Hogan Companies Has $80 Million First Quarter
Revenues Up 175% 

Lawrence J. Hogan, Jr., President and CEO of the Hogan Companies located in Annapolis, Maryland, today announced that company revenues for the first quarter of 2008 were up 175% over the previous year. The company completed over $80 million in transactions for the period. The Company had over $38 million in settled transactions in the first three months of the year and over $43 million in newly ratified contracts. The increase in revenues followed last year’s 50% increase for the year in 2007.

The Hogan Companies’ Land and Commercial Division had its best first quarter ever, while the Residential Division posted the highest income of any 90 day period in the company’s history.

In the current real estate climate, while many firms are facing difficulties, the Hogan Companies are experiencing record breaking growth. “We adjusted to the challenges of the current real estate market and focused on clients who really needed our help in the disposition of assets, and on those investors looking to take advantage of these great opportunities,” said Hogan, who served as a cabinet member in the administration of former Maryland Governor Robert L. Ehrlich, Jr.

The Hogan Companies recently added a Finance and Investment Division headed by former Maryland Legislator Richard LaVay which will focus on assisting development clients in formulating and implementing requisite fiscal strategies necessary for long term success. The company, one of the most respected commercial brokerage and land acquisition firms in the Baltimore-Washington region has been responsible for well over $1 billion in real estate transactions.

CONTACT:
Judi Wobensmith
Hogan Companies
2661 Riva Road
Annapolis, MD 21401
410.266.5100
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"The Hogan Companies are a diversified group of companies that all provide remarkable service to their real estate clients."

Marc Rose
President, Michael T. Rose Companies