CPI IQ Real Return ETF

ITEM 1.01. ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On November 21, 2007, Capital Properties, Inc. (the “Registrant”) entered into a Purchase Agreement (the “Purchase Agreement”) with David L. Golden (the “Seller”) of Providence, Rhode Island to purchase certain real property designated as Plat No. 10, Lot Nos. 37, 38, 39, 43 and a partial interest in Lot No. 44, including all buildings, improvements and fixtures thereon (the “Property”). The Property is generally located at the corner of Canal Street and Steeple Street in Providence, Rhode Island and is adjacent to Lot 708 which is already owned by the Registrant. The purchase price for the Property is $2,300,000 to be paid in cash at closing. The closing for the purchase of the Property will take place no later than December 28, 2007.