5500 s quebec st

Prepared For

Joseph D. Akers, Director CIII Asset Management April 17, 2014

Prepared By

Doug Wulf Dan Miller Robert Knisely Steve Schwab

WE LEASE BIG BLOCKS SOUTHEAST Leasing Proposal 5500 South Quebec Street / Greenwood Village, Colorado

Exclusive Advisors

TABLE OF CONTENTS

Doug Wulf 303.312.4218 doug.wulf@cassidyturley.com

bUILDING sTRENGTHS & WEAKNESSES

1

crossing the finish line/TEAM

2

past and current dtc listing successes

3

current & potential large upcoming

4

Dan Miller 303.312.4272 dan.miller@cassidyturley.com Robert Knisely 303.312.4235 robert.knisely@cassidyturley.com Steve Schwab 303.296.1646 sschwab@equitywest.net

vacancies/development sites second generation, large upcoming vacancies

5

sizeable vacancies in greenwood plaza

6

plan to beat the competition

7

building a mutually beneficial relationship

8

diminishing large blocks

9

WHO IS CASSIDY TURLEY

10

5500 South Quebec Property Analysis

STRENGTHS • Size. 5500 S. Quebec will be the largest single building lease

opportunity in all of Southeast Denver • Location. Superior access to Landmark Retail and Orchard Light Rail

Marketing challenges • Parking. Some large block competitors offer parking ratios of 4.5:1000 to 6:1000. The current ratio at the building is 3.3 : 1,000 is deficient

• Views. Outstanding unobstructed mountain views

• Common Areas. Large common areas and stairwells must be reconfigured more efficiently for today’s user

• Iconic Architectural Design. Unique shape of building with skylights and dramatic atrium is contemporary and compelling

• Building Age. Some competing large block vacancies are in buildings 10-20 years newer than 5500 S. Quebec

• Parking. Very high ratio of covered parking - better than most all other large block competition

• Quebec St. Quebec is seen by Tenants as a highly congested street

• Floorplate Size. Highly-efficient and sizeable flooplates, providing more glassline and layout possibilities

• Tenant Finish. The cost to reconfigure and finish the premises for a new Tenant could be quite substantial

• On-site Amenities. Self-contained building amenities including cafeteria and athletic facility with showers and lockers

Page 5

Pricing Strategy and Proposed Commissions Pricing • 5500 S. Quebec proposals will feature $13.00 to $14.00 NNN starting rates • Cassidy Turley recommends annual rent increase of $.50 to $1.00 contingent upon term, tenant credit, size and lease cost

Schedule of Quoted Commissions COOPERATING BROKER

Cassidy Turley New Deals and Expansions $1.00/SF per year up to $5.00 on a 5-year term Additionally, $.50/SF per year on years 6-10

None Cassidy Turley Renewals $.50/SF per year up to $2.50 on a 5-year term Additionally, $.25/SF per year on years 6-10

• Lease terms of 5 to 15 years • Tenant Improvements will be negotiable based on term, tenant credit and size, but are anticipated to fall into a wide range between $25.00 - $50.00/SF

commission

Cassidy Turley $.50/SF per year up to $2.50/SF on a 5-year term Additionally, $.25/SF per year on years 6-10 Cooperating Broker

Yes

$1.00/SF per year up to $5.00 on a 5-year term Additionally, $.50/SF per year on years 6-10 * Deals should be looked at on a case-by-case approach where it might be beneficial to further incentivize a cooperating broker with an additional fee or bonus Page 6

2012-2103 Metro-Wide Completed Leases

• Completed 115 deals in Southeast Denver since the beginning of 2012, totaling 1,183,457 RSF • Completed 78 deals in Greenwood Plaza since the beginning of 2012 totaling 519,772 RSF • Have negotiated some of Southeast Denver’s largest lease transactions during the past several years including:

600,000

Volume (Thousands SF)

• 2 Million RSF leased since the beginning of 2012

Southeast Completed Leases 2013 (YTD)

Volum me (Square Footage))

Doug, Dan and Robert have worked together as a team for the past twelve years to deliver superior results for their clients:

Southeast Completed Leases 2013 - 2014 (YTD)

