Real Estate Comeback

REAL ESTATE COMEBACK

come•back: noun a return to formerly enjoyed status or prosperity dEnvERQ3 2012Economic indicAToRS 3Q12

Q3 2012 Q3 2012 2007 2008 2009 2010 2011 YTD 2012 Denver Metro Population 2,734,483 2,788,765 2,828,564 2,833,765 2,884,410 2,898,908 2007 20082007 2009 2008 2010 2009 2011 2010 YTD 2012 2011 YTD 2012 Denver Non-Farm Employment 1,426,200 1,404,500 1,358,100 1,356,900 1,371,500 1,419,400 2,734,483 2,788,7652,734,483 2,828,564 2,788,765 2,833,765 2,828,564 2,884,410 2,833,765 2,898,908 2,884,410 2,898,908 Unemployment - Denver 1,426,2004.3% 1,404,5001,426,200 6.3%1,358,100 1,404,500 1,356,900 7.4% 1,358,100 1,371,500 8.5% 1,356,900 1,419,400 1,371,500 7.8% 1,419,400 7.9% Unemployment - Colorado 4.3%4.1% 6.3%4.3% 5.8% 7.4% 6.3% 7.5% 8.5% 7.4% 8.8% 7.8% 8.5% 7.9% 7.8% 7.8% 7.9% Unemployment - National 4.1%5.0% 5.8%4.1% 7.2% 7.5% 5.8% 10.0% 8.8% 7.5% 9.4% 7.9% 8.8% 7.8%8.6% 7.9% 8.1% 7.8% Denver Hotel Occupancy (Avg.) 5.0%66.2% 7.2%5.0% 65.0% 10.0% 7.2% 59.1% 9.4% 10.0% 64.3% 8.6% 9.4% 66.6% 8.1% 8.6% 68.3% 8.1% Denver Median HH Income 66.2%$60,797 65.0%66.2% $59,060 59.1% 65.0% $60,462 64.3% 59.1% $60,344 66.6% 64.3% $59,252 68.3% 66.6% $59,061 68.3% $60,797 $59,060$60,797 $60,462 $59,060 $60,344 $60,462 $59,252 $60,344 $59,061 $59,252 $59,061 Denver Median Home Price $242,863 $217,478 $215,654 $230,241 $229,169 $243,965 $242,863 $217,478$242,863 $215,654 $217,478 $230,241 $215,654 $229,169 $230,241 $243,965 $229,169 $243,965 Denver Single-Family Permits 5,593 3,746 2,346 3,237 3,548 4,998 5,593 3,7465,593 2,346 3,746 3,237 2,346 3,548 3,237 4,998 3,548 4,998 Denver Multi-Family Permits 2,2762,276 3,8782,276 3,878 438 3,878 438 1,074 438 1,074 2,244 1,074 2,2445,908 2,244 5,908 5,908 Foreclosures - Denver 26,76526,765 25,00426,765 25,004 26,542 25,004 26,542 23,263 26,542 23,263 16,757 23,263 16,757 9,654 16,757 9,654 9,654 WSJ Prime Rate 7.33%7.33% 3.61%7.33% 3.61% 3.25% 3.61% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 10 Year Treasury 4.03%4.03% 2.24%4.03% 2.24% 3.84% 2.24% 3.84% 3.31% 3.84% 3.31% 1.87% 3.31% 1.87%1.64% 1.87% 1.64% 1.64% DOW 13,26513,265 8,77613,265 8,776 10,428 8,776 10,428 11,578 10,428 11,578 12,218 11,578 12,21813,437 12,218 13,437 13,437 4.06% 0.14%4.06% 2.66% 0.14% 1.52% 2.66% 3.39% 1.52% 1.69% 3.39% 1.69% CPI Growth – National 4.06% 0.14% 2.66% 1.52% 3.39% 1.69% 103.3 57.9103.3 45.0 57.9 53.4 45.0 59.0 53.4 65.5 59.0 65.5 Consumer Confidence - National 103.3 57.9 45.0 53.4 59.0 65.5 131.8 76.4131.8 49.6 76.4 53.6 49.6 57.6 53.6 67.9 57.6 67.9 Consumer Confidence - Mountain 2,652131.8 1,5772,652 76.4 2,269 1,577 49.6 2,653 2,269 53.62,605 2,653 3,116 57.6 2,605 67.9 3,116 NASDAQ 1.9%2,652 -0.3%1.9% 1,577 -3.5% -0.3% 2,269 3.0% -3.5% 2,653 1.8% 3.0% 2,605 1.3% 1.8% 3,116 1.3% GDP (Annual Growth Rate) $91.691.9% $41.12$91.69 -0.3% $74.47 $41.12 -3.5% $89.15 $74.47 $97.16 3.0% $89.15 $94.16 1.8% $97.16 $94.161.3% Price of Oil/Barrel (WTI) $87,506,266$91.69 $90,127,650$87,506,266 $41.12$79,517,444 $90,127,650 $85,173,999 $74.47 $79,517,444 $72,663,779 $89.15 $85,173,999 $46,149,815 $72,663,779 $97.16 $46,149,815 $94.16 2012 YTD data dates vary, typically2012 YTD represent data dates end vary,of month typically data represent end of month data Denver Retail Sales (Thousands) $87,506,266 $90,127,650 $79,517,444 $85,173,999 $72,663,779 $46,149,815 2012 YTD data dates vary, typically represent end of month data Denver Nonfarm Employment Denver Home Permits

