WOLVERINE INTERESTS, LLC

Wolverine Interests is a Dallas, Texas based Commercial Real Estate Investment Firm led

by industry veterans with a deep understanding of complex financing, master

development and management expertise.

Wolverine specializes in:

• Mixed-Use Developments

• Office Developments

• Multi-Family Developments

• Single Tenant Properties

• Office Acquisition/Disposition

• Complex Financing

• Tenant Representation

MIXED-USE DEVELOPMENTS

Wolverine Interests specializes in office, multi-family, and master planned mixed-use developments. Over the past 40

years, our partners have developed over 8,000 multi-family units, 8 large office buildings, and master planned 3

comprehensive mixed-use projects in the DFW metroplex. Wolverine assembles the capital stack for the project in

accordance to the investment strategy of the investors. From there, we facilitate the entire development process from

architectural plans, to land purchase, through construction management and lease-up, to asset management.

Wolverine’s success stems from our vision to create communities that provide optimal live/work/play experiences for

the end user.

FRISCO SQUARE - 60 ACRES Frisco Square is similar to a European village; a pedestrian-friendly urban environment in Frisco, Texas. Designed by David M. Schwartz; whose work includes the American Airlines Center in Dallas, the Ballpark in Arlington, and the Bass Performance Hall in Fort Worth; along with O’Brein, Boka & Powell whose notable work includes The Star in Frisco. The development encompasses office, retail, multi-family and municipal product located on over 60 acres in one of fastest growing cities in the United States. Located right off the Dallas North Tollway and across the street south of Toyota Stadium; home of FC Dallas soccer club. Frisco Square is comprised of over 300,000 sf office, 200,000 sf retail/restaurant, 1000 multi-family units, Frisco City Hall, Cinemark theater, Forest Park Hospital, and Grace Church.

ADDISON CIRCLE - 40 ACRES Principals of Wolverine were the master-planner, developer and operating partner of Addison Circle located in Addison, TX along the Dallas North Tollway. They were the visionary and developer of over 1,300 multi-family units with 300,000 sf of class A office and 50,000 sf first floor retail/restaurant space. The project was completed in phases in 1993 – 2001 and sold a couple years later after it was fully leased. They negotiated a favorable incentive package with the city of Addison which jumpstarted the project and created additional value for their stake holders.

MUTI-FAMILY DEVELOPMENTS

Over the past 30 years, Wolverine has developed over 8,000 multi-family units. Our team was on the leading edge

of the "wrap concept" and we are known for developing best in class properties. We handle every aspect of a

project from conception, to land acquisition, to design, to finance, to development and ultimately lease-up.

UPTOWN DALLAS - 2,000 APARTMENTS

The principals of Wolverine Interests developed many of the first multi-family complexes in the Dallas Uptown submarket through the 1980’s – 90’s. Their gamble to be the first movers in uptown paid off huge as tons of restaurants, retail, office and other multi-family quickly followed their lead to build out uptown to what it has become today. They were the local originator of the multi-family “wrap” product which wraps the complex around the parking garage, thereby maximizing efficiency of the building. All of their multi-family complexes in uptown were sold soon after they leased up.

DOWNTOWN PLANO - 750 APARTMENTS Jim Leslie and partners helped kick started downtown Plano with the development of three multi-family complexes comprising close to 750 units. His team worked with City officials to provide the urban lifestyle and boost needed to further activate the old historic downtown area. The project included the land acquisition, overall design and development, all financing and ultimately the sale of the properties once fully occupied.

SHOPS AT LEGACY - 1,500 APARTMENTS Principals of Wolverine Interests developed the initial multi-family complexes in what is now known as the Shops at Legacy, Plano, TX. They were the early visionary of what the Shops could become and realized the first component necessary was to get people living there before the shops and restaurants could be successful. Their multi-family development was the spark needed for Shops at Legacy to evolve into the beautiful live, work, play atmosphere it has become today. They made the site selection, financed, developed, leased up and later sold the first Legacy multi-family complexes in 1995 – 2003.

