BARRY GABEL & TEAM SPECIALIZING IN INVESTMENT PROPERTY SALES

REPRESENTING BUYERS AND SELLERS IN THE ACQUISITION AND DISPOSITION OF INVESTMENT PROPERTIES THROUGHOUT METROPOLITAN PHOENIX

BARRY GABEL Executive Vice President CHRIS MARCHILDON Senior Associate AMY ALSCHLAGER Client Services Team Lead JAMIE ALTHOLZ Senior Financial Analyst ADA ROSE MANCUSI Graphic Designer MEET THE TEAM

BARRY GABEL Executive Vice President REAL ESTATE EXPERIENCE: 33 years of real estate experience within metropolitan Phoenix

• Member of CBRE's Institutional Properties Group • Completed 384 transactions totaling more than 27.1 million square feet and over $4 billion in value • NAIOP Investment Broker of the Year for Arizona 2003, 2008-2010, and 2016 • Nominated NAIOP Investment Broker of the Year for Arizona 2003-2005, 2008-2010, 2012-2016 • 2014 AZRE RED Award Brokerage Team of the Year: Office Sales • Commercial Executive Magazine Broker of the Year 2010, 2011, 2012, 2013, 2015 and 2016 • Barry leads the team in identifying opportunities, establishing relationships and executing client strategy. With each assignment, Barry provides a strong attention to detail, loyalty and commitment to excellence, and determination to outperform his clients’ expectations.

CHRIS MARCHILDON Senior Associate REAL ESTATE EXPERIENCE: 9 years

• Chris tracks daily the investment sales market and provides customized research reports for owners, investors and the team. His information is vital to understanding market trends, forecasts and how the market will affect property values. • Chris also assists in the marketing preparation, sales process and due diligence of each listing. Chris has been involved in 130 transactions totaling more than 14.1 million square feet and over $2.2 billion in value. • Past Chairman of the NAIOP Developing Leaders, was nominated NAIOP Rookie of the Year for 2012, was awarded the Arizona NAIOP Developing Leader of the Year in 2014 and was nationally recognized as the NAIOP Developing Leaders Award recipient in 2016. • Inaugural participant in the Valley Partnership Advocates Program. Barry Gabel & Team handle all sizes and types of investment properties including office, industrial, retail and land. Each member of the team provides a set of core competencies that add tremendous value to the team’s success.

JAMIE ALTHOLZ Senior Financial Analyst REAL ESTATE AND COMMERCIAL BANKING EXPERIENCE: 21 years

• Jamie provides financial modeling, interpretation of financial impact, and identifying areas for value creation on critical property-level issues. Jamie develops client-tailored solutions which enable clients to make fully informed real estate decisions. • Jamie also assists in the marketing preparation, sales process and due diligence of each listing. • He was in the banking industry for 14 years and a former Vice President at J.P. Morgan Chase Bank.

AMY ALSCHLAGER Client Services Team Lead REAL ESTATE EXPERIENCE: 15 years

• Amy is involved in the coordination, creation and design in the marketing preparation for each listing. Amy takes the time to ensure each listing is showcased and distributed to the appropriate marketing channels to receive the most attention from prospective buyers. • She also provides superior customer service to clients and administrative support to the team. • Amy has worked with Barry Gabel directly for over twelve years and has been involved in over 250 transactions totaling more than $3.5 billion.

ADA ROSE MANCUSI Graphic Designer REAL ESTATE & MARKETING EXPERIENCE: 5 years

• Ada Rose brings a wide range of expertise to the team, from graphics to 3D modeling, custom brochures, presentations, architectural details, space planning and sustainability.

