RETAIL PROPERTY ADVISORY & INVESTMENT SALES REAL ESTATE IS NOT A COMMODITY At Faris Lee we never treat real estate like a commodity. Retail, in particular, is uniquely complex. It’s decidedly tenant-driven and completely location-driven. That is why we established a collaborative and highly creative culture — to set the industry standard in retail investment and client service. Whether advising on a single asset or large portfolio, Faris Lee brings top-level expertise to every aspect of the transaction, providing our clients with strategy, execution, and results that are unmatched by any other retail-specialized group in the nation. One Team. One Company: Moving Markets and Maximizing Value. OUR PLATFORM One Team. One Company. OUR CLIENTS SAY: Many factors make retail properties a superior investment choice. There are also many factors “Creativity and drive to get deals done have that make them a highly complex investment that demands a skilled team of financial and been consistent qualities of the firm over transactional experts. the years. On all of our tougher deals we definitely look to Faris Lee first and they Faris Lee Investments’ integrated investment services platform, which incorporates have proven themselves time and again. comprehensive real estate investment sales expertise and capital markets intelligence, is Ultimately, Faris Lee is a different breed of designed to protect, enhance, and create value. Our clients benefit from our financial counsel broker. They are experts who can do more and ability to produce customized marketing programs to achieve the best outcome, no matter than one thing. If a task or deal doesn’t the level of complexity. When we discuss the strategy for a retail portfolio or single asset, we fit in one box, they think out of the box to don’t just provide an historical analysis, we dig deeper, investigating the street-level financial make it work. Their biggest attribute is that and operational characteristics that will change market perception and in turn, create value. I don’t get put into a corporate machine and spit out the other side... we can get ahold of them, they respond, they get an- swers quickly.” Joe Goveia | 3 SEAMLESS INTEGRATION OF FUNCTIONAL EXPERTISE Minds Moving Markets INSTITUTIONAL SERVICES FINANCE PRIVATE CLIENT INVESTOR SERVICES WEALTH MANAGEMENT Q Portfolio valuation Q Advisory services Q Investment advisory Q Value-add redevelopment Q Q Q Q Q Investments Portfolio optimization Recapitalization Property valuation Reposition & re-merchandise Q Q Q Q Q Insurance and Acquisition and disposition Loan restructuring Appraisal review Merchant banking (co-invest) Q Q annuities strategies Q Discounted loan payoff Acquisition and disposition Asset management Q Q Agency execution Q services Wealth planning Note sales Q Operational audits Q Q Q Q Trust services Distressed asset disposition Merchant banking Transaction management Q Construction management Q Restructuring and and execution Q Estate planning Debt Program Q Concept & feasibility analysis Q recapitalization Financial analytics and Q Q Senior debt Retirement solutions Q Proforma & financial analysis Q Merchant banking engineering Q Q Research Mezzanine debt Q Q Design & development Q Proforma and financial analysis Lease abstracts/lease audits Q Bridge loans Q Q Equity placement Corporate sale-leaseback Equity Capital Q Q Financing Research and consulting Q Equity Q Q 1031/1033 Exchange Finance private capital Q Preferred equity Q planning Investment banking capital Q Rescue equity advisors Q Market research | 4 ONE TEAM – ONE COMPANY Structure Solves Complexity & Maximizes Value We employ a collaborative problem-solving process as a company, which provides our clients better solutions, strategies and outcomes. It’s how we’ve accumulated billions of dollars and thousands of deals in transactional experience. When you work with Faris Lee Investments, you gain from a powerful organization comprised of senior level advisors and a resource team solely dedicated to retail investment. In fact, we engineer our teams to fit the project and client, providing best-in-class service at all levels. We provide a hands-on, street- level, collaborative approach to marketing that goes beyond the expected. Our expertise lies in identifying a property’s potential and working to demonstrate the existing and future value to prospective buyers throughout the marketing process. OUR CLIENTS SAY: “From the underwriting, through the marketing and escrow process, Faris Lee actively managed every aspect of the transaction, which increased my confidence and resulted in a timely close of escrow.” R. Phillip Ramming Product Leader - Retail - Sabal Financial “Faris Lee is unique in providing a very high level of integrated financial and