This is a newly created position for the Company.F" and "GRT.
The Fund was over-subscribed and includes blue-chip investors from the US,
Europe, Middle East and Australia , many of whom have invested with Apollo's
previous funds.

environment geographical

LONDON, Apollo Real Estate Advisors has closed its
second European Fund, the Apollo European Real Estate Fund II, L. The Fund will make investments throughout Europe focusing
on corporate dispositions, under-managed portfolios and large single assets,
with a total value of some $2.S.

media regional

P. Apollo principals are
William Mack, founder and senior partner; Lee Neibart, senior partner; John
Jacobsson and Richard Mack, managing partners , New York; William Benjamin,
managing partner, London; Richard Ackerman, partner, Los Angeles; and Stuart
Koenig, partner and global CFO.

government guides

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Troike has an MBA from
Cornell University with an undergraduate degree from Texas Christian
University. Glimcher Realty Trust is a component of the
Russell 2000 Index, representing small cap stocks, and the Russell 3000 Index,
representing the broader market .

italy transportation

Troike held human resource
positions for several major national corporations.

environment regional

G", respectively. In December 2004, Apollo made its
first acquisition for the new Fund in joint venture with REIT Asset Management
with the purchase of a portfolio of 76 properties from a subsidiary of
Bankgesellschaft Berlin. is now fully subscribed and
closed to further subscriptions.

culture transportation

directories geographical

" Glimcher Realty Trust's Series F and Series G
preferred shares are listed on the New York Stock Exchange under the symbols
"GRT .
William Benjamin, Managing Director of Apollo Real Estate Advisors in
Europe said: "Apollo has been active in Europe since 1995, and in that time we
have been involved in over 70 transactions . Since the firm's founding in 1993, Apollo has overseen
the investment of eight real estate funds totalling more than $4. The firm's Web site is
http://www.com.

entertainment europe

COLUMBUS, Ohio, Glimcher Realty Trust
(NYSE: GRT) has named Roberta Troike Vice President of Human Resources
effective May 9, 2005. Prior to the Limited, Ms. The European Fund II builds on the success of Apollo's
International Fund, which was 95% allocated to Europe and 5% to Japan and is
now fully invested.P.

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Glimcher Names Roberta Troike Vice President of Human Resources

Sites in English relating to Italy.

relating health

"We are pleased that Ms. Glimcher, President and CEO of Glimcher Realty Trust.

media environment

Glimcher Realty Trust 's common shares are listed on the New York stock
exchange under the symbol "GRT.

Apollo Real Estate Advisors Announces Final Closing of the $600 Million Apollo European Real Estate Fund II L.P.

english science

Visit Glimcher at: http://www."
Over the last twelve months Apollo has been involved in a number of major
European deals including the acquisition of a portfolio of 26 shopping centers
anchored by Metro for a total consideration in excess of 700 million euro and
the sale of its holding in Haslemere NV.

environment government

Troike most recently served as Human Resource Director at Bath + Body
Works (a division of Limited Brands) where she provided leadership on all
initiatives relating to talent assessment and development, succession planning
and culture shaping. for a
total of $600 million.

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glimcher.

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" stated Michael P.5 billion. Apollo funds collectively have invested in more than 210 transactions
with an aggregate value of more than $20 billion.

areas europe

com

We
are looking forward to building our business further and performing for our
investors. and internationally . Apollo
specializes in under managed and distressed properties in major urban areas
that are trading at a discount to their intrinsic value, offering
opportunities for the firm to enhance value through its operational and
financial management.

health europe

It is currently planned that the new Fund will invest in the region of 40%
in the United Kingdom, 40% in Continental Europe, including France, Germany ,
Italy and Spain and approximately 20% in Central and Eastern Europe, in
particular Poland, the Czech Republic and Romania.
The Apollo European Real Estate Fund II, L.

weather health

The Fund includes a Euro denominated tranche for non-US
investors. The result of our fund raising
reflects the talent and commitment of both our team and our local partners.5 billion in
equity.P.

maps culture

Troike has joined our management leadership
team.apollorealestate.

regional directories

"

About the Company
Glimcher Realty Trust, a real estate investment trust, is a recognized
leader in the ownership, management , acquisition and development of enclosed
regional and super-regional malls.

entertainment weather

"She is an exceptional executive and business leader, and her years of
professional experience in human resources will be an asset to our
organization as we continue to enhance our management team and maximize the
value of our portfolio.

About Apollo Real Estate Advisors, L.
Apollo Real Estate Advisors is one of the most active and prominent
opportunistic real estate investors in the U.

entertainment relating

regional science

Ms.