CenterPoint, located in Waltham, Massachusetts, is an approximately 500,000 sq. ft. office complex located on approximately 24 acres. Originally, CenterPoint was developed as a research and development facility, but in recent years has begun a dramatic retrofit into dramatic and engaging “creative class” office space. CenterPoint features extremely efficient floor plates and high ceilings with an abundance of natural light that are unique to the Waltham market. Such space has seen increased tenant demand from a variety of users including professional service, technology and marketing firms. CenterPoint is also located in a transforming in-fill neighborhood with many retail and residential amenities within walking distance and short drive times to the vibrant town centers of Waltham, Watertown and Newton.

“The suburban office market of Boston, with Waltham at its epicenter, has historically been an exciting place to be and that is no different today, however, there has been in a shift in the types of office space that are in demand. Vibrant, mixed-use neighborhoods with nearby amenities are increasing in appeal at the expense of stand-alone office parks. CenterPoint appears to be positioned perfectly to capitalize on this trend, which we believe will only intensify as more and more tenants look creatively to drive corporate performance through their use of office space,” said Deke Schultze, Director of New England for Rubenstein.

Rubenstein purchased CenterPoint through a joint-venture partnership with developer and operator Saracen Properties, which designed and performed the recent renovations. The partnership was drawn to CenterPoint’s strategic location in a rapidly improving section of the Route 128 West suburban office submarket of Boston, the strength of the current tenant roster and the quality of the CenterPoint’s recent office renovations.

Ted Saraceno, President of Saracen Properties added, “We are extremely excited about the prospects for the future with Rubenstein Partners as we continue to expand the repositioning efforts at CenterPoint. It has been a dramatic transformation to-date, and, with all that is happening in the neighborhood in regards to retail and residential development, we are poised to see this transformation continue into the future.”

“The closing of this transaction represents the continued successful execution of our firm’s “value-added” strategy. It was made possible by our continued commitment to penetrate markets throughout a broad geographic area, including gateway markets such as Boston, by leveraging our in-house regional directors in conjunction with local operating partners. We are enthusiastic about the rapidly expanding prospects for future investments of this nature such as CenterPoint”, said David Rubenstein, Senior Managing Principal of Rubenstein.

<h2>About Rubenstein Partners</h2>
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the Eastern United States. The firm is lead by David Rubenstein and a group of senior real estate executives, and is focused on directing and managing value-added office real estate investments, primarily in the Eastern United States. Rubenstein Partners’ predecessor company, The Rubenstein Company, LP was founded in 1969, and was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004. Since 2005, Rubenstein Partners has, on behalf of its investors, invested in more than 8,500,000 sq. ft. of office real estate assets located in the following markets: New England; New York Metro, Mid-Atlantic; Midwest and the Southeast.

<h2>About Saracen Properties</h2>
Saracen Properties is a commercial real estate company providing development, construction, property / asset management and investment acquisition services. Founded in 1982 and based in Waltham, Saracen has developed or acquired over 3,000,000 sq. ft. of office and technology-related facilities in the suburban Boston market. The firm additionally manages over 2,500,000 sq. ft. of space for third-party owners (<a href=”http://www.saracenproperties.com”>www.saracenproperties.com</a>).

The two transactions involved 64/66 Perimeter Center East (64/66 PCE), located in Atlanta’s Central Perimeter District, and NASCAR Plaza in Charlotte’s Central Business District. The combined sales total approximately $218,000,000 on 974,000 sf of office space. David Rubenstein, Senior Managing Partner said, “The acquisition, management, stabilization and subsequent sale of these assets epitomize the Fund’s value-added approach to real estate investing.”

The following is a summary of the two dispositions, both executed in December 2012:

NASCAR Plaza, Charlotte, North Carolina – Rubenstein, in partnership with local operator Trinity Capital Advisors (“Trinity”), sold NASCAR Plaza, a 390,000 square foot Class A, LEED Silver certified building located in the Charlotte CBD, for approximately $100,000,000. Rubenstein and Trinity acquired the newly constructed and 40% occupied NASCAR Plaza in December of 2010 through a simultaneous note purchase and deed-in-lieu of foreclosure. Rubenstein and Trinity then successfully leased the building to 88% occupancy in less than 24 months. David Rubenstein said, “The key components of our strategy were to acquire the new Class A asset, in an improving section of the Charlotte CBD, at a competitive basis which would allow us to aggressively lease the property.

