STT State Street Corporation

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 portfolios. 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� 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 investors.� 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 www.statestreet.com. 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 www.resolvetech.com.