Dear Friends:

The Mindlin Companies invests in a diverse portfolio of real estate, specializing in value-added,
growth and income producing properties where we use our skill and experience to maximize
the value of the assets.This strategy is integral in our business model and continues to be
practiced successfully to this day.

The Mindlin Companies owns industrial warehouses, distribution centers, flex, office, retail and
apartment buildings. Our diverse portfolio employs a two-pronged approach: 1) own properties
in many geographic markets and 2) own different property types.This regional and propertytype
diversification allows the Mindlin Companies to participate in dynamic growth and expansion
activities in various markets.

Over the years, the Mindlin Companies has developed long-term relationships with a loyal
group of investors who have relied on our extensive real estate expertise.The Mindlin
Companies consistently delivers profitable opportunities to its investors, and will continue
to reach out for their participation as our company grows.

It shall always be the goal of the Mindlin Companies to fulfill the fundamentals of our business
plan: “being in the right place at the right time, all the while serving our investors with
integrity and open communications.”

Best regards,

Bradley H. Mindlin
President
Mindlin Companies
(818) 783-8464