May 4, 2006
NDC Capital Partners Announces a Real Estate Co-Investment with Wilcox Development Services

NEW YORK--(MARKET WIRE)—May 4, 2006--NDC Capital Partners LLC (“NDC”) today announced a co-investment with Wilcox Development Services (“Wilcox”) for the development of a 63,903 square foot, two-story office building. The development is located in Flower Mound, TX, within the 361 acre Silveron Business Park. Flower Mound is located north of the Dallas/Ft. Worth Airport. In a recent ranking by Money Magazine of the best places to live, Flower Mound ranked number one in Texas and was the second best place to live in the entire Western United States.

About Wilcox Development Services

Wilcox Development Services is a commercial real estate development company headquartered inDallas, Texas. Since 1996, Wilcox has developed over 5 million square feet of projects in Texas andNorthern California. The developments include office, retail and industrial and have ranged from speculative to build to suit corporate headquarters. Wilcox combines intimate market knowledge from its affiliated company, GVA Cawley, with proactive construction management to produce award winning developments, on time and on budget.

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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