Lincoln placemat

Denver, Colorado Denver Ranks Nationally

LPC Denver - Overview Portfolio Size:

Number of Properties: Services:

Staff:

ULI - Top 20 Market Denver ranked 4th Source: ULI Emerging Trends in Real Estate

1,621,745 SF Office 728,215 SF Industrial/ Flex 182,488 SF Retail 2,532,448 SF Total 15 Office 19 Industrial /Flex 3 Retail • Leasing Services • Property Management • Construction Management • Development Services • Investment Services • Corporate Services • Receivership Services • 25 Team Members

Forbes: Best Places for Business and Careers 2015 Denver ranked 4 out of 200 Source: Forbes.com

Denver Leading Industries

Colorado Center

10%

Colony Realty Partners Invesco

3% Aerospace Aviation Bioscience Broadcasting/Telecom Energy Financial Services Healthcare/Wellness Information Technology

10%

Dry Creek Corporate Center

Chaparral Business Park

20%

Source: MetroDenver.org Based on employee numbers

Denver Office Market CoStar Stats - Q2 2015

Submarket Hardware Block

7601 Technology Way

Lincoln Realty Advisors Phoenix Property Company Signature REIT

2014-2015 LPC Notable Transactions

Total Inventory SF

Total Vacancy SF

Downtown 35,594,824 3,745,936 NW 9,439,017 1,091,120 SE 465,944,794 5,305,993 Denver 190,482,183 19,014,890 Market

Vacancy %

YTD Net Absorption SF

Class A Rate $/SF

10.5% 11.6% 11.5%

166,011 (99,237) 468,960

$34.30 $24.02 $25.58

10%

1,074,297

$29.29

Vacancy %

YTD Net Absorption SF

Quoted Rates $/SF

4.5% 8.4% 3.4%

6,022 23,523 87,675

$34.50 $12.66 $18.68

5.2%

860,853

$15.48

Denver Retail Market

Industrial

CoStar Stats - Q1 2015

46,148 RSF

Paneltec - New Lease at Denver Business Center #3

37,217 RSF

Kiewit Infrastructure - Lease Renewal at I-225 Business Center

32,677 RSF

United Seating & Mobility - New Lease at I-225 Business Center

26,400 RSF

10495 S. Progress Way, Parker, CO - Sale

4%

40%

Griffin Capital Corporation Confluent Development Private Capital

Food Service Warehouse - New Lease at I-225 Business Center

4%

9%

Institutional Owner Relationships - Denver Metro Area ASB Capital Management

City Bike Score 71.3 - Ranked 4th nationally Source: Forbes.com

Lincoln Office Center at Inverness

$1.2 Million

Office ViaSat, Inc. - New Lease at 365 Inverness Parkway

12,160 RSF

Coyote Logistics - New Lease at Hardware Block

13,612 RSF

Radiology Imaging Associates - Lease Renewal at Dry Creek Corporate Center

32,791 RSF

McAfee Inc. - Lease Renewal at Dry Creek Corporate Center

32,705 RSF

Vantiv, Inc. - New Lease at 367 Inverness Parkway

31,200 RSF

Stantec Consulting - Lease Renewal at Colorado Center

22,671 RSF

Intuit, Inc. - Lease Renewal at 365 Inverness Parkway

14,240 RSF

Source HOV- Lease Renewal at 369 Inverness

20,000 RSF

Submarket

I-225 Industrial Park

Denver’s Commitment to Growth

Colorado Center

Est. Cost

FasTracks (Light Rail Program)

$7.8 Billion

Denver International Airport / Stapleton Infill Project

$4.8 Billion

Public and private investments in 34 developments currently under construction in CBD and LoDo Union Station to DIA Light Rail (2016 Completion) Union Station Redevelopment

$800 Million $1.1 Billion $1 Billion

Total Inventory SF

Total Vacancy SF

Downtown 3,130,341 142,307 NW 26,048,555 2,081,022 SE 13,859,493 471,823 Denver 192,223,960 10,065,100 Market

Denver Industrial Market CoStar Stats - Q1 2015

Submarket

East Montbello/I-70 SE West Denver Denver Market

Total Inventory SF

Total Vacancy SF

Vacancy %

YTD Net Absorption SF

Quoted Rates $/SF

75,816,062

3,028,157

4%

896,066

$5.78

16,861,246 19,878,423

1,172,365 457,911

7% 2.3%

82,146 110,310

$9.71 $7.99

289,481,541 12,355,347

4.3%

1,813,421

$7.69

Lincoln Property Company 2000 South Colorado Blvd Annex Suite 300 Denver CO 80222 • 303.893.1886

Lincoln Today

Case Studies

Lincoln Property Company is one of the largest and most respected diversified real estate services firms in the United States and is the only national real estate company to rank concurrently in the Top 10 lists of Management/Ownership of Office, Industrial and Multi-family.

