TNP VULTURE FUND VIII SELLS 45 PERCENT INTEREST IN 11-STORY OFFICE BUILDING

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LAS VEGAS — TNP Vulture Fund VIII has sold a 45 percent interest in an 11-story office building and adjacent four-story parking structure to TNP/SLI Green Building Fund for an undisclosed price. Located at 302 E. Carson in Las Vegas, the property was originally purchased in 2008 from Barden Entertainment Group. The owners plan to renovate the vintage 1965 building to meet LEED Silver certification. Partners in the project include the co-owners and Shangri-La Construction. Completion is scheduled for mid-2009.

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