Real Estate Investment & Development

About Us Company Overview Sansome Pacific Properties Inc. is a privately owned real estate investment firm specializing in the acquisition, development, repositioning, financing and disposition of commercial single and multi tenant assets throughout the United States. Sansome Pacific primarily focuses on four investment platforms: ground-up developments, value-added investments, stabilized investments, and sale-leaseback transactions. Headquartered in San Francisco since 1998, Sansome Pacific has acquired or developed 74 properties in 14 states, including single and multi tenant development; sale leaseback portfolios net leased to national tenants; apartment and manufactured housing properties; and individual and portfolio acquisition of surplus corporate real estate property. Sansome’s partners have over 100 years of combined experience, including extensive relationships with Tenants, Corporations, Lenders, Contractors and Brokers within their respective commercial specialties. Sansome Pacific has been highly successful in originating, structuring, and executing a variety of types of value-added commercial real estate transactions. Due to their extensive relationships with the real estate community, Sansome has built, renovated, acquired or partnered with arguably some of the best retail tenants and corporations including Walgreen Company, Trader Joe’s, Best Buy, Walmart, Washington Mutual, Starbucks Corporation, Northwestern Mutual Life ……just to name a few.

Investment Philosophy The primary investment objective of Sansome Pacific Properties is the preservation of capital and the realization of above market risk adjusted returns. Our investment philosophy is to create value in quality properties that will maintain superior residual values over many years. Having created or added value, we then seek to realize the gain on a selective and opportunistic basis through the sale or refinancing of those assets. A driving investment principle at Sansome is to maintain an entrepreneurial mindset and an informal non-corporate structure. This approach has enabled the firm to respond very quickly to transactions and to offer creative customized solutions for acquisitions. Also at the forefront of our day-to-day operations is our commitment to integrity and upholding good business ethics. Sansome Pacific actively seeks transactions where it can enhance value, stabilize long-term cash flow, or create operational efficiencies for itself and its financial partners through its expertise.

www.sansomepacific.com

investments Development Sansome provides the full range of development services, including site selection, land planning, governmental approvals, financing, asset management and property management. We build on behalf of national Credit Tenants and other financially strong regional merchants. With a strong tenant-client base, Sansome Pacific has assembled a proven track record of procuring, entitling, constructing and financing high-profile commercial sites. A partial list of clients includes CVS, 7-Eleven Corporation, Barnes & Noble, Best Buy, Blockbuster Video, Elephant Pharmacy, Kinko’s, Mechanics Bank, Peet’s Coffee, Starbucks, Pier One Imports, Shoe Pavilion, Talbots, Trader Joe’s, Walgreen Co., First Bank and Washington Mutual Bank. To date, Sansome has developed 19 properties totaling 400,000 square feet.

Value-Added Sansome Pacific seeks to acquire distressed and value-added commercial and multifamily assets with strong fundamentals in primary and growing markets throughout the Western United States. We acquire quality properties that have room for improvement and upside potential realized through either the redevelopment of the physical nature of the properties, the development of enhanced improvements, the repositioning of the management it its daily operations, or in refocusing leasing efforts to revitalize the tenant mix and utilize our long term tenant relationships. To date, Sansome has acquired 26 value-add investments totaling approximately 323,000 square feet.

Stabilized Sansome Pacific is actively seeking to acquire Stabilized Investments, also identified as Core Investments, of both single and multitenant properties. In an effort to diversify our portfolio, increase cash flow, and mitigate the inherent risk that comes with development and value-added investments, Sansome will acquire high quality, fully stabilized assets such as a quality single tenant property with a long term net lease or an anchored shopping center. Stabilized investments represent lower risk profiles and derive their value from current income production. To date, Sansome has acquired 29 stabilized investments totaling over 3.3 million square feet.

Sale-Leaseback U.S. Corporations today are interested in expanding their choice of finance alternatives. Through our sale-leaseback finance structures we provide capital to companies seeking capital to pay down debt, facilitate acquisitions or finance other corporate initiatives. Sansome Pacific’s principals have worked closely with U.S. companies to finance both individual properties and portfolios through our corporate sale-leaseback solutions. To date, Sansome has acquired 14 sale-leaseback investments totaling over 2 million square feet.

acquisitions criteria Development

Value-Added

Product Type Land suitable for retail commercial and mixed-use developments, as well as existing buildings or centers with value-add potential.