500,000 , 400,000 300,000 200,000 100,000 0 CB Richard Ellis

Cassidy Turley

Colliers

JLL

Newmark Cush & Wake Transwestern Knight Frank

Source: Xceligent

DirecTV: 256,000 SF Merrick Engineering: 104,000 SF Rio Tinto: 101,000 SF Sierra Nevada: 86,000 SF W.J. Bradley: 83,200 SF Recondo Technology: 51,000 SF Verio: 39,000 SF

Page 7

North DTC Market Potential Competition Overview Denver Corp Ctr II & III 7800 East Union 185,000 RSF 7900 East Union 100,000 RSF Potentially Available August 2015

Invesco Campus 269,000 RSF Potentially 100% Available October 2016

CoBank Center 5500 South Quebec Englewood, CO 80111 200,000 RSF Potentially Available late 2015

URS Center 8181 East Tufts Denver, CO 80237 125,000 RSF Potentially Available August 2015

5775 DTC 5775 DTC Boulevard Greenwood Village, CO 80111 125,000 RSF Available Immediately

I NTERSTATE

25

Quebec Court I 5700 South Quebec Englewood, CO 80111 130,000 RSF Available October 2015

Palazzo Verdi-Newmont Mining 6363 S Fiddlers Green Greenwood Village, CO 80111 100,000 RSF Sublease Potentially Available Late 2013 Millenium Plaza 6200 South Quebec Street Greenwood Village, CO 80111 330,000 RSF Potentially Available November 2014

Cararra Place 6200 South Syracuse Englewood, CO 80111 60,000 RSF Potentially Available August 2014

Cricket Communications Sublease 6380 S. Fiddlers Green Circle Greenwood Village, CO 80111 129,455 RSF Available in 90 Days

Page 8

South DTC Market Potential Competition Overview Former Buchtel Building 7229 South Alton Way Englewood, CO 80112 80,000 RSF Available Immediately

Charles Schwab Campus 9401 & 9601 East Panorama Englewood, CO 80112 270,000 RSF Available July 2014

Travelport 6901 South Havana Street Englewood, CO 80112 129,000 RSF Potentially Available August 2014

Shaw Building 9201 East Dry Creek Centennial, CO 80112 128,000 RSF Potentially Available September 2015

9100 East Mineral Circle 9100 East Mineral Englewood, CO 80111 160,000 RSF Available Immediately I N T E R S TAT E

25

Archstone Sublease 9200 E. Panorama Circle #400 Englewood, CO 80112 82,000 RSF Available Immediately

Charles Schwab 327 Inverness Englewood, CO 80111 110,000 RSF Available July 2014

Page 9

Meridian Market Potential Competition Overview

I N T ER S TAT E

25

lvd.

ian B d i r e M

Lincoln Ave. One Lincoln Station 9380 Station Street Lone Tree, CO 80124 143,000 RSF Available February 2014

Gateway Plaza at Meridian 9800 S Meridian Englewood, CO 80112 121,121 RSF Available Summer 2014

Page 10

Competitive Set Relevance Based on Building Class, Proximity to 5500 S. Quebec, Floorplate Size

Competitive Set: 30k - 40k Vacancies

4340 S. Monaco

4350 S. Monaco

5700 S. Quebec

6200 S. Qubec

6901 S. Havana

Invesco (Rivet Software & Square Two Financial Corp.)

Invesco (MDC)

TW Telecom

First Data

Travel Port

Lease Expiration

October 2016

October 2016

June 2015

November 2014

August 2015

Potential Available RSF

118,617 RSF

144,263 RSF

134,680 RSF

330,033 RSF

138,000 RSF

Rental Rate

$18.00 NNN

$18.00 NNN

$13.00 NNN

$8.00-10.00/ SF NNN

$12.00/SF NNN

Office Park

DTC

DTC

Greenwood Village

Greenwood Village

Arapahoe/Inverness

A

A

B

B

B

Floor Plate Size

29,654 RSF

24,043 RSF

44,894 RSF

66,006 RSF

69,000 SF

Parking Ratio

4.0 : 1,000

4.0 : 1,000

4.50 : 1,000

3.51 : 1,000

8.00 : 1,000

Invesco Sublease that expires in October 2016. MDC is the sublessor with two sub-sublessors

