3years servingNew OrleansmarketsI R R — I N T E G R A R E A L T Y R E S O U R C E S —provides world-class commercial real estate valuation and counseling services to both localand national top financial institutions, developers, corporations, law firms, and government agencies.As one of the largest independent property valuation and counseling firms in the United States,we provide our diverse array of clients the highly informed opinions and trusted expert advice neededto understand the value, use and feasibility of their real estate. IRR. Local expertise. Nationally.275appraisals completedannually2

INTEGRA REALTY RESOURCESRECENT APPRAISAL ASSIGNMENTS OFNOTABLE AND VARIED ASSETSOffice Orthopedic Institute, 3688 Veterans Memorial Dr., Hattiesburg, MS, 74,721 SFOchsner Health Clinic, 4400 Veterans Blvd., Metairie, LA, 177,900 SFBioLife Plasma, 11650 Coursey Blvd., Baton Rouge, LA, 14,400 SFMedical Office, 105 Patriot Ave., Lafayette, LA, 23,710 SFMedical Office, 5906 U.S. Hwy 49, Hattiesburg, MS, 53,197 SFMixed-Use Office Building, 806 U.S. Hwy 90., Bay Saint Louis, MS, 4,795 SFIndustrial Tindall Corporation Bldg., 11450 Saracennia Rd., Moss Point, MS, 165,517 SFTruck Terminal, Industrial Dr., Geismar, LA, 30,821 SFManufacturing Facility, 113 Street A, Picayune, MS, 72,514 SFPulpmill Serivces, Inc., 357 Fontana Rd., Monroe, LA, 51,781 SFDistribution Warehouse, 32 E. Airline Dr., Kenner, LA, 79,240 SFOak View Auto Auction, 1631/1641 N. Flanner Rd., Baton Rouge, LA, 50,099 SFMultifamilyThe Met Apartments, Lake Forgetful Dr., Hattiesburg, MS, 318,339 SF / 288 UnitsCaribbean in the Pass, 707 E. North St., Pass Christian, MS, 99,686 SF / 100 UnitsPlantation Apartments, 2717 Audubon Ave., Thibodaux, LA, 67,500 SF / 99 UnitsProposed LIHTC Apartments, 2515 N. Robertson St., New Orleans, LA,37,000 SF / 37 Units The Singing River Apartments, 3605 Gautier Vancleave Rd., Gautier, MS,116,545 SF / 132 Units Hospitality Holiday Inn Express, 2700 Thornhill Dr., Hattiesburg, MS, 49,050 SF / 85 Rooms Super 8 by Wyndham, 1870 Beach Blvd., 89,648 SF / 219 Rooms MacArthur Inn, 2211 N. MacArthur Dr., Alexandria, LA, 60,000 SF / 113 RoomsRetail Neighborhood Wal-Mart, 812 Bealleau Wood Blvd., Alexandria, LA, 41,275 SFDollar General, 5342 U.S. Hwy 84, Vidalia, LA, 9,026 SFPopeye’s Restaurant, 412 Washington Ave., Mansfield, LA, 3,404 SFChevron Gas/C-Store, 600 W. Railroad St., Long Beach, MS, 3,051 SFCVS Pharmacy, 329 Superior Ave., Bogalusa, LA, 11,945 SFGulf Breeze Plaza, 2226 Bienville Blvd., Ocean Springs, MS, 97,666 SFSpecialty Assignments Border Wall Land, Various Locations, TexasZachary Storage Solutions, 1210 Church St., Zachary, LA, 42,475 SF / 282 UnitsCotton Gin, 578 Cleveland Rd., Boyce, LA, 37,740 SFPermanent Drainage Easement, Cameron, LA, 1,333 SFGo Cart Tract, 1808, 1816, 1820 Beach Blvd., Biloxi, MS, 3,696 SFShiloh Mobile Home Park, 1111 Roper Rd., Scott, LA, 148 Units3

