Flagship Capital Partners, LLC - Investment Real Estate Specialists

Flagship Capital Partners with Dominion Realty Partners to Build Eco-Friendly Building
August 25, 2008

Flagship Capital Partners with Dominion Realty Partners to Build Eco-Friendly Building
for Genworth Mortgage Insurance Corporation

Raleigh, N.C., August 25, 2008 -- Dominion Realty Partners, LLC announced they are to break ground on the development of The Genworth Building, a 134,152 square foot eco-friendly building
to serve as the headquarters for Genworth’s mortgage insurance business, a division of Genworth Financial, Inc.

This deal has been 18 months in the making and when completed on October 1, 2009, Genworth, which currently employs approximately 600 people in the North Raleigh area, will be moving both its international division headquarters and U.S. mortgage insurance headquarters to the new six-story, LEED registered, 134,152 square foot building with a four (4) story parking deck on a very wooded site.

Dominion Realty Partners has registered this project with the U.S. Green Building Council (USGBC) and, upon completion, aims for Silver certification from the USGBC Leadership in Energy and Environmental Design (LEED) program. LEED is a green building rating system that has been developed by the U.S. Green Building Council. Its purpose is to encourage and accelerate the global adoption of sustainable green building and development practices through the creation and implementation of universally understood and accepted tools and performance criteria.
In addition to the desirable location and amenities such as covered parking and outdoor seating areas for employees, this new “green” building and will boast a number of energy-efficient features and eco-friendly materials. Genworth intends to continue Dominion’s greening process by pursuing an additional LEED certification for the interior of the building and has engaged BHDP Architecture out of Cincinnati, Ohio for that purpose.

Sarah Bagby, Domestic Real Estate Manager for Genworth Financial, Inc. commented, "Genworth is committed to its employees, the Raleigh community and, as a global company, to the environment as a whole. The site was chosen for its location, its green characteristics, and for Dominion's integrity and shared commitment to these values."

Andy Andrews, president and CEO of Dominion Realty Partners stated, "We are pleased that Genworth has selected Dominion as the developer of its high-performance LEED-registered building."

“We are also excited about partnering with Flagship Capital Partners to bring a quality real estate deal of this magnitude to the Six Forks area of Raleigh.”

Genworth is currently housed on Six Forks Road, two miles south of the new facility being developed by Dominion. The Genworth Building will be located adjacent to the Forum Office Park on the corner of Monument Lane and Six Forks Road. The location will provide easy access to Interstate 540, and is convenient to the larger Raleigh-Durham metropolitan area.
Dominion will begin primary construction with a groundbreaking ceremony to be held September 25, 2008 and anticipates completion of the building September 2009 with full occupancy by October 1, 2009.

Dominion extends appreciation to the lenders, partners and communities it serves, as well as the staff of the City of Raleigh for its efforts in helping with this project, and Colliers Pinkard who represented Genworth Financial in this transaction.

The building construction team consists of MSTSD Architects of Atlanta, Georgia, Choate Construction, and Piedmont Land Design (Civil Engineer), Hal Worth with DLTB of Raleigh provided the financing through M&I Bank.

About Dominion Realty Partners, LLC
Dominion Realty Partners, LLC is a full-service real estate organization providing development, management, leasing, acquisition and investment services. Collectively, the Dominion Realty team of professionals brings more than five decades of real estate experience in handling quality, environmentally friendly commercial and residential transactions in the Southeastern and mid-Atlantic United States. Its business segments include urban mixed-use, office, multi-family and property management and leasing. Dominion Realty is based in Raleigh, North Carolina, with offices also in Richmond, Virginia and Charlotte, North Carolina. For more information about Dominion Realty Partners, please visit our web site at www.dominionrealtypartnersllc.com.

About Genworth Financial
Genworth Mortgage Insurance Corporation is a subsidiary of Genworth Financial, Inc. (NYSE: GNW), a leading publicly traded Fortune 500 global financial services company. Genworth has $114 billion in assets and employs approximately 7,000 people in 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of over 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit www.genworth.com.

About Flagship Capital Partners, LLC
Flagship Capital Partners, LLC is a Charlotte, North Carolina based real estate investment company focusing on the acquisition of income-producing real estate in the United States. The Firm is a leader in creating innovative deal structures that are tailored to the needs of private real estate investors. For more information visit www.flagshipcapital.com.

Source: Dominion Realty Partners, LLC

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Flagship Capital Partners, LLC is a private real estate firm specializing in investment real estate. Having completed approximately $450 million in transaction volume since February 2005, our primary emphasis is on acquisition and management of income-producing real estate in the United States with a focus on office and medial office properties. Flagship Capital Partners is a leader in creating innovative deal structures to meet the needs of private real estate investors.