Commercial Newsletter July 2016

Off Market Real Estate Program - July 7, 2016

July 7, 2016 You are getting this email because you are part of an exclusive group of professionals who are in the position to look for commercial real estate for yourself or your organization.

Our “Off Market Properties” are being made available on a discreet basis by Sellers who do not wish to have these properties “shopped.” Our sellers are serious about their interest in selling the assets and have entrusted to us for this confidential listing. We are very careful to honor this confidence in our firm. If your interest is in a specific property, please provide the Section & Item Number in which you are interested. We highlight all newly published properties in RED. We will provide additional information about any property upon receipt of a completed NCND which may be requested by emailing Admin@ProMarkCapital.com. We may also require that we be provided with an acceptable demonstration that the prospective buyer has the capability to perform. At the point of releasing further details on a listing, arrangements will be made for principal to principal communication. We will gladly deliver any fair and reasonable offer from a qualified buyer, with full transparency.

Should you be interested in obtaining general information regarding the “Off Market” Program, or in helping you locate a specific type of property, but you don’t see a listing meeting your criterion, please let us know.

The McMonigle Team • John McMonigle, Principal • John@TheMcMonigleTeam.com • 949-735-1004 ProMark Capital Group, Inc. • Harvey H. Rosen, CEO • HRosen@ProMarkCapital.com • 310-527-1792 Forum Consulting Service, LLC • Bruce B. Felder, Managing Director • Bruce@ForumConsultingService.com • 216.765.2622

SECTION 1: HOSPITALITY/HOTEL/RESORTS

SOLD D E V O M RE

1.1: RENOWNED BOUTIQUE STYLE HOTEL: Costa Mesa, CA sold 1.2 LUXURY BOUTIQUE HOTEL: Downtown Manhattan, NYC removed 1.3 WORLD-CLASS LUXURY RESORT, GOLF & SPA: Located on the Pacific Ocean on one of the most prestigious oceanfront locations in Southern California.

This celebrated beachfront spa-golf resort features a Forbes Five-Star Resort Award, Forbes Five-Star Spa Award and am AAA Five-Diamond Award. Few resorts can boast such a beautiful location of breathtaking views, rich amenities including an 18-hole oceanfront golf course with glamorous panoramic ocean views and with two holes adjacent to the beach itself All nestled along one of the most exclusive beaches in Southern California. This acclaimed resort combines the finest of luxury amenities, superior meeting facilities, and breathtaking ocean views with more than 30,000 sf of indoor meeting space plus an additional 60,000 sf of outdoor event space including a beautiful botanical garden, gazebos, spacious lawns and ocean view terraces all on 172 acres of this beautiful © 2016 ProMark Capital Group

resort on the California coast. The 400-room resort includes 325 oversized guestrooms, averaging 535 sf, and 75 suites from 800sf to more than 3, l00 sf. Fresh air and cool ocean breezes are plentiful as each guestroom balcony offers enjoyable golf course, ocean or resort views. Signature butler service highlights the finest of amenities and personalized service. Property is in the midst of substantial upgrades. The accepted offer price may be influenced by the status and timing of scheduled upgrades. Confidential financial information will be made available to a bona-fide buyer upon submission of a Letter of Interest and satisfactory proof of ability to perform.

BH | Asking price: $300M | Buyer Paid Fee: TBD 1.4 LUXURY RESORT, HOTEL/CONDO PROJECT: Development Opportunity ... This impressive resort hotel site, located on one of the most highly regarded oceanfront locations in Southern California, consisting of 2.8 acres, has the following approvals and entitlements: General Plan and Local Coastal Program: Visitor/ Recreation Commercial Zoning: Allowable Rooms: 90 Keys; Allowable Gross Floor Area: 110,750 sf; Height limit - 42 feet above finished grade; three stories.

Fractional Ownership (Hotel Condominium) Recorded Development Agreement with the City Approved Tentative

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Off Market Real Estate Program - July 7, 2016 Tract Map and Recorded Final Map. Site is rough graded with certified pads - lower pad has been graded to accommodate two levels of underground parking, All abutting street improvements have been constructed and all utilities and infrastructure are in place to serve the development.

BH | Asking price: $32.5M | Buyer Paid Fee: TBD 1.5 ISLAND OF ANGUILA RESORT: Caribbean, British West Indies.

This resort, with its Greco-Moorish elegant architecture, is one of the most gorgeous hospitality award winning establishments. The site contains 18 private villas, each having a spacious 6,556sf. There are also 98 rooms, each averaging l,078sf. Development room exists to expand with 24 additional villas. Lessees of six of the villas have an agreement to place their units back into the rental pool for a period of time each year. There are no management or flag encumbrances. Seller is the original owner and developer. The development was voted # l Best Beach Resort in the World in 2013.

BH |Asking Price: TBD | Buyer Paid Fee: TBD

SOLD

1.6 NEWPORT BEACH - PACIFIC COAST HIGHWAY Newport Beach, CA sold 1.7 PRIME DOWNTOWN LOCATION-HOTEL, RETAIL, AND RESIDENTIAL: Los Angeles, CA A unique opportunity to develop a well situated hotel site in the vibrant up and coming Downtown Los Angeles area, within walking distance of Staples Center, LA Live, the Convention Center, world-renowned restaurants and more. The opportunity to refurbish and modernize the existing hotel and then to expand to by adding up to 150 new premium condo residences, including 40 artist studio lofts. The adjacent warehouse parcels add additional growth and expansion opportunities. There already exists 500 parking spaces. The present anchor hotel consists of 150 rooms along with over 50,000 square feet of retail space. Property size is 59,677 square feet all of which is zoned for both commercial and residential use. A very exciting opportunity. Asking price is $35M ($530/square foot). Estimated building costs: $215M + Land: $35M Financing opportunities for the development can be made available.

BH | Asking price: $250M | Buyer Paid Fee: TBD

SOLD

1.8 MIAMI-AIRPORT PROXIMITY: Miami, FL sold 1.9 CLASSIC OCEAN FRONT NICHE HOTEL/CONDO/ TIME SHARE: Miami Beach, FL Two adjacent condominium/residential/hotel buildings on Upper Collins Ave, with a total of 151 rooms are now available for sale, separately or as a package. The corner property consists of all the 86 condo/timeshares in 10 units (which use 1800 weeks per year). Those units that

© 2016 ProMark Capital Group

are being sold as timeshares are owned by the same company (the owner) that is controlled by the association.

The adjacent building which faces the ocean is a niche facility with 65 hotel rooms. The combined size of the two lots consists of 14,150 square feet + 35,000 square feet for a total of 49,150 square feet. The property enjoys high occupancy rates resulting in this being sound investment – good returns. A separate retail facility is also available.

Executed NCND will produce all current due diligence.

TR | Asking price: $45M for both buildings or $15M for the smaller and $30M for the larger | Buyer Paid Fee: TBD

D E V O REM SOLD

1.10 PRIME 5-STAR HOTEL: Beverly Hills CA removed 1.11 LANDMARK HOTEL IN DESTINATION TOWN: Pasadena, CA sold 1.12 RETAIL/HOTEL DEVELOPMENT OPPORTUNITY – South Beach, FL WOW…what a location! Now this is quintessential South Beach living…the sun, the pastel buildings, the nightlife… one can almost hear the waves and the seagulls. Two blocks south of the famed Art Deco district and, are you ready? Only one very short block to the beach. Near the A1A and Miami Convention Center. Can it get any better?

It can! It’s in a prime retail area with national tenants. Now you can create 12,000 sf of ground floor retail plus hotel in the true hub of Florida living and vacationland! PARKING is at a premium near the beach, and this property has plenty of it. Avoid impact fees by maintaining parking and you won’t be sorry.

TR | Asking Price: $ 20.8M | Buyer Paid Fee: TBD HOTEL PACKAGE - ITEMS 1.13 thru 1.27 This package of hotels has diversified locations, ages, sizes, but one thing in common: they have all been recently updated with all of the amenities needed to draw in guests for years to come! Details on each property are available upon request. These may be split up for individual sale, or grouped by geographic region or for the best negotiations, buy the entire package. Make an offer!

