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Snow Park And Kate Merli End Litigation, No Payments Exchanged

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– Terms Of Agreement Not Confidential And Contain No Monetary
Considerations –

– Snow Park Receives Additional Protections –

Snow Park Capital Partners L.P. and its founder Jeffrey Pierce today
announced that an agreement has been reached that immediately ends
litigation with Ms. Kate Merli, who previously served as the firm's
Chief Financial Officer.

Per the agreement, the lawsuits have been withdrawn and cannot be
refiled, and all claims for both parties are released. Additionally, Ms.
Merli is permanently barred from repeating or representing as true her
allegations against our firm and Mr. Pierce. And importantly, Ms. Merli
is not receiving now, nor in the future, any money, cooperation, or
other benefits as part of this agreement.

We believe the terms of the agreement, which are not confidential,
should resolve any questions about the merit of Ms. Merli's allegations.

Snow Park continues to place the highest priority on professionalism,
respect and maintaining an appropriate workplace environment for all
employees.

About Snow Park

Snow Park Capital Partners L.P. is a privately-held investment manager
that specializes in investing in publicly-traded real estate securities
across the capital structure. Based in New York City and founded by Mr.
Jeffrey Pierce, the firm focuses on producing strong risk-adjusted
returns for a diverse investor base of public institutions, private
entities and qualified individual clients.

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