Miami, Florida – October 6, 2008 –

Marshall Smith, Executive Vice President for Thomas D. Wood and Company, secured financing in the amount of $7,200,000 for the Forest Ridge Shopping Center in Asheville, North Carolina.  The loan was financed through one of Thomas D. Wood and Company’s correspondent life insurance companies at a permanent fixed-rate of 6.25%.  The fully-amortizing loan has a 15-year term and amortization, and a loan-to-value of 42%.  The Wal-Mart-anchored shopping center is currently 164,672 square feet, and Wal-Mart plans to add a grocery component to their existing store by expanding their space by 40,000 square feet.  Forest Ridge Shopping Center is also home to major tenants Radio Shack and Subway, and is located at 1636 Hendersonville Road, Asheville, North Carolina.

Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast.  Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance  companies.  Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars.  This servicing portfolio consists of long-term mortgages on a variety of commercial  properties located throughout the state of Florida.  These properties include: Retail, Industrial,  Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks.  Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch  offices located at 1215 Louisiana Avenue, Suite 100,  Winter Park, Florida 32789, 6802 Honeysuckle Trail,  Lakewood Ranch, Florida  34202, 1000 Corporate Dr., Ste. 100, Ft. Lauderdale, Florida 33309 and 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629.  The website may be accessed through www.tdwood.com.

Marshall Smith          (305) 447-7820        msmith@tdwood.com

Jessica Gurtowski      (407) 937-0470       jgurtowski@tdwood.com

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