No matter what your investment strategy, a balanced portfolio should always include real estate or real estate derivatives. But we'd like to do more than help to balance your portfolio. We'd like to make your real estate investments your portfoiio's star performers. Krfez Real Estate Investment, Inc. is a wholly owned subsidiary of the largest interest-free financial house in Turkey, and has the contacts and insight in Turkey and across the GuIf, to ensure that you get the most up-to-date, most accurate information on productive investments. We invite you to put our resources in Turkey to work for you...
A Partner with Knowledge and Foresight: The Starting Points for Secure Profits in Real Estate

Krfez Real Estate Investment, Inc. is a relatively new company, but one with considerable experience. The company was founded in 1996 as a wholly owned subsidiary of Kuwait Turkish Evkaf Finance House (KTEFH), the largest interest-free bank in Turkey, which is itself majority owned by Kuwait Finance House, an institution with total capitalization of US$ 8.5 billion. The strength of our financial and intellectual resources is unquestioned. The goal behind the foundation of Krfez as a separate entity from KTEFH was to take advantage of the considerable opportunities in real estate development in Turkey, for the benefit of the Finance House, of our clients and international investors in the Gulf, and ultimately of the Turkish Republic itself.
If you're considering real estate investment, you know that the sector has a reputation both for outstanding opportunity and sometimes risk. But risk only comes with unwise investments and speculators looking for quick returns on iII-advised projects. Krfez does, of course, look for quick returns as well, and they are the foremost goal of our business, but the opportunities we take are well-thought-out, weII-researched, and based on abundant knowledge and experience.
The key to success in international real estate, quite simply, is quality investments. And the key to making quality investments is knowledge: Knowledge of the country, of the project location, of the real estate sector, the project goals and potential for returns, relevant laws, and target customers. Krfez offers expert timely information and advice on all of these issues. We provide the resources needed to evaluate quickly and accurately everything from the quality of construction, the Iocation's suitability, the potential for appreciation in value, clear title and possible legal incumberments, and the availability of quality tenants with Iong-term leases, in order to secure a steady revenue stream, while at the same time earning you significant capital gains on the property's appreciation in value.
With Krfez, real estate investment is all that it should be. Because we do the research and have the knowledge required to keep the ROl averages high, and the risks low

Risk minimization, profit maximization with secure real estate investments in Turkey.

Krfez Real Estate Investment, Inc. will help you benefit from opportunity when others see only obstacles, or nothing at all. As a wholly owned subsidiary of Kuwait Turkish Evkaf Finance House, we have the financial resources and market connections in Turkey to offer our clients the information needed to make wise and profitable decisions with their money. Our advice when investing in real estate, the most promising investment sector for the near future, is to ensure that you have an experienced, reliable partner that you can trust.
Because yes, there are potential risks in investing in Turkey. But that's part of why return on investment is often well over 15 percent per year..

In developed nations such as those in Western Europe, rates of return on real estate are typically around 1 0 percent. In Turkey, a developing nation which had GDP growth in 2002 of 7.8 percent, they are over 15percent, with many stanbul-based proiects generating significantly higher levels of return. As Turkey continues its rapid development and reform, more and more corporations will look to move their operations here to this, the largest market in the Near East region, and gateway ta both Europe and Asia. The time ta take advantage of those opportunities is now. Due to the current economic climate in Turkey, many real estate opportunities are significantly undervalued and prices are highly attractive. However, we at Krfez know that they will not stay that way for long, and invite you to join us in taking advantage of these remarkable opportunities now.

Get in on the ground floor.

As the real estate market becomes more competitive in Turkey and abroad in coming years, we believe that there may be no better place for your investments than Turkey, gateway to the resources and increasingly important economies of Central Asia and the Middle East, and an EU candidate country. Turkey's largest city, Istanbul, is the 9th largest city in the world, and the only one to span two continents. As Istanbul attracts more investors and companies, so the other large industrial centers of Turkey like Bursa, Izmir and Adana, wilI begin to present attractive real estate opportunities as welI. But, the nature of the real estate business means that these opportunities don't last for long. Access to the resources af KTEFH, which has branches in alI of the major industrial areas in Turkey, 36 in alI with another 7 under construction, and clients and intimate contacts in alI relevant fields, is a great advantage for Krfez Real Estate lnvestments, lnc., making us ideally pasitioned to provide you with timely and reliable informatian about the Turkish property market. We can make our knowledge and experience pay off for you.*

*Krfez is presently in the process of offering to buy promising properties, and wilI soon be offering early investors an opportunity to earn exceptional returns on investments in Turkey. Please calI our Istanbul office at (+90-212) 354-1400 for more information.

EMERGNG MARKETS:

Developing nations, thriving industries,expanding populations, chances for huge returns on investments.But to make money in an emerging market you need to invest in perceived risky
markets,and minimize that risk with knowledge. HOW?

1- Invest in Turkey
Turkey is one of the world's 10 Big Emerging Markets,along with other rising powerhouses including China,India and South Korea.The country is establishing itself as the commercial leader and industrial center of an area stretching from Eastern Europe to Northern Africa and the Middle East.Turkey is also one of only two Islamic countries among those 10.

2- Invest in Real Estate.
The real estate market in Turkey has proven its ability to generate outstanding returns on investment,often more double rates in Western Europe,and that trend looks sure to continue.
Korfez Real Estate nvestment,Inc.,a subsidiary of Kuvvait-Turkish Evkaf Finance House,Turkey's largest Islamic Bank,has the knowledge to earn exceptional returns on secure investments in the Turkish real estate market,and is interested in contacting qualified investors to share those profits with.

