Dividend Capital Acquires 167,000 SF Princeton, NJ Office Building

Dividend Capital Total Realty Trust Inc. has acquired a class-A office property located in Princeton, NJ totaling approximately 167,000 square feet. The building is currently 100 percent leased to Novo Nordisk Inc. -- a healthcare company that manufactures and markets diabetes care products worldwide.

The property was developed by Patrinely Group, LLC and owned in a venture between Patrinely Group's parent company, Crimson Capital, Ltd., and USAA Real Estate Company.

"This acquisition presents an opportunity for us to enhance the portfolio's core office holdings with a class-A property in what we believe is a prestigious Northeast market, while simultaneously diversifying the portfolio's tenant base with a large pharmaceutical company," said Guy Arnold, president of Dividend Capital Total Realty Trust Inc. "In addition, the tenant has 13 years remaining on its current triple-net lease, which is guaranteed by its parent company and should generate a dependable long-term cash flow. By entering what we believe is an attractive office market -- with numerous corporate headquarters due to the central location in the Northeast -- we are able to continue to execute our strategy of acquiring high-quality assets at attractive pricing."

Dividend Capital Total Realty Trust Inc., a Denver-based REIT, invests in a diversified portfolio of commercial real estate assets. As of June 30, 2009, the company owned 76 properties totaling approximately 12.5 million square feet in 26 geographic markets.