the madison -- orlando, florida -- real estate investment marketing

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ORLANDO,FLORIDA Invest. Relax. Grow. Absolutely Effortless Ownership™ Exclusively Offered by an Affiliate of

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Introducing an all inclusive corporate lease condominium development in Orlando, Florida, with a 7 year rental payment guarantee.

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Page 1: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

ORLANDO,FLORIDA Invest. Relax. Grow.Absolutely Effortless Ownership™

Exclusively Offered by an Affiliate of

Page 2: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

elcome to the Madison at

Metrowest, WaldenPacific’s latest

opportunity for the smart real estate investor.

The Madison is a luxury condominium

development located in Orlando, the center

of Florida’s burgeoning entertainment and

commercial industry. We have especially

selected this property because it exceeds

WaldenPacific’s high standards for

absolutely effortless ownership.

• Ultra-Prime Location – Near Everything

• Affordable Luxury Housing for Families

• Property Value Outlook

• Marketability to First Class Renters

© WaldenPacific™ Property Trust 2007 Confidential 2

Page 3: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

© WaldenPacific™ Property Trust 2007 Confidential

~ Orlando Business Journal, March 30, 2007

Prime Orlando Real Estate from $210,000

Invest. Relax. Acquire.Absolutely Effortless Ownership™

3

“[In 2007] OrlandO ranks In the tOp 10 cItIes fOr real estate Investments.”

Page 4: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

THE IDEAL CORPORATE TENANT ™Invest. Relax. Assurance.

Never receIve a Late reNt PaymeNt... ...ever !

Invest in a Condominium and

© WaldenPacific™ Property Trust 2007 Confidential

Backed by Up to $50,000 Platinum Promise7

1

4

1, 7 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

Page 5: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

TABLE OF CONTENTS

An Overview of Effortless Ownership 6

The $50,000 Platinum Promise 8

Pricing, HOA and Rental Income 11

All-Inclusive Corporate Lease Programs 12

Why Invest in Real Estate Now? 20

The Property – Madison at Metrowest 21

Location – At the Center of Everything, From Disney to Downtown 26

The Absolutely Effortless Ownership™ Program 27

About WaldenPacific 33

Site Map and Floor Plans 34

Footnotes and Legal Notices 41

© WaldenPacific™ Property Trust 2007 Confidential

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Invest. Relax. Explore.Effortless Real Estate Ownership

Page 6: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

WaldenPacific’s signature All-Inclusive Corporate Lease2 program eliminates the hassles and headaches of real estate investing. The entire operation, from securing occupants, handling rent payments, property maintenance, repairs, etc., is taken care of by our professional, on-site management team. When you invest in a WaldenPacific™ property, you receive your rents on-time, every month, and our Personal Investor Concierge is always available to answer any questions you may have. Your property is maintained, cared for and looked after to the high standards you expect. WaldenPacific™ is the most highly sought after real estate marketing and corporate leasing organization in the country; we become your Ideal Corporate Tenant2.2 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

maintain your Lifestyle While We Handle the Headaches An Overview of Effortless Ownership

© WaldenPacific™ Property Trust 2007 Confidential 6

Page 7: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

you oWN tHe ProPerty; Just gIve us tHe KeysNo Rent Collection Required For Up to 7 Full Years!The program you are about to see is unique in the industry. Effortless ownership is simple and easy to

activate, bypassing the headaches that are the norm for property investments.

No more leasiNg problems:

•No sleepless nights

•No landlord headaches

•No tenant-occupant contact required

WaldeNpacificTm is The ideal corporaTe TeNaNTTm:

•We pamper the tenant-occupants and the property

•We pay your rent on-time, every month for up to 7 full years

•We handle everything, so you don’t have to

•THE PLATINUM PROMISE7: If you receive even one single late rent payment, during

the 7 years, your Up to $50,000 Cash Advance Credit Line5 principal is paid in full

by WaldenPacific™ at the end of the All-Inclusive Corporate Lease2.

At The Madison at Metrowest, every unit automatically includes the up to 7 Years All-Inclusive

Corporate Lease2. Simply sign the lease after purchase and give us the keys. We’ll handle the rest.

WaldenPacific™ is America’s pioneer and foremost leader in providing real estate investors, second

home and international buyers with the Absolutely Effortless Ownership™ experience.

Invest. Relax. Breathe.Now that’s worry-free ownership!

© WaldenPacific™ Property Trust 2007 Confidential 7

2, 5, 7 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

Page 8: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

tHe $50,000 PLatINum PromIse

Up To 7 Years coverage WaldenPacific™ delivers what is promised:

•On-time rental payments

•Every month for up to 7 years

•Automatic deposit to your account

The $50,000 Platinum Promise7:

If you receive even one single late rent payment during your All-Inclusive Corporate Lease2 (up to 7 years),

WaldenPacific™ will pay off the principal on your Cash Advance Credit Line5 at the end of the All-Inclusive

Corporate Lease2. We back up our promise to deliver your rent check on-time, every time with up to $50,000!

2, 5, 7 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

Never Receive a Late Rent Payment

7

© WaldenPacific™ Property Trust 2007 Confidential

Invest. relax. Have Peace of mind.

8

5

Page 9: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Fields of GreenJust Outside the Door

One of the keys to high appraisal of any property is features that enhance its appeal. At The Madison one of the most prestigious golf courses in the area is just outside the door, increasing both allure and marketability.

tHe $50,000 PLatINum PromIse

Invest. Relax. Indulge.Absolutely Effortless Ownership™

© WaldenPacific™ Property Trust 2007 Confidential 9

Page 10: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

HoW It WorKsWaldenPacific is the Ideal Corporate Tenant

© WaldenPacific™ Property Trust 2007 Confidential 10

™ ™

Invest. Relax. It’s Simple.Absolutely Effortless Ownership™

WaldenPacificTM -“the best in the country,”as stated by many of the nation’s top

Realtors®, mortgage lending banksand real estate developers.

Remember the adage about “opportunity knocking”? Here’s where you open the door, because WaldenPacific™ will reward you with our All-Inclusive Corporate Lease2 program, backed by the Up to $50,000 Platinum Promise7. We take the effort out of your property investment portfolio and all you have to do is:

Step 1: Purchase a condominium at The Madison at Metrowest.

