INVESTMENT HIGHLIGHTS

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4 INVESTMENT HIGHLIGHTS AFFLUENT AND DENSE TRADE AREA Ideally located within a trade area where average household incomes exceed $121,600 and over 20,500 residents are located within a 1-mile radius of the Property. HIGH BARRIERS TO ENTRY Supply-constrained, in-fill trade area with virtually no availability for future development creates high barriers to entry, and secures Mountain Gate Marketplace s long-term growth and success. TRUE MASTER-PLANNED SOUTHERN CALIFORNIA COMMUNITY Mountain Gate Marketplace is located within the completely master-planned community of Mountain Gate Ranch and is surrounded by the most affluent housing in the city of Corona. Each commercial building and intersection has been carefully organized to ensure the success of the commercial properties as well as promote their interaction with the residents within the community. 4 LACK OF COMPETITION There is a dearth of quality daily needs and services retail space within the immediate trade area. Mountain Gate Marketplace is designated as The Neighborhood Center with over 3,600 residential units within the Mountain Gate Ranch specific plan. GROCERY ANCHORED SHOPPING CENTER WITH SUPERIOR TENANT SALES PERFORMANCE Mountain Gate Marketplace is anchored by Albertsons (NAP), which reportedly generates top tier sales.

5 FOOTHILL PARKWAY EXPANSION & GREEN RIVER ROAD CONNECTION WILL INCREASE TRAFFIC TO THE PROPERTY The Foothill Parkway Expansion (Fall 2016 scheduled completion) will link Foothill Parkway to Green River Road (also under current expansion). This will provide a much faster access point and direct 91 Freeway access to the community of Mountain Gate Ranch, ultimately increasing traffic to the area and Mountain Gate Marketplace. NO VACANCY PROPERTY-WIDE COMBINED WITH EXCELLENT OPERATING HISTORY Strong retail submarket as evidenced by the lack of retail vacancy within Mountain Gate Marketplace. In fact, the Property has only experienced 3 vacancies in over 14 years, all of which were immediately backfilled. EXCELLENT RENTAL GROWTH Through fixed rental increases, the Net Operating Income is projected to grow over $166,700 (over 27%) during the anticipated hold period, providing an excellent hedge against inflation. 5 STRONG TENANT ROSTER WILL CONTINUE TO INCREASE CUSTOMER TRAFFIC In addition to the strong performance history of the Albertsons grocery anchor, complementary tenants such as Wells Fargo, Pizza Hut, Pick Up Stix, Great Clips, GNC and the UPS Store provide an additional daily needs draw to Mountain Gate Marketplace.

6 INVESTMENT SALES ADVISORS GLEB LVOVICH CA Lic. # CJ OSBRINK CA Lic. # DEBT GUIDANCE GREG BROWN CA Lic. # REAL ESTATE ANALYST JONATHAN METCALFE CA Lic. # GLEB LVOVICH CA Lic. # WEST COAST INVESTMENT SALES TEAM CJ OSBRINK CA Lic. # BRYAN LEY CA Lic. # DANNY REDDIN CA Lic. # ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PHOENIX PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a California licensed real estate broker California License Number ( HFF ). HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on HFFLP.COM