CapLease To Host Third 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, November 4, 2009, at 10:00 a.m. Eastern time to discuss its financial results for the third 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 third quarter of 2009 will be issued before the market opens on Wednesday, November 4, 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 (877) 407-0789 or for international participants (201) 689-8562. A replay of the conference call will be available after 1:00 P.M. Eastern time on Wednesday, November 4, 2009 until midnight Eastern time, Wednesday, November 18, 2009, and can be accessed by dialing (877) 660-6853 or for international participants (201) 612-7415. To access the telephonic replay, please enter account number 3055 along with the conference ID 334639.

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.