GID Investment Advisers LLC Acquires Interstate South Commerce Center in Jacksonville, FL

Boston - (November 28, 2007) - GID Investment Advisers LLC (“GID”) announced today that it has acquired Interstate South Commerce Center on behalf of an affiliate, Windsor Realty Fund-VII LLC (“WRF-VII”). The property is a six building, 260,072sf flex/industrial project located in the Butler Corridor submarket of Jacksonville, FL.

Interstate South Commerce Center was developed between 1986 and 1989 and is currently 85% occupied. The property is situated on 25.0 acres with a half-mile of frontage on US-1 (Philips Highway). The project enjoys good access to the intersection of Interstate 95 and Interstate 295. Located just one mile to the south is a significant retail base anchored by the Simon owned, 1.1 million square-foot Avenues Mall, along with numerous restaurants, hotels, banking and other retail establishments. There are numerous master planned communities planned to the south of the property as well as excellent access to executive housing in the Mandarin area and Ponte Vedre Beach. The project’s lead tenants include DR Horton, one of the nation’s largest homebuilders, and Laufen International, an international floor, wall, and ceramic tile manufacturer.

Gary Kroll, Vice President of Real Estate Acquisitions for GID commented, “Interstate South Commerce Center is an excellent addition to GID’s Jacksonville industrial portfolio. This asset squarely meets the target acquisition criteria for WRF-VII with its outstanding access to highway infrastructure, retail amenities, and executive housing. The property’s half-mile of frontage along US-1 is a competitive advantage that is difficult to replicate in the submarket. Jacksonville’s demographic and employment growth keep it at the top of our target market list and we look forward to further opportunities in this market.”

CB Richard Ellis-Jacksonville was hired as leasing and management agent for this project.

WRF-VII is an equity co-investment joint venture between GID and several institutional investors. The relationship covers the entire United States. GID has full discretion over all acquisition and disposition decisions.

For further information, contact Gary Kroll at 617-854-6635 or gkroll@generalinvestment.com.

About GID: The General Investment & Development Companies (GID) www.generalinvestment.com, founded in 1960, are privately-held, diversified companies with substantial interests in both residential apartment and other commercial real estate throughout the United States. GID is headquartered in Boston, Massachusetts, and its various affiliates operate nationwide. Over its history, GID has developed and acquired apartment, condominium, office, research & development and industrial properties. Today, GID and its affiliates' portfolios are invested in 17 states including over 11,000 apartment homes in 37 properties, 670,000 square feet of suburban office space in seven office buildings and 3.0+ million square feet of flex industrial space in ten business parks. Over the years, GID has developed and/or acquired over 36,000 apartment homes.