INTEGRA REALTY RESOURCESOUR VALUE PROPOSITIONWhat sets our firm apart is the longevity of our principals and senior analysts whohave been collaborating on property analyses for over 25 years. Throughdeveloping our team relationships, our specialty appraisal practices have evolvedto create high quality, industry-leading standards. Over this 25 year relationship,our staff has evolved into specialty appraisal practices. One staff memberappraises apartments, another large shopping centers, another office buildings,another industrial buildings; we even have a staff member that appraises churches.John R. Praytor, MAI, Executive DirectorMr. Praytor has 33 years of real estate valuation and consulting experience. Mr. Praytor has extensive knowledge and experienceIn the valuation of regional malls, community/neighborhood shopping centers, office buildings (CBD and suburban),warehouse/distribution, multifamily (include CBD condominium development), hotels and motels, vacant land and special purposeproperties. John has extensive experience in preparing appraisals for condemnation and litigation support.Eugene K. (Kenny) Owen, Jr., Managing DirectorMr. Owen has been actively engaged in the appraisal industry for over 10 years specializing in valuation and counselling for officebuildings, community/neighborhood shopping centers, regional malls, hotels and motels, multifamily, vacant land,warehouse/distribution, industrial buildings, convenience stores and special project properties. Kenny’s experience is concentrated inmetropolitan properties including office buildings, industrial buildings, apartments, senior housing, shopping centers, convenience storesand health facilities.James (Jim) O. Turner II, MAI, Managing DirectorMr. Turner has over 17 years of real estate valuation and consulting experience. Jim has extensive experience in the valuation ofright of way, office buildings (CBD and suburban), warehouse/distribution, hotels and motels, vacant land, and special purposeproperties.Michelle Alexander, MAI, MRICS, Managing DirectorMs. Alexander has been engaged in real estate valuations and counselling for almost 30 years specializing in the appraisal ofmajor urban properties including apartments (conventionally-operated, Low Income Housing Tax Credit (LIHTC), federally and HUDfinanced, assisted properties), office buildings, and shopping centers. Michelle is a commissioner with the Tennessee Real EstateCommission and a member of the Appraisal Institute Education Relief Foundation.4

INTEGRA REALTY RESOURCESOUR CLIENTS BancorpSouth BankBank OZKBankPlusBB&TBell BankCadence Bank N.A.Cedar Rapids Bank & TrustCentury Next BankCharter BankCitizens National BankCommunity Bank ofMississippiFeliciana Bank & TrustFirst BankFirst Commercial BankFirst Financial BankFirst Merchants BankFirst Midwest BankGreater Nevada Credit UnionHancock Whitney BankHomeTrust BankIberiaBankJPMorgan Chase Bank, N.A.Keesler Federal Credit UnionKey Bank, N.A.Lakeside BankMorton Community BankNational Bank of IndianapolisOrigin BankPacific Mercantile BankPeoples BankPinnacle BankPriorityOne BankRoyal Business BankSimmons BankTexas Capital BankThe Bank of San AntonioThe Cottonport BankTrustmark BankWells FargoLaw Firms/Accounting Jones Walker, LLPMortgage Banks/Services Allstate Appraisal, L.P. Appraisal Nation ARC Appraisal Review &Compliance BankFirst Financial Services Berkadia Dart Appraisal First American Title InsuranceCompany LRES Corporation Northwind Financial Corporation Peartrei Capital, LLC Servion Commercial LendingResources, Inc. Torchwood Commercial Valuation Compliance Visio Lending5Government & Organizations Catholic Diocese of Biloxi Mississippi Department ofEnvironmental Quality US Army Corps of EngineersDevelopers/Owners BizCapital BIDCO I, LLC CMH Homes, Inc. Hackman Capital AcquisitionCompany, LLC Money 360, Inc. Omega Capital Street, LLC Proskauer

INTEGRA REALTY RESOURCESL O C A L E X P E R T I S E . N AT I O N A L LY.50 local offices60 markets covered U.S. and Caribbean6

