Mr. Bailey is a real estate finance executive with 28 years of experience in all aspects of real estate investment, development, and lending. He is the Chairman of the Americas Investment Committee, a member of the Americas Management Committee, and serves on Investment Committees for two pension fund investment vehicles.

Mr. Bailey earned a Masters in Business Administration from Babson College. He is a Licensed Massachusetts Real Estate Broker, and holds the designations of Certified Property Manager through the Institute for Real Estate Management, and Certified Commercial Investment Member (CCIM). He is also affiliated with the Real Estate Finance Association, and the Commercial Investment Real Estate Institute.

Mr. Bailey  joins the respected and diverse Board of Directors of Northland Residential, including Frank Stewart, Board Chairman and Chief Executive Officer; Robert Danziger, President and CEO Emeritus of Northland Investment Corporation; Jonathan Maslin, President and CEO of R&R Marketing; Peter Small, CEO Emeritus of Spaulding & Slye Corporation; and John Marshall, III, CEO Emeritus of Marshall Construction.

Northland Residential President and Chief Operating Officer John C. Dawley states, “Over the course of the last thirty-five years, one of the cornerstones of this company’s success has been its distinguished Board of Directors. These individuals have shaped the growth of our company and helped to secure our stature as one of New England’s’ foremost developers of exceptional residential real estate. Today, in naming Peter Bailey to the Board, I am confident that his business acumen, depth of experience and fundamental integrity will serve to further solidify our legacy throughout this most challenging of residential real estate cycles.”     

About Northland Residential Corporation
Widely recognized for its dedication to the environment, Northland Residential Corporation, a privately owned company, is regarded as one of New England’s premier developers of extraordinary real estate. With every detail finely calibrated, Northland Residential takes great care to integrate its properties into existing landscapes and optimize available resources to create extraordinary living environments. In doing so, the company has been able to maintain its environmental responsibility without compromising sophistication and quality. Included in their diverse portfolio are ocean- and lake-front developments, golf-course communities, renovated historic properties, private single-family and vacation homes, and luxury condominium communities.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.