According to finger Companies President MarvyFinger, his company and HMC joined together toinvest in new and redeveloped multi-family luxuryreal estate projects.

Finger said he had been pursuing HMC for a longtime and was glad they had finally agreed to thejoint venture. He said the ad was placed becausehe thought it was a good time to let people knowabout the partnership.

The Aeneas Group regularly invests in realestate, and it was failed real estate investmentswhich caused the Aeneas fund to lose 20 percent ofits value in 1991.

The partnership is operational and has alreadydone a few deals in areas Finger termed"up-scale."

"We already have developments in Miami andAtlanta and our third is in Downers Grove inChicago," Finger said. "There are no geographicconstraints on what localities the partnership caninvest in."

Decisions on the locations of futureacquisitions will be determined after consideringthe venture's internal yield goals, Finger said.

Steven Clark, who heads HMC's real estatedivision, did not return phone calls requestinginformation on the partnership yesterday. ButScott Sperling, the Aeneas Group director,confirmed that HMC was part of the venture

This story was compiled in part using wiredispatches