FOR IMMEDIATE RELEASE

Harbor Group International Sells Apartment Community
In Durham, North Carolina

Norfolk, Virginia – February 15, 2008, Harbor Group International, LLC (“Harbor Group” or the “Company”) announced today that an affiliate of the Company has sold the 224-unit Triangle Pointe apartment community in Durham to an affiliate of Mission Residential Holdings, LLC, Inc. for $15.9 million.

Blake Okland of Apartment Realty Advisors brokered the transaction.

“Triangle Pointe represents a tremendous success for Harbor Group,” said T. Richard Litton, Jr., President of Harbor Group. “We are pleased with the property’s performance over the past few years and successfully executed our hold and exit strategy.”

Harbor Group purchased the property in April of 2004.

Triangle Pointe Apartments is a 224-unit garden-style apartment complex built in 1999. The property contains one, two, and three bedroom apartments with an average square footage of 870.  Triangle Pointe is comprised of 12 two- and three-story residential buildings and a clubhouse/office. Amenities include a swimming pool, two lighted tennis courts, a fitness center, a sand volleyball court, a car care center, a picnic area with grill, and a laundry facility.  The property is located in Southeast Durham less than one mile north of the new 540 Northern Wake Expressway and less than two miles from the Research Triangle Park.  The property is currently 96% occupied.

Harbor Group International, LLC is a private real estate investment and management firm which controls a portfolio of worldwide assets valued in excess of $2.0 billion.  The Company’s real estate holdings include over 8.0 million square feet of commercial space and more than 11,000 apartment units.  Harbor Group is headquartered in Norfolk, Virginia with offices in New York, Chicago, London and Tel Aviv.  For additional information, please visit www.harborgroupint.com.