A 530,068 SF, NINE-BUILDING, HIGH QUALITY, MULTI-TENANT BUSINESS PARK IN THE PORTLAND INDUSTRIAL MARKET

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1 A,06 SF, NINE-BUILDING, HIGH QUALITY, MULTI-TENANT BUSINESS PARK IN THE PORTLAND INDUSTRIAL MARKET INVESTMENT OFFERING BROCHURE A CBRE NATIONAL PARTNERS INDUSTRIAL INVESTMENT OPPORTUNITY

Wilsonville Business Center CBRE is pleased to present an excellent opportunity to acquire fee simple interest in a high quality, multi tenant industrial business park, Wilsonville Business Center,

2 Wilsonville Business Center CBRE is pleased to present an excellent opportunity to acquire fee simple interest in a high quality, multi tenant industrial business park, Wilsonville Business Center, located in Wilsonville, Oregon. The Property consists of 9 buildings and totals,06 SF on acres of land. The buildings are approximately 90% leased to unique tenants, including credit tenants Owens & Minor and Microsoft, and benefits from an attractive rent roll and rollover pattern with opportunity to mark to market rents. Wilsonville Business Center is one of the best institutional grade industrial parks in the Portland area. Wilsonville Business Center is located just south of Portland with great visibility to SW 9th Avenue and I- and is less than 2 miles from I-20. The Portland economy is expected to boom over the next three years with an annual growth rate of.3%, second fastest in the U.S., according to Moody s. #3 FOR BEST PLACES FOR BUSINESS AND CAREERS FORBES, 201 INVESTMENT SUMMARY Address 902, 920, 9, 940,90 SW Hillman Court & 2, 201, 29, 9 SW 9th Avenue Wilsonville, Oregon 900 Total SF,06 Occupancy 90.2% Office % 21% Clear Height 16 - # Buildings/ Tenants 9/ Year Built Year 1 NOI $2,99,43 Highlights Institutional quality multi-tenant business park with functional divisibility. Strong tenant mix with well-balanced lease expirations. Value-add opportunities with in-place rents averaging 10% below market and separate parcels for a user sale or smaller investment sale exit strategy. Strong market fundamentals with record low vacancy and promising rental growth. The property offers attractive returns and is significantly below replacement cost. OFFERING BROCHURE 1

WILSONVILLE BUSINESS CENTER Investment Highlights Institutional Quality Multi-Tenant Industrial Park in the Highly Desired Pacific Northwest High quality, well-maintained industrial business park

90% Leased to Strong Tenants with Below Market Rents In-place rents average 10% below market presenting a value-add opportunity through the lease-up of upcoming availability at higher market rates

Balanced Lease Expiration Schedule Well balanced lease expirations with the opportunity to limit market exposure with no tenant occupying more than 16% of the total square footage.

3 WILSONVILLE BUSINESS CENTER Investment Highlights Institutional Quality Multi-Tenant Industrial Park in the Highly Desired Pacific Northwest High quality, well-maintained industrial business park with excellent curb appeal and functional divisibility to accommodate varying tenant sizes. 90% Leased to Strong Tenants with Below Market Rents In-place rents average 10% below market presenting a value-add opportunity through the lease-up of upcoming availability at higher market rates and increasing net operating income. Balanced Lease Expiration Schedule Well balanced lease expirations with the opportunity to limit market exposure with no tenant occupying more than 16% of the total square footage. One of the Top Industrial Locations in the Region Portland s economy is mainly driven by technology and manufacturing industries which contributed to Oregon s GDP growth of 3.6% in 2014 according to the Bureau of Economic Analysis (1% higher than the national average). These industries are expected to continue to grow and be a major driver in Oregon s economy. Flexible Exit Strategies Nine buildings located on seven parcels allow flexible exit options for user sales or smaller investment sales. Wilsonville is a high demand area for owner/users given its proximity to Portland s most affluent suburban neighborhoods. Significantly Below Replacement Cost Barriers for competitive development have been created with today s high construction costs and limited available land zoned for industrial. This provides an opportunity to purchase the buildings at a price that is below replacement cost which is estimated to be in the $120 PSF range. 2

1 902 SW Hillman Ct 2 9020 SW Hillman Ct Woodland 3 90 SW Hillman Ct Vernonia St Helens 4 9040 SW Hillman Ct 03 900 SW Hillman Ct 6 2 SW 9th Avenue Battle Ground 201 SW 9th Avenue Scappoose 9 SW 9th

McMinnville SW Baker Rd SW Elligsen Rd Argyle Square Colton Shopping Center 1 Woodburn Coffee Lake 6 1 Hoodview Wetlands 2 3 4 Far West Mt Angel Boeckman Rd SW Advance Rd SW Tooze Rd Silverton Keizer

Rd WILSONVILLE BUSINESS CENTER Location Highlights Superior Access Excellent freeway access and visibility directly off of SW 9th Avenue and I- and is less than 2 miles from I-20.