Step 2: You have immediate access to the optional, Up to $50,000 Cash Advance Credit Line5 by Wachovia Bank at only 5.99% interest5. Step 3: Sign the All-Inclusive Corporate Lease and allow WaldenPacific™ to become your ONLY tenant for up to 7 years and we will send your monthly rent check on-time, every month whether the unit is rented or vacant, or the occupant is current or delinquent.

Step 4: Join the WaldenPacific Platinum Insider Program (see pages 15 and 16 for details) and if you receive even one single late rent check during the up to 7 year All-Inclusive Corporate Lease2, your Up to $50,000 Cash Advance Credit Line5 principal is paid in full by WaldenPacific™ at the end of the All-Inclusive Corporate Lease2.

Step 5: WaldenPacific™ becomes your personal on-site professional property manager and manages your property and handles the tenant-occupant living in the unit for the term of the All-Inclusive Corporate Lease2 -- up to 7 full years.

Step 6: Every month, WaldenPacific™ sends you a scheduled monthly rent check whether the unit is rented or vacant or if the tenant-occupant is current or delinquent.

Step 7: Activate the required Mortgage Auto-Pay8 service and all of your monthly mortgage payments will be paid automatically, on-time. (See page 17 for details.)

Step 8: Enroll in the on-site re-sale program, and if you decide to re-sell your Madison property within 7 years, or purchase any other WaldenPacific property within 5 years, WaldenPacific will pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2. This offer is only made available if you purchase another property or re-sell your Madison property with your same WaldenPacific preferred Realtor. (See page 15 and 16 for details.)

2, 5, 7, 8 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

Page 11: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

a-azaLea 1/1 674 $150.15 $791.35 $210,000

B-cameLIa 1/1 852 $189.82 $808.01 $240,000

c-gardeNIa 2/1 933 $207.85 $912.14 $255,000

d-JasmINe 2/2 1150 $256.19 $1,020.43 $305,000

e-rose 3/2 1295 $288.50 $1,162.04 $315,000

F-vIoLet 2/2 1014 $225.90 $1,003.77 $297,000

PLatINum INsIder PrIcINg

ENHANCE YOUR INvESTMENT PORTFOLIO WITH PREMIER WALDENPACIFIC PROPERTIES (Complete Floor Plans Available in Rear of Brochure)

Floor Plans Bed / Bath

approxsq. Ft.

Hoadues

monthy rental Income

startingPrice

© WaldenPacific™ Property Trust 2007 Confidential 11

Prices and Monthly Rental Income amounts are subject to change without notice. See pages 41 and 42 for program details as certain restrictions apply.

Page 12: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

a

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all-iNclUsive corporaTe lease “a” The Platinum Insider Program7

•Cash Advance up to $50,000! •7 Years Corporate Tenant Lease •Low Money Down3

•7 Years Professional Property Management Provided •7 Years Personal Investor Concierge •1 Year Home Warranty

all-iNclUsive corporaTe lease “b” The Bulk Purchase Program •15% Bulk Purchase Discount6

•4 Years Corporate Tenant Lease •4 Years Professional Property Management Provided •4 Years Personal Investor Concierge

preferred leNdiNg affiliaTesWaldenPacific™ aligns with some of the nation’s largest banks to approve these signature effortless ownership programs. These banks have already reviewed and approved all WaldenPacific™ programs and are ready to finance your purchase at The Madison in less than 30 days.

2, 3, 6, 7 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

•Chase Home Finance•First Trust Capital•SunTrust•Wachovia Bank•Wells Fargo

© WaldenPacific™ Property Trust 2007 Confidential

All-Inclusive Corporate Lease Comparison 2

Invest. Relax. Select.

12

Page 13: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

all-iNclUsive corporaTe lease “a”The Platinum Insider Program7

cash advaNce Up To $50,000! • Buyer has immediate access to up to $50,000 Cash Advance Credit Line5 by Wachovia Bank (or other issuing

bank) at only 5.99% interest5 with Visa® card5 and check writing privileges - available for Mortgage Auto-Pay8, buyer cash-flow, etc.

• No principal payments due on the Cash Advance Credit Line5 until you sell the property (maximum 7 years)

• Available for all buyers, including international buyers.

• The plaTiNUm promise7 : Become a WaldenPacific™ Platinum Insider and your up to $50,000 Cash Advance Credit Line5 principal will be paid in full by WaldenPacific™ at the end of the All-Inclusive Corporate Lease2. (See

pages 15 and 16 for details).

7 Years corporaTe TeNaNT lease • Worry-free Rental Income: WaldenPacific™ IS THE IDEAL CORPORATE TENANT™ and will automatically pay the monthly rent;

on-time and every time for a period of 7 full years regardless if the unit is vacant or occupied or if the occupant is current or

delinquent. Actual occupant rents are assigned to WaldenPacific. See the monthly rental income schedule on page 11. • The plaTiNUm promise7 : If you receive even one single late rent payment, your up to $50,000 Cash Advance Credit Line5 principal will be paid in full by WaldenPacific™ at the end of the All-Inclusive Corporate Lease2. (See

pages 15 and 16 for details).

loW moNeY doWN3

• Your down payment will be matched at closing – dollar for dollar – up to $10,000 (given as a maximum lender allowable credit for

closing costs). • In addition, the 1.75% developer fee is waived! (For Platinum Insiders Only!)

7 Years professioNal properTY maNagemeNT provided • WaldenPacific™ is your property management partner and will take care of absolutely everything! No occupant hassles or

headaches. Absolutely Effortless Ownership™ for 7 full years. Only $100 per month. MANDATORY. (See Property Management

details on page 30.)

7 Years persoNal iNvesTor coNcierge • One call, it’s that easy! Let the WaldenPacific™ Personal Concierge handle all the details of ownership for you for 7 full years. (See

Personal Investor Concierge details on page 31.)

1 Year free home WarraNTY – reNeWable aNNUallY aT The bUYer’s expeNse.2, 3, 5, 7, 8 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

a

© WaldenPacific™ Property Trust 2007 Confidential

Corporate Lease a 2

Invest. Relax. It’s Included.

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Page 14: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

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Corporate Lease B 2

Invest. Relax. Capitalize.

© WaldenPacific™ Property Trust 2007 Confidential

all-iNclUsive corporaTe lease “b”The Bulk Purchase Program

15% bUlk pUrchase discoUNT crediT6

• Purchase 5 units or more and receive a 15% bulk purchase discount credit on the HUD-1 Settlement Statement at time of closing as

fully disclosed to the lender.

• Sorry, no Cash Advance Credit Line5 available with this package.

4 Years corporaTe TeNaNT lease • Worry-free Rental Income: WaldenPacific™ IS THE IDEAL CORPORATE TENANT™ and will automatically pay the monthly rent;

on-time and every time for a period of 4 full years regardless if the unit is vacant or occupied or if the occupant is current or

delinquent. Actual occupant rents are assigned to WaldenPacific. (See the monthly rental income schedule on page 11.)

4 Years professioNal properTY maNagemeNT provided • WaldenPacific™ is your property management partner and will take care of absolutely everything! No occupant hassles or

headaches. Absolutely Effortless Ownership™ for 4 full years. Only $100 per month. MANDATORY. (See Property Management details

on page 30.)

4 Years persoNal iNvesTor coNcierge • One call, it’s that easy! Let the WaldenPacific™ Personal Concierge handle all the details of ownership for you for 4 full years. (See

Personal Concierge details on page 31.)

2, 5, 6 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

© WaldenPacific™ Property Trust 2007 Confidential 14

Page 15: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

© WaldenPacific™ Property Trust 2007 Confidential

What is the Platinum Insider Program? Peace of Mind for Investors. Step into the investor’s inner circle with The Platinum Insider Program7 by WaldenPacific™ and if you receive even one single

late rent payment during the term of your All-Inclusive Corporate Lease2, WaldenPacific™ will accept the responsibility and

assume the full legal obligation to pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate

Lease2.

The plaTiNUm promises7

1. WaldenPacific™ always delivers what is promised.

2. You will receive your monthly rent, on-time for up to 7 full years.

3. If you receive even one single late rent payment, your up to $50,000 Cash Advance Credit Line5 principal will be paid in full by WaldenPacific™ at the end of the All-Inclusive Corporate Lease2.

4. Enroll in the WaldenPacificTM on-site re-sale program, and if you decide to re-sell your Madison property within 7 years, or purchase any other WaldenPacificTM property within 5 years, WaldenPacificTM will pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2. This offer is only made available when you purchase future WaldenPacificTM properties or re-sell your Madison properties with your same WaldenPacificTM preferred Realtor.

The Platinum Insider Program7 takes the stellar benefits of WaldenPacific’s signature All-Inclusive Corporate Lease2 programs

and backs them with the $50,000 Platinum Promise7. Platinum Insiders have access to the all-new Mortgage Auto-Pay8

Service, get the first look at new properties and programs, have VIP status at all WaldenPacificTM events and WaldenPacific™

may even pay off the Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2.

15

Exclusively Offered by an Affiliate of

Page 16: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

It’s Easy to Become a Platinum Insider TWo WaYs TO BECOME A WALDENPACIFIC™ PLATINUM INSIDER:

plaTiNUm oNe: 1. Simply pay the $99 annual Platinum Insider fee AND

2. If you select the optional Cash Advance Credit Line5, complete the enrollment paperwork and activate the mandatory Mortgage Auto-Pay8 service AND

3. Enroll in the WaldenPacificTM on-site re-sale program, and if you decide to re-sell your Madison property within 7 years, WaldenPacificTM will pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2. This offer is only made available if you re-sell your Madison properties with your same WaldenPacificTM preferred Realtor®. AND

4. Give a WaldenPacific™ Preferred Lending affiliate the opportunity to match or beat any offer for all of your personal or investment mortgage lending needs within 7 years (including refinance).

plaTiNUm TWo: 1. Simply pay the $99 annual Platinum Insider fee AND

2. If you select the optional Cash Advance Credit Line5, complete the enrollment paperwork and activate the mandatory Mortgage Auto-Pay8 service AND

3. Purchase another WaldenPacific™ property within 5 years. This offer is only made available if you purchase another WaldenPacificTM property using your same WaldenPacificTM preferred Realtor®.

The plaTiNUm promise7: WaldenPacificTM will pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2 if you:

• Receive even one single late rent payment. • Work with your same WaldenPacific™ preferred Realtor® to purchase another WaldenPacific™ property. • Enroll in the WaldenPacificTM on-site re-sale program to sell your Madison property. • Give a WaldenPacificTM Preferred Mortgage Lending Affiliate the opportunity to match or beat any offer for all of your personal home or investment property mortgage financing.

Absolutely Effortless Ownership™

© WaldenPacific™ Property Trust 2007 Confidential 16

Invest. Relax. Join.

Page 17: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

mortgage auto-Pay Program As a Platinum Insider, if you accept the optional Cash Advance Credit Line5, you are automatically enrolled in the mandatory Mortgage Auto-Pay8 service. Here’s an overview of how it will work, with details available soon:

1. Once your purchase is final and you have signed your All-Inclusive Corporate Lease2, you will complete the Mortgage Auto-Pay8 enrollment packet to identify your lender and the exact amount of your monthly mortgage payment.2. Approximately 50% of your Cash Advance Credit Line5 will be set aside to cover your mortgage auto-payments.3. You will have immediate and direct access to the balance of your Cash Advance Credit Line5 for the life of your All-Inclusive Corporate Lease Program2 – up to 7 full years.4. Wachovia Bank (or issuing bank) will automatically send your mortgage payment from the Cash Advance Credit Line5 set-asides, on-time, every month directly to your mortgage holder (for the first 3 years).5. Your monthly rental income check will go directly to Wachovia Bank (or issuing bank) to pay down the Cash Advance Credit Line5 automatically, reducing the Cash Advance Credit Line5 balance owed and any interest you would otherwise have to pay. (You are still required to make HOA payments, property tax payments, repair and maintenance payments on your property.)6. As you approach the end of year 3 of the Mortgage Auto-Pay8 service, your Personal Investor Concierge will contact you to discuss continuing the service.