1.13 ALBUQUERQUE HOTEL: Albuquerque NM Rooms: 122 Built: 1989 Estimated PIP: $1.5M 2015 NOI: $878k 2015 Revenue: $2.51M Cap rate: 7.29% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $45M | Buyer Paid Fee: TBD 1.14 SANTA FE HOTEL: Santa Fe NM Rooms: 209 Built: 1982

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Off Market Real Estate Program - July 7, 2016 Estimated PIP: $0 2015 NOI: $1.2M 2015 Revenue: $4.86M Recent Cap Ex: $4M Cap rate: 7.02 HUGE upside potential! *May be bought as a package with 1.14 to 1.27 PV | Asking price: $17.1M | Buyer Paid Fee: TBD 1.15 NORTH LAS VEGAS HOTEL: Las Vegas, NV Rooms: 87 Built: 2002 Estimated PIP: $1M 2015 NOI: $775k 2015 Revenue: $2.18M Recent Cap Ex: $0 Cap rate: 7.38% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $10.5M | Buyer Paid Fee: TBD 1.16 CHANDLER HOTEL: Chandler, AZ Rooms: 125 Built: 1998 Estimated PIP: $1.6M 2015 NOI: $968k 2015 Revenue: $2.68M Recent Cap Ex: $0 Cap rate: 7.46 % *May be bought as a package with 1.14 to 1.27 PV | Asking price: $12.98M | Buyer Paid Fee: TBD 1.17 SANTA FE HOTEL: Santa Fe, NM Built: 1998 Estimated PIP: $M 2015 NOI: $660k 2015 Revenue: $1.73 Recent Cap Ex: $300k Cap rate: 7.29% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $9.05M | Buyer Paid Fee: TBD 1.18 SPRINGFIELD HOTEL: Springfield, IL Rooms: 63 Built: 1992 Estimated PIP: $0 2015 NOI: $633k 2015 Revenue: $1.55m Recent Cap Ex: $750k Cap rate: 7.5% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $8.435M | Buyer Paid Fee: TBD 1.19 COLDWATER HOTEL: Coldwater, MI Rooms: 79 Built: 1990 Estimated PIP: $500k 2015 NOI: $554k

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2015 Revenue: $1.31M Recent Cap Ex: $1.2M Cap rate: 7.65% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $7.25M | Buyer Paid Fee: TBD 1.20 N. LAS VEGAS HOTEL: N. Las Vegas, NV Rooms: 101 Built: 1992 Estimated PIP: $500k 2015 NOI: $462k 2015 Revenue: $1.22 Recent Cap Ex: $300k Cap rate: 6.84% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $6.756M | Buyer Paid Fee: TBD 1.21 SANTA FE HOTEL: Santa Fe, NM Rooms: 81 Built: 1994 Estimated PIP: $2M 2015 NOI: $786k 2015 Revenue: $1.95M Recent Cap Ex: $350k Cap rate: 7.49% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $10.5M | Buyer Paid Fee: TBD 1.22 CRESCENT CITY, CA HOTEL: Crescent City, CA Rooms: 46 Built: 1993 Estimated PIP: $300k 2015 NOI: $535k 2015 Revenue: $1.14M Recent Cap Ex: $350k Cap rate: 7.78% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $6.875M | Buyer Paid Fee: TBD 1.23: MANSFIELD, OH HOTEL: Mansfield, OH Rooms: 106 Built: 1984 Estimated PIP: $500k 2015 NOI: $532k 2015 Revenue: $2.83 Recent Cap Ex: $0 Cap rate: 7.78% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $7.25M | Buyer Paid Fee: TBD 1.24: NORCO, CA HOTEL: Norco, CA Rooms: 83 Built: 2008 Estimated PIP: $300k 2015 NOI: $850k 2015 Revenue: $2.24

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Off Market Real Estate Program - July 7, 2016 Recent Cap Ex: $200k Cap rate: 6.18% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $13.75M | Buyer Paid Fee: TBD 1.25 TEMPE, AZ HOTEL: Tempe, AZ Rooms: 68 Built: 2000 Estimated PIP: $350k 2015 NOI: $316k 2015 Revenue: $1.07M Recent Cap Ex: $250k Cap rate: 6.02% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $5.25M | Buyer Paid Fee: TBD 1.26 MAMMOTH LAKES, CA HOTEL: Mammoth Lakes, CA Rooms: 59 Built: 1988 Estimated PIP: $200k 2015 NOI: $500kk 2015 Revenue: $1.414M Recent Cap Ex: $500k Cap rate: 6.67% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $7.5M | Buyer Paid Fee: TBD 1.27 PLACENTIA, CA HOTEL: Placentia, CA Rooms: 131 Built: 1990 Estimated PIP: $100k 2015 NOI: $1.25M 2015 Revenue: $2.83M Recent Cap Ex: $500k Cap rate: 6.75% *May be bought as a package with 1.14 to 1.27 PV | Asking price: $18.525M | Buyer Paid Fee: TBD 1.28 HISTORIC SAN FRANCISCO HOTEL: San Francisco, CA Stately. Refined. Two words that rarely conjure images of a new structure. As splendid as the day it first opened, this “California Historical Landmark” hotel is one of the city’s finest historic San Francisco luxury hotels. It’s ideally located at Nob Hill. So accessible by foot…just minutes from Union Square and at the center of three cable car lines which “climb halfway to the stars” to let you off at the doorstop of this iconic hotel. A hotel may simply be a building, but add famously breathtaking views of one of the most beloved cities in the country and the world, couple it with world-class service, and now your hotel is truly an experience that demands top dollar of its clientele…and they gladly pay it! Not only is this prestigious property beautiful to behold, its beautifully appointed guest and public areas have withstood the test of time: 20 floors, 380 rooms, 39 suites, 19 meeting rooms including two © 2016 ProMark Capital Group

ballrooms, a pre-function area and sky lounge. Amities include a restaurant and 24 hr. business center. 76 parking spaces. This is the trophy property that may come once-ina-lifetime. Don’t miss out.

EON | Asking price: TBD | Buyer Paid Fee: TBD 1.29 SoMa DISTRICT HOTEL: San Francisco, CA What does every hotel owner thrive to have? A hot location? South of Market is THE place to be. A convention center within walking distance? Of course!

This state-of-the-art hotel has that and so much more.

Let’s start with the VIEWS…they are breathtaking the first time, and every time one lays eyes on the San Francisco Bay, and every one of its 14 suites has that very view.

Next, let’s brag about its LEED EBOM Gold Certification under the U.S. Green Building Council (USGBC). And of course, it’s location couldn’t be any closer to the action with the Powell Street cable car line’s ability to take clients to San Francisco’s world-famous attractions. The modern sophistication and high technology of this 2008 hotel is unparalleled by its peers. It’s 32 floors, 554 rooms, 12 meeting rooms and 14 suites can accommodate the most demanding of personal and business travelers. Amenities include everything the discerning traveler demands: 2 restaurants, spa, business center, fitness center, gift shop, indoor pool/hot tub, and much more.

EON | Asking price: $450M | Buyer Paid Fee: TBD 1.30 GARMENT DISTRICT HOTEL: NYC, NY I love New York! Nothing says Manhattan like the Lincoln Tunnel, Times Square and the Garment District. 155 luxurious rooms will thrill even the seasoned traveler, especially when they see the unobstructed view of Manhattan’s West Side. Guests may unwind and get a light bite to eat and plenty to drink at the bistro bar. The business center and off-site fitness center arrangements make it easy for guests to get things done in NY style.

Travel is a breeze due to a central location, the 42nd St. subway station at end of block. Guests who drive will find access to the Lincoln Tunnel and Port Authority parking privileges to be the ultimate convenience. This is a nonunion hotel!! Cap rate: 5.5% EON | Asking price: $109M | Buyer Paid Fee: TBD 1.31 CHELSEA DISTRICT HOTEL: NYC, NY Get a taste of New York in the eclectic Chelsea district of Manhattan. Convenient for business and leisure travelers alike, you won’t be far from tourist spots or corporate offices. And some of New York’s best restaurants are within walking distance. This unassuming, yet chic 158-room hotel has the modern feel of NYC, plus some unexpected touches, like outside seating for the bar/restaurant (with a third-party lease). Built in 2003, this 21 story hotel already had a timeless sense of style before it received a $2M facelift in 2014 of guest rooms and common spaces. Rooms consist of 54 King, 102 double double and 2 beautifully appointed suites with spectacular views.

