GID INVESMENT ADVISORS LLC ACQUIRES THE VINOY

Boston - (October 6, 2006) - GID Investment Advisers LLC (“GID”) announced today that it has acquired on behalf of an affiliate, Windsor Columbia Realty Fund LLC, (“WCRF”), the 356-unit The Vinoy luxury apartment community. The community, which will be renamed Windsor at the Vinoy, is located in Charlotte, North Carolina. The property is conveniently located less than one-mile from Interstate 85, which provides residents of the property direct access to downtown Charlotte.

Completed in June 2006 by AG Spanos Companies, the community consists of seventeen-residential buildings and a recreation/leasing building. Amenities include a resort-style pool, expansive sundeck, tennis court and a well-equipped fitness center. The community offers a mix of one, two and three bedroom floor plans, averaging 978 square feet. All units have balconies or patios, full size washers and dryers, crown molding in the living areas, ceramic tile entries and nine-foot ceilings. The property also offers a mix of dedicated and detached garages.

Matt Stuart, Assistant Vice President of Real Estate Acquisitions for GID commented, “Windsor at the Vinoy is located in a high growth sunbelt city. The property should compete favorably within the University submarket of northeast Charlotte due to its excellent location and strong amenity package.”

WCRF is an equity co-investment joint venture between GID and the Oregon Public Employees Retirement Fund.

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