RKB Washington Property Fund (RKB”), a U.S. based closed-end real estate investment fund.

• Co-sponsored with Dresdner and Kleinwort Benson Private Banks. Additional placing agents included UBS, EFG and Knight Frank.
• Acquired 20 office buildings consisting of approximately 2 million sq. ft. with a total estimated value of $450 million.
• Placed property financing averaging 70%.
• Achieved and maintained an annual cash dividend of 12%.
• Achieved a before tax IRR of 35.9%.
• Equity capital exceeded $100 million included prominent investors from Middle East, Europe and Far East.
  
  

Corporate Oaks, Washington, D.C. Metropolitan Area

Asset Class: Office Size: 60,000sf Acquired: 2004 Sold: 2005 Annual dividend: 10% est. IRR: 35.9% Loan to value: 65% Purchaser: RKB Fund, RPT

Corporate Point IV, Washington, D.C. Metropolitan Area

Asset Class: Office Park Size: 80,000sf Acquired: 2002 Sold: 2005 Annual dividend: 12% est. IRR: 35.9% Loan to value: 75% Purchaser: RKB Fund, RPT

Lakeside Park, Washington, D.C. Metropolitan Area

Asset Class: Office Park Size: 175,000sf Acquired: 2003 Sold: 2005 Annual dividend: 10% est. IRR: 35.9% Loan to value: 75% Purchaser: RKB Fund, RPT

Pender Business Park, Washington, D.C. Metropolitan Area

Asset Class: Office Park Size: 175,000sf Acquired: 2003 Sold: 2005 Annual dividend: 10% est. IRR: 35.9% Loan to value: 75% Purchaser: RKB Fund, RPT