• She holds a Masters Degree in Architecture from Taliesin, The Frank Lloyd Wright School of Architecture and has over 5 years commercial real estate marketing experience. • Ada Rose is also a classically trained flautist. “

I am really blessed to have the team that I do. Every day we come to work with the goal of making a positive difference for our clients and colleagues. I couldn’t do what I do

without Chris, Amy, Jamie and Ada Rose; I consider them family. “ - Barry Gabel EXPERIENCE

I often get asked what my most notable deal has been and to be perfectly honest, every deal, no matter the size, is notable to me and my team. We love what we do. - Barry Gabel

Camelback Commons - Phoenix, AZ East Thunderbird Square - Scottsdale, AZ State Farm TOC - Tempe, A​​Z Multi-Tenant Office Community Retail Center Single-Tenant Office ±322,406 SF ±167,314 SF ±372,408 SF $69,400,000 $39,100,000​ $73,000,000

Orbital Sciences Building - Chandler, A​​Z MAX at Kierland - Scottsdale, A​​Z PetSmart Corporate HQ - Phoenix, A​​Z Single-Tenant Office Multi-Tenant Office Headquarters Campus ±83,183 SF ±258,312 SF ±365,672 SF $19,500,000 $79,000,000 $102,500,000 Barry Gabel and his team have represented buyers and sellers in transactions ranging from a corporate headquarter campus closing at over $183,000,000 to a retail pad closing at under $250,000. Whether large or small, a satisfied client is our end goal. A few of our most significant transactions are showcased below.

CAREER SALES: Barry Gabel & Team have completed a total of 384 transactions totaling $4 billion. SINCE 2011: Barry Gabel & Team have completed a total of 121 transactions totaling $2.0 billion. 384

100 & 150 Centerpoint - Tempe, AZ Camelback Square - Scottsdale, AZ Phoenix Gateway Center - Phoenix, A​​Z Multi-Tenant Office Multi-Tenant Office Multi-Tenant Office ±298,954 SF ±172,690 SF ±437,603 SF $57,500,000 $42,350,000 $75,700,000

Apollo Group Corporate Headquarters Scottsdale Quarter - Scottsdale, A​​Z Desert Ridge Corporate Center - Phoenix, A​​Z Single-Tenant Office​ Ground Lease Retail/Office Office/Retail ±559,664 SF ±14.5 acres ±293,107 SF $183,000,000 $96,000,000 $58,550,000​ CLIENTS & TESTIMONIALS

The very best in the business. Honest, fair, accurate and timely! The team makes the relationship top Top notch professionalism A pleasurable experience. priority. Very efficient, professional and leadership throughout & detailed oriented. - Jim Yoder the entire process. Velocis - Scott Britton Buyer: Office Property - Matt Kaufold The Mack Company $39,000,000 - June 2016 McCarthy Cook & Co. Seller: Retail Property Seller: Office Property $5,275,000 - February 2016 $39,000,000 - June 2016

Barry Gabel and his team went way beyond what would be expected to help market and sell my property, they are very Barry goes above and beyond the call of duty experienced, professional and efficient in every aspect of the to communicate with Buyers and get them sales process. Barry and his team always kept me informed comfortable with the market and asset. Barry's and definitely had excellent knowledge of the local real estate team is top notch at communicating, and the market. I would recommend Barry Gabel and his team to team has a great level of care and detail. anyone that is buying/selling commercial real estate! - Brad Weinberg - Paul Coukoulis Oaktree Capital EP Venture Seller: Office Property Seller: Office Property $42,350,000 - February 2015 $1,600,000 - August 2015

I would definitely recommend Barry Gabel to sellers. A pleasure Barry and his team provided one of to work with and highly skilled in managing the sale process. He the best buying experiences I’ve had. managed to make both sides of the transaction feel good about - Andrew Van Tuyle the process and outcome. A job well done! BH Properties - Sandy Throop Buyer: Office Property Cornerstone Real Estate Advisers $10,250,000 - December 2015 Seller: Office Property $29,300,000 - August 2013 The team’s main priority is to service their clients by providing complete trust and confidence that their real estate needs will be handled smoothly and expectations exceeded.

