May 22, 2012

Retreat at Shadow Creek Ranch Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture development of a new 370 unit multi-family project in Shadow Creek Ranch, in Pearland, TX that will be known as Retreat at Shadow Creek Ranch (the “Property”). On May 4, 2012, the partnership acquired 16.345 acres of land.

The property is located within the 3,500 acre master planned community, Shadow Creek Ranch, located in Pearland, Houston MSA, TX. Pearland is the second fastest growing city in Texas and the 15th fastest growing city in the U.S. The property is located approximately 10 miles south of the Texas Medical Center and the Houston CBD. The 2012 average household income is estimated to be $103,460 within a 3-mile radius.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.