GID Investment Advisers LLC Acquires Greylyn Business Park in Charlotte, NC

Boston - (March 04, 2008) - GID Investment Advisers LLC (“GID”) announced today that it has acquired Greylyn Business Park on behalf of an affiliate, Windsor Realty Fund-VII LLC (“WRF-VII”). The property is a nineteen building, 648,156sf flex/industrial and warehouse project located in the East submarket of Charlotte, NC.

Greylyn Business Park was developed between 1965 and 1999 and is currently 74% occupied. The property is situated on 54.0 contiguous acres with a third-mile of frontage on Monroe Road. The project enjoys good access to Route 74 and Interstate 485. Located less than one mile to the east is numerous restaurants, hotels, banking and other retail establishments totaling 1 million square feet of retail space. According to the Case-Shiller Home Price Index, Charlotte is the top metro for home price appreciation. Strong employment and population growth point to a positive outlook for the metro area. The project’s lead tenants include AECOM Technology Corp, a global provider of professional, technical, and management support, and Masco Contractor Services, a national single-source provider of construction products and services.

Gary Kroll, Vice President of Real Estate Acquisitions for GID commented, “Greylyn is an excellent entry acquisition for GID’s Charlotte industrial portfolio. This asset squarely meets the target acquisition criteria for WRF-VII with its access to highway infrastructure, retail amenities, and labor pool. The property’s size and location will allow management to have a sizeable presence in the East submarket. Charlotte’s demographic and employment growth keep it on our target market list and we look forward to further opportunities in this market.”

Keystone Partners of Charlotte 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 1960www.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.