NEW YORK--(MARKET WIRE)--September 10^th, 2009--NDC Capital Partners LLC ("NDC") today announced a co-investment with Capital Assets, Inc. for the acquisition of Deer Creek Apartments, a 104-unit class B apartment complex located in Oklahoma City, OK.  This joint venture marks the fifth partnership between NDC and Capital Assets.

About Capital Assets, Inc.

Capital Assets, founded in 1979, specialize in the renovation and management of multifamily properties in Oklahoma.  Capital Assets seek value-added purchases where they can use their expertise in property management and renovations with a focus on increasing current cash flow and long term value.  Presently, the company manages approximately 5,200 units in Tulsa and Oklahoma City.

About NDC Capital Partners

NDC is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. NDC pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, development, and repositioning. The foundation of NDC’s investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy.