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BUCHANAN'S CHALLENGE FOR CHILDREN RAISED $200,000 TO BENEFIT LOCAL CAUSES

Newport Beach, CA
(September 24, 2008) - More than 450 real estate professionals went head-to-head for Buchanan Children’s Charities’ 8th annual Challenge for Children Friday, September 12th at Newport Dunes in Newport Beach, Calif.  A total of $200,000 was donated at this year’s multi-sport competition, which raised money for local children’s charities including Talk About Curing Autism (TACA) and Miocean, as well as Court Appointed Special Advocates (CASA) and Providence Speech and Hearing Center through the efforts of United Way. Each charity was presented with a $50,000 donation, which included a match by Buchanan Children’s Charities.

The all-day event hosted 46 real estate industry teams competing in volleyball, basketball, a kayak-run relay and an obstacle course.  For the first time in the event’s history, a Buchanan Street Partners team took home the first place trophy. The winning team put its grand prize – a day with the USC football team and coach Pete Carroll – up for a live auction which quickly sold for $2,500.  The money raised through the auction was given back to Buchanan Children’s Charities and will be donated to various organizations throughout the year. The Newport Beach Fire Department came in second place followed by The Irvine Company, which came in third.  

“This year’s event demonstrated the strength of the local commercial real estate industry and its commitment to giving back to the community. The event sold out and participants generously donated funds above and beyond our expectations to support these programs,” said Robert Brunswick, President and CEO of Buchanan Street Partners. “Buchanan Street Partners along with Buchanan Children’s Charities sends its gratitude to all of those who participated and who helped fulfill our promise to support these local charities.”

Other companies that participated, each with a minimum contribution of $3,500, included: AEW Capital Management, Birtcher Development and Investments, Bixby Land Company, Bridge Investment Group, Chase Merritt, CIP Real Estate, Hines, Lowe Enterprises, The TCW Group, Inc and US Bank.  This year’s event sponsors included:  The American Real Estate Executive Search Company, DLA Piper, GE Real Estate, RBC Capital Markets and Yardi Systems.

About Buchanan Children’s Charities
Buchanan Street Partners is a leading real estate investment management firm headquartered in Newport Beach, California.  In 2007, the firm formed Buchanan Children’s Charities, a public non-profit organization, to measurably improve the quality of life and educational opportunities for children.  Buchanan Children’s Charities is a corporate catalyst for communicating to other companies about the value of corporate philanthropy and the opportunities available to make a tangible impact in our communities.