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Off Market Real Estate Program - July 7, 2016

SECTION 2: OFFICE BUILDINGS

Amenities such as a fitness room and board room (with banquet and catering available) will appeal to the business traveler, which is great considering a veritable who’s who of corporate America is within 1 mile of it’s location! 92% Occupancy rate and NOI = $6.16M EON | Asking price: $95M | Buyer Paid Fee: TBD

D E V O REM

2.1 OFFICE BUILDING - CLASS “A”: South Carolina removed

1.32 NYC RENO OPPORTUNITY: NYC, NY It can’t get much more convenient when your hotel is located right across Grand Central Parkway from LGA, and a mere 7 miles to Manhattan and approximately the same to JFK. Location is first…timing is next, and a local presence is last, and this deal has all THREE. The ink is barely dry on the transition to a National Chain hotel and big changes are underway. New management. Extensive renovations planned. New branding. Get it now while it is a steal. It’s underperforming income statement could mean tremendous pricing for you, but it won’t be that way for long. The property includes 438 rooms and approximately 400,000 sf of unutilized commercial zoning floor area (ZFA) and a surface parking lot where the ZFA can be used.

Excess land could possibly be sold off before the purchase.

Existing majority partner (95%) seeking buyout. 5% partner is NYC based and has ability to oversee renovations! Cap rate 5.5% NOI $5.975M Estimated renovations: $33M WBG | Asking price: $50M | Buyer Paid Fee: TBD 1.33 HISTORIC MIAMI HOTEL: Miami, FL The roaring 20’s conjures up images of unbridled youth, wealth and glamour. This hotel was at the center of it all… and now the history, the elegance, THE hotel in Miami, can be yours. But unlike the 1920’s, this hotel has been refurbished from top to bottom with an amazing rehab… keeping the old charm, but updating AC systems, cables and wiring, elevators and all mechanicals . 126 rooms and suites exude modern residential style. A one-bedroom penthouse suite is perfect for the discerning traveler.

Travelers expect a hotel restaurant, and this hotel doesn’t disappoint, but think of how delighted guests will be to discover a rooftop bar, with all the views that Miami has to offer. Parking is not required, but the hotel has agreements with neighboring lots for valet, etc. Current owners have applied for a Historical Tax Credit, which has not been received as of this printing.

WBG | Asking price: $42M | Buyer Paid Fee: TBD/ 1.34 BOUTIQUE FLATIRON DISTRICT HOTEL: NYC, NY Modern and New York City go hand-in-hand, especially at this trendy, but established hotel. Madison Square Park, Empire State Building and Union Square are in close proximity. Just blocks from New York’s iconic Flatiron Building, and offering business traveler amenities, this hotel guarantees easy access to major business centers and corporate headquarters. Suites have that loft-like feel with extra high 9.5’ ceilings, modern furnishings and dramatic design. A street level coffee shop/bistro shares the same building, offering a day-long dining menu to guests.

ER | Asking price: $45M | Buyer Paid Fee: TBD © 2016 ProMark Capital Group

2.2 OFFICE BUILDING - CLASS “B”: East San Diego, CA Over 82,000 sf four story office building with an on-site 370-space concrete parking structure, sitting on 2.29 acres, fee simple. Property is free and clear. Built new in 2004. Three prime tenants. 100% occupied with bank/ government offices/ educational offices/health sciences schools-offices on an NNN-lease basis. Lease information needs to be verified. New leases being signed; 52% of the building income is City of San Diego guaranteed until 2034 . Present NOI with the newly signed leases is $2,029,743.

This is being offered at a 7.5% cap rate. Seller is retiring and selling assets.

JFK | Asking price: $28M Firm | Buyer Paid Fee: TBD 2.3 DOWNTOWN OFFICE BUILDINGS: Cleveland, OH These three (3) major downtown office buildings are located in the burgeoning Central Business District. The rebirth of this core business center of Northeast Ohio has seen the influx of over 13,000 residents moving into Class “B + C” office buildings alongside converted warehouses and mixed use structures has forced professional and commercial tenants to move into these class “A” buildings.

All three of these buildings are averaging occupancy rates over 95%. Adjacent parking or contained within the buildings is plentiful. There is ample nearby, convenient public transportation. Great amenities surround these buildings. Reasonable rental rates are lower than most metropolitan cities of comparable size. The buildings are within walking distance to the historic Warehouse District and the Flats entertaining locations.

JFK | Asking price: TBD | Buyer Paid Fee: TBD 2.4 DOWNTOWN OFFICE CLASS A BUILDING: Los Angeles, CA Iconic, historic Class “A” office building in the Central Business District of Los Angeles includes a four level parking structure with ample parking. Easy access to the 110 Freeway, Union Station, major stations of the Los Angeles Metro and commuter bus stops. The building contains 700,000 square feet on over 3 acres. Occupancy is currently at approximately 75% providing the new owner the opportunity to develop profitable benefits from increased rentals. A retail center with attractive landscaped plaza is included with the 600,000 square feet contained in the office tower. An additional pad for construction of another tower is also available. An adjacent property provides the opportunity to be expanded to develop a 360 apartment complex.

BH | Asking price: $350 M | Buyer Paid Fee: TBD 2.5: DOWNTOWN LOS ANGELES: Historic multi-story building with strong bones located in the heart of the

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Off Market Real Estate Program - July 7, 2016 multi-faceted area of downtown Los Angeles experiencing a renaissance. Opportunity to create a mix of high-end retail, hotel and residential in this approximately 1.1million s/f building along the lines of the development currently underway for the nearby Broadway Trade Center in the former May Co. building.

BH | Asking price: TBD | Buyer Paid Fee: TBD

NOI: $158,490 Cap rate: 6% Building Costs: TBD PM | Asking Price: $14.95M | Buyer Paid Fee: TBD

SOLD

2.9 PREMIER CLASS “A” THREE-BUILDING PACKAGE: Stamford, CT sold

2.6 BEAUTIFULLY MAINTAINED HIGH RISE OFFICE BUILDING: Glendale, CA pending contract This existing office building is a beauty as-is, and with an 80% occupancy rate with several national and international tenants, you may want to simply buy the income stream and add value with increased rentals through expansion.

Its cost/sf is on the low side, but several leases are up for negotiation in the next 2 years. The income potential on this property is only upward! The building has 400,000 sf of rentable office space located on 6 acres, but its location would make it a hot property for a condo or even a hotel!

There is an additional 260,000 sf of property available for expansion of more office space/affordable housing. It is located on a main thoroughfare, with an entrance to the Ventura Freeway 1 block away. A short 2 block walk in the opposite direction and you arrive Downtown with its lively restaurants, shops, live theatres, nightclubs and more!

Annual parking revenue of $1M is independent of office rental income, adding an additional source of income on this property without long term rental commitments. pending BH | Asking Price: $120M | Buyer Paid Fee: TBD 2.7 NO WORK NEEDED - 3 STORY OFFICE BUILDING: Rocky River, OH This beautifully maintained brick 3+ story office building is located in one of “the” most sought-after addresses in the Cleveland Metro area. It has close freeway access, nearby public transportation and is in the heart of the city’s retail, business and dining hub! It can even attract young, health conscious tenants with its close proximity to the Metropark’s system of bike trails. Brick is great for Ohio’s weather, and so is the building’s 85 car covered parking. An additional 220 surface spaces means you will never have tenants or guests circling the lot looking for a place to park. 70,000 sf on 2.7 acres. This building is one of the newest office buildings in this well-established and stable community. The owner has an impeccable history as an on-site manager…and it shows in how wonderfully maintained this building is! NOI: $399k AJ | Asking Price: $4.9M | Buyer Paid Fee: TBD 2.8 MIXED USE OFFICE/RETAIL: New Babylon, NY This 2 story, all-brick building is a beauty! Located on a corner and boasting a retail/office with drivethru…the options are endless. New Babylon has a younger demographics and higher than normal income.