1440 1440 25000 25000 1420 1420 1400 1400 20000 20000 13801440 1380 25000 13601420 1360 15000 15000 13401400 1340 20000 10000 10000

Thousands 13201380 Thousands 1320 13001360 1300 5000 15000 5000 1280 1280 1340 1260 1260 0 10000 0

Thousands 1320 1300 5000 1280 1260 0 mETRo dEnvER oFFicE SnApShoT 3Q12

Quarterly Stats 3Q11 4Q11 1Q12 2Q12 3Q12

Total NRA 107,041,254 107,041,254 107,654,202 107,654,202 107,749,297

Under Construction 186,231 186,231 186,231 637,231 556,974

Direct Vacant % 15.4% 15.2% 14.8% 14.2% 15.0% 3Q11 4Q11 1Q12 2Q12 3Q12 Sub. Vacant % 0.6% 0.5% 0.6% 0.6% 0.3%

Direct Available % 21.2% 20.3% 19.8% 19.8% 19.2%

Sub. Available % 1.9% 1.8% 1.7% 1.6% 1.6%

Sub. Available SF 2,023,531 1,969,592 1,791,946 1,767,408 1,695,092

Absorption 159,281 230,853 478,640 587,163 (765,896)

Direct Asking Lease Rate $19.64 $19.75 $19.80 $20.00 $20.08

Activity 2,341,960 2,556,229 2,557,055 2,449,743 2,325,424 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12

Absorption vs. Direct Asking Lease Rate Activity vs. Direct Vacant Percent 1,000 $20.20 2,600 15.5% $20.10 500 $20.00 2,500 15.0% $19.90 0 $19.80 2,400 14.5% $19.70 Thousands

-500 $19.60 Thousands 2,300 14.0% $19.50 -1,000 $19.40 2,200 13.5% 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12 Absorption Direct Asking Lease Rate Activity Direct Vacant Percent

3Q11 4Q11 1Q12 2Q12 3Q12

SES dEnvER oFFicE SnApShoT 3Q12

Quarterly Stats 3Q11 4Q11 1Q12 2Q12 3Q12

Total NRA 33,459,513 33,459,513 33,459,513 33,459,513 33,459,513

Under Construction N/A N/A N/A 180,000 180,000

Direct Vacant % 15.9% 15.5% 14.9% 13.8% 13.4% 3Q11 4Q11 1Q12 2Q12 3Q12 Sub. Vacant % 0.4% 0.3% 0.2% 0.6% 0.2%

Direct Available % 22.1% 20.0% 18.8% 17.9% 17.0%

Sub. Available % 2.0% 1.8% 1.2% 1.5% 2.0%

Sub. Available SF 666,012 603,244 399,440 516,546 658,222

Absorption 144,143 150,028 194,458 350,587 133,765

Direct Asking Lease Rate $18.46 $18.50 $18.59 $19.10 $19.19

Activity 910,387 1,173,288 1,082,050 920,544 762,436 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12

Absorption vs. Direct Asking Lease Rate Activity vs. Direct Vacant Percent 400 $19.40 1,400 17.0% $19.20 1,200 16.0% 300 $19.00 1,000 $18.80 800 15.0% 200 $18.60 600 14.0% Thousands $18.40 400 100 Thousands 13.0% $18.20 200 0 $18.00 0 12.0% 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12 Absorption Direct Asking Lease Rate Activity Direct Vacant Percent