MDC is subleasing through the end of the term and is working on a direct renewal

Building Anchor Tenant

Building Class

Comments

Building will be competitive as it is in use proximit to 5500 Quebec with large 45,000 SF Floorplans and a stronger parking ratio

Long intense atriums makes for challenging layouts

Secondary location and dated building, good parking ratio

Page 11

Competitive Set Relevance Based on Building Class, Proximity to 5500 S. Quebec, Floorplate Size

Competitive Set: 30k - 40k Vacancies

9100 E. Mineral

9200 E. Panarama Cir

9380 E. Station St.

9401 E. Panarama Cir.

9601 E. Panarama Cir

Vacant

Archstone Sublease

Vacant

Charles Schwab

Charles Schwab

N/A

February 2017

Vacant

July 2014

November 2014

160,169 RSF

82,000 RSF

143,321 RSF

144,095 RSF

136,850 RSF

Rental Rate

$15.00-$16.00/SF/NNN

$16.00-$17.00/SF/NNN

$18.00-$19.50/SF/NNN

$18.00-$19.00/SF/NNN

$18.00-$19.00/SF/NNN

Office Park

Panorama

Panorama

Lone Tree

Panorama

Panorama

A

A

A

A

A

Floor Plate Size

40,000 RSF

34,965 RSF

24,500 RSF

35,000 RSF

35,900 SF

Parking Ratio

4.55 : 1,000

4.60 : 1,000

3.00 : 1,000

4.40 : 1,000

4.60 : 1,000

Good Single tenant building with large but curved floor plates

Lease out for single firm on this space it’s Travel Port

Great new construction opportunity. Great light rail and amenity access

Excellent large block option with highway signage available

Excellent large block option with highway signage available

Building Anchor Tenant Lease Expiration Potential Available RSF

Building Class

Comments

Page 12

Past and Current DTC Listing Successes Belleview Corporate Plaza I 90,000 RSF

Plaza 7000 72,660 RSF

Offices at Promenade 128,383 RSF

Stanford Place 1 273,000 RSF

Creekside 43,000 RSF

Current Listings Past Listings

Metropoint 1 270,000 RSF 5 DTC 55,000 RSF Crescent VII 135,044 RSF Denver Corporate Center I 195,000 RSF

Legacy Tower 224,015 RSF

Prentice Plaza 161,313 RSF

Edward Building 183,195 RSF

Terrace Tower 242,610 RSF

5750 DTC 30,256 RSF

Orchard Pointe 118,000 RSF

5775 DTC 125,000 RSF

Orchard Plaza 29,132 RSF

Atrium III 160,000 RSF

Page 13

Past and Current Greenwood Village Listing Successes 5500 S. Quebec 204,884 RSF

Current Listings Orchard Place A 67,034 RSF

Orchard Falls 142,221 RSF

Past Listings

Peakview Ave.

Greenwood Corporate Plaza Building 1: 103,318 RSF Building 2: 102,247 RSF Building 3: 102,206 RSF Building 4: 103,371 RSF Building 5: 102,696 RSF Building 6: 104,366 RSF

Greenwood Plaza Blvd.

Syra

cuse

Way

Qu

eb

ec

St

.

Orchard Place B 39,428 RSF

Plaza 25 Building 1: 49,314 RSF Building 2: 50,150 RSF Building 3: 97,174 RSF

I NTE RS TATE

eS

mit

e Yos

25

t.

