Alliance Residential Company

Alliance Residential Company ("Alliance") is a fully integrated multifamily real estate operating company focused on development, acquisition and the management of multifamily residential and mixed-use communities in the Western, Southern, South-Central, Southeast and Mid-Atlantic United States. Headquartered in Phoenix, AZ, Alliance has 19 regional offices throughout the United States. Over the past 18 years, Alliance's principals have successfully developed, acquired, renovated or redeveloped over 100 communities in 10 states across the United States, making it one of the largest multifamily companies in the country. To date, their third-party multifamily management portfolio exceeds $6 billion and spans over 16 states and 20 major markets.

To learn more about Alliance, visit their web site at www.allresco.com.

Panattoni Development Company

Panattoni Development Company ("Panattoni") is one of the largest fully integrated operating and development companies in the world with 30 offices throughout the United States, Canada, and Europe. The firm has built and sustained their substantial investment pipeline through their local developer presence, national tenant and broker relationships, and their reputation as a significant player in the industrial arena. Panattoni has developed and managed industrial, office, and retail facilities in more than 175 markets and has developed over 75 million square feet of space during the last 5 years.

To learn more about Panattoni, visit their web site at www.panattoni.com