PROFESSIONAL PROFILE Manuel de Zárraga Career Summary Executive Managing Director Mr. de Zárraga is an Executive Managing Director and member of the firm’s Executive Committee. He Executive Committee Member also serves as co-head of firm’s National Investment Advisory Group. Mr. de Zárraga has more than 27 years of experience in real estate investment banking and specializes in the execution and expansion of the firm’s capital markets platform through the representation of institutional and major private owners of institutional-grade commercial real estate properties throughout the Southeast. He also oversees the firm’s Special Assets Group and is an active member of the Global Capital Team, with a special focus on the Latin American markets. Since joining HFF, Mr. de Zárraga has been involved in more than $20 billion of capital markets transaction volume. Prior to joining HFF in 2002, Mr. de Zárraga was a Principal and Managing Director at Sonnenblick- Goldman Company for 14 years and served on the firm’s operating committee. During his tenure, he was involved in real estate capital transactions involving all major property types. Mr. de Zárraga also served as the U.S. investment advisor to Grupo Multiplan, Brazil’s dominant regional mall developer and previously serves as the privatization advisor to the government of Puerto Rico for the sale of government-owned hotels. Prior to Sonnenblick-Goldman, Mr. de Zárraga was Vice President of Trade Finance Corporation where he worked in the development of a mortgage-based securitization program in conjunction with Salomon Brothers. Representative Assignments 1450 Brickell Avenue PROPERTY PROPERTY TYPE TRANSACTION TYPE VALUE Suite 2950 Miracle Mile Shops Retail Investment Advisory $1,080,000,000 Miami, FL 33131 Miracle Mile Shops Retail Recapitalization $580,000,000 T: (305) 448-1333 Providence Place Retail Investment Advisory $540,000,000 F: (305) 448-6767 Southeast Financial Center Office Investment Advisory $517,000,000 [email protected] Lincoln Shops Retail Investment Advisory $370,000,000 Tristar/Principal High-street Retail Programmatic JV $300,000,000 Four Seasons Surf Club Hotel/Residential Construction Debt $290,000,000 Specialty Phillips Point Office Investment Advisory $245,500,000 ▪ Major Commercial Real Estate Sales ▪ Joint Ventures and Equity Placement Miami Herald Site Land Investment Advisory $240,000,000 ▪ Office, Retail, Residential, Industrial Jade Beach Residential Residential Construction Debt $220,000,000 and Lodging Properties Mint at Riverfront Residential JV Equity / Debt $191,800,000 Jade Residences at Brickell Bay Residential JV Equity / Debt $180,000,000 Select Clients Miami International Commerce Center Industrial Investment Advisory $178,000,000 ▪ Prudential Insurance ▪ TIAA-CREF Modera Pembroke Residential Investment Advisory/Debt $177,000,000 ▪ Blackstone 2525 Ponce Office Investment Advisory $164,000,000 ▪ TriStar Capital Blue Lake Industrial Investment Advisory $142,000,000 Mizner Park Retail/Residential/Office Investment Advisory $137,000,000 Professional Affiliations Multiplan Regional Mall Portfolio Retail JV Equity Sale $135,000,000 ▪ Urban Land Institute – UDMUC Vice- Lincoln Center Retail Investment Advisory $133,000,000 Chair (ULI) ▪ Consejo Empresarial de America Airport Corporate Center Office Investment Advisory $132,500,000 Latina (CEAL) Miami Center Office Investment Advisory $132,000,000 Douglas Entrance Office Investment Advisory $126,250,000 Community Seneca Industrial Park Industrial Investment Advisory $122,100,000 ▪ Habitat for Humanity, Board Cipriani Resort & Residences Hotel/Residential JV Equity Sale $115,000,000 Chairman ▪ City Year, Board Member Miami Tower Office Investment Advisory $105,500,000 ▪ University of Miami Business School Esperante Office Tower Office Investment Advisory $104,500,000 Real Estate Board, Vice Chairman The Vue Residential Loan Sale $103,000,000 ▪ Florida State University Cheeca Lodge Hotel Investment Advisory $102,000,000 Business School Real Estate Board The Waverly at South Beach Residential JV Equity / Debt $100,000,000 Sheraton Brickell Hotel/Land Investment Advisory $94,000,000 Education ABC Distributing Industrial/Land Investment Advisory $88,800,000 ▪ MBA, University of Miami SBS Tower Office Condo JV Equity Sale $80,000,000 ▪ BS, University of Miami, Civil Sonesta Key Biscayne Land Investment Advisory $78,000,000 Engineering Raleigh SoBe Hotel Investment Advisory $74,000,000 www.hfflp.com .