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JTL Capital Closes on 1,215 Acre Property Near Biloxi, Mississippi

March 15, 2007

Dallas-based JTL Capital, LLC announced today that it has closed on its acquisition of 1,215 acres of prime development land near Biloxi, Mississippi.  The property, located at the junction of new Highway 67 and Highway 15, was acquired in partnership with Miller Funding of Cruger, Mississippi.  The property is located in Harrison County and is zoned for up to 7,200 residential units and 2,000,000 square feet of commercial and retail.

JTL has engaged Good Fulton & Farrell of Dallas for a land plan that will include retail, medical office, single family and multifamily uses.  In the wake of Hurricane Katrina, much of the redevelopment of the Mississippi Gulf Coast has been moving north of Interstate 10, which puts this project directly in the path of logical growth and rebuilding.  The site also lies within the GO Zone, a State program created after Katrina to encourage redevelopment in the 6 counties along coastal Mississippi that were most affected by the hurricane.  Incentives of this program include tax abatements, special financing, and accelerated depreciation.

Founded in 1999, JTL Capital, LLC is a closely held, private real estate investment and development company based in Dallas, Texas.  JTL invests directly in buildings, land, leaseholds, mortgages and other real estate interests and employs a value-enhancement strategy to generate attractive risk-adjusted returns for the company and its investors.

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