Companies

Arsenal Real Estate Funds, LLC - Arsenal Real Estate Fund I

http://www.arsenalre.com/

PRESS RELEASE: RSENAL REAL ESTATE FUNDS ANNOUNCES THE CLOSING OF ITS $150 MILLION OPPORTUNISTIC FUND (August 17, 2006) An opportunistic fund, Arsenal Real Estate Fund I (AREF I) was built on the premise that the greatest returns to investors are provided through the development process where sufficient cost advantages exist between production cost of an asset relative to the market value of the completed asset. Profit potential is enhanced if the investment focus is targeted on scarce, high demand product. In that regard, the fund has invested in urban in-fill land reuse investments, affordable rental housing developments, waterfront residential development and entry-level condominium conversions in markets with barriers to entry. (http://www.arsenalre.com/news/ArsenalNews-closing.pdf)

• Brownfield Redevelopment