Villaggio Shopping Centre

Acquisition Date:	July 2007
Location:	Orlando, Fl
Size:	50,528 square feet of office space
Investment Opportunity:	Value added deal, purchased at 42% occupancy at market rates. Brand new development in one of the newer areas of Orlando.
Results:	We have achieved up to 75% occupancy, Area has not been fully developed, and rental rates had been reset to market. Huge discount negotiated with former lender; Expected stabilization is 2013.