Nike, Intel and Columbia Sportswear are headquartered in the area.

4 1 902 SW Hillman Ct SW Hillman Ct Woodland 3 90 SW Hillman Ct Vernonia St Helens SW Hillman Ct SW Hillman Ct 6 2 SW 9th Avenue Battle Ground 201 SW 9th Avenue Scappoose 9 SW 9th Avenue Timber Sauvie Island 20 Vancouver Banks 14 Camas 4 Troutdale Hillsboro PORTLAND Gresham Beaverton 20 Tigard Wilsonville Business Center Sandy Newberg Estacada 224 SW Way Rd McMinnville SW Baker Rd SW Elligsen Rd Argyle Square Colton Shopping Center 1 Woodburn Coffee Lake 6 1 Hoodview Wetlands Far West Mt Angel Boeckman Rd SW Advance Rd SW Tooze Rd Silverton Keizer 213 SW Wilsonville Rd Boones Ferry Graham Oaks Primary School Wilsonville Salem Nature Park Memorial Park 22 Molalla River State Park SW Grahams Fe ry Rd Willamette River SW Stafford Rd SW Stafford Rd WILSONVILLE BUSINESS CENTER Location Highlights Superior Access Excellent freeway access and visibility directly off of SW 9th Avenue and I- and is less than 2 miles from I-20. Proximity to PDX Airport and Downtown Portland Located just 40 minutes south of the Portland International Airport and minutes south of Downtown. Portland is also noted as one of the top U.S. cities for public transportation. Vernonia Woodland St Helens Scappoose 03 Battle Ground Corporate Users Proximity to strong corporate users including Microsoft, FLIR System, Mentor Graphics and Pacific Natural Foods. Nike, Intel and Columbia Sportswear are headquartered in the area. Proximity to Executive Housing The project is close to Portland s most affluent suburban neighborhoods including Hillsboro, Beaverton and Lake Oswego. Strong Area Amenities Neighborhood amenities include Starbucks, Costco, Target, Fred Meyer, and other retail services. Banks Hillsboro Sauvie Island 20 Beaverton Vancouver PORTLAND 20 Tigard 14 4 Camas Troutdale Gresham Wilsonville 211 Sandy N NOT A PART NOT A PART NOT A PART 240 Newberg WILSONVILLE BUSINESS CENTER Estacada SW HILLMAN COURT SW BOONES FERRY ROAD McMinnville Colton SW Hillman Court 940 SW Hillman Court Woodburn Wilsonville Major Tenants Timber Vernonia 3 2 Scappoose 3 St Helens Sauvie Island Woodland 9 03 SW 9TH AVENUE Battle Ground SW 9th Avenue 9 SW Hillman Court 29 SW 9th Avenue 920 SW Hillman Court 201 SW 9th Avenue 2 SW 9th Avenue 902 SW Hillman Court 22 Keizer Salem 213 Mt Angel Silverton Coca Cola Microsoft Pacific Natural Foods Xerox Corporation Tyco Electronics FLIR Systems Rockwell Collins Rite Aid Distribution Center Sysco Food Services

WILSONVILLE BUSINESS CENTER Market Highlights Highly Desired Investment Market Institutions target the Portland market for industrial acquisitions as it is one of the top markets on the West Coast,

