July 11, 2005
NDC Capital Partners Announces a Real Estate Co-Investment with the Henry S. Miller Companies

NEW YORK--(BUSINESS WIRE)—July 11, 2005--NDC Capital Partners LLC (“NDC”) today announced a co-investment with Henry S. Miller Investment Co. and HSM Equity Partners Inc., for the acquisition of a Class A, 261,925 square foot retail shopping center. The property, known as Williams Trace Shopping Center, is located in Sugar Land, TX.

About the Henry S. Miller Companies
 
Henry S. Miller Investment Co. and HSM Equity Partners, Inc. are subsidiaries of Henry S. Miller Companies, a 90-year old, diversified real estate company that has investment, development and real estate service capabilities and experience. Its real estate services subsidiary is one of the largest independent commercial real estate companies, with commercial brokerage, property management, mortgage brokerage, construction management, appraisal and consulting divisions.
 
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.
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