FOR IMMEDIATE RELEASE

May 2, 2007

HARBOR GROUP INTERNATIONAL SELLS TWO APARTMENT COMMUNITIES IN FORT WAYNE

An affiliate of Harbor Group International, L.L.C. (HGI), based in Norfolk, Virginia, has sold the 448-unit Willows of Coventry apartment community and the 248-unit Pointe Inverness apartment community in Fort Wayne, Indiana, to Dial Equities out of Omaha, Nebraska for $35 million.

The properties were purchased as part of a portfolio by HGI in May of 2002 for $31.372 million. HGI spent more than $3 million upgrading the properties, including the addition of a fitness center and carports.

Pointe Inverness and Willows of Coventry, both built in 1987, are garden-style apartment communities located on 29.58 and 44.43 acres of land respectively.  Pointe Inverness contains 18 two-story buildings and one clubhouse, and Willows of Coventry contains 28 two-story buildings and one clubhouse. Amenities for both include full-sized washers and dryers, wood-burning fireplaces, extra storage areas, swimming pool, whirlpool, and clubhouse.

“These properties were a perfect fit for our investment criteria,” said Richard Litton, President of Harbor Group International. “We were able to successfully achieve our investment objectives for each property.”

Harbor Group International, L.L.C. holds an investment portfolio in excess of $1.8 billion, including over 6 million square feet of office space throughout the United States 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.