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GID INVESTMENT ADVISERS LLC ACQUIRES OFFICE BUILDING IN AUSTIN, TX

Boston - (June 18, 2008) - GID Investment Advisers LLC (“GID”) announced today that it acquired on behalf of an affiliate, Windsor Realty Fund IV-2002 L.P. (“WRF-IV”), Barton Oaks Plaza I in Austin, Texas. The property is located in the South submarket of Austin.

Barton Oaks Plaza I is a suburban, multi-tenant office building that is 97% occupied with only 15% of the leases expiring in the next two years. Developed in 1985 by Transwestern, the project is located in a master planned office park. The adjacent greenbelt and creek as well as development restrictions within the Edwards Aquifer area provide natural barriers to new development, and the subject has excellent access to South Mopac Expressway and Bee Caves Road.

Gary Kroll, Vice President of Real Estate Acquisitions for GID commented: “Our purchase of Barton Oaks Plaza I is GID's sixth office purchase for WRF-IV. The office park setting and properties curb appeal, as well as immediate access to highways and proximity to executive housing, exactly meets the parameters of our office fund. We believe Austin’s strong fundamentals and growth will continue, and this is an excellent entry into this office market.”

For more information on GID’s office program, please contact Gary Kroll at (617) 854-6635 or visit our website at www.generalinvestment.com.


 




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