THE VIEW FROM INSIDE

Turkey's demographic,economic,and political developments all add up to opportunity.We know that opportunity is in Turkey's Real Estate market , where returns have historically averaged as much as 20 percent per year,especially in the commercial capital Istanbul.Korfez Real Estate's top-notch properties are all rent-generating commercial properties in Istanbul, a city of 15 million people that accounts for 40 percent of Turkey's GNP, and is the world's only city on two continents-Europe and Asia.

Solid Buildings with Solid Credentials-for Solid , Interest-Free Profits

All of Korfez's transactions are interest-free and Sharia compliant.And because we're wholly owned by KTEFH ,Turkey's largest Islamic Bank,who is in turn backed by Kuwait Finance House ,you know we have the market knowledge and financial strength you can trust..Added insurance comes when you know that your investments are in solid buildings, so you're putting your money in real bricks and mortar,not just on paper.Your profit potential expands due to Korfez's and KTEFH 's considerable expertise and the time we've spent studying the market and learning the details of each and every building in the portfolio.

Korfez is offering solid buildings , solidly researched-including location-based appreciation studies ,expert Due Diligence studies,even earthquake survivability studies-to yield solid profits. A 10 percent return per year on your investment is our most conservative projection

If you're interested in this great opportunity,contact us now for a copy of our Private Placement Memorandum (PPM) by emailing info@korfezgayrimenkul.com or call us at (+90) 212 354 14 00

Looking to MAKE Money on a Second Home or Commercial Property in Turkey?

Property Management with Krfez Real Estate,Inc.

In its Property Management capacity, Krfez seeks to address the needs of international property owners,especially those from the Gulf States, who are seeking a reliable partner to maintain and lease their commercial and residential property holdings in Turkey.From tax issues to contracts and rent collection,Krfez will manage all of the matters that a foreign owner or investor,understandably,dosen't want to deal with.Krfez has extensive property management experience,including large facilities in Turkey's most important tourism anb vacation locations,as well as serving as agent for large KTEFH projects such as the Pelican Park resindential project.

Whether you're looking to rent out a second home when you're not there ,what to ensure that a residence or building is well-maintained and occupied by reliable high-worth tenants,or want advisory services on how to operate in the Turkish real estate market ,Krfez is your partner of choice.

Our Property Management Services Include:

Purchasing and Selling Property
- Selecting alternatives for investment
- Valuation and recommendations report
- Marketing
- Transaction,including legal process,payment process and tax issues

Development

- Decoration
- Renovation
- Repairs
- Landscaping
-Security installation

Leasing Property

- Valuation and recommendations report
- Marketing
- Tenant selection recommendation
- Transaction
- Rent contract
- Tenant relations
- Rent collection and forwarding
- Tax issues

Maintenance

- Periodical maintenance of landscaping
- Follow-up and realizing property-related tax payments
- Bill payment
- Property repairs

Advisory Reports

- Valuation
- Best use analysis
- Real estate market analysis(residential,commercial,or general)

Investments,Portfolio Development, and Financial Instruments for Real Estate Investments from Krfez Real Estate Investments,Inc.

Krfez REIT

After a brief preparatory period,Krfez is planning the floatation on the stanbul Stock Exchange of a Real Estate Investment Trust (REIT),with targeted net asset value of US$ 70-80 million.This REIT will provide investors with even greater opportunities to secure returns in the Turkish real estate market,and will give both Turkish and international investors a chance to unlock the value of Krfez's holdings in a liquid,tradable instrument,with significant tax advantages including 0% corporate tax and 0% tax on income from revenue,which allows foreign investors the biggest return on their investments.

REITs allow participants to invest in a professionally-managed portfolio of real estate properties.Because REITs are publicly traded,they carry great advantages for investors in terms of easy,guick access to liquidity , which is not always the case in the real estate sector,where assets may be increasing in value on paper, but difficult to convert when tied up in actual property.REITs which aim to generate steady income from tenants,are designed to pay substantial dividends,and so typically rely upon external funding as their key source of capital .Thus, REITs that have the ability to properly leverage themselves financially usually deliver superior returns.krfez,backed by the financial strength of KTEFH,is ideally positioned for success.

Portfolio Development to Add Value to Your Investments
The prime objective of Portfolio Development at Krfez is to give investors access to the exceptional levels of Internal Rates of Return (IRR) available in Turkey. Turkish real estate development projects typically generate IRR of more than 15 percent, with many projects even generating significantly higher levels of return.
Krfez uses its market expertise and the resources of its affiliates to develop proiects that combine low and cost ratios, minimum pre-financing requirements, rapid sales pace, and where possible, maximum income from reliable, long-term tenants. Krfez focuses on projects with high levels of added value, and high potential for appreciation. Always looking for and creating ways to add value and increase the salability of a project, whether through location choice and value projection, or by keeping abreast of architectural trends and designs, is one of the greatest strengths of Krfez Real Estate lnvestment, lnc., and another reason why we are sure that we can provide the returns our investors are looking for.

Financial Instruments
The function of the Financial Instrurnents Department is to provide investors with secure returns from fixed-income real estate funds as well as from mortgage-based funds. These funds are created by pooling mortgage and property assets acquired by Krfez Real Estate Investment, Inc. ofter thorough evaluation and analysis of their Iong-term earnings potential, and offer investors steady and reliable income on their investments.