INVESTMENT & AQUISITIONS

Wolverine represents buyers of all asset types throughout the DFW metroplex. Our principals’ experience through the highs

and lows of DFW’s real estate cycles over the last 35+ years earns us credible perspective of when, where, and how to invest in

Dallas commercial real estate. We understand each of our client’s specific investment criteria and tailor an investment plan

considering our knowledge of the market today as well as taking in to account our thesis of how the market will move in the

future. Wolverine is active in the market daily to locate the best deals available and narrow in on optimal terms achievable for

our clients. We pride ourselves on being creative outside the box thinkers regarding financial structure of our investments,

and we are always open to investing our own equity alongside our clients.

PARKWAY CENTER I, II & III

Three separate office acquisition: 87,500 sf, 156,000 sf & 157,000 sf of Class A Office buildings totaling over 400,000 sf, located in Plano, TX. Acquired by Wolverine Interests in joint venture with investment group in 2018 & 2019. These properties are currently managed by Wolverine Interests and enjoy high occupancy.

POINTS AT WATERVIEW

203,000 sf of Class A Office located in Richardson, TX acquired by Wolverine in 2018. This property is managed by Wolverine Interests.

BRIARGROVE PLAZA

128,620 sf Class A Office located in Dallas, TX acquired by Wolverine in 2017. This property is managed by Wolverine Interests and has been 100% occupied since acquisition.

PROPERTY MANAGEMENT

Wolverine provides class A office property management throughout the DFW metroplex. Our team handles everything

on-site including building maintenance, accounting, capital projects, annual budgeting, and tenant relations. We go to

great length to keep tenants in our buildings happy and comfortable as if they were guests at a high-end hotel. When

tenants’ leases are coming up, our goal is for our management services to stand out as a major influence in their

consideration to renew their lease. Low tenant turnover is just one of the aspects of our management’s primary focus of

pushing maximum value to the bottom line for our owners. Our senior property management team, led by Bill Riley, is

based out of our 550,000 sf 250/290 E John Carpenter building.

We use VTS software to manage our assets which provides:

• Pipeline management to improve deal conversion rates, close deals faster and decrease downtime. Leverage real-time market and tenant data. Generates critical reports with a single click.

• Tenant relationship management to better manage tenant relationships by tracking portfolio-wide contact leases and interaction in one place. Accelerates new leasing by leveraging in-place tenant relationships across portfolio.

• Portfolio analytics that streamline portfolio reporting and revenue forecasting. Reduces portfolio risk with encumbrance tracking and alerts.

• Real-time leasing updates from brokers to JV partners. Updates available in-app and via automated email alerts.

SINGLE TENENT DEVELOPMENT & ACQUISITION

CVS PHARMACY

Wolverine Interests provided:

• Specialized Financing Program for national portfolio of retail sites including over 1,000 CVS sites.

• Ownership

WHATABURGER

Wolverine Interests provided:

• Development • Construction • Ownership • Financing services provided for a portfolio of

quick service restaurants across the South.

BACKYARD BURGER

Wolverine Interests provided:

• Development • Construction • Ownership • Financing services

CORITHIAN COLLEGE

Wolverine Interest provided:

• Built to Suit program for student housing and specialty educational and technical facilities in Missouri and Florida.

• Development & Construction • Financing & Ownership

JIM LESLIE - Managing Principal

Jim Leslie serves as a Managing Principal for Wolverine Interests.

With nearly 40 years of experience in the real estate and financial markets, Mr. Leslie is recognized for successfully pairing creative real

estate development with his intense understanding of capital markets. After completing his MBA at University of Michigan in 1979, Jim

moved to Dallas and began his career at Coopers and Lybrand where he became a CPA and led an audit team. In 1982, Jim joined Roger

Staubach as a founding member of The Staubach Company and served as their CFO where he designed, recapitalized, and launched the

strategic plan of pioneering the tenant representation industry. Jim quickly became President of TSC and grew the company from 5 people

in one Dallas office to over 1,200 employees across 50 offices worldwide.

