EXHIBIT 99.1

JOINT FILING AGREEMENT

Pursuant to Rule 13(d)-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each  of the undersigned acknowledges and agrees that the foregoing statement on Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements.  Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

This Joint Filing Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute one instrument.

Dated: August 13, 2007

OAKTREE CAPITAL MANAGEMENT, L.P.
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Managing Director and General Counsel
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Vice President
OCM REAL ESTATE OPPORTUNITIES FUND II, L.P.
By:	Oaktree Fund GP II, L.P.
Its:	General Partner
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Authorized Signatory
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Authorized Signatory

OCM REAL ESTATE OPPORTUNITIES FUND III, L.P.
By:	OCM Real Estate Opportunities Fund III GP, LLC
Its:	General Partner
By:	Oaktree Fund GP II, L.P.
Its:	Managing Member
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Authorized Signatory
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Authorized Signatory
OCM REAL ESTATE OPPORTUNITIES FUND IIIA, L.P.
By:	OCM Real Estate Opportunities Fund III GP, LLC
Its:	General Partner
By:	Oaktree Fund GP II, L.P.
Its:	Managing Member
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Authorized Signatory
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Authorized Signatory
OCM REAL ESTATE OPPORTUNITIES FUND III GP, LLC
By:	Oaktree Fund GP II, L.P.
Its:	Managing Member
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Authorized Signatory
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Authorized Signatory

OAKTREE FUND GP II, L.P.
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Authorized Signatory
/s/ Cary A. Kleinman
By:	Cary A. Kleinman
Title:	Authorized Signatory
OAKTREE CAPITAL II, L.P.
By:	OCM Holdings, Inc.
Its:	General Partner
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Sole Director, Vice President and Secretary
/s/ Richard Ting
By:	Richard Ting
Title:	Vice President and Assistant Secretary
OAKTREE HOLDINGS, INC.
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Sole Director, Vice President and Secretary
/s/ Richard Ting
By:	Richard Ting
Title:	Vice President and Assistant Secretary
OAKTREE CAPITAL GROUP, LLC
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Senior Vice President and Secretary
/s/ Richard Ting
By:	Richard Ting
Title:	Vice President and Assistant Secretary

OAKTREE CAPITAL GROUP HOLDINGS, L.P.
By:	Oaktree Capital Group Holdings GP, LLC
Its:	General Partner
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Managing Director and General Counsel
/s/ Richard Ting
By:	Richard Ting
Title:	Senior Vice President
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
/s/ Todd E. Molz
By:	Todd E. Molz
Title:	Managing Director and General Counsel
/s/ Richard Ting
By:	Richard Ting
Title:	Senior Vice President