NEW YORK--(MARKET WIRE)—April 12, 2007--NDC Capital Partners LLC (“NDC”) today announced a co-investment with a local operating partner for the acquisition of Buckhead Farm, a 295-pad, three-star manufactured housing community in Fayetteville, NC.  The acquisition includes excess land allowing for the expansion of the community by 240 pads.  Located just off I-95, the major north-south interstate, Fayetteville is home to Fort Bragg and Pope Air Force Base, one of the largest military installations in the world.

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.