In 1991, Jim formed the Financial Services Division of TSC and initiated over $3 billion of financing for clients around the world. These

financing activities led to an expansion of the division’s capabilities to include acting as a principal in over $8 billion of sale-leaseback

purchases that were primarily sold into the 1031 exchange market. During his time at TSC, Jim also developed over 8,000 multi-family units

and developed or purchased and sold tens of millions of square feet of commercial space.

In 2001, Jim formed Wolverine Interests where he acts as managing principal in financing, development, and asset management of

numerous multi-family, office, and large mixed-use projects with private/public partnerships. Some of Jim’s recent notable projects include

Frisco Square – a 60 acre mixed-use development in Frisco, TX; Addison Circle – a 40 acre mixed-use development in Addison, TX; 1,200

multi-family units in Shops at Legacy in Plano, TX; and 2,000 multi-family units in the Uptown Dallas area.

Within the last few years, Wolverine has acquired over 3 million square feet of office product along the Dallas North Tollway, George Bush

Turnpike, and Las Colinas market. Mr. Leslie has served on or is currently serving as a board member for several public and private

companies including Stratus Properties, Wyndham Hotels, Amresco Capital Trust, Sebring Capital, Cresa Partners, Columbus Realty Trust,

Salvo, Team Mouse, Dougherty’s Holdings and others. Jim was the leader in taking some of these companies public such as Stratus and

Wyndham, as well as forming REITS such as Columbus Realty.

Jim grew up in Lincoln, NE where he received his BS in Mathematics and Actuarial Science from the University of Nebraska then achieved his

MBA from the University of Michigan.

"Jim has been a leader and on the front

edge of commercial real estate

development for close to 40 years.

Known as a financial wizard and

creative thinker, Jim has helped shape

the Dallas market for decades."

JOE JERNIGAN - Principal

Joe Jernigan began his career in commercial real estate in 1980. He has been a Partner at Wolverine Interests since 2014.

At Wolverine Mr. Jernigan is actively involved in the firm’s development, acquisitions, financings and investment sales efforts. Mr. Jernigan’s

real estate career began with 3-years of commercial brokerage where he exclusively represented a number of high net worth investors in the

acquisition, management and disposition of multi-family properties in the Dallas-Ft. Worth markets. Mr. Jernigan then joined a Dallas based

real estate firm where he represented a number of the firm’s institutional clients in the acquisition, management and disposition of North

Texas anchored retail properties.

The late 1980’s saw a significant downturn in commercial real estate values in part resulting in the insolvency of numerous federally insured

Texas based Savings & Loans. As Executive Vice President of BEI Mr. Jernigan, working through various contracts with the Federal Savings

and Loan Insurance Corporation (FSLIC), directed the management and liquidation of approximately $8.0 billion of commercial real estate

assets and mortgages contained within 5 Texas based federally insured institutions that had been determined insolvent by the FSLIC. In

1990 the Resolution Trust Corporation (RTC) was created to expedite the nationwide liquidation of commercial real estate assets and

mortgages of insolvent federally insured banks and thrifts. For 3-years Mr. Jernigan, as Executive Vice President of BEI, served as the senior

manager for one of the RTC’s largest contractors directing five nation-wide BEI offices in the liquidation of over $3.5 billion of RTC assets

through nine separate RTC contracts.

In 1996 Mr. Jernigan joined GE Capital Real Estate as Senior Vice President. His responsibilities at GE included senior management of a $3.0

billion CMBS Special Serving portfolio and senior manager of 4 “off book” joint venture real estate transactions comprised of approximately

$6.0 billion of non -performing GE commercial real estate assets and mortgages. In 2000 Mr. Jernigan joined Presidio Investments, a real

estate company established by a wealthy Dallas oil family focused on acquiring office buildings in the southwestern United States. During a

3-year period Mr. Jernigan acquired 6 office buildings valued in excess of $150 million.

