INVESTMENT BROKERAGE JOHN STEVENS, CCIM

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1 JOHN STEVENS CCIM CONTACT INFORMATION: Phone: (208) Cell: (208) EXPERIENCE: John has been involved in commercial sales and leasing since 1997, providing his clients with marketing, transaction management, financial analysis, and lender services related to commercial real estate transactions locally and nationally. John graduated from the University of California, Berkeley in 1993 with a BA Degree in Geography with a focus on Economic Geography and a BS Degree in Conservation and Resource Studies. John is a partner in Thornton Oliver Keller and was instrumental in the formation of the firm s Investment Services Group. John focuses on investment acquisition and disposition as well as retail leasing and sales. John also provides valuation and listing services to clients Thornton Oliver Keller, Boise, ID - Top Producer - 2nd Place Award 2003 to Present - Thornton Oliver Keller, Boise, ID - Owner and Broker Trammell Crow Company, San Francisco, CA - Broker Onsite Access, San Francisco, CA - Director of Real Estate Trammell Crow Company, San Francisco, CA - Broker 2015 transactions total approximately $24,595,000 in gross sales and lease value. In John completed $22 million of lease transactions in a regional restructuring for Perrier Group of Americas. PROFESSIONAL & COMMUNITY ACTIVITIES: Capital Matrix, Inc. Board Member, Loan Committee Retail Broker Network, Investment Sales Council Co-Chair Past Chair - Board of Trustees Foothills School of Arts & Sciences International Council of Shopping Centers (ICSC) member Boise Metro Chamber of Commerce member, Financial Services Advisory Board member City Club of Boise member JOHN STEVENS, CCIM INVESTMENT BROKERAGE FIRM PARTNER SINCE 2006 SELECT SALES: Albertson s - 44,000 sf (single tenant retail investment) Former Peterson s Chevy - 87,000 sf (auto dealership) Stonehenge Plaza - 50,000 sf (retail investment) Smoky Mountain Pizza (single tenant retail) Harrison Plaza Suites Hotel (38 room hotel) Sage Charter School (100,000 SF lease and purchase) Dorado Plaza - 21,500 sf (multi-tenant office investment) Cottonwood Plaza - 48,000 sf shopping ctr. (retail investment) Orchards Center (retail investment) Treasurewood Building (industrial user) 5023 Cleveland Boulevard (retail development) Logger Creek Apartments (112 units) Numerous land transactions. BROKERAGE CLIENTS: Larry Miller Auto Group Sage Charter School Capital Automotive (CARS) RSCI LS Capital, Inc. The Salvation Army Smoky Mountain Pizza Tenant rep for tenants such as Sage Charter School, Advance America, Port of Subs, Human Bean Coffee, Tully s Coffee LENDER CLIENTS: Wells Fargo Bank Bank of the Cascades Home Federal Bank CW Capital DL Evans Bank City National Bank Key Bank INTERESTS & FAMILY: John resides in Boise with his wife and two children. They enjoy hiking, skiing, snowboarding, and biking.

2 INVESTMENT BROKERAGE 309 Transactions $188,000,000 Consideration 2015 Sale & Lease Consideration: $24,595,000 STONEHENGE PLAZA COTTONWOOD PLAZA USTICK MARKETPLACE SHOPPES ALBERTSON S 5803 & 5807 CLEVELAND BLVD. 50,,090 SF Shopping Center - SOLD 48,125 SF Retail Center - SOLD 10,125 SF Retail Center - SOLD 44,000 Single Tenant Retail- SOLD 42,000 SF Auto Dealership - SOLD SMOKY MOUNTAIN PIZZA 9411 W. FAIRVIEW AVENUE GARRITY CROSSING RETAIL WEST PARK PLAZA DUTCH BROS. COFFEE 4,522 SF Restaurant- SOLD 87,000 SF Auto Dealership - SOLD + 22,000 SF Retail Buildings - SOLD 167,000 SF Mall - SOLD Single Tenant Retail - SOLD LAKE POINTE CENTRE I HARRISON PLAZA SUITES HOTEL LOGGER S CREEK DORADO PLAZA SILVERTON PLAZA 64,030 SF Office Building- SOLD 38 Room Hotel- SOLD 112 Unit Apartment Community - SOLD 21,500 SF Multi-Tenant Office Building - SOLD 20,360 SF Office Building- SOLD EINSTEIN S OILERY ORCHARDS CENTER AT FAIRVIEW SOUTHERN SPRINGS RETAIL WESTERN BENEFITS SOLUTIONS BLDG. SAGE CHARTER SCHOOL Single Tenant Retail - SOLD Multi-Tenant Retail Center - SOLD Multi-Tenant Retail Center - SOLD Multi-Tenant Office - SOLD TENANT REPRESENTATION 100,000 SF - LEASE & OPTION TO BUY

3 REFERENCES Jay K. Francis, Executive Vice President P: John Stevens has been a great partner in the Boise Caldwell area. It is comforting to know you have someone who is working for you and keeping your property in the forefront of those who are potential buyers. August 2011 Pat Charlton, Superintendent Vallivue School District P: John was very professional from start to finish. The transaction may not have taken place without his perseverance with the seller. June 2012 Lisa Frost- Private Investor P: Our sale ended up being non-typical and required a lot of extra support from John. He was very supportive and knowledgeable. He directed us to a variety of resources. January 2013 Thomas H. Barry - Private Investor P: E: thberry@yahoo.com I really appreciated your guidance, assistance and patience as we worked through all of the properties we looked at. Elisha and I are grateful for your help on this transaction and look forward to working with you again. March 2011 Bill Mitchell - Home Federal Bank REO P: E: bmitchell@myhomefed.com John Stevens worked hard for my business and represented me right up to closing. I certainly recommend the professional services he offers. March 2011

4 CASE STUDY ORCHARDS CENTER AT FAIRVIEW OWNER REPRESENTATION The Orchards Center at Fairview is a 7,737 square foot multi-tenant retail center which boasts an excellent location on Fairview Avenue. The center enjoys strong traffic counts, an important factor for retail tenants. John Stevens represented the property s ownership as a leasing and sales agent. The property was offered for sale but received little interest. While the Orchard s Center was an attractive, newer center with good visibility, monument signage and a solid retail location, it was only 75% leased and it s anchor tenant was entering lease renewal negotiations. John counseled ownership to remove the property from the investment market while he stabilized the property. Aggressive marketing of the property s vacant space ensued, while John simultaneously entered talks with the anchor tenant. SIGNIFICANT ACCOMPLISHMENTS: After stabilizing the property and placing it on the market, multiple purchase offers are received. The property is sold for more than the asking price. This fully leased property with strong tenants enjoys significant market attention. After successfully reaching a new seven year lease term with the anchor tenant (who occupied 50% of the center) and also signing a new lease with Daylight Donuts, which agreed to take the balance of the available space, the property was ready to be brought to the investment market, again. From this significantly more stabilized position, The Orchards Center at Fairview received multiple purchase offers and John oversaw the process of eliciting the highest and best offers from the interested buyers. By December 2014, the property closed as a 1031 Exchange sale, to a buyer willing to purchase the property for a price higher than the asking price.

5 CASE STUDY 9411 FAIRVIEW AVENUE OWNER REPRESENTATION MARCH 2011 JULY 2011 JULY APRIL 2013 APRIL 2013 APRIL 2013 JUNE - SEPT Owner requested and received Opinion of value. TOK hired to list property. Property taken to market. Multiple offers received and analyzed. Property Management awarded to TOK. Successful tax appeal. Property placed under contract. Due diligence and financing period. SIGNIFICANT ACCOMPLISHMENTS: Opinion of value targets a very accurate sales price range. Property professionally managed by Thornton Oliver Keller and tax liability successfully appealed. Local owner-user purchases project in a relocation move. In early 2011, after being approached by the owner of an 87,000 square foot auto dealership located on Fairview Ave., John Stevens and Michael Ballantyne prepared an Opinion of Value for the well known and highly visible Boise property. At the time, Peterson s Chevrolet occupied the property and was paying healthy rents. The seller selected Thornton Oliver Keller to list the property for sale, which was then brought to market in July Upon its entrance to the local market, the property generated significant attention and also received multiple offers, including an RFP by the Governmental Services Agency (GSA). However, the seller was unable to accept any of these offers due to financial constraints. John and Michael were instructed to continue marketing the property. By mid-2013, Peterson s Chevrolet had vacated the property and Thornton Oliver Keller was asked to manage the property as well. A successful tax appeal by Thornton Oliver Keller followed which significantly reduced the property s tax liability. The listing price then moved into the price range of probable value as set forth in the Opinion of Value. Almost immediately thereafter, a Purchase and Sale Agreement was executed between the seller and a local owner-user who was interested in relocating their business. The transaction closed in September 2013, commanding a price on the high-end of Thornton Oliver Keller s valuation.