Press Releases

NORTHLAND INVESTMENT CORPORATION PLACES $70M REVOLVING LINE OF CREDIT
In connection with $276 million Northland Portfolio, L.P.

02.19.2008, Newton, MA - Northland Investment Corporation announced today that the firm closed on a $70 million unsecured revolving line of credit, in conjunction with the $276 million Northland Portfolio, L.P. The transaction was financed by Sovereign Bank.

"The execution by Sovereign Bank was outstanding, particularly given the current uncertainty in the capital markets," said David P. Morency, Chief Investment Officer, Northland Investment Corporation. "This facility will allow us to pursue excellent value-add and growth opportunities within the Fund."

About Northland Investment Corporation
Founded in 1970, Northland Investment Corporation is a privately held, fully integrated real estate company focused on the acquisition, development, operation and long-term ownership of commercial real estate throughout the United States. Northland owns a $1.7 billion diversified portfolio of 15 million square feet in nine states. The company is positioned for future growth with a development pipeline in excess of $1.0 billion. For more information on Northland Investment Corporation, visit www.northland.com.

For more information, contact:
Sara Scarborough Graham
617.630.7259
sgraham@northland.com

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