SOURCE: NDC Capital Partners

January 17, 2007 11:05 ET

NDC Capital Partners Announces a Real Estate Co-Investment With Juniper Investment Group

NEW YORK, NY -- (MARKET WIRE) -- January 17, 2007 -- NDC Capital Partners LLC ("NDC") today announced a co-investment with Juniper Investment Group, Inc. for the acquisition of two apartment complexes; Antioch Woods, a 90 unit complex located in Overland Park, KS, and Sedona Point, a 352 unit complex located in Shawnee, KS. The properties are financed with a tax-exempt bond facility. Both properties are located in Johnson County within the Kansas City metropolitan area. Johnson County is the most affluent area of greater Kansas City and ranked #1 in residential growth within the metro adding, on average, 10,000 new residents each year for the last 10 years. The ownership will implement a capital improvement program designed to enhance the long-term value.

About Juniper Investment Group

Juniper Investment Group, founded in April 2000, purchases class B and C multi-family properties in southeast and southwest Unites States that present a value-added investment opportunity. Juniper has closed multi-family acquisitions totaling in excess of 7,000 units in eight states and $250 million in total cost. Juniper relies on their excellent transaction origination network, disciplined and consistent underwriting process, sophisticated structured finance and capital markets skills, and an excellent long-term relationship with an outstanding property management firm to achieve above-market standard investment returns. Juniper's multi-family assets are managed by First Choice Management Group, Inc. headquartered in San Antonio, Texas.

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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