CapLease Chairman and Chief Executive Officer Paul McDowell to Be Featured Speaker at RealShare Net Lease Conference

CapLease, Inc. (NYSE: LSE) today announced that Paul McDowell, Chairman and Chief Executive Officer, will participate as the featured speaker at the seventh annual RealShare Net Lease Conference to be held at the Marriott Marquis in New York City on April 29, 2009. The program, “Market Conditions Drive New Investment Opportunities,” will focus on new avenues for growth in a challenging economic cycle. Mr. McDowell will provide his perspective on the current economic climate, the outlook for recovery and federal efforts to restore liquidity.

About the Company:

CapLease, Inc. is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants.

Contacts:

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

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