CapLease to Host Second Quarter Earnings Conference Call and Webcast

CapLease, Inc. (NYSE:LSE), a real estate investment trust (REIT) focused on single-tenant commercial real estate investments, today announced that it will host a conference call and webcast on Wednesday, August 5, 2009, at 10:00 a.m. Eastern time to discuss its financial results for the second quarter of 2009. Hosting the call will be Mr. Paul H. McDowell, Chairman and Chief Executive Officer, and Mr. Shawn P. Seale, Senior Vice President and Chief Financial Officer. A press release with financial results for the second quarter of 2009 will be issued before the market opens on Wednesday, August 5, 2009.

The conference call will be webcast live over the Internet from the Company’s Web site at www.caplease.com under the Investor section.

The conference call can also be accessed by dialing 888-765-5547 or for international participants 913-312-1496. A replay of the conference call will be available after 1:00 p.m. Eastern time on Wednesday, August 5, 2009, until midnight Eastern time, Wednesday, August 19, 2009, and can be accessed by dialing 888-203-1112 or for international participants 719-457-0820 and entering the passcode 9028481.

About CapLease, Inc.

CapLease, Inc., is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants.