Untitled - The Harris Group
Transcription
Untitled - The Harris Group
T H G M i s s i o n Stat e m e n t The Harris Group is a highly focused multi-family investment sales and advisory company. We believe that an investor’s interests are best represented through relationships founded on trust and strengthened by longevity. We understand that the world in which we invest is constantly evolving, as are the needs of our clients. These principles shape everything we do and drive our commitment to be the definitive resource for multi- family investors in our markets. We measure our accomplishments not on a transactional basis, but over the course of an entire relationship. R E L AT I O N S H I P D R I V E N R E S U LT S. | TABLE OF CONTENTS | RELATIONSHIP DRIVEN RESULTS Clearly Defined Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Marcus & Millichap Partnership THG Team 3 PROCESS DRIVEN RESULTS Business Development Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 CREATING OPPORTUNITIES Creating Opportunities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 RESEARCH DRIVEN RESULTS THG MarketLink . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 PROVEN RESULTS Accomplishments Our Clients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 THG Closed Transaction List Case Studies 41 | RELATIONSHIP DRIVEN RESULTS | RELATIONSHIP | A STATE OF CONNECTEDNESS BUILT ON TRUST AND MUTUAL RESPECT | 2 | R E L AT I O N S H I P D R I V E N R E S U LT S CLEARLY DEFINED MARKET We have dedicated ourselves to the meticulous study of our geographic market: Los Angeles, Orange, and Ventura counties. With over 15 years of focused exploration and experience, we have walked, examined, and analyzed our landscape of submarkets. This knowledge is powerful and provides the foundation for comprehensive, credible analysis. " A/<B/1:/@7B/ D/::3G THG SUBMARKETS AO\bO1ZO`WbO LOS ANGELES COUNTY Beach Cities / Palos Verdes D3<BC@/ 1=C<BG Beverly Hills / West Hollywood D3<BC@/ <=@B6 Burbank Glendale & AW[WDOZZSg Greater Downtown <]`bV`WRUS A4D³3/AB A4D³E3AB BV]caO\R=OYa D3<BC@/ A=CB6 0=06=>3 /7@>=@B DO\<cga 1O\]UO >O`Y Hollywood / Silverlake >/A/23</;=<@=D7//@1/27/ # 5:3<2/:3 ;OZWPc A/<B/;=<71/ AO\bO;]\WQO D3<713 A5D E3AB Long Beach–Downtown :]a/\USZSa Long Beach–Suburban A5D³3/AB 1cZdS` 1Wbg :/F Pasadena / Monrovia / Arcadia EVWbbWS` :/³A=CB6 6/EB6=@<3 5/@23</ Santa Clarita Valley 2]e\Sg :/³A=CB63/AB # 1][^b]\ SFV–East > O B=@@/<13 :=<503/16 AC0C@0/< "# # :=<503/16 /7@>=@B Q :=<503/16 2=E<B=E< /\OVSW[ SGV–East =`O\US Torrance 5O`RS\5`]dS AO\bO/\O ORANGE COUNTY AO\>SR`] Orange County–North ## "# = 8=6<E/G<3 =1/7@>=@B Q 6c\bW\Ub]\ 0SOQV S O \ SFV–West SGV–West =@/<531=C<BG <=@B6 Q 03/1617B73A >/:=AD3@23A T =@/<53 1=C<BG 4cZZS`b]\ ' 1O`a]\ Santa Monica / Venice #% <]`eOZY % @SR]\R] 0SOQV W Mid-Wilshire / Koreatown $# 7\UZSe]]R Malibu / Palisades Metro–West $ ;O\VObbO\ 0SOQV >][]\O ESab1]dW\O 5@3/B3@2=E<B=E< LAX AO\5OP`WSZ ;72E7:A67@3 9=@3/B=E< ;3B@= E3AB LA–Southeast /`QORWO 6=::GE==2 A7:D3@:/93 03D3@:G 67::A E3AB 6=::GE==2 ;/:70C>/:7A/23A LA–South ;]\`]dWO >OaORS\O AVS`[O\=OYa "# Hawthorne / Gardena 0C@0/<9 3\QW\] :=A/<53:3A 1=C<BG Orange County–South 7`dW\S 1]abO;SaO <Se^]`b 0SOQV VENTURA COUNTY =@/<531=C<BG A=CB6 Ventura–North Ventura–South :OUc\O 0SOQV R E L AT I O N S H I P D R I V E N R E S U LT S |3| | 4 | R E L AT I O N S H I P D R I V E N R E S U LT S MARCUS & MILLICHAP PARTNERSHIP We are partnered with the nation’s largest commercial real estate investment services firm, Marcus & Millichap. We have access to investment opportunities in every product type in every market, as well as a national buyer pool. This relationship allows us to provide our clients with widespread reach and exposure, while simultaneously delivering the results that only a hyper-connected local expert can produce. R E L AT I O N S H I P D R I V E N R E S U LT S |5| | 6 | R E L AT I O N S H I P D R I V E N R E S U LT S THG TEAM The Harris Group’s culture is born of our people. We are driven, creative, entrepreneurial, and intensely passionate about what we do. We firmly believe in the power of team building and our energy and ambition fuel the company fire. With the synergy created by multiple minds sharing a common purpose and a strong sense of connection, we deliver potent results. Unique Structure The cornerstone of The Harris Group’s foundation is our Business Development team. We function like no other brokerage advisory firm in the industry. The Harris Group combines expert business development associates, dedicated analysts, and experienced transaction managers in an environment of trust and collaboration. Our clients’ experience is simplified: one point of contact, with a highly calibrated infrastructure of support. Clear Purpose We are driven by our concept of advisory responsibility. Our unique structure removes counter-productive internal competition, allowing our team to work toward a common goal: serving our clients. In addition, clients benefit from the relationships of not just one business development advisor, but an entire team. Strength in numbers and trust in collaboration expands our reach, thereby creating a multitude of opportunities for buyers and sellers alike. Power to Act Effectively With an unchanging, clear purpose, The Harris Group is enabled to act effectively, amplifying the gains of our clients and sustaining long-lasting relationships. R E L AT I O N S H I P D R I V E N R E S U LT S |7| | 8 | R E L AT I O N S H I P D R I V E N R E S U LT S THG EXECUTIVE TEAM Greg Harris President and Founder of The Harris Group Executive Vice President, Investments at Marcus & Millichap For over 15 years, Greg Harris has focused on investment property sales in Los Angeles, Orange, and Ventura counties. As an expert advisor, he is known for his ability to create opportunities. He has been a featured speaker on a number of panels, including RealShare’s Real Estate 2008 and Apartments 2008. A self-described “student of the business”, Greg has been quoted in the Wall Street Journal, GlobeSt.com, Real Estate Southern California Magazine, Multi-Family Executive, the Los Angeles Times, IREI’s Dealmakers, and the Los Angeles, Orange County, and San Fernando Valley Business Journals. During his tenure at Marcus & Millichap, Greg has been the only member of the Chairman’s Circle of Excellence honored with membership for seven consecutive years. He has eleven years of National Achievement Awards, as well as ten consecutive years as a Top 10 Marcus & Millichap Agent nationwide. In 2002, after eight years with the company, he was named the youngest Vice President, Investments in Marcus & Millichap history. In 2008, he became one of only three to be awarded the title Executive Vice President, Investments. Real Estate Southern California named Greg Top Broker for 2008, making him a ten-time honoree. His trademark innovation and client-centric focus caught the attention of the California Real Estate Journal; he was nominated a California Dealmaker in 2008. Greg is a UCLA graduate and holds a Bachelor of Arts in Sociology. He is Senior Director of the National Multi Housing Group and a member of the Urban Land Institute, the International Council of Shopping Centers, and the Tenant in Common Association. R E L AT I O N S H I P D R I V E N R E S U LT S |9| | 1 0 | R E L AT I O N S H I P D R I V E N R E S U LT S THG EXECUTIVE TEAM Kevin Green Director of Business Development As Director of Business Development, Kevin oversees all aspects of The Harris Group’s Business Development Process. He is responsible for multi-family sales, client relationships, and the cultivation of new business opportunities. Prior to joining The Harris Group in 2003, Kevin worked within the sales team of a Fortune 500 company. He spent his first two years at THG as Director of Marketing, before his shift to Director of Business Development. He received a Bachelor of Science in Business Administration with dual majors in Marketing and Entrepreneurship from the University of Arizona. Kevin is an active member of the Urban Land Institute and a California Real Estate Salesperson. Joseph Grabiec Senior Business Development Associate A key member of the Business Development Team, Joseph is responsible for opportunity sourcing, client relationships, and asset analysis. Joseph joined THG in 2002 as Senior Financial Analyst and has made the transition from analyst to associate. He continues to provide high-level analysis and guidance. Joseph has a Bachelor of Science in Finance from Babson College in Wellesley, Massachusetts and graduated Cum Laude. In addition, he was a member of his college’s NCAA ice hockey team. Joseph is an active member of the Urban Land Institute and a California Real Estate Salesperson. R E L AT I O N S H I P D R I V E N R E S U LT S |11| | 1 2 | R E L AT I O N S H I P D R I V E N R E S U LT S THG EXECUTIVE TEAM Mark Hodge Controller As Controller for The Harris Group, Mark oversees the Accounting and Finance functions. His sphere of expertise includes financial reporting, cash management, implementation, and monitoring of internal controls and financial analysis. Mark ensures that THG is consistently in compliance, financially strong, and operating fluidly, providing management with the necessary tools to make sound business decisions. With over 13 years of experience in Accounting and Finance, Mark has worked for a number of notable companies, including Ruby’s Restaurant Group and BeachComber Restaurant Group. His experience also extends to the hotel, hospitality, and transportation industries. Mark joined The Harris Group in 2008. He holds a Bachelor of Science in Accounting from the University of Hartford, as well as a Master of Arts in Sports Management from the University of San Francisco. Mark is currently working toward the completion of his CPA license. He is an active member