In 2003 Mr. Jernigan joined the Lone Star Fund/Hudson Advisors, a $37 billion private equity fund, as Executive Vice President of North

American Asset Management. At Lone Star Mr. Jernigan’s directed a team responsible for the liquidation of a portfolio of real estate assets

and mortgages valued in excess of $1.5 billion. In 2006 Mr. Jernigan joined Behringer Harvard REIT as Senior Vice President primarily

responsible for acquisition of “value-add” assets for the $500 million BH Opportunity REIT I and the $750 million BH Opportunity REIT II.

"Joe has 40 years of experience in

commercial real estate development,

acquisition and financing with a deep

understanding of financial markets and

operations."

THE WOLVERINE TEAM

JAMES LESLIE - Principal

James joined Wolverine Interests in 2013. His primary responsibilities include financial analysis for office, multi-family, and mixed-use development projects; underwriting of office, multi-family, and retail assets for acquisition and disposition; buyer representation for office and multi-family investment; tenant representation for office, retail, and industrial users nationwide; single tenant development; 1031 buyer representation and land purchase and sale representation. James received his BBA in Finance and Economics from the University of Arkansas.

NADIA CHRISTIAN - Partner Nadia transitioned into real estate after a 15-year career in behavioral health. In 2014, she founded a construction company specializing in building custom homes and construction management services. Nadia focuses on mixed-use development projects and supports asset management with cloud-based building performance tracking and project management tracking software. Nadia has exceptional knowledge of construction management and oversees multifamily development projects and works closely with FHA MAP Underwriter on the 221 (d) (4) New Construction. As an active member of the nonprofit Urban Land Institute (ULI) both on the Small-Scale Development Council and UrbanPlan for Public Officials, Nadia actively facilitates UrbanPlan which is an interactive six-hour workshop for local decision-makers including mayors, city council members, plan commission members, and senior staff.

GEORGE PROKOS - Partner George has over 25 years of highly successful senior executive experience in sales, marketing and overall enterprise management. A well-earned reputation of accomplishments in building and managing sales teams, products and services. He brings significant accomplishments from multiple industries to the real estate and development world, including entertainment, retail and manufacturing. His breath of experience provides George a unique perspective to complex mixed-use developments that have become a staple for Wolverine Interests. George contributes his talents to the Wolverine team by managing large projects and budgets, serving varied groups of constituents and assisting in negotiating deal points.

BILL RILEY - Director of Property Management Bill is responsible for managing the property operations at our 540,000 sf, 3-building office project in Irving, Texas. Bill joined Wolverine in 2014 to take over all aspects of the project’s operations including capital planning, budget preparation, financial reporting, customer relations, construction management, and lease and contract administration. Bill has been active in the commercial real estate industry for over 25 years, including 12 years with Equity Office Properties Trust (EQPT), which was the largest US based office REIT at the time. While at EOPT, Bill was responsible for a five building portfolio totaling over 2 million square feet, where EOPT was the managing partner of a joint venture with an Australian based REIT.

FAITH GOOLSBY, CPM® - Property Manager Faith has been active in the DFW Metroplex commercial real estate industry since 1989. Prior to joining the Wolverine team, Faith was a senior property manager at Lincoln Property Company. Just before taking the Director of Property Management position at Fobare Commercial, Faith served as the Assistant Director of Property Management for Cencor Realty Services. Faith began her real estate career with CB Commercial Real Estate, where she was responsible for the Wells Fargo Bank portfolio. Over the span of Faith’s career, she has managed high-rise office buildings, industrial parks and retail shopping centers to include regional, grocery anchor, neighborhood, lifestyle and entertainment projects where she personally managed 7.4M square feet and assisted/directed the management of 13M square feet.

