FOR IMMEDIATE RELEASE

HARBOR GROUP INTERNATIONAL SELLS
APARTMENT COMMUNITY IN TOLEDO

TOLEDO, Ohio - Harbor Group International, L.L.C. (HGI), based in Norfolk, Virginia has sold the 296-unit Perrys Crossing apartment community in Toledo to DRG Perry’s Crossing, LLC and DRG Perry’s Crossing RI, LLC for $21 million.

HGI purchased the property in May of 2002 as part of a 992 unit portfolio. HGI spent more than $1 million to upgrade the property.

 “We are pleased with the success of the property and the timing of our exit strategy,” said Richard Litton, President of Harbor Group International.  “The property met all of our investment objectives.”

The garden-style apartment complex is located on 20.49 acres of land. It contains a clubhouse and 10 two-story buildings with an average square footage of 870 per unit. Amenities include full-sized washers and dryers, wood-burning fireplaces, extra storage areas, available unattached garages, swimming pool, fully functional cardio and weight fitness center, whirlpool, and tennis court.

Harbor Group International, L.L.C. holds an investment portfolio in excess of $2 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.