of the Financial Executive Network Group. R E L AT I O N S H I P D R I V E N R E S U LT S |13| | 1 4 | R E L AT I O N S H I P D R I V E N R E S U LT S THG SUPPORT TEAM Gene H. Kim Financial Analyst As Financial Analyst to The Harris Group, Gene is responsible for extensive analysis, valuations, and underwriting. His expertise includes the determination of economic value, operational performance, trending, market research, and the development of financial models. Gene’s sharp eye for design also finds him creating property presentations, proposals and templates. Prior to joining The Harris Group in 2006, Gene worked with Morgan Stanley as a Financial Advisor. He has a Bachelor of Science in Administration from Pepperdine University. Gene is actively involved with the Urban Land Institute. George Miyamoto Operations Manager George is an integral member of The Harris Group. As Operations Manager, George is heavily involved in all administrative duties. His scope of duties also extends into the transaction process. As the leader of our in house transaction management team, George’s responsibilities include drafting of contracts, coordination of under contract requirements, and facilitation of the escrow period and closing. George joined The Harris Group in 2006 as an Executive Assistant. He was promoted to Transaction Coordinator in 2007 and now holds the title of Operations Manager. George has a Bachelor of Science in Business Administration, with an emphasis in Information Systems, from the University of California, Riverside. R E L AT I O N S H I P D R I V E N R E S U LT S |15| | 1 6 | R E L AT I O N S H I P D R I V E N R E S U LT S THG AFFILIATED AGENTS Jeff Benson Vice President, Investments Jeff is an apartment specialist whose areas of excellence include sourcing opportunities and skilled negotiation. His high-energy, leave-no-stone-unturned method results in consistent client success. Jeff joined Marcus & Millichap in 2001 and The Harris Group in 2002. He was promoted to Senior Associate in 2006 and then to Vice President, Investments in 2007. He is also a multi-year National Achievement Award honoree. Jeff holds a Bachelor of Science in Political Science from the University of Arizona. He is a Director of the National Multi Housing Group and a California Real Estate Salesperson. George W. Ekins Senior Investment Associate George specializes in apartments, with an emphasis on private individuals and family trusts. His strengths are comprehending market trends, the benefits of real estate investment, and underwriting and applying these concepts to an investor’s overall portfolio. Before joining The Harris Group in 2002, George worked in manufacturing and logistics. His experience spans the globe, including Taiwan, China, and the U.S. George has a Bachelor of Arts in International Business, with a Minor in Chinese, from Whittier College. He is conversant in Mandarin Chinese. George is a California Real Estate Salesperson. R E L AT I O N S H I P D R I V E N R E S U LT S |17| | 1 8 | R E L AT I O N S H I P D R I V E N R E S U LT S | PROCESS DRIVEN RESULTS | PROCESS | A SERIES OF PROGRESSIVE AND INTERDEPENDENT STEPS BY WHICH A RESULT IS ACHIEVED | 2 0 | P R O C E S S D R I V E N R E S U LT S BUSINESS DEVELOPMENT PROCESS We believe in the power of our Business Development Process. It is the method behind our success. Comprised of ASSET VALUATION, EXCLUSIVE LISTING, and TRANSACTION MANAGEMENT, each step is a building block for the next. Through consistent refinement over 15 years, our system creates value, ensures accountability, and achieves results. ASSET VALUATION PROCESS EXCLUSIVE LISTING PROCESS TRANSACTION MANAGEMENT PROCESS Whether our clients are contemplating a Since 1994, we have exclusively listed and There is no substitute for experience in suc- sale or looking for opportunities to improve closed more than $2B in investment property cessful transaction management. Since 1994, their investment’s return, our Asset Valuation sales. Our success is the direct by-product we have closed over 300 individual escrows Process has one simple goal: Create a plan to of our commitment to: Open Communica- with sales prices ranging from $500,000 to maximize a property’s income and value. We tion, Aggressive Marketing, Industry-Wide $150,000,000. Our mission is to deliver a know from experience that increasing rents, Networking, Rigorous Follow-Up, and Agent full-service streamlined process, increasing making physical upgrades, and streamlining Accountability. We have built unparalleled probability at every step. Our network of expenses cannot be performed without under- client relationships in both the private and strategic partners (lenders, title and escrow standing the costs and benefits. Therefore, we institutional sectors and actively cooperate companies, property management, and third conduct a thorough analysis and offer objec- with non-affiliated brokers. In a constantly party inspectors) facilitate the due diligence tive, empirically-based recommendations for evolving investment landscape, our Exclusive process and provide us with the resources our clients. As owners ourselves, and with Listing Process ensures transparency and suc- necessary to ensure a successful close. hundreds of private and institutional clients, cessful execution. we bring a broad spectrum of knowledge to 1. Draft Contracts every assignment. The resulting work product 1. is a reliable decision-making tool. 2. Prepare Marketing Tools 3. Coordinate Contract Execution 3. Determine High Probability Buyer Profile 4. Manage Transaction Timeline 1. Execute Rep Agreement 2. Aggregate & Organize Due Diligence Assess Investment Opportunity ■ THG Relationships 5. Coordinate Buyer Due Diligence REVIEW PROPERTY LOCATION AND MARKET ■ THG Marketlink 6. Facilitate Removal of Contingencies ■ Marcus & Millichap System 7. Oversee Escrow Process ■ Physical Property ■ Non-Affiliated Brokers ■ 8. Deliver Weekly Transaction Email Updates Operations ■ Rent ■ Aggressive Prospecting ■ Sales ■ Rigorous Follow-Up ■ Location ■ Repeat ■ Market 4. Implement Marketing Campaign 9. Coordinate Closing 10. Assist with Post-Closing Transition 5. Provide Agent Accountability Reports 2. Conduct SWOT Analysis ■ Bi-Weekly Email Updates 3. Perform & Review Financial Analysis & Underwriting ■ Prospect Summary List ■ Phone Follow-Up 4. Finalize Property Valuation & Market Positioning P R O C E S S D R I V E N R E S U LT S |21| | 2 2 | P R O C E S S D R I V E N R E S U LT S | CREATING OPPORTUNITIES | OPPORTUNITIES | FAVORABLE CONDITIONS FOR PROGRESS AND SUCCESS | 2 4 | C R E AT I N G O P P O R T U N I T I E S CREATING OPPORTUNITIES As multi-family investment sales specialists, we are at the core of our market. Our Business Development Process continually expands our network of relationships, while systematically and rigorously analyzing hundreds of assets each year. Over time, the compounded benefit to our clients is a broad spectrum of opportunity. We function as a third-party acquisitions and dispositions team and are utilized as the go-to source of investment offerings and 1031 exchange buyers. Beyond the traditional transaction-based services, we leverage our robust data collection, market knowledge, and experience to help our clients maximize returns in their existing investment portfolios. INVESTMENT SALES PROPERTY ACQUISITIONS PROPERTY DISPOSITIONS THG Exclusive Listing Process THG Exclusive Listing Process "Off-Market" Opportunities Access to 1031 Investors Marcus & Millichap Inventory Full Cooperation with Other Marcus & Millichap and Non-Affiliated Brokers Open Market Listings Third-Party Underwriting/Auditing of Investment Offerings ADVISORY | ASSET MANAGEMENT RESOURCE IMPROVE ASSET PERFORMANCE THIRD-PARTY ACCOUNTABILITY MARKET STUDY Asset Valuation (BOV) Competitive Rent Analysis Report Local/Market Spotlight Reports Operating Statement Audit On-Site Manager "Secret Shopper" Development/Construction Supply Pipeline Assess New Income Opportunities Property Management Company Referrals Affordability Gap Analysis Cost/Benefit Analysis for Capital Improvements Market Rent Study Property Re-Positioning and Re-Branding C R E AT I N G O P P O R T U N I T I E S |25| | 2 6 | C R E AT I N G O P P O R T U N I T I E S | RESEARCH DRIVEN RESULTS | RESEARCH | DILIGENT AND SYSTEMATIC INQUIRY OR INVESTIGATION INTO A SUBJECT | 2 8 | R E S E A R C H D R I V E N R E S U LT S RESEARCH DRIVEN RESULTS We believe that a successful, lasting investment strategy is empowered by comprehensive market research. Therefore, our objective is to deliver a methodology and a proprietary approach for reporting and data collection at a micro-market level that truly differentiates itself and provides meaningful and useful analysis. THG MarketLink™ The primary source of The Harris Group’s research is our proprietary database application, THG MarketLink™. Starting with various individual subscriptionbased resources, we created the ultimate tracking tool for all market activity. Data from all sources are compiled, compared, and validated against our own internal research to ensure we have the most accurate, up-to-the-minute information. The application also provides the basis for sophisticated reporting and analytics. THG MARKETLINK TRACKING CAPABILITIES THG MARKET RESEARCH PUBLICATIONS AND REPORTS 1. On-Market Sales Activity 1. Market Trend Reports 2. Sales and Rent Comparables a. Trend Analysis Report i. On Market 3. Development Pipeline/Construction Activity 4. Market Trends a. Rent Growth b. Occupancy ii. Closed b. Submarket Activity Report c. Property Detail Report 2. Market Snapshot c. Concessions d. Affordability Gap 5. Property Details a. Amenities b. Unit Square Footage c. Unit Mix d. Lot Square Footage e. Zoning We utilize a broad range of reputable industry sources to balance our research, including REIS, CoStar, Real