ABOUT CT REALTY

CT Realty Corporation’s strategy is to consistently grow and manage a real estate portfolio through investment and development of properties with income and value growth potential. Product types include office, industrial, retail, mixed-use, multi-family, single family residential, senior housing, medical buildings, storage facilities, RV parks and golf courses. CT also develops and invests in self-storage properties. All of the company’s projects have been focused in the high-growth markets of Southern California, Central California, Northern California and Phoenix with values primarily in the $4 million to $40 million range. The company was formed in 1994 with 13 shareholders including its founders, Bob Campbell and Tom Thompson. Eventually, the company’s shareholder base was increased to 43 in total.

The CT capital invested in each transaction is sourced from the company’s private equity funds. The company has raised and deployed over $235 million in equity over the years via five individual California Funds. The first, CT California Fund, formed in the spring of 1998, invested in a portfolio of 27 commercial, office, multi-family, medical office, industrial and R&D properties with a total sales price in excess of $300 million. Each of the funds since have invested in and developed similar properties leading to the latest California Fund which was formed in 2007, CT California Fund VI, a $31 million equity commitment. In addition, CT has also created a $10 million specialty fund by the name of CT Land Fund I which is dedicated to the purchase of entitled residential land.

In addition, CT has sponsored four Self-Storage Funds totaling approximately $34 million in equity. CT Self-Storage Fund was formed Fall 1999 and has developed a portfolio of four properties. Three of the properties use large shipping containers converted into self-storage units, while the fourth property was developed using traditional ground-up construction. CT Self-Storage Fund II, III and IV were formed in subsequent years and have developed more than twelve other self-storage properties. Therefore, a total of sixteen self-storage properties have been purchased and/or developed by CT.

CT’s management has maintained operational control as the general partner, managing member or managing agent in all its investments. Since 1994, CT has sold 110 properties out of 148 in the company’s portfolio. These 148 properties include 5,450 apartment units and over 8.7 million square feet of office and industrial space. Total transactions are valued at more than $2 billion.

CT/KDF Community Development Partners, LLC, a new entity formed by CT Realty and KDF Communities, received a $90-milion allocation under the US Treasury Department's New Markets Tax Credits (NMTC) Program. Under the federal program, CT/KDF generates a credit against federal income taxes for making qualified equity or debt investments in specific qualifying locations. The credit equals 39% of the investment's cost and is claimed over a seven-year period. Since the NMTC Program was created, about $12.1 billion in tax credits have been awarded to various community development entities. The LLC will principally use the funds to provide discounted equity to create infill mixed-use communities near transit-oriented sites in distressed areas.