Theme Introduction We draw on the hexagon as a metaphor for our organizing principles and achievements that serve to improve lives and produce value. In nature, bees construct hives with hexagonal wax cells that embody a unique combination of strength, capacity, elegance, and lightness. This structure makes possible the bees’ future sustenance. So, too, do we employ our own hexagon structure to create an ideal environment for capital and expertise to combine and achieve the creation of superior real estate value.

Capital Guidance Real Estate creates value in retail, office, hospitality, industrial, residential, logistics, and land investments and developments.

We offer uncommon skills in uncovering and exploiting real estate opportunities that generate lasting value. We focus on creating special places that delight consumers, satisfy tenants and enhance communities. We believe this approach is at the core of our ability to deliver outstanding risk-adjusted returns to our investors and partners.

CAPITAL GUIDANCE REAL ESTATE OVERVIEW

1979 From our 1979 formation of a company to invest in offices and shopping malls in the United States, Capital Guidance Real Estate has expanded into a global real estate investment management operation.

Capital Guidance is an international investmentcompany with extensive global experience in creating, building, and managing unique operating companies and managing a global, diversified portfolio of financial investments.

We invest in, transform and develop commercial, residential and mixed-use properties through Capital Guidance Real Estate, our global property investment management platform.

ABOUT CAPITAL GUIDANCE

Capital Guidance Real Estate creates value in retail, office, hospitality, industrial, residential, logistics, and land investments and developments.

We offer uncommon skills in uncovering and exploiting real estate opportunities that generate lasting value. We focus on creating special places that delight consumers, satisfy tenants and enhance communities. We believe this approach is at the core of our ability to deliver outstanding risk-adjusted returns to our investors and partners.

CAPITAL GUIDANCE REAL ESTATE OVERVIEW

1979 From our 1979 formation of a company to invest in offices and shopping malls in the United States, Capital Guidance Real Estate has expanded into a global real estate investment management operation.

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A single integrated, disciplined and rigorous worldwide process creates value and assurance for clients. 1

STRATEGIC INVESTORS IN PROPERTIES GLOBALLY

1 platform

3 global regions

3 operating companies

6 billion dollars

20 million square feet

177 property investments

220 employees

06capabilities

Global Markets, Local Knowledge

Investment Management

Sourcing & Underwriting

Value Creation

Creative Solutions

Place Making

We have built critical skills in transforming and developing properties in advanced and emerging markets over 35 years. We deliver through an efficient, vertically integrated platform to reduce investment expenses and create increased value for our clients.

INTEGRATED INVESTMENT & OPERATING PLATFORM

VALUE CREATION FOR CLIENTS

Sourcing & Underwriting

DevelopmentAsset & Property Management

Leasing

Acquisitions

Exit Realization

Retail, Office, Mixed Use, Logistics, Residential, Land, Industrial, Hospitality

Core, Core Plus, Value Add, Opportunistic

LOCAL LANGUAGE, CULTURE, AND KNOWLEDGE

UNITED STATES Operating from nine regional offices, we specialize in commercial, office, mixed- use and retail real estate in top-tier markets. Our investment programs are designed to meet the specific investment goals and parameters of our institutional capital partners.

MIDDLE EAST We are developing world-class logistics and warehouse properties in Saudi Arabia from our regional offices in Riyadh and Dubai. We also launched a unique five-star hotel chain to reflect the hospitality and Spirit of the East.

ASIA Based in Malaysia, with offices in Kuala Lumpur, Bangkok, and Jakarta, we invest in high-quality logistics and warehouse assets across Southeast Asia. We have funded residential properties in major cities in China as well, to meet demand arising from significant urban migration and growth.

Global Markets, Local Knowledge

Dedicated special teams in the United States, the Middle East, and Asia enable us to master local market knowledge.

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UNITED STATES We have invested in substantial office buildings; engaged in major land development projects; built a nationwide, integrated investment platform; and developed large-scale, mixed-use projects at the heart of communities for more than 35 years.

