Business Editors/Real Estate Writers

IRVINE, Calif.--(BUSINESS WIRE)--Aug. 13, 2003

The Prudential Real Estate Affiliates Inc., a Prudential Financial Inc. (NYSE:PRU) company, today announced the affiliation of Peters Realty and two start-up companies -- Georgia Intracoastal Properties LLC, and Star Real Estate Inc.

Located in the foothills of the Catskill Mountains in Monticello, N.Y., and servicing Sullivan County, Peters Realty will now operate as Prudential Peters Realty. Established in 1986, Prudential Peters Realty specializes in commercial and residential properties, which include vacation homes, farms, and multi-family dwellings.

Georgia Intracoastal ...