CAPABILITIES & EXPERTISE

CBC ADVISORS - ASSET SERVICESTHE TRUSTED CHOICE IN PROPERTY MANAGEMENT

TABLE OF CONTENTS

THE ADVISOR ADVANTAGE CBC ADVISORS AT A GLANCE

PROVEN EXPERIENCE ASSET SERVICES CAPABILITIES

EXPECTED RESULTS PROJECTS & CASE STUDIES

OUR PROMISE SERVICES YOU CAN COUNT ON

THE ADVISORS ADVANTAGE

©2017. Coldwell Banker Commercial Advisors is headquartered in Salt Lake City, Utah with brokerage and management locations in Alaska, Arizona, California, Colorado, Florida, Idaho, Nevada, New York, Texas and Utah. Each office is owned and operated by Coldwell Banker Commercial Advisors – a Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates company. 1.800.750.3133 | info@cbcadvisors.com

FACT SHEET

COLDWELL BANKER COMMERCIAL ADVISORS - the largest Coldwell Banker Commercial operation globally, believes when key decisions are made it isn’t the accolades that make the impression, it’s the relationships fostered along the way. www.CBCadvisors.com

PROFESSIONALS TOTAL OFFICES500 30

The standard of excellence set forth by an Advisor is unmatched in the industry. With offices in both primary and dynamic secondary markets, Coldwell Banker Commercial Advisors leverage a technologically advanced platform and system to deliver the highest level of professionalism and consistency across a broad spectrum of disciplines and assignments.

We’re not your traditional full-service commercial brokerage, we’re much more.

• Asset Services

• Brokerage Services - Industrial, Investment, Land, Hospitality, Medical, Multi-Family, Office, and Retail property lines

• Capital Markets

• Corporate Services

• Lease Administration

• Mergers & Acquisitions

• Site Selection

POWERFUL PLATFORM

• Private/Public Partnerships

• Broker/Developer Experience

• Quick and Nimble Corporate Structure

• Advisors not Brokers

RELATIONSHIP-BASED LEADERSHIP

ENTREPRENEURIAL ENVIRONMENT

PLATFORM EXTENDED

BROKERAGE SERVICESOur full-service commercial brokerage team provides multi-disciplinary expertise and high levels of service. Sales, leasing and marketing services span all facets of major commercial asset types including office, industrial, retail, investment and specialty properties.

Delivering exceptional service in seller/landlord representation, buyer/tenant representation, investment acquisitions, dispositions, and build-to-suit services, we not only help with the selection process, but also with the tough lease negotiations that often go alongside commercial real estate transactions.

MERGERS AND ACQUISITIONSWe leverage Coldwell Banker Commercial’s international footprint to provide market advisory services as well as general business brokerage to local, national, and international clients. By understanding the business owner’s specific exit strategy, our team tailors a process to achieve maximum value on transactions.

CORPORATE SERVICESWe aim to become a trusted partner of your company, like an internal real estate department or an outsourced real estate advisor, offering our clients the modern functionality of big city corporate services without the need to be in the heart of an urban environment. Clients have access to our data and technology services that will help them to make clear and informed decisions. With just one point of contact, clients can now focus on the important matters of making their company more efficient.

ASSET SERVICESOur Asset Services Division focuses on maximizing asset value for

institutional portfolios, corporate facilities and local investors. We

boast one of the largest asset services operations nationwide, with decades of expertise, currently managing tens of millions of square feet of commercial properties -- and growing.

INTERNATIONAL SERVICESAs one of the only commercial real

estate firms possessing capabilities that span far beyond the borders of the United States, we tap investment sources in cities like Dubai and Abu Dhabi. International Services offers endless opportunities to a global client base. Our focus on business within the international landscape assists clients in achieving results without confinement to U.S. borders.

DEVELOPMENT SERVICESHaving master planned and developed tens of millions of square feet of world class office, retail and industrial projects, CBC professionals offer uniquely qualified services ranging from economic development to large scale project management.

NATIONWIDE NETWORK

ADVANCING A NATIONAL PLATFORMOffering the ability to effectively service clients in both primary and dynamic secondary markets, CBC Advisors has established a network that leverages a technologically advanced platform and system -- delivering the highest level of professionalism and consistency across a broad spectrum of disciplines and assignments. CBC Advisors provides proprietary market intelligence and depth of resources and is also the only commercial real estate firm that utilizes private aviation for national site selection and strategic client initiatives.

• Anchorage, AK• Flagstaff, AZ• Phoenix, AZ• Glendale, CA• Irvine, CA• Los Angeles, CA• Los Angeles, CA (Multifamily)• Newark, CA• Hasbrouck Heights, NJ

• Oakland, CA• Sacramento, CA• San Diego, CA• San Jose, CA• Denver, CO• Ft. Lauderdale, FL• Boise, ID• Idaho Falls, ID• Pocatello, ID

• Las Vegas, NV• Reno/Sparks, NV• New York, NY• Arlington, TX• Ft. Worth, TX• American Fork, UT• Downtown SLC, UT• Salt Lake City, UT• Saint George, UT

POWER OF CBC WORLDWIDE Extended local knowledge with the resources of a global organization

“The collective experiencein commercial real estate and the know-how found in our system is without comparison in the industry. At CBC you are connected to a full range of capabilities and expertise in every major property type.”

– Fred Schmidt, President & COO Coldwell Banker Commercial Global Affiliates

3,000 PROFESSIONALS WORLDWIDE

43 COUNTRIES & TERRITORIES

MOST IN ANY FIRM

THROUGHOUT THE BRAND

200+ COMPANIES

PRESENCE MEMBERS

BRAND RECOGNITIONColdwell Banker Commercial is part of the oldest and most respected national real estate brand in the country. Comprised of a collaborative network of independently owned and operated affiliates, associates utilize global brand recognition to effectively maximize client return. Coldwell Banker Commercial’s unmatched geographic footprint in primary, secondary and tertiary markets ensures maximum return throughout service regions. At CBC you are connected to a full range of capabilities and expertise in every major property type. It’s the power of the network.

