Contact: Erik Darmstetter 210-403-3916 – July 23, 2008

San Antonio, TX — Monday June 23rd, Brass Real Estate Funds sold the building at 4202 Dividend. The building is approximately fifteen years old and contains 24,376 square feet, 10,476 square feet is office space and the remaining 13,900 is warehouse and manufacturing space. The Dividend building is now owned by Kennedy Wire Rope & String. Kennedy plans to occupy the project once its current occupant, Leisure Pools, vacates later this year.

The Dividend building was part of the Brass Real Estate fund that originally included The John Smith building, which sold last year, and The Atrium Building on Northeast Loop 410, which is currently the last building left in the Fund. The Atrium is 88% occupied and not on the market for sale at this time.

About Brass Funds

The Brass Real Estate Fund Management Group provides value-added opportunities to our investor partners. The Group sources investment opportunities, creates value through our return enhancement operations, and harvests that value through an established exit strategy put in place at the time of property acquisition. The Brass Real Estate Fund Management Group offers co-investor partnership opportunities to our clients.

Brass Real Estate Funds are the vehicles through which private and institutional clients invest in Real Estate. All Brass Funds are serviced by the Magi Group of Real Estate Service Companies. Each fund is a Limited Partnership of which Rick Rodriguez is General Partner.

About Magi Real Estate Services

Magi Real Estate Services provide acquisition, leasing, property management, and construction services for Brass Real Estate funds and other non Brass properties. Magi was founded in 1991 by CEO Rick Rodriguez. For more information, visit www.magirealestate.com.