Facts, TWR, DataQuick, PPR, Loopnet, Moody’s Economy, Bureau of Labor Statistics, Employment Development Department, RealQuest, LAEDC, Marcus & Millichap, and RCA. R E S E A R C H D R I V E N R E S U LT S |29| | 3 0 | R E S E A R C H D R I V E N R E S U LT S | PROVEN RESULTS | RESULTS | THE SUCCESSFUL OUTCOME OF A STRATEGICALLY PLANNED COURSE OF ACTION | 3 2 | P R O V E N R E S U LT S ACCOMPLISHMENTS 2009 TRANSACTIONS ■ 11 Properties Sold, in Excess of $141 Million AWARDS 2008 TRANSACTIONS ■ 32 Properties Sold, in Excess of $240 Million AWARDS ■ Marcus & Millichap Top 5 Agent, 11th consecutive year (#5 producing agent of 900 nationwide) ■ Marcus & Millichap Top 5 Agent, 10th consecutive year (#3 producing agent of 900 nationwide) ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 8th consecutive year ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 7th consecutive year ■ Marcus & Millichap National Achievement Award, 11th consecutive year ■ Marcus & Millichap Chairman’s Club, 10th consecutive year ■ Real Estate Southern California Magazine 2009 Top Broker Award, 6th consecutive year ■ Marcus & Millichap Chairman’s Club Circle of Excellence, 6th consecutive year ■ Marcus & Millichap Seven Figure Club ■ Marcus & Millichap National Achievement Award, 10th consecutive year ■ Real Estate Southern California Magazine 2008 Top Broker Award, 5th consecutive year ■ California Real Estate Journal Dealmaker 2008 Nominee SPEAKING ENGAGEMENTS / INTERVIEWS ■ California Real Estate Journal | Multifamily Roundtable Interview, Panelist - “Making the Most from Multifamily” ■ Real Estate Southern California Magazine, Interviewee - “Playing the Contrarian Role” ■ San Fernando Valley Business Journal, Interviewee - “Many Challenges Ahead for Multifamily” ■ ■ SPEAKING ENGAGEMENTS ■ Real Estate Southern California’s Real Estate 2008 Conference, Panelist – “Will a Questionable Economy Prove Friend or Foe for Multi-Family Investment and Development?” Commercial Real Estate Feed, Interviewee - “Five Questions with Greg Harris” ■ Southern California Chapter Appraisal Institute’s 2008 Summer Conference, Panelist – “State of the Market” Globe St., Interviewee - “Listings Show Market Aiming to Reprice” ■ KNX 1070 News Radio Los Angeles, Featured Live Interview – “Multi-Family Investment Trends” ■ Real Estate Southern California’s Apartments 2008 Conference, Panelist – “The Word from the Street: Top Investment Sales Brokers on How to Survive and Even Thrive in a Low Velocity, Re-Trading, and Dislocated Market” P R O V E N R E S U LT S |33| | 3 4 | P R O V E N R E S U LT S ACCOMPLISHMENTS 2007 TRANSACTIONS ■ 30 Properties Sold, in Excess of $350 Million AWARDS 2005 TRANSACTIONS ■ 45 Properties Sold, in Excess of $520 Million AWARDS ■ Named Executive Vice President, Investments for Marcus & Millichap ■ ■ Marcus & Millichap Top 5 Agent, 9th consecutive year (#3 producing agent of 900 nationwide) Marcus & Millichap Top 5 Agent, 7th consecutive year (#2 producing agent of 900 nationwide) ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 6th consecutive year Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 4th consecutive year ■ Marcus & Millichap Chairman’s Club, 7th consecutive year ■ Marcus & Millichap Chairman’s Club, 9th consecutive year ■ ■ Marcus & Millichap Chairman’s Club Circle of Excellence, 5th consecutive year Marcus & Millichap Chairman’s Club Circle of Excellence, 3rd consecutive year ■ Marcus & Millichap National Achievement Award, 7th consecutive year ■ Marcus & Millichap National Achievement Award, 9th consecutive year ■ ■ Real Estate Southern California Magazine 2007 Top Broker Award, 4th consecutive year Real Estate Southern California Magazine 2005 Top Broker Award, 2nd consecutive year ■ Los Angeles Business Journal’s Best Places to Work in LA awarded to The Harris Group ■ ■ Real Estate Forum 100, Honorable Mention awarded to The Harris Group 2006 TRANSACTIONS ■ 2004 TRANSACTIONS ■ AWARDS ■ Marcus & Millichap Top 5 Agent, 6th consecutive year (#2 producing agent of 900 nationwide) ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 3rd consecutive year ■ Marcus & Millichap Chairman’s Club, 6th consecutive year Marcus & Millichap Chairman’s Club Circle of Excellence, 2nd consecutive year 24 Properties Sold, in Excess of $400 Million AWARDS 67 Properties Sold, in Excess of $400 Million ■ Marcus & Millichap Top 5 Agent, 8th consecutive year (#3 producing agent of 900 nationwide) ■ ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 5th consecutive year ■ Marcus & Millichap National Achievement Award, 6th consecutive year ■ Real Estate Southern California Magazine 2004 Top Broker Award ■ Marcus & Millichap Chairman’s Club, 8th consecutive year ■ Marcus & Millichap Chairman’s Club Circle of Excellence, 4th consecutive year ■ Marcus & Millichap National Achievement Award, 8th consecutive year ■ Real Estate Southern California Magazine 2006 Top Broker Award, 3rd consecutive year P R O V E N R E S U LT S |35| | 3 6 | P R O V E N R E S U LT S ACCOMPLISHMENTS 2003 TRANSACTIONS ■ 58 Properties Sold, in Excess of $225 Million AWARDS ■ Marcus & Millichap Top 5 Agent, 5th consecutive year (#2 producing agent of 700 nationwide) ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 2nd consecutive year ■ Marcus & Millichap Chairman’s Club, 5th consecutive year ■ Marcus & Millichap Chairman’s Club Circle of Excellence, inaugural year ■ Marcus & Millichap National Achievement Award, 5th consecutive year 2002 2000 TRANSACTIONS ■ 24 Properties Sold, in Excess of $60 Million AWARDS ■ Nominated to Senior Director, National Multi Housing Council ■ Marcus & Millichap Top 5 Agent, 2nd consecutive year (#5 producing agent of 700 nationwide) ■ Marcus & Millichap Chairman’s Club, 2nd consecutive year ■ Marcus & Millichap National Achievement Award, 2nd consecutive year 1999 TRANSACTIONS ■ 23 Properties Sold, in Excess of $55 Million TRANSACTIONS ■ 41 Properties Sold, in Excess of $100 Million AWARDS ■ Marcus & Millichap Top 5 Agent (#2 producing agent of 700 nationwide) AWARDS ■ Named Vice President, Investments for Marcus & Millichap ■ ■ Marcus & Millichap Top 5 Agent, 4th consecutive year (#5 producing agent of 700 nationwide) Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County, 2nd consecutive year ■ Marcus & Millichap Chairman’s Club ■ Marcus & Millichap National Achievement Award ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County ■ Marcus & Millichap Chairman’s Club, 4th consecutive year ■ Marcus & Millichap National Achievement Award, 4th consecutive year 1998 TRANSACTIONS ■ 15 Properties Sold, in Excess of $25 Million 2001 AWARDS TRANSACTIONS ■ 20 Properties Sold, in Excess of $60 Million ■ Marcus & Millichap #1 Producing Agent for Los Angeles/Ventura County AWARDS ■ Marcus & Millichap Top 5 Agent, 3rd consecutive year (#5 producing agent of 700 nationwide) ■ Marcus & Millichap Chairman’s Club, 3rd consecutive year ■ Marcus & Millichap National Achievement Award, 3rd consecutive year P R O V E N R E S U LT S | 37| | 3 8 | P R O V E N R E S U LT S OUR CLIENTS Southern California multi-family property ownership is diverse. That is why we are committed to continually expanding our network of private and institutional investor relationships. This ensures that our clients always have access to the best resources and opportunities. Institutional Clients We have represented institutional clients for over a decade and understand they have specific requirements. Robust empirically validated analysis and underwriting, high-end marketing materials, and detailed progress reports to ensure agent accountability are a minimum standard. We maintain relationships with every REIT, equity fund advisor, developer/sponsor, and active lender in the marketplace, positioning us to deliver the most motivated sellers and aggressive equity in the market. Furthermore, our private client relationships amplify our reach into unconventional capital sources. With a demonstrable process for Asset Valuation, Exclusive Listing, and Transaction Management, we deliver consistent results. Below is a partial list of the institutional clients with whom we have closed business. ■ ■ AIMCO ■ EQUITY RESIDENTIAL ■ LEGG MASON MARK J. WEINSTEIN INVESTMENTS ANCHOR PACIFICA GROUP ■ ESSEX PROPERTY TRUST ■ ■ ARCHSTONE ■ FAIRFIELD RESIDENTIAL ■ MORGAN STANLEY/AMLI ■ ASLAN REALTY GROUP ■ FOREST CITY RESIDENTIAL WEST ■ NORTHWESTERN MUTUAL ■ THE BASCOM GROUP ■ FOWLER PROPERTY ACQUISITIONS ■ PACIFIC PROPERTY COMPANY ■ BAY NORTH CAPITAL ■ FRIEDKIN REALTY GROUP ■ PCS DEVELOPMENT ■ BLACKROCK ■ GE REAL ESTATE ■ PRAEDIUM GROUP ■ BRE PROPERTIES ■ HANOVER FINANCIAL COMPANY ■ PROMETHEUS REAL ESTATE GROUP, INC. ■ CALPERS ■ IMT CAPITAL, LLC ■ REALTY CENTER MANAGEMENT, INC. ■ CAPMARK ■ INTERSTATE EQUITIES CORPORATION ■ ROCKPOINT GROUP ■ COASTLINE CAPITAL PARTNERS, LLC ■ KENNEDY WILSON ■ RW SELBY & COMPANY ■ CT REALTY CORPORATION ■ L & B PENSION FUND ADVISORS P R O V E N R E S U LT S |39| | 4 0 | P R O V E N R E S U LT S Private Clients Since inception, our private clients have been an integral part of our business and our success continues to be greatly attributed to these relationships. Over the years, we have expanded our focus to include an institutional client base and a broader geography. Our growth has demanded an increase in capabilities: more rigorous underwriting practices, higher quality marketing materials, cutting edge strategy, and a heightened level of accountability. As a result, we have a refined process which delivers better service and better results. In working with THG, I have found that they offer the broadest exposure for your property to buyers. They have a deep database, a close working relationship with a myriad of potential buyers, and a systematic marketing platform to reach out to all others.” BRIAN HORNER, PRINCIPAL, VENTURE WEST CAPITAL | I can’t think of an