Negotiated vendor contracts and savings through economies of scale

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1 Horizon Properties has consistently enhanced the value of the portfolio of assets we manage. With over 50 properties under management combined with our commitment to quality sevice we are able to offer our clients the following advantages: 8 straight years of reductions in property Operating Expenses for the portfolio. unbrella insurance policy. Insurance evaluation and cost savings through our Annual real estate tax appeals Effective rent collection and lease administration Negotiated vendor contracts and savings through economies of scale Benefits of a fully committed, highly responsive management team with direct communication with Horizon Principals, Directors and Managers Total Accountability and Transparency Benefits of an effective Leasing team with indepth market knowledge and experience. CORPORATE OVERVIEW HORIZON PROPERTIES is a third party real estate advisory and investment firm specializing in leasing and local management of commercial properties throughout the State of Florida. The company was founded in 1995 by Jorge Alvarino and Joel Benes. Together they bring over five decades of commercial real estate experience to Horizon Properties. Our philosophy is to build long lasting relationships based on confidence and consistent results. HORIZON PROPERTIES provides a unique perspective to the marketing and management of commercial properties. We provide our clients with the benefits of an aggressive, highly responsive and fully committed team with diverse backgrounds and extensive experience. The combined talents and abilities of our team and our entrepreneurial approach based proven methods to marketing and managing properties in South Florida provides a client with effective solutions to their real estate requirements. HORIZON PROPERTIES has a track record of successful management assignments. We focus on creating value to the owner by maximizing the property s long term income with proper financial controls and effective leasing. We maintain a stable tenant base and achieve economies of scale through aggressive bidding of services and the overall volume of business generated. Our Financial Reporting can meet or exceed any requirements

2 HORIZON PROPERTIES corporate office is based at Lakes on the Green Office Building NW 87 th Ave. Suite 204 Miami, FL Key Personnel: Jorge E. Alvarino, Joel Benes, Kathy Kartsonakis Jennifer Oskoian Chrissy Pagani Eileen Cardelle, M.S. R.E. Daniel Pou Brandyn Lorenz Allan Benes Jorge Alvarino, Jr. Manny Cid Mike Hernandez Michael Betancourt Eddy Pidermann Luis Gonzalez Grace Rodriguez Maggie Clavelo Lee Cancel Lisa Garcia Sarai Rodriguez Gina Fongee Jennifer Smith Jackie Vila Tanya Fontanez Monica Bermudez Partner Partner Controller / Manager Vice President of Asset Management Marketing Coordinator Director of Commercial Services, Broker Senior Asssociate / Lease Administrator Office Manager Executive Assistant Lakes on the Green Office Building NW 67 th Ave. Suite 204 Miami, FL Phone: (305) Fax: (305) Corporate Resources & Services include: Costar Commercial Property Database Loopnet Commerical Property Database TRW Redi complete in-house aerial and zoning map atlas for Dade, Broward and Palm Beach.. Equifax National Decision Systems, in house demographic data based on census for the State of Florida. Select Phone Service, in-house access to over 100 million U.S. Business and Residential telephone listings. Select SIC Direct Mail Systems, provides in-house system to mass market direct mail to all types of business by SIC codes in the U.S.

3 National Multiple Listing Service provides printing and direct mail services of marketing brochures to all registered commercial brokers, developers, investors and users by region or State. Database of national, regional and local retail tenants and shopping center investors and developers Constant Contact, Database of Brokers, Tenants and Property Owners Database and extensive in-house shopping center property information for most shopping center properties located in South Florida South Florida Commercial Multiple Listing Service Yardi Financial Property Management Software Trade Organizations: ICSC - International Council of Shopping Centers Dade County Society of Commercial Realtors NAIOP - National Association of Industrial and Office Properties CIAS Commercial Industrial Association of South Florida Property Management The Horizon Team of professionals work closely with owner clients to develop a detailed focused plan to achieve the financial and operational objectives of the assignment. Our proven methods of collections, tenant negotiations and economies of scale are designed and effectively implemented to maximize the net income generated by the assigned property while maintaining and enhancing a stable base of quality tenants. This combined with the synergies created with our extensive portfolio of management assignments provides our clients with below market costs and services directly benefiting the bottom line. The following summarizes our management duties and responsibilities We take all reasonable steps to collect, and enforce the collections of all rentals and other charges from tenants in accordance with the terms of their leases.