E. Arapahoe Rd. Page 14

Plan to Beat the Competition STRATEGIC LEASING COMPONENTS Capitalize on Opportunities Active Tenants • Tracking list available to ownership • Foot prospecting catches movement in the market • No competing vacancies in our portfolio • Open information sharing among team and ownership ensures optimal market knowledge

Broker Awareness Reputation for Making Deals Less Complicated • Quick responses to tenant requests and RFPs • Enthusiasm for the assets we lease • True advocates for ownership • 4-Person team makes us available for all showings • Effectively manage different negotiation styles

Strategized Approach Proactive Marketing • Brand buildings/logo • Tech-savvy marketing tools catch the attention of tenants • HDR photography will quickly become industry standard • Premier CoStar listing status • Promotional materials serve as a reminder to brokers • Gift cards to Landmark shops after showings • Direct mail to affluent neighborhoods close-by

• Motivate brokers through incentives when necessary

Sell Strengths • Large block of space in one building • True Light Rail and retail amenity story • Undercut other more expensive large block rates • Large floorplate is among the best in Southeast Denver

• Adding Steve Schwab of Equity West to the listing team ensures highly competent and technically correct responses to Tenant prospects

Vacant Space Design • Hire architect to show exterior and interior redesign options for building

Page 15

Building a Mutually Beneficial Relationship GOAL: Elevate 5500 S. Quebec Asset Above the Competition OBJECTIVES

ACTIONS

Lease-up building to large tenant with minimal downtime Sell ownership as a deal maker

Four-person team provides optimal idea generation and information sharing. The upcoming vacancy will be addressed from three different angles: 1. Sell modifications to Building-both inside and out.

2. Hypothetical space planning to suit tenant demands. Show extraordinary building efficiences.

3. Proactive marketing – we know how to sell Greenwood Village.

Uphold financial capacity to transact Achieve favorable deal terms Capture metro wide geographic tenant interest

Cassidy Turley’s co-op broker relationships are second to none.

When we endorse an asset, co-op brokers know that they will be treated fairly and proactively.

No true conflicts of interest with competing properties. We think like owners!

• Bi-weekly activity calls with ownership.

• Foot and phone prospecting.

• Our current listing base ensures that we have up-to-the-minute leasing knowledge in multiple submarkets.

Proactive marketing

Our inventory is low and we have the time to put a major marketing push on this important and time-critical asset.

Page 16

Diminishing Large Blocks SOUTHEAST SUBURBAN OFFICE PROPERTIES METRO DENVER OFFICE PROPERTIES Large Block Availabilities Large Block Availabilities

60

• 7 Blocks built before 1976

51 Spaces

50

• 15 Blocks built before 1980

# of Sp paces

40

• 16 Blocks built before 1987

30

• 6 Blocks built between 1989-1999

20

17 Spaces 10 Spaces

10

• Only 7 blocks are year 2000 or newer

0 Over 50,000 SF

Square Fo ootage (Millionss)

45

Over 100,000 SF

SOUTHEAST SUBURBAN OFFICE PROPERTIES SOUTHEAST SUBURBAN OFFICE PROPERTIES Age and Vacancy

DENVER METRO OFFICE PROPERTIES DENVERAge METRO OFFICE PROPERTIES and Vacancy 180

45 M

160

40 35 30 24 M

25 20 15 10 5

12.3%

0 All Buildings (100%)

3.4 M

9.6 M

7.6 M

19 8% 19.8%

20.7%

1976 or Older (8%)

1980 or Older (17%)

10.8 M

Rentable Square Footage

9 6% 9.6%

6 2% 6.2%

1988-1999 (21%)

2000 or Newer (24%)

Vacant SF

160 M

140 120

108 M

100 80 58 M

60 40 M

40 20

16.1% 1987 or Older (54%)

Square Foootage (Millionss)

50

75,000 - 100,000 SF

12.1% 11.5%

12.5%

1976 or Older (25%)

1980 or Older (36%)

13.4%

0 All Buildings (100%)

1987 or Older (67%)

Rentable Square Footage

21 M

30 M

10.1%

8.7%

1988-1999 (13%)

2000 or Newer (19%)

Vacant SF Page 17

5500 South Qubec Floor Plans First Floor

Second Floor

Third Floor

Parking

Page 18

Renderings of Potential Repositioning of 5500 South Quebec CoBank Building

CoBank Cafe

CoBank Front Entry

CoBank Lobby

CoBank Reception

Page 19

Cassidy Turley Overview

National Coverage. Local Expertise.

Sixty offices.

Thousands of professionals who know their market. Inside and out.

Creating more value for their clients every day.

