The Securities House K.S.C.C. purchases Coast Guard Headquarters Building for approximately $100 mil

Washington D.C., January 30, 2004 - The Securities House, K.S.C.C. announced today the purchase, by an affiliate, of the Transpoint Building, a 528,588 square foot, seven story office building leased approximately 100% to the United States Coast Guard. The property, which serves as the Coast Guard headquarters, is located at Buzzard's Point on the Anacostia River in Washington , D.C. , adjacent to Fort McNair and the National Defense University . Tishman Speyer Properties will serve as property manager and leasing agent for the building and Washington Investment Partners will act as asset manager.

 "We are delighted with the successful acquisition of the Transpoint Building . We look forward to serving the needs of our tenant, the U.S. Coast Guard, for many years to come and to providing our partners and investors with an attractive return on their investment," said Ayman Boodai, Chairman of The Securities House.

Global Securities House, Ltd., a Kuwait-based real estate advisory subsidiary of The Securities House and Arch Street Capital Advisors, L.L.C., a Greenwich, CT-based real estate advisory firm 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.