SOURCE: NDC Capital Partners

February 16, 2006 11:01 ET

NDC Capital Partners Announces a Real Estate Co-Investment With Eagle Equity

NEW YORK, NY -- (MARKET WIRE) -- February 16, 2006 -- NDC Capital Partners LLC ("NDC") today announced a co-investment with Eagle Equity, Inc. for the acquisition of a 193,000 square foot shopping center. The property, known as North Hills Centre, is located in Ada, OK which is approximately 82 miles southeast of Oklahoma City and 138 miles north of Dallas. The population of Ada is 16,000 with a retail trade area of approximately 100,000 people. Sixty-five percent of the center's occupancy is comprised of regional or national credits, including Chili's, Dunlap's, Goody's Family Clothing, Hastings Entertainment, Cinemark, Dollar Tree, Hibbett Sporting Goods, Maurice's, The Cato Corp., Bath & Body Works, and GNC.

About Eagle Equity Inc.

Eagle Equity, Inc. was formed in 1991 for the acquisition, development and management of income producing real estate, primarily retail and office flex properties. Until recently, Eagle's activities were focused exclusively on their own investments, which include properties totaling 1.6 million square feet of commercial space. Diversity in geographical locations, diversity in property type and diversity in investment approach have been the hallmarks of Eagle's success. Investments have been made in Texas, California, Alabama and Hawaii. Eagle recently formed Eagle Equity Capital, LLC for the purpose of responding to the market's demand for qualified real estate operators who will co-invest and is targeting assets with the potential for long term value and consistent cash flow.

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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