Press Release: Sale of Lakeside Village Shopping Center

CBRE ARRANGES SALE OF LAKESIDE VILLAGE SHOPPING CENTER
AND ADJOINING OUTPARCELS IN WINDERMERE

Orlando, FL – June 12, 2013 – In separate transactions, CBRE has closed on the sale of Lakeside Village Center, a Publix-anchored shopping center in Windermere, Florida, plus the separate sales of adjoining McDonald's and 7-Eleven outparcels. CBRE's National Retail Investment Group and Net Leased Property Group represented the seller, a joint venture between Orlando-based Boyd Development Corporation and Ram Realty Partners II LP. Lakeside Village Center was acquired by an institutional investor and private investors acquired the outparcels, all in separate transactions for undisclosed prices.

Lakeside Village Center, a 74,964-square-foot shopping center located at 7880 Winter Garden Vineland Road, was 100% leased at the time of the sale. The two outparcels, leased by McDonald’s and 7-Eleven, respectively, were marketed separately to maximize value for the owner.

“The buyer and other interested bidders were seeking a stabilized core quality asset in an excellent long-term strategic location and Lakeside Village Center fits this description,” said Casey Rosen, a Senior Vice President with CBRE in Miami. “This was the first new core quality retail asset marketed in Florida since the downturn and demand was very strong.”

Rosen, along with Senior Vice President Dennis Carson, leads the CBRE National Retail Investment Group in Florida. Based in Miami, this team of senior Capital Markets professionals specializes in the sale, debt and equity finance and recapitalization of retail properties throughout the United States. They collaborated with the Net Lease Property Group, a team of senior level Capital Markets professionals that specializes in the sale, purchase and recapitalization of single tenant net leased properties throughout the United States. In Florida, that team is based in Orlando and led by Mark Drazek.

About Boyd Development Corporation
Boyd Development Corporation is an Orlando-based real estate development company that focuses on creating value by acquiring well located land that can be used for mixed-use development. Depending on the needs of a specific property, Boyd may engage in master planning activities, work to obtain, modify or enhance entitlements, and vertically develop various types of commercial and residential projects on the land. Key principals within the firm have combined expertise that spans 80 years, and collectively have developed dozens of projects in the Central Florida market area. For more information, visit www.BoydDev.com.

About Ram
Ram is an affiliated group of companies that was founded in 1978. The Company acquires, repositions, and develops retail and multifamily properties throughout the major markets in the Southeast United States. The Company’s primary investment vehicles are commingled, discretionary private equity funds on behalf of endowments, foundations, pension plans, and family offices. Since 1996, the Company has deployed in excess of $1.7 billion of capital into value-add and opportunistic investments, including the acquisition of distressed debt. Ram currently has 135 full-time employees that are dedicated exclusively to the management of its real estate portfolio. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida, Charlotte and Chapel Hill, North Carolina. For more information, visit: www.ramrealestate.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.

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