The plaTiNUm promise7: Enroll in the WaldenPacificTM on-site re-sale program, and if you decide to re-sell your Madison property within 7 years, or purchase any other WaldenPacificTM property within 5 years, WaldenPacificTM will pay off your Cash Advance Credit Line5 principal at the end of the All-Inclusive Corporate Lease2. This offer is only made available when you purchase future WaldenPacificTM properties or re-sell your WaldenPacificTM properties with your same WaldenPacificTM preferred Realtor®.

© WaldenPacific™ Property Trust 2007 Confidential 17

The Ultimate in Absolutely Effortless Ownership™

Absolutely Effortless Ownership™Invest. Relax. Automate.

Page 18: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

The marketability of your investment involves tangibles and intangibles. Ease of rental today to first-class occupants requires an alluring property with the best in amenities. Our professional property managers take pride in creating a refined and desirable environment for residents. With WaldenPacific, your real estate investment is maintained to the highest standards in the industry which maximizes marketability whenever you desire to resell. Backed by the Up to $50,000 Platinum Promise7!

Invest. Relax. Achieve. Absolutely Effortless Ownership by WaldenPacific

© WaldenPacific™ Property Trust 2007 Confidential 7 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

18

™ ™

Page 19: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

gREAT PROPERTY.

gREAT LOCATION.

ORLA

ND

O M

ARkETPLA

CE

© WaldenPacific™ Property Trust 2007 Confidential 19

Page 20: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Knowing exactly when to buy is an intrinsic ability that the most successful investors have developed through years of experience - both good and bad. If you wait to buy when the media tells you the time is right, you’ll be too late. Values could have doubled, seemingly overnight, and it will no longer be a buyer’s market. You’ll see that it’s already become a seller’s frenzy as you’ve seen in the recent real estate boom. Finding a buyer’s market is equivalent to finding that lucrative golden vein in a gold mine.

It’s been said that the time to sell Real Estate is in a booming market and that you only buy real estate in a down market. Obviously in a booming market, prices are high and in a down market, prices are low or seller incentive programs are very aggressive. This is called the law of supply and demand.

Seasoned investors in any business – real estate, stocks, etc., wait until prices are low or when the deal is just right. And the only time prices are low is when there is excess supply. This is usually as a result of some sort of trouble or correction in the marketplace. The rule of thumb is you buy when you are supposed to buy – in a down market.

People who made money in the last real estate boom were not the people who were waiting in line to buy Real Estate (supply was short). The people who made money were the people SELLING to the people waiting in line. The people who were selling

Again, you buy when the price is low or when the deal is sweet – sell when it’s high – SIMPLE! Don’t buy when the media say to buy because by then it is too late and you have already missed out. Insiders buy before the boom happens; everyone knows that the media only reports on current or past events-- during or after the real estate boom, and of course by then it is way too late. This is the situation in Orlando and why you should consider investing now.

Orlando is currently in this desired position and specifically The Madison. After much painstaking research we found the perfect property in an ideal buyer’s market. In a recent article, Orlando was ranked in the top 10 cities for real estate investing (Orlando Business Journal, March 30, 2007). Many real estate professionals believe that Orlando is in a great position for the next real estate boom. The local industry includes some of the heaviest hitters like Disney, Universal and Anheuser Busch. We know that they are there for the duration, as additional major organizations move into Orlando because of the environment, available workforce, liberal tax laws, etc. Virtually every major technology and entertainment corporation is connected to Orlando.

Now is the time to get in at The Madison in Orlando. You’ll be on the ground floor with a great property and a great program in a great city which is experiencing bustling expansion.

“ORLANDO BUCKS HOUSING TREND”

© WaldenPacific™ Property Trust 2007 Confidential

as hOme values shrInk natIOnally fOr a 2nd straIght quarter, the lOcal market sees gaIns. ~ May 3, 2007 The Orlando Sentinel

“orLaNdo BucKsHousINg treNd” Great location, great property.

Invest. Relax. Anticipate.

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~ May 3, 2007 The Orlando Sentinel

Page 21: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

RELAX.

EXPERIENCE.

© WaldenPacific™ Property Trust 2007 Confidential

INVEST.

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Page 22: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

•Breathtaking Panoramic Golf Course Views •Resort Style Pool & Serenity Spa •Lush Tropical Landscaping •24-Hour Secure Gated Access •Private Garages* •Luxurious Clubhouse •Sand Volleyball Court •State-of-the-Art Fitness Center •Billiards Room •Convenient Car Wash Center •Screened Verandas •Outdoor Summer Kitchen •Elegant French Doors •Stately Built-In Wine Racks •Romantic Wood Burning Fireplaces* •Plush Carpeting •Granite Countertops* •Rich Crown Molding •Nine Foot Ceilings •“A” Class Luxury Condominium Community •Ultra Prime Location on the Golf Course •19 Miles from Disney World •4 Miles from Universal Theme Park

*In select units only

Resort Style Features Equate to High Property Appeal

Amenities:

© WaldenPacific™ Property Trust 2007 Confidential 22

Page 23: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Price Range From $210,000

Monthly Rental Income $791 - $1,162

Estimated Monthly Homeowner’s Association Fees $150 - $288

Capital Contribution (start-up fund) 2 Months HOA Fees, due at closing

Construction Completed late 1996

Number of Buildings 16

Stories 3

Number of Units 364

Number of Floor Plans 6

Floor Plan Types 1, 2 and 3 bedroom

Square Footage per Unit 674 – 1,295

Golf Course Metrowest Country Club

Garages Detached

Elevators or Stairs Stairs

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What Makes This Property So Special? specificaTioNs Below are the details for this carefully selected WaldenPacific™ property designed to enhance your real estate portfolio. Six floor plans are available to accommodate your taste.