“Top 10” – Lipsey Company Top 25 Commercial Real Estate Brands

“Top Brokerage Firms” – National Real Estate Investor Top Brokerage Firms Rankings & Commercial Property Executive Top Brokerage Firms Rankings

BRAND STRENGTHS

PROVEN EXPERIENCE

CBC Advisors has demonstrated a real commitment to our

property and I have been very impressed by the amount of work

finished in order to get up to speed on the property. Your team

has already accomplished more in two weeks than CBRE had in

two months on the project.

I look forward to establishing a close relationship with your

company in the future.

Bruce L. MegowanSenior Vice President

FOCUSED ADVICE n Corporate Facilities, and Property Management

n Construction Management

n Receiverships

n Tenant Improvement Projects

n Feasibility Studies

n Sales & Acquisitions

n Property Tax Appeals

n Tenant Representation

n Lease Administration & Renewals

n Build-to-Suit Development

n Capital Improvement Projects

n Operations & Engineering

n Stark Compliance Management

STRENGTH IN NUMBERS n Over 20 Million SF of Managed Properties

n Over 200 Years of Combined Experience

n Licensed in 10 states - Alaska, Arizona, California, Colorado, Idaho, Nevada, New Jersey, New York, Texas & Utah

n 2,000 Leases Throughout the United States

SUPERIOR SUPPORTACCOUNTING

n Institutional Grade Accounting Managed by CPA Staff n Yardi Voyager 7S Platform n Familiarity with MRI and other Client Systems n Strong Internal Controls n Lower Operational Costs n Financial Reporting in Accordance with GAAP

STAFF n Extensive Property Management Experience n Most Qualified Professionals and Staffing n Engineering and Construction Management Counsel n IREM, BOMA, ICSC Affiliated n CPM & CSM Certified

Our team of dedicated professionals has worked in close harmony with both private and public sectors to produce a successful organization based on human relations, expertise, and quality service. Years of combined experience in commercial property management allow us to cost-effectively satisfy the unique needs of each client.

ASSET SERVICES

PARTIAL CLIENT LISTWith an institutional grade platform, our Asset Services Team has had the pleasure of exclusively representing clients of all sizes allowing for us to be the premier property management firm of choice. Below are a few of our clients.

SAFEWAY

Retail Office Industrial Multi-Family Lease AdminPARTIAL PORTFOLIO LIST

MANAGED PROPERTIES

Property Size - SF Location Type Occupancy

Citivest Portfolio 2,483,256 California & Oregon Retail 85%

Northwestern Mutual Life 2,200,000 Reno, NV Industrial 89%

Industrial Portfolio 1,083,000 Salt Lake City, UT Industrial 92%

Safeway Retail Portfolio – Alaska 1,004,000 Alaska Statewide Retail 95%

Corporate Lease Administration 950,000 5 States Office 100%

State of Alaska Portfolio 917,000 Anchorage, AK Office 100%

Lester & LRG Portfolio 405,000 311 Apt Units Central Coast, CA Retail/Office/Flex/Apts. 95%

Retail Center Provo 310,000 Provo, UT Retail 90%

Office Park 310,000 Sandy, UT Office 90%

Alaska Trust Land Company 280,000 Fairbanks, AK Office 100%

Prudential Real Estate 270,000 Sacramento, CA Retail 48%

Four Corners Properties 260,000 San Jose, CA Office 92%

Raddon Development 250,000 Sandy, UT Office/Retail 50%

Colony Realty Partners 250,000 San Diego, CA Industrial 95%

Ridge Capital Investors 240,000 Oakland, CA Office 85%

100 West 125th Street 225,000 New York, NY Retail 100%

530 Broadway 198,724 New York, NY Office/Retail 82%

Office Tower 165,000 Salt Lake City, UT Office 80%

5 Points Shopping Center 135,000 Riverside, CA Retail 85%

720 Fifth Avenue 121,000 New York, NY Office/Retail 100%

Specialty Retail Center 112,000 South Salt Lake, UT Retail 94%

24 West 57th Street 98,000 New York, NY Office/Retail 100%

724 Fifth Avenue 65,000 New York, NY Office/Retail 100%

Discovery Pointe II 65,000 Lehi, Utah Office 77%

824 Madison Avenue 5,400 New York, NY Office/Retail 100%

799 Madison Avenue 5,400 New York, NY Retail 100%

Total 24,000,000

CBC Advisors Asset Services Team works hard everyday to bring value to our clients, our team, and the local communities we serve. We value public recognition as leaders in our industry and in our field.

We proudly claim certification in an elite group of only 20 AMO (Accredited Management Organization) firms throughout United States and Alaska to satisfy the prestigious requirements needed to achieve IREM’s AMO standing. As well, our team holds the position of the number one property management company among CBC Affiliates worldwide for the past ten years, having also earned the recognition in 2016.

SIGNIFICANT ACHIEVEMENTS

AFFILIATIONS

n Building Owners and Managers Association (BOMA)

n Institute of Real Estate Management (IREM)

n International Council of Shopping Centers (ICSC)

CERTIFICATIONS

n Accredited Management Organization (AMO)

n Certified Property Manager (CPM)

n Certified Shopping Center Manager (CSM)

n Certified Public Accountant (CPA)

With more than 28 years of diversified experience Rob oversees an expanding portfolio of properties in the real estate services platform at CBC Advisors. This includes landlord agency services in asset management, property management, leasing and project management services and international lease administration for occupiers of commercial properties around the world.

