CapLease Announces Exercise of Over-Allotment Option

NEW YORK--(BUSINESS WIRE)--CapLease, Inc. (NYSE: LSE) announced today that the underwriters of its recent common stock offering have exercised their over-allotment option for a total of 150,000 shares. Including the additional shares sold pursuant to the over-allotment option, the Company’s common stock offering totaled 10,150,000 shares of common stock at a price to the public of $5.60 per share.

Citi and Wells Fargo Securities are the joint book-running managers of the offering. FBR Capital Markets, Keefe, Bruyette & Woods, KeyBanc Capital Markets, and Stifel Nicolaus Weisel are the co-managers for the offering. A copy of the prospectus supplement and prospectus relating to the offering may be obtained from Citi, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58^th Street, 8^th Floor, Brooklyn, NY 11220 (telephone number [phone]) and Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152 (email: [e-mail] or telephone [phone]).

The shares of common stock will be issued pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

This press release contains statements that are forward-looking. Such forward-looking statements involve risks and uncertainties and actual outcomes may differ materially from those projected. For more information regarding these risks and uncertainties, review CapLease’s filings with the Securities and Exchange Commission.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants.