Callahan Capital Partners receives Founders Circle Award
from the National Association of Industrial and Office Properties (NAIOP)

The owner of multiple downtown Denver office properties and developer of
Two Tabor Center recognized for their contributions to the Common Cents Fund

DENVER (February 27, 2008) – Callahan Capital Partners is proud to announce that the company is the recipient of the Founders Circle Award by the local chapter of the National Association of Industrial and Office Properties (NAIOP). The award was presented based on the company’s commitment to the Common Cents Fund, established in 2001 by the NAIOP-Colorado Board of Directors to give property owners and their customers a voice in the public policy issues that affect their ability to conduct business in Colorado. Some of these issues include important concerns such as transportation, land use, quality of life and affordable housing.

“We are very proud to receive this award from NAIOP because of what it represents to our customers and our industry,” said Bill Tresham, Partner and Chief Operating Officer of Callahan Capital Partners. “With the substantial economic impact derived from commercial real estate activity and investment, it is critical that we have a strong and cohesive voice to represent the issues which directly affect our customers and the success of our industry.”

Callahan Capital Partners is a real estate private equity firm focused on creating value in real estate through prudent investment in high-quality office properties throughout the United States and leveraging substantial experience and expertise across the real estate spectrum - from investment, to asset management, to property management. Callahan Capital Partners’ 2.8 million square foot downtown Denver office portfolio includes: Tabor Center, US Bank Tower, 410 Building, Dominion Plaza, and Civic Center Plaza.