This was a very good process and They are the best I've worked with, The team's level of service, execution. We are very pleased with professional and courteous, and diligence, and performance the outcome. Barry was very active very responsive! consistently sets them apart with the process and kept me and the - Brian Gibbons in the marketplace. team well informed. Kramer-Wilson Company, Inc. - Chuck Vogel Buyer: Office Building - Sam Kraus VEREIT, Inc. $15,150,000 - December 2016 Regent Properties Seller: Office Campus Buyer: Office Properties $183,000,000 - February 2015 $66,400,000 - June 2017

PARTIAL LIST OF CLIENTS:

• AEW • ​General Dynamics • Regent Properties • American Realty Capital • Glimcher • Reliance Management • Bank of America • Hines • Ryan Companies • BH Properties • JDM Partners • Sabal Financial • Blackrock • JE Robert Companies • Starwood Capital • Brookfield ​Property Group • JPMorgan Chase • State Farm Insurance • Capital Commercial Investments • Kramer-Wilson Company • TA Associates Realty • Carefree Partners • LaSalle Investment Management • TIAA-CREF • CBRE Global Investors • Lincoln Property Company • The Mack Company • C-III Realty Services • McCarthy Cook • The Muller Company • Cornerstone Advisers • Merit Properties • Titan Real Estate • Clarion Partners • MidFirst Bank • Company • CWCapital • Morgan Stanley • Velocis • Diamond Ventures • Oaktree Capital • VEREIT, Inc • DMB • Pacific Coast Capital Partners • ViaWest Group • DPC Development • Petrus Partners • Waitt Corp • EP Venture • Principal Real Estate • Washington Capital Management • Equity Commonwealth • Prudential Real Estate • West Coast Capital Partners ​ CBRE PLATFORM

CBRE CAPITAL MARKETS WEST COAST TEAM HOW THE WEST WAS ONE

Barry Gabel and his team are a part of a select group of investment sales, advisory, debt & structured finance and investment banking professionals in the western states (including AZ, CA, CO, OR, WA). Our ability to collaborate across CBRE’s multi-discipline platform enhances our role as strategic advisors to our Western U.S. clients in the disposition and acquisition of office properties, and ensures the delivery of superior results in today’s investment market.

2016 By the Numbers VOTED BY OUR PEERS WESTERN U.S. DEBT WESTERN U.S. SALES GLOBAL 726 269 REAL ESTATE TRANSACTIONS OFFICE TRANSACTIONS ADVISOR $14.7B $7.0B of the TOTAL FINANCING AMOUNT TOTAL OFFICE CONSIDERATION YEAR

EUROMONEY CONNECTED ACCESS TO ABUNDANT OPPORTUNITIES SEA

CREATIVE PD INNOVATIVE, TAILORED IDEAS AND SOLUTIONS

CLEVER 9 OFFICES 26 PROFESSIONALS STRATEGIC GUIDANCE GROUNDED IN DATA & ANALYTICS One fully integrated solution

SF SEATTLE PORTLAND SAN FRANCISCO SAN JOSE SJ DEV Tom Pehl Trevor Kafoury Russell Ingrum Joe Moriarty Todd Tydlaska Charles Safley Tyler Meyerdirk Scott Prosser Sean Sullivan Seth McKinnon Jack DePuy Mike Longo

ORANGE COUNTY SAN DIEGO DENVER PHOENIX FINANCING LA Anthony DeLorenzo Louay Alsadek Tim Richey Barry Gabel Bruce Francis (PHX) OC PHX Hunter Rowe Mike Winn Brad Zampa (SF) SD Andrew Taylor Chad Flynn Val Achtemeier (LA) Geoff Baukol Mark McGovern (SD) Brady O’Donnell (DEN) CBRE CAPITAL MARKETS GLOBAL BROKERAGE RANKINGS ALL PROPERTY TYPES* FULL YEAR 2016 CBRE Capital Markets is the world leader in the acquisition and disposition of income-producing properties for third-party owners and corporate occupiers, and is composed of two seamlessly 22% JLL 29% integrated, complementary groups. Our Debt & EASTDIL Equity Finance professionals offer the placement CUSHMAN & WAKEFIELD of debt and equity for all major property types and our Investment Properties professionals provide HFF 14% acquisition and disposition services for income- 4% INTERNATIONAL producing properties. 5% NEWMARK GRUBB

5% OTHER 7% 13% GLOBAL RECOGNITION

Our fully integrated global services platform provides Source: Real Capital Analytics. *Based on independent reports of properties and portfolios $10 million and greater. access to a robust suite of capital markets solutions with best-in-class services allowing investors to: CBRE WORLDWIDE COVERAGE CBRE GLOBAL PRESENCE • Maximize return on investment • Meet the unique financing needs of a given project • Identify and leverage emerging market trends • Expertly evaluate opportunities for all property types 20 OFFICES 24 126 • Devise and implement creative solutions to execute OFFICES OFFICES