MIDDLE EAST With over 50 years of operating experience in the Middle East, our ability to apply real estate investment experience to create investment opportunities in the residential housing, hospitality, and logistics property sectors is unique.

ASIA We established the Guidance China Opportunity Fund in partnership with CBRE Global Investors to invest in Chinese residential assets. We are now focused on income generating logistics and warehouse properties to benefit from Southeast Asia’s growing levels of wealth, and disposable income and its rapidly-expanding middle class.

03From our launch in the United States and subsequent expansion into the Middle East and Asia, we meld global capabilities with local expertise to create value in developed and emerging markets.

REGIONS

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Delivering attractive returns to investors and partners across business cycles and markets.

Investment Management

STRONG BALANCE SHEET AND A RELIABLE STEWARD OF CAPITAL

DEDICATED AND DISCIPLINED TEAMS Long-tenured professionals with deep real estate investment and industry expertise.

PROVEN RESULTS Investment results from successful strategies that incorporate local market culture and operating practices.

CAPITAL SOLUTIONS Global structuring, including cross-border debt and equity offerings, with a wide range of capital sources and relationships.

BROAD STRUCTURING EXPERTISE Extensive experience in national and local tax, legal and regulatory requirements; flexible choice of investment vehicles.

FIDUCIARY RESPONSIBILITY Rigorous investment process; thorough evaluation of risks; timely and comprehensive investor reporting; tax efficiency and optimization.

ALIGNMENT OF INTEREST Co-investment aligns us with our investors.

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CITYSCAPE Bangkok, Thailand

Thailand’s industrial activity, concentrated to the north and east of Bangkok, is a source of attractive warehouse and logistics property investments.

Our offices have local staff focused on finding, acquiring and managing outstanding investments in each of our geographic markets.

17OFFICES

Blackrock Morgan Stanley

Blackstone Perella Weinberg Partners

Invesco TIAA CREF Financial Services

Islamic Development Bank

J.P. Morgan

LaSalle Investment Management

Vornado Realty Trust

Wells Fargo

Westfield

CalPERS Principal Financial Group

Heitman SEDCO Capital

AXA Lembaga Tabung Haji

We are honored to work with leading

companies and institutional investors, including:

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$2.1The $2.1 billion Wharf in Washington, DC is one of the largest urban developments in the modern history of the U.S. capital.

BILLION

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Sourcing & Underwriting

Utilizing comprehensive local knowledge and networks to source attractive deals and structure sound investments.

CREATING VALUE AND REDUCING RISKS

DEAL GENERATION

Strong proprietary sourcing based on market intelligence from local connections; deep sector expertise and in-house property service and leasing teams; access to off-market transactions.

MARKET ASSESSMENT AND TREND IDENTIFICATION

Experienced teams with a deep understanding of local markets; skill in identifying trends and market shifts; ability to anticipate how a property, community, or region will evolve.

CREATING OPPORTUNITIES

Ability to unlock value missed by others across risk and property types: value-add; opportunistic/major repositioning; development of land, mixed use, retail, residential, office; hospitality, and logistics assets.

RISK ASSESSMENT

Thorough assessment of risks and possible mitigation options; evaluation of multiple business plans and possible outcomes; ability to develop and manage attractive diamonds in the rough with significantly reduced risk levels.

VALUATION AND IMPLEMENTATION PLANNING

A specific story, strategy, and operating plan for every potential investment; detailed financial analysis, scenario planning, and return projections.

BLAUPUNKT Penang, Malaysia

The 10.4-acre logistics and industrial property leased to multinational tenants, including German automotive audio company, Blaupunkt, provides extensive development and expansion opportunities.

SOUTHEAST ASIA Malaysia, Thailand, Indonesia, Singapore

Other warehouse and industrial assets across the region create a diversified portfolio in our Southeast Asia investment program.

