October 22, 2007
Festival Retail Fund 1, L.P. Acquires Second High-End Retail Building in Beverly Hills
Sixth acquisition of 2007 with the purchase of the Banana Republic Building in Beverly Hills, Calif. for $30 million

September 28, 2007
Festival Retail Fund 1, L.P. Purchases Two Maui Retail Properties For $28.5 Million
Fourth and fifth properties of 2007 with the purchase of the Fairway Shops at Kaanapali and the Napili Plaza in West Maui, Hawaii for a combined $28.5 million

July 25, 2007
Festival Retail Fund 1, L.P. Purchases Flagship San Francisco Retail Building
240 Post Street building Acquired for $70 Million

February 28, 2007
Festival Retail Fund 1, L.P. Purchases Garin Ranch Retail Center
Mixed-Use Development in Contra Costa County, California Acquired for $22 Million

January 19, 2007
Festival Retail Fund 1, L.P. Acquires First Asset
Rodeo Drive Gucci Building Purchased for $40 Million