NEWS

ALLEGRO APARTMENTS EXCEEDS EXPECTATIONS WITH "DESIRE" GRAND OPENING

Largest Multifamily Residence in D.C.'s Ward 1 Welcomes Members of its Community Inside For a Monumental Grand Opening Celebration.

WASHINGTON, D.C. (April 23, 2009) - The Allegro Apartments, a highly anticipated 297-unit luxury apartment building in the heart of Columbia Heights, officially opened its doors on April 22, 2009 with the ultimate Grand Opening celebration - "Desire" - attracting an overwhelming amount of praise and a warm welcome from members of the Washington, D.C. business, social, residential and real estate communities.

RSVPs poured in at over 1,000 and efforts leading up to the event piqued community interest in Allegro resulting in a 70% increase in visitors to www.AllegroSpaces.com and 10% of the building being leased prior to its opening. Hundreds of prospective tenants enjoyed the music of The Yellow Fever DJs as they received guided tours of the apartment building and its many amenities. The evening was a result of collaboration between Allegro, Metro Properties, Inc., Kettler Management and Merrick Towle Communications. Official sponsors were Grey Goose vodka and On Tap, the Washington, D.C. metro area's guide to music, entertainment, nightlife and culture.

"The success of this evening certainly surpassed expectations and is very impressive against industry standards," says Jeremy N. Rubenstein, president of Metro Properties. "Our primary goal has always been to appeal to members of D.C.'s core communities and provide a lifestyle that they crave, while embracing the history and revitalization of a neighborhood as rich and vibrant as Columbia Heights. Tonight's celebration did just that."

Allegro was developed by Metro Properties, Inc. and is managed by Kettler. For more information and to arrange a private tour visit www.allegrospaces.com or call 1-202-588-5800. There is immediate occupancy for a majority of the units.

About Metro Properties, Inc.
Founded in 2001 by Jeremy N. Rubenstein, Metro Properties, Inc. is a real estate development firm headquartered in Bethesda, Md. with the goal of contributing to the substantial revitalization of the Washington, D.C. metropolitan area. Specializing in transit-oriented multifamily and mixed-use developments, Metro Properties has built hundreds of homes in the Washington, D.C. region with a focus on providing superior value, quality and amenities in an urban environment. For more information visit www.MPCompanies.com

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