Rockbridge Capital Announces $9,100,000 Stretch-First Mortage to Construct Hilton Garden Inn in Tinl

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. October 14, 2008

COLUMBUS, OH, July 6, 2005. Columbus, Ohio-based RockBridge Capital, LLC ("RockBridge") today announced the closing of a $9,100,000 stretch-first mortgage to finance construction of the 117-room Hilton Garden Inn in Tinley Park, Illinois.

The Hilton Garden Inn is under construction in the rapidly growing south Chicago suburb of Tinley Park, where there is over 2 million square feet of Class A office space and more than 6 million square feet of industrial / flex space. In addition to these significant lodging demand generators, the Tinley Park Convention Center, with approximately 500,000 attendees forecast in 2004, will provide a substantial amount of business to the Hilton Garden Inn. There is a significant level of overflow demand from the Holiday Inn Select in Tinley Park, the area's convention hotel that is owned by the Sponsor of this investment.

The Hilton Garden Inn will be a first-class, select-service property with approximately 1,725 square feet of meeting space, a business center, an indoor swimming pool and spa, and amenities such as high-speed Internet access and an in-room refrigerator and microwave. This hotel is flanked by three restaurant sites, including one that was recently improved with a Texas Roadhouse, enhancing the long-term appeal of the Hilton Garden Inn.

The sponsor is locally-based Mid-Continent Development & Construction ("MCDC"), a vertically integrated real estate firm with over 20 years of hotel ownership and management experience. MCDC has built an impressive reputation as a leading real estate developer and operator, and the firm has won numerous awards for product quality and guest satisfaction. The Hilton Garden Inn represents the first transaction between RockBridge and MCD, establishing a new relationship through the financing of a promising development. Commenting on the transaction, James T. Merkel, Managing Director with RockBridge indicated, "The Sponsor's demonstrated real estate expertise, the strength of the Hilton Garden Inn brand, and the long-term outlook of the local lodging market provide strong support for this project." Merkel went on to explain, "We are optimistic that new development of selected brands is supported in many markets throughout the U.S."

Based in Columbus, Ohio, RockBridge provides capital to the real estate industry through the RockBridge Real Estate Funds. Since 1993, the principals of RockBridge have formed and managed six (6) closed-end real estate funds with both institutional and high net worth investors. RockBridge makes first mortgage, mezzanine, preferred equity, and equity investments, primarily in the hotel sector. Since 1993, the RockBridge team has invested over $550 million in more than 250 assets nationwide, with aggregate transaction capitalization exceeding $3.5 billion. For additional investment and financing opportunities available through RockBridge Capital, contact James T. Merkel at (614) 246-2505.