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NORTHLAND INVESTMENT CORPORATION ACQUIRES RIVER BIRCH PHASE II APARTMENTS

03.10.2008, Newton, MA - Northland Investment Corporation announced today that the firm has acquired River Birch Phase II Apartments, located in Charlotte, North Carolina. Brokered by Blake Okland at Apartment Realty Advisors, the acquisition of Riverbirch II brings Northland’s multifamily portfolio to more than 13,000 units.

Constructed in 2002, Riverbirch II contains 184 units in a low density 24.5 acre setting. Apartment features include nine foot ceilings, wood burning fireplaces, ceiling fans, and washer and dryer hookups. Community amenities include an elegant clubhouse, a resort-style swimming pool, volleyball court, business center, 24-hour fitness facility and dry sauna.

“We are extremely interested in the information technology growth markets, and River Birch II represents an attractive addition to our North Carolina portfolio,” said Lawrence R. Gottesdiener, Chairman of the Board, Northland Investment Corporation. “Continuing Northland’s growth, River Birch is the firm’s seventh acquisition in the last two months.”

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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