Southeast Capital Partners, Inc.

SOUTHEAST CAPITAL PARTNERS' PERIMETER CONDOS UTILIZE INNOVATIVE CONSTRUCTION TECHNIQUE

Tunnel Form Construction Increases Productivity and
Results in Better Quality Homes at The Manhattan

ATLANTA (August 3, 2005) Southeast Capital Partners, developers of Dunwoody's only high rise luxury condominium, The Manhattan, are utilizing the latest construction technique called tunnel forming in the construction of these highly anticipated condominium homes. Touted for its cost effectiveness, productivity and quality benefits, tunnel form construction produces homes with eight inches of solid concrete between the homes, and increases the productivity of the construction process, therefore resulting in a studier, more cost effective final product.

Popularized in Europe, tunnel form is a fast-track method of construction that is well suited to a high rise because it simplifies the entire construction process resulting in higher quality and tighter tolerances. During the tunnel form construction process, a structural tunnel is created by pouring concrete into steel formwork to create the floors and walls. Every day the formwork is moved so that another tunnel can be formed. When a story is completed, the process is repeated on the next floor. The method is fast and cost efficient, which eventually saves weeks from the overall project schedule. The pace of construction on The Manhattan will approach seven floors a month. Tunnel forms also deliver an extremely high quality finish, and provide excellent owner satisfaction, by providing solid concrete walls between units, which are both sound and fire resistant and very energy efficient.

Southeast Capital Partners is working with Total Concrete Structures, the leading builder of mid and high rise residential towers in the Southeast using Outinord tunnel forms, and they have gained that reputation by delivering a simple-to-build, high-quality and ahead-of-schedule structural concrete shell.

Southeast Capital Partners is an Atlanta-based real estate investment company specializing in the ownership and development of rental and for sale multi-family housing. Exclusive sales and marketing is handled by Morris and Raper. For further information please call 770-394-3636 or visit www.themanhattancondos.com.

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