CORPORATE

RESUME

F

MARINITA

DEVELOPMENT

CO INC

Developing FineGUorking and Living Communities Since 1976

Marinita Development Co Inc

Marinita Development Co Inc successor in interest to Capri Builders Inc which was

established in 1961 is a California corporation whose principal members are J Scott

Fawcett Ross Canon David B Garrison and Larry M Powell who together representover a century of experience Marinita is licensed as a California and Nevada generalcontractor and California real estate broker The companys current focus is developingbuilding managing and mazketing residential retail and industrial properties CurrentlyMarinita and its affiliates manage 16 retail industrial and residential communities

Marinita is afullservice real estate company which constitutes astrong foundation forlongterm investments Marinita strives to identify the best developmental opportunitiesthrough careful mazket analysis and feasibility studies

Marinita prides itself on its commitment to adhere to the highest qualitystandards in each

project the same standazds are maintained with its relationships with major tenants andinvestor partners It is Marinitas philosophy to be an investment builder with plans on

holding projects for the longterm rather than being a merchant builder and Marinitawill only proceed with projects for which significant preleasing has been establishedThis philosophy enables Marinita to offer developmental opportunities that are

conservative and consistent with our network ofinvestors and lenders

y 9te

150000 SF Washington Squaze Shopping Center SEC Washington 42nd Bermuda Dunesneaz Palm Springs California Recently developed and managed by Marinita Development Co

J Scott Fawcett

Scott Fawcett is the President and one of the founders of Marinita Development CoInc Marinita specializes in developing managing and operating shopping centers andindustrial parks The company has offices in Newport Beach Califomia and Las Vegas

Mr Fawcett is responsible for managing the daytoday operations of the company aswell as the asset management operations of all properties His responsibilities includenew business development supervising real estate acquisitions maintaining bankingrelationships obtaining financing and developing corporate strategies goals andobjectives

Mr Fawcett has been involved in the real estate field for over 45 years He has anextensive diversed commercial real estate background having worked 17 years withShell Oil Co where he acquired properties for service stations and the land investmentsdivision

Mr Fawcett holds a Bachelors of Science degree from Ohio State University He hasbeen active in industry organizations where he either currently is or has been amember of ICSC The Intemational Council of Shopping Centers since 1970 ACREAssociation of Corporate Real Estate Executives since 1969 as one of the foundersULI Urban Land Institute Intemational Platform Association Intemational Right ofWay Association Intemational Institute of Valuers Institute of Business AppraisersAmerican Association of Certified Appraisers National Association of ReviewAppraisers and Mortgage Underwriters Califomia Licensed Contractors AssociationBIA Building Industry Association etc

Lam M Powell

Mr Powellsexperience has covered all aspects of development from acquisitionentitlement financial analysis to project management and leasing He has held SeniorReal Estate positions with several of Southern Californiasmajor retailers andcommercial developers inGuding Stater Bros Markets Downey Savings Yucaipacompanies and Food 4 Less He has been involved in commercial real estate since1974 He is responsible for site acquisition and financial analysis for some of Marinitasnew developments

Mr Powell has been involved in the design development and operation ofapproximately 6 million square feet of commercial projects ranging from neighborhoodto promotional and power centers in Califomia Nevada and New Mexico

Mr Powell is an active member of ICSC Intemational Council of Shopping CentersACRE Association of Corporate Real Estate Executives Califomia BusinessProperties Association and has held leadership positions in each organization Heholds Bachelor of Science degrees in Accounting and Real Estate from Cal Poly inPomona He is a licensed Califomia Real Estate Broker

Marshall Lichterman

Mr Lichterman is President of Pacific States Commercial Development an affiliate ofMarinita Development Co He has extensive real estate experience that extends over33 years He has been involved with all aspects of brokerage acquisition predevelopment entitlement financing project management governmental liaison fundraising investor relations etc etc He has formed managed and helped secure

funding for Califomia General and Limited Partnerships LLCsbuildtosuits as well asJoint Ventures and business associations of every kind These have inGuded retailcenters industrial buildings corporate headquarter facilities R D business parksoffice buildings HotelMotel properties and a residential condominium project inLaguna Beach California

