Announcement of Land Sale

HBNG Holborn Group announces that the RGF Real Estate Fund L.P. has sold the entire 40 acre State Crown Centre lands. The closing occurred on March 16, 2016.

Commenting, John D’Angelo, HBNG CEO said: “While not part of our core strategy, these lands yielded a significant return to investors. We believe this will also prove to be a good investment for the purchaser.”