JOINT VENTURE PURCHASES MULTIFAMILY UNITS WITHIN THE BROOKHAVEN

ATLANTA — A joint venture between Admiral Capital Real Estate Fund and Wood Partners has acquired
209 apartment units within The Brookhaven, a Class A 17-story building located at 3833 Peachtree Road
in Atlanta's Buckhead submarket. The property was built in 1985. Interior renovations, including hardwood
floors, new cabinetry and enclosed sunrooms, were completed in 2008. Wood Partners plans to further
renovate The Brookhaven with a new fitness center, outdoor bar and bocce ball court, as well as expanded parking. Amenities already featured at the property include a heated pool, saunas and a lighted tennis
court. Admiral Capital Real Estate Fund, based in San Antonio, Texas, is a joint venture between USAA
Real Estate Co. and Admiral Capital Corp. David Gutting and Derrick Bloom of Jones Lang LaSalle's
Capital Markets represented the joint venture in the transaction.