LSE Caplease,

The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the New York Supreme Court for New York County, on behalf of all common stockholders of CapLease, Inc. ("CapLease" or the "Company") (NYSE:LSE).

According to the complaint, under the terms of the proposed transaction, American Realty Capital Properties, Inc. would acquire the outstanding shares of CapLease for a value of $8.50 per share in cash. The claims concern, among other things, whether the proposed consideration to be paid to CapLease shareholders is unfair, inadequate, and substantially below the fair or inherent value of CapLease.

If you currently own common stock of CapLease and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Brower Piven is the only firm headquartered in Maryland with a practice dedicated primarily to shareholder class action litigation. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

CONTACT: Brower Piven, A Professional Corporation
         Stevenson, Maryland
         Charles J. Piven, (410) 415-6616
         hoffman@browerpiven.com