Investment Opportunity

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1 TeleTech Call Center Double Net Leased 6501 E. J. Oliver Blvd, Fairfield, AL Property Summary: This building is is 86,566 square feet located on approx. 10 acres of land with 425 parking spaces. The building is is constructed of 12 x 4 concrete masonry block walls, steel bar joist and truss girder roof framing system on 6 slab on grade concrete over vapor barrier and 4 granulated fill and is is fully sprinklered. Building height to to top of front wall masonry is is 37 feet and 23 feet to to top of rear wall masonry. The tenant has preformed, at at its sole cost, substantial improvements to to the property estimated at at $4,000,000. Improvements include dual fiber-optic cable systems. The roof was replaced in in 2002 with a new single ply EPDM rubber membrane roof (Single Source - manufacturer) and has a 10 year warranty. The parking lot is is in in good condition. Area tenants include Wal-Mart, KFC, Home Depot, CVS, Sears, Firestone Tire Center, Shell, Southern Family Market, Pizza Hut, Express Oil Change, Papa John s Pizza, Sonic and Southtrust Bank among others. A new Wal-Mart Supercenter is is being built on the Northeast corner of the adjacent Western Hills Mall to be completed in 06. Price and Cap: We offer this property at at $4,886,000 which is is a 11% cap rate on NOI of $537,500. Tenant: TeleTech Holdings Inc. (Nasdaq: TTEC) TeleTech Holdings, Inc. is is a public company with a $851 market cap, sales of $1.087 billion, operating income of $30 million and net tangible assets of $248,423,000. The company serves its clients through two primary businesses, Customer Management Services and Database Marketing and Consulting. The Customer Management Services business provides outsourced customer support and marketing services for a variety of industries via call centers (customer management centers) throughout the world. The Database Marketing and Consulting business provides outsourced database management, direct marketing and related customer retention services for automotive dealerships and manufacturers in in North America. Lease Type: This is is a double net lease. Tenant maintains liability insurance and reimburses landlord for real estate taxes. Tenant is is responsible for all non-structural repairs and replacements to to the premises. Landlord maintains fire insurance on the property and is is responsible for repairs and replacement to to roof and HVAC. Tenant is is responsible for HVAC maintenance and preventive maintenance contract. Lease Summary: Lease Term 9 Years and 1 Month Annual Rent: $537,500 ($6.21 psf) Rent Commencement Date: 2/9/00 Expiration Date: 2/28/09 Options to to Renew: Option 1 - March 1, 1, 2009 Oct. 31, 2014 $537,500 ($6.21psf) Option 2 - Nov. 1, 1, 2014 Oct. 31, 2019 $562,500 ($6.50psf) Option 3 - Nov. 1, 1, 2019 Oct. 31, 2024 $575,000 ($6.64psf) Option 4 - Nov. 1, 1, 2024 Oct. 31, 2029 $587,500 ($6.79psf)

2 Western Hills Mall 480,399 sf NEW Wal-Mart Supercenter Coming 06 Flintridge Centre Belleview Plaza 222,865 sf

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5 PERIOD ENDING 31-Dec Dec Dec-03 Teletech Balance Sheet All numbers in thousands Assets Current Assets Cash And Cash Equivalents 32,505 75, ,655 Short Term Investments Net Receivables 236, , ,781 Inventory Other Current Assets 30,270 31,579 26,932 Total Current Assets Long p Term y Investments Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets 299, , , , , ,690 32,077 30,613 30,200 12,874 14,607 19,237 9,871 22,872 27,426 30,621 18,454 8, , , ,816 Liabilities Current Liabilities Accounts Payable 160, , ,927 Short/Current Long Term Debt ,824 Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Misc Stocks Options Warrants Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 160, , ,751 34,152 7, ,463 17,157 13,936 17,907 6,821 8,586-6,544 7,872 9, , , , , ,457 90, , , ,591 3,698 8,275-2,283 Total Stockholder Equity 293, , ,512 Net Tangible Assets $248,423 $277,325 $236,075

