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Most Workers Would Rather Have Their Own Birthdays Off in Lieu of Commemorating Washington's and Lincoln's
[February 15, 2008]

Most Workers Would Rather Have Their Own Birthdays Off in Lieu of Commemorating Washington's and Lincoln's


(Market Wire Via Thomson Dialog NewsEdge) CORAL GABLES, FL, February 15 / MARKET WIRE/ --

Blumberg Capital
Partners, the U.S. investment firm and commercial real estate
investment manager headed by Philip
Blumberg, today released additional data from its recent national
survey of office workers.

Nearly half of office workers surveyed cited their own birthdays, when
asked to rank their top choice for company-sponsored holiday among several
days typically included among "floater" days. The choice far outpaced all
other options, including Valentine's Day and Presidents' Day. Here are the
complete rankings based on the December 2007 survey:

-- Own birthday: 46%
-- Veterans' Day: 14%
-- Presidents' Day: 10%
-- Election Day: 10%
-- Martin Luther King, Jr. Day: 8%
-- Halloween: 6%
-- Valentine's Day: 2%
-- Columbus Day: 2%
-- St. Patrick's Day: 2%


The holiday question was part of a broader survey designed to gauge the
impact of office building conditions and ergonomics on worker attitudes,
productivity and motivation. Those results were released in late January
and are available at www.blumbergcapitalpartners.com, along with data on
the holiday question. Some of the top-line results of the full survey:

-- One in three workers surveyed said they have either accepted or left a
job due to "the condition of the building and/or the amenities offered."
-- Nearly half said their office buildings and office environments are
either "bland," "dumpy," or "stodgy."
-- The top office malady cited by workers: extreme office temperatures
due to poor air ventilation and heating and air-conditioning systems,
followed by outdated d?cor, unexplained odors or foul/unclean air,
rodents/insects, theft/crime, and leaky ceilings and windows.
-- About a quarter of the respondents said the cleanliness of their
buildings is either "marginal" or "appalling."
-- One in three workers said they're concerned about getting sick or
injured from unhealthy or unsafe building conditions.
-- Fully 80% of workers said the condition of their office buildings
affects how they perceive their employers.
-- The vast majority (69%) confirmed that the condition of their office
buildings affects their own individual productivity and motivation.


"The survey uniquely illustrates just how much of an impact office
environments have on worker attitudes and overall economic productivity,"
said Philip Blumberg,
chairman and CEO of Blumberg Capital Partners, which owns and manages
several Class A office buildings in the U.S. "We added the holiday
question because it's an issue that our tenant companies often struggle
with -- designating specific days most appropriate as company holidays.
While the roster includes some rather offbeat choices, it does show how
much value employees place on their own birthdays."

The survey was commissioned by Blumberg Capital Partners and conducted by
Fleishman-Hillard Research to highlight office workers' attitudes and
opinions about various aspects of their office buildings. The findings are
based on a national online survey of 500 adults who spend the majority of
their workday in one office building. The poll was conducted in December
2007 and has a margin of error due to sampling of no more than plus or
minus five percentage points at the 95% confidence level. The sample
comprised 209 males and 291 females. Demographics were also collected for
income level, job type, age, region, education and type of office building.

For complete results, visit www.blumbergcapitalpartners.com.

Founded in 1979 by Philip
Blumberg, Blumberg Capital Partners specializes in U.S. commercial real
estate, including acquisitions and divestments, market research, due
diligence, and the management and leasing of commercial properties. Its
investment portfolios have comprised some $500 million in commercial real
estate assets. Blumberg Office Properties is a member of the National
Council of Real Estate Investment Fiduciaries. For more information, visit
www.blumbergcapitalpartners.com.

Blumberg Office Properties in 2006 consolidated its national real estate
portfolio, selling office towers in Coral Gables, Fla., and Miami. Blumberg
Capital Partners recently announced intentions to start a media and entertainment
investment fund in 2008, to augment its commercial real estate
ventures.

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Contact:
Sean Healy
212-453-2438
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