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CapLease Sells Common Stock Through At-the-Market Offering



  CapLease Sells Common Stock Through At-the-Market Offering

Business Wire

NEW YORK -- November 30, 2012

CapLease, Inc. (NYSE: LSE)  announced today that it has agreed to a block sale
of 5,500,000 shares of its common stock under the at-the-market offering
program announced on May 25, 2012. The shares were sold for a price of $4.65
per share and aggregate gross proceeds were $25.6 million. Cantor Fitzgerald &
Co. serves as sales agent under the at-the-market offering program.

The Company intends to use the net proceeds from the offering to fund property
acquisitions expected to close before year-end and for other general corporate
purposes.

A copy of the prospectus for the common stock may be obtained from Cantor
Fitzgerald & Co., Attention: Equity Capital Markets, 499 Park Avenue, New
York, NY 10022.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the company's common stock nor shall there be any sale of such
common stock in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

Forward-Looking Statements:

Statements contained in this press release that are not historical facts are
forward-looking statements intended to qualify for the safe-harbors from the
liability established by the Private Securities Litigation Reform Act of 1995.
Statements made that are not historical facts are forward-looking and,
accordingly, involve estimates, assumptions, risks and uncertainties that
could cause actual results or outcomes to differ materially from those
expressed in the forward-looking statements. For a detailed discussion of the
trends, risks and uncertainties that may affect our operating and financial
results, readers should review the company’s most recent Annual Report on Form
10-K, including the section entitled “Risk Factors,” and the company’s other
periodic filings with the SEC.

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, 212-217-6393
bcohen@icrinc.com
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