FOR IMMEDIATE RELEASE

December 20, 2007

Harbor Group International Acquires Mezzanine Note Secured By Manhattan Apartment Communities

NORFOLK, VA, December 20, 2007, Harbor Group International, LLC (“Harbor Group” or the “Company”) announced today that an affiliate of the Company has acquired from Credit Suisse / Column Financial a $3.2 million mezzanine note secured by four mid-rise apartment communities in New York City.

“Harbor Group is committed to acquiring high quality real estate as well as placing strategic alternative investments where opportunities exist,” said T. Richard Litton, Jr., President of the Company. “We believe that an investment such as this mezzanine note, which provides an attractive yield and is secured by high quality, multifamily real estate in Manhattan, fits our continued strategy of providing our investors with diverse, but complementary investment options.” The underlying security on the note is 214 apartment units located in New York City which are currently 98% occupied.

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 6.5 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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