Shorenstein Properties LLC 555 California Street 49th Floor San Francisco, CA 94104 Phone: (415) 772-7000 Fax: (415) 294-9134 Douglas Shorenstein Chairman and CEO Douglas Shorenstein joined the family business in 1983. Under his leadership, Shorenstein Properties LLC changed its investment model from traditional, single-purpose joint ventures to sponsorship of a series of highly-successful, closed-end investment funds. During Mr. Shorenstein's tenure as Chairman and CEO, Shorenstein Properties LLC has more than doubled its holdings and become national in focus. Before joining the company, Mr. Shorenstein worked as a real estate attorney in the New York law firm of Shearman & Sterling. Mr. Shorenstein is involved in numerous political, civic, philanthropic and cultural activities and currently serves as Chairman of the United Way of the Bay Area. He is a Trustee Emeritus for The Fine Arts Museums of San Francisco, is a former Director of the San Francisco Chamber of Commerce and is a Senior Advisory Board member for the Joan Shorenstein Center on Press, Politics and Public Policy, Kennedy School, Harvard University. Mr. Shorenstein holds a B.A. in Economics from University of California at Berkeley, and a J.D. from University of California, Hastings College of the Law.   Glenn Shannon President and COO Glenn Shannon joined Shorenstein Properties LLC in 1994. His primary responsibilities are coordinator of the company's day-to-day operations, equity raising for the company's various investment funds and management of relationships with fund investors. As the senior professional located in the company's New York office, Mr. Shannon's responsibilities also include oversight of all business handled through the New York office. Prior to joining Shorenstein Properties LLC, Mr. Shannon spent twelve years at the law firm of Shearman & Sterling in New York in its real estate department, the last four as a Partner, where he represented foreign and domestic clients in all aspects of real estate investment throughout the United States. He holds a B.A. from Williams College and a J.D. from the University of Michigan.   Thomas Hart Executive Vice President Thomas Hart joined Shorenstein in 1982. He is responsible for overseeing the company's community, political and governmental relations in the San Francisco Bay Area and plays a leading role in the companies development activities. Mr. Hart also oversees the management and administration of a portfolio of investments held by members of the Shorenstein family. Mr. Hart is a board member of the San Francisco Chamber of Commerce, San Francisco Planning and Urban Research (SPUR), Urban Land Institute San Francisco District Council, and the San Francisco Redevelopment Agency Mid-Market Project Area Committee. Prior to joining Shorenstein, Mr. Hart worked as Vice President of development for Marriott International in Washington, D.C. In 1972 and 1973, Mr. Hart served as Special Assistant to President Richard Nixon at The White House. Mr. Hart graduated from Brigham Young University with a B.S., and from Harvard Business School with an M.B.A. For more information please contact: Tim Gallen Gallen•Neilly & Associates 1981 N. Broadway, Ste 400 Walnut Creek, CA 94596 tim@gallen.com Phone: 925.930.9848 Fax: 925.930.9903

Links: Website: www.shorenstein.com Recent Media Releases & Resources: Archived Releases & Resources 05/27/10:  45 Fremont Earns LEED Gold Certification 04/22/10:  Hamilton Square Earns LEED Silver Certification 06/12/09: Shorenstein's Mission Bay Property Features Provocative Sculptures from Award-Winning Artists 08/27/08: Shorenstein Properties Acquires Orange County Office Complex 07/18/08: Shorenstein Properties and SKS Investments Close Purchase of South San Francisco Business Park and Marina 07/08/08: Maguire Properties Announces Disposition of Orange County Property 06/30/08: Shorenstein Closes Purchase of Two New York Office Buildings 06/26/08: Shorenstein Properties Purchases Mezz Loan Backed by SF Peninsula Office Property 06/26/08: Shorenstein Properties Purchases a $250 Million Mezzanine Package on Midtown Manhattan Office Tower 06/05/08: 125 Park Avenue Lobby Gets $4.5M Facelift 04/30/08: Shorenstein Properties Closes Purchase of Houston Class A Office Tower 04/16/08: Shorenstein Increases Existing $1.3 Billion Investment Fund By Over $700 Million 04/14/08: Shorenstein Properties Originates $125 Million Mezzanine Loan on Plaza District Office Building 02/06/08: Shorenstein Properties Completes Purchase of B-Note Loan on Santa Monica Office Campus 01/10/08: Shorenstein Properties Completes Purchase of Palo Alto Office Building 12/19/07: Shorenstein-MetLife Receive PUD Approval From Oakland Planning Commission For New 23-Story Office Tower in Oakland City Center 12/18/07: Shorenstein Properties Completes a Second Mezzanine Loan Investment in New York City 11/07/07: Shorenstein Provides $56.5M Mezzanine Financing Package for Washington, D.C. Office Transaction 11/02/07: Shorenstein Properties Acquires Houston Office Building 10/22/07: Shorenstein Purchases a $40M Interest in Construction Financing for Sunnyvale Office Development 10/08/07: Shorenstein Closes $50M Mezzanine Loan Investment 09/26/07: Shorenstein Properties and MetLife to Develop Office Tower in Downtown Oakland, Calif. 09/04/07: Shorenstein Properties Closes Purchase of Palisades Office Park in Atlanta, Ga. Background Information: San Francisco-based Shorenstein Properties LLC is one of the oldest and most successful private real estate investment companies active throughout the United States in the acquisition, development, ownership and management of office and mixed-use properties. Since its beginning in 1924, the company has evolved from a regional real estate operating company to an active national investor and manager of commingled institutional capital. Since 1992, Shorenstein has sponsored eight closed-end real estate investment funds. Shorenstein's broad access to transactions and extensive in-house investment and operating expertise has positioned Shorenstein to produce attractive investment results across multiple market cycles. Company History Walter H. Shorenstein began work in commercial real estate with the San Francisco-based brokerage firm Milton Meyer & Company in 1946, and in 1951 he was made a partner in the firm. By 1960, Mr. Shorenstein had become president and owner of Milton Meyer & Company, and began dramatically expanding its real estate development and management activities. Under his leadership, the company became the largest owner and operator of Class A office buildings in San Francisco, and forged lasting relationships with major institutional partners such as IBM, Bechtel, MetLife and Bank of America. Douglas W. Shorenstein joined the family business as president in 1983 after working three years as a real estate attorney with the law firm of Shearman & Sterling in its New York office. In 1990, Doug Shorenstein renamed the company, Shorenstein Company, L.P., and embarked on the Company's evolution from a regionally-focused family business into a real estate investment management company operating on a national platform. Since 1992, Shorenstein Company has sponsored a series of closed-end investment funds partnering with institutions, endowments, pension funds and high net-worth individuals. Under Doug Shorenstein's leadership, the company has more than doubled its holdings, acquiring some of the most renowned office properties in the United States. Shorenstein Company LLC has grown to become the premier private owner and operator of Class A office buildings in the United States, engaged in all aspects of office building investment, development, financing, leasing, construction and management.