THE WOLVERINE TEAM

JENNA LESLIE - Investment Analyst

Jenna graduated from the University of Oklahoma in 2016 with a degree in Finance. Her main responsibilities include book-keeping, maintaining cash controls, financial reporting, investment analysis, and assisting the principals in making strategic decisions by forecasting revenues and expenditures for future projects. She utilizes strong communication and client relations skills to manage and cultivate relationships with banks, insurance partners and outside accountants. In addition, Jenna is

involved in tenant representation deals for office and retail users.

CHRISTY SKINNER - Property Manager Christy is a commercial property manager with over 30 years of property management experience. She is currently managing the Parkway Centre portfolio consisting of 3 Class A office buildings along the North Dallas Tollway, the most desired location in the North Dallas area. She has been fortunate to work for some of the leading management companies in real estate, Trammel Crow, Insignia, Lincoln Harris and Hunt Properties, Inc. She holds a Texas Real Estate License and an RPA (Real Property Administor) designation from BOMA (Building Owners and Managers Association) and was actively involved with the Oklahoma City BOMA Chapter holding the office of Secretary/Treasurer and served on several committees while a member there.

CATHY SWEENEY - Advisor Cathy Sweeney served as a Managing Principal until December 2016, when she entered full time ministry in the United Methodist Church. Cathy’s experience in real estate finance, and its related relationships to development, property management, and leasing, has proved vital to the success of several real estate companies and partnerships. Cathy and Jim Leslie have been business partners since 2002. Prior to 2002, Cathy was employed at The Staubach Company as the Chief Financial Officer, reporting to Jim Leslie in his role as President and Chief Operating Officer. Ms. Sweeney received her B.B.A. in Accounting at the University of Texas, and a Masters of Theological Studies from Perkins School of Theology at Southern Methodist University.

SCOTT JOHNSON - Advisor Scott most recently served as President and CEO of one of Wheelhouse’s portfolio companies – insulation manufacturer Amerrock Products. Previously Scott served as VP of Acquisitions and Development for TRT Holdings and Omni Hotels responsible for sourcing, negotiating and closing all worldwide real estate investments for TRT and growing the Omni brand throughout the United States and internationally. During his tenure at Omni, Johnson was responsible for more than $500,000,000 in real estate acquisition and development including the acquisition of the famed La Mansion Hotel and Watermark Hotel in San Antonio, the development of the Omni San Diego Hotel and Condominiums, and the Fort Worth Hotel and Condominium. Scott has served on the City Council in Frisco, Texas having been elected city-wide in 2008 and re-elected in 2011 and 2014. Scott has also been on the front lines of Texas’ job growth as he served as an officer on the Board of Directors for the Texas Economic Development Corporation (TexasOne) having been appointed by Governor Rick Perry in 2006 and having served until 2015.

JAMES DEIBEL – Advisor Jim began his real estate career in 1979 with Pearcy/Christon, Inc., a Dallas-based retail development and brokerage

firm, where he concentrated on brokerage of land and income properties. While there, Jim closed more than $20

million dollars in real estate transactions. In 1983, Jim joined The Staubach Company as a member of the Brokerage

Division. Jim was a top producer and during his eight-year association with the firm, generated transaction volume in

excess of $100 million dollars. In 1987, Jim headed up an asset management division affiliated with The Staubach

Company named SBC Realty Advisors, Inc. Its primary function was to assist in the asset management of over $500

million dollars in real estate owned by various financial institutions, the FSLIC, FDIC and RTC. In 1991, Jim formed Teakwood Property Company, a wholly owned real estate services company concentrating primarily in land brokerage and asset management.

WOLVERINE INTERESTS, LLC

16250 Knoll Trail Drive, Suite 210, Dallas, Texas 75248 | 972-250-0903 | wolverineinterests.com