4 We seek competitive bids and achieve volume discounts from vendors for services rendered at the property. At the owners request we disburse funds for all operating expenses or other expenses in connection with the property. With our portfolio we provide the advantages of a blanket property insurance policy thus significantly reducing this direct expense while providing superior coverage. With the owners authorization, we hire, supervise and terminate independent contractors for the repair and maintenance of the property. We will receive tenant communications on behalf of the owner. Horizon Properties will maintain accurate records of all received and disbursed funds and will provide monthly statements with complete reports of all funds collected and paid. The net proceeds will be disbursed as per the owners instruction each month. We use the latest advanced Yardi Property Management Software to generate reports including Rent Rolls, Income Statement, Balance Sheet, Aging Report, Commercial Summary, General Ledger, and Check Register. Sample reports are available upon request. We will enforce all rules and regulations relating to the operation of the building. Real estate tax appeals Our Management Agreements are flexible and can be tailored to your legal requirements. The management fee is based on the gross income generated by the property and will be competitive within the market. Landlord Representation Our consistent record of successful transactions begins with a specific leasing plan for the assigned property using a combination of methods. Standard operational procedures for a leasing plan include: Property & Location Analysis: Collect all necessary information to formulate a specific leasing plan for the property including proposed building plans, amenities, site information etc. Analyze local trade area to determine the appropriate tenant mix that should be targeted under the leasing plan Introduction and interview with the existing tenants to obtain information and input on the center to effect an optimal leasing program Perform comparative market analysis to determine the optimum rent strategy to attract new tenants

5 Leasing Strategies & Tactics: Prepare a detailed marketing package for interested tenants to include demographics, traffic counts, photographs and other pertinent information Expose the property to our extensive list of qualified national, regional and local tenants suited to lease the property. Personally canvass comparable properties within the properties trade area for prospective tenants. Coordinate marketing with Professional Industry Groups i.e. NAIOP & ICSC and local Business Development Groups within the City. Utilize direct mail by SIC codes to attract specific types of businesses throughout South Florida for the property. Circulate the property to and cooperate with the South Florida brokerage community. Prepare and submit activity reports as requested in a format acceptable to the owner. Prepare and distribute press releases as significant transactions occur. Install marketing signage at the most visible vantage points of the Property. As necessary establish an on-site leasing office in conjunction with management for continuous use in the marketing process. Tenant Representation and Site Selection The advantages of engaging a Real Estate consultant to exclusively represent a retail or office user are substantial as they are with a client seeking services from any professional. Given the nature of today s highly competitive marketplace, the retailer and business owner cannot afford mistakes in its site selection and lease negotiations. The Horizon team of Real Estate professionals can provide your business with the extensive analytical tools, experience and landlord relationships necessary to secure the best location for your business while protecting your leasehold rights and financial goals. We provide a comprehensive range of services customized to achieve your specific real estate needs. These services include strategic planning, market research, site analysis, lease negotiations and administration are provided to the tenant at no cost. The brokerage fee is typically paid by the landlord.

6 Medical Representation The Horizon team of professionals offers the medical tenant unique advantages with its real estate requirements. With healthcare ever more complex and becoming more convenient where the patient is considered more of a customer the need for accessible, high profile locations are vital. Combined with a deep understanding of issues and experience with medical users across a wide spectrum and our extensive knowledge of the commercial / retail market we have provided proven solutions to our clients. The following is a partial list of medical clients we have successfully completed recent deals with. Baptist Urgent Care Cleveland Clinic of Florida Baptist Health Medical Group Mount Sinai Hospital Fresenius Medical Quest Diagnostic Preferred Care Partners Davita Medical Gastro Care Pasteur Medical Atlantic Pediatric Partners Inter American Medical Centers University Medical CAC Medical Jackson Health Systems Lakes on the Green Office Building NW 67 th Ave. Suite 204 Miami, FL Phone: (305) Fax: (305) INVESTMENT SALE MARKETING GUIDELINES A specific leasing plan with timetables will be tailored for this property. Standard operational procedures for a leasing plan are listed below: Physical Review of Property: Collect all necessary information to formulate a specific marketing plan for the property including building plans, amenities, site information etc. Tenant/Lease Analysis: Review of rent roll and existing tenants to determine quality of leases and upside opportunities

7 Market Analysis: Perform comparative market analysis to determine the optimum pricing strategy. Marketing Strategies & Tactics: Prepare and distribute marketing brochure through the National Multiple Listing Service, Costar Group & Loopnet commercial real estate listing services. Prepare a detailed marketing package for interested buyers to include demographics, traffic counts, photographs, rent roll, space plans and other pertinent information. Expose the property to our list of qualified investors ideally suited to purchase the property Canvass comparable property owners within the properties trade area for prospective buyers Coordinate marketing with Professional Industry Groups i.e. NAIOP & ICSC and local Business Development Groups within the City. Utilize direct mail by tax records to attract specific qualified buyers for the property. Circulate the property to and cooperate with the South Florida brokerage community. Prepare and submit monthly activity reports in a format acceptable to the owner. Prepare and distribute press releases as significant transactions occur. Install Marketing signage at the most visible vantage points of the Property. Lakes on the Green Office Building NW 67 th Ave. Suite 204 Miami, FL Phone: (305) Fax: (305)