MMIPA_Client Information Package_DRAFT

MARCUS & MILLICHAP | INSTITUTIONAL PROPERTY ADVISORS OVERVIEWSince 1971, Marcus & Millichap | Institutional Property Advisors (“MMIPA”) has been thepremier provider of real estate investment services. The foundation of our investment servicesis the depth of our local market knowledge. Our 46-year history of maintaining investorrelationships in local markets across the country is part of what enables us to be the bestinformation source and transaction service provider available.In 2017, MMIPA closed 8,995 investment transactions, with a value of approximately $42.3 billionfor private and institutional investors. By closing more transactions annually than any otherfirm, our investment professionals are able to provide clients with an unparalleled perspectiveon the investment real estate market locally, regionally, nationally and in Canada. Included inthese transactions were apartments, multi-tenant retail, single-tenant retail, office, industrial,affordable housing, student housing, seniors housing, manufactured housing, medical office,self-storage, hospitality, golf and resorts, and land. MMIPA has established itself as a leadingand expanding investment real estate company with over 1,700 investment sales and financingprofessionals in offices throughout the United States and Canada.THE MARCUS & MILLICHAP ADVANTAGEMMIPA’s effectiveness is reflected in the high volume of repeat business experienced eachyear. Clients working with MMIPA benefit from:• MMIPA’s core business is investment sales. All of the company’s resources support this investment specialization.• The industry’s largest sales force of experienced, trained investment agents allows MMIPA to identify investment opportunities in markets throughout the United States and Canada and offers the broadest exposure for listed properties.• An internal culture that requires agents to place their listings into the company’s electronic property inventory system immediately provides investors with the industry’s largest inventory of income property.• The knowledge base and expertise of MMIPA’s agents is supplemented by extensive market research.

A UNIQUE APPROACH TO CREATING VALUE AQUISITIONS - CUSTOMIZED DEAL FLOW Our vast and constantly changing national inventory of office and industrial properties across the country is leveraged to meet each client’s specific acquisition needs through an orchestrated process and customized information flow. INVESTMENT STRATEGY/RESEARCH We engage our in-house, industry-leading market research to assist clients in shaping investment strategy – from the macro, portfolio level to metro evaluation, detailed submarket analysis and asset analysis/valuation. CAPITAL MARKETS - EXPERTISE/EXECUTION MMIPA Capital Markets’ expertise and resources are deployed to assist clients throughout the capital stack, including placement of equity, long-term debt, mezzanine, bridge and construction financing. MMIPA Capital Markets provides comprehensive advisory services at the asset and portfolio levels. PROPERTY SALES - BUILTON RELATIONSHIPS, BROADENED BY TECHNOLOGY For every industrial investment represented by MMIPA, the most qualified private and institutional investors are sourced based on their acquisition criteria, capital placement needs and past investment patterns, including active exchange buyers. By tapping into the relationships of our MMIPA team nationally as well as the entire MMIPA network, we source the highest quality and most motivated buyers one asset at a time. MMIPA provides a cutting-edge suite of technological tools that cover the full spectrum of prospective buyers with each property on a real-time basis.

OUR TEAM Kenneth J. Szady, SIOR, CCIM National Director - North America & Canada, Marcus & Millichap | Institutional Property Advisors Kenneth J. Szady, SIOR, CCIM, serves as National Director and senior leader of Marcus & Millichap | Institutional Property Advisors Division (“MMIPA”) for North America and Canada. Based in Chicago, Mr. Szady coordinates the resources of the Platform that specialize in raising capital on equity sales, joint ventures, note sales and debt structures for institutional, corporate and major private clients throughout the United States and Canada. With 27 years of experience and $9.8 billion in closed transactions spread across 22 states and 48 cities, Mr. Szady is widely distinguished as a leader in the institutional commercial real estate industry, leading both national portfolio sales as well as large single asset assignments. Prior to joining Marcus & Millichap, Mr. Szady was a senior level officer at NGKF and served as Executive Managing Director of Newmark’s institutional capital markets platform. Before NGKF, Mr. Szady was executive director and co-head of Cushman & Wakefield’s national industrial capital markets division and was executive vice president and head of capital markets at Trammell Crow Company. Prior to Trammell Crow, he worked at Jones Lang LaSalle as a senior vice president in their real estate investment banking group. Krysti C. Galvin Director | First Vice President, Marcus & Millichap | Institutional Property Advisors Krysti C. Galvin specializes in raising capital on equity sales, joint ventures, and sales/leaseback structures for institutional, corporate, and major private clients throughout the United States. Based in Chicago, and a key member of the MMIPA National Office and Industrial Team, Ms. Galvin will coordinate the resources of MMIPA’s national platform for industrial and business park transactions. Additionally, Ms. Galvin will work with MMIPA senior leadership on national business development. With over 20 years of commercial real estate experience, Ms. Galvin has a highly diverse background in real estate with a focus on industrial, business park and suburban office properties for institutional and corporate clients, as well as regional and national developers. Ms. Galvin served as Managing Director in Newmark Grubb Knight Frank’s, Capital Markets Group downtown Chicago office. Based in Los Angeles before relocating to Chicago, Ms. Galvin held a senior position in Cushman & Wakefield’s National Industrial Group where she focused on securing and transacting new institutional sale and asset management assignments. Ms. Galvin also served as a vice president with Deutsche Bank/RREEF where she was responsible for overseeing a team of twenty (20) on the west coast as well as coordinating the asset management and disposition of a large portfolio of industrial and office properties for institutional clients. She is a licensed real estate broker in both the States of Illinois and California.