3Q11 4Q11 1Q12 2Q12 3Q12

Denver Tech Center Office Market Snapshot dTc oFFicE SnApShoT 3Q12

Quarterly Stats 3Q11 4Q11 1Q12 2Q12 3Q12

Denver Tech Center # of Buildings 73 73 73 73 73 Office Market Snapshot Total NRA 9,974,920 9,974,920 9,974,920 9,974,920 9,974,920

Vacant Percent 14.4% 14.3% 13.7% 12.7% 12.9%

Available Percent 24.1% 21.7% 19.4% 19.5% 19.6%

Activity 217,707 420,816 372,448 273,326 207,303

YTD Activity 421,924 842,740 372,448 645,774 480,629 Denver Tech Center Absorption 37,529 6,711 57,883 102,563 (14,803) Office Market Snapshot YTD Absorption 37,396 44,107 57,883 160,446 145,643

Direct Lease Rates $19.99 $20.04 $20.57 $20.85 $20.61

Absorption vs. Vacancy Activity vs Lease Rates 120 15.0% 450 $21.00 100 14.5% 400 $20.80 350 80 14.0% $20.60 60 300 $20.40 13.5% 250 40 $20.20 13.0% 200 Metropolitan Denver 20 $20.00

Thousands 150 Thousands 12.5% 0 100 $19.80 -20 12.0% 50 $19.60 -40 11.5% 0 $19.40 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12 Absorption Vacancy Activity Lease Rates

Southeast Submarket

Metropolitan Denver

Denver Tech Center

Southeast Submarket

Metropolitan Denver

Denver Tech Center

Southeast Submarket

Denver Tech Center dT dEnvER oFFicE SnApShoT 3Q12

Quarterly Stats 3Q11 4Q11 1Q12 2Q12 3Q12

Total NRA 25,518,755 25,518,755 25,613,020 25,613,020 25,613,020

Under Construction N/A N/A N/A 108,000 213,974

Direct Vacant % 13.3% 12.8% 12.1% 11.4% 13.9% 3Q11 4Q11 1Q12 2Q12 3Q12 Sub. Vacant % 0.9% 0.9% 0.8% 0.5% 0.2%

Direct Available % 20.1% 19.3% 18.8% 19.7% 18.5%

Sub. Available % 2.4% 2.4% 1.8% 1.5% 1.4%

Sub. Available SF 605,022 599,994 472,459 391,347 364,068

Absorption 33,613 135,383 196,772 185,577 (640,672)

Direct Asking Lease Rate $25.48 $25.47 $25.66 $26.05 $25.42

Activity 545,839 489,020 408,051 454,201 595,046 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12

Absorption vs. Direct Asking Lease Rate Activity vs. Direct Vacant Percent 400 $26.20 700 15.0% 200 $26.00 600 500 0 $25.80 10.0% 400 -200 $25.60 300

Thousands 5.0% -400 $25.40 200 Thousands -600 $25.20 100 -800 $25.00 0 0.0% 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12 Absorption Direct Asking Lease Rate Activity Direct Vacant Percent

3Q11 4Q11 1Q12 2Q12 3Q12

Lower Downtown Office Market Snapshot Lodo dEnvER oFFicE SnApShoT 3Q12

Quarterly Stats 3Q11 4Q11 1Q12 2Q12 3Q12

Lower Downtown # of Buildings 29 29 32 32 32 Office Market Snapshot Total NRA 4,021,907 4,021,907 4,116,172 4,116,172 4,116,172 Vacant Percent 12.2% 9.4% 9.7% 9.0% 8.6%

Available Percent 16.5% 12. 6% 13. 1% 12.2% 11.4%

Activity 130,731 145,483 65,438 69,523 82,548

YTD Activity 214,169 359,652 65,438 134,961 152,071 Lower Downtown Absorption 105,929 111,090 24,121 31,299 13,070 Office Market Snapshot YTD Absorption 219,059 330,149 24,121 55,420 68,490

Direct Lease Rates $26.59 $27.57 $28.03 $29.57 $31.28

Absorption vs. Vacancy Activity vs Lease Rates 120 14.0% 160 $32.00 100 12.0% 140 $31.00 10.0% 120 $30.00 80 100 $29.00 8.0% 60 80 $28.00 6.0% Metropolitan Denver 40 60 $27.00 Thousands Thousands 4.0% 40 $26.00 20 2.0% 20 $25.00 0 0.0% 0 $24.00 3Q11 4Q11 1Q12 2Q12 3Q12 3Q11 4Q11 1Q12 2Q12 3Q12 nt 5% 6% 1% 2% 4% Absorption Vacancy Activity Lease Rates

