RREEF Real Estate Hires Sally Blatt as Portfolio Manager and Alan Purser as Client Relations Representative

RREEF Real Estate, a part of RREEF Alternative Investments, the global alternatives asset management business of Deutsche Bank’s Asset Management division, today announced the appointment of Sally Blatt as a Director and Portfolio Manager and Alan Purser as Vice President, Client Relations. Blatt has joined the RREEF America REIT II portfolio team in the San Francisco office and reports to Kevin Howley, a Managing Director and Portfolio Manager. Purser will report to Laura Gaylord, Managing Director and Head of Client Relations, North America, in RREEF’s San Francisco office. Blatt will assume responsibilities as Regional Portfolio Manager for the Oregon, Southern California, and Arizona REIT II holdings and will be based out of San Francisco. RREEF America REIT II is an open-end core real estate fund with $11 billion in assets. Blatt has nearly 20 years of real estate leasing and investment experience most recently as Regional Leasing Director with Equity Office. Prior to that she was a Project Director with Speiker Properties working on their publicly traded office REIT and with Catellus Development Corporation as an Asset Manager responsible for a Northern California mixed-use portfolio. Purser previously was a Vice President with Buchanan Street Partners where his primary responsibilities included development relationships with regional based real estate operating partners. He will be based in RREEF’s Atlanta office and will be responsible for developing and maintaining client relationships in the Southeast. "Sally’s depth of experience working with some of the country’s leading real estate firms will be of great value to our portfolio management team as we move forward into a period where strong leasing management will make all the difference,” said Howley. Blatt earned a BA from Occidental University in Los Angeles. Purser earned his BA in Business Administration from North Carolina State University. RREEF North America's activities include real estate and infrastructure private and public market equity investments ranging from core investments to higher return/higher risk holdings, including development. Headquartered in San Francisco, RREEF North America has 86 property management offices nationwide and property acquisitions offices in San Francisco, Chicago and New York. About RREEF Real Estate RREEF Real Estate is part of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division. RREEF Alternative Investments consists of four businesses: Real Estate, Infrastructure, Private Equity and Hedge Funds. Headquartered in New York, RREEF Alternative Investments employs more than 1,400 investment professionals in 15 cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance. RREEF has $97 billion in assets under management worldwide as of 30 September 2007. About Deutsche Bank Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,920 employees in 75 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States. About Deutsche Asset Management With approximately $798.4 billion in assets under management globally (as of 30 September 2007), Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.