marketing processes.” Chris Westfahl Managing Director - Silverpeak Real Estate Partners | 5 OUR PROCESS The Best Minds, Functional Expertise, Industry Experience, and Market Knowledge Client Objectives & Risk Tolerance Review Project Recommendation Execution Financial & property-level Evaluation Investment Advisory Committee: Q Billions of dollars and thousands of deals in Q Senior level retail leaders collaborate to evaluate and transactional experience Market Assessment Lead & Lag Indicators create customized strategy. Q Proactive, strategic, and focused involvement Financial Services: during escrow Q Assemble local, regional, national team Q Financial control throughout the deal brings certainty of Q Highest level of expertise in every deal Q Bring together financial and transactional execution. throughout the entire process intelligence and expertise Q Team leverages financial experience and relationships Q Ability to overcome environmental, tenant, Q Leverage capital and advisory services to the to maximize value. construction, and appraisal issues benefit of property and client Resource Team: Q Able to tap into every investment advisory Comprehensive marketing resource team provides committee member on each deal financial analytics, research, and accelerated marketing strategies incorporating advertising and promotion. Q Client benefits from access to our proprietary database. | 6 SETTING THE STANDARD Retail Re-Engineered We’re known for our innovative deal matching that connects buyers and sellers. We also specialize in creative solutions including: lease structuring, development advisory, breakup and pre-sale strategies, complex loan assumption scenarios, and zero cash flow transactions, among others. Our customized integrated solutions, financial counsel, and commitment to long-term relationships gives our clients a unique advantage. Over the years, Faris Lee has been recognized for its leading-edge retail investment marketing strategies, financial insight, and distinct collaborative team culture. No matter the client’s goals and objectives, we can deliver the right balance of financial, transactional, and operational expertise to achieve superior results. | 7 OUR FOUNDATION Protecting Value – Delivering on Commitments WE ARE FULLY COMMITTED TO DELIVERING ON OUR PROMISES AND PRINCIPLES. Our Promise: Protect, Enhance, and Create Value Business Principles Q The client’s best interest is our paramount objective and concern. Q We are committed, responsible, and accountable to the success of our clients, Faris Lee Investments, and each other. Q We treat each other with integrity, dignity, and respect. Q We share openly and completely for the benefit of our clients and each other. Q We are committed to superior quality standards and excellence in all that we do. Q We are committed to deliver the best of our firm to every client and each project, every time. OUR CLIENTS SAY: “We have worked on many projects with Faris Lee, and they are first-class advisors and brokers.” Ed Coppola President - Macerich Company “Faris Lee has a proven track record for strategically tapping into both institutional and private buyer pools.” Bill Ohlsen Senior Vice President - LNR Partners, LLC | 8 THE TEAM About Us Faris Lee was founded in 1996 on the belief there was a place in the industry for a firm with a commitment to openness, transparency, and a willingness to share ideas. At the time, these basic tenets were different from the norm and continue to be so today. In any market, up or down, Faris Lee has continued to rely on forward-thinking, market expertise, collaborative teamwork and creative insight to deliver outstanding value to our clients. Operating with a highly skilled, deeply experienced team of retail specialists, we’ve closed thousands of deals worth billions of dollars, achieving the industry’s highest percentage closing record. Today, Faris Lee is one of the leading retail real estate advisory firms in the nation. OUR TEAM In-Depth Industry Experience RICHARD W. CHICHESTER President and Chief Executive Officer As President and Chief Executive Officer of Faris Lee Investments, Mr. Chichester is responsible for overseeing the development and execution of the firm’s business strategies, and managing its day-to-day operations. A 30-year real estate industry veteran, Mr. Chichester is a commercial real estate executive, successful at building corporate value and improving profitability through market expansion and development, process re-engineering, business development, cost containment, client base management, and corporate positioning. His core competencies are focused on accelerated growth and/or turnaround that emphasize stabilization and revitalization strategies, and strong financial management. Mr. Chichester