Downtown Submarket

Metropolitan Denver

A B 5% 284 81 1% Lower Downtown

Downtown Submarket

Metropolitan Denver

A % .8% .% 5.0% 5% Lower Downtown B 284 81 1%

Downtown Submarket

% .8% A .% 5.0% 7% 4% 5% 9% 4Q11 1Q12

A 5% Lower Downtown

A 7% 4% 5% 9% 4Q11 1Q12 2Q12 3Q12 % .8% .% 5.0%

A 7% 4% 5% 9% 4Q11 1Q12 2Q12 3Q12 coLoRAdo FOrwArd ThinKing AN ABUNDANCE OF NATURAL RESOURCES

United Launch Alliance Satellite Program coLoRAdo dEFinES FOrwArd ThinKing And inVESTMEnT

DENVER INTERNATIONAL AIRPORT DICKS SPORTING GOODS PARK

COORS FIELD • PEPSI CENTER

AURARIA CAMPUS DENVER UNION STATION

THE FOUR SEASONS HOTEL

ANSHUTZ MEDICAL CAMPUS

SPORTS AUTHORITY FIELD

DENVER PERFORMING ARTS COMPLEX • DENVER CONVENTION CENTER • 16TH STREET MALL DENVER PUBLIC LIBRARY • COLORADO HISTORY MUSEUM • DENVER JUSTICE CENTER • DENVER JUDICIAL CENTER coLoRAdo inVESTMEnT pAyS OFF

Denver, Colorado coLoRAdo inVESTMEnT pAyS OFF

Phoenix, Arizona coLoRAdo inVESTMEnT pAyS OFF

Las Vegas, Nevada coLoRAdo inVESTMEnT pAyS OFF • Colorado job relocation a big factor to our job growth • Last two years - 55 Companies new to Colorado • Anticipated investment of close to $800,000,000 • Over 9,200 new jobs expected

24-7 Intouch Cummins Rocky Mountain Niagara Bottling, LLC Stewart Precision Machining ACS / Xerox DaVita onTargetJobs TransFirst Altius Space Machines Eldon James Corp. Promet Inc. Trimble Navigation Aluwind Frontier Airlines PTI Group TriZetto Arrow GE Solar (Oil States International, Inc.) Trulia.com Avago Technologies HealthSouth Corp. Raymond James UE Compression Bridgepoint Hitachi Data Systems (HDS) RingCentral ULA CNA Intrawest Sharklet Technology UniFirst Corporation Coleman J. Schneider Power Supplies, Inc. SCL Health System United Natural Foods, Inc. Colorado Premium Limtronik USA SMA Solar US Patent Office Comcast Magellan Travel Supplies Southwest Windpower Vestas Cooper Lighting Mitomics SPG Solar EoS AT inTERLocKEn 4 phASES- 850,000 SF | phASE I- 186,231 SF (DELIvERED 2012)

J. David Hart / Senior Vice President / 303.628.7456 / [email protected] coLoRAdo BUiLdinG SALES 2010-2012

SALE YOC CBD OFFICE CLOSE PROPERTY NRA $/SF BUYER / SELLER PRICE (RENOVATED)

Alamo Plaza Lowe Enterprises (Allstate) / Oct-12 1401 17th Street $54,000,000 191,151 $282 1981 Behringer Harvard Denver, CO

1660 Wynkoop AEW Capital Management / Jun-12 1660 Wynkoop Street $26,660,000 65,716 $406 1983 Legacy Partners Denver, CO

Logan Tower DPC Development Company / May-12 1580 Logan Street $5,845,000 63,784 $92 1983 Jordan Perlmutter Company Denver, CO

410 17th Beacon Capital Partners / Mar-12 410 17th Street $81,500,000 388,953 $210 1978 Morgan Stanley (MSREF) Denver, CO

Dominion Plaza Beacon Capital Partners / Mar-12 600 17th Street $106,500,000 571,468 $186 1982 Morgan Stanley (MSREF) Denver, CO

Civic Center Plaza Beacon Capital Partners / Mar-12 1560 Broadway $79,999,960 579,999 $138 1984 Morgan Stanley (MSREF) Denver, CO coLoRAdo BUiLdinG SALES 2010-2012