With an international footprint that includes offices in 38 cities across the United States and 6 cities in Europe and South America, Lincoln remains a privately and closely held company. As a matter of corporate intention and philosophy, the company has operated virtually debt-free since the early 1990’s, uniquely positioning itself to provide focus and performance as well as

consistency and stability to its clients and employees in the economically challenging times of today.

This corporate philosophy combined with 50 years of global real estate experience and the ability to “think like an owner” is what differentiates Lincoln from other service providers and real estate companies. The company’s history of developing and acquiring assets for its own account – as well as providing a full cadre of services to other owners over the span of the last four decades – has created a culture throughout the firm whereby each employee treats each third party assignment as if it were owned by the company. Consequently, the company’s goal is to hire, train, and retain employees that “take ownership” in each and every assignment.

Services Lincoln Property Company is a thriving commercial real estate firm founded in 1965.

Headquartered in Dallas, with a local office in Denver, we are situated to provide the best service with expansive resources. LPC Denver currently has 2.5 million square feet under current management and a portfolio of 19 industrial properties, 15 office properties, and 3 retail properties.

• • • • • • •

Leasing and Marketing Services Property Management Construction Management Advisory Services LEED Consulting Development Services Tenant Representation

C olora do C enter

LPC Facts: • 356 Million+ SF managed/leased • 45 administrative offices and over 350 management offices in U.S.

2000 S. C o lo rad o Bo u levard , D enver CO 80222 Property Size 625,000 SF Purchase Date January 2006 Client ASB Real Estate Investments Results • 65% leased to 96% leased in 18 months • Grew rents by 30% in 18 months • Received Energy Star ratings • Awarded LEED Gold certification in Tower II

C ha pa rra l B us ines s Pa rk 7265-7337 South Revere Parkway, Centennial, CO 80112 Property Size 146,175 SF Purchase Date 2007 Client Colony Realty Partners Results • Maintain occupancy levels upward of 92%

• Numerous capital improvements in 2010 • Exceeded lease rate and occupancy expectations through economic downturn

• 6,800 employees

L incoln Office C enter at I nverne ss

Dr y C reek C orporate C enter

• Lines of business: Management, Leasing, Brokerage, Acquisitions, Dispositions, Development, Construction Management and Advisory Services • Top Ranked Developer, #2 Property Management Company in the U.S., Commercial Property Executive • $7.6 Billion of office and industrial acquisitions over the last 15 years • Lincoln’s institutional client list includes such names as American Realty Advisors, Invesco, Morgan Stanley, Prudential, RREEF, TIAA-CREF, UBS and many others

10700-10800 East Geddes Avenue, Englewood, CO 80112 Property Size 185,958 SF Purchase Date 2007 Client Colony Realty Partners Results • Awarded LEED Gold Status in 2010 • Implemented LPC proprietary work order system

H ard ware Bl o c k

365,367,369 Inverness Parkway, Englewood, CO 80112 Property Size 116,400 SF Purchase Date March 2002 Client Invesco Realty Advisors Results • Developed 3 Class-A office buildings • Leased 112,000 SF in 24 months •

Closest competitor: 15% occupied over same period

Recent Notable Transactions Office ViaSat, Inc. - New Lease at 365 Inverness Parkway

12,160 RSF

Coyote Logistics - New Lease at Hardware Block

13,612 RSF

Radiology Imaging Associates - Lease Renewal at Dry Creek Corporate Center

32,791 RSF

JE Dunn - Lease Renewal at Colorado Center

30,469 RSF

McAfee Inc. - Lease Renewal at Dry Creek Corporate Center

32,705 RSF

Vantiv, Inc. - New Lease at 367 Inverness Parkway

31,200 RSF

Stantec Consulting - Lease Renewal at Colorado Center

22,671 RSF

Intuit, Inc. - Lease Renewal at 365 Inverness Parkway

14,240 RSF

Industrial Food Service Warehouse - New Lease at I-225 Business Center

46,148 RSF

Paneltec - New Lease at Denver Business Center #3

37,217 RSF

Kiewit Infrastructure - Lease Renewal at I-225 Business Center

32,677 RSF

United Seating & Mobility - New Lease at I-225 Business Center

26,400 RSF

10495 S. Progress Way, Parker, CO - Sale

$1.2 Million

1515-1527 Wazee Street, Denver, CO 80202 Property Size 51,191 SF Purchase Date January 2013 Client ASB Real Estate Investments Results • Acquisition in sought-after submarket (LoDo) • Recent renewal of full-floor tenant • Lobby renovation completed in 2014

1755 Bl ake 1 7 5 5 B l a ke St re et , De nve r, CO 8 0 2 0 2 Property Size 112,943 SF Purchase Date December 2013 Client ASB Real Estate Investments • Assisted client with acquisition due diligence • Class A building, currently 100% leased