Cord’s background includes serving as Senior Managing Director at Cassidy Turley with more than 25 million square feet under management, Kennedy Wilson in asset and property management with more than 14 million square feet, CBRE as managing director with 11 million square feet in the Sacramento Valley and as CEO and President of Cord Commercial Inc., a full-service asset management firm in the Western U.S. Cord started his career at Equitec Financial Group and has a BS degree in Landscape Architecture from UC Davis.

Rob is currently a board member of the California Business Properties Association (CBPA) and is the past Chairman of BOMA California and NAIOP San Francisco.

LEADERSHIP TEAM

ROB CORDPRESIDENT ASSET SERVICESrob.cord@cbcadvisors.com

Ali leads the commercial property accounting and financial reporting duties for Asset Services. She is skilled in YARDI Property Management accounting software as well as MRI, JD Edwards, Skyline Property Management, and Kardin Systems budgeting software.

Previously, a Portfolio Controller at LPC Realty Advisors I, LP, an investment advisory affiliate of Lincoln Property Company located in Chicago, Illinois, Ali worked on a $1.5 billion state pension fund portfolio with assets located in major markets throughout the U.S. Responsibilities included consolidating financial statements, preparing returns, coordinating audits, overseeing the accounting related aspects of acquisitions & dispositions, and ensuring compliance with GAAP, NCREIF PREA Reporting Standards, and SEC policies. Professional experience also included positions as an Assistant Controller & Senior Property Accountant for Lincoln Property Company and an Audit Associate for Grant Thornton, LLP.

Ali holds a Master’s of Science in Accountancy and a Bachelor’s of Art in Accounting and is a CPA in the states of Illinois and Utah.

ALI LYONDIRECTOR OF ACCOUNTINGali.lyon@cbcadvisors.com

JANE CEBRYNSKIDIRECTOR OF BUSINESS DEV.jane.cebrynski@cbcadvisors.com

Jane is the Director of Business Development for Coldwell Banker Commercial Advisors - Asset Services. As a trained facilitator in a unique problem solving process, Jane has the expertise to ask questions that help to get to the real issues facings our customers and help them develop solutions to maximize their potential. Natural problem solver. She has taught sales/marketing workshops across the country in various radio markets thereby making her a very skilled presenter and public speaker. .

Previously employed with North&Co real estate company in Phoenix as a licensed realtor. Jane maintains active community leadership roles, having served as president of the Mothers’ Guild of the Notre Dame Preparatory (NDP) and as a founding member of Birthday Club–offering financial and material support to the working poor of the greater Phoenix area.

Elisha Martin has more than 15 years of experience in the commercial real estate industry and holds the International Council of Shopping Center (ICSC) designation of Certified Shopping Center Manager (CSM). She specializes in property management, leasing and construction management having previously worked as the broker and vice president of operations for PTP Management Inc.

PTP managed and leased more than 50 commercial and institutional projects and more than 4 million square feet of property across Alaska. Elisha also was general manager of the Dimond Center, Alaska’s largest retail/ office complex.

She has a Bachelor of Business Administration from the University of Alaska Anchorage.

ALASKA TEAM

ELISHA MARTINDIRECTOR, ALASKA REGIONelisha.martin@cbcadvisors.com

Bryan manages the Atwood Tower - Alaska’s 2nd tallest office high rise in Downtown Anchorage. Previous experience includes On-Site Building Manager & Associate Broker for PTP Management, Inc. in Anchorage where he executed on-site management and operation of the Robert B Atwood Building, as well as oversight of the Linny Pacillo Parking Garage and the Geological Materials Center in Anchorage.

Bryan also was a Licensed Real Estate Assistant for Pacific Tower Properties, Inc also in Anchorage in which he assisted two commercial real estate professionals with day to day requests regarding the properties they represented and listed.

Part of his responsibilities included the interaction with property owners regarding purchase and lease requests, and assisted in the negotiation of those leases and purchase agreements to complete the transactions, maintaining all records in the Multiple Listing Service (MLS) for each listing, meeting with potential purchasers and lessees, and assisted in the showing of properties for sale and for lease.

BRYAN FLYNNSENIOR REAL ESTATE MANAGERbryan.flynn@cbcadvisors.com

Kelly manages the Sywest Portfolio for Syufy based in San Rafael, California. This Portfolio consists of over 700,000 square feet of class A shopping centers in the Phoenix metropolitan area. She has nearly 12 years of experience that includes management of portfolios in Colorado, Texas, New Mexico, and Arizona. Previously with Voit Real Estate Services, Kelly was able to renovate, rebrand and modernize a flex/office park in 6 months. She is comfortable in many roles including construction manager, project manager, asset manager and property manager. Her expertise ranges from all classes of industrial, retail, office and medical office. She has worked closely with city planning , building and economic departments and contractors.

Prior to joining Voit, Kelly served as Senior Real Estate Manager for Lincoln Property Company where she managed over 2.2 million square feet of institutional industrial and office for INVESCO, RREEF, Cornerstone, CIII, and IIT. Her routine duties included institutional reporting, monthly, quarterly, and annually with budget compilation, CAM reconciliations and capital improvement administration.

Kelly achieved her CPM designation in 2011 and is a member IREM, BOMA, NAIOP, and ICSC. She is also a two time TOBY Award winner for the Arizona Game and Fish Government Building.

ARIZONA TEAM

KELLY BAST, CPMSENIOR REAL ESTATE MANAGERkelly.bast@cbcadvisors.com

CALIFORNIA TEAM

Ryan has over 17 years’ experience in real estate, 12 of which have been dedicated to commercial. He is well-rounded in the management of office, retail and industrial properties. Ryan takes ownership of all aspects of commercial real estate property management including project management, capital projects, leasing and renewals.

Prior to joining CBC Advisors, Ryan was a Real Estate Manager at Voit and an Associate Vice President at Cassidy Turley. In both positions he lead local property management services managing their local portfolios consisting of over a million square feet of office and retail properties.