Conveniently located near the LIRR train station and within walking distance of the quaint but busy downtown village and shopping district, this building won’t last long! 7,700 sf, © 2016 ProMark Capital Group

2.10 CLASSY S. NAPLES OFFICE: S. Naples, FL This free standing, five-story office building rises above the crowd in beautifully warm & sunny South Naples. The European feel of the Bayfront area is loaded with exquisite architecture, high end shops, galleries and restaurants.

This property includes your own hangar at Naples Municipal Airport, fine dining and hotels makes this 62,000 sf building the perfect location for a corporate headquarters.

Add views of the intercoastal, state-of-the-art construction and an interior layout already suitable for one tenant or owner-occupied AND a building ready for immediate occupancy…now that’s a winning combination! Local attractions such at the Gulf of Mexico (12 blocks), Botanical Gardens, country clubs, and you’ll have no problem getting business associates to come to you! The building does have two separate first floor rental units facing the street.

The lot size is 2.12 acres and there is a sizable parking lot adjacent to the building.

HOW | Asking Price: $17.35M | Buyer Paid Fee: TBD | 2.11 SOUTH NAPLES ‘CLASS A’ TWINS: S. Naples, FL What could be better than a beautiful three-story office building? TWO beautiful buildings, symmetrically mirroring each other, with common areas, ample shared parking and common grounds. These shared expenses mean more of your money falls to your bottom line. Add to the equation that one of the twins is fully occupied and the other is tenant-ready, the options are endless. Located in a high-end, single tenant and owner occupied commercial development, and bordered by the peace and serenity of the intercoastal waterways. Close proximity to Naples Municipal Airport, the beautiful coast, golfing, dining and more, will make it so much easier for tenants to conduct business both in and out of the office…and for you to attract quality, long-term tenants.

HOW | Asking Price: $24.95M | Buyer Paid Fee: TBD 2.12 ST. PAUL SKYLINE TOWER: St. Paul, MN With an estimated 680,000 sf towering over most of its neighbors, this building IS the St. Paul skyline. Centrally located, with a walk score of 96/100, tenants will find it easy to get their employees to and from work. It’s 85% occupancy rate (I did the math on this from their rental info page on website) tells us they are doing things right! Five minutes from Green METRO Green Line at the Central Station and Platform stop. Drivers will be pleased with access to 156 underground parking spaces plus tenants may take a short skywalk to an additional 500 spaces. The building is built for future use of top floors as a restaurant, and has several anchor tenants. The panoramic views of the Mississippi River and Minneapolis aren’t the only breathtaking features of this building – the interior boasts

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Off Market Real Estate Program - July 7, 2016 a beautiful multi-story atrium, handsome finished and architectural details.

PV | Asking Price: TBD | Buyer Paid Fee: TBD | 2.13 CHICAGO LAND TROPHY: Chicago, IL This 31-story, Class A trophy office tower, built in 2003, is located on 2.95 acres within the premier West Loop office submarket. The sale includes the adjacent development parcel for an approved planned development for a mirrorimage. This site is one of the few remaining viable office development sites in the West Loop office submarket.

This 1,111,925 sf tower is one of the most innovative and technologically advanced office properties in Chicago, with a highly attractive 91 percent leased and weighted average remaining lease term of 10.5 years. Major tenant accounts for 68% occupancy. 393 on-site parking spaces for the exclusive use of tenants, a full service, restaurant-quality cafeteria, on-site catering services for meetings and special events, a coffee shop, a state-of-the-art conference center and a rooftop patio garden. LEED-EB Gold certification.

Less than a block away from the city’s busiest commuter train station. NOI: $33M WG | Asking Price: $600M | Buyer Paid Fee: TBD |

SECTION 3: MEDICAL OFFICE BUILDINGS

D E V O M RE

3.1 MEDICAL BUILDING PORTFOLIO removed

3.2 LONG ISLAND CLASS ‘A’ MEDICAL OFFICE/ CONDO: Manhasset, NY Built in 1982, this beautiful medical building is 34 years young! Recent renovations and improvements have given this gem a facelift the best surgeons would admire! Easy access is no problem: located 20 min. from LaGuardia, direct access to LIE, the Northern State and Cross Island Parkway and only minutes from two train stations.

Surrounded by a large affluent residential community and only minutes from North Shore University Hospital and Long Island Jewish Hospital, this could very well be a worthwhile investment opportunity for an Owner/User…a building any medical practice would be proud to call home. The building is 58,137 sf on .89-acre lot. It has 210 covered parking spaces, plus an add’l 30 spaces on an on adjacent lot (IS THIS INCLUDED IN THE PRICE?). Cap rate: 9.3% 12 mo. revenue: $1.8M Projected NOI: $1.3M EON | Asking Price: $14.95M | Buyer Paid Fee: TBD | Building Costs: TBD 3.3 LARGE MEDICAL OFFICE: Hauppauge, NY When we say LARGE, we mean it. This building has 164,351 sf of gross leasable area. It has $1.6M in capital improvements since 2008. Cap rate: 7.9% NOI: $3M Building Costs: TBD EON | Asking Price: $38M | Buyer Paid Fee: TBD

© 2016 ProMark Capital Group

3.4 A DESERT GEM OF A MEDICAL OFFICE: Phoenix AZ Talk about location! How could a medical building get any closer to the rumored action on the hospital front? Located a few blocks north of Rt. 10 and within the Rt. 202/Rt. 17/Rt. 10 loop. Built in 1985, this building is a structural and architectural beauty, and in the midst of undergoing improvements in the common areas. 29,088 sf and only 1,000 sf are currently leased, so the opportunities are endless for increasing rents as the surrounding action unfolds.

WG | Asking Price: $3.3M | Buyer Paid Fee: TBD 3.5 “CLASS A” MEDICAL - 8 STORY BEAUTY: Encino, CA Conveniently located off 101 and 405 interchange and within walking distance of Encino Hospital and Medical center. This 8 story building has 127,774 sf. Every landlord’s dream…renters include a first floor bank, urgent care and pharmacy (medical may be grandfathered) plus 7 more floors of office suites. After hour security, closed circuit camera’s, state of the art fire alarm system, fiber optic, pre-wired cable, premier internet services. The higher the floor, the more fantastic the views of the San Gabriel Mountains. The lot is a roomy 1.18 acres with subterranean, ground and rooftop parking. Close proximity to bus lines.

PV | Asking price: $109M | Buyer Paid Fee: TBD

SECTION 4: RETAIL

D E V O REM

4.1 RETAIL SHOPPING CENTER PORTFOLIO: removed 4.2 RETAIL CENTER: Santa Clarita, CA. This property is located in the rapidly growing populated area of Santa Clarita, California and contains a multitenant shopping center located on 8 separate parcels. The footprint consists of 133,460 sf on 23 acres. The center was originally built in 2008 and is currently 98% occupied. It includes parking spaces for 870 cars. Title will be delivered with no debt.

RE | Asking price $35M | Buyer Paid Fee: TBD 4.3 SOUTHERN ORANGE COUNTY CORPORATE CENTER: sold 35 Individual showrooms + Visitor center 14 acre property located in Southern Orange County. Easy access! Ideally located by Interstate 5, 405, the 73 Toll Road, and Pacific Coast Highway. 35-40 corporate showrooms, mix of international corporate and local sought-after tenants.

Current tenants attract high end clientele. An on-premises visitor center is equipped with state of the art Wi-Fi access, theater presentation areas, conference rooms and kitchen facilities. This beautiful facility may be utilized in whole or in part for educational seminars, hosting events or event meeting with clients. Parking encircles the property, ensuring clients the ease of parking within close proximity of their destination. Walking distance to elementary and

SOLD

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Off Market Real Estate Program - July 7, 2016 high school, park, soccer fields, Whole Foods and more.

