Prime Group Realty Trust Announces Termination of Merger Agreement with Affiliates of Five Mile Capital Partners, LLC

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Prime Group Realty Trust Announces Termination of Merger Agreement with Affiliates of Five Mile Capital Partners, LLC Powered By Docstoc
					Prime Group Realty Trust Announces
Termination of Merger Agreement with Affiliates
of Five Mile Capital Partners, LLC
July 01, 2011 05:10 PM Eastern Daylight Time 

CHICAGO--(EON: Enhanced Online News)--Prime Group Realty Trust (OTC PINK: PMGEP) (the "Company")
announced today that the merger agreement between the Company and affiliates of Five Mile Capital Partners, LLC,
a Connecticut-based alternative investment and asset management company (“Five Mile”), has terminated in
accordance with its terms. The proposed merger did not receive sufficient votes from the Company’s Series B
preferred shareholders to approve the transaction prior to the occurrence of the outside date that was specified in
the merger agreement. The parties have acknowledged the termination and agreed that no amounts shall be required
to be paid by any party as a result of the termination of the merger agreement. The previously announced joint
venture between the Company and affiliates of Five Mile for the building located at 330 N. Wabash Avenue in
Chicago is not affected by the termination of the merger agreement.

About Prime Group Realty Trust

Prime Group Realty Trust is a self-administered and self-managed real estate investment trust (REIT) which owns,
manages, leases, develops and redevelops office and industrial real estate in metropolitan Chicago. The Company
currently owns 2 office properties containing an aggregate of 230,000 net rentable square feet and interests in two
joint ventures that own two office properties comprised of approximately 1.24 million net rentable square feet. The
Company leases and manages approximately 1.37 million square feet comprising all of its wholly-owned properties
and its 330 N. Wabash Avenue joint venture property. For more information about Prime Group Realty Trust,
contact the Company's Chicago headquarters at (312) 917-1300 or visit its website at www.pgrt.com.

This press release contains certain forward-looking statements which involve known or unknown risks, uncertainties
or other factors not under the Company's control which may cause the actual results, performance or achievement of
the Company to be materially different from the results, performance or other expectations implied by these forward-
looking statements.

Contacts
Prime Group Realty Trust
Jeffrey A. Patterson, 312-917-1300
President and CEO

				
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Description: CHICAGO--(EON: Enhanced Online News)--Prime Group Realty Trust (OTC PINK: PMGEP) (the "Company") announced today that the merger agreement between the Company and affiliates of Five Mile Capital Partners, LLC, a Connecticut-based alternative investment and asset management company (“Five Mile”), has terminated in accordance with its terms. The proposed merger did not receive sufficient votes from the Company’s Series B preferred shareholders to approve the transaction prior to the occurrence of a style='font
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