The Cambay Group, Inc. is a skilled and successful real estate firm with a focus on development and investment opportunities in California. It is a wholly-owned subsidiary of the British Isles-based Somerston Holdings Limited, a privately owned investment group whose origins date back to the 1850s. Somerston <http://www.somerston.com> is active around the world in the acquisition, development, management, and asset enhancement of commercial and residential real estate. Consistent with the philosophy of its parent group, Cambay continues to cherish the entrepreneurial drive that led to its creation. This drive, combined with a lean management structure, a substantial capital base and a long term investment horizon, enables Cambay to take advantage of opportunities that its more constrained listed and private equity peers find difficult to accommodate. Cambay has been an early entrant into new and innovative classes of real estate and has built a reputation for being fast acting and prof