First Service Realty Appoints Director of Business Development Wednesday, June 22, 2005

For Immediate Release First Service Realty Appoints Director of Business Development New Position Charged to Increase Market Share Miami, Fla. – June 15, 2005 – First Service Realty, Inc. (FSR), a Florida-based, privately owned and operated residential/commercial real estate company, has appointed Alex Garabedian to Director of Business Development. He brings more than 30 years of product development experience and corporate expansion to FSR. Garabedian is charged with increasing revenue generation through development and ongoing management of business relationships and will help guide the firm's expanding program of new acquisitions as it adds to its impressive portfolio of property investments and increased market share. Additionally, he is responsible for identifying potential business opportunities and partners, creating joint venture relationships with financial associates, negotiation of licenses and agreements and strengthening the company’s strongholds. “Alex brings such an enormous wealth of development experience to First Service Realty,” said Eduardo San Roman, president and CEO. “Because of our current state of expansion, we need someone like Alex to guide our growth.” Previously Garabedian was President and CEO of Fine Distributing, a subsidiary of Hagemeyer, a multi-national trading company with over $9 billion dollars in revenue. During his tenure, the company developed and constructed two 200,000 square foot distribution centers, helping to achieve sales of more than $250 million dollars. Through a series of acquisitions, he expanded the company’s distribution network from South Florida to the entire Southeast region of the U.S. In 1997, he founded and lead East Coast Beverage where he successfully created a thorough broker and distribution network placing products in 48 states and more than 250 major retailers. In addition to his leadership roles, Garabedian served on numerous multi-national advisory boards for Quaker Oats, Nestle, Hormel, H.J Heinz and Cadbury Schweppes. About First Service Realty First Service Realty, Inc. is one of Florida's largest privately held real estate firms, with a projected sales volume of $750 million in 2005. The company attributes its success to a consistent emphasis on integrity, service and experience. A family of full-service real estate and financial services companies, FSR's 350 sales professionals help clients buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and title insurance throughout nine offices statewide. Founded by Eduardo San Roman G.R.I. in 1984, the firm has been dedicated to strengthening its position as an industry leader in client services, Realtor education and professional development. Please visit www.firstservicerealty.com for further information. Media Contact: Katherine Josephs Public Relations Director First Service Realty kjosephs@firstservicerealty.com 305-551-5900 ext 132