NDC Capital Partners Announces a Real Estate Co-Investment With Post Investment Group

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Fri Jun 26, 2009 12:22pm EDT

  NEW YORK, NY, Jun 26 (MARKET WIRE) -- 
NDC Capital Partners LLC ("NDC") today announced a co-investment with
Post Investment Group ("Post") for the acquisition of 365 Class B
Apartment units. This joint venture marks the second partnership between
NDC and Post. Greentree Apartments is located in the city of Carrollton,
TX, a submarket in the Dallas/Forth Worth Metroplex. The property has
significant drive-by traffic given its location just northwest of the
intersection of the President George Bush Turnpike and Old Denton Road.
The location allows for convenient access to major employment hubs,
retail, entertainment districts, DFW International Airport, Downtown
Dallas and the entire Metroplex via the President George Bush Turnpike
(0.5 miles to the south), Stemmons Freeway - I-35 (1.7 miles to the west).

    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.

    

For further information, contact:

Anthony T. Niosi
Managing Partner
212.867.4520
aniosi@ndccp.com

Eric D. Jones
Chief Investment Officer
212.867.4520
ejones@ndccp.com

Todd M. Cather
Partner
212.867.4520
tcather@ndccp.com

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