Cassidy Turley - Growth

WEST Northern California Burlingame Pleasanton San Rafael Capitola Sacramento Santa Rosa Monterey Salinas Walnut Creek Oakland San Francisco Palo Alto San Jose Southern California San Diego Carlsbad Los Angeles Colorado Denver

Denver Tech Fort Collins

Orange County

EAST MIDWEST Cincinnati, OH Dayton, OH Kansas City, MO Nashville, TN Milwaukee, WI

Columbus, OH Indianapolis, IN Louisville, KY St. Louis, MO Minneapolis, MN

Fort Collins

Arizona Phoenix

Baltimore, MD Bethesda, MD Boston, MA Charlotte, NC Columbia, MD New York, NY Parsippany, NJ Raleigh, NC Rochelle Park, NJ Somerset, NJ Tysons Corner, VA Washington, DC

Quick Facts

Our Core Values

• 60 U.S. offices

Exceptional Results for Our Clients

• $22

for 2012 • 400

SOUTH Atlanta, GA Dallas, TX Houston, TX Tampa, FL

billion in transaction volume completed million SF managed portfolio on behalf

of corporate, institutional and private clients

We do whatever it takes, wherever it takes us.

Dedication to Our Communities We don’t just work in our communities, we belong to them.

Growth for Our Company We grow to get better, not just bigger.

• 3,800 associates, including more than 970

brokers

Energizing Workplace for Our Associates Our people are more than assets; they are Cassidy Turley

Page 20

Who is the Cassidy Turley Team? we are a highly MOTIVATED Leasing Team

Doug Wulf

Dan Miller

Robert Knisely

Steve Schwab

29 Years Experience

17 Years Experience

12 Years Experience

30 Years Experience

Team Leader

Primary Contact

Secondary Contact

Parking

Primary Contact

Lease-Up Forecasting

Tenant Prospecting

Building Systems

Strategic Leasing Approach

Plug & Play Expert

Marketing Strategy

Building Operation

Market Information Source

Strategy Implementation

Creative Promotions

TI Costs

Tours

Tours

Tours

Deal Structures

Proposal Generation

Proposal Generation

Proposal Generation

Market Information

Lease Negotiation

Lease Negotiation

Lease Negotiation

Marketing Strategy

Networking

Broker Awareness

Broker Awareness

Lease Negotiation

Broker Awareness

Marketing Strategy

Lease-Up Forecasting

Broker Awareness

Activity Reporting

Activity Reporting

Activity Reporting

Senior Vice President

Senior Vice President

Senior Vice President

Partner

strong reputation

DRIVEN Results

5 5 0 0 S Q uebec T eam

Fresh Perspective

Doug Dan robert Steve

eNTHUSIASM AND ENERGY

PROACTIVE

Experts in leasing greenwood plaza vacancies • • • • • •

Completed 110 deals in Greenwood Plaza since the beginning of 2011, totaling 605,000 RSF 152,000 RSF currently out for lease in Greenwood Village to be executed in the next 30 days Outstanding broker relationships Can sell benefits of Greenwood Plaza Exploit steadily increasing search volume for Greenwood Plaza office space Know all tenant stacking plans

Page 21

Team Resume / Doug Wulf Representative Client List

C. Douglas Wulf Senior Vice President 1515 Arapahoe St. #1200 | Denver, CO 80202 T 303.312.4218 C 303.332.6759 F 303.534.8270 Doug.wulf@cassidyturley.com | www.cassidyturley.com/colorado Professional Expertise Mr. Wulf has consistently been in the top five percent of all office brokers in the metropolitan area over the last twenty-nine years. As well, he is well known as an authority on trends and conditions in the Denver office market and is a frequent participant and speaker in Denver commercial real estate symposiums. Doug maintains the highest overall total production of any broker at Cassidy Turley Colorado over the past 15 years.

Commercial Real Estate Broker Commercial Real Estate Broker

Cassidy Turley Colorado CB Commercial (CBRE)

1993 – present 1984 – 1993

Doug has been involved in over 2,000 lease and sale transactions totaling nearly 12 million square feet of space and over $1.3 billion of consideration. Cassidy Turley Fuller Real Estate is among Denver’s three largest commercial real estate brokerage firms with 50 producing brokers.

