Southern California Based Restauranteur Selects Harbert Realty Services for Portfolio Management

Harbert Realty Services announced today that it has been engaged by Frandeli Group, LLC to provide Lease Administration services. Irvine, CA based Frandeli Group, LLC operates multiple restaurant brands across the country to include Papa Johns Pizza and Spaghetti Warehouse. Harbert's services will include lease management, lease auditing and management of financial aspects of the real estate portfolio. Additionally, Harbert will manage various time sensitive documents and information relative to store operations such as equipment records, licenses, permitting and vendor relations.

Harbert helps its Lease Administration clients by handling all of the details relative to a large real estate portfolio allowing its clients to focus on their core business. The Harbert team handles landlord discrepancies, renewals, management and reporting of critical dates and data and provides clients with a single point of contact for the lease/property administration needs.

Michael Kim, VP of Development for Frandeli Group, LLC said, "We are excited about the efficiencies that Harbert Realty Services will bring to our real estate portfolio. Harbert clearly has the expertise and experience needed to manage the real estate portfolio of a growth oriented company such as ours."

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Frandeli Group, LLC

Frandeli Group. LLC (Frandeli) is a franchise/chain restaurant investment and development company. Frandeli acquires minority or majority interest in multi-unit restaurant brands (chain, franchiser, or franchisee companies) and engage in development of emerging brands. Frandeli differentiates itself from other investment firms in that they play an active operator role and specialize only in the restaurant industry. Frandeli is led by an experienced management team with extensive operations and development expertise in multi-unit restaurant development of various top national retail/restaurant brands in the US and a venture capital firm affiliated with a $60 Billion multinational company that serves as a financing arm for Frandeli. For more information, visit www.frandeli.net.