( 227 ac r e , 18 -ho l e cou rse )

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© WaldenPacific™ Property Trust 2007 Confidential 23

Page 24: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

KNoW BeFore you Buy…

Do not take our word for it or for that matter anyone else’s word. Below you will find a comparative marketing analysis that demonstrates the high intrinsic value of The Madison in comparison to other local properties.

Comparative Marketing Analysis

Property Name unit sq. Ft. start date Hoa Feesunit Price

toFrom average

Madison at Metrowest 1995 364 1--1 654-854 $210,900 $255,900 $233,400 Aug-05 $0.22 sq ft2510 Robert Trent Jones Dr. 2--1 933 $251,900 $274,900 $263,400Orlando, Florida 32835 2--2 1042-1150 $286,900 $334,900 $310,900 3--2 1295 $311,900 $356,900 $334,400

yearBuilt

No.units

unit type

Bermuda Dunes at Metrowest 1997 337 1--1 665-842 $230,800 $296,000 $263,400 Nov-05 $0.31 sq ft7380 Westpointe Blvd. 2--1 1021 $306,000 $352,000 $329,000Orlando, Florida 32835 2--2 1072-1133 $326,000 $385,000 $355,500 3--2 1423 $368,000 $417,000 $392,500

Grand Reserve 2000 390 1--1 777 $240,900 $240,900 Dec-05 $0.26 sq ft3301 S kirkman Rd. 2--1 970 $280,900 $280,900Orlando, Florida 32811 2--2 1037-1105 $290,900 $320,000 $305,450 3--2 1327-1667 $360,900 $400,000 $380,450 4--2 1610 $390,900 $390,900

Plantation Park 1997 320 1--1 661-949 $263,900 $287,900 $244,250 Sept-05 $0.24 sq ft6001 Raleigh St. 2--2 1069-1209 $311,900 $366,900Orlando, Florida 32835 3--2 1289-1400 $387,500 $420,000 $244,250

© WaldenPacific™ Property Trust 2007 Confidential 24

Absolutely Effortless Ownership™Invest. Relax. Compare.

As of first quarter 2007.

Page 25: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Less Than an Hour to the Atlantic Coast

St. Augustine, America’s Oldest City

Beautiful Sweep of the Gulf Coast With Charming Towns and Villages

Ocala National Forest, Fishing, Camping, Hiking

The Space Coast - Cape Canaveral

Sebring International Raceway

PGA Headquarters and History Museum

ONE DAY, ONE TANk, COUNTLESS FLORIDA ADvENTURES

Invest. Relax. Enjoy.Absolutely Effortless Ownership™

© WaldenPacific™ Property Trust 2007 Confidential 25

Page 26: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

shoppiNg

Belz Factory Outlet 5.43 miles Church Street Station 5.66 miles Festival Bay 5.43 miles Mall at Millenia 4.03 miles Mercado 5.12 miles

golfiNg Metro West Golf Club 0.70 miles Eagle Pine Golf Course 10.86 miles Magnolia Golf Course 10.86 miles Oak Trail Golf Course 10.86 miles Osprey Golf Course 10.86 miles diNiNg Hard Rock Cafe 0.13 miles Metro Bar & Grill 0.47 miles

parks Disney 18.71 miles Epcot 7.87 miles Islands Of Adventure 4.03 miles Universal Theme Park 4.00 miles Universal Studios CityWalk 3.70 miles Wet n’ Wild 4.64 miles

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Kissimee Airport

easT WesT expWY

beach liNe expWY

greeNWaY expWY

sand lake rd.

Old Winter Garden Rd

Orlando International Airport

DowntownOrlando

Cypress CreekCounty Club

Metrowest Blvd.

Metrowest County Club

Kir

kman

Rd.

Disney World ®

Isleworth Golf Country Club Orange Tree

Coutry Club

Universal Studios ®

CityWalk ®Islands of Adventure ®

Wet n’ Wild ®

Ripley’s ®

Discovery Cove ®Sea World ®

Epcot ®

Downtown Disney®

Cirque du Soleil®

MGM Studios ®

Disney Quest®

Oceola Pkwy

S. H

iaw

asse

e R

d

S. A

popk

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nd R

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Inte

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Florida’sTurnpike

Florida’sTurnpike

408408

528

417

4

Close to Everything, From Disney to Downtown

This bustling metropolis is home to cultural centers, malls and tons of

recreational activities. With easy access to job centers and convenient to all

major thoroughfares, The Madison at MetroWest allows you to enjoy all the

city has to offer. It’s Central Florida living at its finest and it is waiting for you.

.................................................................. ............................................................... ................................................................. .................................................................. .....................................................................

........................................................................... ........................................................................

......................................................................................... .......................................................................................... ................................................................... ................................................................. ......................................................... .................................................................................

© WaldenPacific™ Property Trust 2007 Confidential 26

Page 27: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Oceola Pkwy

RELAX.

CONQUER.

© WaldenPacific™ Property Trust 2007 Confidential

INVEST.

tHe aBsoLuteLy eFFortLess oWNersHIP Program ™

27

Page 28: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

PUT YOUR MIND AT EASE With Our Absolutely Effortless Ownership Program™

There is nothing better for peace of mind than WaldenPacific’s Absolutely Effortless Ownership™

Program. It is the perfect addition for real estate investors, second home and international buyers.

We know that your chief concern is the problems and headaches connected to managing your

property including maintenance, repairs, occupancy and rent collections or delinquencies. That

is why we took the effort out of property ownership with our program. You can be assured that

WaldenPacific™ is the best in the world at delivering effortless ownersip and is ready to satisfy

your needs with:

•Assured monthly rental income, even if the condo unit is vacant or the tenant-

occupant is delinquent with payments.

•Direct deposit of rental income

•Tenant-occupant screening and approvals

•Tenant-occupant management (payments, collections, delinquencies)

•Annual rent adjustment to market values

•On-site property management that handles routine maintenance and repairs (During

the program the owner is still responsible for the costs of ownership such as

repairs, maintenance and the cost of making a vacant unit ready for a new tenant-

occupant. The owner is notified of costs incurred and the costs are deducted from

the monthly rental income.)

