GID Investment Advisers LLC Acquires Comanche Business Center in Albuquerque, New Mexico

Boston - (June 01, 2007) - GID Investment Advisers LLC (“GID”) announced today that it has acquired Comanche Business Center on behalf of an affiliate, Windsor Realty Fund-VII LLC (“WRF-VII”). The property is an eight building, 131,764 sf flex/industrial project located in the North I-25 submarket of Albuquerque, NM.

Comanche Business Center was developed in phases beginning in 2000, is situated on 8.4 acres and was 95% occupied at the time of sale. The property is located along Comanche Road and enjoys easy access to Interstates 25 and 40. The project has excellent access to retail and commercial amenities, as well as executive housing. The project’s lead tenants include EG&G, a division of URS Corporation and a leading provider of management and technical services to the U.S. government, and Cricket Communications, a division of Leap Wireless.

Rich Ross, Vice President and Director of Western Region Acquisitions for GID commented, “We are delighted about our flex/industrial entry into the Albuquerque market. This high quality asset meets the target acquisition criteria for WRF-VII with its outstanding access to highway infrastructure, retail amenities, and executive housing. Albuquerque’s solid fundamentals make it an attractive market and we look forward to further opportunities.”

Real Estate Advisors of Albuquerque brokered the transaction with assistance from Art Paterson a local broker, and Asset Management Solutions of Albuquerque has been hired as the management agent. David Genrich of Real Estate Advisors will continue to direct leasing at the property.

WRF-VII is an equity co-investment joint venture between GID and three large U.S. pension plans. The relationship covers the entire United States. GID has full discretion over all acquisition and disposition decisions.

The General Investment & Development Companies (GID), 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 35 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.

For further information please contact Rich Ross in San Francisco at 415-464-1352 or Bob Fessler in Boston at 617-854-6664.