BH | Asking Price: $60M | Buyer Paid Fee: TBD 4.4 SINGLE LEVEL SHOPPING CENTER: Carlisle, PA Welcome to Hometown, USA. This attractive, multi-tenant plaza is a mainstay in Carlisle. Everyone knows where it is, and nearly everyone on this side of town shops there on a weekly basis! Located on a main thoroughfare, surrounded by banks and churches, this plaza is a short walk away from the surrounding neighborhoods that make up this tight-knit community. Carlisle was even voted “second-best place to raise a family” by Forbes in 2010. The shopping center has 54,207 sf and is situated on 5.4 acres. Plenty of flat (in PA that’s a plus!), well-lit parking with 272 spaces and easy street access (there is a traffic light at one entrance) make is a shopper’s dream! This building was renovated in 1998 and has a very eye-pleasing façade. It has 100% occupancy with National chain retail stores. It is zoned C-4 commercial and is adjacent to a free-standing national chain pharmacy.

HOW | Asking Price: $ 6.6M | Buyer Paid Fee: TBD 4.5 RETAIL SHOPPING PLAZA WITH NICE TENANT MIX: Oxnard, CA This plaza has lots going for it already, with potential galore! 80,915 sf on 7.94 acres. Placed on the corner of two busy streets (26,000 and 18,000), there is easy access to the large parking lot with a very generous 5 spaces/1,000 sf. The building has several mixed-use tenants and 81% occupancy. One large anchor with 22,100 sf was completely remodeled in 2004. Several other interior remodels in 2013-14. A little bit of TLC on the exterior, and this property will have full occupancy, plus will be good to go for another 30 years. Numerous projects have been developed in the immediate area in the last 10 years, including condos, houses, duplexes, commercial & industrial developments. Possibility of assuming current mortgage until June, 2017.

PV | Asking Price: $ 16.8M | Buyer Paid Fee: TBD

© 2016 ProMark Capital Group

SECTION 5: MULTI-FAMILY

SOLD SOLD

5.1 MULTI-FAMILY PROJECT: Baton Rouge, LA. sold 5.2 HIGH RISE APARTMENT COMMUNITY: Silver Spring, MD sold 5.3 PRIME COASTAL LOCATION FOR MULTI-FAMILY DEVELOPMENT: Santa Monica, CA This prime development site will enable construction of approximately 300 units.

BH | Asking Price: $500M Buyer paid fee: TBD

4.6 FREE I-580 ADVERTISING SHOPPING CENTER: Reno NV pending contract This neighborhood landmark shopping center was built in 1972, and has recently undergone a renovation and has a very attractive façade. The back of the free-standing building faces the freeway, so thousands of cars see free advertising on the building every single day. Located on a corner with a large parking lot and lots of frontage, shoppers will have no problem getting to the stores. 90% of the tenants are national majors and the property enjoys high traffic. It is conveniently located 1 block from a freeway entrance to the major freeway heading south from downtown Reno. The building has a total of 133k sf located on 12.3 acres. Units ranging in size from 4,800 sf to 30,000 sf of contiguous space. Ample room on the parcel to construct three new buildings containing a total of 16,000 sf HR | Asking Price: $ 23M | Buyer Paid Fee: TBD

G N I D N PE T C A R T CON

4.7 TURNKEY GRAVESEND RETAIL: Brooklyn, NY Conveniently located 5 blocks from Ocean Parkway, this single level retail strip is comprised of three buildings, and needs one thing from its owner…to collect rent checks!

Total of 61,180 sf, including below grade and mezzanine space. Fully leased to five tenants, including National retailers and a national bank. And…in the land of rental controls, this property has built-in rental increases: 2 tenants – 10% increase every 5 yrs, 1 tenant – 5.5% every 5 yrs, 1 tenant – 2% every yr, 1 tenant – 6% every 2 yrs. In fact, these rent increases reimburse a substantial portion of RE taxes. Potential future development with106,377 sf of air rights. Located in a wonderful neighborhood with a who’s who of retailers, restaurants, gyms etc. The building straddles two busy streets on a nice busy corner, and had a bus stop right in front. 5% cap rate NOI: $2.2M YP | Asking Price: $45M | Buyer Paid Fee: TBD | Building Costs: TBD

5.4 INTEGRATED CCRC COMMUNITY: Calimesa, CA Proposed complete CCRC community integrated with Hotel facility available consisting of an aggregate of 623,574 s/f with the following components : 1) Casitas - 18,480 s/f; 2) Senior Independent Living - 335,754 s/f; 3) Medical Facilities - 30,000 s/f; 4) Cluster Housing - 117,640 s/f; 5) Hotel - 93,000 s/f; 6) Retail - 22,500 s/f; 7) Restaurant 6,200 s/f. Prime for development to be built, owned and managed.

BH | Asking price: $25M | Buyer Paid Fee: TBD JV welcomed 5.5: MIXED USE SENIOR CITIZENS DEVELOPMENT: Alhambra, CA Mixed use project oriented toward senior citizens in this rapidly growing community in the wealthy San Gabriel Valley with a majority Asian demographic. The plan provides for the following components: i) 133 three story townhouses with an average of 1,450 s/f; ii) Medical facilities -30,000 sit and iii) Retail - 14,000 s/f. Ample parking is designed to the plan consisting of 224 spaces, including 82 underground for commercial use and 466 spaces for residential use. This is a premium build , own, and manage opportunity.

BH | Asking Price: $40 M | Buyer Paid Fee: TBD

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Off Market Real Estate Program - July 7, 2016 5.6 COMMERCIAL DEMOLITION COMMERCIAL OR MULTI-FAMILY OPPORTUNITY: Orange County, CA. Five sites are composed of multiple development parcels .

Presently designated as Class B Commercial Space. The can be permitted for Multi-Family or Condo mapped units.

The additional parcel can be expanded into residential, condo or retail. It is estimated that up to 300 units could be developed on the site.

BH | Asking Price: $300M | Buyer Paid Fee: TBD 5.7 APARTMENT BUILDING DEVELOPMENT ADJACENT TO NORTH HOLLYWOOD ART DISTRICT: North Hollywood, CA Apartment building development site in NOHO; ready to start ASAP with all entitlements in place for a 5 story building with 90 units containing 2 level subterranean parking with 129 stalls. Pool, spa, rental office, computer room, and bicycle racks will be part of the overall amenities. Type III construction contemplated. The unit breakdown is as follows: 36 singles, 44 one bedroom, 10 two bedroom. Most units will have balconies. Attractive courtyard, recreation + gym, pool, spa. Computer rooms.

Building costs in the process of being formulated.

Proposed and projected revenue being determined.

Financing on this project may be available to a qualified developer/investor.

PV | Asking Price: TBD | Buyer Paid Fee: TBD 5.8 APARTMENT BUILDING DEVELOPMENT IN NOHO DISTRICT: North Hollywood, CA Apartments to be built, developed, and managed near Universal Studios. Type III Construction consisting of 46 units in one 4 story building each of which will include balconies of 750 square feet. The unit breakdown consists of 20 single units and 26 one bedroom units. Two levels of street parking; one street-level and one subterranean level with 47 stalls are included . A 2,900 square foot roof sundeck with amenities will also be included.

PV | Asking price and building costs: TBD | Buyer Paid Fee: TBD 5.9 NOHO DISTRICT APARTMENT BUILDING DEVELOPMENT: North Hollywood, CA Proposed apartment building on two lots in the heart of NOHO, nearby to Universal Studios. The four story building will include 36 units, 28 one-bedroom and 8 two-bedroom units with one street level garage and one subterranean level parking garage. Amenities to include: 950 square foot gym, 1500 square foot balconies, 985 square feet of courtyard/sundeck and a 940 square foot lobby. Entitlements are fully completed and ready to start construction.

PV | Asking price and building costs: TBD | Buyer Paid Fee: TBD 5.10 CALIFORNIA RESIDENTIAL: Glendale, CA Premier Glendale location! Walking distance to the Glendale Galleria and the Americana at Brand iconic mall/ © 2016 ProMark Capital Group

entertainment centers. Proposed development is a 71 unit residential multi-family with 5 stories and mezzanine.

