FOR IMMEDIATE RELEASE

June 19, 2007

HARBOR GROUP INTERNATIONAL ACQUIRES OFFICE TOWER IN JACKSONVILLE

An affiliate of Harbor Group International, L.L.C. (HGI), based in Norfolk, Virginia, has acquired the BB&T Tower, an 18-story office tower in downtown Jacksonville, Florida, from an affiliate of Acropolis Capital for $30.05 million.

BB&T Tower, located at 200 West Forsyth Street in the center of the downtown Northbank market, is HGI’s second acquisition in downtown Jacksonville. In January of 2004, HGI acquired the nearby One Enterprise Center, a 22-story, 348,852 square foot Class A office tower.

“Bank-anchored office towers in secondary markets have always been key acquisitions for HGI,” said T. Richard Litton, Jr., President of HGI. “We believe our experience with this type of asset and in the Jacksonville market will help us succeed with this new acquisition.”

The BB&T Tower is an 18 story, 252,983 square foot office tower combined with an additional 32,637 square feet of retail space located in the ground floor of the adjacent garage. The Property includes a 656-space parking garage plus an additional parcel that could be developed for office or other uses.

Harbor Group International, L.L.C. holds an investment portfolio in excess of $2.0 billion, including over 6.5 million square feet of office space throughout the United States, Canada 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.