Tuscany Center at Walnut Creek
Lowe acquired this existing, fully leased 81,933-square-foot industrial building along with 19.4 acres entitled for the development of up to three additional buildings in the Tuscany Center at Walnut Creek from McShane Corporation. McShane Corporation is partnering with Lowe in the transaction to maintain an ownership interest and will serve as development manager.

Office Plaza I
This 138,000-square-foot office building in the Inverness Business Park was acquired for Lowe Enterprises Real Estate Income and Growth Partners. The $19.2 million acquisition from US Property Fund GmbH & Co. KG of the four-story building located was the firm’s second 2006 office building purchase in the premier southeast Denver area.

198 Inverness
Lowe acquired this 160,000-square-foot office building in the Inverness Business Park from Qwest Communications on behalf of an investment client.

Office Plaza II
Lowe acquired this 85,000-square-foot office building in the Inverness Business Park for Lowe Enterprises Real Estate Income and Growth Partners. The four-story building, acquired from Alliance Commercial Partners for $13.8 million, is adjacent to a 138,000-squarefoot building Lowe purchased in September. The property is 100 percent leased to top-tier firms including Smith Barney, Comverse Technology, and Newmont USA.

Village Homes
Lowe Enterprises, in joint venture with Homebuilder Capital Solutions (an affiliate of Colorado and Santa Fe Real Estate), has acquired a portfolio of homesand land out of the bankruptcy of award-winning builder, Village Homes of Colorado (VHC) for $21.9 million. The venture acquired approximately two-thirds of VHC’s assets, including 57 partially completed or completed homes, 506 finished lots, 444 unfinished lots and 3.7 acres of undeveloped land. In addition to buying VHC’s land assets at asubstantial discount, Lowe and Homebuilder Capital Solutions acquired the highly regarded Village brand, home plans, field equipment and fully-outfitted sales offices. Operating as new Village Homes entity, Lowe will complete and sell the existing homes, and build and sell the homes on the unfinished lots within the next three years.

Orrington Plaza
Lowe has acquired the Orrington Plaza complex comprised of a 308,695 square foot, 20-story office tower and a 31,357 square foot, two-story retail building. The acquisition of this premier downtown Evanston property from Commonfund Realty and Golub & Company continues Lowe’s expansion in suburban Chicago markets.

Honeytree Apartments
In a joint venture with Intrepid Residential, Lowe Enterprises Investors has acquired The Honey Tree Apartments, a 388-unit apartment community in the premier west side market of Richmond, VA. The joint venture will invest an additional $4.8 million in modernizing and improving the apartment community, set on more than 28 acres.

Hilton Washington
In one of the largest hotel acquisitions in Washington, D.C. history, Lowe Enterprises and Canyon-Johnson Urban Fund purchased from Hilton Hotels Corporation the iconic Hilton Washington hotel near Dupont Circle for $290 million. The new ownership team will invest in excess of $100 million in a top-to-bottom renovation of the legendary hotel that has been the site of prestigious gatherings hosted by U.S. presidents, world leaders and other prominent figures since opening in 1965.

Jefferson Plaza
Lowe has acquired Jefferson Plaza, a 517,305-square-foot office complex in the Crystal City area of Arlington, Va. Lowe acquired the property from Equity Group Investments LLC on behalf of an LEI investment client.

Lido Apartments
On behalf of LEI's client, the Lowe California Community Fund, Lowe has acquired the 100-unit Lido Apartments in Hollywood for $9.4 million. Lowe will immediately undertake significant property improvements to the five-story building including renovating the lobby, upgrading common areas and mechanical systems and new landscaping in the courtyard. Lowe California Community Fund is an investment fund targeting Southern California residential and retail properties.

2652 Long Beach Avenue
Lowe acquired this 266,396-square-foot industrial distribution facility in central Los Angeles on behalf of an LEI investment client. More than $5 million will be invested to improve the facility, including the common areas and office space, and enhance its functionality for food and produce businesses.

Mission Bay
This premier waterfront masterplanned project in San Francisco is fully entitled for development of a six-story, 300,000-square-foot office building. The foundations are already in place providing Lowe the ability to complete the building by early 2008.

San Mateo Office Campus
Lowe Enterprises, in partnership with O’Connor Capital Partners, has acquired the San Mateo Executive Park, a six-building, 270,000-square-foot office campus. Set on the hilltops overlooking the San Francisco Bay, the park is currently vacant allowing the partnership to quickly undertake a comprehensive renovation and have the project ready for occupancy by spring 2008. The plan will require an additional investment of approximately $16 million to modernize the facilities to Class A standards and finishes.