SOURCE: NDC Capital Partners

 

NEW YORK, NY--(Marketwire - June 30, 2008) - NDC Capital Partners LLC ("NDC") today announced a co-investment with Post Investment Group for the acquisition of 286 Class B Apartment units. Whispering Winds is located in the city of Pearland, TX, which is located south of downtown Houston and is one of the fastest growing cities in Texas. The property has frontage to a main thoroughfare of Pearland, East Broadway, which has significant daily drive-by traffic thereby supporting the leasing of the units. The property is located around the corner from the newly constructed Pearland Parkway, which provides convenient access to the Sam Houston Tollroad. Major employers, such as the Texas Medical Center and NASA's Johnson Space Center, draw vast numbers of skilled workers to the region. The city of Pearland provides these workers with an attractive, family-oriented community to educate and raise their children, while maintaining a high-quality of life.

About Post Investment Group

Post Investment Group is an opportunistic real estate investment firm focused on the acquisition of multi-family assets. The company specializes in both core-plus and value-add investment opportunities capitalized through private and institutional investors. Post Investment Group targets deals ranging between $15 million and $100 million throughout the United States. Recently, they have been acquiring properties in Texas, with expanded interest in California, Oregon, Washington State, Georgia and Florida.

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.