Centerline Holding Company Announces Takeover Talks with Hunt

Centerline Holding Company

("Centerline" or the "Company") today announced that its Board of Trustees has authorized the commencement of negotiations with Hunt Capital Partners, LLC, an affiliate of Hunt Companies, Inc. ("Hunt") after Hunt informed the Company of its interest in acquiring complete ownership of the Company. An affiliate of Hunt previously acquired 978,274 of the Company's Common Shares, representing approximately 41% of the Common Shares outstanding. The Company intends to pursue its negotiations with Hunt with the goal of maximizing shareholder value. Centerline has entered into a standstill and exclusivity agreement with Hunt which obligates the Company to negotiate in good faith with Hunt to attempt to reach mutual agreement on a Transaction and precludes the Company from exploring other alternatives until 11:59 p.m. EDT on May 16, 2013. Hunt indicated an interest in acquiring the remaining ownership of the Company. The negotiations with Hunt are ongoing and there can be no assurance with respect to the terms or the timing of any transaction, or whether conditions to closing, including third party consents, will be satisfied and a transaction will be concluded