Historical Overview

Company started 1972

Fully Integrated Real Estate

investment company focused

on investment in single

tenant commercial real estate

properties that are net leased

to credit worthy tenants

Completed over 2,000 single

tenant sale-leasebacks

Point 360- Los Angeles, CA

United Trust Fund has acquired properties in 40 states

UTF Institutional Partners

1972-1987

1988-2000 Partnership with Met Life

2005-present Joint Venture with GE

Acquisition Criteria

Lease term – 15years

Triple net lease

Real estate – all types

considered

Credit – both investment

and sub-investment

grade considered

Geographic preference –

nationalBelk Corporate Headquarters –Charlotte NC

Investment grade vs. Non investment grade

Less than investment

grade tenant

Critical corporate asset

What a company wants

Maximum proceeds for

their real estate

Competitive rate

Certainty of closure

Honeywell-Richmond, VA and Hy Vee supermarkets- Multiple locations

Sublease rents exceeded

master lease rents

Beazer recouped 10% of

a 550 Million acquisition

in a single sale-leaseback

transaction

Effect of economic downturn 2008

Little or no expansion

Skyrocketing

unemployment

Contraction of business

activity

AGCO Headquarters – Duluth, GA

Effect of economic downturn 2009

Corporations hunkered

down

Clean up their balance

sheet

Reduce debt

Position themselves for

the future

RF Micro Corporate Headquarters –

Greensboro, NC

2010 Forecast

Pent-up demand for new

corporate facilities

Interest rates historically

low

Ideal market conditions

for a sale -leaseback

Jones Apparel Group – South Hill, VA

Sale-leaseback capital is

in demand

UTF can help meet this

demand

Medical Office- Saint Louis MO

The majority of sale -

leasebacks are originated

by brokers

We are here to help you

close your deals

Coca-Cola Bottling Plant

Wisconsin

Giant Supermarket - Pennsylvania

Sale-leaseback originated

by tenant rep

Be creative

IKON office facility- Macon, GA

We will invest more

than $200,000,000 in

2010

Every single

transaction will

generate a

commission for you

Best Buy - Multiple Locations

Bank of America – Multiple Locations

Development and Build to Suit

No two transactions

are the same

Flexibility

Close

Make UTF part of your

team

United Healthcare Minneapolis, MN

“We Keep Good Company” tm

Be creative

The best deals are not

always obvious

New location(s) without

any capital outlay

Hon Industries- Minneapolis, MN

Privately held

Flexible

Low cost of capital

Coventry Heath Care –Fort Lauderdale, FL

Use of sale-leaseback proceeds

Retiring debt

Expansion and

renovation

Entry into new markets

Jared Jewelers – Tysons Corner, VA

United Trust Fund

701 Brickell Ave 13th floor

Miami, Florida, 33131

305-358-7711

www.utf.com

Ceridian Corporate Headquarters – Minneapolis, MN