Areas of Specialization Owner Representation Tenant Representation Professional Recognition #1 Producing Broker – 2012, 2011, 2010,2009, 2006, 2005, 2002, 1994 Cassidy Turley Colorado #2 Producing Broker – 2008, 2007, 2003, 2001, 2000, 1997 Cassidy Turley Colorado #3 Producing Broker – 2004, 1999, 2013 Cassidy Turley Colorado Recipient of Denver’s NAIOP “Office Broker of the Year” Award for all of Metro Denver – 1994, 2012 Top Five Office Salesperson Five Consecutive Years 1988- 1993

CB Richard Ellis

(Formerly CB Commercial)

Owner Representation Doug has represented landlords in over 50 different office properties in Denver. Whether his clients have been local or national owners, entrepreneurial or institutional, Doug is keenly aware of how to negotiate on a landlord’s behalf and provide optimal results in the shortest period of time. Some of his listing assignments have been with ownership groups such as Homart Development, iStar Financial, US Bank, Walton Street Partners, TA Realty, Dividend Capital, Allstate Insurance, Beacon Capital, Lowe Enterprises, Mutual of New York, the Denver Tech Center, the Patrinely Group, California Federal Savings, Broadreach Capital, Public Employees Retirement Association of Colorado, USAA Realty, CMD Realty, Shea Properties, Carr America, Aldrich Eastman Waltch, Lexington Capital, NCR and the National Bank of Canada to name a few.

Education Indiana University

2 B.A. Degrees

Buildings Listed ParkRidge Corporate Center Greenwood Corporate Plaza Park Central Building Marketplace 1125 Seventeenth Street 1700 Broadway 1675 Broadway Stanford Place Metropoint 161 Inverness Drive West Metro South Technology Center Milestone Tower Denver Corporate Center Plaza 25 Fillmore Place 1801 Broadway The Commons One Cherry Center The Allstate Building * Columbine Place Lawrence Street Center Harlequin Plaza Crescent VII Writers Square One Denver Highlands Offices at the Promenade Orchard Centre Sheridan Office Plaza Corporate 25 Orchard Place 304 Inverness Orchard Pointe Highpoint 50 South Steele * Rampart Office Plaza Century Bank Oracle Center Maroon V Metro North NCR Building Central Place *Panorama Falls * Dorado Building *1800 Glenarm * Tri-State Building 101 University *Leased and Sold

Recent Major Transactions Total Size 860,000 SF 610,000 SF 568,000 SF 525,000 SF 485,000 SF 354,000 SF 328,000 SF 273,000 SF 270,000 SF 256,000 SF 250,000 SF 230,000 SF 195,000 SF 190,000 SF 189,000 SF 189,000 SF 165,000 SF 152,000 SF 150,000 SF 145,000 SF 145,000 SF 145,000 SF 135,000 SF 135,000 SF 130,000 SF 130,000 SF 121,000 SF 120,000 SF 120,000 SF 120,000 SF 118,000 SF 118,000 SF 117,000 SF 114,000 SF 110,000 SF 90,000 SF 90,000 SF 88,000 SF 88,000 SF 72,000 SF 74,000 SF 68,000 SF 68,000 SF 68,000 SF 57,000 SF 50,000 SF

Tenant American Century Mutual Funds DirecTV-2012 DirecTV-2007 Markwest Energy Partners Bridgepoint Education Colorado Department of Labor US Borax Merrick Engineering Aircoa Time Warner TeleComm Sierra Nevada AT&T Petroleum Information Markwest Energy Partners Keybank Exclusive Resorts Oracle Youth for Christ Barrett Resources Corporation Utility Engineering BAXA Pharmaceutical Nel Net MoneyGram Space Imaging Rhythms Net Connections Wild Blue Communications Defense Information Systems Countrywide Insurance Tri-County Health Jefferson County Haliburton First Data Western Gas Resources Microsoft Rocky Mountain Health Plans MetLife Hewlett Packard Verio QC Data Mercury Interactive Merrill Lynch High Noon Entertainment Physicians Health Partners CNA Insurance US Homes (50+ additional leases in excess of 20,000)

