Markets

While our scope is national, we have achieved great success by entering limited geographical markets - often on a contrarian basis - and then using our accumulated knowledge of local conditions to further pursue attractive opportunities.

When market conditions are favorable, we evaluate individual properties based on:

• Strong locations with proximity to major traffic arterials and airports, a well-qualified labor pool, and upscale shopping and residential areas.

• Building layouts demised for numerous small suites, with no single tenant occupying more than 15 percent of the property. This policy enables us to limit leasing risk and lease rollover costs.

• Buildings with architectural merit that will stand the test of market cycles and changing trends.

• Opportunities to realize energy savings and other operating efficiencies that reduce expenses.

With our highly disciplined approach to evaluation, by consistently improving our properties, and by maintaining healthy cash reserves, we seek to lower investor risk while assuring an unwavering focus on solid returns.