Prudential Real Estate Investors, the real estate money management business of The Prudential Insurance Company of America, selected IRES' NetSource solution to help them simplify their business operations.

This innovative tool provides on-line access to IRES' software, hosted on IRES' servers and managed by IRES' staff. "By working with IRES, we can refocus our energies on efforts that are essential to our real estate money management business," says Donald Gulbicki, Vice President, Operations & Systems, Prudential Global Asset Management.

"We no longer have to worry about infrastructure issues and the mechanics of data collection, and can leverage IRES' expertise and innovations," he added.

IRES also provides all support for Prudential Real Estate Investors' home office staff, including training, user hotline support, hardware, software, telephony, and Internet maintenance and support. Full data backup and disaster recovery are also part of NetSource.

About Prudential Real Estate Investors

Prudential Real Estate Investors (PREI), a leader in the global real estate investment management business, is comprised of a group of specialized operating units which offer a broad range of investment opportunities and investment management services in the U.S., Europe, Asia and Latin America. As of September 30, 2004, PREI managed $22.9 billion of gross assets ($15.4 billion net) on behalf of more than 300 clients and is ranked among thelargest real estate investment managers. For more information, please visit their website at www.prei.com.