Buy and Hold For Up to 7 Full Years Without Worry

© WaldenPacific™ Property Trust 2007 Confidential 28

Page 29: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

11

WaldenPacific delivers the benefits of effortless ownership and increased peace of mind over time to you -- our valued investor. Whether you plan on living at The Madison or leasing the residence, we provide the finest in living and therefore ownership experience. From landscaping to overall daily maintenance, from the first look, The Madison is a premier property that portrays the ultimate in residence and investment. First class facilities from golf to volleyball to swimming and our state-of-the-art fitness room contribute to the allure and appeal of your Madison investment. WaldenPacific is highly regarded and commonly known throughout the industry as the best in America for real estate marketing and effortless ownership programs for investors and second home buyers.

We Handle The PropertySo You Don’t Have To

© WaldenPacific™ Property Trust 2007 Confidential

Invest. Relax. Outsource.Absolutely Effortless Ownership™

29

Page 30: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

No Occupant Hassles or Communications Required

Every property under the WaldenPacific™ banner receives the utmost in care and maintenance. Our on-site property managers are true professionals that are rigorously trained to provide the highest levels of service and individual attention. WaldenPacific™ will always self-manage the property and NEVER outsource to a property management company.

Our property professionals handle everything including tenant-occupant communications and coordination of maintenance and repairs. As your property management partner, WaldenPacific™ is involved in the property with you, for the entire life of your All-Inclusive Corporate Lease2 program. We understand the value of your real estate investment and are here to protect your property assets at every turn. Professional property management plus assured rental income is always included in the All-Inclusive Corporate Lease2 offered by WaldenPacific™.

As the owner you are responsible for the actual day-to-day costs and expenses for your property. This would include but is not limited to repairs, vacant unit turnkey and preventative maintenance. Costs incurred are deducted from your monthly rental payments. WaldenPacific provides the best possible craftsmanship at the lowest possible price because we have our own on-site maintenance team and you will receive a full, detailed, itemized statement of all costs. The Hassle-Free Property Management Program™ included in the All-Inclusive Corporate Lease2

requires a one-time setup fee of $299. This is deducted from your first month’s rent payment. $100 monthly management fee will automatically be deducted from your monthly rental income for property management services. Property management is a mandatory service required in conjunction with the Absolutely Effortless Ownership™ Program.

2 - Please see program details and requirements on pages 41 and 42 as certain restrictions apply.

HASSLE-FREE PROPERTY MANAGEMENT

© WaldenPacific™ Property Trust 2007 Confidential 30

Page 31: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

We Handle the Details So You Don’t Have To

As one of our appreciated owners, you are assigned a Personal Concierge to help you coordinate every aspect of your real estate investment throughout the life of your All-Inclusive Corporate Lease program. Our Concierge staff are readily available to answer any questions you might have about ownership. They are skilled experts and fully knowledgeable in all facets of existing and new WaldenPacific™ programs.

•Do you need a copy of your Homeowners Association (HOA) insurance policy?

•Do you need a copy of your purchase documents or an annual rental income statement for a tax return?

•Are you ready to receive your WaldenPacific™ rent payment by auto deposit, but don’t know what to do?

Just one phone call or e-mail to your WaldenPacific™ Personal Concierge and all your questions will be answered and tasks handled in a sincerely friendly, helpful manner. Your professional Concierge is another key to absolutely effortless ownership.

WE PAMPER OUR OWNERS

One Call Does It All.

© WaldenPacific™ Property Trust 2007 Confidential

Absolutely Effortless Ownership™

31

Invest. Relax. Be Spoiled.

Page 32: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

FINDING THE BALANCEThe WaldenPacific Way

Financial advisors will tell you that there are many pitfalls to buying and holding residential real estate, primarily maintenance and tenant uncertainty. This is why most sophisticated institutional investors prefer commercial real estate, because the tenants are: 1.) Stable 2.) Long-term 3.) Relatively aggravation freeBut there are intrinsic problems in commercial real estate as well because there is always a lag and extensive delays in attaining business tenants. Extended vacancies in commerical properties create major negative cash flow issues, and this of course is prohibitive for the small, individual investor. On the other hand, residential real estate is very easy to rent. You lose a tenant today but you replace them with someone else tomorrow, vacancies are low. But here you have heavy property management headaches and of course much greater risk of tenant delinquencies.

Our Effortless Ownership Program delivers the perfect balance between the two!

We utilize the philosophy of commercial real estate, mix it with the strategies of institutional grade investors who buy entire apartment complexes, and package it so that it can be enjoyed by any investor, whether large or small. It is a hybrid between the two. We deliver the benefits of headache-free commercial real estate investing by becoming your ideal corporate tenant who is leasing your residential property. The WaldenPacific Effortless Ownership Program -- the All-Inclusive Corporate Lease. WaldenPacific deals with the headaches and aggravation and you, the owner, do not have to worry about a thing.

© WaldenPacific™ Property Trust 2007 Confidential 32

Absolutely Effortless Ownership™Invest. Relax. Be happy.

Commercial Versus Residential Real Estate

Page 33: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

With more than 50 years of combined experience in the real estate marketplace, the Principals of WaldenPacific™ are considered to be pioneers and innovators in the real estate investment industry. WaldenPacificTM is a nationally recognized organization with an infrastructure of over 27 different divisions and departments and a sales force spanning the globe. We are hired by the nation’s largest real estate developers and financial institutions and recognized as the industry’s most ground-breaking professionals in delivering programs to the individual investor.

In 2006, WaldenPacific™ outperformed virtually every real estate sales and marketing organization in America. Properties actually sold faster, (by a ratio of more than 20 to 1) than those of our leading competitors; an unprecedented accomplishment!

WaldenPacific’s success is due to our ability to provide investors and second home buyers with the opportunity to get in on ground floor investment opportunities. Investors are empowered to purchase prime location residential real estate in the nation’s premier locations through our absolutely effortless ownership programs.

WaldenPacific’s philosophy is simple, yet powerful:

•locaTe the nation’s hottest properties in ultra-prime locations.

•desigN custom tailored, effortless ownership programs enabling a variety of real estate investors to buy and hold their investment for up to 7 years while WaldenPacific™ deals with any situations that arise and the regular day-to-day tasks of property management.

