FOR IMMEDIATE RELEASE

Harbor Group International Makes Preferred Equity Investment With American Realty Capital To Complete Acquisition Of Bank Branch Portfolio

NORFOLK, VA, December 21, 2007, Harbor Group International, LLC (“Harbor Group” or the “Company”) announced today that an affiliate of the Company has made a $4.0 million preferred equity investment with American Realty Capital in its acquisition of 15 regional bank branch buildings.

“Harbor Group is focused on finding alternative investments with strong risk-adjusted returns for its investment partners,” said T. Richard Litton, Jr., President of the Company. “We believe that a preferred equity investment such as this with American Realty Capital provides our investors with a very attractive yield supported by high quality assets and credit tenancy.”

The portfolio is comprised of 176,000 square feet over 15 branch buildings which are 100% occupied by Harleysville National Bank. The branches are all located within eastern Pennsylvania.

Harbor Group International, LLC is a private real estate investment and management firm which controls a portfolio of worldwide assets valued in excess of $2 billion. The Company’s real estate holdings include over 7.0 million square feet of office space and more than 14,000 apartment units.  Harbor Group is headquartered in Norfolk, VA with offices in New York, Chicago, London and Tel Aviv. For additional information, please visit www.harborgroupint.com.

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