Exhibit (a)(48)


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


BOULDER, CO., April 25, 2006 - 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,  August 15, 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 six poison  pills,  the most recent of
which was  adopted on April 12,  2006 and is  scheduled  to expire on August 10,
2006.  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.  NRL and the Trust
have each filed  motions for summary  judgment with the trial court with respect
to the  matters on which the trial  court did not rule in its  October  22, 2004
order,  and those  motions are scheduled for oral argument in court on April 28,
2006.  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.

Contact:
Stephen C. Miller
(303) 442-2156