For Immediate Release December 06, 2007

For more information: Joy Lutes 703.362.0150

Bond Buyer Honors Pacific Beacon with the Deal of the Year Award

Deal Team Sets the Standard with the First Ever Privatization Effort for Unmarried Sailors

NEW YORK - Editors of the Bond Buyer newspaper recently honored Pacific Beacon, LLC with the Deal of the Year in the category of non-traditional public finance.  Recipients will be honored at the Sixth Annual Deal of the Year Awards ceremony in New York City on December 11, 2007.  The deal, which involves the Department of the Navy, Clark Realty Capital, Duxbury Financial, and Merrill Lynch, raised $307.2 million to finance the development, construction, and management of privatized housing for approximately 2,400 unmarried sailors at Naval Base San Diego.

"We thought the Pacific Beacon transaction's ability to utilize the capital market to build new housing for American sailors created a new paradigm," said Amy Resnick, editor in chief for Bond Buyer publication.  "[The deal is] delivering first-class services to a population that clearly deserves them."

The Department of the Navy teamed with Clark Realty Capital in a Public Private Venture (PPV) to create the country's first ever, large-scale housing privatization initiative for unmarried military personnel.  By leveraging private sector financing and expertise, the Pacific Beacon, LLC team set the standard for Unaccompanied Personnel Housing (UPH).  Duxbury Financial, an affiliate of Clark Realty Capital, structured the financing of the transaction with the initial placement of Merrill Lynch. 

"It is rewarding to be recognized with this prominent financial industry award," said Gregory Day, president of Duxbury Financial.  "We take pride in leading the most ambitious and visible privatization project to date."

Pacific Beacon, scheduled for completion in 2009, will not only serve as a striking addition to the San Diego skyline, but will also be a dramatic improvement to the lifestyle of single enlisted sailors stationed in San Diego.  The high-rise apartment community offers 941 dual master suite residences complemented by an abundance of amenities on par with many of today's leading private sector residential developments. 

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About Duxbury Financial

Duxbury Financial, L.L.C. is an investment bank specializing in real estate finance.  The group has a long history of closing complex transactions for both commercial and residential investments and sets trends with new, innovative financial structures in unique market segments such as privatized military housing.  To-date, Duxbury has closed over five billion dollars in financings.  For more information, visit www.duxburyfinancial.com.

About Clark Realty

Clark Realty is a fully integrated national real estate company offering a broad base of services including capital markets, development, construction, property management, and investment management. The Army, Navy, Air Force, and Marines are leveraging the ingenuity and assured performance of Clark Realty at 12 military installations throughout the United States. Upon completion of current military projects, Clark Realty will have built or renovated nearly 26,000 homes with a development value in excess of $4.7 billion.  For more information about the Pacific Beacon project, visit www.pacificbeacon.com.  For more information about Clark Realty, visit www.clarkrealty.com.

About SourceMedia

SourceMedia, an Investcorp company, provides market information, including news, analysis and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences.

Its flagship publications, including American Banker, National Mortgage News, The Bond Buyer, and Accounting Today, have helped build SourceMedia's reputation as the pre-eminent information source in its respective markets. Consulting services, software and data provided through its two divisions, National Regulatory Service (NRS) and Accuity facilitates regulatory compliance, funds registration and data flow among institutions in the investment, insurance and financial services industries.

SourceMedia's 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers - from the front office to the middle office to the back office.  For more information, visit www.sourcemedia.com.

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