Published: April 28, 2006

Hanley Wood Acquires Alexander & Edwards Publishing

Hanley Wood has acquired the assets of San Francisco-based Alexander & Edwards Publishing, Inc. Privately held, the company is a premier publisher in the housing finance market. The purchase includes two magazines (APARTMENT FINANCE TODAY and AFFORDABLE HOUSING FINANCE) and two industry conferences associated with those magazines.

Founded and led by Andre Shashaty, Alexander & Edwards' publications and conferences provide mission critical information for navigating complex questions on development and financing of multifamily housing, affordable housing and community development, and public policy on housing and urban affairs.

"This is a critical acquisition for us," says Peter Goldstone, president of Hanley Wood Magazines. "These prestigious media properties connect an important audience of multifamily developers, owners, government housing officials and other real estate professionals to the financial services firms looking for lending and investment opportunities. The APARTMENT FINANCE TODAY and AFFORDABLE HOUSING FINANCE properties will allow us to expand our current portfolio of multifamily publications and conferences into the financial and affordable sectors of the industry."

AFFORDABLE HOUSING FINANCE, launched in 1993, is a must-read news monthly for developers and financiers involved in the development of government subsidized apartment buildings and related community and economic development ventures. AHF Live!: The Tax Credit Developers Summit launched in 2004, and attracts over 300 attendees, exhibitors and sponsors. In 1997, Shashaty launched APARTMENT FINANCE TODAY serving those who own and develop market rate apartments. The companion conference, AFT Developer's Conference, was held for the first time in March 2005 and attracted over 200 attendees, exhibitors and sponsors.

"We believe that Hanley Wood will be the best home for our magazines and conferences," says Andre Shashaty, who is sole owner of Alexander & Edwards. Shashaty will remain with Hanley Wood as Editor-in-Chief of both magazines and Chairman of the conferences.

The publications and conferences will join Hanley Wood under the direction of Warren P. Nesbitt, group publisher. Other magazines in the group include BUILDER, BIG BUILDER, RESIDENTIAL DEVELOPER and MULTIFAMILY EXECUTIVE.

"These magazines serve important markets and will round out our media portfolio in the residential construction market," says Nesbitt.

About Hanley Wood

Hanley Wood, LLC, is the premier media company serving housing and construction. Through five operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data and custom marketing solutions. The company also is North America's leading publisher of home plans. Hanley Wood Magazines (Washington, D.C.), publishes 26 award-winning residential and commercial construction titles, including BUILDER, REMODELING, CUSTOM HOME, CONCRETE CONSTRUCTION and RESIDENTIAL ARCHITECT. In 2004, Builder was named to B-to-B magazine's Media Power 50. For consumers, Hanley Wood Magazines publishes shelter magazines and home plans titles along with home plans web sites.

Founded in 1976, Hanley Wood is a $240 million company owned by JPMorgan Partners, LLC, a private equity affiliate of JPMorgan Chase & Co.