•deliver up to 7-years of on-time and worry-free rental income for real estate investors, whether the unit is vacant or occupied, or the occupant is current or delinquent.

aBout WaLdeNPacIFIc Proven. Unequaled. Visionary.

© WaldenPacific™ Property Trust 2007 Confidential

Absolutely Effortless Ownership™

33

Invest. Relax. Accomplish.

Page 34: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

SITE MAP

A

B

C

D

E

F

1 BR/1 BA

1 BR/1 BA

2 BR/1 BA

2 BR/2 BA

3 BR/2 BA

2 BR/2 BA

© WaldenPacific™ Property Trust 2007 Confidential 34

Page 35: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM11’3” X 12’1” DINING ROOM

7’4” X 7’2”

LIVING ROOM11’2” X 14’0”

W.I.C.PANTRY

STORAGEBALCONY

BATHUTILITY KITCHEN

REF

DW

W/D

A/C CL.

ENTRY

FLOO

R PLAN

a

Floor Plan Bed / Bath approx sq. Ft. a-azaLea 1/1 674

© WaldenPacific™ Property Trust 2007 Confidential 35

Page 36: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM12’0” X 10’0”

DINING ROOM10’0” X 6’6”

LIVING ROOM11’7” X 18’4”

CL.

STORAGE

BALCONY

BATH

UTILITY

KITCHEN

REF

DW

A/CENTRY

W.I.C.W/D

FLOO

R PLAN

B

Floor Plan Bed / Bath approx sq. Ft. B-cameLIa 1/1 852

© WaldenPacific™ Property Trust 2007 Confidential 36

Page 37: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM 211’0” X 10’6”

MASTER BEDROOM12’8” X 12’0”

DINING ROOM12’0” X 10’0”

LIVING ROOM11’0” X 14’3”

W.I.C.

W.I.C.

STORAGE

BALCONY

BATH

UTILITY

KITCHEN REF

DW

W/D

A/C CL.

CL.

CL.ENTRY

FLOO

R PLAN

c

Floor Plan Bed / Bath approx sq. Ft. c-gardeNIa 2/1 933

© WaldenPacific™ Property Trust 2007 Confidential 37

Page 38: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM11’3” X 14’9”

BEDROOM 214’0” X 11’4”

DINING ROOM9’3” X 7’1”

LIVING ROOM15’7” X 12’7”

CL.

STORAGEBALCONY

MASTERBATH

BATH 2

KITCHEN

REF

DW

A/C

ENTRY

W.I.C.

W.I.C.

W/D

FLOO

R PLAN

d

Floor Plan Bed / Bath approx sq. Ft. d-JasmINe 2/2 1150

© WaldenPacific™ Property Trust 2007 Confidential 38

Page 39: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM10’0” X 10’9”

MASTER BEDROOM12’3” X 13’0”

BEDROOM13’8” X 11’0”

DINING ROOM7’0” X 13’4”

LIVING ROOM16’1” X 11’6”

CL.

CL.

CL.

CL.

UTILITY

CLOSET STORAGE

BALCONY

BATH2MASTERBATH

KITCHENREF

DW

A/C

ENTRY

W.I.C.

W.I.C.

W/D

FLOO

R PLAN

e

Floor Plan Bed / Bath approx sq. Ft. e-rose 3/2 1295

© WaldenPacific™ Property Trust 2007 Confidential 39

Page 40: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

BEDROOM12’0” X 11’9”

MASTER BEDROOM11’5” X 11’3”

DINING ROOM13’2” X 13’1”

LIVING ROOM13’2” X 7’0”

CL.

UTILITY

CL.CL.

STORAGE BALCONY

BATH2

MASTERBATH KITCHEN

REF

DW

A/C

ENTRY

W.I.C.W.I.C.

W/D

FLOO

R PLAN

F

Floor Plan Bed / Bath approx sq. Ft. F-vIoLet 2/2 1014

© WaldenPacific™ Property Trust 2007 Confidential 40

Page 41: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

Footnotes and Legal Notices 1. geNeral a. Please refer to the Platinum Insider Agreement, the All-Inclusive Corporate Lease and information in the buyer package for complete terms and conditions. Certain conditions, restrictions, qualifications and requirements apply. b. Benefits mentioned herein will be delivered by an affiliate of WaldenPacific™ Property Trust, WaldenPacific™ Corporate Leasing Madison, LLC (“WaldenPacific”). c. All of the above programs will be fully disclosed to the Buyer’s lender and are subject to the lender’s written approval. d. To receive the above programs the Buyer must close with a WaldenPacific™ preferred lender and title company – no exceptions. e. There is no affiliation between WaldenPacific™ and Wachovia Bank. f. All prices, programs and incentives are subject to change without notice. g. Buyer needs only $5,000 deposit due upon signing of contract if Buyer closes within 30 days and a 5% deposit if Buyer closes thereafter. h. Pricing is based on current availability. i. Preferred Lenders listed have reviewed and approved these programs in advance.

2. all-iNclUsive corporaTe TeNaNT lease - moNThlY reNTal iNcome a. Please refer to the actual All-Inclusive Corporate Lease for complete terms and conditions. Certain conditions, restrictions, qualifications and requirements apply. b. All monthly rent payments shall be made by direct deposit payments, to the Buyer or the bank (with Mortgage Auto-Pay). c. Monthly rental income shown does not include the $100 monthly deduction for Property Management. d. Buyer shall receive a Form 1099 each year, a copy of which will be sent to the Department of Treasury, for all payments made by Leasing Company to Buyer or bank. Buyer is responsible for all taxes due on income paid to Buyer from Leasing Company. Income may include all rents and principal on the Cash Advance Line of Credit paid to Buyer, or to a bank on Buyer’s behalf.

3. loW moNeY doWN a. Up to $10,000 will be paid and listed on the HUD as a closing cost credit and will be based solely on what is allowable and approved by the lender.

4. professioNal properTY maNagemeNT a. There is a $299 setup fee for Property Management Services – this setup fee will be deducted from the first month’s rental income payment. b. The Buyer is fully responsible for all maintenance costs, repairs, turn costs, etc. (expenses) during the term of the All-Inclusive Corporate Lease; expenses may be deducted from the monthly rental income.

