PRESS RELEASES

Hines And General Electric Capital Corporation Acquire Marin Technology Center

8/1/2005

(SAN RAFAEL, CALIFORNIA) – The San Francisco office of Hines, the international real estate firm, announced today that it has acquired Marin Technology Center in San Rafael, CA, in partnership with General Electric Capital Corporation. The property was purchased from AMG Realty Partners.

Marin Technology Center is comprised of two, three-story office buildings totaling 455,561 square feet in the San Francisco Bay area. The development was completed in two phases, in 1973 and 1979, and was designed by Page, Clowdsley and Baleix, Architects.

Hines is planning major capital improvements on the complex, which is currently 50% leased to tenants including: GE Capital Assurance; Health Net, Inc.; THX; and Paul Financial. Hines will also provide property management services.

This represents the second asset in San Rafael that Hines currently owns. In June, the firm purchased San Rafael Corporate Center with Sterling American Property, Inc.

Paul Paradis, Hines senior vice president, said, “We are pleased to have significantly increased Hines’ presence in Marin County with this acquisition. Our renovations to the complex will make it an extremely attractive office location for tenants of all sizes. Our plans, in combination with Marin Tech’s critical location and outstanding freeway access and visibility, will provide Marin-based companies with an exceptional choice for their offices.”

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The Hines portfolio of projects completed, underway, acquired and managed for third parties includes more than 800 properties representing over 285 million square feet of office, mixed-use, industrial, hotel, medical, sports facilities and residential properties, as well as large, master-planned communities and land developments. In the San Francisco Bay area, Hines owns and/or manages more than 10 million square feet. With offices in 63 U.S. cities and 13 foreign countries, and controlled assets valued at approximately $11 billion, Hines is one of the largest real estate organizations in the world. Access www.hines.com for more information.