New Western Acquisitions

Urbana: Home Urbana acquires, renovates and develops Class "A" commercial real estate projects throughout the United States. Urbana's mission is to acquire, develop and operate investment caliber real estate projects and redevelop and renovate projects with the potential to become investment caliber. Targeted investments include office, multi-family, hotel and mixed-use projects. Urbana emphasizes the renovation and redevelopment of real estate properties that are not typically the focus of institutional or local entrepreneurial buyers. Once Urbana has completed the development or redevelopment process, the projects are better suited for a more passive investor such as a pension fund, REIT or insurance company. Targeted investments include the acquisition of fee simple real estate, sub performing mortgages and non-performing mortgages that marshal Urbana's development, management, leasing and workout expertise to create value. Regardless of the fee simple or mortgage interest acquired, the common theme of converting the investment to an institutional quality asset during the holding period is an uncompromised Urbana principle. Urbana actively pursues acquisition opportunities in gateway cities and other select markets throughout the United States. The development and acquisition philosophy is intensely focused on quality, timing, cost and innovative value enhancement. Providing outstanding quality and value to the end user is essential. A key Urbana strategy is to apply programmatic development solutions to real estate assets not operating at their highest and best use and investing in geography's that are fundamentally attractive long-term but perhaps out-of-favor today. Leadership, experience and vision continue to guide Urbana to a superior paradigm of service. Adhering to its tradition of excellence, Urbana provides development and financial solutions to real estate investment through a gifted management team and sound financial backing.

Founded in 1998, Wood Partners is one of the leading developers and builders of properties in Georgia. It undertakes various projects related to property construction, land development and site design. The company maintains several national strategic alliances with local builders. Wood Partners develops a variety of high- and mid-rise complexes, garden-style apartments, high-density gardens, and work force, student and age-restricted housing developments. It also provides services for adaptive reuse, historical adaptations and new urbanism. The company has a team of in-house general contractors and has completed more than 35,000 housing units in Georgia. It operates over 10 offices in Georgia, Texas, Florida, California and Washington, D.C., including one in Marietta, Ga.