PRESS RELEASE FOR IMMEDIATE RELEASE Contact: [email protected] BRIDGE33 CAPITAL AND WATERFALL ASSET MANAGEMENT BUY MILFORD CROSSING FOR ~$59.6 MILLION MILFORD, CT – April 12, 2019 – Seattle-based Bridge33 Capital and Waterfall Asset Management acquired Milford Crossing Shopping Center in Milford for approximately $59.6 million from LNR Partners LLC. Located at 1349-1417 Boston Post Road (Route 1) in Milford, the 371,537 square-foot shopping center was 98 percent leased at the time of sale. The property is a high-profile, institutional-quality shopping center adjacent to the super-regional Connecticut Post Mall and the heavily trafficked intersection of Interstate 95 and Route 1. Milford Crossing is anchored by Walmart and is leased to best-in-class national retailers including Marshalls, HomeGoods, Petco, JOANN, Barnes & Noble, Staples, Golf Galaxy and Five Below. Managing Directors David Monahan and Chris Angelone, Executive Vice President Nat Heald and Senior Vice President Cameron Pittman led the JLL team on the sale on behalf of LNR. Bridge33 Capital and Waterfall Asset Management represented themselves. Jahan Moslehi, Managing Principal and Co-Founder of Bridge33 Capital, said: “Milford Crossing is located at the 50-yard line of one of the most important retail corridors along the Connecticut shoreline. Our plan is to continue to seek out the best retailers across the nation and put them into our shopping center. Milford Crossing is an excellent fit for our target criteria and complements our existing national retail footprint.” About Bridge33 Capital LLC Based in Seattle with offices in Las Vegas and New York, Bridge33 Capital LLC is a vertically integrated real estate company focused on value-add investments. Since 2013, Bridge33 has acquired approximately 3 million square feet of retail and office properties in 13 states. www.bridge33capital.com About Waterfall Asset Management, LLC Based in New York, Waterfall Asset Management is an SEC-registered institutional asset manager focused on structured credit (asset-backed securities and loans) and private equity investments. Waterfall had approximately $7.7 billion in assets under management as of December 31, 2018. www.waterfallam.com .