Preceding Cassidy Turley, Ryan managed a portfolio of commercial retail and office properties in excess of 1.5 million square feet in California’s central valley with Kennedy Wilson Properties, LTD. During his tenure, he managed Class A office, large complex retail centers, industrial and bank REO assets. In addition to daily property management operations, his experience includes extensive work in lease renewals, project management for large tenant and capital improvements, and project leasing.

RYAN DIXONDIRECTOR, NORTHERN CALIFORNIA / RENOryan.dixon@cbcadvisors.com

Heidi has over 25 years of commercial real estate management and leasing experience and currently oversees the expanding portfolio of properties in the San Diego, LA, Orange County, Inland Empire, Las Vegas and Phoenix markets.

Previously, Heidi managed an 850,000 square foot portfolio in San Diego for Davis Partners LLC that consisted of Class A office buildings, distributions centers, and multi-tenant industrial parks. She also was a Senior Leasing Manager for the Abbey Company’s 750,000 square foot portfolio which included industrial, office, medical and retail centers. As a Portfolio Manager for Fujita Property Management (Fujita Corporation USA), Heidi oversaw Fujita’s San Diego County and San Francisco Bay Area’s industrial, R&D, office and retail investments.

Heidi also served as the Senior Property Manager for Lincoln Property Company’s San Diego portfolio, as the Director of Leasing for NDC Real Estate Investments, and as a Regional Property Manager for Sea Property Management.

HEIDI BECKERDIRECTOR, SOUTHWEST REGIONheidi.becker@cbcadvisors.com

Jill has worked in the commercial real estate industry in Northern California for 30 years. She has leased and managed residential, retail, office and R&D projects. Jill started her career in ground-up construction for a local developer in Northern California. This foundation in construction/management has contributed to her strength in repositioning projects in the market place. Her last three assignments were for high rise office towers in Silicon Valley where extensive capital improvements were performed and deferred maintenance resolved. Jill works well with the leasing teams to ensure occupancy goals are achieved and tenant retention is high. She has worked for notable companies such as William Wilson & Associates, Equity Office and CBRE.

Jill is a member of Commercial Real Estate Women (CREW), Immediate Past President of the Silicon Vally Chapter, has served on board for five years. She has completed IREM 301, 400 & 500.

JILL COLLINSDIRECTOR, SILICON VALLEYjill.collins@cbcadvisors.com

NEVADA TEAM

Julie joined CBC Advisors’ Asset Services team in 2016 with over 27 years of commercial real estate experience, 10 of which were dedicated to asset services. Julie has worked on all aspects of commercial property management, including class A office, retail and industrial properties.

Prior to joining CBC Advisors, Julie was a real estate services administrator for CBRE, Inc.’s asset services division. Julie helped operate over 340,000 square feet of class A office space, 163,693 square feet of retail space and over 2 million square feet of industrial space. Some of her former clients include Washington Capital Management, LBA Realty, US Institutional Real Estate Equities, Pacific Coast Capital Partners, BRI Investors, The Spanos Corporation and JJD Stockton Adventures, LLC.

Prior to joining CBRE’s asset services team, Julie was an administrative assistant and supervisor for CBRE’s brokerage division, supervising the word processing staff and assisting sales professionals with legal documents, leases, purchases, sales and escrow contracts.

TAWNA TROWBRIDGEREAL ESTATE MANAGERtawna.trowbridge@cbcadvisors.com

Tawna joined CBC Advisors’ Asset Services team in June 2016 with over nine years of commercial property management experience. Prior to joining CBC Advisors, Tawna was an assistant real estate manager at CBRE, Inc., in charge of over 3 million square feet of industrial commercial properties belonging to WA Capital, Cornerstone Properties, Panettoni, Omatex and Kennedy. While there, Tawna assured that leases were upheld, took care of day-to-day operations in a timely manner and addressed all of the tenants’ concerns.

Before working at CBRE, Tawna held various accounting positions in landscaping, for general contractors and for a grain elevator company.

Tawna entered the commercial real estate arena in 2006. While working for a general contractor, Tawna processed progress payments for current commercial properties that were being built in five different states, learning about all the different building permit laws and lien laws in Pennsylvania, Nevada, California, Virginia and Oregon.

JULIE SHADDIXREAL ESTATE ADMINISTRATORjulie.shaddix@cbcadvisors.com

Melissa Meyer joined CBC Advisors as a property administrator for the Las Vegas office in January 2017. Before joining CBC Advisors, she worked at CBRE as an assistant real estate manager, managing over 800,000 square feet of office and industrial properties. Prior to that, Melissa spent five years working in residential property management and three years at Jones Lang LaSalle as a contract manager.

Melissa’s background gives her great experience in customer service, vendor relations, budgeting and accounting as well as all leasing, tenant satisfaction and retention.

Melissa is currently enrolled at WGU and holds an active Washington State Broker’s license.MELISSA MEYERPROPERTY ADMINISTRATORmelissa.meyer@cbcadvisors.com

Steve Pressler is principal of the Asset Management division for Coldwell Banker Commercial (CBC) Advisors, based in their New York City headquarters. Mr. Pressler joined CBC Advisors in the spring of 2013.

In his current role, Mr. Pressler oversees the leasing and management of office, showroom, and retail properties throughout the CBC Advisors New York based portfolio, as well as investment sales. Current assignments include: 720 Fifth Avenue, 724 Fifth Avenue, 250 West 39th Street, 530 Broadway, 764 Madison Avenue, 799 Madison Avenue, 844 Madison Avenue, 824 Madison Avenue, 847 Lexington Avenue, 24 West 57th Street, and 22 East 49th Street.

Mr. Pressler is known for his ability to execute complex deals, including a transaction at 609 Fifth Avenue. As the owner’s representative for DZ Bank, Mr. Pressler arranged a sale/leaseback of the property to Jeff Sutton. He then assisted Mr. Sutton in creating a multi-level, 42,000-square-foot retail space in the building, and leased it to American Girl Place. The transaction received the Most Creative Retail Deal Award from the Real Estate Board of New York (REBNY).