Two levels of subterranean parking with 162 spaces are included. Amenities to include: pool, recreational room, washer and dryer hookups in all units. Class A project – Rare first time on the Market Opportunity!

PV | Asking Price and Building Costs: TBD | Buyer Paid Fee: TBD 5.11 KOREATOWN-APARTMENT BUILDING DEVELOPMENT: removed 5.12 DOWNTOWN HIGH RISE MULTI-USE DEVELOPMENT: Los Angeles, CA Prime downtown, unique development location for high rise development including hotel, condos, apartments and mixed use. Development will include two towers consisting of 44 and 76 stories – utilizing a total of six separate parcels all of which have been fully entitled. The first 15 floors will be the upscale five star hotel; floors 16 to 44 will be high end condominiums. The second tower will have 772 living units ranging from $400,000 to multimillion dollar penthouses. The complex will be served by 18,000 square feet of retail space, two roof top pools, and a 50 seat theatre for condo owners. Building costs: to be determined. JV opportunity would be considered. Projected revenue and earnings to be provided upon receipt of an NCND. BH | Asking Price: $85M | Buyer Paid Fee: TBD 5.13 CITY OF LAKE ELSINORE-APARTMENTS AND TOWN HOUSE DEVELOPMENT: Lake Elisinore, CA Temecula Valley. This 13.62 acre site consisting of two parcels will be able to contain 161 apartments/town houses. Building costs to be determined. Revenues and projected earnings to be provided upon executing an NCND. BH | Asking price: TBD | Buyer Paid Fee: TBD 5.14 PARCEL FOR MIXED USE DEVELOPMENT: Santa Ana, CA Build whatever your heart desires! Empty parcel consisting of approximately 3.2 acres in Santa Ana/ bordering Tustin for mixed use or new owner’s design and development to include 160 units. Convenient location between the 5 and 55 Freeways. Building costs to be determined.

BH | Asking price: $11M | Buyer Paid Fee: TBD 5.15 LOS ANGELES APARTMENT BUILDING DEVELOPMENT: Los Angeles, CA Proposed development is a five story multi-family apartment building with two levels of subterranean parking; 64 single units, 38 one-bedroom units, and 6 two-bedroom units. Type III Construction. A multitude of amenities to include: balconies, a courtyard, a rear yard, gym, recreation room, other open spaces, concierge, rental office with private bathroom, a high ceiling lobby, and bicycle racks. Building costs to be determined.

BH | Asking price: TBD | Buyer Paid Fee: TBD

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Off Market Real Estate Program - July 7, 2016 5.16 “NEARLY” BEACHFRONT CONDO IN “ART DECO” DISTRICT: South Beach, FL This condo has best of both real estate worlds…the attraction of high-end shopping, famously crazy nightlife and gorgeous beaches AND a nice quiet neighborhood in the iconic Art Deco District. 1 block from the beach means it’s within walking distance! Perfect situation to step into income generating property or value add opportunity. Many high end developments within close range, so tons of potential. 22,500 sf lot with 30 existing units all with balconies, on 4 levels, (21one-bedroom and 9 two-bedroom units) plus 36 coveted parking spaces. Additional 600 sf meeting room on premises.

Fully entitled and zoned for 39/multi med density.

TR | Asking Price: $ 12M | Buyer Paid Fee: TBD 5.17 ECHO PARK DOWNTOWN ADJACENT: Los Angeles, CA This complex takes up nearly the whole enormous block!

Only blocks from US 101 near the 110 Freeway. Permits are ready to be pulled and construction to begin! Potential for 20k sf commercial and 200 residential units. Plans for 46 units to be affordable rent, with rent levels to be decided. Ability to add more units if senior housing is offered. With a medical center and community center only 2 blocks away, the location for seniors would be ideal.

Convenient public transportation. HUGE equity potential, estimated value of $159M with projected $92M in building costs, BH | Asking Price: $18M | Buyer Paid Fee: TBD 5.18 243 UNIT APARTMENT BUILDING: Reno, NV pending contract This 11 story apartment building was built in 1980, then converted in 2006 from a major hotel chain to an apartment building. It offers a variety of units ranging from extra-efficient studio apartments to 1 bd/1ba units. Small living is all the rage, and this building has 243 beautifully updated units that fit that lifestyle and more. Kitchenettes, hardwood floors and granite countertops offer the aesthetic people want today, and quasi-hotel living offers many amenities (and sources of income for the owner), that traditional apartments lack, such as optional furnished apartments, laundry service, fitness center and executive business center for those self-employed tenants. It has an ideal location for those interested in all Nevada has to offer…several casinos and the Reno Events Center are just a few blocks walk from the building and the University of Nevada at Reno. Open to joint venture opportunity.

HR | Asking Price: $12M | Buyer Paid Fee: TBD

G N I D N PE T C A R T CON

5.19 SIX-BUILDING PACKAGE: 143 APARTMENTS + 8 RETAIL: Manhattan, NY Your search for purchase-worthy buildings is over! Your empire will start near the East River (what neighborhood?), mid-Central Park area and extend down the lower east side. Yorkville, Kips Bay, Lower East Side and East Village…143 Units in all, plus 8 stores equaling 89,643 sf. © 2016 ProMark Capital Group

Location is everything in the Big Apple, and we’ve got it covered. All buildings are within walking distance to major public transportation such as the 4, 5, 6 subway lines. All properties have undergone major building improvements, and only one elevator to worry about. NOI: $3.8M Cap rate: 3.8% GRM: 19.5 x RR Price per unit: $689,510 Building Costs: TBD YP: Asking Price: $98.6M | Buyer Paid Fee: TBD

5.20 LARGE 160 UNIT RETAIL/MULTI FAMILY: Los Angeles, CA This property’s entitlement is underway, and soon the 271,119 sf lot will be ready for the shovel! An amazing location near the I-10 CA 110 interchange. ½ block from a bus station. 160 total units (67 studios, 81 one-br, 12 two-br) in a proposed building of 32,500 sf overall, which includes an amazing 23,770 sf of retail! With this kind of population density, all types of retail would thrive! Plans call for competitive rental rates with all top-of the-line appliances. Parking is an absolute premium in LA, and this property’s got plenty…as in 68, 568 sf in 2 levels of basement parking! 34 commercial and 139 residential spaces. Trash and equipment rooms are also housed in the garage area, keeping the building nice and tidy.

PAR | Asking Price: $25M | Buyer Paid Fee: TBD | Building Costs: TBD 5.21 TWO BUILDING PACKAGE BEDFORD STUYVESANT: Brooklyn, NY You know the time to buy is before a neighborhood gets really hot, right? Well, keep reading then, because these two buildings are conveniently located only two blocks from each other in the historic neighborhood of Bedford Stuyvesant, which has perhaps the largest collection of intact and largely untouched Victorian architecture in the country, with roughly 8,800 buildings built before 1900. Reasonable prices are driving a renaissance of the neighborhood, including a revival of commercial strips with new restaurants and bars. The buildings have a combined 13 units and a storefront, and best of all, the majority of it is vacant…ready for a new lease on life!

YP | Asking Price: TBD | Buyer Paid Fee: TBD | Building Costs: TBD 5.22 CENTRAL PARK CONDO/HOTEL: NYC, NY What is the newest and hottest way to live? Like you were on vacation 365 days a year. 94 Units are Condominiums 90 stories with the luxurious lifestyle benefits that only a five-star, world-class hotel could possibly provide. Condo units include the longest south to north residential views of Central Park! Towering above the park and above the clouds, the light in this building will amaze its tenants/ owners. At the foundation of this towering beauty is all of the luxury a traveler could expect. Just when you thought

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Off Market Real Estate Program - July 7, 2016 you’d heard it all, the amenities provided will surprise even the most well-seasoned traveler. 210 generously sized guest rooms (they average over 530 sf each), including 92 luxury suites. An 1,845-square-foot fitness center, indoor pool, gourmet dining and bar will allow the business traveler to unwind after an action-packed day. Conveniently located equidistant between JFK and Newark, and even closer to LaGuardia. Subway stops the N, R, Q Lines nearby. 2015’s = NOI $15M, by year 3 expected to be $30M 3 point cap rate EON | Asking price: $460M | Buyer Paid Fee: TBD 5.23 PLANNED RENO IN FLATBUSH: Brooklyn, NY PLENTY of upside once renovations, slated for 2016-2017 are completed and projected NOI’s take off from there.