Mr Lichterman began his extensive career in commercial real estate as an industrialreal estate agent with WHDaum Staff in 1978 then as an investment specialist withIliff Thom Co and finally with Western Pacific Commercial Real Estate which wasowned by Beverly Hills Savings Loan The Board of Directors included Dan Donahue

Tom Schriber ofDonahueSchriber Ranny Draperof Diversified Shopping CentersSteve Hopkins Roger Porter Corey Hanson who represented Daon Corporation JohnPierce of Coldwell Banker and Tony Vtti Esq John Miles Esq of Vitti MilesRobinson He was responsible in part for over 3 million square feet of leases and salesof various commercial and investment properties His current responsibilities withMarinita inGude new business development project management and providing predevelopment and entitlement services as a ValueAdded program for property owners

Mr Lichterman is currently active with ICSC International Council of ShoppingCentersACREAssociation of Corporate Real Estate Executives NAIOP NationalAssociation of Industrial and Office Parks RIAOCC Real Estate InvestmentAssociation of Orange County and other real estate networking groups He holds a

BachelorsDegree in Communications from Cal State University at Los Angeles

Ross Canon

Mr Canon is responsible for project management and financing He has over50 yearsof experience in the related fields of real estate planning development and financing ofcommercial and residential projects throughout Califomia Arizona Colorado Nevadaand Florida Mr Canon has been active as a general contractor and has been licensedin Califomia since 1959

Mr Canon has been associated with Tustin Savings Loan as Vice President in chargeof their loan department Leadership Homes where he was in charge offinancing forseven planned communities and The Mission Viejo Company where he was VicePresident and Director of Special Projects Prior to joining Marinita in 1985 he was

directly responsible for the development of over 50 million of income property forAmerican Diversed Capital Corporation He has been an active member of the HomeBuilders Association in the states of Florida Arizona and Califomia

David B Garrison

Mr Garrison has an extensive background working within the construction and realestate industry and has held Vice President of Construction Design for firms such asWorld Premier Investments Hopkins Development Co and Pacific Rim DevelopmentformerlyWRGrace Development Mr Garrison has successfully completed projectsin California Nevada Illinois Oregon Washington and New Mexico Mr Garrison hasbeen a licensed General Contractor in the State of Califomia since 1990

Mr Garrison works Gosely with the legal staff in developing all documentation forescrows development agreements and CCRsHe handles governmental liaison andentitlement requirements for Marinitasdevelopments including all public hearings Healso oversees all design and construction activities which inGude negotiating contractsand scope of work for all construction professional consultants and inhousesuperintendents

Completed Company Projects

Location Leasable Areain S ware Feet

Project Description

Las Vegas NV Scott Industrial Center 43050 Industrial Center

Las Vegas NV Scott Industrial Center 2 41700 Industrial Center

Las Vegas NV Rainbow Plaza 13815 Retail Center

Las Vegas NV Parkway Plaza 80568 Albertsons Center

Las Vegas NV Canyon Lakes Plaza 117240 Albertsons Sav0nCenter

Las Vegas NV North Ranch Plaza 110097 Albertsons Payless Drug Center

Las Vegas NV Windmill Valley Plaza 79344 Albertsons Center

Palmdale CA Palmdale Plaza 95138 Lucky SavOn Center

Riverside CA Van Buren 17535 Retail Center

Huntington Beach CA Huntington ValleyIndustrial Center

44000 Industrial Center

Huntington Beach CA Scott Center 14000 Retail Center

Huntington Beach CA Sterling Center 10000 Retail Center

Westminster CA Scott Center 2 13000 Retail Center

Westminster CA Crossroads Center 10000 Retail Center

Newport Beach CA University Ind Center 51000 Industrial Center

Bermuda Dunes CA Washington Square 150000 Ralphs Home Goods Walgreens

Dana Point CA Marinita Homes 77 Homes Single Family ProjectDana Point CA MarinitaTownhomes 118 Homes Town Home Project

