LARKSPUR, CA--(MARKET WIRE)--Oct 2, 2008 -- LRG Capital Real Estate Ventures, a subsidiary of LRG Capital Group, is pleased to announce that the LRG Capital Real Estate Partners I Fund has acquired 505 A San Marin Drive, a commercial office building in Novato, California just minutes away from US Highway 101. The purchase was completed at the price of $220 per square foot. The highly visible, well-maintained building has a classic California redwood and cedar exterior, a corner location and hill views. The three-story structure comprises 19,577 square feet of elevator served offices, ample parking spaces and manicured grounds. The property is occupied by a solid mix of professional and medical tenants.

"This is a well-leased, high-quality asset that complements our growing portfolio of office and mixed use properties in the desirable suburban market of Marin County," said Lawrence Goldfarb, CEO and founder of LRG Capital Group. "With its secure cash flow and potential for capital appreciation, we expect this core and stable property to enhance the overall performance of our portfolio."

The LRG Capital Real Estate Partners I Fund primarily makes direct, intermediate term equity investments in commercial properties located in or near California's premier cities and, to a lesser extent, development and rehabilitation projects for office, retail, multi-family, industrial and mixed-use properties. The Fund is co-managed by Evan Kraus, Executive Vice President of LRG Capital Group, Lawrence Goldfarb, CEO of LRG Capital Group, Geoffrey Koblick, a seasoned real estate investor who has been active in California commercial real estate for over 23 years, and Richard Hall, a respected commercial real estate manager and investor since 1999.

The 505 A San Marin Drive office building joins other commercial and mixed-use properties in the LRG Capital Real Estate Partners I Fund's portfolio including 384 Bel Marin Keys Blvd, Novato, California, 220 Canal Street, San Rafael, California and 125 E. Sir Francis Drake Boulevard, Larkspur, California.

About LRG Capital Real Estate Ventures

LRG Capital Real Estate Ventures invests in and advises on a wide range of equity financing solutions, from joint ventures with operating and development sponsors to direct investments in a variety of commercial real estate properties. LRG Capital Real Estate Ventures owns domestic and international real estate assets through real estate securities and direct participation with a market capitalization in excess of $1 billion.

About LRG Capital Group

LRG Capital Group (www.lrgcapital.com) is a global investment, banking and advisory boutique that focuses on public and private companies in the technology, life sciences, hospitality, real estate and entertainment sectors. Founded by Lawrence Goldfarb, the firm provides capital via private equity, commercial loans and structured debt financing, and guides and advises clients on mergers and acquisitions, corporate finance and other strategic alternatives. Based in San Francisco with offices in New York and Miami, LRG Capital excels at relationship-focused guidance and financing.

This release contains forward-looking statements relating to the business and financial outlook of LRG Capital Real Estate Ventures I Fund that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the offering documents of LRG Capital Real Estate Ventures I Fund. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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