SOURCE: NDC Capital Partners

April 17, 2008 10:22 ET

NDC Capital Partners Announces a Real Estate Co-Investment With the Joint Venture of Royalton Real Estate Capital, LLC and Garrett Moore Company

NEW YORK, NY--(Marketwire - April 17, 2008) - NDC Capital Partners LLC ("NDC") today announced a co-investment with Royalton Real Estate Capital, LLC and Garrett Moore Company for the development of a retail shopping center containing 128,800 square feet in addition to four pad sites, totaling 140,000 square feet. The property, known as Riverwalk Plaza, is located in Moore, Oklahoma, a suburb of Oklahoma City. It is located about eight miles south of the Central Business District and eight miles north of Norman, Oklahoma, home of the University of Oklahoma. The site is immediately south of the Riverwalk South Retail Development, adjacent to Gordman's and Kohl's. Other local developments located in Riverwalk include a LaQuinta Hotel, IHOP, Earl's BBQ, Buffalo Wild Wings, Office Depot and numerous other retail stores. One-half mile north at the intersection of SW 19th Street and Telephone Road is a Super Wal-Mart, Home Depot, Lowe's, Chili's and Starbucks. The twenty screen Warren Theatre movie complex is under construction near the intersection. On the east side of Interstate 35, existing and proposed tenants include JC Penney, Ross and PetSmart. Moore is experiencing a significant increase in retail traffic and is drawing numerous shoppers from outside of its city limits. The fast growing area west of the city has good demographics, and these residents are doing a considerable amount of shopping in Moore.

About Royalton Real Estate Capital, LLC

Royalton Real Estate Capital, LLC is a Dallas-based real estate private equity firm. Royalton is an opportunistic investor in commercial real estate across all property types, typically through joint ventures with reputable developers and operators. The firm invests mainly in Texas and the southern United States. Led by Terry Gwin, an industry veteran with more than thirty years of experience, each member of the Royalton investment team brings a unique real estate background that provides the firm with broad expertise. From leasing and investment sales to financing and asset management, Royalton plays an active role in managing its portfolio, which translates into a competitive advantage for the firm and its investors.

About Garrett Moore Company

Garrett Moore Company, based in Dallas, is a real estate development, architectural and construction firm with a track record that extends back over 30 years. The principal developer, Terry Moore, is a thirty-year veteran of the retail development business and has concentrated in three states; Oklahoma, Texas, and New Mexico. Terry also operates the following companies under the Garret Moore umbrella: Austin Kay Companies; TMGA Architects; and Mer Gar Real Estate Development. Austin Kay Companies is a commercial and residential construction company formed in 1985. TMGA Architects is an architecture, interior design, and master planning firm founded in 1977. Their portfolio consists of 25 years of projects. Mer Gar Real Estate Development is a full service development company founded in 1970.

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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