1. Retail Investment Market Overview
Significant Amount of Capital Seeking Retail Properties from both the Private and Institutional Sector.
Growth of TIC Sponsors – More than 55 Today vs. Less Than 10 Four Years Ago.
Continued Lack of Quality Retail Properties Available for Purchase.
Historically Low 10-Year Treasury Rate (4.55% as of ).
1031 Exchange Investors Continue to Pay Highest Prices/Lowest Cap Rates.
Narrow Spread in Cap Rates for Class A, B and C Retail Properties.
Malls Built Today Reflect a Lifestyle Format with Department Store Anchors.
Australian Investors Have Been the Low Cost Capital Partners for U.S. Retail REITs.

2. National Financial Returns
Retail – Class A
Retail – Class B

3. National Retail Bidding Profile

4. National Class A Retail Cap Rates

5. Recent Shopping Center Sales Activity

6. Recent Shopping Center Sales Activity

7. CLOSED SALE City Place Long Beach, California
 Total GLA: 342,844 square feet
Tenants: Wal-Mart, Ross, Nordstrom Rack
Occupancy: 85%
Price: $73,750,000
Seller: Coventry Partners
Buyer: Shooshani Developers LLC
Broker: Todd Goodman – Newport Beach

8. Bakersfield, California
CLOSED SALE
The Marketplace
Bakersfield, California
 Total GLA: 298,619 square feet
 Tenants: Edwards Theatre, Vons, Rite Aid Drugstore
Occupancy: 99%
Price: $84,500,000
Seller: Castle & Cooke
Buyer: Donahue Schriber
Broker: Todd Goodman – Newport Beach

9. Sacramento, California
CLOSED SALE
Park Place II
Sacramento, California
 Total GLA: 250,374 square feet
 Tenants: Kohl’s, Marshalls, Borders Books & Music, Bed, Bath & Beyond
Occupancy: 95%
Price: $68,750,000
Seller: Donahue Schriber
Buyer: SCI Real Estate Investments
Broker: Todd Goodman – Newport Beach

10. CLOSED SALE Cerritos Town Center Cerritos, California
 Total GLA: 504,736 square feet
 Tenants: Wal-Mart, Kohl’s, Edwards Theatres, Ross, Office Max, Old Navy, Trader Joe’s, and Best Buy (NAP)
Occupancy: 97%
Price: $73,590,000
Seller: The RREEF Funds / Vestar
Buyer: Cornerstone RE Advisers
Broker: Todd Goodman – Newport Beach

11. PENDING SALE Downey Landing Downey, California
 Total GLA: 376,165 square feet
 Tenants: Best Buy, Marshalls, Bed Bath & Beyond, Ross, Staples, Michaels, Old Navy, PETsMART
Occupancy: 100%
Price: +/- $109,000,000
Seller: Springcreek Investors/ Eclipse Development
Buyer: Pending
Broker: Todd Goodman – Newport Beach