Davenport Partners Information

Davenport Partners, a commercial real estate investment and management company headquartered in Newport Beach, CA, operates properties throughout Southern California as well as other select West Coast markets, including Hawaii. The Company primarily focuses on multi-tenant office, flex and industrial properties and, in some cases, associated retail uses. Formed in 2002, is comprised of principals who were former partners, officers and shareholders of Spieker Properties (NYSE: SPK). While at Spieker, the principals were responsible for acquiring and developing over 80 properties consisting of nearly 12 million square feet and $1.5 billion in project cost. Spieker merged with Equity Office Properties (NYSE: EOP) in July 2001. Davenport Partners adds value to properties through its proven, “hands-on” property management and leasing philosophy which has guided the partners throughout their careers. Our experience through past real estate cycles has taught us that buying real estate with a long-term investment horizon and operating it with an “owners” perspective is the best way to generate sustained investment returns. Davenport Partners continues to seek investments and/or re-development opportunities in distressed, value-add and core plus properties. Occasionally, the Company will provide fee management services for select owners of commercial properties, including property management, leasing, development management, construction management and land entitlements.