Pivotal Group is a diversified investment company primarily focused on private equity and real estate.At its inception, the firm capitalized on profitable market niches by acquiring, developing and managing investment grade commercial real estate properties in the Southwest. Over the years, its portfolio expanded to include master-planned developments and landmark properties throughout the nation.

Gramercy Capital Corp. is a self-managed integrated commercial real estate finance and property investment company operating in two complementary areas: Gramercy Finance, which focuses on the direct origination and acquisition of whole loans, subordinate interests in whole loans, mezzanine loans, preferred equity, CMBS and other real estate securities; and Gramercy Realty, which focuses on the acquisition and management of commercial properties net leased primarily to regulated financial institutions and affiliated users throughout the United States. Gramercy is headquartered in New York City, and has regional investment and portfolio management offices in Jenkintown, Pennsylvania, Charlotte, North Carolina and St. Louis, Missouri.Gramercy's senior management team, which has more than 40 years of experience in commercial real estate finance, is committed to providing best-of-class service at every point in the value chain: origination; underwriting; negotiation; transaction execution; and loan servicing.Gramercy originates and acquires a range of loan products intended to assist its clients in achieving their financing and liquidity needs quickly and cost-effectively, with professional execution and a continuing commitment to quality client service.

MPI / Mall Properties, established by founder and chairman Morton L. Olshan in 1968, is a full service real estate development and investment firm, with complete construction, financing, leasing and management capabilities.Together with its two wholly owned affiliates, Janoff & Olshan and Olshan Hotel Management, the company employs over 1,250 people, including over twenty professionals. Mall Properties has been engaged in all forms of real estate development with great emphasis on retail, residential, hotel and mixed use properties.

Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires. The company offers leases to retail tenants in its ten shopping centers; administration and maintenance of common areas; administration of contributions made by tenants to finance promotional efforts for the shopping centers; and parking lot services for visitors. The company also offers credit card consumer finance service, through the issuance of its Tarjeta Shopping and Tarjeta Shopping Metroshop credit cards, for consumers at shopping centers, hypermarkets, and street stores. It also engages in the development and sale of residential properties, and acquisition and sale of undeveloped parcels of land for future development. In addition, it engages in the development of condominiums associated with its shopping centers. The company was founded in 1889 and is headquartered in Buenos Aires, Argentina. Alto Palermo S.A. is a subsidiary of IRSA Inversiones y Representaciones Sociedad Anonima. Alto Palermo S.A. operates as a subsidiary of IRSA Investments and Representations Inc.

New World China Land Limited Company Profile New World China Land is the flagship division of the New World Group in mainland China. The company is one of the country's largest national developers -- its projects include residential estates, serviced apartments, villas, offices, shopping centers, resorts, hotels, and mixed-use complexes. Its real estate portfolio includes 37 development projects spanning more than 15 cities. New World China Land is working on a number of projects for the redevelopment of the old city centers of Beijing and Tianjin. The company has been in operation since the early 1980s.

iStar Financial Inc. operates as a finance company focusing on the commercial real estate industry. The company provides custom-tailored financing to high-end private and corporate owners of real estate. Its financing products include senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing, and equity. The company also involves in corporate tenant leasing business, which provides capital to corporations and others who control facilities leased primarily to single creditworthy customers. As of December 31, 2008, iStar Financial owned 362 office, industrial, entertainment, hotel, and retail facilities in 39 states. The company qualifies as a REIT for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The iStar Financial Inc. was founded in 1993 and is based in New York, New York.

Part of real estate finance and investment management company Ladder Capital Group, Ladder Capital Realty Finance will operate as a commercial real estate investment trust (REIT) targeting first mortgage loans secured by income-producing properties. Other investments will include senior commercial mortgage-backed securities (CMBS) and other real estate-related assets. Externally managed by Ladder Capital Realty Finance Manager, an affiliate and indirect subsidiary of commercial finance company Ladder Capital Finance Holdings, Ladder Capital was formed and filed to go public in July 2009. It is currently backed by private equity firms TowerBrook Capital Partners and GI International (GI Partners).

Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. As of December 31, 2007, the company owned 22,578 apartment units in 63 apartment communities, including 1,747 apartment units in 2 communities held in unconsolidated entities and 2,266 apartment units in 7 communities. It is also developing and selling 535 for-sale condominium homes in 4 communities and converting 349 apartment homes into for-sale condominium homes in 2 communities. The company primarily operates in Atlanta, Georgia; Dallas, Texas; Washington, D.C.; and Tampa, Florida metropolitan areas. Post Properties has elected to be taxed as REIT under the Internal Revenue Code and would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1971 and is based in Atlanta, Georgia.

ING Clarion is the Americas investment management arm of ING Real Estate Investment Management, assembling and managing portfolios of real estate assets for institutional and individual investors. Our expertise includes both the public and private equity markets, with investments in directly-owned real estate and public market equity securities.

Colliers International is a leading global real estate services organization defined by our spirit of enterprise. Through our culture of service excellence and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients.

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