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Press Release

GE Capital Solutions to Acquire Trustreet Properties, Inc.

October 30, 2006

DANBURY, Conn.--(BUSINESS WIRE)--GE Capital Solutions, the business-to-business leasing, financing and asset management unit of General Electric (NYSE: GE), today agreed to buy Trustreet Properties, Inc. (NYSE: TSY), one of the leading self-advised restaurant real estate investment trusts (REIT) in the United States.

The purchase price is $17.05 per share of common stock. The acquisition, subject to approval by Trustreet's common stockholders and other customary closing conditions, is expected to close in the first quarter of 2007. It will significantly expand GE Capital Solutions' presence in the burgeoning casual dining and quick serve businesses. Trustreet's customers include Wendy's, Burger King, Jack-In-The-Box, Arby's, Denny's and Pizza Hut franchisees.

After completion of the acquisition, Trustreet Properties will become part of GE Capital Solutions' Franchise Finance business, based in Scottsdale, Arizona.

"Trustreet Properties increases the presence of GE Capital Solutions Franchise Finance on the East Coast, provides a broader suite of finance products and sales capabilities, and adds strong and long-term relationships in the restaurant segment," said Richard Laxer, president and CEO, GE Capital Solutions. "It's a significant growth opportunity for us, and an opportunity to bring our world-class service and products to not only our new customers, but to the segment in general."

"This transaction provides the opportunity to combine Trustreet's and GE Capital Solutions' complementary industry best practices to dramatically expand the depth and breadth of financial services that can now be provided to our restaurant customers," said Curtis McWilliams, President and CEO of Trustreet Properties, Inc. "Trustreet's leading sale leaseback capabilities, combined with GE Capital Solutions' mortgage products, create an expanded suite of products for restaurant operators that reinforce both companies' reputations as trusted business partners for the industry."

"Bringing these two very strong organizations together will dramatically expand our breadth of offerings to customers and prospects across the country," said Diane Cooper, president and CEO, GE Capital Solutions Franchise Finance. "It's a terrific development on many levels."

Wachovia Securities advised GE Capital Solutions' on this transaction and Hogan & Hartson LLP was GE Capital Solutions' legal advisor. Trustreet's financial advisor was Banc of America Securities LLC and Pillsbury Winthrop Shaw Pittman LLP served as its legal advisor.

GE Capital Solutions Franchise Finance is a leading lender for the franchise market via direct sales and portfolio acquisition. It serves more than 6,000 customers and 20,000 property locations in restaurant, hospitality, branded beverage, power sports and automotive after-market industries. www.gefranchisefinance.com

GE Capital Solutions provides leasing, lending and capital investment products and services to help business customers grow. It has over $92 billion in assets, serves more than a million clients around the world and is headquartered in Danbury, Connecticut, USA. www.ge.com/capitalsolutions

GE (NYSE: GE) is a diversified technology and services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's web site at www.ge.com

Contacts

GE Capital Solutions
John Oliver, 203-984-7757
[email protected]

Stephen White


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