Suntex News.

Suntex Ventures, LLC announces the closing of $25 Million in equity for GP fund, Suntex Waterfront Capital Partners, LP

DALLAS, TEXAS (July 1, 2009)

The principals of Suntex Ventures announced today that it successfully closed the equity offering of its $25 million GP fund, Suntex Waterfront Capital Partners, LP. Suntex Ventures will utilize their equity to establish joint ventures with institutional investors to invest in mixed-use waterfront properties that fit within their new acquisition parameters.

"We are excited about this equity closing." said Johnny Powers, Suntex Partner and CEO, "Our combined resources provide over $500M of buying power, and we are actively seeking out premier waterfront properties with existing cash flow as well as performing marina loans.

Suntex Waterfront Capital Partners, LP generally invests five to ten percent of the equity in each single-asset entity and is actively seeking additional joint venture partners.

About Suntex Ventures

Suntex Ventures is a real estate fund designed to invest in, operate, and own mixed-use waterfront properties including marinas, office, retail, hotel, and other select assets. Based upon proprietary research, experience, and historical success, they are focusing on high-end resort destinations.

For more information on SunTex Ventures, please contact Bryan Redmond at 1- 972-789-1400 or click www.suntexventures.com