SALE YOC CBD OFFICE CLOSE PROPERTY NRA $/SF BUYER / SELLER PRICE (RENOVATED)

Wells Fargo Center Beacon Capital/ Mar-12 1700 Lincoln Street $387,500,000 1,204,089 $322 1983 Charter Hall Office REIT Denver, CO

Union Square Grand American Inc. / Jan-12 1610 Wynkoop Street $5,300,000 29,202 $181 1948 Phillips Capital Denver, CO

1755 Blake Crow Holdings Realty/ Dec-11 1755 Blake Street $40,600,000 112,928 $360 2008 Haselden Construction Denver, CO

1899 Wynkoop Cornerstone/ Dec-11 1899 Wynkoop Street $52,700,000 165,727 $318 2000 Nichols Partnership Denver, CO

1801 California Brookfield Properties / Dec-11 1801 California Street $215,000,000 1,313,000 $164 1982 Public Service Enterpise Group Denver, CO

The Denver Club Building Lowe Enterprises / Oct-11 518 17th Street $20,200,000 231,454 $87 1954 BROE Denver, CO coLoRAdo BUiLdinG SALES 2010-2012

SALE YOC CBD OFFICE CLOSE PROPERTY NRA $/SF BUYER / SELLER PRICE (RENOVATED)

1515 Wynkoop Jun-11 1515 Wynkoop Street $118,000,000 306,791 $385 2009 American Realty Advisors / Hines Denver, CO

17th & Larimer Unico Properties/ May-11 1645-1675 Larimer St $17,500,000 118,263 $148 1980 Capmark Denver, CO

The Capitol Center 1600 Sherman 1958 / TimeSquare Capital / Apr-11 $24,200,000 154,148 $157 225 E. 16th Ave. 1963 - Renov. 2001 The Capitol Center LLC Denver, CO

550 15th Street Stonebridge Companies / Mar-11 $9,400,000 236,977 $40 1961 Denver, CO Xcel Energy (Public Service Co. of Colorado)

1800 Larimer INVESCO / Feb-11 1800 Larimer Street $213,230,000 495,518 $430 2010 Westfield Company Denver, CO

2300-2340 Blake Street Dec-10 $8,500,000 43,750 $194 1910 Church of Scientology / McClain Finlon Advertising Inc. Denver, CO coLoRAdo BUiLdinG SALES 2010-2012

SALE YOC CBD OFFICE CLOSE PROPERTY NRA $/SF BUYER / SELLER PRICE (RENOVATED)

Granite Tower KBS Realty Advisors / Dec-10 1099 18th Street $149,000,000 561,691 $265 1983 Granite Properties Denver, CO

Symes Building Jun-10 820 16th Street $5,700,000 94,643 $60 1906 820 16th Street LLC / Capmark Denver, CO

1860 Lincoln 1964 / East Pioneer LLC & ARCUS / Sindee Wagner Chief Deputy Mar-10 $16,416,000 338,892 $48 Denver, CO Renov. 1995 Public Trustee coLoRAdo inVESTMEnT pAyS OFF • Where buyers are coming from

SEATTLE, WA

BOSTON, MA HARTFORD, CT NEW YORK, NY $1.5 BILLION

DENVER, CO

LOS ANGELES, CA ATLANTA, GA

DALLAS, TX Union STATion / Lodo

• 2008–2012 - 2,000,000 SF of tenant relocations • 3,730 of new multi-family units under construction or planned in the CBD which is mostly focused on Union Station Neighborhood • 2,388,056 SF of new office development under construction and planned • Hotel and Retail Union STATion / Lodo nEw OFFiCE dEVElOpMEnT UNDER CONSTRUCTION & pLANNED

# Building Name Avlb Office SF Avg Floor SF Total SF

3 1 16 chestnut 346,000 26,550 360,000

2 1601 wewatta 278,283 28,000 299,990 1 WEWATTA 2 WAZEE 3 1801 wewatta 190,980 23,721 204,166 6 16th & wewatta 4 180,000 26,300 230,000 (aka-triangle Bldg)

MARKET One uniOn statiOn 4 5 25,000 22,214 106,000 5 (1601 wynkOOp/1701 16th)

nOrth wing Building 6 34,500 23,000 108,000 (iMa Financial center) LAWRENCE

7 Market & 15th 40,000 10,000 50,000

8 1520 Market 11,400 5,700 16,900 9 11 18TH ST 7 16M 9 130,000 17 - 31,000 168,000 (16th st & Market) 8 Bell tOwer OFFice Building 10 45,000 9,000 45,000 12 (Market & 14th st)

