GID Investment Advisers LLC Acquires Flex/Industrial Portfolio in Charlotte, NC

Boston - (May 14, 2008) - GID Investment Advisers LLC (a division of The General Investment & Development Companies) announced today that it has acquired the South Point Portfolio on behalf of an affiliate, Windsor Realty Fund-VII LLC (“WRF-VII”). The portfolio consists of four flex/industrial buildings totaling 170,460 square feet in the South submarket of Charlotte, NC.

Developed between 1985 and 1989, the project has been continuously owned by institutions and represents the only multi-tenant buildings in the master-planned South Point Business Park. Within 5 miles are two malls with 1.7 million square feet of retail, as well as numerous retail amenities built over the past two years. 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 projects lead tenants are the American Red Cross as well as Scentair Technologies, a creator of scent solutions for brands and retailers.

Gary Kroll, Vice President of Real Estate Acquisitions for GID commented,"Our purchase in Southpoint Business Park is GID's second Charlotte flex/industrial purchase in as many months. This purchase, along with our purchase of Greylyn Business Park, will allow GID to have a sizeable presence in the Charlotte market. This asset squarely meets the target acquisition criteria for WRF-VII with its access to highway infrastructure, retail amenities, and labor pool. Charlotte's demographic and employment growth keep it on our target market list and we look forward to further opportunities in this market."

The South Point Portfolio is GID’s second acquisition in Charlotte. GID also acquired the 648,156 square foot Greylyn Business Park in March 2008.

For more information on GID’s flex/industrial program, please contact Gary Kroll at (617) 854-6635 or visit our website at www.windsorbusinessparks.com.