DRA Fund VI Announces Pricing of Tender Offer for Interests in DRA/CLP Office LLP.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- DRA DRA Delta Regional Authority DRA Developmental Reading Assessment (educational test) DRA Division of Ratepayer Advocates (California) DRA Data Research Associates DRA Directory and Resource Administrator G&I Fund VI Real Estate Investment Trust ("DRA Fund VI"), an entity advised by DRA Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("DRA"), announced today the pricing terms of the tender offer commenced on May 11, 2007 for any and all of the to be issued limited liability company interests (the "Company Units") in DRA/CLP Office LLP LLP - Lower Layer Protocol (the "Company") that will be owned by holders of common units of limited partnership interest in Colonial Realty Limited Partnership (the "Limited Partners"). DRA Fund VI currently expects to accept for payment all of the Company Units validly tendered by the Limited Partners prior to the Expiration Time Expiration time The time of day by which all exercise notices must be received on the expiration date. Technically, the expiration time is currently 11:59AM on the expiration date, but public holders of option contracts must indicate their desire to exercise no later than 5:30PM on (as defined below), pursuant to the terms of and subject to the satisfaction of the conditions set forth in the Confidential Information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead Statement and Offer to Purchase, dated May 11, 2007 (the "Offer to Purchase"), on or about June 15, 2007. The per unit purchase price per Company Unit is $9.503. The tender offer is scheduled to expire at 11:59 p.m. Eastern Daylight Savings Time, on June 8, 2007, unless extended (the "Expiration Time"). The obligation of the Company to accept for payment and purchase the Company Units in the tender offer remains conditioned on, among other things, the consummation of the sale of Colonial REIT's Company Units to DRA Fund VI, as described in more detail in the Offer to Purchase. Questions regarding the tender offer should be directed to Ms. Diana Tully, (212) 973-3803. This press release does not constitute an offer to buy or the solicitation of an offer to sell any of the Company Units described above. The tender offer is being made pursuant to the Offer to Purchase. About DRA DRA Advisors LLC ("DRA Advisors") is a New York-based registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in specializing in real estate investment services for institutional and private investors, including pension funds, university endowments, foundations and insurance companies. Since 1986 DRA Advisors' focus has been consistent: conservative, value-added real estate investments. The firm currently manages over $8 billion in assets, including 470 individual office, retail, multifamily and industrial properties across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Additional information about DRA Advisors can be found on its website at www.draadvisors.com. Certain statements in this press release, including the ability of DRA to complete the sale of Colonial REIT's Company Units to DRA Fund VI, may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and involve risks uncertainties and other factors that may cause the Company's actual results to differ materially from the information expressed in the Offer to Purchase. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which DRA Fund VI has no control. Such factors include the consummation of the sale of Colonial REIT's Company Units to DRA Fund VI and the other risk factors, all of which are more fully discussed in the Offer to Purchase. The DRA Fund VI undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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