instance where we’ve been dissatisfied. Too many positive results to remember!” JIM ROSTEN, PRESIDENT, BENEDICT CANYON | The Harris Group is a team of experts offering the best advice and guidance in the industry.” MARK KANTER, PRESIDENT, COMMERCIAL REALTY CONSULTANTS, INC. | Greg always keeps his eye on the transaction and prepares for the unexpected.” STEVE HEIMLER, PRESIDENT, CIRRUS ASSET MANAGEMENT | The Harris Group is attentive, investigative, productive, insightful, has a keen awareness of and concern for the client, and maintains excellent follow-through.” TOM REDFERN, REDFERN FAMILY TRUST | P R O V E N R E S U LT S | 41| | 4 2 | P R O V E N R E S U LT S Client Testimonials “In 1995, after nearly three decades as a broker, I started working with The Harris Group. Since then, my portfolio has grown from $10 million to more than $200 million, largely through 1031 Exchange transactions. As the owner of more than 2,500 units, I have to give The Harris Group much of the credit for my success. They discovered strong off-market opportunities that added substantial value to my portfolio and they have always sold my properties at the highest possible price. Their portfolio evaluation and strategic planning abilities are far above the industry standard and their integrity is rock solid. I know I can depend on the entire team to work hard on my behalf.” | TOM REDFERN, REDFERN FAMILY TRUST | “It was absolute pleasure working with The Harris Group on the recent sale of the Hampton at South Bay Multifamily Complex. The quality of work and professionalism was of the highest caliber every step of the way. I credit much of the success and speed with which this transaction was closed to The Harris Group’s remarkable efforts. They are clearly a leader in the brokerage industry and I look forward to the opportunity to work with them again. It is with great pride that I recommend The Harris Group.” | SUSAN J. SWERDLOFF, VICE PRESIDENT & SENIOR WORKOUT SPECIALIST, UNION BANK | “I would like to thank you and your team for a delightful evening. I was impressed with the quality of your event, clever marketing, and elegant touch. I have encountered few who truly “get it” — marketing the asset vision, underpinned by the reality. I look forward to our next deal(s). I fully expect to have many, many reasons to continue and grow our relationship.” | AL PACE, PACIFIC PROPERTY COMPANY | “I will always do business with The Harris Group regardless if I’m a buyer or seller. They are extremely client centric, have the highest level of expertise, and are loyal. They’re also good listeners and have the uncanny skill of marrying disparate client needs to achieve results good for both sides.” | JIM ROSTEN, MANAGING MEMBER, BENEDICT CANYON EQUITIES | “The Harris Group is capable, helpful, friendly, and professional. Their relationships with buyers and sellers are very strong and their knowledge of the market is excellent.” | ROBERT E. HART, CEO & PRESIDENT, KW MULTIFAMILY MANAGEMENT GROUP | “Equity Residential was working an acquisition where The Harris Group was the exclusive listing agent. In the middle of due diligence, Equity inquired about the potential opportunity to acquire a nearby property that was not on the market. The Harris Group took the lead and was not only successful in setting up a meeting with the property owner, they were able to put an off-market deal together that closed in a very competitive market. Both properties closed and The Harris Group was instrumental in allowing Equity to gain a presence in one of the top sub-markets in Southern California.” | JIM ALEXANDER, SENIOR VICE PRESIDENT, EQUITY RESIDENTIAL | P R O V E N R E S U LT S |43| | 4 4 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS PRICE/UNIT TYPE COE 12629-12729 Riverside Dr Valley Village N/A $15,000,000 SALES PRICE N/A Land 11/12/2010 716 S. Los Angeles St Los Angeles 165 $31,100,000 $188,484 Multi-family 10/29/2010 14355 Huston St Sherman Oaks 74 $9,400,000 $127,027 Mutl-family 8/31/2010 15878 Larkspur St Sylmar 80 $9,625,000 $120,313 Multi-family 7/29/2010 8636 Willis Ave Panorama City 32 $2,695,000 $84,219 Multi-family 3/31/2010 2201 Studebaker Rd Norwalk 144 $15,240,000 $105,833 Multi-family 3/25/2010 1155 Hacienda Place West Hollywood 45 $8,750,000 $194,444 Multi-family 12/31/2009 14121-14153 Ventura Blvd Sherman Oaks N/A $6,300,000 N/A Land 12/21/2009 8353 Cedros Ave Panorama City 60 $5,690,000 $94,833 Multi-family 12/16/2009 15506 Moorpark St Encino 75 $16,000,000 $213,333 Multi-family 12/2/2009 20707 Anza Ave Torrance 152 $28,100,000 $184,868 Multi-family 11/12/2009 5921 Whitsett Ave Valley Village 34 $4,250,000 $125,000 Multi-family 9/17/2009 1286 W Capitol Dr. San Pedro 220 $37,250,000 $169,318 Multi-family 9/15/2009 4616 Willis Ave Sherman Oaks 69 $16,500,000 $239,130 Multi-family 5/20/2009 2200 North Sepulveda Blvd Manhattan Beach N/A $5,850,000 N/A Office 5/8/2009 1403 W Lomita Blvd Harbor City N/A $4,050,000 N/A Office 4/7/2009 14151-14211 Sherman Way Van Nuys 70 $7,250,000 $103,571 Multi-family 12/2/2008 8504 Willis Ave Panorama City 33 $3,125,000 $94,697 Multi-family 10/15/2008 211 Yacht Club Way Redondo Beach 161 $49,000,000 $304,348 Multi-family 10/10/2008 210 18th St Huntington Beach 12 $4,000,000 $333,333 Multi-family 9/12/2008 1522 N Dixon St Glendale 14 $2,140,000 $152,857 Multi-family 8/29/2008 5500-5506 Bonner Ave North Hollywood 32 $7,875,000 $246,094 Multi-family 8/5/2008 2102 E 51st St Tulsa 384 $12,500,000 $32,552 Multi-family 7/11/2008 7324 S Wheeling Ave Tulsa 440 $15,000,000 $34,091 Multi-family 7/11/2008 4414 S Garnett Ave Tulsa 512 $18,100,000 $35,352 Multi-family 7/11/2008 4404 S 109 E Ave Tulsa 216 $7,350,000 $34,028 Multi-family 7/11/2008 10902-10946 Grand Ave Temple City N/A $6,180,000 N/A Retail 6/26/2008 5/1/2008 3939 Maxson Rd El Monte 45 $6,850,000 $152,222 Multi-family 5444 Newcastle Ave Encino 58 $12,331,440 $212,611 Multi-family 3/31/2008 5424 Newcastle Ave Encino 68 $11,429,550 $168,082 Multi-family 3/31/2008 18041 Devonshire St Northridge 43 $5,867,730 $136,459 Multi-family 3/31/2008 10338-10342 Lindley Ave Porter Ranch 84 $11,654,280 $138,741 Multi-family 3/31/2008 5437 Newcastle Ave Encino 51 $11,682,000 $229,059 Multi-Family 3/31/2008 85 River Park Dr Midway 52 $4,000,000 $76,923 Multi-family 3/20/2008 2887 N Towne Ave Pomona N/A $4,560,000 N/A Industrial 3/11/2008 700 E Harrison St Pomona N/A $3,040,000 N/A Industrial 3/11/2008 14604 Gault St Van Nuys 16 $2,925,000 $182,813 Multi-family 2/29/2008 P R O V E N R E S U LT S |45| | 4 6 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE 1418 E Wilson Ave Glendale 11 $1,275,000 $115,909 Multi-family COE 2/29/2008 719 E Chevy Chase Dr Glendale 20 $3,410,000 $170,500 Multi-family 2/29/2008 633 Glen Oaks Blvd Glendale 6 $950,000 $158,333 Multi-family 2/22/2008 625-627 Glen Oaks Blvd Glendale 4 $1,000,000 $250,000 Multi-family 2/22/2008 1247 Viola Ave Glendale 16 $2,300,000 $143,750 Multi-family 2/21/2008 312-314 Lincoln Ave Glendale 15 $1,800,000 $120,000 Multi-family 2/21/2008 1525 Dixon St Glendale 9 $875,000 $97,222 Multi-family 2/20/2008 212 W Elk Ave Glendale 9 $1,000,000 $111,111 Multi-family 2/8/2008 1307 E Windsor Rd Glendale 8 $900,000 $112,500 Multi-family 2/8/2008 4315 W 182nd St Torrance 130 $25,100,000 $193,077 Multi-family 1/31/2008 17802-17842 Irvine Blvd Tustin N/A $7,030,000 N/A Office 1/25/2008 2601 E Valley Blvd West Covina 76 $12,450,000 $163,816 Multi-family 1/24/2008 1851 Buyers St Simi Valley 84 $10,525,000 $125,298 Multi-family 1/10/2008 12300 Sherman Way North Hollywood 236 $19,700,000 $83,475 Multi-family 12/31/2007 1810 N Cherokee Ave Los Angeles 29 $3,820,000 $131,724 Multi-family 12/18/2007 7230 Franklin Ave Los Angeles 80 $24,000,000 $300,000 Multi-family 11/13/2007 10990 Del Norte St Ventura 27 $3,525,000 $130,556 Multi-family 11/1/2007 1950 C St Oxnard N/A $13,000,000 N/A Retail 10/18/2007 333 E Enos Dr Santa Maria 208 $30,250,000 $145,433 Multi-family 8/30/2007 720 Las Flores Rd Livermore N/A $8,325,000 Hospitality 8/24/2007 2200 Sepulveda Blvd Manhattan Beach N/A $4,300,000 N/A Office 8/10/2007 1140 Elm Ave Glendale 26 $5,775,000 $222,115 Multi-family 7/31/2007 330 & 350 N Bayshore Blvd San Mateo N/A $17,000,000 N/A Retail 7/30/2007 5200 S J St Oxnard 85 $12,900,000 $151,765 Multi-family 7/20/2007 4540 Hazeltine Ave Sherman Oaks 23 $4,300,000 $186,957 Multi-family 7/17/2007 269 S La Fayette Park Pl Los Angeles 268 $40,100,000 $149,627 Multi-family 7/10/2007 #VALUE 5501 Newcastle Ave Encino 71 $10,900,000 $153,521 Multi-family 7/1/2007 4320 Van Nuys Blvd Sherman Oaks 46 $8,800,000 $191,304 Multi-family 6/23/2007 519 S Gramercy Pl Los Angeles 40 $6,300,000 $157,500 Multi-family 6/15/2007 14823 Gilmore St Van Nuys 28 $2,800,000 $100,000 Multi-family 5/1/2007 14249 Sherman Way Van Nuys 26 $2,950,000 $113,462 Multi-family 4/30/2007 2400-2444 Alvarado St Oxnard 168 $29,000,000 $172,619 Multi-family 4/27/2007 20437 Cohasset St Canoga Park 20 $2,000,000 $100,000 Multi-family 4/20/2007 14121-14155 Ventura Blvd Sherman Oaks N/A $17,800,000 N/A Land 4/19/2007 13927 - 13939 Oxnard St Van Nuys 31 $3,250,000 $104,839 Multi-family 4/18/2007 14921 S Stanford Ave Compton 108 $10,000,000 $92,593 Multi-family 4/2/2007 4250 Coldwater Canyon Ave Studio City 43 $7,200,000 $167,442 Multi-family 3/30/2007 P R O V E N R E S U LT S | 47| | 4 8 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE TYPE COE 655 San Francisco Ave Pomona 27 $2,450,000 PRICE/UNIT $90,741 Multi-family 3/7/2007 803 Java Ave Inglewood 19 $1,575,000 $82,895 Multi-family 1/31/2007 2424 Wilshire Blvd Los Angeles 170 $17,150,000 $100,882 Multi-family 1/12/2007 1750 Wilcox Ave Los Angeles 102 $20,500,000 $200,980 Multi-family 1/5/2007 433 S Westmoreland Ave Los Angeles 64 $11,855,000 $185,234 Multi-family 12/28/2006 1827 Atlanta Ave Riverside N/A $4,500,000 N/A Land 12/28/2006 346 S Steckel Dr Santa