KENNETH J. SZADY, SIOR, CCIM National Director - North America & Canada KRYSTI C. GALVIN MATTHEW J. SCHWARTZ First Vice President | Director Senior AssociateJESSICA ANTHONYE MIKE KENNEDY JACK GRIFFITH MICHAEL ARTIM NICHOLAS WARMINSKI JULIAN ZUNARELLI Associate Associate Associate Associate Associate Associate I-55 I-88 North O’Hare South O’Hare Northwest Indiana/South Chicago Lake County Submarket Specialist Submarket Specialist Submarket Specialist Submarket Specialist Submarket Specialist Submarket SpecialistARTURO COVARRUBIAS DANIEL CZYZ LANCE SHARP Financial Analyst Marketing Coordinator Transaction Coordinator

MAXIMIZING RESULTSWITH 82 OFFICESTHROUGHOUT THEU.S. & CANADAWith our collaborative culture, cutting-edgetechnology and proven methodology, weefficiently match buyers and sellers bothregionally and nationally to maximize yoursuccess.MOVING CAPITAL,MAXIMIZING VALUE

MAXIMUM EXPOSURE FOREIGN & INTERNATIONAL CAPITALCREATES MAXIMUM VALUE As the leader in investment sales transactions annually, foreign capital is drawn to our firm as the conduit to the nation’s largestOur comprehensive marketing plan provides strategic exposure for your exclusively listed inventory. Foreign investors seek our advice,asset. Whether the optimal strategy requires maximum exposure within market reach and long-standing client relationships with thea single profile, broad exposure across all investor profiles, or a hybrid industry’s largest pool of buyers and sellers.approach, our platform ensures maximum value across every client 1031 EXCHANGE CAPITALprofile. Access the Industry’s largest pool of 1031 exchange buyers, as a result of closing more transactions annually than any other commercial real estate brokerage firm. CROSS-PRODUCT CAPITAL Our collaborative culture across product types, enabled through MNet, ensures access to the broadest pool of qualified investors. 1ST TIER INVESTORS Marcus & Millichap maintains long-term relationships with these investors via our MMIPA divisions, national product specialty groups, and 380 senior investment professionals. 2ND TIER INVESTORS We access via our highly organized national product specialty groups and the regional and national marketing opportunities they present. 3RD TIER INVESTORS Specializing exclusively in investment sales, our network of more than 1,700 investment professionals throughout the U.S. and Canada guarantees your property is exposed to the largest pool of qualified buyers.

TRANSACTION HISTORYOVER$10 BILLIONIN TRANSACTIONSNATIONWIDE

Illinois Illinois IllinoisPortfolio Sale | Two (2) Buildings Individual Sale | 275,265 SF JV Equity Raise | 285,821 SF Price: $24M (Closed) Price: $20M (Closed) Price: $20M (Marketing) Florida Louisiana WisconsinPortfolio Sale | Three (3) Buildings Individual Sale | 710,937 SF Individual Sale | 495,075 SF Price: $30M (Closed) Price: $38M (Marketing) Price: $21.5M (Marketing) Indiana Illinois IllinoisPortfolio Sale | Six (6) Buildings Portfolio Sale | Six (6) Buildings Financing | 112 Doors Price: $26M (Closed) Price: $25M (Marketing) Price: $8M (Closed)

Kenneth J. Szady, SIOR, CCIM Krysti C. Galvin | Director Jack Griffith | Associate Arturo Covarrubias | Financial AnalystNational Director - North America & Canada (312) 327-5447 (312) 327-5407 (312) 327-5444333 W. Wacker Drive, Suite 200 [email protected] [email protected] [email protected], IL 60606 Matthew J. Schwartz | Senior Associate Mike Kennedy | Associate Daniel Czyz | Marketing Coordinator(312) 327-5452 (312) 327-5488 (312) 327-5436 (312) [email protected] [email protected] [email protected] [email protected]: IL 471.016178 Nicholas Warminski | Associate Lance Sharp | Transaction Coordinator Jessica Anthonye | Associate (312) 327-5492 (312) 327-5449 (312) 327-5406 [email protected] [email protected] [email protected] Julian Zunarelli | Associate (312) 327-5453 Michael Artim | Associate [email protected] (312) 327-5454 [email protected]