Former Freddie Mac National Director Partners with Billion Dollar Investment Fund to Launch Neighborhood Revitalization Consulting Firm APD Solutions

APD Solutions offers strategies to Public and Private Institutions on TARP related issues, Expands RTC recovery services developed by parent company APD, Inc.

ATLANTA (June 15, 2009) - Asset Property Disposition, Inc. (APD) and Waterfall Asset Management (WAM) announced today the launch of APD Solutions, LLC (APDS). Nationally recognized community development leader and former Freddie Mac National Director of Expanding Markets, Vaughn D. Irons, will serve as the firm’s Chief Executive Officer. Waterfall’s billion dollar investment portfolio and extensive experience in affordable housing finance will provide capital market support for socially responsible investing and other resources needed to help penetrate key markets and grow the firm’s client base. APD will provide neighborhood planning and strategic guidance as the two firms collaborate on offerings.

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