Press Release
For Immediate Release
December, 2006

Fair Place Transaction Closes

Calabasas, Calif., December, 2006 - Troxler, a California based firm specializing in providing joint venture equity for commercial, industrial, hospitality, residential, land entitlements and development, announces the closing of the transaction of Fair Place in North Hollywood, California, with partner Schaffel Development.

Situated on approximately 3.5 acres near the Noho Arts District and the Orange Line, the project is expected to include 216 multi-family residences.

Troxler, a division of The Troxler Group of Companies, is an innovator in the industry having successfully created a unique branded platform of operating in specific opportunistic segments of the real estate market throughout the Western United States. We have invested in projects with terminal values in excess of $7 billion and continue to demonstrate our ability to partner with our clients across cycles and to deliver consistent returns.

Troxler serves the financial needs of corporations, institutional clients and high-net-worth individuals. Since our beginning in 1990, we have maintained leadership positions in equity in investment banking, private equity and wealth and asset management services. For more information, visit our Web site at www.troxler.com.