Brookwood Financial Partners, L.P. Announces the Sale of Park Centre in Miami, Florida.

BEVERLY, Mass. -- Brookwood Financial Partners, L.P. ("Brookwood") announced that its affiliate, Brookwood Park Centre Investors Limited Partnership, has sold Park Centre for $16,427,000.

Park Centre is a 132,843 net rentable square foot mixed-use office/retail property located in Miami, Florida. The property consists of two, single-story concrete block and stucco buildings of approximately 66,400 square feet each. The property is currently 91% leased. Brookwood acquired the buildings, and adjacent vacant land, in 1998 and 1999 for an aggregate purchase price of $7,750,000.

The property is located immediately off the 12th Avenue exit of the Palmetto Expressway approximately one quarter of a mile west of the Golden Glades Interchange. "Given the easy access and high visibility of the property and the strength of the Miami market, we recently renewed the lease with CompUSA and have welcomed Peter Glenn Ski & Sport to the property," said Kurt M. Zernich, Managing Director of Brookwood. Other tenants include Subway, CareMax Medical Resources, a division of Maxim Healthcare Services, Inc., SICC USA and Koning Restaurants.

"We have been an active player in the South Florida real estate market and continue to seek investments in commercial properties in the area," continued Mr. Zernich. "However, given the abundance of capital chasing deals, we have been a net seller over the last few years." Park Centre is the eighth property sold by Brookwood in South Florida since the beginning of 2004.

Chris Lee of CB Richard Ellis represented Brookwood Park Centre Investors Limited Partnership in the transaction. The purchasers were affiliates of Mariner Asset Management, LLC.

About Brookwood - Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies. Since 1993, Brookwood has acquired 38 properties totaling approximately 5.5 million square feet of office, retail and research & development space as well as 143 hotel rooms, 138 condominium units and 572 apartments units. Brookwood's real estate assets are located throughout the United States including in Florida, California, Arizona, Colorado, Virginia, Georgia, New Jersey, Maryland, Texas and Massachusetts. In addition, Brookwood has invested in eight private companies in the wireless telecommunications, restaurant, software and outsourcing industries. Brookwood has invested over $300 million in equity to acquire assets with a realized and unrealized value of approximately $1 billion.