The numbers have taken renovations into consideration, making it a huge buyer opportunity! Flatbush is in the midst of gentrification … February 2016, Flatbush was one of four neighborhoods featured in an article in The New York Times about “New York’s Next Hot Neighborhoods”.

The subway’s BMT Brighton Line and the MTA Regional Bus Operations make transportation a breeze. Brooklyn is home to some of America’s most up-and-coming employers, such as Etsy, Vice Media and Amplify. 974 vacant units. A clean slate. You determine the rental pool, and by the sounds of it, your rental office will have an easy time finding qualified renters. Projected NOI figures are 2016: 3.2% (pre-reno), 2017: 1.5% (during reno), 2018: 10.6% restabilized, 2019: 13%, 2020: 14% WBG | Asking price: $460M | Buyer Paid Fee: TBD

SECTION 6: INDUSTRIAL 6.1 223 ACRES, SHOVEL READY INLAND EMPIRE: Beaumont, CA Approximately 2.8 million sf available in prime location with room for two large distribution centers . The site is totally entitled, permitted and shovel ready. Plans available for a Building A consisting of 1,867,040 s/f and a Building B consisting of 1,000,l70 s/f. Financial projections include total revenues of approximately $114MM and $62MM, respectively for a total of $176MM. Operating costs are estimated at $129MM resulting in a net projected estimated profit of $47MM, a profit margin of 26.59% with an attractive rate of return of 31.23% and an expected cap rate of 6.21%.

BH | Asking Price $30 M (land only) | Buyer Paid Fee: TBD

SOLD

6.2 SPRAWLING LOCATION NEAR DOWNTOWN: Los Angeles, CA sold

© 2016 ProMark Capital Group

SECTION 7: LAND DEVELOPMENT OPPORTUNITIES

SOLD SOLD D E V O M RE

7.1 PRIME “GOLDEN TRIANGLE” DEVELOPMENT SITE: Beverly Hills, CA sold 7.2 FOURTEEN HOME ESTATE DEVELOPMENT PROJECT: San Marcos, CA sold 7.3 BEACH ADJACENT RESIDENTIAL DEVELOPMENT PROPERTIES: Seal Beach, CA removed 7.4 HUDSON YARD DEVELOPMENT NYC: Hudson Yards, NY Situated in the heart of the dynamic new Hudson Yards District. This site will be a gateway for Manhattan’s new West Side slated to be an icon of green architecture. The Site is approximately 300,000 s/f delivered, core to shell, with panoramic views. Ideal for 5 star plus hotel and/or luxury condos. Top 26 floors of a 66-floor building to be topped out in 2018. Floor to ceiling glass with finished ceiling heights at 10’ minimum.

BH | Asking price: $2000 per foot | Buyer Paid Fee: TBD 7.5 SAN DIEGO CONVENTION HOTEL SITE: San Diego, CA This project consists of a parcel located near San Diego’s premier open-air sports arenas. The initial concept design has been approved. The Convention Hotel parcel is 140,000 sf and allows for a maximum FAR of 12.25.

Current entitlements would require 300k GSF of office and approx 60,000 GSF of retail, but the city would be amenable to relieving the office/retail requirements in exchange for a hotel use. It has been designed for 1800 rooms, 17,830 sf of restaurants and retail, along with 175,896 sf of Meeting/Event Space.

BH | Asking price is $85M | Buyer Paid Fee: TBD 7.6 BAY FRONT: Newport Beach, CA sold Multifamily Retail and/or Hotel Site - Situated in famed Mariners Mile in Newport Beach, The site is comprised of 3 parcels; two of which front the Bay and the other fronts on fronting Pacific Coast Hwy. Site is approximate 8.76 Acres.

Two independent studies provided schematics of two story bay front with Retail and Residential. Additional parcel could be multifamily or condos with retail.

BH | Asking price is $85M | Buyer Paid Fee: TBD

SOLD

SOLD D E V O M RE

7.7 1,000 FINISHED LOTS: Tamarack, ID: sold 7.8 96-ACRE ESTATE HOME DEVELOPMENT SITE: removed

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Off Market Real Estate Program - July 7, 2016

SOLD

7.9 PORTFOLIO OF PROPERTIES: Newport Beach, CA sold 7.10 LUXURY LAND DEVELOPMENT OPPORTUNITY: Beverly Hills, CA removed Recorded Tract Map and multi-acre finished residential estate view lots on over 100+ acres, all with hilltop views of the city. All utilities and off-sites are in. This assemblage of premier estate sized lots is now available for purchase and development.

JFK | Asking Price: $145M | Buyer Paid Fee:TBD

D E V O M RE

7.11 HOTEL/COMMERCIAL DEVELOPMENT OPPORTUNITY: Newport Beach, CA Development site consisting of 3.64 acres facing the Marina with an ocean view can now be developed into a hotel and a separate condominium project with available high-end commercial retail space. sold BH | Asking Price: $85M | Buyer Paid Fee: TBD 7.12 SILICON BEACH APARTMENT DEVELOPMENT OPPORTUNITY: Los Angeles, CA One of the most sought after locations in SoCal. Silicon Beach is considered the second- or third-largest tech hub in the world, and those techie employees want high end living! Two parcels totaling 2.97 acres so close to the beach, you can feel the sand between your toes. This property will not sit for long. Currently zoned for 160 condos or apartments (based on R-3 density, 800 sf/ unit), BUT Senior housing may be increased AND is not restricted to low income! LACA 4 zoning would allow R-4 equivalency.

PV | Asking Price: $40M | Buyer Paid Fee: 2% | Building Costs: TBD 7.13 71 UNIT MULTI-FAMILY APARTMENT/CONDO: Glendale, CA Proposed 71-unit residential property. Very nice neighborhood of newer construction apartments and condos, and even nicely kept single family homes.

Short walking distance to downtown public transportation.

Strong community development to assist in making this a special place to live and to enjoy all that life affords. Located in a Who’s who of southern California destinations: Disney Studios, the Griffith Observatory, Rose Bowl Stadium and walk to major upscale shopping…

The Americana at Brand! The final Entitlement Approval has been received from the city, so it is ready to go!

PV | Asking Price: $9.5M | Buyer Paid Fee: TBD 7.14 FULL BLOCK FOR DEVELOPMENT IN PRIME AREA: Charlotte, NC Literally minutes from downtown Charlotte! This 3.58 acres parcel couldn’t be any closer to the transportation you need! Business travelers will love the proximity to downtown’s hotels, nightlife, shopping and only a 20-minute ride to the airport. 1.8 miles from downtown

© 2016 ProMark Capital Group

Charlotte, a little over 1 mile to the Rt. 277 interchange, built around the light blue rail, .3 miles from Amtrak station and walking distance to a bus stop. Nearby traffic counts of 20-24,000+ cars! Could it get any better? Located in a PRIME location within Charlotte and Zoned for I-2, the immediate neighborhood includes a post office, brewery, restaurants, parks and more.

HOW | Asking Price: $ TBD | Buyer Paid Fee: TBD 7.15 11 SQUARE MILES - RAW LAND: Southeastern Kentucky This parcel is SO big, we don’t even measure in acres!

Of course, we will if you want us to, but just know it is BIG. There are SO many varied opportunities with this property, it just begs to be subdivided into 20-50 acres parcels. Now its rich and varied resources could be fully developed into its true potential. This land is 4 miles north of the Tennessee border and is minutes from a National Forest. It may sound like it’s off the beaten path, but it is conveniently located just on the eastern side of the I-75 North-South corridor. has easy access to CSX rail lines, has 4 municipal airports within a 25-mile radius AND 50% of the US population is within 600 miles! Whitley County has a population of 38k people. Adding that it is rich in industrial minerals and it could easily be an excellent industrial site! It is also in the heartland...surrounded by the wilderness and wildlife which so many travelers and vacationers seek. This is a truly spectacular piece of property and its potential is endless…as are its views.

