PPM Pacific Imperial Mines Inc

Harbert United States Real Estate Fund V ("HUSREF V") announces its most recent
disposition marking the first exit in Fund V. Bethesda, MD-based ASB Real Estate
Investments has purchased 989 Market Street, a 111,497-square-foot class A
office building, through ASB's Allegiance Real Estate Fund, a $3.5 billion core
vehicle. At a price of $61.25mm, the sale resulted in a 50% IRR and 1.9x
multiple to HUSREF V. The sales price equates to a pro forma year 1 cap rate of
4.2% and price per square foot of $550. 


"Following the successful execution of our business plan ahead of schedule, we
are excited to have closed the sale of 989 Market Street in the dynamic
mid-market submarket of San Francisco," said Jon-Paul Momsen, Vice President and
Senior Managing Director for HUSREF V. "The sale marks the first exit from
Harbert U.S. Real Estate Fund V, generating strong initial returns for our
investors." 


HUSREF V announced its final close in June, bringing in new equity commitments
in excess of its $400 million fund cap. 


About Harbert Management Corporation 
HMC, an alternative asset management firm with approximately $4.0 billion in
assets under management as of July 1, 2014. Included in the Firm's AUM is
approximately $1.5 billion in committed equity across its U.S. and European Real
Estate funds. HMC serves foundations and endowments, fund of funds, pension
funds, financial institutions, insurance companies, family offices, and high net
worth individuals across multiple asset classes. Investment strategies include
European and US real estate, venture capital, mezzanine debt, European private
debt strategies, independent power, US and Australian private equity, and public
securities. Additional information about HMC can be found at www.harbert.net.


Not an offer or solicitation: Harbert United States Real Estate Fund V, L.P.,
("HUSREF V" or the "Fund") is closed to new investors and is no longer accepting
commitments. This report is designed for information purposes only and does not
constitute an offer to sell, or a solicitation of an offer to buy, interests in
the Fund. Offers were only made by the Fund's Private Placement Memorandum
("PPM") to qualified investors, while in subscription, and where permitted by
law.  



FOR FURTHER INFORMATION PLEASE CONTACT: 

Contact Information:
Harbert Management Corporation
2100 Third Avenue North
Birmingham, AL 35203 
Bill Wos
Tel: 205 987 5589
Email: bwos@harbert.net

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