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Basin Street Properties Names Terrance Flynn CFO

RENO, Nevada – September 28, 2009 – Basin Street Properties (www.basin-street.com), a prominent Northern Nevada and Northern California real estate investor of commercial and mixed-use properties, named Terrance Flynn as Chief Financial Officer. Flynn, a 25-year veteran in the commercial real estate industry, will be located in Basin Street’s Reno office and will manage all aspects of the company’s financial portfolio.

“Terry has held a number of senior financial management and leadership positions during his 25-year career in the commercial real estate industry, and we are excited to welcome him to the Basin Street team,” said Matt White, president of Basin Street Properties.

Prior to joining Basin Street, Flynn served as senior vice president/market manager for US Bank’s Commercial Real Estate division. In this capacity, he was responsible for providing direction and leadership for commercial real estate loan activity in the Sacramento market. He also managed and supervised lending activities, maintained potential and existing customers to develop and increase new business, and worked closely with customers to manage and restructure troubled assets and renegotiate loans. Other senior level positions held by Flynn include senior vice president/manager for River City Bank, Real Estate Division; Vice President/Team Leader, US Bank, Commercial Real Estate; and Vice President, Union Bank, Real Estate Industries Group.

“I hold Basin Street in the highest regard, and am excited to be joining the company at this challenging, yet opportunistic time in the real estate industry,” said Flynn. “I look forward to collaborating with its executive team to position the company for continued success as the economy moves toward recovery.”

Basin Street Properties is one of Northern California’s and Northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed use developments. Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information on Basin Street Properties, please call 707.795.4477 or visit www.basin-street.com.