Mercury Real Estate Advisors LLC Announces Preliminary Results of Tender Offer for Shares of Class A Common Stock of Capital Pro

Mercury Real Estate Advisors LLC Announces Preliminary Results of
Tender Offer for Shares of Class A Common Stock of Capital Properties, Inc.



GREENWICH, Conn., June 14  /PRNewswire-FirstCall/ -- Mercury Real Estate
Advisors LLC, together with Mercury Special Situations Fund LP, Mercury Special
Situations Offshore Fund, Ltd., David R. Jarvis and Malcolm F. MacLean IV
(collectively, "Mercury"), today announced the preliminary results of its
tender offer to purchase up to 285,000 shares of Class A Common Stock, par
value $0.01 per share, of Capital Properties, Inc. (AMEX:CPI), which expired as
scheduled at 12:00 midnight, Eastern Standard Time, on Monday, June 13, 2005.

According to preliminary reports from The Bank of New York, the depositary for
the tender offer, shareholders of the Class A Common Stock of Capital
Properties, Inc. have tendered approximately 9,675 shares (including
approximately 900 shares tendered by notice of guaranteed delivery), of the
currently outstanding 3,299,956 shares of Class A Common Stock.

Any questions concerning the tender offer may be directed to D.F. King & Co.,
Inc., the information agent for the tender offer, at [phone]. 

DATASOURCE: Mercury Real Estate Advisors LLC



CONTACT:  Malcolm F. MacLean IV of Mercury Real Estate Advisors LLC,

[phone]; D.F. King & Co., Inc., 1-800-769-4414



Web site:  http://www.mercuryrealestate.com/ 

Copyright