WRF-VII, A CLOSE-END COMMINGLED REAL ESTATE FUND HOLDS INITIAL INVESTOR CLOSING

Boston - (November 6, 2006) - Windsor Realty Fund-VII Limited Partnership (WRF-VII), a closed-end real estate fund sponsored by GID Investment Advisers LLC (GID), closed today on capital commitments of $167 million from several institutional investors. These commitments will be used to acquire approximately $500 million of flex industrial property located in targeted metropolitan areas across the United States. The acquired property will be a mix of existing flex buildings and land for new development. Flex buildings typically contain 25,000 to 75,000 square feet on a single floor and are easily configurable for a variety of uses, including office, research and development, assembly, showroom, light manufacturing, distribution and warehouse.

WRF-VII represents GID's first real estate fund to be capitalized by multiple investors. Each of GID's prior six funds has a single, large institutional investor making multi-year capital commitments. WRF-VII also represents GID's first fund to focus on flex industrial property. Four of GID's prior funds have focused on apartments, and two on suburban office properties. GID has invested in flex industrial property since 1987, but until the formation of WRF-VII, GID has made such investments using its own capital exclusively.

For more information on WRF-VII or its acquisition criteria, please click here or contact Bob Fessler, President Flex/Industrial Group, at 617-854-6664.