Southeast Capital Partners, Inc.

SOUTHEAST CAPITAL PARTNERS ANNOUNCES
GATEWAY APARTMENTS AT NORTHSIDE VILLAGE

Mixed-use Apartments Now Available for Lease

ATLANTA (October 26, 2004) Southeast Capital Partners, Inc. is pleased to announce Gateway Apartments at Northside Village, adjacent to the Georgia World Congress Center and conveniently located near Centennial Olympic Park, Downtown and Midtown, is now available for lease. Gateway Apartments at Northside Village provides exceptional living and a pedestrian-friendly streetscape for Northside Drive. The apartments are the first phase of Northside Village, a mixed-use development adjacent to Downtown Atlanta.

Gateway Apartments at Northside Village, offers 261 affordable apartment homes, created to provide a walk-able environment to retail stores, city attractions, and restaurants. Located two blocks north of the Georgia World Congress Center and Georgia Aquarium, Gateway Apartments has access to Atlanta's major thoroughfares as well as MARTA. In addition to the convenient location, Gateway Apartments at Northside Village provides housing for all Atlantans. Of the 261 homes, 39 are market rent, 182 are tax credit, and 40 are Housing Choice government-subsidized housing.

Gateway Apartments at Northside Village uses urban architectural details and vibrant colors throughout. Each apartment features an array of amenities, including washer and dryer, honey maple kitchen and bath cabinets, custom ceramic wall tiles with accent tiles in all baths, and stylish lighting throughout.

Northside Village is a 16-acre multi-phase, mixed-use development located at 370-372 Northside Drive in Atlanta's historic English Avenue neighborhood. Phase one, set on five acres, features 261 apartment homes with views of the midtown and downtown skylines and features including, covered parking, a swimming pool, fitness center, club room, playground and walking distance to the MARTA train station, as well as an 8,500 square-foot retail space to serve the local community.

Southeast Capital Partners is an Atlanta-based real estate investment company specializing in the acquisition, ownership and development of rental and for sale multi-family housing. For further information please call 404-880-0110, or visit www.secpartners.com.

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