UNITED DEVELOPMENT

Fort Worth, Texas -- September 26, 2007 -- United Development Co. (UDC), a privately held international real estate investment and development company headquartered in the Netherlands, has acquired majority interest in Fort Worth, Tx. - based N3. Tim Berry, a principal of N3, and Biff McGuire, CEO of United Development Co. confirmed closing of the deal which gives UDC controlling interest in N3, also a private company. McGuire said that N3 will continue to operate its successful model as a nationallyrecognized developer of credit tenant net lease sites for high profile retailers. Since its start in 2003, N3 has built quite a niche for itself while winning the confidence and repeat business from a number of powerhouse retailers including Chase Bank, Starbucks Coffee and Panera Bread. As a credit tenant net lease developer, N3 owns the land and building, which they construct to the retailer's specifications. A full service construction division is also part of N3 and is included in the..

Also known as: United Development Co., United Investment, United Investment Company, United Investment Company B.V.