Real Estate Central

HARTFORD, Conn., June 24 /PRNewswire-FirstCall/ — CBRE Realty Finance,
Inc. (NYSE: CBF) today announced that its Board of Directors has declared a
cash dividend of $0.10 per share, payable with respect to the quarter ended
June 30, 2008. The dividend will be payable on July 17, 2008 to
stockholders of record as of the close of business on June 30, 2008.

In determining the dividend, the Board of Directors considered a number
of factors, including, among others, operating results, REIT qualification
requirements, available tax losses, economic conditions, capital
requirements, liquidity, retention of capital and other operating trends.
The Board of Directors will continually reevaluate these factors when
determining future dividends.

A detailed discussion of CBRE Realty Finance’s second quarter results
will take place during its upcoming earnings conference call to be
scheduled in August 2008.

About CBRE Realty Finance, Inc.

CBRE Realty Finance, Inc. is a commercial real estate specialty finance
company primarily focused on originating, acquiring, investing in,
financing and managing a diversified portfolio of commercial real
estate-related loans and securities. CBRE Realty Finance has elected to
qualify to be taxed as a real estate investment trust, or REIT, for federal
income tax purposes. CBRE Realty Finance is externally managed and advised
by CBRE Realty Finance Management, LLC, an indirect subsidiary of CB
Richard Ellis Group, Inc. and a direct subsidiary of CBRE/Melody & Company.
For more information on the Company, please visit the Company’s website at
http://www.cbrerealtyfinance.com.

Forward-Looking Information

This press release contains forward-looking statements based upon the
Company’s beliefs, assumptions and expectations of its future performance,
taking into account all information currently available. These beliefs,
assumptions and expectations can change as a result of many possible events
or factors, not all of which are known to the Company or are within its
control. If a change occurs, the Company’s business, financial condition,
liquidity and results of operations may vary materially from those
expressed in its forward- looking statements. The factors that could cause
actual results to vary from the Company’s forward-looking statements
include the Company’s future operating results, its business operations and
prospects, general volatility of the securities market in which the Company
invests and the market prices of its common stock, the Company’s ability to
begin making investments in the future, availability, terms and development
of short-term and long-term capital, availability of qualified personnel,
changes in the industry, interest rates, the debt securities, credit and
capital markets, the general economy or the commercial finance and real
estate markets specifically, performance and financial condition of
borrowers and corporate customers, increased prepayments of the mortgage
and other loans underlying the Company’s investments, the status of the
class action lawsuit, the potential derivative shareholder claim and any
future litigation that may arise, the ultimate resolution of the Company’s
three non-performing loans totaling $94.8 million and the Company’s three
watch list loans totaling $29.8 million, the monetization of the Company’s
joint venture investments, the outcome of the Company’s exploration of
operational and strategic initiatives, and other factors, which are beyond
the Company’s control. The Company undertakes no obligation to publicly
update or revise any of the forward-looking statements. For further
information, please refer to the Company’s filings with the Securities and
Exchange Commission.



AT CBRE REALTY FINANCE:
Michael Angerthal
Chief Financial Officer
(860) 275-6222
michael.angerthal@cbrerealtyfinance.com

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[Via Real Estate Newswire]