SERVANT INVESTMENTS, LLC FORMS ALLIANCE WITH
CORNERSTONE REAL ESTATE FUNDS

(ORLANDO, FL) July 22, 2008 – Servant Investments, LLC (“Servant”) is pleased to announce a strategic alliance with Cornerstone Real Estate Funds (“Cornerstone”).  Cornerstone will provide Servant with equity to invest in a variety of real estate opportunities, including restaurant, self storage, and other net-lease related assets. Also a part of the alliance is Servant Healthcare Investments, which will provide Cornerstone with real estate acquisition and portfolio management services in connection with senior housing and medical related properties.  Cornerstone raises its capital through Real Estate Investment Trusts (“REITS”) utilizing an extensive network of financial advisors.  The company’s desire was to diversify the product type available in the REIT while offering an attractive annual yield, along with growth potential. The impact of the new alliance will immediately be felt in the Cornerstone Growth & Income REIT, a non-traded real estate investment trust. Cornerstone actively began selling shares of the REIT in July.
 
At the outset of their alliance discussion, they agreed that combining both companies’ investment strategies would facilitate building a REIT offering that financial advisors have been requesting. “From the beginning, things just made sense,” declared Terry Roussel, CEO of Cornerstone. “The background and experience of Servant’s executive team, in their various sectors, and with REITs, was a key factor in our pursuit of an alliance. The property types that Servant typically focuses on usually offer higher current yields while Cornerstone’s multi-tenant industrial properties are more growth-oriented.  By forming an alliance, both companies are able to stick to their core investment disciplines while creating a product mix that fits the current income and growth potential needs of advisors and their clients.”

Rick Steinberger, Managing Partner of Servant Investments, described the alliance this way, “One of the things that initially drew us to Cornerstone was the similarity we shared in our corporate cultures and the common visions that both companies had developed through the years.  We discovered that by combining our independent business units and mixing the strengths of our product types into the REIT, we were able to bring a very unique product to the marketplace, without either of us diverting from what we do best, staying focused on the asset classes that brought us to where we are today.”
 
For nearly 20 years, Cornerstone Real Estate Funds has been helping individuals and institutions invest in real estate.  The company prides itself on its impressive track record, experienced management team, successful joint ventures and its proprietary Market Driven StrategyTM – a top-down, research-driven approach that helps pinpoint ideal geographic locations for real estate investment. (www.CREfunds.com)

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