CapLease Reports on Impact of Hurricane Sandy

  CapLease Reports on Impact of Hurricane Sandy

Business Wire

NEW YORK -- October 31, 2012

CapLease, Inc. (NYSE: LSE)  announced today that it has assessed the impact of
Hurricane Sandy on its investment portfolio, and that none of its owned
properties have been significantly damaged by the hurricane.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that primarily owns
and manages a diversified portfolio of single tenant commercial real estate
properties subject to long-term leases to high credit quality tenants.

Contact:

Investor Relations/Media Contact:
ICR, LLC
Brad Cohen
bcohen@icrinc.com
212-217-6393