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Over the past three decades we have managed investments in more than 175 properties with a total combined project value above $6 billion.

$6.2BILLION

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THE CENTER BUILDING Queens, New York

We identified The Center Building as having an irresistible location on Long Island — a growing submarket with rents far below those of the NYC metro market. Built in 1915, the eight-story building has 450,000 square feet of office space of which 70% was leased to high- quality private sector and government tenants at acquisition. Within three years, we successfully leased the vacant space and exited the investment, realizing excellent returns for our investors.

BAY STREET Emeryville, California

We redeveloped a former brownfield into an urban mixed-use property in the heart of the highly traversed San Francisco/Oakland Bay Bridge area. Bay Street is now a vibrant hub that is home to more than 65 shops, 10 restaurants, and a nationally ranked 15-screen cinema and IMAX Theater.

SHARP FOCUS ON EXECUTION DETAILS

IMPLEMENTATION OF ASSET-SPECIFIC PLANS Immediate execution of plans upon acquisition; teams aligned on overall strategy and specific tasks to deliver value.

ASSET ENRICHMENT Integration of multi-functional capabilities in-house with best-in-class external services to enhance each asset as much and as quickly as possible.

VALUE-ADDED LEASING Immersion by experienced staff with extensive relationships who assess credit strength; manage and reduce risk; foster multi-location relationships; and structure flexible lease terms to achieve cost effectiveness.

INCREMENTAL INVESTMENT AND DEVELOPMENTApplication of strong design and development skills; continuous improvement of each asset; incorporation of a community’s heritage and culture; and creation of an energy and vital sense of place.

EXIT REALIZATIONCombining a deep understanding of capital markets and investor sentiment with a continuous analysis of exit options and timing considerations to maximize returns for investors.

Value CreationFocusing on value creation across all target asset types and risk profiles.

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300300 Grant Avenue is a mixed-use redevelopment project combining urban retail and residential units in the Union Square area of San Francisco.

GRANT AVENUE

LA BREA Los Angeles, California

District La Brea – a collection of 11 buildings totaling 76,233 square feet, readapted to host a complementary mix of retail, dining, and creative offices.

THE BANKNOTE BUILDING Bronx, New York

With spectacular views over Manhattan, The BankNote Building is an architecturally significant, 414,270 square-foot landmark in the Bronx. Built in 1909 as a currency printing building, the “Penny Factory” is now home to a variety of government, civic, and private sector tenants.

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Creative Solutions

DELIVERING

IMAGINATION Identifying and anticipating consumer and corporate needs; developing plans that respond to and benefit from market shifts; envisioning more productive uses of space.

DESIGN Ensuring long-term appeal; providing uplifting environments and experiences for consumers, visitors, and workers; conceiving and producing physical identities that reflect local and cultural trends.

FLEXIBLE DEAL AND OWNERSHIP STRUCTURES Adapting financial and ownership models to achieve investment goals; building flexibility into deal structures.

CREATIVE APPROACH TO ENRICHING ASSETS Utilizing flexible office design; creating pop-up retail and restaurant locations and temporary markets in mixed-use projects.

SPECIAL PLACES Building a sense of place; working with local communities to create attractive new commercial and cultural centers.

Providing creativity, innovation, and vision, tempered by experience and expertise.

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These investments provide extensive experience and insight into success in a wide range of market environments.

177PROPERTY INVESTMENTS

Place MakingMeeting the needs of tenants, capturing the loyalty of consumers.

MASTERING URBAN PLACE MAKING

WIDE-RANGING RELATIONSHIPS Extensive history of creating spaces for retailers, office-based businesses, and industrial and logistics providers.

ENHANCED LEASING Blending of tenants to reinforce properties’ appeal and positioning; mixing of national and local tenants to create compelling communities.

COMMUNITY-FOCUSED, VIBRANT PROJECTS Turning large-scale mixed-use projects into the center of their communities.

