FOR IMMEDIATE RELEASE

February 12, 2008

Harbor Group International Sells Apartment Community
In Nashville, Tennessee

NASHVILLE, Tennessee – An affiliate of Harbor Group International, LLC (Harbor Group), based in Norfolk, Virginia has sold the 598-unit The Lexington apartment community in Nashville to an affiliate of New Dawn Acquisition, LLC for $52.5 million.

“The Lexington was a perfect representative of Harbor Group’s Class A portfolio,” said T. Richard Litton, Jr., President of Harbor Group. “We are pleased with the property’s performance and we look forward to owning and managing others like it in our core markets.”

Harbor Group purchased the property in August of 2005.

The Lexington is a 598-unit apartment community built in 1996 and 1997. The property features multiple one, two and three bedroom floor plans with an average size of 1,000 square feet.  Property amenities include a clubhouse, three swimming pools with sundecks, an indoor pool, two 24-hour fitness facilities, lighted tennis courts, a sand volleyball court, a business center, an entertainment center, a car care facility and two 24-hour laundry facilities. Dwelling units feature washer and dryer connections, ceiling fans, gas fireplaces, nine foot ceilings and a deck or patio.
Select units also include vaulted ceilings, intrusion alarms and garages.

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.