FOR IMMEDIATE RELEASE
Contact: Herman Bulls, President & CEO
+1 (202) 256-1814
herman.bulls@bullscapitalpartners.com

Bulls Capital Partners and Jones Lang LaSalle Arrange $37.7 Million in Fannie Mae Financing On A Four-Property Multifamily Portfolio in Orlando and Melbourne, Florida

Vienna, VA August 22, 2006 -- Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing (DUS) lender, has completed four loans totaling $37.7 million on garden style apartment complexes in Orlando and Melbourne, Florida. The loans were completed on behalf of a limited liability corporation consisting of LaSalle Income and Growth Fund IV, an institutional fund managed by LaSalle Investment Management, and Affirmative Equities Company, LP, a multifamily investment and development company, which owns and operates apartments on the East Coast. In separate transactions, Bulls Capital Partners placed $8.55 million in financing for Misty Oaks Apartments, $11.92 million for The Reserve at Rosemont I, and $7.47 million for The Reserve at Rosemont II, all located in Orlando, Florida; and $9.76 million for The Landings at Palm Bay in Melbourne, Florida. The combined portfolio totals 1,010 units.

Four Property Portfolio To Be Repositioned

Misty Oaks was built in 1983 and consists of 251 units in 21 two-story buildings. Amenities include a pool with poolside deck, two sand volleyball courts, six laundry facilities, club house and a car wash area. Units have patios and/or balconies, built-in wardrobes, lake views and spacious layouts.

The Reserve at Rosemont I and II contain two neighboring properties representing a combined 488 units and were built in 1984 and 1985 respectively. The Reserve at Rosemont I consists of 344 units in 19 three-story buildings and the Reserve at Rosemont II consists of 144 units contained in 10 two-story buildings. Combined, the properties offer the residents three pools, three spas, two lighted tennis courts, six laundry facilities, picnic areas, gazebo and tot-lot as well as a pond and fountain.

The Landings at Palm Bay was built in 1985 and consists of 271 units in 19 two and three-story buildings. The property offers an onsite lake, two swimming pools, two hot tubs, a lighted tennis court, a gazebo and six laundry facilities.

Affirmative Equities contracted to buy the properties and teamed up with LaSalle Investment Management to complete the transaction. Dave Hendrickson, Senior Vice President of Jones Lang LaSalle, originated the loan on behalf of LaSalle Investment Management, represented by Managing Director Jim Hutchinson. Douglas Westfall represented Bulls Capital Partners in the transaction.

“This series of loans marks Bulls Capital Partners’ first transaction with LaSalle Investment Management and with Jones Lang LaSalle, two firms with which I am well-acquainted,” said Herman Bulls, CEO of Bulls Capital Partners. “LaSalle Investment Management has had a tremendous investment track record during the past decade and we welcome them as a new customer.”

“This transaction came together as a great fit between the LaSalle fund’s specific financing requirements and the creative openness offered by Fannie Mae’s DUS program,” said Mark Van Kirk, COO and Co-Founder of Bulls Capital Partners. “All the professionals working on this multi-asset transaction evaluated numerous structures to meet the exact requirements of the high-quality institutional investor and create a winning transaction for all our firms.”

“Bulls Capital Partners provided tremendous service throughout this complex process and demonstrated deep knowledge of our needs as an institutional investor,” said Jim Hutchinson. “Their professionalism, and the strength of Fannie Mae’s program, ensured a successful transaction.”

About Bulls Capital Partners, LLC

Bulls Capital Partners, LLC is a Fannie Mae approved Delegated Underwriting and Servicing (DUS™) lender that offers a full array of financing solutions to owners of multifamily property. Bulls Capital Partners’ key capabilities under the DUS program include small loan solutions, affordable housing solutions, student housing, market-rate multifamily mortgages, and credit facilities, among other offerings.

Bulls Capital Partners is a joint venture of SunTrust Bank, one of the nation’s largest commercial banking organizations, and Bulls Multifamily, LLC, a minority-controlled firm headed by President & CEO Herman Bulls. Mr. Bulls previously ran a successful DUS lending operation, and currently leads the securitization of tens of thousands of military housing units as President of Public Institutions at Jones Lang LaSalle, a leading global real estate services firm. Co-Founding Bulls Capital Partners, LLC with Mr. Bulls is Mark Van Kirk, Chief Operating Officer. Mr. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

DUS is a trademark of Fannie Mae.

About Jones Lang LaSalle and Affirmative Equities

Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to Forbes magazine’s Platinum 400, has more than 100 offices worldwide and operates in more than 430 cities in 50 countries. With 2005 revenue of approximately $1.4 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of 966 million square feet worldwide. In 2005, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at $43 billion. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate money management firms, with approximately $37 billion of assets under management. For further information, please visit www.joneslanglasalle.com.

Affirmative Equities Company, L.P. has been an active investor/operator of multi-family apartments since 1980 and in the past five years has acquired more than $300,000,000 of apartments ranging from New York to Florida with a number of institutional investment partners. Affirmative has demonstrated a highly successful track record for delivering consistently above-market returns to its partners through careful acquisition, repositioning and management. The firm is headed by Andrew Jubelt. Jubelt@AECLP.com

---end---