GID INVESTMENT ADVISERS LLC ACQUIRES LEGACY PARK BUSINESS CENTER IN HOUSTON

Boston - (May 15, 2007) - GID Investment Advisers LLC (“GID”) announced today that it has acquired Legacy Park Business Center on behalf of an affiliate, Windsor Realty Fund-VII LLC (“WRF-VII”). The property is a two building, 91,451sf flex/industrial project located in the Northwest submarket of Houston, TX.

Houston-based The Betz Companies developed the project in 2001. The property is situated on 5.5 acres and was 95% occupied at the time of sale. The property is located along Beltway 8/Sam Houston Tollway at Fallbrook Drive and also enjoys easy access to Highway 290 and Highway 249. The project has outstanding access to retail and commercial amenities including the 1.5 million square-foot Willowbrook Mall, as well as executive housing. The project’s lead tenants include RJ Global Technology, a leading manufacturer of specialized seals designed for large precision machinery and Weatherford International/Columbia Oilfield, a leading provider of oil and gas exploration services.

Gary Kroll, Vice President of Real Estate Acquisitions for GID commented, “We are very excited about our flex/industrial entry into the Houston market. This Class A asset squarely meets the target acquisition criteria for WRF-VII with its outstanding access to highway infrastructure, retail amenities, and executive housing. Houston’s population and employment growth keep it at the top of our target market list and we look forward to further opportunities in this market.”

Transwestern Commercial Services – Houston has been hired as third party leasing and management agent for this project.

WRF-VII is an equity co-investment joint venture between GID and several institutional investors. The relationship covers the entire United States. GID has full discretion over all acquisition and disposition decisions.

For further information, contact Gary Kroll at 617-854-6635 or gkroll@generalinvestment.com.

The General Investment & Development Companies (GID) www.generalinvestment.com, founded in 1960, are privately-held, diversified companies with substantial interests in both residential apartment and other commercial real estate throughout the United States. GID is headquartered in Boston, Massachusetts, and its various affiliates operate nationwide. Over its history, GID has developed and acquired apartment, condominium, office, research & development and industrial properties. Today, GID and its affiliates' portfolios are invested in 17 states including over 11,000 apartment homes in 35 properties, 670,000 square feet of suburban office space in seven office buildings and 3.0+ million square feet of flex industrial space in ten business parks. Over the years, GID has developed and/or acquired over 36,000 apartment homes.