6 30 Minute Drive Time

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8 own Pleasant Grove g 2003 Average Income 5.00 Miles By Block Group Minor RMINGPORT RMINGPORT RMINGPORT RMINGPORT RMINGPORT RMINGPORT RD RD RD RD RD RD RD RD RD 19TH 19TH 19TH 19TH 19TH 19TH 19TH 19TH 19TH ST ST ST ST ST ST ST ST ST 3RD AVE 13TH ST Edgewater 269 McDonald Chapel 3.00 Miles 5TH AVE ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT ALLISON-BONNETT MEMORIAL MEMORIAL MEMORIAL MEMORIAL MEMORIAL MEMORIAL MEMORIAL MEMORIAL MEMORIAL DR DR DR DR DR DR DR DR DR R RIVER RD SEMER SEMER SEMER SEMER SEMER SEMER SEMER SEMER SEMER JOHNS JOHNS JOHNS JOHNS JOHNS JOHNS JOHNS JOHNS JOHNS RD RD RD RD RD RD RD RD RD $75,000 or more $60,000 to $75,000 $45,000 to $60,000 $30,000 to $45,000 Less than $30,000 DOLONAH RD WEST WEST WEST WEST WEST WEST WEST WEST WEST LAK LAK LAK Dolomite 15TH 15TH 15TH 15TH ST 20 18TH 18TH 18TH 18TH 18TH 18TH 18TH 18TH 18TH AVE AVE AVE AVE AVE AVE AVE AVE AVE 19TH ST ST N 14TH 14TH 14TH 14TH ST ST ST ST ST ST ST ST ST N 10TH 10TH AVE AVE Brighton 32ND ST ST N Fairfield, AL DOCENA SANDUSKY RD 9TH 9TH 9TH 9TH 9TH 9TH 9TH 9TH 9TH CT CT CT CT CT CT CT CT CT 1.00 Mile n Fairfield Midfield Lipscomb 35TH 35TH 35TH 35TH 35TH 35TH 35TH 35TH 35TH ST ST ST ST ST ST ST ST ST 11 DANIEL AVE AVE AVE AVE AVE AVE AVE AVE AVE 1ST ST 6TH PL 16TH ST 20TH PL ENSLEY V AVE AVE AVE AVE AVE AVE AVE AVE AVE 31ST ST SW 24TH ST SW Shannon 16TH PL SW 11TH CT W 8TH 8TH 8TH 8TH 8TH 8TH 8TH 8TH 8TH AVE AVE AVE AVE AVE AVE AVE AVE AVE W 12TH 12TH 12TH 12TH 12TH 12TH 12TH 12TH 12TH ST ST ST ST ST ST ST ST ST SW SW SW SW SW SW SW SW SW ISHKOODA-WENONAH RD SW LAKESHORE LAKESHORE LAKESHORE LAKESHORE LAKESHORE LAKESHORE LAKESHORE LAKESHORE LAKESHORE PKY 78 32ND A 16TH 16TH 16TH 16TH 16TH 16TH 16TH 16TH 16TH ST ST ST ST ST ST ST ST ST N N N N N N N N N 15TH CT 4TH ST SW 1ST 1ST 1ST 1ST 1ST 1ST 1ST 1ST 1ST PL PL PL PL PL PL PL PL PL S S S S S S S S S BARBER CT 11T GREEN SPRING OXMOOR OXMOOR OXMOOR OXMOOR OXMOOR OXMOOR OXMOOR OXMOOR OXMOOR RD GREEN GREEN GREEN ALFORD A TYLER R CHAPEL CHAPEL RD RD PATTON C Demographics Site # Estimates 1 Mile 3 Mile 5 Mile Total Population: 9,773 66, ,186 Total Households: 3,663 24,751 51,617 Avg. HH Income: $40,534 $38,556 $38,216 Med. HH Income: $30,741 $31,158 $31,142 Updates of 2000 Census Data by Claritas.