ORIX-JDH Capital Venture Breaks Ground
in Myrtle Beach for Retail Center

CHICAGO, IL (July 19, 2007) – A joint venture between Chicago-based ORIX Real Estate Capital, Inc. and Charlotte, North Carolina-based JDH Capital has started construction on Forestbrook Village, a grocery-anchored retail development located in Myrtle Beach, South Carolina, said David R. Brown, president and chief executive officer of ORIX Real Estate Capital. The project, scheduled to open next January, is expected to cost nearly $18 million.

The property will consist of a 64,928-square-foot building anchored by Food Lion, which has leased 34,928 square feet. There will also be a free-standing, 12,900-square-foot building that the venture will build to suit for a single tenant, plus four additional outparcels available for sale, build-to-suit or lease.

Forestbrook Village, situated at the intersection of Highway 501 and Forestbrook Road, borders several established residential neighborhoods. Less than a mile south of the property is Highway 31, a fast-developing area east of the Intracoastal Waterway with numerous new residential communities. Forestbrook Village also offers outstanding visibility to the tens of thousands of vehicles using the roadways adjacent to the property every day.

“Myrtle Beach is thriving, and this center is well-positioned to meet the community’s demand for additional retail,” said Brown. “We’re very pleased to partner with JDH on this development.”

Overseeing the project for ORIX Real Estate Capital are Kurt Pairitz, executive vice president-development; Greg Fordon, senior vice president-development; and Gina Fechheimer, associate-development.

The exclusive leasing agent for Forestbrook Village is Lain McNeill of Sperry Van Ness Tradd Commercial. The architect is Charlotte-based RBA Group, and the general contractor is Winston-Salem-based John S. Clark Company.

Chicago-based ORIX Real Estate Capital, Inc. develops, acquires, finances and manages real estate properties in the United States. In addition, ORIX syndicates real estate investments through its tenant-in-common program. The company is a subsidiary of Dallas-based ORIX USA, whose parent company is ORIX Corporation, a Tokyo-based integrated financial services company with more than $70 billion in assets and operations in 23 countries. For more information about ORIX Real Estate Capital’s capabilities, to view recent transactions, and to obtain contact information, visit www.orix.com.