Joanne Agoglia joined CBC Advisors in 2013 to co-head the firm’s asset management division, providing management and leasing services for landlords. Prior to joining CBC Advisors she began her real estate career at GAFISA USA in 1981, a Brazilian-owned development and investment company and managed the firm’s New York commercial portfolio. When the company formed Promenade Real Estate with Steve Pressler in 1989, she was named Director of Asset Management and began working directly with Steve on the rapid and significant expansion of the company’s third party assignments. Over a period of 20 years, those assignments have included the management and leasing of the office buildings at 509-, 590-, 609-, 720 and 724 Fifth Avenue; 764-, 799-, 803-, and 824 Madison Avenue; 16 East 52nd Street; 10-12 West 57th Street, among a number of others. She has also worked with numerous landlords over the years; APF Properties, Blackstone, DG Anlage, DZ Bank, Jeff Sutton, Meadow Partners and SL Green Realty Corp.

NEW YORK TEAM

STEVEN PRESSLERPRINCIPAL - ASSET SERVICESsteven.pressler@cbcadvisors.com

JOANNE AGOGLIAPRINCIPAL - ASSET SERVICESjoanne.agoglia@cbcadvisors.com

Carol Coffman-Sosebee is Chief Operating Officer Coldwell Banker Commercial (CBC) Advisors Dallas-Ft. Worth. She is responsible for helping manage the companies’ growth and diversification into new markets, as well as a portfolio of more than $58 million in leasing and sales transactions.

Prior to her tenure at CBC Advisors, she was Vice President and Controller for Swearingen Management Company in Dallas, where she was responsible for accounting and administration for a portfolio of 10 million square feet of office, industrial and retail property.

Coffman-Sosebee received a Master’s degree from the University of Texas at Arlington. She completed her undergraduate studies at the University of Texas at Dallas and obtained the Certified Property Manager certification in 1987.

She is active in the Fort Worth chapter of the Building Owners Management Association (BOMA) and the Dallas chapter of Commercial Real Estate Women (CREW).

Bret Messer has devoted his career to the Commercial Real Estate industry and has over 25 years of experience with all property types.

He is well versed in construction management including complex capital projects as well as development of enhancement plans that create greater property value.

Bret studied Finance and Real Estate at The University of Texas at Arlington, he has IREM’s CPM designation and holds a Texas Real Estate salesman license.

Prior to joining Coldwell Banker Commercial Advisors he worked with Centra Asset Partners, and Equity Office Properties.

TEXAS TEAM

CAROL SOSEBEECHIEF OPERATING OFFICER - DFWcarol.sosebee@cbcadvisors.com

BRET MESSER, CPMREAL ESTATE MANAGERbret.messer@cbcadvisors.com

Angie Mazuran joined CBC Advisors in 2016 as the director of asset services, focusing on supervising asset services operations in the Utah and Idaho markets. She provides leadership and direction to the asset services teams and represents the firm with client organizations and business development efforts. Angie excels at providing superior service to her clients through an experienced understanding of asset services operations and the flexibility required to accommodate diverse property owner requirements.

Prior to joining CBC Advisors, Angie spent 12 years at Cushman & Wakefield/Commerce, most recently as senior vice president and regional director of asset services. In that capacity Angie was responsible for all operations of the asset services portfolio, which included over 8 million square feet of office, retail and industrial space in Utah, Idaho and Washington. Angie also served as a senior portfolio manager, where she supervised property managers, managed a portfolio of office and retail properties and participated in the planning and coordination of the asset services division.

Felicity has over 6 years of property management experience which consisted of over 500,000 square feet of Class “A” Office buildings located in Salt Lake Valley. She oversaw an annual budget of 11.4 million dollars and was instrumental is helping lead Millrock Development to receive the prestigious “Best of State” award for commercial development. She helped establish standard operating procedures, risk management plans, emergency preparedness and response procedures.

She interfaces with tenants on resolution of problems with their lease or within the building, negotiates vendor services, and financial responsibilities such as budgeting, accounts payable, accounts receivable, monthly financial reporting, common area expense reconciliation and capital project planning and implementation.

Felicity is a licensed real estate agent in the State of Utah. She is skilled and has experience with the Yardi Accounting System. She is CPM candidate from IREM.

UTAH TEAM

AMGIE MAZURANDIRECTOR OF ASSET SERVICESangie.mazuran@cbcadvisors.com

FELICITY HATTON-WARDSENIOR REAL ESTATE MANAGERfelicity.hatton-ward@cbcadvisors.com

Steve has over 40 years in the real estate management industry, with core skills in tenant relations, marketing, leasing, and construction management. He is responsible for a significant portfolio of high-rise office towers, retail centers and industrial properties for institutional owners and local investors.

Previously he worked as a Property Manager in Denver with Van Schaack & Company and Realty Holding Group in Las Vegas. He served as a regional operating executive in Salt Lake City for Murdock Management Company of Los Angeles, and the Del E. Webb Realty & Management Company of Phoenix. He was a Vice-President of Management Operations & Marketing for the local firms of Highline Property Management & later Colliers Property Management, and also served as President of Colliers Consolidated Realty Management Group.

Steve is active in IREM, BOMA, and BOMI. He holds both the CPM designation and the RPA designation. He recently was awarded the 2015 Utah CCIM Excellence Award for Property Manager of the Year.

STEVE WHITESENIOR REAL ESTATE MANAGERsteve.white@cbcadvisors.com

Don is responsible for the training, supervision and Best Practices for Chief Engineers and Building Engineers on the Asset Services Team and also supervises the Construction Management capabilities. These key areas include: tenant improvement projects, build-to-suit development, and large capital improvement projects.

