PIEDMONT OFFICE REIT SECURES $250 MILLION IN FINANCING

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ATLANTA — Atlanta-based Piedmont Office Realty Trust recently obtained a $250 million unsecured term loan from a syndicate of 12 banks, including co-lead arrangers and book managers J.P. Morgan Securities and Bank of America Securities. The loan, which will mature on June 28, 2010, and may be extended for 1 year, will help fund property acquisitions. As of March 31, Piedmont has a debt to real estate assets ratio of 25.6 percent.

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