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Waveland Ventures Closes New Market Opportunity Fund (February 2006)

MILWAUKEE, WISCONSIN - Waveland Ventures is pleased to announce the successful closing of its New Market Opportunity Fund . The fund was raised in order to allow Waveland to pursue commercial real estate transactions where it can utilize New Markets Tax Credits as a source of equity capital for those transactions. It is expected that Waveland will partner with local developers in respective geographies where the fund managers pursue transactions. By definition, all of the targeted transactions will bring needed investment capital to low and moderate income areas.

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