El Plaza Real 8000 Retail Center

Northridge CA Balboa Village 187 Homes Town Home Project

La Habra CA Stone Harbor 78 Homes Condominium ProjectCorona CA Contadora Apartments 102 Units Apartment ProjectColton CAComfort Inn 152 Rooms Hotel Project

Loma Linda CALawson 93 Lots Residential Subdivision

Loma Linda CA Whittier 76 Lots Residential Subdivision

Murrieta CA Magnolia 91 Lots Residential Subdivision

Murrieta CA Washington 377 Lots Residential Subdivision

Palmdale CA Palmdale Industrial 70000 Industrial Center

Hemet CA State Acacia 30000 Retail Center

Completed by Other Team Members

Location Leasable Areain S ware Feet

Project Description

NEC Craig RoadCamino AINorte NV 140494 Site Shops Anchor

SEC Tropicana Avenue Jones Blvd NV 91844 Site Shops Anchor

NWC Eastern Avenue Warmsprings Road NV 185355 Shops Anchor

NWC Lake Mead Jones NV 113123 Site Shops Anchor

SWC Rio Rancho Road Ridgecrest Drive NM 94378 Site Shops Anchor

NWC Amethyst Road Bear Valley Rd CA 101737 Site Shops Anchor

NWC Nellis Blvd Vegas Valley DrNV 134981 Site Shops Anchor

SWC San Marcos Rancho Santa Fe CA 81682 Site Shops Anchor

Various Locations 16 Fast Food Master

Franchise Chicago IL

850 each Build Own Operate Franchise

Hollywood Lake Mead NV 90000 Site Shops Anchor

Vallecitos Center CA 200000 Site Shops Anchor

Las Cruces NV 100000 Site Shops Anchor

Pahrump NV 143286 Site Shops Anchors

Stoney Island Plaza IL 200000 Site Shops Anchor

Challenger Square CA 100000 Site Shops Anchor

Spring Mountain Jones NV 38100 Site

Owens and Pecos NV 56000 Site ShopsAnn DecaturNV 38100 Site

The Marketplace At San Ramon CA 200000 Site Shops Pads Anchors

Gateway Squaze CA 88300 Site Shops Pads

Charter Square CA 73000 Site Shops Anchors

Warm Springs Plaza CA 141500 Site Shops Anchors

The Cross Roads CA 230000 Site Shops Anchors

Shasta Crossings CA 330000 Site Shops Anchors

Town Centre OR 103000 Site Shops Anchors

Growers Square CA 183000 Office Towers 2 ParkingStructure Retail

Camino Canyon Corporate Plaza 95000 OfEce Tower Site Pads

NEC Main Pazkridge CA 110000 Site Shops Anchors

SWC Brea Canyon Road Colima Road CA 90000 Site Shops Anchors

SEC Second Broadway Ca 12500 Site ShopsSWC Ants AnitaAve Garvey Ave CA 24000 Site Shops

Location Leasable Areain S ware Feet

Project Description

NWC EI Norte Pkwy North Broadway Ca 15500 Site Shops Pads

NEC Foothill Blvd Sienra Ave CA 105000 Site Shops Anchors

SWC Bolsa Chica Edinger Ave CA 8500 Site ShopsNWC Slauson Ave Santa Fe Ave CA 12400 Site ShopsSWC Harbor Blvd Imperial Hwy CA 25000 Site Shops Pads

SWC Harbor Blvd La Habra Blvd CA 15500 Site ShopsNEC University Ave 70 Street Ca 7500 Site Shops Pad

NWC La Palma Ave Valley View Street CA 14500 Site Shops Pads

SWCAtlantic Blvd Slauson Ave CA 10400 Site ShopsSEC State Hwy 14 and 58 CA 112500 Site Shops Anchors

NEC Firestone Blvd Pioneer Blvd CA 8450 Site ShopsNWC Oxnard Blvd Citrus Grove Lane Ca 85200 Site ShopsNWC Slauson Ave Parsons Blvd CA 4900 Site ShopsSWC Sweetwater Springs Blvd Austin RdCA