168 complex investment strategies OFFICES

7 OFFICES 9 44 OFFICES OFFICES

4 OFFICES 15 WORLD'S LARGEST OFFICES 9 COMMERCIAL REAL ESTATE OFFICES 19 SERVICES & INVESTMENT FIRM* OFFICES * in terms of 2016 revenue

4 OFFICES

CBRE GROUP, INC. (NYSE: CBG) Fortune 500 S&P 500 COMMUNITY INVOLVEMENT

BOYS AND GIRLS CLUBS OF METROPOLITAN PHOENIX The Boys & Girls Clubs of Metropolitan Phoenix inspires and enables youth in our community, especially those faced with difficult and challenging circumstances, to realize their individual potential while learning responsible citizenship. Barry Gabel is currently a life member of the Executive Council and previously was the past President. Visit Website: www.bgcmp.org

EC70 EXECUTIVE COUNCIL CHARITIES The Executive Council Charities goal is to provide grants to programs and non-profit organizations focused on helping the youth of Arizona reach their full potential. Executive Council 70 (EC70) is a group of working professionals dedicated to organizing fundraising activities to fund Executive Council Charities’ grant program. Prior to forming EC70, the more than 250 members developed and implemented fundraising activities to benefit the Boys and Girls Clubs of Metropolitan Phoenix, raising more than $12 million for that organization. Barry Gabel is a member of EC70. Visit Website: www.ec70phx.com

NAIOP DEVELOPING LEADERS NAIOP’s Developing Leaders is a program geared specifically for real estate professionals age 35 and under. The program was designed to help offer the tools to move young professionals to the next level, connect with their peers nationwide and gain access to leaders of the industry. Chris Marchildon is currently serving as Chairman of NAIOP Developing Leaders and Barry Gabel is part of the NAIOP Developing Leaders mentorship program. Visit Website: www.naiop.org

NAIOP NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP comprises 18,000+ members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. Barry Gabel and Chris Marchildon are both active members of NAIOP. Visit Website: www.naiopaz.org We believe in providing a positive impact in the communities where we live and work. We do this by building relationships, inspiring philanthropy, and promoting goodwill both inside and outside the company.

PHOENIX CHILDREN’S HOSPITAL Phoenix Children’s Hospital is recognized as Arizona’s source for superior care of sick or injured children; for advanced education for child health providers; and for innovation, information, and influence in the promotion of child health. Their focus is providing Hope, Healing and the best Health Care for children and their families. Barry Gabel is currently a volunteer for the Phoenix Children’s Hospital Golf Tournament over the past seven years. Barry has personally raised nearly $700,000 for the hospital. Visit Website: www.phoenixchildrens.org

VALLEY PARTNERSHIP Valley Partnership is the Valley of the Sun’s premier organization that advocates responsible development. The partners come from the private and public sectors and include developers, planners, architects, engineers, lawyers, and other professionals that are involved in development-related issues. Chris Marchildon was selected to be a part of the Valley Partnership Advocates Program. Visit Website: www.valleypartnership.org PHOENIX MARKET UPDATE

View our website, WWW.CBRE.COM/IPMETROPHOENIX, for the most up-to-date and accurate information on the Metropolitan Phoenix investment sales market. Our team is consistently tracking the market, underwriting properties and speaking with active buyers and sellers. Our expertise provides you with the knowledge that you need to make an informed real estate decision.

JAMIE ALTHOLZ ADA ROSE MANCUSI BARRY GABEL AMY ALSCHLAGER CHRIS MARCHILDON Associate Director of Finance Graphic Designer Executive Vice President Client Services Team Lead Senior Associate +1 602 7351725 +1 602 7351756 +1 602 7355273 +1 602 7355276 +1 602 7355625 [email protected] [email protected] [email protected] [email protected] [email protected]

WWW.CBRE.COM/IPMETROPHOENIX

© 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the Scan to visit website. United States and other countries. All other marks displayed on this document are the property of their respective owners. 06/17