Product Type Intrinsic Opportunities- Below Replacement Costs Rehabilitation or Full Renovations – Retail, Industrial, Multifamily (90 Units or Greater) Under Rented/Below Market Rents Short-Term Lease Roll Over Retail/Industrial Commercial Projects with Surplus Land

Location Infill sites throughout the western United States, primarily in California. We target high traffic corners on major retail arteries in metropolitan and suburban markets with strong demographics. Project Size 1 -10 acre sites or parcels up to $50,000,000. Deal Structure Private Equity and will consider Joint Ventures. (JVs) Submission Packets Should Include Asking Price Physical Description Site Plan/Floor Plan/Survey Aerial and Property Photographs Maps Demographics Environmental Studies Rent Roll YTD and Previous 2 Years Financials Current Year Proforma and Budget Loan Terms (If Assumable Financing) Haz Mats We will consider sites or projects with Hazardous Materials. Entitlements We prefer Entitled Sites, but have over 20 years of success entitling projects in over 50 different cities.

Location Anywhere in the Western United States OR within a 2 hour direct flight of SF Bay Area. Project Size 1 -10 acre sites or parcels up to $50,000,000 Deal Structure Direct acquisitions, Private equity infusion and will consider joint ventures. Haz Mats We will consider sites or projects with Hazardous Materials. Submission Packets Should Include Asking Price Physical Description Site Plan/Floor Plan/Survey Aerial and Property Photographs Maps Demographics Environmental Studies Rent Roll YTD and Previous 2 Years Financials Current Year Proforma and Budget Loan Terms (If Assumable Financing)

acquisitions criteria Stabilized

Sale-Leaseback

Product Type All asset types.

Product Type We provide sale-leaseback financing to companies in nearly all industries. We acquire industrial distribution, manufacturing and/ or assembly facilities, retail, restaurants, and office buildings.

Product Characteristics Single Tenant (would consider 2 to 3 tenant opportunity). Absolute net leases preferred with Rental Escalations. 12 year minimum term. Will consider shorter-term leases at higher caps (10%+). Strong tenants and/or strong real estate. Portfolios of Single Tenant (with wholesale pricing). Sale Leasebacks (one-offs portfolios). Seasoned Zero deals with 10+ years remaining. Location Nationwide. Project Size 7.50% minimum cap rate. Deal Structure Private equity and will consider joint ventures.. Submission Packets Should Include Asking Price Physical Description Site Plan/Floor Plan/Survey Aerial and Property Photographs Maps Demographics Environmental Studies Rent Roll YTD and Previous 2 Years Financials Current Year Proforma and Budget Loan Terms (if Assumable Financing)

Financial Strength of Company Primarily focused on middle market, privately-held or non-rated companies with revenues between $25 & $400 million. Location We consider properties in all 50 U.S. states, and acquire assets in secondary as well as primary markets. To-date we have owned assets in over 35 states. We will consider international opportunities on a case-by-case basis. Project Size We underwrite transactions ranging from $3 to $50 million. We acquire smaller or larger opportunities on a case-by-case basis. Deal Structure We execute primary lease terms ranging from 10 years to 30 years, with options to extend. We acquire existing properties, or build-to-suit investments via forward commitments. Haz Mats We will consider haz mats. Entitlements We prefer entitled sited, but have 20 years of success entitling projects in over 50 different cities. Submission Packets Should Include Environmental Studies Asking Price Rent Roll Physical Description YTD and Previous 2 Years Financials Site Plan/Floor Plan/Survey Current Year Proforma and Budget Aerial and Property Photographs Loan Terms (If Assumable Financing) Maps Demographics

303 Sacramento Street, 4th Floor San Francisco, CA 94111 | Tel: 415 781-2900 © Copyright Sansome Pacific Properties, Inc. | www.sansomepacific.com