SOURCE: NDC Capital Partners

June 12, 2007 17:02 ET

NDC Capital Partners Announces a Real Estate Co-Investment With The PRES Companies

NEW YORK, NY--(Marketwire - June 12, 2007) - NDC Capital Partners LLC ("NDC") today announced a co-investment with The PRES Companies ("PRES") for the acquisition of a six-story office building containing 73,000 square feet. The property, known as Media Center, is located in North Hollywood, CA. Universal City, located just to the south of the subject, along Lankershim Boulevard, is the home of Universal Studios and NBC/Universal. Burbank, located one mile to the east along the Ventura Freeway, features the office complexes of Disney, ABC, Warner Brothers Studios, and NBC Studios. With high barriers to entry, Media Center is located in one of the most highly occupied office markets in Los Angeles County. Land costs are among the highest in the country. Currently, the property is leased to seventeen tenants featuring a diversified mix of entertainment, government, legal, real estate/finance and philanthropic foundations.

About The PRES Companies

The PRES Companies, Inc. (PRES) is a privately owned, full service real estate company headquartered in Newport Beach, CA. The principals of PRES and its affiliates are seasoned real estate professionals experienced in the acquisition, financing, renovation, and management of commercial properties. Additionally, PRES represents major clients on both a project and on-going basis. A number of Fortune 500 companies have used PRES' services on build-to-suit and tenant representation assignments.

PRES, through its alliance with its affiliates, invests in commercial real estate for its own account and on the behalf of a select group of institutional and private partners. PRES focuses on custom-designed transactions that meet the particular requirements of corporate and individual sellers.

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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