PROVIDING EXPERIENCES Combining activities and environments to reflect a societal shift from things to experiences, while changing the nature of retail and office design and use.

USE OF MEDIA Engaging users, consumers, potential visitors, and tenants through social media, mobile, and web communications.

MERCHANDISING AND ACTIVATION Producing events that build on local trends and generate consumer engagement; introducing creative tenant mixes, innovative branding, and appealing architecture.

8380 MELROSE West Hollywood, California

Melrose is one of the most established and renowned high fashion street retail destinations in Los Angeles. We acquired two of the higher quality positioned buildings in the district when tenant demand began an upswing that continues today.

ASBURY PARK Asbury Park, New Jersey

Asbury Park exemplifies our place-making skills. With nearly 400,000 square feet of retail and entertainment space along a mile of oceanfront, just 55 miles from Manhattan, the project has revitalized this coastal favorite. Approximately 2,500 new luxury residential and hotel units will complete the development.

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In the United States we manage over 20 million square feet of retail space in coastal gateway cities, urban infill markets and up and coming neighborhoods.

20MILLION

AMER HAMMOUR Managing Director Capital Guidance Washington, DC

MOHAMAD HAMMOUR Managing Director Capital Guidance Beirut

HAZEM FARRA Managing Director Capital Guidance Beirut

DAVID BRAINERD Chief Investment Officer Madison Marquette Washington, DC

MERLE BRANN Director Madison Marquette Washington, DC

PETER COLE Managing DirectorMadison MarquetteWashington, DC

OMAR DOUGHAN Director Madison Marquette Washington, DC

CHAD EISENBUD Director Madison Marquette San Francisco

JOHN ELLIOTT Chief Financial & Administrative Officer Madison Marquette Washington, DC

TOM GILMORE Senior Managing Director Madison Marquette Washington, DC

ERIC HOHMANN President Madison Marquette San Francisco

PETER JUN Chief Operating Officer Madison MarquetteNew York

MARTIN KAMM Managing Director of Capital Markets Madison Marquette Washington, DC

THOMAS MORAN Investment DirectorMadison MarquetteNew York

GARY MOTTOLA Senior Managing Director Madison Marquette New York

BRAD MUTH Senior Managing Director Madison Marquette Washington, DC

PETER TOMAIManaging DirectorMadison MarquetteAsbury Park

PIUS HO Managing Director Asian Real Estate Guidance Investments Kuala Lumpur

WILLIE KOES Director, Asian Real Estate Guidance Investments Jakarta

STEPHEN PYNE Member of the Investment Committee Guidance Investments Kuala Lumpur

SAYARM TONGKRABIN Director, Asian Real EstateGuidance Investments Bangkok

ABDULMALIK FATHADDIN Managing Director TASRA Real Estate Riyadh

IMRAN SHAH Director TASRA Real Estate Dubai

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“We are led in each of our operating areas by an outstanding team of international real estate and financial executives with distinguished management backgrounds and achievements in their fields.”

TEAM MEMBERS

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Our diverse group of 220 employees speaks multiple languages and brings exceptional expertise and local knowledge to every real estate project we undertake, worldwide.

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- AMER HAMMOUR

THREE OPERATING PLATFORMS

In Asia, Guidance Investments provides principled investment opportunities to institutional investors from Central and Southeast Asia and the Middle East.

Our primary U.S. platform since 1992, Madison Marquette provides integrated real estate investment and management services nationwide across a wide range of risk profiles and asset types.

Through TASRA Real Estate, we manage the development of high-quality warehouse and logistics assets in the Middle East for world-class companies.

TIMELINE OF EVENTS

Capital and expertise creating special places.

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1985 Purchase of 1100 Louisiana (Houston, Texas), a 55 floor, 1.2 million-square foot office building in central Houston.