5. cash advaNce crediT liNe a. The bank providing the Cash Advance Credit Line, Visa® card availability, and the interest rate are subject to change without notice. b. Cash Advance Credit Line is optional and must be requested by Buyer after closing, when the All-Inclusive Corporate Lease is signed. c. Mortgage Auto-Pay service is mandatory for Buyers who select the optional Cash Advance Credit Line. d. The Buyer has the option to open the Cash Advance Credit Line, in which case he/she will pay monthly interest. e. No principal payments are due until the property is sold or until expiration or termination of the All-Inclusive Corporate Lease. f. The actual dollar value of the Cash Advance Credit Line will be equal to up to 15% of the purchase price (up to $50,000.00). g. Cash Advance Credit Line will be available to the Buyer within 30 days of closing. h All-Inclusive Corporate Lease Programs and Cash Advance Credit Lines are non-transferable (but please refer to the details of the Platinum Insider program for advantages to selling your property through WaldenPacific™). i. Become a WaldenPacific™ Platinum Insider and the Cash Advance Credit Line principal will be paid in full by WaldenPacific at the end of the All-Inclusive Corporate Lease. See Platinum Insider program for details.

Absolutely Effortless Ownership™

© WaldenPacific™ Property Trust 2007 Confidential 41

Invest. Relax. Disclose.

Page 42: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

j. WaldenPacific shall not be obligated to pay off the Cash Advance Credit Line if owner defaults under the All-Inclusive Corporate Lease or the Platinum Insider Agreement. Please refer to the All-Inclusive Corporate Lease and the Platinum Insider Agreement for complete terms and conditions. k. If WaldenPacific™ is late on a rent payment, the Cash Advance Credit Line principal will be paid in full by WaldenPacific™ at the end of the All-Inclusive Corporate Lease term or at the time the property is sold, whichever occurs first. Late rent payments are defined as those delivered through direct deposit ONLY and are not received in the Buyer’s bank account by the 15th of each month. Please note:

• Payments delayed due to bank errors do not qualify. • Payments delayed due to circumstances beyond WaldenPacific’s control, such as a force majeure event, power outage or other technical reasons, do not qualify. • All direct deposit information must be accurate – if payment is delayed due to inaccurate buyer or buyer’s bank information, the payment shall not be considered late.

l. Buyer is more than welcome to pay off the Cash Advance Credit Line before the end of the All-Inclusive Corporate Lease, but please be sure to refer to the details of the Platinum Insider program. It’s possible Buyer will not be held responsible for the principal if Buyer fully participates in the program. m. Any benefit received from the Cash Advance Credit Line (any amounts paid by Leasing Company) may be deemed income to Buyer and Buyer may receive a Form 1099, a copy of which will be sent to the Department of Treasury. Buyer is responsible for all taxes due on income received by Buyer. Income may include all rents and principal on the Cash Advance Line of Credit paid to Buyer, or to a bank on Buyer’s behalf.

6. 15% bUlk pUrchase discoUNT a. All purchases of 5 units or more must be directed to the Vice President of Sales and must be purchased concurrently. Any and all credits or discounts will be fully disclosed and are limited to what is allowed and approved by the lender.

7. plaTiNUm iNsider program a. Cash Advance Credit Line principal may be paid off by WaldenPacific™ at the end of the All-Inclusive Corporate Lease term only, not before. b. The Platinum Insider program is optional and must be selected at the time the All-Inclusive Corporate Lease is signed. c. Buyer is required to pay a $99 annual membership fee. d. Buyer must work with the same WaldenPacific preferred Realtor® to purchase another WaldenPacific property or re-sell their Madison property to qualify for the pay-off of the Cash Advance Credit Line. e. Preferred Realtors® have the option to refer the re-sale to WaldenPacific realty services. 8. morTgage aUTo-paY a. Please refer to the actual Mortgage Auto-Pay Packet for complete terms and conditions. Certain conditions, restrictions, qualifications and requirements apply.

Copyright © WaldenPacific Property Trust 2007. This is not an offer to sell, purchase or lease property. Oral representations cannot be relied upon as correctly stating the representations of the Developer or WaldenPacific. For correct representations, make reference to the purchase agreement and to the documents required by section 718.503, Florida statutes, to be furnished by a Developer or WaldenPacific to a buyer. All data contained in this brochure is subject to change without notice.

Please refer to the Platinum Insider Agreement, All-Inclusive Corporate Lease and information in the buyer package for complete terms and conditions. Certain conditions, restrictions, qualifications and requirements apply. All benefits mentioned herein will be delivered by an affiliate of WaldenPacific Property Trust, WaldenPacific Corporate Leasing Madison, LLC (“WaldenPacific”). All of the above incentives will be fully disclosed to the buyer’s lender and are subject to the lender’s written approval. Amount of down payment match shall be determined by what is allowable by the lender. To receive the above incentives, the buyer must close with a WaldenPacific preferred lender and title company - no exceptions. There is no affiliation between WaldenPacific and Wachovia Bank. All incentives are subject to change without notice.

© WaldenPacific™ Property Trust 2007 Confidential 42

All incentives (including The Platinum Promise) and credit lines are respectively offered by WaldenPacific and Wachovia Bank (and any other banks) only; and the Seller makes no representations or warranties in connection with the incentives and/or guarantees (if any). Seller shall not be held liable for damages of any kind, whether consequential, compensatory or otherwise, in connection with any incentive program and/or guarantee (if any) offered by WaldenPacific or Wachovia Bank. Wachovia Bank makes no representations or warranties in connection with the incentives and/or guarantees offered by WaldenPacific and shall not be held liable for damages of any kind, whether consequential, compensatory or otherwise, in connection with any incentive program (including The Platinum Promise herein) offered by WaldenPacific.

Page 43: The Madison -- Orlando, Florida  -- Real Estate Investment Marketing

2510 Robert Trent Jones Drive • Orlando, Florida 32835

© WaldenPacific™ Property Trust 2007 Confidential June 27, 2007

Exclusively Offered by an Affiliate of