For Immediate Release
March 12, 2010

Stuyvesant Town / Peter Cooper Village Tenants Association Retains Moelis & Company as Exclusive Financial Advisor

The Stuyvesant Town / Peter Cooper Village Tenants Association, which recently announced that it is actively pursuing a tenant-sponsored restructuring plan, is taking another significant step towards that end, finalizing plans to retain Moelis & Company as exclusive financial advisor.

The move would put the Tenants Association on equal footing with the various creditor constituencies, hedge funds and major real estate interests that have an existing interest in, or will otherwise seek to gain control of the complex. Moelis & Company has advised many high-profile clients involved in some of the largest restructuring transactions around the world.

“We are very happy to welcome Moelis & Company to our team and to benefit from the decades of experience their professionals bring,” said Al Doyle, president of the Stuyvesant Town / Peter Cooper Village Tenants Association. “We are confident that Moelis & Company can help protect the tenants’ interests by offering us the financial and strategic advice needed to come out on top of this complex restructuring.”

“We are pleased to have an opportunity to work with the Tenants Association to provide strategic advice and solutions at this important stage in the restructuring process,” said William Derrough, Co-Head of Recapitalization and Restructuring at Moelis & Company. “We believe we bring extensive real estate sector and restructuring expertise to the benefit of the Tenants Association.”

As with the retainer of law firm Paul, Weiss, the Tenants Association will not be responsible for the payment of Moelis & Company’s fees.

Representatives from Moelis & Company will be present to participate at a Tenants Association informational meeting this Saturday, March 13, at Baruch College at 1:30 pm.

About Moelis & Company

Moelis & Company is a global investment banking firm that provides financial advisory services and capital raising solutions to clients in connection with mergers and acquisitions, restructurings and other strategic matters. The firm also manages investment funds that integrate capital with its advisory expertise. With over 280 employees, Moelis & Company serves a broad client base through its offices in New York, Boston, Chicago, London, Los Angeles and Sydney. For more information, please visit http://www.moelis.com.

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