LOS ANGELES--(BUSINESS WIRE)--CB Richard Ellis Investors announced the closing of CB Richard Ellis Strategic Partners U.S. 5, which consists of two limited partnerships, having raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East. The funds are closed to new investors and are expected to have total purchasing power of $6.4 billion including leverage.

With a strategy to purchase, reposition, develop and sell institutional quality real estate in highly rated major metropolitan areas in the United States, Strategic Partners U.S. 5 will execute value and opportunistic investment styles. Strategic Partners U.S. Value 5 will make value-added investments to reposition assets, stabilize moderate levels of vacancy, invest in “controlled risk” development and pursue a portfolio accumulation strategy. Strategic Partners U.S. Opportunity 5 will execute extensive repositioning programs primarily in distressed assets with high levels of vacancy, invest in “early stage” development, acquire and reposition portfolios and invest in operating companies that control high-quality real estate. Both funds will invest in office, multifamily, industrial and retail properties.

“Strategic Partners U.S. 5 is a continuation of the strategy we implemented in our prior U.S. funds that has been adapted to capitalize on the current investment environment,” said Vance Maddocks, Chief Executive Officer of CBRE Investors. “This structure offers greater flexibility to our investors to select the style that best fits their real estate strategy. It also gives our investment team a broader mandate.”

The Strategic Partners U.S. program is part of a global closed-end real estate private equity fund series which has closed 14 funds/investment programs since 2000 with $7.5 billion in committed equity and more than $22 billion in total purchasing power.

About CB Richard Ellis Investors

CB Richard Ellis Investors is a global real estate investment management firm with approximately $42.2 billion in assets under management as of March 31, 2008. The firm sponsors investment programs across the risk/return spectrum for investors worldwide, and during 2007 made $11.7 billion of acquisitions in North America, Europe and Asia and completed $4.8 billion in dispositions.

CB Richard Ellis Investors is an independently operated affiliate of CB Richard Ellis Group, Inc. (NYSE:CBG - News), and harnesses the research, investment sourcing and other resources of the world’s premier, full-service real estate services company for the benefit of its investors. CB Richard Ellis has over 29,000 employees in more than 300 offices worldwide.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995:

CB Richard Ellis Investors is a wholly owned subsidiary of CB Richard Ellis Group, Inc., and certain of the statements in this release regarding CB Richard Ellis Strategic Partners U.S. 5 are forward-looking statements within the meaning of the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the total purchasing power and controlled risk of the fund as well as other risks and uncertainties discussed in CB Richard Ellis Group, Inc.’s filings with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CB Richard Ellis expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CB Richard Ellis does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CB Richard Ellis Investors’ business in general, please refer to the SEC filings of CB Richard Ellis Group, Inc., including its Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2008. Such filings are available publicly and may be obtained off the Company's website at www.cbre.com or upon request from the CB Richard Ellis Investor Relations Department at investorrelations@cbre.com.

CB Richard Ellis Investors
Pam Barnett
Corporate Communications Director
213-683-4368
pbarnett@cbreinvestors.com