Corporate:

Chandler Partners is a local development firm with a 35 year track record developing commercial and residential real estate in Southern California. The firm is in the business of creating added value to real estate assets. Our mission is to create the maximum value in each real estate asset transaction and/or development. Our successful track record is due to four factors that we rigorously adhere to:

• Financial Discipline
• Local Development Expertise
• Superior Market Knowledge
• Quick, Knowledgeable Decisions

Development Strategy

The firm divides its real estate projects into three main areas across two product types which creates synergistic opportunities:

	Residential: Multi-Family and Mixed-Use	Commercial: Industrial & Office Condominiums
Rehabilitation	Apartments & Condominium Conversions	Industrial and Office Condominium Conversions
New Development	Apartment & Condominium	Industrial and Office Condominium
Land Entitlements	Synergistic Opportunity

With this unique focus and accompanying skill sets, Chandler Partners can acquire land currently zoned for Commercial use and create value by gaining Residential zoning. However, the entitlement risk is eliminated by assuring an alternative development plan of Commercial Condominiums.

Each area possesses its own unique set of financial parameters, return ratios, and performance goals. By combining all of these into one business plan, we are able to analyze our real estate opportunities with various entry, hold, and exit strategies tailored to achieve our business plan.

Strategically develop residential and commercial real estate that:

• Creates maximum added value for each real estate opportunity
• Exceeds financial return projections
• Has the best possible market and neighborhood location

Commercial Use Condominiums Mission Statement :
Provide small business owners an economical alternative to leasing their building by providing small, flexible use condominiums and free standing buildings for purchase

Chandler Partners teams up with both large and small investor partners, in a strategic alliance, to fund and develop a series of projects. This allows quick execution, reliable delivery, and better productivity. Chandler Partners has a select group of investors in place, funded, and ready to invest. In special cases, Chandler Partners has partnered with other private or public development firms to deliver real estate product, and can utilize this method as well.

Chandler Partners performs as development partner and managing member. Equity investors are capital partners.

Chandler Partners invests in projects with its equity partners under terms similar to:

	Residential: Multi-Family and Mixed-Use	Commercial: Industrial & Office Condominiums
Project Size:	30-150 units $10-100 million total cost	$10-$50 million total cost
Equity Amount:	20%	20%
Exit Strategy:	50% of projects are held long term; balance are sold	100% of projects are sold to end users

The following describes the general parameters of our projects:

	Residential:	Commercial: Industrial & Office
Project Overview:	Market Rate Senior Apartments Luxury Apartments Young Professionals Retail Mixed Use Community Space	Industrial Distribution & Light Warehousing Office Creative Space
Income Level:	Affordable Market Rate Luxury Units	Small Business Owners Satellite location for Corporate parent
Site Characteristics:	Small urban in-fill sites: 1+ acre Large suburban in-fill sites: 5+ acres	Urban in-fill sites: 5+ acres
Density:	Lower density projects on large sites where land is available Mixed-use components of retail or office, depending on the market High density multi-story projects on tight urban sites	N/A
Size & Architecture:	30 to 200 units for new development and rehabilitation projects 100-300+ units for land entitlements Type III & V - 1 hour fully-sprinklered with surface parking	50,000 -100,000 sq ft for new development and rehabilitation projects 1 to 2 stories Concrete Tilt-Up buildings for industrial or office use Full tenant improved build-out or cold shell depending on market demands