News from Simpson Housing LLLP regarding the start of construction this month of a new apartment building on the Greenway at Causeway & Beverly Streets in the Bulfinch Triangle, next to the Archstone Avenir building.

Simpson Housing LLLP has announced plans for the development of a 365,000-square
foot, luxury rental apartment property to be developed in downtown Boston. The property,
which has been named The Victor, will feature 286 apartments, 138 parking spaces and
17,000 square feet of premier ground-floor retail space.

Construction on this exciting project is scheduled to begin the first week of August, 2011
with a completion date set for early 2013. The property, which is located at Causeway
Street and Beverly Street in downtown Boston, will become the first major apartment
development project to break ground in Boston since 2007.

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Upon completion, The Victor will be managed and leased by Simpson Property Group.
Property amenities will include two rooftop lounges, 5000 SF health club with sports
court and gaming lounge, residential lobby with concierge and residents’ lounge. The
luxury apartment homes will be outfitted with custom Italian cabinetry, hardwood floors,
granite countertops, stainless steel appliances and designer fixtures. Two penthouse
levels will feature finish and appliance upgrades as well as private building amenities.

The Victor is being constructed according to LEED Silver standards and will offer a variety
of floor plans. Residents will have the choice of studio, one bed/one bath, one bed/one bath
plus den, two bed/two bath and two bed/two bath plus den floor plans ranging in size from
546 to 1258 square feet.

For more information, please contact:
Patrick McMahon at Patrick.McMahon@SimpsonHousing.com
or visit www.RentTheVictor.com.

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