5 WILSONVILLE BUSINESS CENTER Market Highlights Highly Desired Investment Market Institutions target the Portland market for industrial acquisitions as it is one of the top markets on the West Coast, with strong market fundamentals, solid economic drivers and good long-term appreciation. Diverse Economy Wilsonville has a growing economy lead by firms in the high-tech industry including FLIR Systems, Mentorgraphics, Xerox and Rockwell Collins as well as distribution companies and manufacturers including Coca Cola Bottling, FOODesign Machinery and Systems, Sysco Foods Service, and Orepac. Strong Market Dynamics The Portland overall industrial market continues to experience exceptional tenant demand, resulting in vacancy falling approximately 20 basis points since 2013 to a record low of 4.6% as of the 4th quarter 201. This has spurred an asking rental rate surge of 11% during the same period. The chart below demostrates declining vacancy rates for business park product with a promising rental growth forecast over the next few years. Asking Rents $0.0 $0.40 $0. $0.20 $0.10 $0.00 BUSINESS PARKS VACANCY & RENT GROWTH SW Rent Park Rent SW Vacancy Park Vacancy PROJECTION 16.0% 14.0% 12.0% 10.0%.0% 6.0% 4.0% 2.0% 0.0% Vacancy Continued Tenant Demand Portland recorded.msf of positive net absorption in 201, marking its strongest year since 1999, with business park contributing more than 3% of this leasing activity. In both 2014 and 201, the total net absorption experienced in the Portland industrial market was approximately 200% higher than the 10-year absorption average. This positive net absorption is expected to continue with the growth of technology, manufacturing and logistics. Limited Competitive New Development The 4MSF of speculative development completed or under construction in the Portland area is not competitive to Wilsonville Business Center because: (1) 0% is bulk distribution versus business park and (2) the majority of this new development is located in NE Portland. In addition, much of the new product is preleased. Attractive Returns The Portland market typically lags Seattle and Los Angeles in terms of peak cap rate compression by 2 quarters and roughly 0 basis points, which makes this a excellent time to buy in Portland. PORTLAND ECONOMIC DRIVERS Tech Sector,12 tech companies are located in MSA Portland Oregon #3 in Semiconductor & Electronic Exports # in Forbes Top 10 Cities to Launch a Startup Advanced Manufacturing 3,100 advanced manufacturing firms are located in the Portland MSA The Portland MSA has a 200% larger total employment cluster than the U.S. average Portland-Vancouver-Hillsboro will outperform the west and the U.S. averages over the next two years. High-tech industries, including software and hardware, will lead the way. A highly educated workforce, strong population growth, and an increasing number of tech firms will set the metro area apart. ~Moody s 4 CBRE Research, 2016

WILSONVILLE BUSINESS CENTER CAPITAL MARKETS EXPERTS BRETT HARTZELL Executive Vice President Lic. 6 +1 206 292 6100 brett.hartzell@cbre.com DARLA LONGO Vice Chairman/Managing Director Lic.

6 WILSONVILLE BUSINESS CENTER CAPITAL MARKETS EXPERTS BRETT HARTZELL Executive Vice President Lic brett.hartzell@cbre.com DARLA LONGO Vice Chairman/Managing Director Lic darla.longo@cbre.com BARBARA EMMONS Vice Chairman Lic barbara.emmons@cbre.com REBECCA PERLMUTTER, CFA Vice President Lic rebecca.perlmutter@cbre.com TAYLOR ODEGARD Operations Manager Lic taylor.odegard@cbre.com NATIONAL PARTNERS WEST DARLA LONGO BARBARA EMMONS BRETT HARTZELL LOCAL MARKET EXPERT STUART SKAUG, SIOR First Vice President Lic stuart.skaug@cbre.com DEBT & STRUCTURED FINANCE VAL ACHTEMEIER Executive Vice President Lic val.achtemeier@cbre.com REBECCA PERLMUTTER MIKE KENDALL ANDREW BRINER TAYLOR ODEGARD GINA CHRISTEN NORTHEAST Michael D. Hines Robert Fahey Lizann McGowan Brian Fiumara Jerome Kranzel Brad Ruppel SOUTHEAST Chris Riley Frank Fallon Brian Budnick Jennifer Klingler SOUTH CENTRAL Jack Fraker Josh McArtor Jonathan Bryan Heather McClain Ryan Thornton NORTH CENTRAL Mike Caprile Ted Staszak Stephanie Park Kate Dougherty WEST Darla Longo Barbara Emmons Brett Hartzell Rebecca Perlmutter Mike Kendall Andrew Briner Taylor Odegard Gina Christen DEBT & STRUCTURED FINANCE Val Achtemeier Brett Green Steve Roth Steve Kundert Offering integrated real estate capital markets solutions from strategy to execution delivered by a seamless national partnership 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

LEXINGTON PRESERVE BUSINESS PARK

LEXINGTON PRESERVE BUSINESS PARK SW OF PHEASANT RIDGE DRIVE NE & LEXINGTON AVE BLAINE, MN JOHN RYDEN Senior Vice President +1 952 924 4641 john.ryden@cbre.com MATT OELSCHLAGER First Vice President +1 952