United Properties Veteran to Relocate to Colorado 
as Part of Company’s Growth Strategy

Dale Glowa brings nearly 25 years of office/industrial
development expertise to Denver office

MINNEAPOLIS (Sept. 2, 2008) – United Properties announced today that Dale Glowa, senior vice president−development, will relocate to Colorado this month as part of the company’s growth strategy. An office/industrial developer with the company for nearly 25 years, Glowa will focus on project and business park development in Denver, building upon the success of Ojala and Company, a Denver design/build developer acquired by United Properties earlier this year. Glowa also will help identify new land investment opportunities and related capital sources. United Properties first entered the Colorado real estate market in 2005 with the opening of a retail development division.

“Dale has a long track record of successful office and industrial developments with numerous industry awards of excellence,” United Properties President Frank Dutke said. “He has spent significant time understanding the Colorado commercial real estate market and will be a great complement to the team. We are excited to have him hit the ground running.”   Glowa is looking forward to opportunities in office, office flex and other commercial projects in Colorado. “This is an exciting opportunity to be involved in United Properties’ expansion into this market," he said. "The economy of Colorado is strong, and we will work to achieve competitive market share in office and industrial development.”

Dale Glowa

About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties' Colorado division develops retail properties, as well as office and flex office buildings through the recent acquisition of Ojala and Company. United Properties currently has 30 employees in development in Colorado. Formed in 1916, the United Properties investments group acquires, manages, finances, analyzes and disposes of the company's real estate investments, which includes nearly 60 office, industrial and retail assets in Minnesota, Wisconsin and Colorado. United Properties is a subsidiary of Marquette Real Estate Group. For more information, visit (www.uproperties.com)