Don has vast experience on a wide variety of capital and special projects including construction management supervision for the FBI tenant improvement build-out of 88,000 square feet in Salt Lake City, 50,000 square foot build-out for the Salt Lake Olympic Organizing Committee and most recently a 30,000 square foot build-out for the Art Institute of Salt Lake City. He is a driving force in achieving Government Energy Star rating on commercial buildings and local authority on LEED Certification and an active member of each commercial property’s budget committee.

Don’s work history includes 14 years as the Regional Chief Engineer with CBRE, with a primary focus on downtown office buildings. His technical experience also includes 12 years with Rocky Mountain Contractors as a commercial and industrial general contractor.

DON FRANCISDIRECTOR, ENGINEERING & CONSTRUCTION MANAGEMENTdon.francis@cbcadvisors.com

UTAH TEAM

Mike comes to CBC Advisors with nearly 10 years of property management experience in both Residential and Commercial properties. He oversaw the maintenance team for the various properties he was associated with and negotiated a variety of service contracts for those properties. Prior to joining CBC Advisors, Mike worked with Vivint Solar where he managed their portfolio of over 70 offices and warehouses in 12 different states across the US. He negotiated lease contracts, construction management projects, service agreements and lease terminations. He was an integral part of the team in overseeing the planning and construction of their new corporate headquarters, a campus in Lehi Utah.

MIKE RALPHSREAL ESTATE ASSISTANTmike.ralphs@cbcadvisors.com

EXPECTEDRESULTS

CBC Advisors management staff should be commended for

the outstanding efforts accomplished to improve the image of

Parkside Tower. Your property’s tenants should all be proud of

the end results.

The renovation ceremony was professionally handled and

opening speech was very appropriate and well thought out. I’m

sure the Mayor and all invited guests, as well as the Chamber of

Commerce representatives thought just as highly of the event as

I did. Thanks again.

Tod DavisMortgage Investment Specialist II

Over the past five years, CBC Advisors has performed at a high

level of services to Sun Life of Canada and to the tenants of the

building. The responsiveness to ownership concerns and projects

has been effective and timely.

We have conducted several complicated projects such as reroofing

the building and replacing the HVAC system. Both projects were

completed on time and under budget without incident.

We appreciate all efforts made on our behalf by your firm.

John G. MulvihillManaging Director

SOLID EXPERTISE

Pacific Coast PlazaOceanside, California

Montecito CrossingLas Vegas, Nevada

Sorrento Mesa Commerce CenterSan Diego, California

LennoxSouth Salt Lake, Utah

50 East Greg StreetReno, Nevada

Reta

il Pr

oper

ties

Indu

stria

l Pro

pert

ies

Office

Pro

pert

ies

Union Heights Office Sandy, Utah

Market SquareSan Jose, California

100 West 125th Street ( Harlem/N. Manhattan)

New York, NY

720 Fifth AvenueNew York, NY

CASE STUDY 1

CAM RE-ASSESSMENT AND RECAPTURE

ProblemNew management assignment. Severe CAM billing inconsistencies and CAM reimbursement loss to ownership for the past several years.

Serious square footage inconsistencies for the shopping center CAM allocations between pad sites and in-line tenants.

SolutionReview past common area billing statements and evaluate assessed charges. In addition, review all lease agreements and verify the square footage that each of the tenants occupy in the center.

Compare CAM expenses to other similar centers to determine if costs are in line with market expenses.

Review all maintenance and service contracts for the tenants at the property.

Review all the leases to determine what services should be provided by the landlord and billed back to the tenants.

Review all prior years CAM billing statements for the tenants.

ActionsEliminate the duplication of services being provided to pad users and in-line tenants and create true common expenses.

Re-calculate all square footage allocations.

Re-calculate all tenant CAM costs, real estate taxes and insurance coverage for the property for the prior three years.

Collect all outstanding balances owed for shortfalls in payments for CAM’s, real estate taxes and insurance costs from in-line tenants, anchor stores and pad tenants.

EfficienciesNew square footage allocations were corrected and approved by ownership and tenants.

Separately owned pad sites were billed for their full share of the common area expenses. This had not been done by previous management company.

Pro-rata share for all tenant property taxes were adjusted to accurately assess each tenant its proper full- share allocation.

Ownership recovered an additional $23,000 in CAM reimbursements in the first year of our managed operation.

Tenants are now paying their full share of CAM/real estate taxes/insurance and year end reconciliations are consistent and organized.

NAYLOR FARMS SHOPPING CENTER4000 West 9000 SouthWest Jordan, UT 84088

CASE STUDY 2

BUILDING RENOVATION

ObjectiveJanuary 2014 - Convert state owned retail/warehouse building from old Sam’s Club into a modern repository for the State of Alaska - Department of Natural Resource’s core sample collection within 9 months.

Complete the renovations under the $8,500,000 budgeted.

ActionsOversaw the bidding, awarding, construction, and occupancy for the entire renovation project.

Achieved completion of the Geologic Materials Center by August 31, 2014.

Additional 12,000 sf of office space currently under construction for another division of the Department of Natural Resources.

ImprovementsHVAC – Upgraded to modern, cost-saving equipment and controls to reduce utility costs

LED Lighting – Upgraded lighting controls with LED bulbs and motion sensors to reduce utility costs.

A modern repository and learning center for the benefit of the citizens of Alaska.

STATE OF ALASKA GEOLOGIC MATERIALS CENTER3651 Penland Parkway Anchorage, AK

CASE STUDY 3

TENANT OCCUPANCY

ProblemA major tenant (U.S. Attorney’s Office) in the building was exploring the idea of adding additional square footage to their offices.

At the time, there was an entire floor level that had been vacant for several years without any success of finding another tenant for the vacancy.

The Owner wanted to lease the entire floor plate and not divide it into a multi- tenant floor.

SolutionDetermine the square footage needs of the tenant looking for additional space.

Work with the tenant to explore the potential growth for the office and the needed square footage for expansion.

