The purpose of this Confidential 1031 Exchange Opportunity is to provide a summary of a possible future private investment opportunity that may be made available to a certain limited number of accredited investors. This is not an offer to sell real estate and/or any type of security, partnership interest, public or otherwise.

The contemplated exchange, if made available formally, would provide investors with the opportunity to acquire a partial interest in a 73,343 square foot warehouse/distribution facility located in Cedar Rapids, Iowa. The Cedar Rapids property is 100% net leased to the H.J. Heinz Company, a leader in ketchup, condiments & sauces and has 13 years remaining under a non-cancellable net lease.

Bradley Associates is offfering this property as a potential exchange that represents the size required for a tax-free exchange. This new property has the required debt and equity needed to complete a proper exchange.

The Heinz property is being acquired for $11,369,000. Countrywide is providing first mortgage financing in the amount of $7,400,000. The 7-year mortgage is interest only at a rate of 5.85%.

Heinz is the most global U.S.-based food company, with a world-class portfolio of powerful brands holding number-one and number-two market positions in more than 50 countries. Throughout the world, Heinz is synonymous with ketchup. Each year, Heinz produces more than 1.4 billion bottles of ketchup. The Heinz brand is a $2.5 billion global icon and Heinz's top-15 power brands account for two-thirds of annual sales. Today, Heinz brands are cultural icons to consumers everywhere, symbolizing quality, convenience and great taste.

H.J. Heinz generated approximately $8.6 billion in revenues for fiscal year 2006, and had a net income of over $645 million. Additionally, as of the end of fiscal year 2006, Heinz had total assets of $9.7 billion and shareholder's equity of over $2 billion. Heinz is publicly traded on the NYSE under the ticker symbol HNZ.

More information regarding Heinz may be found by visiting www.heinz.com.