16TH ST 11 twO taBOr center 450,000 21,000 450,000 SPEER BLVD 10

12 999 17th street 350,000 14,583 350,000

2,388,056

Avlb Offi ce SF Avg Floor SF Total SF Comments 1601 WEWATTA 299,990 SF (DECEMBER 2014)

J. David Hart / Senior Vice President / 303.628.7456 / [email protected] Union STATion / Lodo nEw MulTi-hOuSing dEVElOpMEnT UNDER CONSTRUCTION & pLANNED

# Type Building Name # Units End Date 7 2 1 construction started 2020 lawrence 231 Mar 2013

2 construction started yards at denargo Market 301 May 2013 11 5 3 construction started 15th & delgany 285 Mar 2014

9 6 4 construction started cadence 220 May 2013

14 4 5 construction started 1959 chestnut place 312 May 2014 8 6 construction started 2300 walnut street 310 Mar 2014 12 7 construction started aMli at riverfront 242 Feb 2014 15 8 construction started Broadstone on Blake 165 apr 2014

9 construction started alta city house 280 sept 2013 1 construction 10 the Manhattan ii 134 aug 2012 3 completed

11 approval status 2000 delgany 164 n/a

12 approval status union station site - holland 292 n/a

13 Zoning approval Block 109 375 n/a

13 14 Zoning approval Confluence Park 200 n/a

15 Zoning approval legacy 2200 219 n/a

3,730 Address Developer # Units End Date

Confluence Park

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. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. Professional Profile Over his 29-year career, david has completed commercial real estate transactions encompassing over 27 million square feet of space. david’s depth of experience spans coordinating ground-up spec development, national corporate accounts to local brokerage and consulting. his diverse portfolio includes tenant representation, andlord agency, and investment sales transactions. he has represented such major clients as hines, Franklin street properties, Bentall kennedy, principal real estate investors, lucent technologies, legacy partners, Boston Market, sun Microsystems, peoplesoft, Oracle and Ball aerospace. in addition to his work in denver during the past 21 years, david was a top-producing broker in both san Francisco and chicago. he spent 9 years in san Francisco and denver J. David Hart Senior Vice President with Cushman & Wakefield and, prior to that, with Lincoln Property Company and equitec in downtown chicago. david also spent two years running his own commercial 303.628.7456 real estate firm, Commercial Colorado, with his business partner, Chris Phenicie. [email protected] Professional Affiliations / Accreditations • 2010, 2009, 2008, 2007- recognized as “top 10 Overall producer” by cBre denver • Member - denver Metropolitan commercial association of realtors (dMcar) • Member - National Association of Industrial and Office Parks (NAIOP) • Volunteer and co-chair - national sports center for the disabled at winter park • participant and donor - adoption Options • participant and donor - the children’s hospital Foundation

Education BS, Business and Public Administration, University of the Pacific, Stockton, California. David Hart’s Speculative & Build-to-Suit Projects david has been directly involved in over 5.5 million sF of spec and Bts projects: • 100 spear street, 222 kearny, 33 new Montgomery, 455 Market st- • san Francisco, ca 1,002,000 sF • Eos Campus, Broomfield, CO- 186,231 SF (850,000 SF Total) • lucent- 8740-9744 lucent Blvd, highlands ranch, cO- 637,220 sF • Mountain View I, II, III, IV, Broomfield, CO- 461,438 SF • 1900 16th street, denver, cO- 400,538 sF • Eldorado Ridge I, II, III, Broomfield, CO- 326,628 SF • 1601 wewatta, denver, cO- 350,000 sF • 385 Interlocken, Broomfield, CO- 297,682 SF • davita Building- 2000 16th street, denver, cO- 285,000 sF • 390 Interlocken. Broomfield, CO- 241,225 SF • 380 Interlocken, Broomfield, CO- 240,185 SF • Ball Aerospace, Broomfield, CO 200,000 SF • 1801 wewatta, denver, cO- 190,980 sF • 370 Interlocken, Broomfield, CO- 150,656 SF • Boston Market- 14101 denver west pkwy, golden, cO- 150,000 sF • 360 Interlocken, Broomfield, CO- 50,000 SF • coleman company- 1767 denver west pkwy, golden, cO- 40,000 sF