ActionsThrough the direct involvement of the on-site Property Manager, the U.S. Attorney’s Office was able to obtain the special approval to expand and take the entire floor.

The transaction was negotiated through the Property Manager with the GSA. The Owner obtained top market terms and rates with a minimum of tenant improvements cost.

Build out of the space took ninety (90) days and tenant took occupancy of the space upon completion of the construction.

EfficienciesThe Landlord was able to lease the entire floor plate to an existing tenant and extend the term of the lease with the tenant. Assuming an eight (8.0%) percent CAP rate, the building value was increased by over $1,650,000.

185 SOUTH STATE BUILDING185 South State StreetSalt Lake City, UT 84111

OUR PROMISE SERVICES YOU CAN COUNT ON

OUR PROMISEOver the past five years, CBC Advisors has performed at a high

level of services to Sun Life of Canada and to the tenants of the

building. The responsiveness to ownership concerns and projects

has been effective and timely.

We have conducted several complicated projects such as reroofing

the building and replacing the HVAC system. Both projects were

completed on time and under budget without incident.

We appreciate all efforts made on our behalf by your firm.

John G. MulvihillManaging Director

ACCOUNTING AND FINANCIAL REPORTING

IntroductionIn accounting, accuracy is the name of the game.

From processing basic transactions to complex accounting and reporting needs, our accounting professionals deliver financial information that is accurate and actionable.

Our process begins with strong people. Possessing an average of 19 years of accounting experiences, our staff is capable of handling tasks of any size or level of complexity. Our management team, most of whom hold advanced degrees, monitor process quality and consistency. Our system of strong controls, ensures existence and maintenance of all necessary safeguards over your sensitive information.

When it comes to reporting, one-size fits all does not work.

Our collaborative approach between Property Manager, and Property Accountant, allow us to deliver reports that enable you to make sound business decisions. Starting with our robust menu of standard financial reports and increasing to include the most sophisticated reporting structures, we tailor reporting so it fits your unique needs.

Whether your accounting needs are for one building or a portfolio of buildings, our scalable approach allows us to deliver ultra-high quality financial product in a low-cost efficient manner.

Accounting Software• Yardi Voyager and MRI are the two accounting

software programs most commonly used in our portfolio of managed properties.

• Our accounting team has experience using Skyline, Timberline and other customized property accounting software packages designed to accommodate your needs.

• We have successfully implemented many new accounting systems without interrupting reporting functions.

Accurate Financial Reporting• Complete financial and accounting reporting

• Customized financial packages to meet your needs

• Packages include: General Ledger, Balance Sheet, Budget Comparison, Aged Delinquency Report, Detailed Rent Roll, Activity Reconciliation Report, Cash Journal,Check Register, Expense Distribution and Bank Reconciliation.

Accounting and reporting systems are tailored for operating commercial buildings, so you receive valuable historical tracking data. This assists in tracking and trending necessary to operate in a competitive market. Accurate comparisons are provided to review financial performance.

Internal Controls• Strict security over financial and accounting

records maintained through appropriate placement of safeguards.

• Responsibilities are segregated to maintain a secure accounting system. A minimum of two review each process, (keying, proofing and paying invoices; posting receipts, preparing financial reports, etc.)

• Direct deposits and electronic fund transfers provide an additional measure of security.

Budget Forecasting and Management

An annual operating budget is developed on a monthly schedule for you. Monthly reporting shows both month and year-to-date operating results. Detailed information on variances is provided in a monthly operating report.

The finalized budget process includes:

• An annual budget by month

• Detailed narrative of each income and expense line item

• Expenses of the current and projected years

• Detailed projections and comments on capital

Accounting Reports — Detailed Check Register

ACCOUNTING AND FINANCIAL REPORTING

Accounting Reports — Monthly Budget Comparison

Check Register

Property = pgglagunMonths between 02/2013 and 02/2013Check Date between 01/29/2013 and 02/28/2013All Checks = Yes

Bank Check # VendorCheckDate

PostMonth

pglagnop - Laguna Corner Grewal Operating

gurgre - Gurinder Grewal 02/04/2013 02/2013370

pglagnop - Laguna Corner Grewal Operating

02/07/2013 02/2013371

pglagnop - Laguna Corner Grewal Operating

biala - Bianco Landscape Management 02/07/2013 02/2013372

pglagnop - Laguna Corner Grewal Operating

capin - Capital Insurance Group 02/19/2013 02/2013373

pglagnop - Laguna Corner Grewal Operating

citwi - City Wide Maintenance Company, Inc.

02/19/2013 02/2013374

pglagnop - Laguna Corner Grewal Operating

sacmu - Sacramento Municipal Utility District

02/19/2013 02/2013375

pglagnop - Laguna Corner Grewal Operating

biala - Bianco Landscape Management 02/28/2013 02/2013376

pglagnop - Laguna Corner Grewal citwi - City Wide Maintenance Company, 02/28/2013 02/2013377

PTD Actual PTD Budget Variance % Var YTD Actual NET REVENUE PROPERTY OPERATING REVENUE RENTAL INCOME Base Rent 17,533 24,377 -6,844 -28 50,950 TOTAL RENTAL INCOME 17,533 24,377 -6,844 -28 50,950 REIMBURSEMENTS COMMERCIAL CAM Reimbursements7 ,904 9,169 -1,265 -141 8,600 TOTAL REIMBURSEMENTS COMMERCIAL 7,904 9,169 -1,265 -141 8,600

TOTAL PROPERTY OPERATING REVENUE 25,436 33,546 -8,110- 24 69,550 TOTAL NET REVENUE 25,436 33,546 -8,110- 24 69,550

COMMERCIAL OPERATING EXPENSES

REIMBURSABLE OPERATING EXPENSES HVAC HVAC Prev Maint - Labor 00 0N /A 0 TOTAL HVAC 00 0N /A 0

INSURANCE Insurance 274 250 -24- 108 16 TOTAL INSURANCE 274 250 -24- 108 16

JANITORIAL Janitorial - Dayporter- 70 07 0N /A 682 Trash Removal1 ,194 1,100 -94- 92 ,370 TOTAL JANITORIAL1 ,124 1,100 -24- 23 ,052

