W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Enterprising Investor]

W2007 GRACE ACQUISITION I, INC. SERIES B AND SERIES C PREFERRED SHARES IRVING, TX (9/17/12)

W2007 Grace Acquisition I, Inc. (the “Company”) today announced that a sister company of the Company has recently acquired approximately 35% of the aggregate amount of issued and outstanding Series B and Series C preferred shares of the Company, which acquired shares remain outstanding. That sister company and its affiliates (including the Company) may also from time to time consider entering into one or more other transaction with respect to the Company, including the acquisition or disposition of securities of, or interests in, the Company(including additional transactions with respect to the Series B and Series C preferred shares of the Company).

The Amended and Restated Charter of W2007 Grace Acquisition I, Inc. is available on the Company’s website, www.equityinns.com, and contains a description of the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock.

http://www.snl.com/Cache/1001168964.PDF?D=&O=PDF&IID=103147&Y=&T=&FID=1001168964