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Great Lakes REIT Inc & Aslan Realty Partners II LP	Update Date: 12/19/08
Date Announced: 01/22/04
Value (million $USD): 251.8 million U.S. Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	01/22/04
Date Originally Announced	01/22/04
Format	Merger	Acquisition techniques	Going Private; Financial Acquiror
Attitude	Friendly	Agency	n/a
Value	251.8 million U.S. Dollar	Advisor Fees	Great Lakes REIT paid Houlihan Lokey an advisory and opinion fee of $0.6 mil.

SYNOPSIS

US - Aslan Realty Partners II LP (AR), a unit of Transwestern Investment Co LLC, acquired all the outstanding common stock of Great Lakes REIT (GL), a real estate investment trust, for a sweetened $15.65 in cash per share, or a total value of $251.762 mil. Originally, AR offered $14.98 in cash per share, or a total value of $240.983 mil. Previously, LaSalle Investment Management, a unit of Jones Lang LaSalle, acquired the medical office buildings of GL and an investor group, comprised of Fortis Asset Management and University of Minnesota acquired the Minnesota assets of GL.

TARGET
Name	Great Lakes REIT Inc (GL)
Industries	n/a
City	Oak Brook
State	IL
Nation	United States
Incorporated in	n/a
Public Status	Public
Business Description	Real estate investment trust
Advisors	Houlihan Lokey Howard & Zukin
Target Sales	105.2 million U.S. Dollar

ACQUIROR
Name	Aslan Realty Partners II LP
Industries	n/a
City	Chicago
State	IL
Nation	United States
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Open-end investment fund
Advisors	NULL
Acquiror Sales	n/a

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