NEW YORK--(MARKET WIRE)-December 16, 2009—NDC Capital Partners LLC (“NDC”) today announced a co-investment with Post Investment Group (“Post) for the acquisition of 438 Class A Apartments units.  This Joint venture marks the third partnership between NDC and Post.  Serrano Apartments is located in the city of Houston, TX.  The property is located near the major intersection of Richmond Avenue, Highway 6 and the West Oaks Mall. Significant drive-by traffic along Highway 6 provides the property with its most significant advertising.  Residents have access to two major Houston arteries (Interstate 10 and Highway 6).

About Post Investment Group
Post Investment Group is an opportunistic real estate firm focused on the acquisition and rehab of multifamily assets.  The company specializes in both core-plus and value-add investment opportunities capitalized through private and institutional investors. The Operator’s currently multifamily portfolio in Texas totals 5,504 units of which 1,634 units are located in Dallas.  Past investments have been concentrated in California with more recent investments being made in Texas.  Post Investment Group targets deals ranging between $15 million and $100 million throughout the United States.

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.