Real Assets Case Studies

Real Assets Property Services, Inc. Case Study: Retail & Of fice

616 E Pine Street

28,000SF Retail & Office

• Net income in 2008, pre-Real Assets management was $198,000; by 2010, under Real Assets management it increased 25% to $248,000.

• As leasing broker Real Assets negotiated leases for new and renewing tenants including: Stumptown Coffee, Enterprise Rent-a-Car, Enotes, Rudy’s Barber Shop and PB Architecture.

• Occupancy increased from 90% to 100% in the twelve months subsequent to Real Assets joining the team.

• In 2010, after establishing strong operating income, the owners, Heath Properties LLC, invested in a renovation of common areas. Real Assets designed and performed a cost-sensitive green building renovation creating a loft-type office environment.

Real Assets Property Services, Inc. Case Study: Mixed Use

ORB: 240,000 SF Warehouse, Office, Residential • • • • • • •

FIRST YEAR MANAGEMENT & LEASING ACCOMPLISHMENTS INCLUDE: Closed four leases resulting in a $350,000 increase to annual net income Strengthened landlord/tenant relationships compromised under prior management Completed two five-year lease renewals totaling 35,000SF at increased rent Assisted Owner’s with EPA mandated cleanup of PCB toxins in exterior paint Standardized maintenance procedures and contracts with cost-effective, professional vendors Renovated 30,000 square feet of functionally obsolete warehouse space for incoming showroom/warehouse and live/work tenants.

Qualified for Seattle City Light incentive that covered cost of lighting upgrade in renovated space.

Real Assets Property Services, Inc. Case Study: Mixed Use

6th Avenue, Tacoma: 10,000 SF Retail & Loft Purchased distressed and neglected historic building from foreclosure Transformed building and improved a blighted neighborhood corner of Tacoma Renovated and leased retail vacancies to a wine bar and coffee roaster/café Converted residential loft to office and production studio spaces Synergized tenant mix and created a vibrant building Solved complicated drainage issues underground with innovative cost-effective solutions • Achieved 10% annual returns for investors • Real Assets continues to manage and maintain property to high standards for its quality tenants • • • • • •

Real Assets Property Services, Inc. Case Study: Warehouse & Of fice

sixth@LANDER 118,000SF Warehouse & Office • Designed, renovated and rebranded its client, American Life, Inc. • Owner’s investment of $1,000,000 increased revenue $210,000 annually.

• Real Assets manages the property currently and serves as the leasing broker.

• Occupancy increased from 65% to 95% within eighteen months of Real Assets’ assuming the management role.

• Real Assets recently designed and installed a lighting controls package, paid for by City Light, which saves $7,000 annually.

• Real Assets began a no-cost, full participation recycling campaign in 2010. With tenant’s enthusiastic participation refuse expenses have decreased $1,000 monthly.

Real Assets Property Services, Inc. Case Study: Retail Revitalization

Seward Park Gateway 10,000 SF Retail • Adaptive re-use of neglected former grocery store • Construction and tenant improvements completed by Real Assets Contractor Services, Inc. in 2008 • Leased by Real Assets Property Services, Inc. to AutoZone, Inc. prior to completion of shell renovation.

• Sold by Real Assets Property Services to private investor in 2009 at a cap rate of 6.9% • Investors in Seward Park Gateway LLC were returned a 35% profit over the two years that real estate indices dropped 30%

Real Assets Property Services, Inc. Case Study: Retail Shopping Center

Orchard Court

15,000SF Retail

• Construction completed by Real Assets Contractor Services, Inc. in 2008 • Leased by Real Assets Property Services, Inc. during 2008 – 2009 retail recession.

Leased 75% in 2009. By close of 2010 shopping center was 90% leased.

• Tenants include United States Government (Army Recruiting Office), 7-Eleven Corporation, 911 Driving School, Pizza Factory, Holt Chiropractic & Massage.

• Distinctive and cost-saving design by Real Assets and Soluri Architects • Tenant improvements designed and coordinated with tenants and performed by Real Assets • Managed by Real Assets Property Services, Inc.