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Prime Group Realty Trust Reports Tax Treatment of Its 2008 Dividends

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^{Published in Business and Finance on Friday, January 30th 2009 at 14:46 GMT, Last Modified on 2009-01-30 14:47:40 by Market Wire}  

CHICAGO--([ BUSINESS WIRE ])--Prime Group Realty Trust (NYSE: PGEPRB) (the "Company"), a Chicago-based publicly traded real estate investment trust (REIT), today reported the tax treatment (Form 1099) for its 2008 Series B Cumulative Redeemable Preferred Share dividend. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Prime Group Realty Trust dividends.

About Prime Group Realty Trust

Owned by one of the largest private real estate owners in the country, The Lightstone Group, Prime Group Realty Trust is a fully-integrated, self-administered, and self-managed real estate investment trust (REIT) which owns, manages, leases, develops, and redevelops office and industrial real estate, primarily in metropolitan Chicago. The Company currently owns 9 office properties containing an aggregate of 3.4 million net rentable square feet, a joint venture interest in one office property comprised of approximately 101,000 net rentable square feet and a membership interest in an unconsolidated entity which owns 552 extended-stay hotel properties in operation in 43 U.S. states consisting of approximately 59,000 rooms and three hotels in operation in Canada consisting of 500 rooms. It leases and manages approximately 3.4 million square feet comprising all of the wholly-owned properties. In addition, the Company is also the managing and leasing agent for the approximately 959,000 square foot property known as The United Building located at 77 West Wacker Drive in Chicago, Illinois, and the approximately 1.5 million square foot Citadel Center office building located at 131 South Dearborn Street in Chicago, Illinois. For more information about Prime Group Realty Trust, contact the company's Chicago headquarters at (312) 917-1300 or visit its website at [ www.pgrt.com ].