The Broe Group manages a group of affiliated companies that owns and operates a multibillion-dollar portfolio of hard assets. It is only through well-researched, calculated transactions that we’ve grown to know such long-term accomplishment. The horsepower of The Broe Group is generated in two specific ways. First, the companies under our management employ a team of qualified and driven associates who are trained to recognize, analyze and connect our network of business partners to opportunities. Second, we empower those associates to make decisions that they are accountable to bring to fruition. By combining these two forces.

EBL&S Development and affiliates have operated as real estate development, acquisition and management companies under the control of a senior leadership team that has been in place continuously for over 35 years. Over the past three and a half decades, the EBL&S group of companies has developed, redeveloped, managed, financed, refinanced and/or restructured over 200 commercial projects. During the height of the real estate market from 2004 through early 2008, EBL&S was an active seller of properties, disposing of holdings at the highest prices in the company's history.

Societe de la Tour Eiffel does boast an impressive portfolio of commercial real estate properties in France. The SIIC (similar to a US real estate investment trust) primarily invests in suburban offices, business parks, warehouses, light industrial buildings, and nursing homes. Its portfolio is worth more than E1.1 million ($1.6 million) and totals roughly 713,000 sq. meters of space. About half of its properties are divided between Paris and �le-de-France, while the remainder are located in other regions of France. Subsidiary Awon Asset Management oversees the company's investment strategy, land reserve development, and asset management.

Maxco, Inc. is a Michigan corporation incorporated in 1946. In February, 2007, Maxco sold substantially all the assets of the Company’s former wholly owned subsidiary Atmosphere Annealing, Inc., which was Maxco’s last operating company. Currently, Maxco holds investments in real estate and certain miscellaneous other assets. The Company continues to work toward the goal of obtaining the highest value for our shareholders as Maxco continues to formalize and execute a plan of liquidation of its remaining assets.

Founded in 1980, AMLI evolved from a private real estate development company to, in 1994, a publicly traded real estate investment trust. In February 2006, AMLI became a private company again through a $2.1 billion transaction with the Prime Property Fund, a core, open-ended, institutional real estate fund managed by Morgan Stanley. Prime owns or has an investment interest in approximately $9 billion of high-quality, diverse real estate assets including retail, office, multifamily, hotel, and industrial properties located in major markets throughout the United States. Prime's acquisition of the AMLI platform was a strategic transaction designed to provide institutional investors a nationally respected branded owner, developer and manager of luxury apartment communities.AMLI is one of the preeminent multifamily companies in the nation. The company is focused on the development, acquisition and management of luxury apartment communities. AMLI is committed to customer service and providing our residents a worry-free, high-value living experience in our communities. AMLI® is a brand name representing high quality, exceptional service and superior value.

Ashford Hospitality is in with the inn crowd. A self-administered real estate investment trust (REIT), Ashford owns and has interests in about 100 upscale hotels with more than 20,000 rooms in some two dozen states and Washington, DC; most operate under the Hilton, Hyatt, Marriott, and Starwood nameplates. Nearly half of Ashford's properties are managed by firms owned by company chairman Archie Bennett and his son, CEO Monty Bennett, with the rest overseen by other third-party management companies. In addition to making direct investments in hotels, the REIT also originates loans secured by hotel properties.

The Woodmont Company began 30 years ago as a one-person commercial brokerage firm. Even though we are headquartered in Fort Worth, Texas, our tenant representation clients, development projects and asset management properties are located nationwide, supported by more than 70 professionals and dozens of partner companies.

Kravco Simon through its predecessor Kravco Company has been in business for over fifty years. During that time, the former Kravco Company established itself as a leading real estate development and asset management company specializing in regional shopping malls and community shopping centers. Kravco Simon currently manages and leases approximately 11.0 million square feet of regional enclosed shopping centers. In addition, Kravco Simon currently manages in excess of 1.5 million square feet of community, lifestyle, & office centers. Kravco Simon's largest mall, The Court and The Plaza at King of Prussia, is the second largest mall in the United States and has eight department stores.Kravco Simon Company was formed in the fourth quarter of 2003 as a result of Simon Property Group, an Indianapolis, Indiana- based REIT, increasing its ownership interests in Kravco Investments L.P. (KI) and in Kravco Company (KC), its affiliated property management company.The name change from Kravco Company (KC) to Kravco Simon Company (KSC) was done to reflect the new ownership structure. Arthur L. Powell, one of the original founders of KC, and family members remain active in the company and sit on the new Board of Directors. Arthur Powell is Chairman and his son, Jon R. Powell, President. Other members of the Board include: James Barkley, Richard S. Powell, Richard S. Sokolov, and Stephen Sterrett.

Cencor Realty Services is part of The Weitzman Group, which was founded in 1989 by CEO Herbert Weitzman. Deep in the heart of Texas is where you'll find Cencor's business core. The company provides management, development, renovation, and accounting services for commercial real estate in Texas. Cencor oversees a portfolio of retail shopping centers totaling nearly 22 million sq. ft. in the Austin, Dallas, Fort Worth, Houston, and San Antonio metropolitan areas. Its Cencor Urban division specializes in the development, marketing, and leasing of urban mixed-use projects. Its Cencor Solutions arm advises owners of struggling retail properties and seeks out investment opportunities created by down markets

Safeguard Properties is the largest privately held mortgage field services company in the country. Headquartered in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard inspects and maintains defaulted and foreclosed properties for a wide range of clients in the mortgage industry, from local loan servicing companies to national publicly traded mortgage servicing corporations. The company has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company providing services in 50 states, the Virgin Islands, and Puerto Rico. Safeguard is supported by a nationwide network of subcontractors trained and qualified to perform all requested superintendence, preservation and maintenance functions anywhere in the country. Safeguard is an industry leader in providing relevant, timely, and strategic information to our clients, vendors, and the industry as a whole. Safeguards' All Client Alerts (ACA's) provide industry updates and news on a daily, weekly, and monthly basis. Safeguard is a prime sponsor of most industry conferences including USFN, MBA, REOMAC, CMBA, Five Star and AFN. We are also proud to organize and facilitate the annual National Property Preservation Conference which is attended by representatives from all facets of the industry, including HUD, FNMA, Freddie Mac, VA, field service companies and mortgage servicing corporations.

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