Paula 16 $1,830,000 $114,375 Multi-family 12/19/2006 14355 Huston St Sherman Oaks 74 $9,750,000 $131,757 Multi-family 12/5/2006 4420-4440 Sepulveda Blvd Sherman Oaks 105 $28,925,000 $275,476 Multi-family 11/27/2006 11473 Riverside Dr North Hollywood 51 $8,750,000 $171,569 Multi-family 10/27/2006 420 2nd St Hermosa Beach 168 $64,600,000 $384,524 Multi-family 10/19/2006 24377 Newhall Ave Newhall 66 $6,250,000 $94,697 Multi-family 9/27/2006 1460 3rd St La Verne 96 $14,750,000 $153,646 Multi-family 9/5/2006 680 Evergreen Ln Port Hueneme 41 $5,200,000 $126,829 Multi-family 8/28/2006 5919 Reseda Blvd Tarzana 50 $4,900,000 $98,000 Multi-family 8/17/2006 13707 Doty Ave Hawthorne 81 $7,250,000 $89,506 Multi-family 7/27/2006 24857 Walnut St Newhall 17 $2,400,000 $141,176 Multi-family 7/13/2006 444 N Amelia Ave San Dimas 288 $46,550,000 $161,632 Multi-family 7/13/2006 415 Herondo St Hermosa Beach 286 $68,500,000 $239,510 Multi-family 6/21/2006 18520 Vincennes St Northridge 62 $5,950,000 $95,968 Multi-family 6/16/2006 8762 Etiwanda Ave Northridge 29 $2,800,000 $96,552 Multi-family 6/16/2006 4474-4500 Woodman Ave Sherman Oaks 392 $82,400,000 $210,204 Multi-family 4/28/2006 6774 Katherine Ave Van Nuys 12 $1,075,000 $89,583 Multi-family 4/25/2006 10937 Fruitland Dr Studio City 44 $5,575,000 $126,705 Multi-family 4/25/2006 7350 Lankershim Blvd North Hollywood 144 $15,000,000 $104,167 Multi-family 3/17/2006 8828 Memory Park Ave North Hills 26 $2,875,000 $110,577 Multi-family 3/7/2006 1514 S Sherbourne Dr Los Angeles 8 $1,465,000 $183,125 Multi-family 1/27/2006 3017 Telegraph Ave Berkeley N/A $3,800,000 N/A Office 1/13/2006 6902 Vesper Ave Van Nuys 17 $1,600,000 $94,118 Multi-family 1/12/2006 24938-24932 Walnut St Newhall 48 $6,050,000 $126,042 Multi-family 1/3/2006 4702 Fulton Ave Sherman Oaks 26 $7,460,000 $286,923 Multi-family 12/23/2005 150 Hegenberger Rd Oakland N/A $11,500,000 N/A Hospitality 12/23/2005 3450 Maricopa St Torrance 97 $16,150,000 $166,495 Multi-family 12/16/2005 3471 Maricopa St Torrance 53 $8,850,000 $166,981 Multi-family 12/16/2005 1481 W 7th St Upland 130 $15,200,000 $116,923 Multi-family 12/14/2005 249 E Vernon Ave Los Angeles 26 $1,630,000 $62,692 Multi-family 12/9/2005 20035 Redwing St Woodland Hills 31 $2,565,000 $82,742 Multi-family 12/9/2005 P R O V E N R E S U LT S |49| | 5 0 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE COE 7525 Sepulveda Blvd Van Nuys 59 $5,600,000 $94,915 Multi-family 11/30/2005 4528-4536 Colbath Ave Sherman Oaks 22 $6,900,000 $313,636 Multi-family 11/29/2005 6833 Sepulveda Blvd Van Nuys 57 $5,227,500 $91,711 Multi-family 11/1/2005 682 S Catalina St Los Angeles 90 $23,000,000 $255,556 Multi-family 10/31/2005 323-333 S Catalina St Los Angeles 128 $26,600,000 $207,813 Multi-family 10/12/2005 232 N Ave 53 Los Angeles 16 $1,170,000 $73,125 Multi-family 10/3/2005 4500 Woodman Ave Sherman Oaks 372 $74,100,000 $199,194 Multi-family 9/26/2005 203-235 N Conejo School Rd Thousand Oaks 148 $38,250,000 $258,446 Multi-family 9/26/2005 8762 Langdon Ave North Hills 46 $4,600,000 $100,000 Multi-family 9/9/2005 7627 Laurel Canyon Blvd North Hollywood 40 $4,150,000 $103,750 Multi-family 9/8/2005 1152 N Avalon Blvd Wilmington 18 $1,500,000 $83,333 Multi-family 8/31/2005 14604 Gault St Van Nuys 16 $2,695,000 $168,438 Multi-family 8/25/2005 8/3/2005 18540 Plummer St Northridge 114 $15,160,000 $132,982 Multi-family 2621 Pasadena Ave Los Angeles 45 $5,325,000 $118,333 Multi-family 8/1/2005 7755 Laurel Canyon Blvd Los Angeles 25 $2,750,000 $110,000 Multi-family 7/22/2005 700-722 S Los Angeles St Los Angeles 165 $44,750,000 $271,212 Multi-family 7/18/2005 269 S La Fayette Park Pl Los Angeles 268 $18,100,000 $67,537 Multi-family 7/13/2005 1201-1299 University Ave Riverside N/A $37,750,000 N/A Retail 6/30/2005 816 Beacon Ave Los Angeles 16 $1,630,000 $101,875 Multi-family 6/22/2005 6/10/2005 5200 S J St Oxnard 85 $11,800,000 $138,824 Multi-family 510 Central Ave Fillmore 20 $2,350,000 $117,500 Multi-family 6/1/2005 10825 Blix St North Hollywood 20 $4,050,000 $202,500 Multi-family 5/25/2005 5/25/2005 38705 20th St E Palmdale 77 $6,200,000 $80,519 Multi-family 3966 Grand View Blvd Los Angeles N/A $2,725,000 N/A Land 5/25/2005 4259 Dixie Canyon Ave Sherman Oaks 6 $1,875,000 $312,500 Multi-family 5/13/2005 5/13/2005 6767 W Sunset Blvd Los Angeles N/A $7,400,000 N/A Retail 669 S Union Ave Los Angeles 105 $5,950,000 $56,667 Multi-family 4/29/2005 2830 Highway 6 S Houston N/A $2,200,000 N/A Retail 4/20/2005 130 W Route 66 Glendora N/A $6,400,000 N/A Office 4/4/2005 738 S New Hampshire Ave Los Angeles 50 $2,710,000 $54,200 Multi-family 3/30/2005 18415 Dearborn St Northridge 37 $4,500,000 $121,622 Multi-family 3/18/2005 711 Forrest St Conshohocken 72 $7,200,000 $100,000 Multi-family 3/11/2005 433 S Westmoreland Ave Los Angeles 64 $8,992,132 $140,502 Multi-family 3/1/2005 3800 Wilshire Blvd Los Angeles 108 $57,500,000 $532,407 Multi-family 2/11/2005 687 Shatto Pl Los Angeles 56 $2,900,000 $51,786 Multi-family 1/26/2005 13219 Barbara Ann St North Hollywood 13 $1,145,000 $88,077 Multi-family 1/21/2005 300 S Park Ave Pomona N/A $9,675,000 N/A Industrial 1/21/2005 P R O V E N R E S U LT S |51| | 5 2 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE 3927 Sierra Hwy Acton 45 $4,125,000 6740 Corbin Ave Reseda N/A $1,800,000 922 N Vine St Ontario 32 $3,670,000 14604 Gault St Van Nuys 16 $2,075,000 9010 Tobias Ave Panorama City 201 9010 Tobias Ave Panorama City 201 2619 Wilshire Blvd Los Angeles 2202-2208 Michigan Ave 5919 Reseda Blvd PRICE/UNIT TYPE COE Multi-family 1/20/2005 N/A Retail 12/30/2004 $114,688 Multi-family 12/30/2004 $129,688 Multi-family 12/29/2004 $19,200,000 $95,522 Multi-family 12/29/2004 $19,200,000 $95,522 Multi-family 12/29/2004 196 $21,900,000 $111,735 Multi-family 12/28/2004 Los Angeles 28 $2,300,000 $82,143 Multi-family 12/28/2004 Tarzana 50 $4,400,000 $88,000 Multi-family 12/21/2004 2807 St George St Los Angeles 16 $2,200,000 $137,500 Multi-family 12/15/2004 501 S New Hampshire Ave Los Angeles 259 $38,500,000 $148,649 Multi-family 12/10/2004 5014 Whitsett Ave Valley Village 6 $1,700,000 $283,333 Multi-family 12/9/2004 6818 Variel Ave Canoga Park N/A $650,000 N/A Land 12/8/2004 180 W Ripley St Camarillo 44 $6,350,000 $144,318 Multi-family 12/1/2004 15524 Sherman Way Van Nuys 29 $2,350,000 $81,034 Multi-family 12/1/2004 5254 Atlantic Ave Long Beach 32 $2,750,000 $85,938 Multi-family 12/1/2004 6820 Laurel Canyon Blvd North Hollywood 23 $1,450,000 $63,043 Multi-family 11/30/2004 15004 Nordhoff St North Hills 15 $2,125,000 $141,667 Multi-family 11/16/2004 $91,667 13701 Hawthorne Blvd Hawthorne N/A $1,525,000 N/A Retail 10/29/2004 2320 Ocean View Ave Los Angeles 21 $1,125,000 $53,571 Multi-family 10/18/2004 2601 E Valley Blvd West Covina 76 $9,350,000 $123,026 Multi-family 10/15/2004 1889 Alpha Rd Glendale 22 $3,800,000 $172,727 Multi-family 10/14/2004 1900 W Garvey Ave S West Covina N/A $7,200,000 N/A Office 10/1/2004 1301 Edgewood Way Oxnard 15 $1,700,000 $113,333 Multi-family 9/20/2004 6410 W Johns Crossings Duluth N/A $5,384,615 N/A Retail 9/7/2004 11640 Woodbridge St Studio City 31 $8,900,000 $287,097 Multi-family 9/1/2004 7530 Roswell Rd Atlanta N/A $5,140,741 N/A Retail 9/1/2004 8545 Balboa Blvd Northridge 100 $10,500,000 $105,000 Multi-family 8/27/2004 3225 Lacy St Los Angeles N/A $4,800,000 N/A Industrial 8/26/2004 1744-1808 Foothill Blvd South Pasadena 52 $9,750,000 $187,500 Multi-family 8/20/2004 1256 W 7th St Los Angeles N/A $15,480,000 N/A Hospitality 8/19/2004 12711 Branford St Pacoima 100 $11,600,000 $116,000 Multi-family 7/28/2004 1115 Acama St Studio City 28 $2,850,000 $101,786 Multi-family 7/23/2004 740 S Azusa Ave West Covina N/A $1,000,000 N/A Land 7/22/2004 5530 Bonner St North Hollywood 8 $585,000 $73,125 Multi-family 7/21/2004 7525 Sepulveda Blvd Van Nuys 59 $4,200,000 $71,186 Multi-family 7/13/2004 4616 Willis Ave Sherman Oaks 70 $18,170,000 $259,571 Multi-family 7/9/2004 P R O V E N R E S U LT S |53| | 5 4 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE COE 5200-5270 Premiere Hills Ave Woodland Hills 80 $29,373,300 $367,166 Multi-family 7/9/2004 467 S Arnaz Dr Los Angeles 98 $21,121,650 $215,527 Multi-family 7/9/2004 8765 Burton Way Los Angeles N/A $4,100,000 N/A Land 7/1/2004 6670 Obisbo Ave Long Beach 46 $3,250,000 $70,652 Multi-family 6/30/2004 1500 S 2nd St Alhambra 14 $1,860,000 $132,857 Multi-family 6/25/2004 421 McDonald Ave Wilmington 9 $900,000 $100,000 Multi-family 6/16/2004 NEC Dry Creek Rd Centennial N/A $5,610,577 N/A Land 6/15/2004 3936-3940 Kentucky Dr Los Angeles 6 $800,000 $133,333 Multi-family 6/4/2004 1501-1521 W Cameron Ave West Covina N/A $14,400,000 N/A Office 6/4/2004 5/21/2004 5505 Bonner Ave North Hollywood 12 $768,000 $64,000 Multi-family 5826 Carlton Way Los Angeles 36 $2,350,000 $65,278 Multi-family 5/19/2004 2302 E 6th St Los Angeles 12 $750,000 $62,500 Multi-family 5/19/2004 1525 Cassil Pl Los Angeles 20 $1,250,000 $62,500 Multi-family 5/19/2004 38705 20th St E Palmdale 77 $3,925,000 $50,974 Multi-family 5/19/2004 1551 Echo Park Blvd Los Angeles 53 $4,150,000 $78,302 Multi-family 5/19/2004 11661 Erwin St North Hollywood 18 $1,465,000 $81,389 Multi-family 4/29/2004 68327 Highway 111 Cathedral City N/A $4,650,000 N/A Retail 4/27/2004 21106 Parthenia St Canoga Park 31 $2,900,000 $93,548 Multi-family 4/21/2004 11912 Sproul St Norwalk 8 $2,375,000 $296,875 Multi-family 4/21/2004 5139 Melrose Ave Los Angeles 22 $1,230,000 $55,909 Multi-family 3/30/2004 13535 Moorpark St Sherman Oaks 20 $2,895,000 $144,750 Multi-family 3/23/2004 18541 Vincennes St Northridge 50 $5,500,000 $110,000 Multi-family 3/23/2004 10631 Lindley Ave Porter Ranch 148 $17,052,000 $115,216 Multi-family 3/23/2004 2025 Argyle Ave Los Angeles 40 $2,600,000 $65,000 Multi-family 3/9/2004 4457 Willow Brook Ave Los Angeles 12 $835,000 $69,583 Multi-family 3/3/2004 8700 De Soto Ave Canoga Park 