NORTHEAST OFFICESCONNECTICUTHartford, CTTodd Isaacson, MAIT (860) 291-8997 ext. 19tisaacson@irr.comDISTRICT OF COLUMBIAWashington, DCMarshall A. Burke, MAI, CCIMT (202) 601-4146mburke@irr.comGEORGIAAtlanta, GAMatthew Albigese, MAIT (404) 418-4358 ext. 1000malbigese@irr.comMICHIGANDetroit, MIDonald L. Selvidge, MAIT (248) 540-0040 ext. 114dselvidge@irr.comLOUISIANANew Orleans, LAJohn R. Praytor, MAIT (601) 714-1665jpraytor@irr.comGrand Rapids, MIJeff Genzink, MAIT (616) 261-5000jgenzink@irr.comMASSACHUSETTSBoston, MAJerry J. Manfra, MAIT (617) 457-3298jmanfra@irr.comMISSOURIKansas City, MOBrock A. Heyde, MAIT (816) 652-0222bheyde@irr.comNORTH CAROLINACharlotte, NCJohn D. Scott, Jr., MAI, MRICST (704) 206-8258jscott@irr.comNEW JERSEYCoastal New JerseyHalvor J. Egeland, MAIT (732) 244-7000 ext. 103hegeland@irr.comNorthern New JerseyPaul T. Beisser, CRE, MAI, SCGREAT (973) 422-9800pbeisser@irr.comNEW YORKSyracuse, NYWilliam J. Kimball, MAI, FRICST (315) 422-5577wkimball@irr.comPENNSYLVANIAPhiladelphia, PAAlbert (Chip) Hughes, MAIT (610) 238-0238 ext. 1chughes@irr.comSt. Louis, MOTimothy M. Schoemehl, MAIT (636) 898-6533tschoemehl@irr.comGreensboro, NCNancy B. Tritt, MAI, SRA, FRICST (336) 676-6033ntritt@irr.comRaleigh, NCChris R. Morris, MAI, FRICST (919) 847-1717cmorris@irr.comOHIOCincinnati/Dayton, OHGary S. Wright, MAI, FRICS, SRAT (513) 426-7125gwright@irr.comSOUTH CAROLINACharleston, SCCleveland “Bud” Wright, Jr., MAIT (843) 718-2125 ext. 10cwright@irr.comCleveland, OHDouglas P. Sloan, MAIT (330) 659-3640 ext. 101dsloan@irr.comColumbus, OHBrad A. Johnson, MAIT (614) 398-4307bajohnson@irr.comColumbia, SCMichael B. Dodds, MAI, CCIMT (803) 772-8282 ext. 110mdodds@irr.comPittsburgh, PABrian Kelly, MAI, SRAT (412) 683-2211bkelly@irr.comSOUTHWEST OFFICESTENNESSEEMemphis, TNJohn R. Praytor, MAIT (601) 714-1665jpraytor@irr.comRHODE ISLANDProvidence, RITodd Isaacson, MAIT (860) 291-8997 ext. 19tisaacson@irr.comSOUTHEAST OFFICESNashville, TNPaul Perutelli, MAI, SRA, FRICST (615) 628-8275 ext. 1pperutelli@irr.comALABAMABirmingham, ALRusty Rich, MAI, MRICST (205) 949-5995rrich@irr.comVIRGINIARichmond, VAKenneth L. Brown, MAI, FRICS, CCIMT (804) 346-2600 ext. 209kbrown@irr.comASA/BVOrlando, FLChristopher D. Starkey, MAIT (407) 843-3377 ext. 112cstarkey@irr.comSouthwest FloridaCarlton J. Lloyd, MAIT (239) 687-5801clloyd@irr.comSan Antonio, TXBrandon Brehm, MAI, CCIMT (210) 446-4444bbrehm@irr.comTampa, FLBradford L. Johnson, MAI, MRICST (813) 287-1000 ext. 121bljohnson@irr.com7San Diego, CAJohn A. Morgan, MAIT (858) 259-4900 ext. 315jmorgan@irr.comSan