CHARLOTTE, N.C.--Oct. 28, 2002--Mountain Funding, LLC, a major nationwide provider of mezzanine and joint venture capital to real estate developers, announced the appointment of Robert R. Kilroy, CFA, as Chief Investment Officer (CIO). Kilroy has been in the real estate business for more than 19 years, most recently as executive vice president for Development at Summit Properties. Summit Properties Inc., a leader in the operation, development, and acquisition of luxury apartment communities, currently owns or holds interests in 56 communities comprised of 17,078 apartment homes with 2,022 apartment homes under construction in seven communities. In addition, Kilroy served for 15 years as an executive with Prudential Real Estate Investors, a business unit of Prudential Financial. At Prudential, he oversaw the investment activities of Prudential Home Building Investment Advisers, LP, which successfully invested over $500 million in 74 single family land and home building developments across the US. At Mountain Funding, Kilroy will be responsible for the continuing expansion of the company into the Western US and will oversee the general investment activities of the firm, reporting to Mountain Funding's CEO Peter J. Fioretti. Kilroy holds a master's degree (MSc) from The London School of Economics, a master's degree (MBA) from Columbia University and a bachelor's degree from Bowdoin College. He is a member of the Urban Land Institute, the Association for Investment Management and Research and The New York Society of Securities Analysts. Headquartered in Charlotte, North Carolina, with offices in Princeton, New Jersey, and Boca Raton, Florida, Mountain Funding, LLC provides high-leverage (up to 95%) senior/mezzanine debt and equity to value-added income projects and entities. Established in 1993, Mountain Funding has closed equity and debt transactions involving real estate projects valued in excess of $2.8 billion. The firm targets situations that are undervalued or under-performing and have realistic potential for significant value and/or case flow enhancement. Typical value-added projects include condominium conversions, commercial/residential repositionings, expansions and improvements, and low-leverage land. For more information visit www.mountainfunding.com.