Bill LeBlanc, Asset Capital's President and Chief Operating Officer,
commented, "This acquisition , with passive corporate owners and significant
potential for repositioning, is a perfect example of the assets our company
seeks to acquire.

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About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for
automotive navigation systems, mobile navigation devices and Internet-based
mapping applications. These statements
are based on our current beliefs or expectations and are inherently subject to
various risks and uncertainties, including those set forth under the caption
"Risk Factors" in NAVTEQ's Quarterly Report on Form 10-Q for the quarter ended
June 27, 2004, as filed with the Securities and Exchange Commission.

officially respublika

The
Chicago-based company was founded in 1985 and has approximately 1,500
employees located in over 100 offices in 20 countries . These
forward-looking statements include, but are not limited to, plans, objectives,
expectations and intentions and other statement
contained in this press release that are not historical facts and statements
identified by words such as "expects", "anticipates", "intends", "plans",
"believes ", "seeks", "estimates" or words of similar meaning.
announced today that it has completed the acquisition of a portfolio of four
medical office buildings located in Columbia, Frederick and Timonium, Maryland
for approximately $23.

southernmost southwest

The company is also planning to
release digital map data for large towns and major roads in Croatia and the
three Baltic countries, Estonia, Latvia and Lithuania, over the coming months.
The Maryland medical office portfolio consists of four high-quality,
medical office buildings comprising approximately 220,000 square feet.

lithuania respublika

In Poland, the field researchers have recorded a total of over 13,300
kilometres (km) of roads, including detailed information on the Warsaw area
and approximately 9,000 km of the main roads to neighbouring Germany, Czech
Republic and Slovakia.
The Timonium Medical Center is a 27,675 square foot office building
located in Timonium, a northern suburb of Baltimore in the heart of Baltimore
County.
The Frederick Regional Medical Center is a 31,955 square foot office
building located in the City of Frederick . These risks and uncertainties include,
but are not limited to, changes in interest rates, conditions in the real
estate industry, and the state of the general economy and the local economy in
which our properties are located.

lietuva lietuvos

and other countries. The property provides easy access to residents of the I-83 corridor
including Hunt Valley, Timonium and Towson.

encyclop vilnius

There are also 279 Points of Interest (POIs), offering
useful tips and information on restaurants, hotels, museums and petrol
stations . NAVTEQ does not undertake any obligation to update any
forward-looking statements contained in this document as a result of new
information, future events or otherwise. These statements reflect Asset Capital's current
expectations, and Asset Capital does not undertake to update or revise these
forward-looking statements, even if experience or future changes make it clear
that any projected results expressed or implied in this or other company
statements will not be realized. Furthermore , readers are cautioned that
these statements involve risks and uncertainties, many of which are beyond
Asset Capital's control, which could cause actual results to differ materially
from the forward -looking statements. The Company was formed to continue the investment strategy
employed by the management team at its predecessor entities, which is to
invest in commercial real estate properties and other commercial real estate-
related assets that have the potential for a significant increase in operating
cash flow from the company's hands-on management, leasing, engineering and
capital improvement programs.C.

The capital is Vilnius.

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Asset Capital Corporation Inc. Announces Acquisition of Portfolio of Maryland Medical Office Buildings

The City of Frederick is the
second-largest city in Maryland and has experienced significant population
growth in the past ten years.

About Asset Capital Corporation, Inc.

exclave southernmost

WASHINGTON, Asset Capital Corporation, Inc.

vilnius britannica

7 million. As a result, Asset Capital sees a significant opportunity to
improve the occupancy and performance of this portfolio.
Asset Capital Corporation, Inc.C.

It is bounded on the north by Latvia, on the east and south by Belarus , on the southwest by an exclave of Russia and by Poland, and on the west by the Baltic Sea.

latvia lithuania

Overall , NAVTEQ's field researchers have recorded more than 1,450
kilometres of roads. Columbia is strategically located between Baltimore and
Washington, D.

