due December 10th, 2009. This sale provides prospective bidders with an attractive opportunity to purchase valuable assets in major markets in Florida and Alabama.

Carlton Advisory Services, Inc. is an international real estate investment banking firm prominent in commercial and residential loan sales, debt and equity placement and merchant banking.

Carlton also specializes in arranging passive, promotable equity for real estate and real estate-related Fund vehicles for many of its clients who include some of the most successful developers and financial institutions around the world. Carlton was founded in 1991, and has consummated approximately $50 billion of transactions.