61 $6,825,000 $111,885 Multi-family 2/20/2004 5525 Carlton Way Los Angeles 24 $2,100,000 $87,500 Multi-family 2/18/2004 11443 Emelita St North Hollywood 7 $430,000 $61,429 Multi-family 2/12/2004 225 N Ave 53 Los Angeles 20 $1,825,000 $91,250 Multi-family 2/3/2004 1148 N Chicago St Los Angeles 14 $1,450,000 $103,571 Multi-family 1/27/2004 66 Hurlbut St Pasadena N/A $5,090,000 N/A Office 1/26/2004 8844 Tobias Ave Panorama City 20 $1,306,000 $65,300 Multi-family 1/22/2004 400 Palmyra Rd Los Angeles 30 $1,800,000 $60,000 Multi-family 1/9/2004 1354-1394 5th Ave Upland 80 $7,000,000 $87,500 Multi-family 12/26/2003 24724 Valley St Santa Clarita 80 $7,100,000 $88,750 Multi-family 12/19/2003 922 N Vine Ave Ontario 32 $2,650,000 $82,813 Multi-family 12/18/2003 5200 South J St Oxnard 85 $9,600,000 $112,941 Multi-family 12/2/2003 P R O V E N R E S U LT S |55| | 5 6 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE 440 W Gladstone St Glendora 208 $20,750,000 PRICE/UNIT $99,760 TYPE COE Multi-family 11/26/2003 9100 Duarte Rd San Gabriel 86 $8,750,000 $101,744 Multi-family 11/26/2003 5412-5424 Sepulveda Blvd Sherman Oaks 87 $8,935,000 $102,701 Multi-family 11/25/2003 1889 Alpha Rd Glendale 22 $3,250,000 $147,727 Multi-family 11/18/2003 1331 Albany St Los Angeles 20 $755,000 $37,750 Multi-family 11/17/2003 5705 Willowcrest Ave North Hollywood 8 $725,000 $90,625 Multi-family 11/7/2003 11028 Landale St West Toluca Lake 26 $3,825,000 $147,115 Multi-family 11/7/2003 6534 Fountain Ave Hollywood 16 $1,200,000 $75,000 Multi-family 11/5/2003 652 Veteran Ave Westwood Village 23 $3,300,000 $143,478 Multi-family 10/30/2003 19055 Sherman Way Reseda 36 $3,435,000 $95,417 Multi-family 10/24/2003 2630 Dixie St Rosamond 72 $3,695,000 $51,319 Multi-family 10/17/2003 10/8/2003 NEC Woodruff Ave & Alondra Bellflower N/A $5,400,000 N/A Retail 9010 Tobias Ave Panorama City 201 $15,000,000 $74,627 Multi-family 9/19/2003 4024 W 147th St Lawndale 27 $2,265,000 $83,889 Multi-family 9/19/2003 119-121 N Avenue 51 Los Angeles 59 $5,725,000 $97,034 Multi-family 8/29/2003 12024 Moorpark St Studio City 12 $1,500,000 $125,000 Multi-family 8/19/2003 447 S Grandview Los Angeles 47 $2,000,000 $42,553 Multi-family 8/15/2003 425-427 S Grandview Los Angeles 98 $4,265,000 $43,520 Multi-family 8/15/2003 738 S New Hampshire Ave Los Angeles 50 $2,300,000 $46,000 Multi-family 8/15/2003 15455 Parthenia St North Hills 44 $2,980,000 $67,727 Multi-family 8/7/2003 510 S Alexanderia Ave Los Angeles 16 $995,000 $62,188 Multi-family 8/7/2003 219 N Avenue 51 Los Angeles 44 $4,275,000 $97,159 Multi-family 8/6/2003 7423 Lankershim Blvd North Hollywood 52 $3,830,000 $73,654 Multi-family 7/30/2003 421 McDonald Ave Wilmington 9 $625,000 $69,444 Multi-family 7/11/2003 634-636 N Kingsley Dr Los Angeles 16 $1,110,000 $69,375 Multi-family 7/11/2003 619 N Alexandria Los Angeles 10 $695,000 $69,500 Multi-family 7/11/2003 9017 Langdon Ave North Hills 24 $1,535,000 $63,958 Multi-family 6/30/2003 7230-7250 Ensign Ave Sun Valley 30 $1,915,000 $63,833 Multi-family 6/30/2003 424 N Avenue 56 Los Angeles 24 $1,525,000 $63,542 Multi-family 6/27/2003 144 S Avenue 55 Los Angeles 16 $1,045,000 $65,313 Multi-family 6/27/2003 8932 Columbus Ave North Hills 6 $350,000 $58,333 Multi-family 6/20/2003 5340 Bellingham Valley Village 10 $995,000 $99,500 Multi-family 6/6/2003 1111 Benito Ave Alhambra 24 $2,500,000 $104,167 Multi-family 6/5/2003 514 S Catalina St Los Angeles 44 $5,640,000 $128,182 Multi-family 6/4/2003 8240 Owensmouth Ave Canoga Park 23 $1,772,500 $77,065 Multi-family 6/3/2003 8938 Columbus Ave North Hills 6 $350,000 $58,333 Multi-family 5/30/2003 1527 Junipero Ave Long Beach 22 $1,130,000 $51,364 Multi-family 5/23/2003 P R O V E N R E S U LT S | 57| | 5 8 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE 8504 Willis Ave Panorama City 33 $2,275,000 $68,939 Multi-family COE 5/22/2003 17900 Hiawatha St Northridge 45 $9,000,000 $200,000 Multi-family 5/21/2003 10248 Tujunga Canyon Blvd Tujunga 25 $1,850,000 $74,000 Multi-family 5/16/2003 21045 Vanowen St Woodland Hills 42 $4,325,000 $102,976 Multi-family 4/30/2003 4/30/2003 6819 Hinds Ave North Hollywood 29 $1,700,000 $58,621 Multi-family 200-210 1/2 N Avenue 58 Los Angeles 12 $895,000 $74,583 Multi-family 4/18/2003 6110-6114 Vineland Ave North Hollywood 18 $1,075,000 $59,722 Multi-family 4/17/2003 131 S Carondelet St Los Angeles 12 $715,000 $59,583 Multi-family 4/16/2003 11960 Old River School Rd Downey 14 $1,494,000 $106,714 Multi-family 4/1/2003 7325 Vineland Ave Sun Valley 12 $745,000 $62,083 Multi-family 3/26/2003 13629-13645 Runnymede St Van Nuys 32 $1,975,000 $61,719 Multi-family 3/19/2003 3/14/2003 2858 Leeward Ave Los Angeles 30 $1,000,000 $33,333 Multi-family 1168 Bellevue Ave Los Angeles 86 $3,050,000 $35,465 Multi-family 2/19/2003 27273-27325 Camp Plenty Rd Canyon Country 101 $8,300,000 $82,178 Multi-family 1/31/2003 1628 W 12th St Los Angeles 30 $815,000 $27,167 Multi-family 1/30/2003 14921 S Stanford Ave Compton 108 $6,900,000 $63,889 Multi-family 1/30/2003 1100 N Banning Blvd Wilmington 90 $4,700,000 $52,222 Multi-family 1/30/2003 16137 Cornuta Ave Bellflower 17 $1,225,000 $72,059 Multi-family 12/31/2002 15425 Sherman Way Van Nuys 161 $14,350,000 $89,130 Multi-family 12/30/2002 4532 Murietta Ave Sherman Oaks 33 $6,250,000 $189,394 Multi-family 12/27/2002 6000 Fulton Ave Van Nuys 24 $1,830,000 $76,250 Multi-family 12/19/2002 12/18/2002 1481 W 7th St Upland 130 $9,165,000 $70,500 Multi-family 11509-11518 Obert Ave Whittier 16 $1,995,000 $124,688 Multi-family 12/18/2002 8700 De Soto Ave Canoga Park 61 $5,117,000 $83,885 Multi-family 12/10/2002 8836 Tobias Ave Panorama City 10 $665,000 $66,500 Multi-family 12/2/2002 8636 Willis Ave Panorama City 32 $2,130,000 $66,563 Multi-family 12/2/2002 3939-3940 Kentucky Dr Los Angeles 8 $600,000 $75,000 Multi-family 11/27/2002 1104-1108 North Monterey St Alhambra 20 $2,100,000 $105,000 Multi-family 11/21/2002 4341-4343 Mammoth Ave Sherman Oaks 14 $2,050,000 $146,429 Multi-family 11/20/2002 933-937 Marview Ave Los Angeles 6 $270,000 $45,000 Multi-family 11/20/2002 10/30/2002 18414 Collins St Tarzana 41 $3,100,000 $75,610 Multi-family 8110 Sepulveda Pl Panorama City 38 $2,150,000 $56,579 Multi-family 10/29/2002 1067-1073 E 4th St Long Beach 42 $2,800,000 $66,667 Multi-family 10/2/2002 13141 Riverside Dr Sherman Oaks 45 $8,000,000 $177,778 Multi-family 9/30/2002 12929 Moorpark St Studio City 8 $1,685,000 $210,625 Multi-family 9/20/2002 4259 Dixie Canyon Ave Sherman Oaks 6 $1,550,000 $258,333 Multi-family 9/19/2002 18540 Collins St Tarzana 52 $4,000,000 $76,923 Multi-family 9/17/2002 P R O V E N R E S U LT S |59| | 6 0 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE 18415 Dearborn St Northridge 37 $3,300,000 $89,189 Multi-family COE 8/30/2002 1148 El Paseo St Fillmroe 16 $1,300,000 $81,250 Multi-family 8/20/2002 360 S Garfield Ave Monterey Park 28 $2,500,000 $89,286 Multi-family 7/31/2002 3351 Drew St Los Angeles 31 $1,935,000 $62,419 Multi-family 7/31/2002 346 W Doran St Glendale 9 $1,300,000 $144,444 Multi-family 7/29/2002 7/26/2002 10743 Weaver Ave South El Monte 18 $1,100,000 $61,111 Multi-family 5723 Huntington Dr N Los Angeles 16 $735,000 $45,938 Multi-family 6/28/2002 816 S Park View St Los Angeles 30 $760,000 $25,333 Multi-family 6/28/2002 1500 S 2nd St Alhambra 14 $1,150,000 $82,143 Multi-family 5/31/2002 11042 Camarillo St North Hollywood 9 $1,110,000 $123,333 Multi-family 5/27/2002 939 Valencia St Los Angeles 16 $425,000 $26,563 Multi-family 5/24/2002 4432 Ensign Ave North Hollywood 10 $1,275,000 $127,500 Multi-family 5/1/2002 12569 Van Nuys Blvd Pacoima 62 $4,375,000 $70,565 Multi-family 4/25/2002 4711 N Penn Mar Ave El Monte 22 $1,415,700 $64,350 Multi-family 4/11/2002 6711 Haskell Ave Van Nuys 15 $740,000 $49,333 Multi-family 3/29/2002 7117 Rosemead Blvd San Gabriel 53 $4,020,000 $75,849 Multi-family 3/21/2002 390 N Garfield Ave Pasadena 13 $675,000 $51,923 Multi-family 2/28/2002 7350 Kester Ave Van Nuys 56 $3,900,000 $69,643 Multi-family 2/22/2002 255 N Union Ave Los Angeles 20 $760,000 $38,000 Multi-family 2/1/2002 7260 De Soto Ave Canoga Park 41 $2,150,000 $52,439 Multi-family 1/25/2002 127-33 S Park View St Los Angeles 28 $1,080,000 $38,571 Multi-family 1/2/2002 14355 Huston St Sherman Oaks 74 $5,400,000 $72,973 Multi-family 12/27/2001 1111 Benito Ave Alhambra 24 $1,850,000 $77,083 Multi-family 11/30/2001 8801-8891 Central Ave Montclair N/A $7,400,000 N/A Retail 11/15/2001 328 Myrtle St Glendale 6 $800,000 $133,333 Multi-family 10/10/2001 14415 Vose St Van Nuys 25 $1,750,000 $70,000 Multi-family 9/28/2001 1221 S Atlantic Blvd Alhambra 36 $2,300,000 $63,889 Multi-family 8/18/2001 15425 Sherman Way Van Nuys 161 $10,300,000 $63,975 Multi-family 8/8/2001 15127-37 Dickens St Sherman Oaks 35 $4,350,000 $124,286 Multi-family 8/8/2001 11590 Moorpark St North Hollywood 14 $1,915,000 $136,786 Multi-family 8/3/2001 5021-5027 Klump Ave North Hollywood 8 $450,000 $56,250 Multi-family 7/20/2001 303 W Glenoaks Blvd Glendale 64 $5,250,000 $82,031 Multi-family 7/5/2001 1230-1242 W Cameron Ave West Covina 120 $8,350,000 $69,583 Multi-family 6/29/2001 6/29/2001 5412-5424 Sepulveda Blvd Sherman Oaks 86 $6,000,000 $69,767 Multi-family 109 S Almansor Ave Alhambra 74 $6,800,000 $91,892 Multi-family 6/29/2001 6023 Whitsett Ave North Hollywood 15 $945,000 $63,000 Multi-family 6/22/2001 8550 Willis Ave Panorama City 31 $1,310,000 $42,258 Multi-family 5/31/2001 P R O V E N R E S U LT S | 61| | 6 2 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE COE 18536 Burbank Blvd Tarzana 28 $2,100,000 $75,000 Multi-family 5/31/2001 8315 Willis Ave Panorama City 38 $1,750,000 $46,053 Multi-family 5/25/2001 4702 Fulton Ave Sherman Oaks 26 $3,810,000 $146,538 Multi-family 4/11/2001 4/6/2001 303 S Almansor St Alhambra 34 $1,915,000 $56,324 Multi-family 79th & Harlem Ct Bridgview N/A $700,000 N/A Land 3/30/2001 6706 Cleon Ave