NEWS RELEASE June 24, 2009

For more information, contact Diane Poelker at 314-721-2828.

Professional Equities, Inc. Offers Housing and Assistance to

Displaced Residents of Condemned Overland, Mo. Apartment Complex

Property Management Firm Waves First Month's Rent and Fees

for Former Residents of Ashby Heights Apartments

ST. LOUIS -- Professional Equities, Inc. (PEI), a local real estate management firm, is offering housing and assistance to displaced residents of a condemned Overland, Mo. apartment complex. As reported on Fox 2 News, residents of Ashby Heights Apartments were displaced from their homes without warning Tuesday, June 23, 2009 after St. Louis County Problem Properties Unit One condemned the property.  

PEI is offering to waive application fees and the first month's rent on a 12-month lease at any of its 11 apartment properties to displaced Ashby Heights residents who qualify. Residents may contact managers at PEI's Lucas Hunt Village apartments for more information.  Additionally, PEI will provide displaced residents temporary use of the company's Shur-Lock self storage facility in Maryland Heights, Mo. at a discounted rate.  

"We understand that this is a very difficult time for the displaced residents," said Greg Smart, PEI executive vice president and general manager. "We want to assist our neighbors at Ashby Heights in any manner that we can."  

Founded in 1969, Chesterfield, Mo.-based PEI manages 11 apartment complexes totaling more than 1,400 units in metro St. Louis.

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Editor's note: Professional Equities, Inc. (PEI) is located at 18433 Edison Ave.,
Chesterfield, Mo. 63005. For more, www.proequity.com

Lucas Hunt Village apartments are located at 5303 Lucas and Hunt Road,

St. Louis, Mo. 63121. Displaced residents seeking assistance may contact Alisha Brown at 314-381-0550.

Shur-Lock self storage facility is located 12120 Dorsett Road,
Maryland Heights, Mo. 63043. Displaced residents seeking assistance may contact Jack at 314-878-4040.