Raw land is still a great value in Whitley County. No title encumberances, and one of the last opportunities for raw land of this size with land, timber and mineral rights in the entire Appalachian region.

KD | Asking Price: $16M | Buyer Paid Fee: TBD 7.16 MAJOR Rx TENANT & MULTI-FAMILY KOREATOWN OPPORTUNITY: Los Angeles, CA sold This property already has a National Rx Retail Tenant lined up…and it’s NO wonder! This property is situated blocks from a 101 entrance/exit ramp. A few blocks in the other direction and you’re on 110. The rent from the Pharmacy Retail alone justifies over ½ of the asking price! We’re not getting any younger, and this is the fastest expanding segment in retail today. Based on a cap rate of 4%, that’s an $18M value. Six lots combined total 34,494 SF and if ½ of an adjacent alley’s width is added, the total SF increases to 38,894 for design purposes. The property is fully entitled for 175 units, on a mere $97k per unit. With this great location and prospective tenant, this property won’t last for long.

BH | Asking price: $35M land only | Buyer Paid Fee: TBD

SOLD

7.17 RETAIL & MULTI-FAMILY KOREATOWN OPPORTUNITY: Los Angeles, CA At 58,000 sf, this is one of THE largest undeveloped

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Off Market Real Estate Program - July 7, 2016 tracts of land in the area…and it could be yours! The plans are ready to go for 5,000 sf of retail and 166 units (of which only 7 are low income!). It’s a renter’s dream location…1,500 ft from the Metro, and on the ONLY street with a bicycle lane to downtown LA. 5 min commute to downtown LA and USC. The location will attract families who will want to stay for years…within just a few blocks of are a recreation center, MacArthur Park and the newly opened Robert F. Kennedy schools (K-12). With average rent for market rate units at $3.05 /sf and low income requirements at a bare minimum, your bottom line will be nice and healthy. Estimated 46 mo. Project length.

Entitlement project to be completed by December and the property will be delivered fully entitled. Planned amenities include: Pool, Fitness Room, Rooftop Deck, Bike Kitchen, Bike Parking, Pet Washing Area, Event Room, Large Mail Receiving Room, Security Guard. The plans are absolutely gorgeous, but you still have opportunities to modify floor plans. Total development costs (including acquisition costs) estimated at $56.6M. BH | Asking price: TBD Buyer Paid Fee: TBD

SECTION 8: ENTERTAINMENT

7.18 50 IMPROVED LOTS, READY TO BUILD: Casa Grande, AZ They don’t call is the Sun Belt for nothing, and Casa Grande has all of the blue skies and sunshine a homeowner could ask for. Pinal County has recently been in the top counties in the country for new residents. As the Rt. 10 corridor between Phoenix and Tucson gets more populated, Casa Grande is now becoming a destination for not just snow birds, but also families who want buy homes in a well-established community with good schools and affordable housing. Casa Grande is home to employers Walmart Distribution Center and Frito Lay, among others.

These lots are improved and ready to build. Land is flat for a nice easy build. Typical lot size is 110 x 60. Neighboring homes are priced in the $150k to $200k range, so there is plenty of room for profit.

GW | Asking price: $1.8M Buyer Paid Fee: TBD | Building Costs: TBD

10.1 PLANE HANGER: Naples FL How do you make a hanger a profitable endeavor? Lease it to a major fractional private jet and aircraft ownership companies - and - have a desirable location. Florida is the 19th largest economy in the world, and the top brass are NOT flying coach. Interested parties may request leases with a signed NCND. NOI: $480k, 7.8% cap rate (appraised at 5.9%) HOW | Asking Price: $6M | Buyer Paid Fee: TBD

7.19 THREE ACRE, FULLY ENTITLED 274 UNIT Incl.

LIVE/WORK OPPORTUNITY: Woodland Hills, CA This is an outstanding location in the desirable Woodland Hills Warner Center submarket. The “small town” feel is in and this location is within walking distance to the newly build open-air retail center The Village at Westfield Topanga. Westfield Topanga regional mall and Westfield Promenade shopping center with nearly 350 top brands, restaurants and entertainment options are also nearby.

This infill development parcel is fully entitled for 274 units, 11 of which are live/work units…and, just like the “small town” feel, is what people are asking for these days. PLUS entitlements to build a second phase office building with 66,500+/- sf. Building Costs: TBD BH/PV | Asking Price: $60M | Buyer Paid Fee: TBD

© 2016 ProMark Capital Group

8.1 COSTA MESA RESTAURANTS & CINEMAS: Costa Mesa, CA Entertainment plaza located in Downtown Costa Mesa. Ideal location by the 55 Freeway. PREMIER Destination in Costa Mesa with a multitude of shops and activities to provide patrons with a great, enjoyable evening. This plaza includes restaurants, a movie theatre, salon, fitness center, and nightclub. 5% Cap BH | Asking price: $80M | Buyer Paid Fee: 3%.

SECTION 9: LENDING, EQUITY AND JOINT VENTURE OPPORTUNITIES In addition to the specific properties that described in this Newsletter we can introduce situations where financing at various levels would be entertained. Joint Venture opportunities are also available.

SECTION 10: MISCELLANEOUS

Be sure to continue to page 14 for custom searches and upcoming attractions!

July 7, 2016

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Off Market Real Estate Program - July 7, 2016

SECTION 11: CUSTOM SEARCH If you can’t find what you’re looking for, know you want an opportunity, but are unsure of what your desired property could be? LET US HELP! We have our finger on the pulse of potential sellers throughout the country. Anyone can find a property that is already listed, but you need to be on the “inside track” to get to the ones that are off-market opportunities...before other buyers do, and everyone knows about them!

Please give some detailed thought to your parameters and what you are looking for:

• Category?

• Land Development?

• New Construction?

• Turnkey?

• Desired Geographic Region?

• Price range?

See our 9 sections above or tell us if we’re missing one. Any details that can help us locate the perfect property for your portolio would be greatly appreciated.

SECTION 12: COMING ATTRACTIONS If we told you we had a lead on the following “Off-Market” properties, would you be interested? Here are a few last minute properties that didn’t make it into the newsletter. Let us know if you’d like details.

New York City, NY - Midtown Hotel South Beach, FL - Niche 40-room Hotel Nationwide Locations - Assisted Living Projects

Please give Bruce Felder a call at 216.765.2622 or email him at Bruce@ForumConsultingService.com

DISCLAIMER: Any information presented in this package or as part of the ongoing discussion and/or negotiation of the subject matter may be based upon material obtained from neither. Neither ProMark Capital Group, Inc. (ProMark) and Forum Consulting Service, LLC (Forum), The McMonigle Team nor Berkshire Hathaway guarantee the completeness or accuracy of the materials contained herein. All persons evaluating any materials provided in this package or in other data transmissions by ProMark and/or its affiliates on the subject matter are urged to conduct their own due-diligence and verify all such information. We make no independent representations or warranties of any kind with regard to the material contained herein. Therefore, Prospective Buyer is hereby advised to conduct his or her own investigation, retain his or her own experts and independently verify the information provided. Prospective buyer is solely responsible for conducting an independent investigation into the property to make a fully informed decision with regards to the property. We shall not be liable for any general, special or consequential damage, cost, diminution in value or other loss Prospective Buyer may suffer as a result of Prospective Buyer’s failure to independently investigate the property as advised herein. We do not provide legal, tax, accounting or regulatory advice.

Sender is NOT a UNITED STATES SECURITIES DEALER nor BROKER nor U.S. Investment Adviser. Sender is a Consultant and Adviser, and in some instances a PRIVATE INVESTOR. This e-mail letter and any attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents you, as the recipient, hereby acknowledge this warning and disclaimer. If acknowledgment is not accepted, immediately return these document copies, in their original receipt condition and delete the original, without making any copies.

© 2016 ProMark Capital Group

July 7, 2016

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