1981 Purchase of 260-261 Madison Avenue (New York, New York), centrally located office buildings in Manhattan.

2001 Bay Street Emeryvilleproject; a majordevelopment of retailand mixed use real estateoutside San Francisco.

2012 Purchase of The Center Building (New York); a significant eight-story office building in Long Island City that was once a Ford Assembly and Service Center.

Creation of The ClermontCompany to redevelop commercial andresidential properties in New York.

1983

Foundation of Aradi Inc., a land development company and the purchase of Mission Oaks Ranch, a 3,877 acre ranch in California.

1991

Manhattan Village project; a signature redevelopment of an urban retail project in Manhattan Beach, California.

2000

Creation of Shaza Hotels, a 5-star lifestyle hotel brand reflecting the Spirit of the East. Launch of a private fundto invest in Chineseresidential real estate inpartnership with CBRE Global Investors.

2007

The Wharf Project; a signature development project on a significant expanse of Washington, D.C. river frontage.

2010

Launch of an investment partnership to invest in warehouse and logistics properties in Southeast Asia.

Management of TASRA Real Estate to develop warehouse and logistics buildings in the Kingdom of Saudi Arabia.

2014

Creation of SarakreekHolding to acquireU.S. office and regionalshopping malls.

1979

1995 Creation of Madison Marquette.

2008 Asbury Park project; a major oceanfront redevelopment of the historic New Jersey shoreline.

OFFICE LOCATIONS & CONTACTS

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Capital and expertise creating special places.

Washington, DC 670 Water Street, SWWashington DC, 20024 (t) +1 (202) 741 3800

Asbury Park 300 Cookman AvenueAsbury Park, NJ 07712 (t) +1 (732) 481 2096

Fort Lauderdale 100 S.E. 3rd AvenueFort Lauderdale, FL 33394 (t) +1 (561) 807-1000

Los Angeles 11111 Santa Monica BoulevardSuite 950 Los Angeles, CA 90025 (t) +1 (323) 602-5300

Media 1400 North Providence RoadBuilding II, Suite 6065 Media, PA 19063 (t) +1 (267) 338 2608

New York 40 East 52nd Street, 15th Floor New York, NY 10022 (t) +1 (212) 255-2900

San Diego 6949 El Camino RealSuite C201ACarlsbad, CA 92009 (t) +1 (858) 876-1163

San Francisco909 Montgomery StreetSuite 200 San Francisco, CA 94133(t) +1 (415) 277-6800

Seattle600 Pine Street, Suite 228 Seattle, WA 98101(t) +1 (206) 322-1610

Geneva, Switzerland 23 rue Ferdinand-Hodler P.O. Box 6245, 1211 Geneva 6 Switzerland (t) + (41) 22 736 7666

Paris, France Washington Plaza Artois Building 44 rue Washington, 75008 Paris, France (t) + (33) 1 53 93 75 75

Beirut, Lebanon Stratum Building, 8th FloorOmar Daouk Street Beirut Central District Lebanon(t) + (961) 1 373 555

Dubai, UAE Guidance Capital Markets (DIFC) Ltd.Office 46, Level 15The Gate, DIFC Dubai, UAE(t) + (971) 4 401 9283

Riyadh, Kingdom of Saudi Arabia (Representative Office) Abraje Al-Olaya (Gosi Towers) Tower B, Riyadh, Saudi Arabia (t) + 966 1 279 2265

Kuala Lumpur, Malaysia Suite 19-09, Level 19, GTower 199 Jalan Tun Razak 50400 Kuala Lumpur, Malaysia(t) + 60 (0)3 – 2858 3000

Bangkok, Thailand Suite 2915, Level 29 The Offices at Centralworld 9999/9 Rama 1 Road Pathumwan, Bangkok 10330, Thailand(t) + (66) 2270 9211

Jakarta, Indonesia Sovereign Plaza, 21st Floor Jl. TB Simatupang Kav. 36 Jakarta 12130, Indonesia(t) + (62) 21 2939 8899