NEW YORK--(MARKET WIRE)—May 15, 2006—Niosi Doshi Cather Capital Partners LLC ("NDC") announces the relocation of its New York Office to 400 Park Avenue, Suite 810, New York, NY 10022.

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. It is the design of this structure that each participant has a vested interest in achieving the highest return possible, mitigating the potential for conflict within the partnership. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy which has lead to a steady transaction volume of one closing per month. The staffing required to manage this volume necessitated the relocation to larger offices.

The Company's mission is to outperform established benchmarks while providing exemplary service to its clients. NDC intends to earn and maintain the trust of its clients through core values of integrity, respect, and innovation, and is committed to achieving its clients' investment objectives.