Exhibit (a)(40)


              HOREJSI TRUST EXTENDS ITS TENDER OFFER FOR SHARES OF
                 NEUBERGER BERMAN REAL ESTATE INCOME FUND INC.


BOULDER,  CO.,  September  13, 2005 - The Lola Brown Trust No. 1B (the  "Horejsi
Trust") announced today that it is extending its tender offer to purchase shares
of common stock of Neuberger Berman Real Estate Income Fund Inc. (NYSE:  NRL) to
5:00 p.m. New York City time on Tuesday,  January 3, 2006,  to allow  additional
time for the Trust to obtain a court ruling  invalidating the Fund's stockholder
rights agreements, or "poison pills."

The Fund's board has adopted a series of four poison  pills,  the most recent of
which was adopted on  September  1, 2005 and is  scheduled to expire on December
30, 2005.  The validity of the Fund's  serial poison pills is one of a number of
issues  involved in the litigation  against the Trust commenced in federal court
by the Fund's board as part of the board's efforts to stop the offer. On October
22, 2004,  the  district  court issued a ruling which upheld the validity of the
Fund's first  poison pill but did not rule on the other  issues  involved in the
litigation. The fourth circuit court of appeals has declined to hear the Trust's
appeal of the October 22, 2004 ruling by the  district  court until the district
court has ruled on all matters  involved in the  litigation.  The Trust does not
expect to  consummate  its offer unless it is successful in obtaining a judgment
invalidating the Fund's serial poison pills and finding that Maryland's  control
share statute does not apply to the Trust and its offer.

The Lola Brown Trust No. 1B is amending the tender offer  statement on file with
the Securities and Exchange Commission to reflect the extension of the offer and
other relevant information.

Each security  holder of Neuberger  Berman Real Estate  Income Fund Inc.  should
read  the  tender  offer  statement  filed  with  the  Securities  and  Exchange
Commission  by the Lola Brown Trust No. 1B and other  relevant  documents  filed
with the  Securities  and Exchange  Commission  because  they contain  important
information  about the tender offer.  Security  holders of Neuberger Berman Real
Estate  Income  Fund Inc.  can  obtain  the  tender  offer  statement  and other
documents that are filed with the Securities and Exchange Commission for free on
the Securities and Exchange Commission's web site at http://www.sec.gov.