LANDSCAPE / WATERSCAPE Landscape - Contract 350 350 00 700 Landscape - Extras 300 0- 300 N/A 300 TOTAL LANDSCAPE / WATERSCAPE 650 350 -300 -861 ,000

Laguna Corners - Grewal (pgglagun)

Budget ComparisonPeriod = Feb 2013Book = Cash ; Tree = ysi_is

CBC Advisors suggests that a reasonable budgeting process should include the following:

Zero-line budgeting. The budget is not padded with unknown and unforeseen major operating and capital expenditures.

Preliminary annual budgeting by month pursuant to the chart of accounts. Includes a detailed explanation of each expense item.

Final budget following discussion with you.

Year-end projections for the current year accompany the final budget. A five year plan for operating and capital expenses can also be prepared.

Monitoring PerformanceOnce we establish and implement the strategic and operational plans to meet your objectives, CBC Advisors Management Services monitors the results. Through regular monthly reporting, we provide you with these results and recommend alterations when needed to ensure your goals are achieved. We also conduct a tenant satisfaction survey to measure the success of the team’s performance.

CBC Advisors sample reports include:

Annual Management Plan• Business plan designed to meet your goals and

expectations

Physical Property Reports• Annual Property-Specific Management Plan

• Capital/major project lists (monthly) – provide the status of budgeted projects

• Five-year capital/major project list (annually) – serves as a long term approach to maintaining the property

• Periodic inspection reports by CBC managers (annually)

Financial Reports• Financial statements (monthly)

• Management variance reports (monthly)

• Budget plan (annually)

Tenant Satisfaction Surveys (annually)• Tenant survey of property and workplace

environment satisfaction

Client Accounting: Internal Controls and Financial Reporting

ACCOUNTING AND FINANCIAL REPORTING

CBC’s approach to ensuring accurate and consistent accounting data is based on our internal controls. All required departmental accounting procedures are outlined and tested to ensure that the appropriate approvals, reviews, reconciliations, and backup documentation exist. Our management team performs a due diligence during the transition of all new management contracts by evaluating the existing controls for safeguarding assets.

CBC implements control procedures for reducing financial risk in the following areas:

• Cash Management

• Purchases

• Cash Disbursements

• Completeness and Accuracy of Rent Rolls

• Tenant Billings (including escalations and CAM billings and the related true-up adjustments)

• Compliance with the Management Agreement (including payment of invoices and other reimbursable costs, adherence to deadlines, and other provisions)

• Monthly Accruals (e.g. escalations, percentage rent, straight-line rent, etc.)

• Depreciation for Capital Additions

• Variance Explanations

We have the capability of transmitting information to our owners on a daily basis, or as required, to provide them with timely and actionable information. In addition to our own internally hosted and maintained financial databases, we can also access client hosted software via secure remote access.

Accounting Software Options:CBC’s accounting group is experienced with the most popular and widely used accounting software systems including: Yardi, and MRI. We are flexible in using owner designated systems and have been a licensed user of dominant industry software packages for 15 plus years.

Financial Reporting:Our accountants prepare the monthly reporting package in accordance with the client’s specifications and requirements. During preparation of the preliminary reports for review, the accountant completes a comprehensive financial statement pre-close checklist, which addresses all aspects of the data from report formatting through the tie-out of subsidiary ledgers and the documentation of reconciling items. Upon completion, the accountant sends the monthly reporting package to property management personnel for review and approval.

The property manager will then review the reporting package, including specific checks of the accountants’ work to determine that the revenue and expenses have been recorded accurately on the property. Accounting managers also perform property reviews to verify that accounting data is being recorded and reconciled properly.

Our standard financial reporting package includes:

• Leasing Reports (leasing activity, competitive analysis, lease expiration, and rent roll)

• Financial Reports (statement of operations, budget/variance analysis, trial balance, balance sheet, receivables aging, general ledger, bank reconciliations, and other supporting reports)

• Valuation Reports (sale and leasing comparisons)

However, based upon the client reporting requirements, additional reports can be prepared as specified by the client, prior to the monthly reporting package being delivered to the client via electronic or hardcopy file.

CBC Advisors is clearly differentiated from other service providers inasmuch as we are privately held, owner-focused, and execute with precision. Since we are not accountable to shareholder opinions or unnecessary bureaucratic processes, our principals have a singular focus on client priorities.

Our relationships-oriented approach is at the core of our delivery model, carrying through all aspects related to servicing the needs of our clientele. This approach yields long term stability, as evidenced by our decades long relationships with local, regional and national players.

BROKERAGE SERVICES

RESEARCH

CONSTRUCTION MANAGEMENT &

ASSET DUE DILIGENCE

PROPERTY VALUATIONS

DEVELOPMENT ANALYSIS

SUSTAINABILITY

CAPITAL MARKETS

PROPERTY MANAGEMENT

INFORMATION SYSTEMS & REPORTING

CONSTRUCTIONMANAGEMENT &

PROJECT MANAGEMENT

INTEGRATED SERVICES BUILT FOR SUCCESS n Brokerage Services

n Research

n Information Systems & Reporting

n Construction Management & Project Management

n Property Management

n Capital Markets

n Sustainability

n Development Analysis

n Property Valuations

n Construction Management & Asset Due Diligence

ULTIMATE OBJECTIVE

Corporate Headquarters 6550 South Millrock Drive, Suite 200Salt Lake City, UT 84121

(801) 947-8300(801) 947-8301 Fax

www.cbcadvisors.com

Advisors Offices

CBC Offices