We also believed NASCAR Plaza’s accessibility and high visibility would appeal to corporate relocations. That thesis was proven out by the building’s ability to land the approximately 140,000 sf relocation of Chiquita Brands.”

64 and 66 Perimeter Center East, Atlanta, GA – 64/66 PCE, totaling 584,000 sf consisting of two Class A office buildings and a data center component, was recently sold for $118,500,000. Rubenstein initially purchased the Atlanta Property as a part of a 3,500,000 sf portfolio in February 2007. In 2010 Rubenstein executed a substantial repositioning and renovation project including interior, exterior and mechanical elements of the property and later added fitness and dining amenities. As a result, Rubenstein recently achieved 96% occupancy after attracting a 500,000 sf lease with a Fortune 50 company. Rubenstein has now finalized the execution of its value-added business plan through the disposition of the asset. “When we purchased 64/66 PCE we planned for the possibility that we would experience a big block of vacancy, and we were confident that our skill in the renovation, repositioning and leasing of office buildings, combined with a strategic location in a submarket with many Fortune 500 companies, would provide us with the opportunity to achieve our investment goals. We are very pleased to have successfully executed our value-added strategy by repositioning, and stabilizing the property and then closing on a sale to an institutional investor,” said David Rubenstein.

<h2>About Rubenstein Partners</h2>
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the Eastern United States. The firm is lead by David Rubenstein and a group of senior real estate executives, and is focused on directing and managing value-added office real estate investments, primarily in the Eastern United States.

The NASCAR Plaza investment, which is the firm’s first purchase of an existing CBD Class-A tower, exemplifies Trinity Capital’s strategy of investing in value-add office opportunities. The firm, in a joint venture with Rubenstein Partners, a Philadelphia based, real estate fund manager (“Rubenstein”), will bring a well capitalized ownership that will enable NASCAR Plaza to effectively compete for tenants within a submarket of Charlotte which has been demonstrating steadily improving fundamentals.

The key factor of the acquisition was the Trinity Capital and Rubenstein team’s ability to efficiently structure an extremely complex transaction involving multiple parties in a condensed period of time.

Walker Collier, Managing Director of Trinity Capital, remarked, “NASCAR Plaza is a true Class-A asset that is perfectly positioned to compete for both CBD and suburban Charlotte tenants, as well as corporate relocations to the metropolitan area. We feel fortunate to have the opportunity to own and manage such a well constructed building that has an exceptional anchor tenant.” Sean McKinley, Director of Trinity Capital, further commented that, “This asset is located in a part of town that is directly in the path future growth, and enjoys phenomenal access that is unmatched in Uptown. We are excited about the opportunity to reintroduce the building to the market.”

NASCAR Plaza is a landmark building in the Charlotte skyline and connected to the NASCAR Hall of Fame complex. It was designed by Pei Cobb Freed & Partners, famous for more than 200 world renowned projects such as the expanded Louvre in Paris, the Rock and Roll Hall of Fame in Cleveland and the John Hancock Tower in Boston. Furthermore, the building has achieved Leadership in Energy and Environmental Design (“LEED”) silver certification from the U.S. Green Building Council (“USGBC”).

About Trinity Capital Advisors

Trinity Capital Advisors is a preeminent Charlotte, private real estate investment and development company focused on selective development, acquisition and redevelopment of office, industrial and mixed-use real estate throughout the Southeast.

About LEED®

The LEED® (Leadership in Energy and Environmental Design) Green Building Rating System™ is a feature-oriented certification program that awards buildings points for satisfying specified green building criteria. The six major environmental categories of review include: Sustainable Sites, Water Efficiency, Energy and Atmosphere, Materials and Resources, Indoor Environmental Quality, Innovation and Design. Certified Silver, Gold and Platinum levels of LEED green building certification are awarded based on the total number of points earned within each LEED category. LEED can be applied to all building types including new construction, commercial interiors, core & shell developments, existing buildings, homes, neighborhood developments, schools and retail facilities. Incentives for LEED are available at the state and local levels and LEED has also been adopted nationwide by federal agencies, state and local governments, and interested private companies.

