EFTA01382161.pdf

Successful Real Estate Investment Track Record Imperial Credit Commercial Mortgage CBRE Strategic Partners Asia Fund II Investment Cor • oration Fund summary Investment summary REIT summary Tianjin Center - Mixed-use development ICCMIC REIT - -$1.2 billion of investments in - -$300 million investment in a — Publicly traded REIT Share price performance twelve real estate projects in mixed-use development in Tianjin, invested in commercial IPO (10/97) to Sale (3/00) China and Japan China real estate and loans 78% - Investments made between Q4 - Investment made in Q4 2007 — $510 million IPO 42% 2007 and Q2 2008 oversubscribed 10x - Investment sold in Q1 2010 - Investments sold between Q1 - $500 million warehouse 2010 and O4 2011 line of credit Industry ct• ICCMIC average Fund Highlights Investment Highlights REIT Highlights - Top performing fund at CBRE Investors and one - Mixed-use twin tower buildings with: — Top performing mortgage REIT among all of the 27 of the best in the overall market from 2007-2011 - 49-story offices with a 5-star Raffles hotel commercial and residential mortgage REITs from - 42-story serviced apartment tower the IPO in 1997 to the sale in 2000 — Profitable asset sales in China with a projected - 6-story retail podium - $250 million securitization financed $290 million of portfolio IRR of 17% for the Chinese investments mortgage loans with a 30%+ annualized ROE - Above ground GFA: -1.4 million sq. ft. — Successful termination of 3 binding forward — Sale / leaseback of 17 properties in Arizona, Texas commitments to acquire properties in Japan, - Taxes minimized with offshore ownership and New Mexico with an automotive dealer at 11% avoiding a potential $110 million loss structures base rent + CPI generating a proforma IRR of 18% Fund Returns Investment Returns REIT Returns Leveraged IRR > 10.0% Unleveraged IRR > 60.0% Dividend Yield - 8% paid quarterly Equity multiple) -1.3x Equity multiple') - 3.0x Equity multiplem — 1.0x (a) Represents the total amount of equity returned over the total amount of equity Invested (b) Includes all 27 commercial (Ia re}l(irtlildi 17100,419e REITs %Mach existed befuroon Oct-1997 and Mar•2000 American Medical Properties 4 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0081422 CONFIDENTIAL SDNY_GM_00227606 EFTA01382161