Coronado Business Park
2972 Stender Way and 2901,
3000 & 3001 Coronado Drive
Santa Clara, CA

Date Purchased: March, 2007
Purchase Price: $34,500,000
Sale Price: $36,601,513
Sale Date: April, 2007

Overland Court
955 Overland Court
San Dimas, CA
86,300 Square Foot Office Building

Date Purchased: November, 2005
Purchase Price: $9,540,000
Sale Price: $21,107,896
Sale Date: April, 2008
Internal Rate of Return: 26.28%

Kaepa Court
5100 and 5410 Kaepa Court
San Antonio, TX
174,762 Square Foot
Multi-Tenant Industrial

Date Purchased: June, 2004
Purchase Price: $3,950,000
Sale Price: $5,815,000
Sale Date: May, 2008
Internal Rate of Return: 14%

Terrado Plaza
750 Terrado Plaza
Covina, CA
60,006 Square Foot Office Complex

Date Purchased: June, 2003
Purchase Price: $5,250,000
Sale Price: $8,500,000
Sale Date: December, 2004
Internal Rate of Return: 48%

NDS Facility
851 N. Harvard Avenue
Lindsay, CA
150,000 Square Foot
Warehouse Facility

Date Purchased: June, 2003
Purchase Price: $3,587,500
Sale Price: $5,300,000
Sale Date: January, 2005
Internal Rate of Return: 41%

Alton Plaza &
Von Karman Office Center
1733 & 1833 Alton Parkway
& 18511 Von Karman
Irvine, CA
206,451 Sq Ft &
74,094 Sq Ft Office Buildings

Date Purchased: February, 2003
& October, 2002
Purchase Price: $26,775,000
Sale Price: $45,900,000
Sale Date: April, 2005
Internal Rate of Return: 29.59%

Warner Park Center
21800 Burbank Boulevard
Woodland Hills, CA
58,500 Square Foot Office Building

Date Purchased: January, 2001
Purchase Price: $9,000,000
Sale Price: $12,000,000
Sale Date: March, 2004
Internal Rate of Return: 23%

Cahuenga Associates
3151 Cahuenga Boulevard
Universal City, CA
35,500 Square Foot Office Building

Date Purchased: January, 2000
Purchase Price: $3,750,000
Sale Price: $4,850,000
Sale Date: June, 2001
Internal Rate of Return: 35.68%

Thousand Oaks Corporate Center
225 W. Hillcrest Drive
Thousand Oaks, CA
157,000 Square Foot Office Building

Date Purchased: November, 2000
Purchase Price: $24,250,000
Sale Price: $29,000,000
Sale Date: September, 2002
Internal Rate of Return: 30.76%

Corporate Center
761 Corporate Center Drive
Pomona, CA
62,036 Square Foot Office Building

Date Purchased: June, 1999
Purchase Price: $5,750,000
Sale Price: $12,674,321
Sale Date: September, 2006
Internal Rate of Return: 23%

PGA West Resort
La Quinta (PGA West Golf Course)
CA
36 Lot Residential Subdivision

Date Purchased: May, 1999
Purchase Price: $1,750,000
Sale Price: $2,784,000
Sale Date: June, 2000
Internal Rate of Return: 20.7%

Universal Court
4130 Cahuenga Boulevard
Universal City, CA
72,283 Square Foot Office Building

Date Purchased: April, 1999
Purchase Price: $8,800,000
Sale Price: $13,525,000
Sale Date: August, 2002
Internal Rate of Return: 17.35%

Sa Victory Apartments
13850 Victory Boulevard
Van Nuys, CA
35 Unit Apartment Building

Date Purchased: July, 1997
Purchase Price: $1,010,000
Sale Price: $1,375,000
Sale Date: December, 1998
Internal Rate of Return: 45.39%

Sa Dickens Apartments
15023 Dickens Street
Sherman Oaks, CA
13 Unit Apartment Building

Date Purchased: May, 1996
Purchase Price: $1,000,000
Sale Price: $1,520,000
Sale Date: December, 2000
Internal Rate of Return: 70.20%