Global Securities House investor clients acquire 400 6th Street, S.W.  

Washington D.C. , January 24, 2005 - Global Securities House announced today the purchase, by an affiliate, of 400 6th Street S.W. , a 128,723 square foot, five story office building leased 100% to the District of Columbia . The property, which serves as the headquarters of the Child and Family Services Agency, is located two blocks east of L'Enfant Plaza in Southwest Washington, D.C. Tishman Speyer Properties will act as property manager and leasing agent for the building. Arch Street Capital Advisors, L.L.C. a Greenwich, CT-based real estate advisory firm, will serve as asset manager.

"We are delighted with the successful acquisition of 400 6th Street , on behalf of our clients," said Fahed Boodai, Managing Director of Global Securities House. "We look forward to serving the needs of our tenant, in support of the Agency's important mission, for many years to come. We hope that our hard work will provide our investor clients and partners with an attractive return on their investment."

Global Securities House, Ltd., a Kuwait-based real estate advisory subsidiary of The Securities House, and Arch Street Capital Advisors, L.L.C., structured and arranged the transaction.
About The Securities House
The Securities House is a publicly traded Kuwait-based financial institution controlling, directly and indirectly through sponsored funds, approximately $1 Billion in assets including institutional quality real estate holdings in the U.S. and Europe .

About Global Securities House
Global Securities House is a subsidiary of The Securities House - Kuwait , and acts as its international investment arm. Global Securities House monitors and advises on all international investments held by its parent company and its clients.