Total Size 265,000 SF 257,000 SF 257,000 SF 215,000 SF 185,000 SF 110,000 SF 104,000 SF 103,000 SF 90,000 SF 90,000 SF 86,000 SF 86,000 SF 85,000 SF 78,000 SF 78,000 SF 78,000 SF 75,000 SF 68,000 SF 66,000 SF 65,000 SF 64,000 SF 62,000 SF 61,000 SF 60,000 SF 60,000 SF 60,000 SF 57,000 SF 56,000 SF 55,000 SF 51,000 SF 50,000 SF 45,000 SF 45,000 SF 44,000 SF 44,000 SF 40,000 SF 40,000 SF 38,000 SF 36,000 SF 33,000 SF 33,000 SF 31,000 SF 31,000 SF 30,000 SF 30,000 SF

Page 22

Team Resume / Dan Miller

Office

Office

Dan Miller Senior Vice President Cassidy Turley 1515 Arapahoe St. #1200 | Denver, CO 80202 T 303.312.4272 C 720.980.7609 F 303.534.8270 Dan.Miller@CassidyTurley.com | www.cassidyturley.com

Professional Expertise

For the last 15 years Dan Miller has successfully executed hundreds of leases transactions representing both Tenants and Landlords in the Denver Metropolitan area. His extensive experience and commitment to leasing has led him to be a powerful negotiator with unparallel market knowledge that offers his clients a sincere and recognizable contribution. Dan has consistently been recognized over his career as one of Denver’s top office leasing brokers and he continues his commitment and excellence to the leasing profession. Dan has successfully split his time between tenant representation and landlord work which have included national, institutional and local clients. Further, Dan’s finance background has proved beneficial with lease analysis and underwriting. Clients have consistently found Dan to be knowledgeable, accessible, ethical, creative, and hard working.

Experience

Commercial Real Estate Broker Financial Analyst Major Account Representative

Cassidy Turley, Colorado Market Cassidy Turley, Colorado Market Konica Corporation

1997 - Present 1995 - 1997 1991 - 1995

Partial list of tenant clients MCI United States Postal Service 180 Connect Jefferson-Pilot Communications JE Dunn Construction Company Penn Mutual Enterprise Leasing Colorado Casualty Children’s Hospital Concentra TMAC Monitor Liability Storman International Brisbane Company First City Financials Pro Group International Country Insurance References available upon request

Clifton Gunderson Alpine Partners House, Meyer, Hansen & Allen Sona Ironwood Communications National Health Resources Tri-Power Fuel Cornerstone Partners JR Engineering First Annuity & Insurance Mobex Communications Price Waterhouse Roche Pharmaceuticals Context Integration Browning Group On-Line System Services ARC

Sattler Homes CBE Group Ascolta Aegis Financial Sera Funding National Finance Corporation Ameritech Tele-Choice Rigid Building Systems Webb Interactive South Denver Mortgage Sierra Funding Penn Mutual Inacom West American Mortgage Micro-Image Corporation Scottish RE

Areas of Specialization Owner Representation Tenant Representation Owner Representation

Dan Miller has vast experience with landlord representation and has developed the ability to successfully negotiate on the landlord's behalf. His extensive knowledge of the office market trends and conditions has been extremely beneficial to his clients in saving time and money. Dan has listed properties for both institutional owners and local owners. Some clients include: The Patrinely Group, Shea Properties, Equity West, Broadreach Capital, TA Realty, The Sheridan Group, DPC Management, Sherron Associates, and CarrAmerica. This experience coupled with his financial analysis capabilities offers landlords a sincere and recognizable contribution.

Tenant Representation

Major tenant representation transactions completed by Dan including all types of tenants, large and small, local and national.

Education

University of Denver Masters in Business Administration (Emphasis: Finance Real Estate) Colorado State University Bachelor of Arts

1995 - 1997 1987 - 1991

Page 23

Team Resume / Robert Knisely

Owner Representation Robert has extensive experience with landlord representation and has developed the ability to successfully negotiate on behalf of building owners. His extensive knowledge of the office market trends and conditions has been extremely beneficial to the landlords he represents. Robert has listed properties for both institutional owners and local owners including Beacon Capital Partners, Transwestern Investment Services, Loeb Partners Realty, Broadreach Capital Parnters, Walton Street Capital, Guggenheim Partners, and Equity West.