North Hollywood 33 $1,215,000 $36,818 Multi-family 3/30/2001 3/28/2001 504 N 3rd St Alhambra 14 $1,150,000 $82,143 Multi-family Sec President St & Parker Ave Passaic N/A $4,290,000 N/A Retail 3/23/2001 2810 Reservoir St Silver Lake 42 $2,100,000 $50,000 Multi-family 1/26/2001 9017 Arcadia Ave San Gabriel 20 $1,105,000 $55,250 Multi-family 1/25/2001 9933 Woodman Ave Mission Hills 91 $6,275,000 $68,956 Multi-family 12/31/2000 1851 Buyers St Simi Valley 84 $5,125,000 $61,012 Multi-family 11/30/2000 13205 Riverside Dr Sherman Oaks 17 $2,000,000 $117,647 Multi-family 11/7/2000 13141 Riverside Dr Sherman Oaks 45 $3,250,000 $72,222 Multi-family 11/7/2010 1104-08 N Monterey St Alhambra 20 $1,325,000 $66,250 Multi-family 10/24/2000 8619 Willis Ave Panorama City 20 $940,000 $47,000 Multi-family 10/17/2000 3916-3920 Kentucky Dr Studio City 12 $625,000 $52,083 Multi-family 10/17/2000 18325 Saticoy St Reseda 52 $4,400,000 $84,615 Multi-family 9/14/2000 4212-4220 Arch Dr North Hollywood 19 $1,760,000 $92,632 Multi-family 9/13/2000 1140 Elm Ave Glendale 26 $2,500,000 $96,154 Multi-family 8/31/2000 14841 Roscoe Blvd Panorama City 51 $1,950,000 $38,235 Multi-family 8/11/2000 3921 Route 42 South Turnersville N/A $3,138,000 N/A Retail 8/7/2000 444-446 Smithwood Dr Beverly Hills 2 $975,000 $487,500 Multi-family 7/28/2000 24934 Walnut St Santa Clarita 32 $2,000,000 $62,500 Multi-family 7/28/2000 2400 Alvarado St Oxnard 168 $12,250,000 $72,917 Multi-family 7/18/2000 703 S 2nd St Alhambra 6 $520,000 $86,667 Multi-family 7/17/2000 8140 Langdon Ave Van Nuys 36 $1,500,000 $41,667 Multi-family 7/13/2000 3926-3930 Kentucky Dr Los Angeles 8 $705,000 $88,125 Multi-family 7/7/2000 15252 Nordhoff St North Hills 16 $640,000 $40,000 Multi-family 6/30/2000 13855 Burbank St Van Nuys 16 $1,465,000 $91,563 Multi-family 6/29/2000 4546 Hazeltine Ave Sherman Oaks 10 $960,000 $96,000 Multi-family 6/7/2000 2319 Ocean View Ave Los Angeles 25 $845,000 $33,800 Multi-family 6/6/2000 12550 Burbank Blvd Valley Village 14 $695,000 $49,643 Multi-family 5/19/2000 1750-1762 Foothill St South Pasadena 52 $5,625,000 $108,173 Multi-family 4/28/2000 8363 Willis Ave Panorama City 41 $1,805,000 $44,024 Multi-family 4/14/2000 8050 Forest Ln Dallas N/A $5,064,350 N/A Retail 4/13/2000 P R O V E N R E S U LT S |63| | 6 4 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE PRICE/UNIT TYPE 7507 Sepulveda Blvd Van Nuys 31 $1,100,000 $35,484 Multi-family COE 4/7/2000 11214 Huston St North Hollywood 7 $640,000 $91,429 Multi-family 3/31/2000 3/28/2000 14902 Gilmore St Van Nuys 7 $209,500 $29,929 Multi-family 360 S Garfield Ave Monterey Park 29 $1,685,000 $58,103 Multi-family 2/16/2000 24840 Pico Canyon Rd Valencia N/A $4,780,000 N/A Retail 12/30/1999 8700 De Soto Ave Canoga Park 61 $3,600,000 $59,016 Multi-family 12/29/1999 5732-5740 Sepulveda Blvd Van Nuys 24 $2,870,000 $119,583 Multi-family 12/23/1999 4956-60 Kester Ave Sherman Oaks 16 $725,000 $45,313 Multi-family 12/16/1999 6955 Kester Avenue Van Nuys 32 $1,465,000 $45,781 Multi-family 12/15/1999 13266 Foothill Blvd Sylmar 28 $1,250,000 $44,643 Multi-family 12/1/1999 1316-36 W Ave J-3 Lancaster 48 $1,234,400 $25,717 Multi-family 11/3/1999 23123-29 Ventura Blvd Woodland Hills N/A $1,690,000 N/A Office 10/5/1999 1889 Alpha Rd Glendale 22 $2,100,000 $95,455 Multi-family 8/31/1999 13610 Moorpark St Sherman Oaks 16 $1,450,000 $90,625 Multi-family 7/30/1999 14322 Valerio St Van Nuys 43 $2,430,000 $56,512 Multi-family 7/30/1999 4702 Fulton Ave Sherman Oaks 26 $2,600,000 $100,000 Multi-family 7/28/1999 109 S Almansor Ave Alhambra 74 $4,761,071 $64,339 Multi-family 7/23/1999 4454 Vista Del Monte Ave Sherman Oaks 16 $1,485,000 $92,813 Multi-family 7/9/1999 5919 Reseda Blvd Tarzana 50 $1,950,000 $39,000 Multi-family 6/30/1999 23635-23645 San Fernando Rd Newhall 158 $12,500,000 $79,114 Multi-family 5/27/1999 13036 Riverside Dr Sherman Oaks 9 $810,000 $90,000 Multi-family 5/13/1999 8404 Willis Ave Panorama City 52 $1,749,500 $33,644 Multi-family 4/30/1999 7640 Oso Ave Winnetka 39 $2,225,000 $57,051 Multi-family 4/29/1999 4912 Kester Ave Sherman Oaks 16 $1,800,000 $112,500 Multi-family 4/1/1999 3127 Foothill Blvd La Crescenta 32 $2,725,000 $85,156 Multi-family 3/23/1999 21012-26 Victory Blvd Woodland Hills N/A $1,375,000 N/A Office 3/17/1999 7100 Fulton Ave North Hollywood 41 $1,425,000 $34,756 Multi-family 3/16/1999 11940 Chandler Blvd Valley Village 11 $520,000 $47,273 Multi-family 3/16/1999 7256 Milwood Ave Canoga Park 7 $242,000 $34,571 Multi-family 2/17/1999 14175 Foothill Blvd Sylmar 60 $3,050,000 $50,833 Multi-family 12/23/1998 6455 Reseda Blvd Reseda 57 $2,325,000 $40,789 Multi-family 12/11/1998 4365 Mammoth Ave Sherman Oaks 24 $2,300,000 $95,833 Multi-family 12/1/1998 17821 Halsted St Northridge 44 $1,870,000 $42,500 Multi-family 10/9/1998 11028 Landale St Toluca Lake 26 $1,875,000 $72,115 Multi-family 9/30/1998 15323 Vanowen St Van Nuys 33 $750,000 $22,727 Multi-family 9/3/1998 6937-6939 Hazeltine Ave Van Nuys 17 $573,500 $33,735 Multi-family 8/7/1998 1521 E Windsor Rd Glendale 22 $1,200,000 $54,545 Multi-family 8/4/1998 P R O V E N R E S U LT S |65| | 6 6 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE 18618 Clark St Tarzana 25 $1,200,000 PRICE/UNIT $48,000 TYPE COE Multi-family 7/28/1998 12618 Oxnard St North Hollywood 10 $420,000 $42,000 Multi-family 5/29/1998 11483-87 Sherman Way North Hollywood 12 $365,000 $30,417 Multi-family 4/2/1998 3/18/1998 24724 Valley St Newhall 80 $4,800,000 $60,000 Multi-family 13847 Burbank Blvd Van Nuys 4 $289,000 $72,250 Multi-family 3/12/1998 4444 Vista Del Monte Ave Sherman Oaks 5 $325,000 $65,000 Multi-family 2/4/1998 Church & Tower Marietta N/A $3,177,247 N/A Retail 1/27/1998 Orange Grove & Hancock Bridge Fort Meyers N/A $5,190,000 N/A Retail 1/27/1998 15810 Vanowen St Van Nuys 57 $505,000 $8,860 Multi-family 1/20/1998 449 Moorpark Rd Thousand Oaks N/A $1,300,000 N/A Retail 12/31/1997 5030 Whitsett Ave North Hollywood 10 $500,000 $50,000 Multi-family 12/31/1997 12112 S Vermont Ave Los Angeles 13 $290,000 $22,308 Multi-family 12/26/1997 6820 Ben Ave North Hollywood 8 $262,500 $32,813 Multi-family 12/19/1997 725 S Victoria Ave Ventura N/A $1,175,000 N/A Land 12/19/1997 4922 S Slauson Ave Culver City 10 $425,000 $42,500 Multi-family 11/26/1997 19236-48 Parthenia St Northridge 36 $925,000 $25,694 Multi-family 11/20/1997 14620 Dickens St Sherman Oaks 37 $2,595,000 $70,135 Multi-family 10/1/1997 17450 Burbank Blvd Encino 22 $1,680,000 $76,364 Multi-family 9/19/1997 521-525 Jessie St San Fernando N/A $150,000 N/A Industrial 9/3/1997 1040 Kelp Ln Oxnard 122 $7,520,000 $61,639 Multi-family 7/15/1997 5556 Elmer Ave North Hollywood 8 $225,000 $28,125 Multi-family 3/31/1997 13266 Foothill Blvd Sylmar 28 $870,000 $31,071 Multi-family 3/31/1997 14426 Addison St Sherman Oaks 21 $1,245,000 $59,286 Multi-family 3/28/1997 14360 Vose St Van Nuys 40 $1,067,500 $26,688 Multi-family 3/28/1997 14600 Saticoy St Van Nuys 113 $2,885,000 $25,531 Multi-family 3/26/1997 13351 Vanowen St Van Nuys 8 $150,000 $18,750 Multi-family 3/14/1997 6650 Woodley Ave Van Nuys 35 $1,650,000 $47,143 Multi-family 1/29/1997 14856-14862 Dickens St Sherman Oaks 13 $887,500 $68,269 Multi-family 12/18/1996 6023 Whitsett Ave Van Nuys 16 $610,000 $38,125 Multi-family 11/14/1996 13927 - 13939 Oxnard St Van Nuys 31 $1,045,000 $33,710 Multi-family 10/25/1996 652 Veteran Ave Los Angeles 23 $1,550,000 $67,391 Multi-family 8/14/1996 10206 Samoa Ave Tujunga 12 $375,000 $31,250 Multi-family 8/12/1996 13939 Vanowen St Van Nuys 12 $300,000 $25,000 Multi-family 6/21/1996 4646-4648 Vista Del Monte Ave Sherman Oaks 4 $190,000 $47,500 Multi-family 5/29/1996 13219 Barbara Ann St North Hollywood 13 $282,500 $21,731 Multi-family 5/8/1996 18522 Clark St Perris 31 $930,000 $30,000 Multi-family 4/29/1996 7454 Canby Ave Reseda 9 $210,000 $23,333 Multi-family 3/29/1996 P R O V E N R E S U LT S | 67| | 6 8 | P R O V E N R E S U LT S THG CLOSED TRANSACTIONS (2010 - 1994) ADDRESS CITY UNITS SALES PRICE TYPE COE 4454 Vista Del Monte Ave Sherman Oaks 16 $1,225,000 PRICE/UNIT $76,563 Multi-family 2/29/1996 13910 Sherman Way Van Nuys 25 $700,000 $28,000 Multi-family 1/26/1996 6215-6221 Fulton Ave Van Nuys 16 $465,000 $29,063 Multi-family 12/29/1995 4840 W Ave L-8 Quartz Hill 34 $600,000 $17,647 Multi-family 12/22/1995 13915 Sherman Way Van Nuys 15 $720,000 $48,000 Multi-family 11/13/1995 14849 Gilmore St Van Nuys 8 $235,000 $29,375 Multi-family 10/20/1995 14857 Gilmore St Van Nuys 14 $420,000 $30,000 Multi-family 8/24/1995 679 Earlham St Pasadena 51 $450,512 $8,834 Multi-family 7/19/1995 17828 Saticoy St Reseda 8 $275,000 $34,375 Multi-family 6/28/1995 9121 Orion St North Hills 15 $348,000 $23,200 Multi-family 12/31/1994 9149 Wakefield Ave Panorama City 16 $450,000 $28,125 Multi-family 10/31/1994 21,336 $2,779,452,795 Total P R O V E N R E S U LT S |69| | 7 0 | P R O V E N R E S U LT S THG CASE STUDIES THE WATERFRONT 161-Unit Multi-Family Community 211 Yacht Club Way, Redondo Beach, CA Sales Price: $49,000,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: The Bascom Group and Rockpoint Group Allen Ginsburg, M.D. 161 1969 (Renovated 2006-2007) 125,050 $304,348 $391.84 5.41% 6.75% Fannie Mae $33,000,000 February 22, 2008 October 10, 2008 SELLER STRATEGY | BUSINESS PLAN The seller extended the ground lease and completed the majority of the renovation requirements per the extension. This increased the attractiveness of this opportunity and maximized value. BUYER STRATEGY | BUSINESS PLAN They buyer is a high net worth local private investor. He is a long-term cash flow-oriented investor who looks to acquire rare pride of ownership assets in the South Bay. The Waterfront was a perfect fit. PROCESS AND OUTCOME The most challenging aspect of this transaction was overcoming the objections to the 55-year ground lease. This caused many of the traditional institutional buyers to reduce