PRESS RELEASE

May 27, 2010
For more information, contact:
Neil Efron
561-966-0070, ext. 15

Noble Properties closes on Free-Standing CVS in South Miami

May 27, 2010, GREENACRES, FLORIDA – Noble Properties closed today on a free-standing CVS in South Miami. The property is subject to a long term lease with about 17 years remaining on the lease. The lease is completely triple NNN with no management responsibilities whatsoever.

The CVS is located in South Miami in a fast growing market that is well positioned to accommodate the future growth in the market. The sale was an all cash transaction with no financing contingency and with a 30 day due diligence followed by an immediate closing.
Noble Properties is a South Florida based owner with over 3,000,000 square feet of retail and medical office space, including 17 single tenant triple net properties. They are actively seeking to acquire shopping centers and medical office buildings throughout the Southeast, Southwest and Mid-Atlantic regions. The primary focus for retail is on food anchored centers in major metro areas with at least 50,000 people in a 3 mile radius. The focus for medical office is for deals at least 30,000 square feet in major metro areas and located either on the campus of a hospital or near one or more major hospitals.