85000 Site Shops Anchors Pads

SEC Merrill Street Riverside CA 54000 Site Shops Anchors

NEC Norma Street Drummond Ave CA 87000 Site Shops Anchors

SWC Arlington Ave Van Buren Blvd CA 78400 Site Shops Anchors Pads

SWC Douglas Blvd Harding Bivd CA 4500 Site Shops Pad

SWC Arden Way Bell Ave CA 5700 Site ShopsSEC Madison College Oak Dr CA 6300 Site ShopsSWC Watt Ellchorn Blvd CA 85500 Site Shops Anchors Pads

NWC McKee Rd Jackson Ave CA 6500 Site Shops Pad

NWC Mission Rd Bennett Ave CA 89500 Site Shops Anchors Pads

NEC 17 Street Fairview St Ca 73000 Site Shops Pad

NWC Edinger Pacific Ave CA 4900 Site ShopsSWC 1 StreetNorthGrand Ave CA 8700 Site ShopsSEC Harbor Blvd Westminister CA 5600 Site ShopsSEC Cerritos Western Ave CA 7300 Site Shops Pad

SEC Katella Ave Western Ave CA 4500 Site ShopsNEC Melrose Ave West Vista Way CA 7400 Site Shops Pads

NWC WestminsterAve Newland St CA 5350 Site Shops13 Corporate Plaza CA 25000 Office Site

1400 Quail Place CA 15500 Office Site

17595 Almhurst Street CA 20000 Office Site

8080 Dagget Street CA 18000 Office Site

Location Leasable Area

in S ware FeetProject Description

San Bruno Town Center CA 320000 Costco Alpha Beta Combo

RDA

Bayview Towers Newport Beach CA 300000 Downey Savings HeadquartersCudahy Village Cudahy CA 80000 Vons RDA

Story White Plaza San Jose CA 150000 Lucky Payless DrugSanta Rosa CA 170000 Promotional Center

Palm Desert CA 220000 Promotional Center

Kingman AZ 200000 Walmart

Centre on Seventeenth Santa Ana CA 215000 Lucky Staples Ross Petsmart

Santa Clarita CA 80000 Ralphs SavOn

Boulder Crossing Las Vegas NV 150000 LuckyHorizon Pointe Henderson NV 170000 Lucky SavOn

Stephanie Plaza Henderson NV 80000 Albertsons

College Plaza Henderson NV 80000 Albertsons

Albuquerque NM 45000 Staples

Flamingo Promenade Las Vegas NV 110000 Albertsons LaZ Boy and

residential

Pecos Plaza Las Vegas NV 85000 Albertsons

Ft Apache Pointe Las Vegas NV 80000 Albertsons

Parkview Palms Apts Riverside CA 52 Units Rehab apartment projectGrande Flamingo Las Vegas NV 420000 Entertainment and mixed use

includin residential5 Street Promenade North Las Vegas NV 200000 Planning in process

River Ridge Los Angeles CA 1200000 Mixed use entertainmentresidential

Current Company Projects

Location Leasable Areain S ware Feet

Project DescriptionIndio CA Golf Center Square 17000 Retail CenterLa Quints CA Jefferson Squaze 102000 Supermarket Drug Mixed Use

San Diego CA Market 26 Streets 60000 Mixed UseNorth Las Vegas NV Dowell Commons 475000 Mixed Use

Las Vegas NV Shops on Tenaya 14000 Retail

Riverside CA The Village at 5 Points 145000 Mixed Use

Las Vegas NV Charleston Plaza 6100 Retail CenterLake Elsinore CA Lake Street Plaza 41000 Retail Center

Riverside CA Orangecrest Centre 30000 Retail CenterDesert Hot Springs CA Palms on Dillon 570000 Mixed Use

Lancaster CA College Plaza 40000 Retail Center

Riverside CAVanWoodPlaza 40000 Retail Center