Francisco, CAJeffrey Fillmore, MAIT (408) 299-0444jfillmore@irr.comCOLORADODenver, COLarry B. Close, MAIT (720) 833-5931lclose@irr.comIDAHOBoise, IDBradford Knipe, MAI, ARA, CRE, CCIM, FRICST (208) 472-3200bknipe@irr.comNEVADALas Vegas, NVCharles E. Jack, IV, MAIT (702) 906-0480cjack@irr.comWASHINGTONSeattle, WAMatthew A. Bacon, MAIT (206) 436-1179mbacon@irr.comLubbock, TXTaylor CarmonaT (409) 656-5199taylor.carmona@irr.comKENTUCKYLouisville, KYStacey S. Nicholas, MAI, MRICST (502) 452-1543 ext. 3774snicholas@irr.comSacramento, CAKevin Ziegenmeyer, MAIT (916) 435-3883 ext. 224kziegenmeyer@irr.comTEXASAustin, TXTodd Rotholz, MAIT (713) 973-0212 ext. 12trotholz@irr.comHouston, TXTodd Rotholz, MAIT (713) 973-0212 ext. 12trotholz@irr.comINDIANAIndianapolis, INMichael Lady, MAI, SRA, ASA, CCIM, FRICST (317) 546-4720mlady@irr.comOrange CountyJ. Richard Donahue, MAIT (714) 665-6515rdonahue@irr.comUTAHSalt Lake City, UTJohn T. Blanck, MAI, MRICST (801) 263-9700 ext. 109jblanck@irr.comFt. Worth, TXAlan Pursley, MAI, SRPA, SRA, SGAT (817) 763-8023apursley@irr.comILLINOISChicago, ILRon DeVries, MAI, FRICST (312) 565-3432rdevries@irr.comCALIFORNIALos Angeles, CAJohn G. Ellis, MAI, CRE, FRICST (818) 290-5444jellis@irr.comARIZONAPhoenix, AZWalter “Tres” Winius, III, MAI, FRICST (602) 266-5599twinius@irr.comDallas, TXJimmy H. Jackson, MAIT (972) 725-7724jhjackson@irr.comCENTRAL OFFICESARKANSASLittle Rock, ARJohn R. Praytor, MAIT (601) 714-1665jpraytor@irr.comFLORIDAMiami CaribbeanJames Andrews, MAI, CRE, FRICS,T (305) 670-0001 ext. 320jandrews@irr.comMINNESOTAMinneapolis/St. Paul, MNMichael Amundson, MAI, CCIM, FRICST (952) 905-2401mamundson@irr.comMISSISSIPPIJackson, MSJohn R. Praytor, MAIT (601) 714-1665jpraytor@irr.comWEST OFFICESCARIBBEANCaribbeanJames Andrews, MAI, CRE, FRICS,T (844) 952-7604 ext. 402jandrews@irr.comASA/BVPuerto RicoCarlos Vélez, MAI, SRA, BCA, CMEA, CCIM, MRICST (787)

INTEGRA REALTY RESOURCES – NEW ORLEANS643 Magazine Street, Suite 301New Orleans, LA 70130T: (504) Praytor, MAIExecutive DirectorT (601) 714-1665jpraytor@irr.comEugene K. (Kenny) Owen, Jr.Managing DirectorT (504) 291-9019kowen@irr.comirr.comVisit us online to learn moreand access our extensiveresearch library.INTEGRA REALTY RESOURCESLocal Expertise. Nationally.7800 East Union Avenue Suite 400 Denver, CO 80237 212 .575.2935

Louisville, KY Stacey S. Nicholas, MAI, MRICS T (502) 452-1543 ext. 3774 MICHIGAN Detroit, MI Donald L. Selvidge, MAI T (248) 540-0040 ext. 114 MINNESOTA Minneapolis/St. Paul, MN Michael Amundson, MAI, CCIM, FRICS T (952) 905-2401 MISSOURI