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October 25, 2007

The Schuster Group

The Schuster Group, a Seattle-based real estate development and investment firm, said it will create a $100 million real estate investment fund. Schuster Realty Partners is expected to grow into $1 billion worth of real estate assets. The Schuster Group's current real estate investment fund, Diversified Property Inc. LLC, started out as a $15 million investment fund and now contains about $250 million in real property assets. Schuster's projects include Mosler Lofts condos in Seattle, Normandy Park Towne Center, and Holmes Harbor Golf and Beach Club on South Whidbey Island. Jeff Feinstein will serve as vice chairman of Schuster Capital Management, the private equity division of The Schuster Group. Feinstein has been an investor and advisor to The Schuster Group.




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