2013-03-15 15:52:47 -

- Board approves new role-

New York, NY - March 15, 2013 -Centerline Capital Group ("Centerline"), a
provider of real estate financial and asset management services for affordable
and conventional multifamily housing, and a subsidiary of Centerline Holding
Company, announced today that Robert L. Levy was promoted to Chief Executive
Officer effective immediately.  He will also remain President.

Mr. Levy was previously the President and Chief Operating Officer of Centerline
and a member of the Board of Trustees of Centerline's parent company, Centerline
Holding Company. Mr. Levy assumed the roles of President, and Chief Operating
Officer in 2010 while retaining his previous position of Chief Financial
Officer.  In 2012 he turned over the Chief Financial Officer role to Michael
Larsen.  The Chief Operating Officer position will be vacant.  Mr. Levy will
retain   his position on the Board of Trustees of Centerline Holding Company.

"Rob is an experienced and dedicated executive who has successfully managed and
led this Company through very challenging and turbulent economic times," noted
Robert. L Loverd, Chairman of Centerline's Board of Trustees.  "He was
responsible for stabilizing the business and its platforms during times of
significant distress and dislocation and now has effectively led the Company
through a period of growth and increasing profitability.  We are pleased to
announce his promotion to Chief Executive Officer and look forward to his
continued leadership."

Mr. Levy joined Centerline in 2001 as the Director of Capital Markets. From
1998 to 2001, he was a Vice President in the Real Estate Equity Research and
Investment Banking departments at Robertson Stephens, an investment banking
firm. Prior to 1998, Mr. Levy worked at Prudential Securities in the real estate
equity research group and at the Prudential Realty Group, the real estate
investment arm of the Prudential Insurance Company.

He earned a Master of Business Administration from the Leonard N. Stern School
of Business at New York University and a Bachelor of Arts from Northwestern
University.
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About Centerline Capital Group
Centerline Capital Group, a subsidiary of Centerline Holding Company, provides
real estate financing and asset management services focused on affordable and
conventional multifamily housing.   We offer a range of both debt financing and
equity investment products, as well as asset management services to developers,
owners, and investors.  An industry leader, Centerline is structured to
originate, underwrite, service, manage, refinance or sell through all phases of
an asset's life cycle.  A leading sponsor of Low-Income Housing Tax Credit
(LIHTC) funds, Centerline has raised more than $10 billion in equity across 137
funds, and invested in over 1,600 assets spanning 47 states. The firm's
multifamily lending platform services more than $12.2 billion in loans. Founded
in 1972, Centerline is headquartered in New York City, with 220 employees in 14
locations throughout the United States.   A strategic partner of Island Capital,
Centerline is organized around three business units:  Mortgage Banking,
 Affordable Housing Debt, and Affordable Multifamily Housing.  To learn more
about Centerline, visit www.centerline.com.
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Certain statements in this document may constitute forward-looking statements
within the meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on management's
current expectations and beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements. Other risks and uncertainties are
detailed in Centerline Holding Company's most recent Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q filed with the Securities and Exchange
Commission, and include, among others, business limitations caused by adverse
changes in real estate and credit markets and general economic and business
conditions; our ability to generate new income sources, raise capital for
investment funds and maintain business relationships with providers and users of
capital; changes in applicable laws and regulations; our tax treatment, the tax
treatment of our subsidiaries and the tax treatment of our investments;
competition with other companies; risk of loss under mortgage banking loss
sharing agreements; and risks associated with providing credit intermediation.
Words such as "anticipates", "expects", "intends",
"plans", "believes", "seeks",
"estimates" and similar expressions are intended to identify forward-looking
statements. Such forward-looking statements speak only as of the date of this
document. Centerline Holding Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in Centerline Holding
Company's expectations with regard thereto or change in events, conditions, or
circumstances on which any such statement is based.




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Source: Centerline Holding Company (CharterMac) via Thomson Reuters ONE
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