SOURCE: NDC Capital Partners

February 01, 2007 11:12 ET

NDC Capital Partners Announces a Real Estate Co-Investment With Capital Assets

NEW YORK, NY -- (MARKET WIRE) -- February 1, 2007 -- NDC Capital Partners LLC ("NDC") today announced a co-investment with Capital Assets, Inc. ("Capital Assets") for the acquisition of Lincoln Glens, a 224 unit apartment complex located in Tulsa, Oklahoma. The Tulsa multi-family market has demonstrated long-term stability with only a small amount of new construction in the past five years. The property is located in the South Tulsa submarket which has fundamentally improved and significantly strengthened over the last 18 months. Broken Arrow, the fastest growing city in the state, is contiguous on the eastern edge of the South Tulsa submarket area, providing a dynamic overflow of job opportunities along with retail amenities, restaurants, and services in the area. The ownership will implement a capital improvement program designed to enhance the long-term value.

About Capital Assets

Capital Assets, Inc. is a property management and development company which was founded in 1979 by Royce Wright. Capital Assets currently manages 4,337 units in the Tulsa area. The company philosophy has been to work with a select group of individual partners and investors, on specific property investments, so as to maintain focus on detail and profitability. Our goals are to maximize profitability, to seize the opportunity to sell the properties when the market has reached its peak and reinvest this money into other properties.

About NDC Capital Partners

NDC is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. NDC pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, development, and repositioning. The foundation of NDC's investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy.

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