Philadelphia: January 13, 2010 - In a sign that the commercial real estate investment market is beginning to thaw, Rubenstein Partners, a private equity firm providing leading real estate investment management and advisory services in office markets throughout the Eastern United States (“Rubenstein”), today announced the closing of five separate transactions in the fourth quarter of 2010 by affiliates of Rubenstein Properties Fund, L.P. (“Fund”), the Fund’s first new investments in nearly four years. The investments were consistent with the firm’s strategy of backing strong local real estate partners.

The five transactions located in Charlotte, NC, Whippany, NJ, Alexandria, VA, Springfield, VA and Cleveland, OH represent an initial equity investment of approximately $70,000,000, with anticipated follow-on equity investments in these deals of $40,000,000. After patiently scouring for opportunities over the past few years, these deals reflect Rubenstein’s ability to seize new opportunities in what had been a dislocated office investment market.

Each investment, while unique and distinct, is consistent with the Fund’s focus on value-added office investments in the Eastern United States. Following the execution of these five year-end deals, the Fund still has substantially in excess of $100,000,000 of equity capacity available for future investments.

Rubenstein anticipates this year-end flurry of investment activity to be a harbinger of increased deal flow, given its investment style and current market outlook, as distressed situations and others begin to make their way into a market that was overheated in 2006-2008, largely frozen in 2009 and anemic in 2010. “We have worked very hard sourcing, underwriting and negotiating potential transactions for the better part of the last four years, but have refrained from buying. As the result of the firm’s discipline, the Fund has little legacy asset distraction, available capital, and is well positioned to take advantage of opportunities that we believe will be coming to the market in the 2011 to 2013 timeframe,” said David Rubenstein, senior managing principal of Rubenstein Partners, the Fund manager.

The following is a summary of the five value-added transaction executed in December 2010:

Charlotte, North Carolina – The Fund, in partnership with local operating partner, Trinity Capital Advisors, purchased the debt and equity interest in NASCAR Plaza, a state of the art 390,000 square foot Class A, newly developed LEED Silver certified building located in the central business district of Charlotte. The property was acquired as part of a complex, multi-party note sale. NASCAR Plaza is currently 40% occupied and Rubenstein intends to reintroduce the building to the market and aggressively lease-up the remaining vacancy.

Whippany, New Jersey – The Fund, in partnership with local operating partner, Vision Equities, closed on a former corporate campus of Lucent-Alcatel located in the heart of Morris County. The campus currently contains 15 office, research/lab and support buildings totaling 1,354,751 square feet, situated on 194 acres. The property has two primary office buildings totaling 525,000 square feet, which are prime candidates for renovation and re-use, 500,000 square feet of existing buildings that can be released as R&D/lab space and 300,000 square feet of other mixed-use space and 80 acres of developable land (depending on how much existing office space is re-used) which has received considerable interest from developers and tenants seeking to participate in the future development of office, retail, multi-family and senior living uses.

Alexandria, Virginia – The Fund closed on the acquisition of 2900 Eisenhower Avenue, a 60,000 square foot office building which is located in the Alexandria sub-market of the Washington, DC metro area with frontage on Interstate 495. The property was purchased from a corporate user and is currently 25% occupied. Rubenstein intends to renovate the building, lease up the vacancy and take advantage of a rapidly tightening sub-market.

Springfield, Virginia – The Fund, in partnership with local operating partner, Salmon River Partners, executed a purchase contract for a 24 acre parcel of land in Springfield, VA proximate to Fort Belvoir. The partnership intends to develop approximately 200,000 square feet of Class A office. The site features excellent visibility to Interstate 95, and is expected to benefit from its proximity to the new 2.3 million square foot National Geospatial Intelligence Agency Headquarters which is located less than 2 miles from the property.

Cleveland, Ohio – The Fund originated, to a local operating partner, a $15,000,000 mezzanine loan in the Flats East Bank Development, a mixed-use project which shall contain an 18 story LEED certified office building, a 150 room A-Loft hotel, retail space, a parking garage and 14 acres of park land, all at the mouth of the Cuyahoga River. The debt investment involved coordination with a myriad of other parties and was emblematic of Rubenstein’s ability to navigate complex structures and capitalize on a quick moving opportunity.

“The closing of these transactions represents the continued successful execution of the Fund’s “value-added” strategy throughout the Fund’s target markets in the Eastern United States, and we are enthusiastic about the rapidly expanding prospects for future investments, while understanding that our continued success will be based on being selective in all parts of the cycle,” Rubenstein added.