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The map also contains useful information for those
travelling in Poland with over 1,900 Points of Interest (POIs) in over 46
categories, such as hotels, restaurants, petrol stations and tourist
attractions.

lithuania kilometres

The new map of Slovenia will provide detailed map data for the Ljubljana
area. In addition, our experience with other medical office
buildings increases our ability to focus on the special needs of these
tenants., bounded by Baltimore,
Maryland in the north, Richmond, Virginia in the southwest and Norfolk,
Virginia in the southeast.

lithuania baltic

Field team complete NAVTEQ's first digital map for Poland and Slovenia

CHICAGO, NAVTEQ (NYSE: NVT), a leading
global provider of digital maps for navigation systems and location-based
solutions, is expanding its Eastern European database with the addition of two
more countries.S.
Asset Capital purchased this portfolio from a large, Mid-Atlantic
healthcare provider that had not actively managed or marketed the buildings in
recent years.

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Actual results may differ materially from these expectations due to
changes in global political, economic , business, competitive, market and
regulatory factors.

- From ENCYCLOPDIA BRITANNICA.

northeastern baltic

is a fully -integrated real estate
operating company focused on opportunistically acquiring, redeveloping,
financing , managing and disposing of commercial real estate properties located
primarily in the greater metropolitan Washington, D.

-

kilometres poland

bounded lietuva

NAVTEQ Continues Mapping of Eastern Europe

NAVTEQ creates the digital maps and map content that
power navigation and location-based services solutions around the world.C. Asset Capital has already begun a capital improvement program at the
facilities and expects to spend approximately $5 to $7 million on upgrades and
building improvements to attract quality medical office tenants and stabilize
the occupancy throughout the portfolio.

Building locations are as follows:

* Knoll North I + II -- 5450 + 5500 Knoll North Drive, Columbia, MD
21045
* Frederick Regional Medical Center -- 110 Baughman's Lane, Frederick,
MD 21702
* Timonium Medical Center -- 2205 York Road, Timonium, MD 21093

Safe Harbor Statement
This release may contain forward-looking statements that relate to future
events or performance .

The area is 25,213 square miles (65,301 square kilometres).

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The initial response from the medical office tenants and leasing
brokerage community representing them has been very strong .

latvia vilnius

We believe there
is the potential for significant upside in cash flow and value on this
acquisition .

lithuania baltic

* Due to the complexity of the processes required to compile and integrate
NAVTEQ maps into navigation systems and location-based applications, it may
take up to a year before consumers will have access to these new maps for
their navigation systems.
NAVTEQ is a trademark in the U. The
transaction included the purchase of the Timonium Medical Center, the
Frederick Regional Medical Center, and Knoll North I and Knoll North II in
Columbia, Maryland. with residents who work locally as well as commute to
Baltimore and Washington. The buildings are
all well located and were specifically built-out for medical and medical-
related purposes making them particularly attractive to the medical community."
At closing the portfolio was approximately 30% occupied on short-term
leases.

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This document may include certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
With 92,313 square feet and 67,958 square feet, respectively, Knoll North
I and II are located in the heart of Columbia, Maryland near the intersection
of Routes 29 and 175. marketplace and its
surrounding areas.

Lithuania, officially 'Republic of Lithuania', or in Lithuanian 'Lietuva', or 'Lietuvos Respublika', country of northeastern Europe, the southernmost and largest of the three Baltic states.

officially dia

For the first time, NAVTEQ customers will now have digital map
data for Poland and Slovenia at their disposal*.

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In addition to data for
North America and Western Europe, NAVTEQ already offers map data for the Czech
Republic, Slovakia , Hungary and Greece. Asset Capital focuses its investment activity
in the geographic region including Washington, D.

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In addition the data also includes more than 610
kilometres of the major roads linking Slovenia to neighbouring Italy, Austria,
Croatia and Hungary.

lithuania encyclop

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- - kjjkjk

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