SOURCE: NDC Capital Partners

NDC Capital Partners

February 03, 2009 12:44 ET

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

NEW YORK, NY--(Marketwire - February 3, 2009) - NDC Capital Partners LLC ("NDC") today announced a co-investment with Capital Assets, Inc. for the acquisition of The Springs Apartments, a 272-unit class B apartment complex located in Tulsa, OK. This joint venture marks the fourth partnership between NDC and Capital Assets.

About Capital Assets, Inc.

Capital Assets, founded in 1979, specialize in the renovation and management of multifamily properties. Presently, the company manages approximately 4,360 units.

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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