their offers significantly or preclude them from making offers altogether. We were able to close at an extremely healthy price in a challenging market with limited financing sources. The Waterfront transaction exemplifies an investment trend we expect to see more frequently in the near future: institutions selling to private investors. CLIENT QUOTE “The Harris Group provides high quality work product coupled with professional, responsive, and timely transaction management. They are great to work with!” | SCOTT R. MCCLAVE, PRINCIPAL—ACQUISITIONS & FINANCE, THE BASCOM GROUP, LLC | P R O V E N R E S U LT S |71| | 7 2 | P R O V E N R E S U LT S THG CASE STUDIES FRANKLIN PLAZA APARTMENTS 80-Unit Multi-Family Community 7230 Franklin Avenue, Los Angeles, CA Sales Price: $24,000,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: RW Selby & Company Prometheus Real Estate Group, Inc. 80 1974 62,972 $300,000 $341.72 4.03% 6.14% All Cash N/A August 13, 2007 November 19, 2007 SELLER STRATEGY | BUSINESS PLAN The seller had a value-add business plan with a three-to-five year hold period. They completed exterior renovations and common area upgrades and achieved the necessary yields to satisfy their equity partner. In addition, they saw the opportunity to market the asset as a value-add opportunity via an exterior and interior renovation. BUYER STRATEGY | BUSINESS PLAN The buyer had recently acquired a sizable asset in the Hollywood submarket within one block of the subject property. They wanted to capitalize on the economy of scale, thereby greatly reducing their construction and operational costs. This, combined with the interior renovation vision, made the property an excellent long-term investment. PROCESS AND OUTCOME Our process was to find a buyer who would pay a premium to acquire a rare asset in a market that sees very minimal transaction volume. We were successful in identifying the perfect niche buyer. CLIENT QUOTE “The Harris Group performed with experienced precision and confidence. From the initial listing process through close, we were always kept well informed and were given the confidence that they would deliver the best possible offer and keep the buyer focused and on track. The Harris Group did not hesitate to tackle complex issues that arose unexpectedly and as a result the transaction was a success. We recommend THG highly.” | DANIEL H. FRIED, VICE PRESIDENT - ACQUISITIONS/DISPOSITIONS, RW SELBY & COMPANY | P R O V E N R E S U LT S | 73| | 7 4 | P R O V E N R E S U LT S THG CASE STUDIES THE BOULEVARD 105-Unit Multi-Family Community 4420-4440 Sepulveda Boulevard, Sherman Oaks, CA Sales Price: $28,925,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: Pacific Property Company AMLI Residential 105 1988 91,220 $275,476 $318.57 4.14% 5.73% All Cash N/A June 28, 2006 November 27, 2006 SELLER STRATEGY | BUSINESS PLAN The seller had a value-add business plan with a three-to-five year hold period. BUYER STRATEGY | BUSINESS PLAN The buyer was aggressively seeking a core-plus investment opportunity in Southern California to make their first entry into this particular market. PROCESS AND OUTCOME Sherman Oaks is an area that sees a tremendous amount of activity. This asset required maximum exposure to local and national entities alike. We were able to identify an investment group that had heightened motivation to acquire just such an asset. CLIENT QUOTE “The Harris Group provided Pacific with outstanding representation during our sale of The Boulevard Apartments in Sherman Oaks, CA. Greg’s local market knowledge allowed us to work together to appropriately position the property to appeal to the broadest possible audience of buyers, which ultimately resulted in a sale to an institutional investor who was extremely motivated to re-enter the California market following a period of limited activity. My partners and I were pleased with the resulting transaction and I would recommend The Harris Group without hesitation.” | RORY GARDNER, MANAGING DIRECTOR, PACIFIC PROPERTY COMPANY | P R O V E N R E S U LT S | 75| | 7 6 | P R O V E N R E S U LT S THG CASE STUDIES BONNER CASITAS APARTMENTS 32-Unit Multi-Family Community 5500 Bonner Avenue, North Hollywood, CA Sales Price: $7,875,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: Spiegel Dev. and Montage Dev. Eugene Rink 32 2007 25,991 $246,094 $271.55 4.29% 6.03% AITD $5,906,250 March 13, 2008 August 5, 2008 SELLER STRATEGY | BUSINESS PLAN The seller is also the developer of this property. Both companies employ the strategy of constructing a property and selling it upon lease up. BUYER STRATEGY | BUSINESS PLAN The buyer is a private investor who uses his own management company. He saw great upside potential in Bonner Casitas with its sound location and below-the-market rents. PROCESS AND OUTCOME With high construction costs, the seller had equally high expectations. The market posed a challenge at this level. However, the asset possessed excellent selling points, including its brand-new construction and proximity to the Metrolink. With persistence, The Harris Group was able to find a private buyer looking to complete a 1031 Exchange. The seller carried back an all-inclusive trust deed, allowing the transaction to be completed. CLIENT QUOTE “The Harris Group sold my property for $500,000 more than anyone else was even willing to list it for. They know the market, kept us well informed of the marketing campaign, and made the entire process painless. They truly are the best.” | DAVID SPIEGEL, PRESIDENT, SPIEGEL DEVELOPMENT | P R O V E N R E S U LT S |77| | 7 8 | P R O V E N R E S U LT S THG CASE STUDIES ENCINO NORTHRIDGE PORTFOLIO PROPERTY NAME/ADDRESS 304-Unit Collection of Multi-Family Communities Sales Price: $52,965,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: Original Owner/Developer Donald T. Sterling Family Trust 304 1964 - 1969 283,604 $174,227 $186.76 4.45% 7.09% All Cash N/A July 17, 2007 March 31, 2008 SALE PRICE UNITS SIZE (SQ. FT.) PRICE/SQ. FT. PRICE/UNIT ENCINO ARMS 5424 Newcastle Ave., Encino, CA $11,429,550 ENCANTO DE ENCINO 5437 Newcastle Ave., Encino, CA 68 64,189 $178.06 $168,082 4.89 $11,682,000 51 57,624 $202.73 $229,059 3.51 ENCINO MANOR 5444-46 Newcastle Ave., Encino, CA $12,331,440 58 59,141 $208.51 $212,611 4.62 LINDLEY HOUSE 10338-42 Devonshire St., Northridge, CA $11,654,280 84 67,084 $173.73 $138,741 4.57 $5,867,730 43 35,566 $164.98 $136,459 4.68 DEVONSHIRE ARMS 18041 Devonshire St., Northridge, CA CAP RATE SELLER STRATEGY | BUSINESS PLAN The selling entity consisted of eight partners who were also the original builders of the five properties. The ninth partner had recently passed away and the portfolio was listed to satisfy the estate’s request to sell. We were the first brokerage firm to ever bring these assets to market. With the close of the transaction, the selling partners planned to go their separate ways, some to invest in individual 1031 exchanges. BUYER STRATEGY | BUSINESS PLAN The buyer is an experienced investor who seeks out value-add opportunities and utilizes his management company with all properties in his portfolio. He was looking to acquire a collection of properties in prime San Fernando Valley locations and make his foray into this particular market. His goal for this portfolio is to maximize cash flow and hold long term. PROCESS AND OUTCOME This was a lengthy five-month transaction process. During this period the debt market took a turn, creating many challenges. We were able to bring in a buyer who did not require high leverage and had the ability to close with all cash, if necessary. In a transaction combining nine different decision makers, we utilized our ability to unify the best parties under the most agreeable conditions. P R O V E N R E S U LT S | 79| | 8 0 | P R O V E N R E S U LT S THG CASE STUDIES CAMBRIDGE GARDEN APARTMENTS 76-Unit Multi-Family Community 2601 E. Valley Boulevard, West Covina, CA Sales Price: $12,450,000 Seller: Buyer: Units: Year Built: Net Rentable SF: Price per Unit: Price per SF: Current CAP: Market CAP: Financing: First Loan Amount: On Market Date: Close of Escrow: Redfern Family Trust Dominic Guadagno 76 1978 73,826 $163,816 $168.64 5.44% 6.23% Washington Mutual $5,950,000 June 13, 2007 January 24, 2008 SELLER STRATEGY | BUSINESS PLAN The seller is a private investor whose strategy includes finding value-add opportunities and employing a three-to-five year hold plan. With a three-year interest-only loan to mature in November 2007, the seller’s loan would have shifted to principal and interest, hence his decision to sell. BUYER STRATEGY | BUSINESS PLAN The buyer is a private investor who utilizes his own management company. He seeks out value-add opportunities with the goal of rehabilitating the units, increasing rents, and ultimately filling the property. The San Gabriel Valley was an excellent market for investment and well-suited to the buyer’s strategy. PROCESS AND OUTCOME This was a six-month transaction process, during which the debt market took an aggressive turn. West Covina became oversaturated with investors, forcing rents lower than expected. With our extensive marketing program and persistent Business Development Team, The Harris Group procured a private buyer looking to invest in a 1031 exchange, fulfilling to the needs of the seller. CLIENT QUOTE “As the owner of more than 2,500 units, I have to give The Harris Group much of the credit for my success.” | TOM REDFERN, REDFERN FAMILY TRUST | P R O V E N R E S U LT S |81| | 8 2 | P R O V E N R E S U LT S |STRATEGY RESEARCH LEADERSHIP INNOVATION ENTREPRENEURSHIP CREATIVITY PROCESS EXPERIENCE RELATIONSHIP DRIVEN RESULTS| SOUTHBAY 2141 ROSECRANS AVENUE, SUITE 5100, EL SEGUNDO, CA 90245 T 310 706 4400 F 310 706 4410 ENCINO 16830 VENTURA BOULEVARD, SUITE 100, ENCINO, CA 91436 T 818 212 2700 THEHARRISGROUPMM.COM | LICENSE 01186953, 01314364