Press Release
For Immediate Release
June, 2007

Villa Verde Slated For Groundbreaking In July

Calabasas, Calif., June, 2007 - Troxler, a California based firm specializing in providing joint venture equity for commercial, industrial, hospitality, residential, land entitlements and development, announces that groundbreaking for Villa Verde, with joint venture partner, Schaffel Development, is scheduled for July 2007.

The Villa Verde project which is located in Valley Village, California, is comprised of a three-story, 96 unit condominium project situated in a prime location that is enhanced by its proximity to the high-end Gelson's Market and 101 Freeway exit.

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.