Education University of Denver 1997-2001 Bachelor of Science and Business Administration Finance and Marketing Major (Minor: Economics)

Robert Knisely Senior Vice President 1515 Arapahoe St. #1200 | Denver, CO 80202 T 303.312.4235 C 303.929.3410 F 303.534.8270 Robert.knisely@cassidyturley.com | www.cassidyturley.com/colorado Professional Expertise Mr. Knisely has been a great asset to Cassidy Turley Colorado in that he brings a high level of energy and enthusiasm to the office leasing team. His personal skills and ability to prospect have proven beneficial in both landlord and tenant representation. Robert has gained valuable experience representing landlords and tenants in the Downtown, Southeast, Aurora, and the Colorado Blvd/Glendale markets. His efforts in research and prospecting have contributed greatly to his understanding of office market trends and conditions that in turn offer benefits to his clients.

Commercial Real Estate Broker Real Estate / Development Intern

Cassidy Turley Colorado Neenan Company

2001 - Present 2000 - 2001

Areas of Specialization Owner Representation Tenant Representation

Tenants Served Alliance Power Alpine Partners, Inc. California Financial Group Capital Commerce Mortgage Co. Collateral Finance Partners Corporate Benefit Services of America Creative Mortgage, Inc. Data Cabling Services, Inc. DHL Express, Inc. Great Home Mortgage Company Integrated Mechanical Systems Software A6 Classic Brands/Topperscott

Leyendecker & Lemire Nathan, Bremer, Dumm & Meyers, PC Petroleum Place RKF, Ltd. Sierra Risk Management Scofield & Scofield, PC Superior Energy Services Sutton Law Offices The Spanos Corporation United States Postal Service Woolpert, LLP 180 Connect, Inc. Comprehensive ENT

Properties Marketed

Owner Representation Robert has extensive experience with landlord representation and has developed the ability to successfully negotiate on behalf of building owners. His extensive knowledge of the office market trends and conditions has been extremely beneficial to the landlords he represents. Robert has listed properties for both institutional owners and local owners including Beacon Capital Partners, Transwestern Investment Services, Loeb Partners Realty, Broadreach Capital Parnters, Walton Street Capital, Guggenheim Partners, and Equity West.

Education University of Denver 1997-2001 Bachelor of Science and Business Administration Finance and Marketing Major (Minor: Economics)

Park Central 1125 17th Street MarketPlace Towers Milestone Tower CoBank Building Edward Building Denver Centerpoint I Sheridan Center 400 South Colorado AmeriVest Plaza Panorama Falls

537,210 SF 489,393 SF 315,000 SF 220,000 SF 205,000 SF 183,195 SF 164,685 SF 137,000 SF 125,415 SF 120,000 SF 62,000 SF

Office Court on Inverness Hilltop Mesa International Building California Building Union Square Office Complex Equinox Building 8201 Shaffer Parkway 1530 Blake Street 5005 West 81st Place 1550 Dover Street 2616 West Alamo Avenue

55,000 SF 50,000 SF 41,000 SF 35,000 SF 24,000 SF 22,000 SF 20,000 SF 20,000 SF 15,500 SF 17,500 SF 5,500 SF

Tenants Served Alliance Power Alpine Partners, Inc. California Financial Group Capital Commerce Mortgage Co. Collateral Finance Partners Corporate Benefit Services of America Creative Mortgage, Inc. Data Cabling Services, Inc. DHL Express, Inc. Great Home Mortgage Company Integrated Mechanical Systems Software A6 Classic Brands/Topperscott

Leyendecker & Lemire Nathan, Bremer, Dumm & Meyers, PC Petroleum Place RKF, Ltd. Sierra Risk Management Scofield & Scofield, PC Superior Energy Services Sutton Law Offices The Spanos Corporation United States Postal Service Woolpert, LLP 180 Connect, Inc. Comprehensive ENT

Page 24