SOURCE: NDC Capital Partners

NDC Capital Partners

February 09, 2010 14:28 ET

NDC Capital Partners Announces a Real Estate Co-Investment With Post Investment Group Acquiring a Distressed Mortgage Note

NEW YORK, NY--(Marketwire - February 9, 2010) - NDC Capital Partners LLC ("NDC") today announced a co-investment with Post Investment Group ("Post) for the discounted purchase of a distressed mortgage note secured by a 384 unit, Class B apartment complex located in Dallas, Texas. The property is currently 85% occupied and in good physical condition. This joint venture marks the fourth partnership between NDC and Post.

About Post Investment Group

Post Investment Group is an opportunistic real estate firm focused on the acquisition and rehab of multifamily assets. The company specializes in both core-plus and value-add investment opportunities capitalized through private and institutional investors. The Operator's current multifamily portfolio in Texas totals 5,504 units of which 1,634 units are located in Dallas. Past investments have been concentrated in California with more recent investments being made in Texas. Post Investment Group targets deals ranging between $15 million and $100 million throughout the United States.

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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