A joint venture between Houston-based Asset Plus Companies and
institutional investors advised by J.P. Morgan Asset Management has
acquired the 250-unit Harbor View Apartments located in Kingwood, a
master-planned community approximately 20 miles northeast of the
Houston CBD.

The recently completed Class A property was purchased out of
foreclosure from Capital One, N.A.

The four-story apartment community features air-conditioned
corridors, elevators and a direct access parking garage. A variety
of floor plans are available, including 1-, 2- and 3-bedroom units.
Asset Plus Companies will begin preparing the property to resume
leasing activity and will officially open a leasing office mid-June.

Kingwood, established in 1970, has over 70,000 residents and is
filled with amenities and conveniences, including 75 miles of
greenbelt trails, 500 acres of parks and nature reserves, two
community sports parks, a large variety of restaurants and shopping
and much more. Major road improvements along U.S. Highway 59 have
made Kingwood one of the most accessible communities in the greater
Houston area.

About Asset Plus Companies

Founded in 1986, Asset Plus Companies is a third-party property
management firm specializing in real estate services for investors,
developers, and owners. The company manages a portfolio of more
than 180 multi-family properties and recently ranked #38 on the NMHC
list of the nation’s 50 largest apartment management companies.

About J.P. Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has approximately
$43.2 billion in real estate and infrastructure assets, as of March
31, 2009. With a 40-year history of successful investing and a staf
f of 361 professionals, J.P. Morgan Asset Management – Global Real A
ssets identifies, analyzes, negotiates, acquires, develops, redevelo
ps, renovates, operates, maintains, finances and sells assets, on be
half of its clients. J.P. Morgan Asset Management's broad investment
capabilities and framework for analyzing opportunities in today's c
omplex real estate and infrastructure markets provide critical insig
hts for its institutional clients in both the public and private mar
kets.