CapLease Announces Public Offering of New Series C Preferred Stock

  CapLease Announces Public Offering of New Series C Preferred Stock

Business Wire

NEW YORK -- January 16, 2013

CapLease, Inc. (NYSE: LSE)  announced today the commencement of an initial
public offering of a new 7.25% Series C Preferred Stock. CapLease intends to
apply to list the Series C Preferred Stock on the New York Stock Exchange
under the symbol “LSEPrC.” MLV & Co. LLC and JMP Securities LLC are acting as
underwriters to offer and sell the Series C Preferred Stock on a “best
efforts” basis.

CapLease intends to use the net proceeds of the offering for general corporate
purposes, which are expected to primarily include repurchase or redemption of
our SeriesA preferred stock.

The shares will be issued pursuant to a registration statement that has been
declared effective by the Securities and Exchange Commission. A preliminary
prospectus supplement and accompanying prospectus relating to the offering
have been filed with the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy the shares, nor shall there be any sale in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such jurisdiction.

MLV & Co. LLC is acting as sole book-runner for the offering, and JMP
Securities LLC is acting as lead manager for the offering.

The offering may be made only by means of a preliminary prospectus supplement
and the accompanying prospectus. You may request copies of these documents by
contacting MLV & Co. LLC, 1251 Avenue of the Americas, New York, NY 10020,
Attn: Randy Billhardt, via email at rbillhardt@mlvco.com and via telephone at
(212) 542-5882.

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. Factors that could cause actual
results to differ materially from CapLease’s expectations include, but are not
limited to, changes in capital markets and economic conditions, completion of
the offering on the terms described in the registration statement, the
prospectus supplement relating to the offering and the accompanying
prospectus, and use of proceeds from the sale of the Series C Preferred Stock.
For more information regarding these and other risks and uncertainties, review
CapLease’s Annual Report on Form 10-K for the year ended December 31, 2011 and
its other filings with the Securities and Exchange Commission.

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:

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