Denver, Colorado, June 21, 2004: The Broe Companies real estate group has announced a financial investment in InSite Properties Inc., one of the nation's top full-service medical property management companies. The Broe Companies is an international investment, acquisition and operations enterprise based in Denver, Colorado. The company is aggressively seeking to expand its diverse portfolio and accelerate its rapid growth.

Founded in 1978, InSite manages and leases nearly 50 medical office buildings. InSite's present staff, management, operational processes and policies will remain in place. According to James Turpen, InSite's Chief Executive Officer, the relationship with Broe will provide the additional capital and critical mass to expand its market and services, especially in acquisition, disposition and development activities. "This provides us with the opportunity for growth locally, regionally and throughout the nation," says Mr. Turpen. "Broe owns or operates a billion dollars in assets. Certainly, our capabilities to serve clients will increase."

Chris Matthews, Broe EVP for real estate, comments that Broe's investment in InSite is supported by research that healthcare and real estate represent a significant long-term market opportunity. Mr. Matthews states this is evidenced by strong demographic indicators. "Our strategy is to identify and purchase medical office buildings and management companies that fit our evolving operating businesses and markets. We think this is a powerful, strategic match."

InSite clients include large healthcare providers, hospitals and private investors. The company has attained a record of high tenant satisfaction, with ratings exceeding 85%. Meanwhile, InSite has typically been able to reduce initial tenant occupancy costs by 12-20%. "With the investment from Broe, we have added the tools to expand our services and better assist clients with all their strategic and tactical real estate needs," says Mr. Turpen.