FOR IMMEDIATE RELEASE

Semtember, 24 2007

Harbor Group International Acquires Apartment Community In
Atlanta, Georgia

An affiliate of Harbor Group International, LLC (HGI), based in Norfolk, Virginia, has acquired the 228-unit 550 Abernathy Apartments in Atlanta, from an affiliate of INVESCO at a purchase price of $24,350,000.

Kevin Geiger of CB Richard Ellis brokered the transaction.

HGI plans to invest just under $1 million into the property for interior and exterior upgrades.

“The Atlanta apartment market continues to improve,” said T. Richard Litton, Jr., President of HGI. “We’ve had great success at our other Atlanta properties, which total 1,884 units.”

550 Abernathy Apartments is an apartment community built in 1971. The previous owner made various capital improvements. Renovations included roof replacements and modernization of all HVAC equipment, and upgrades of unit interiors. The Property features numerous two and three bedroom floor plans, with an average unit size of 1,360 square feet. Property amenities include a clubhouse, swimming pool with sundeck, business center, fitness center and playground. The Property is currently approximately 96% occupied.

Harbor Group International, LLC holds an investment portfolio in excess of $2 billion, including over 6.5 million square feet of office space throughout the United States and the United Kingdom, and more than 12,000 apartment units in the U.S.  The Company maintains offices in Norfolk, New York, Chicago, London, and Tel Aviv.  For more information, visit www.harborgroupint.com.