STRATEGIC PARTNERSHIP FORMS BETWEEN NAI CAROLANTIC AND ALLIANCE

RALEIGH & GREENSBORO, N.C. — Raleigh-based NAI Carolantic Realty has formed a strategic partnership with the Greensboro-based Alliance Commercial Property Management Co., where NAI Carolantic's property management operations will be merged with Alliance. Alliance manages more than 2.5 million square feet of office and retail space, including a portfolio of 25 properties in the Carolinas containing NAI Piedmont Triad in Greensboro.