Patrick Egan, CRE Exec. V.P., Director of Commercial Sales and Leasing Katrina Adventure Our Not So Excellent

Forecast - Thursday, August 25

Thursday, August 25

Forecast - Friday Morning, August 26

Forecast - Friday Afternoon, August 26

Forecast - Saturday Evening, August 27

Sunday, August 28

Monday, August 29

New Orleans Levee System

Levee Breaches and Flooding

Storm Aftermath

Days following storm No electricity, water in entire city No local radio/TV broadcasts No cell phone service anywhere w/504 AC Agents scattered Baton Rouge business explosion Great uncertainty as to timeline for return

Steps taken Emergency Yahoo.com address posted to web Web was initially primary communications source Assembled roster/contacts/message board Baton Rouge office became new communications center once power restored -added desks/wireless internet – server reset to B.R. in 48 hrs. B.R. became home for next two months Monitored New Orleans situation-arranged trip back in

Storm Aftermath Three of our branch residential offices destroyed Several staff and agents didn’t return Latter & Blum returned to metro New Orleans Oct. 17 Returned to our downtown offices Jan. 9. Moved again in March of the following year to our current building

September 9th

Storm Aftermath Paratroopers from Bravo Company, 2nd Battalion, 505th Parachute Infantry Regiment, 82nd Airborne Division, patrolling Bourbon Street.

Storm Aftermath

New Orleans Today 76.4 % of pre-Katrina residences actively receiving mail in Orleans Parish, a 4.3 % increase from last August % of pre-Katrina residences actively receiving mail in the metro area, a 4.3 % point increase from last August. The New Orleans metro area lost only 0.9 % of total jobs since last June compared to a 4.1 % loss for the nation. Compared to the 100 largest metros, New Orleans had the sixth lowest unemployment rate in the first quarter of 2009.

Still many questions regarding new flood maps, levee repairs, rebuilding plans Floodgates have been built at three canals

Source: Latter & Blum Commercial Division

ELMWOOD YEAR END RESULTS Source: Latter & Blum Commercial Division

Greater New Orleans Area Gross Industrial Absorption Source: Latter & Blum Commercial Division

HYATT REGENCY – AFTER KATRINA

Source: PKF Consulting

French Quarter Hotel Statement of Actual Revenue and Expense Years-Ending