State Street Builds on Alternative Investment Servicing Capabilities with New Online Real Estate Performance Tools

    State Street Customers Now Have Integrated Property Level Transparency
via Web-Based Performance and Analytics Services to Better Monitor Their Real
Estate Investment Portfolios

    BOSTON, June 5 /CNW/ - State Street Corporation, (NYSE:   STT), the world's
leading provider of financial services to institutional investors, announced
today that it has enhanced its real estate servicing capabilities by providing
customers with a full suite of online performance analytics and risk
assessment tools to better monitor their entire real estate investment

    Real estate investing requires comprehensive monitoring of key assets and
portfolios to evaluate risk and make more informed investment decisions. State
Street, in partnership with Resolve Technology, has developed an online
solution to allow customers to access needed data via Private Edge(R) within
an automated environment, eliminating extensive manual reconciliation
processes typically required in the real estate industry.

    "Providing our customers with automated capabilities to analyze their
real estate portfolios from an aggregate level down to tenant level is yet
another way we are enhancing our capabilities to accommodate our customers
increased allocations to alternative investments," said Joe Antonellis, vice
chairman, chief information officer and head of State Street's North American
investor services business. "State Street now provides unparalleled
transparency across real estate investment portfolios and in-depth analyses,
offering the most comprehensive and advanced solutions for real estate

    California State Teachers Retirement System "CALSTRS" is one of the
initial adopters of this enhanced service to support in-depth analysis of its
real estate assets. "This technology will give us the type of portfolio
management tools our staff has had for public market securities and it puts us
one step closer to integrating all our asset classes into one comprehensive
system," Chris Ailman CIO, of CALSTRS.

    "This partnership with State Street enhances the way investors' access
and view their real estate investment portfolios," said Eric Forman, president
and chief executive officer of Resolve Technology. "This new offering will
greatly help customers manage risk, analyze and evaluate performance, and make
more informed investment choices."

    About State Street

    State Street Corporation (NYSE:   STT) is the world's leading provider of
financial services to institutional investors including investment servicing,
investment management and investment research and trading. With $12.3 trillion
in assets under custody and $1.8 trillion in assets under management at March
31, 2007, State Street operates in 26 countries and more than 100 geographic
markets worldwide. For more information, visit State Street's web site at

    About Resolve Technology

    Resolve Technology is the leading provider of intelligent solutions for
the commercial real estate market. Built by a team of professionals from
across the real estate spectrum, Resolve Technology's software suite empowers
investors to make exceptional decisions by offering on demand access to
information and the tools necessary to forecast investment decision results
before execution. The result, vastly improved productivity, increased revenue,
and the confidence that with superior knowledge comes a better understanding
of the long-term impact of today's decisions. Currently deployed by many of
the nation's leading real estate investment firms representing over $300
billion in assets under management, Resolve Technology's clients include top
Fortune 500 clients. For more information, visit

For further information:

For further information: State Street Corporation Carolyn Cichon, + 1

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