DEVELOPMENT TEAM Michelson Commercial Realty and Development L.L.C. and Knapp Development have managed the development of Sumner Park since its inception. The development team has extensive experience in developing real estate on a national basis. Since 1927, The Michelson Organization has been a name widely known and respected for outstanding success in developing, acquiring, and managing real estate investments. Based in Saint Louis, Missouri, the Company's portfolio includes a variety of income producing properties aggregating approximately $400 million, located in 31 cities and 17 states. Timothy L. Berry has been actively involved in the development, construction, leasing, and management and financing of properties on a national basis for over 30 years. Cliff Koebel has over 25 years experience in real estate finance, management/leasing and investments including real estate development on a national basis. Ted Knapp, of Knapp Development, has over 25 years of highly diversified experience in all aspects of commercial real estate development, including 11 years as Regional Vice President for Union Pacific Realty Company. In this capacity, Mr. Knapp oversaw the development of seven industrial parks in the Kent Valley, encompassing nearly 1,200 acres of land. The current parks currently occupy over 10 million square feet of industrial and office space. Development Partner: One of Michelson-Knapp’s local partners is Washington Capital Management, Inc. (WCM). WCM is an independent employee owned investment advisory firm headquartered in Seattle, Washington with branch offices in Spokane, Portland, San Diego, and Anchorage. WCM’s business is to provide investment solutions for institutions and high net-worth individuals by implementing strategies in stocks, bonds, and real estate. In 2003 Washington Capital Management was named among the top 50 US real estate investment advisors ranked by institutional tax-exempt real estate assets under management, by Pension & Investments. Assets under management exceed $10 billion in stocks, fixed income securities, real estate and cash.