-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SxbCQVyBTKJUpiU4j5rVj6G3zkbNwRgBHlRRCrJiGZyEOrLzv7R9s4feBON+48IK ppu7lRfnOh6uqQQrWUffAQ== 0000905148-02-002180.txt : 20020916 0000905148-02-002180.hdr.sgml : 20020916 20020916172359 ACCESSION NUMBER: 0000905148-02-002180 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020912 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000908987 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 34311414 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-65816 FILM NUMBER: 02765270 BUSINESS ADDRESS: STREET 1: 245 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 2122722000 MAIL ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 efc2-0909_5253159form8k.txt BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES, INC. ============================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) September 12, 2002 Bear Stearns Commercial Mortgage Securities, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 333-87381 13-3411414 - --------------------------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 245 Park Avenue, New York, NY 10167 - --------------------------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 272-2000 -------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. - ------- ------------ It is expected that during October 2002, a single series of certificates, entitled, Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2002-PBW1 (the "Certificates"), be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement"), to be entered into by and among Bear Stearns Commercial Mortgage Securities Inc. (the "Registrant"), Prudential Asset Resources, Inc. as a Master Servicer and as RREEF Special Servicer, Wells Fargo Bank, National Association as a Master Servicer, ARCap Special Servicing, Inc. as General Special Servicer, Wells Fargo Bank Minnesota, National Association as Certificate Administrator and as Tax Administrator, LaSalle Bank National Association as Trustee and ABN AMRO Bank N.V., as Fiscal Agent. Certain classes of the Certificates (the "Underwritten Certificates") will be registered under the Registrant's registration statement on Form S-3 (no. 333-87381) and sold to Bear, Stearns & Co. Inc., ("BSCI"), Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPFS") and Wells Fargo Brokerage Services, LLC ("WFBS", and together with BSCI, and MLPFS, the "Underwriters") pursuant to an underwriting agreement (the "Underwriting Agreement") to be entered into by and between the Registrant and the Underwriters. In connection with the expected sale of the Underwritten Certificates, BSCI has advised the Registrant that it has furnished to prospective investors certain information attached hereto as Exhibit 99.1 that may be considered "Computational Materials" (as defined in the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Securities and Exchange Commission (the "Commission") to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation and the no-action letter dated May 27, 1994 issued by the Division of Corporation Finance of the Commission to the Public Securities Association) and/or "ABS Term Sheets" (as defined in the no-action letter dated February 17, 1995 issued by the Division of Corporation Finance of the Commission to the Public Securities Association). The Computational Materials and/or ABS Term Sheets attached hereto have been prepared and provided to the Registrant by BSCI. The information in such Computational Materials and ABS Term Sheets is preliminary and will be superseded by the final Prospectus Supplement relating to the Underwritten Certificates and by any other information subsequently filed with the Commission. To the extent any Computational Materials and ABS Term Sheets previously filed by the Registrant with respect to the Underwritten Certificates are inconsistent with the Computational Materials and ABS Term Sheets attached hereto, such previously filed Computational Materials and ABS Term Sheets are superseded by the Computational Materials and ABS Term Sheets attached hereto. Item 7. Financial Statements and Exhibits. - ------- --------------------------------- (a) Financial statements of businesses acquired: -------------------------------------------- Not applicable. (b) Pro forma financial information: -------------------------------- 2 Not applicable. (c) Exhibits: Exhibit No. Description 99.1 ABS Term Sheets prepared by Bear, Stearns & Co. Inc. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: September 16, 2002 BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC. By: /s/ Michael A. Forastiere -------------------------- Name: Michael A. Forastiere Title: Vice President 4 EXHIBIT INDEX The following exhibits are filed herewith: Exhibit No. - ----------- 99.1 Computational Materials and ABS Term Sheets prepared by Bear, Stearns & Co. Inc. 5 EX-99.1 3 efc2-0909_ex991.txt BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES, INC. [Bear Stearns Logo] September 12, 2002 [Merrill Lynch logo] CMBS New Issue Collateral Term Sheet $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 Prudential Mortgage Capital Funding, LLC Bear Stearns Commercial Mortgage, Inc. Bear, Stearns Funding, Inc. Wells Fargo Bank, National Association as Mortgage Loan Sellers
Assumed Initial Principal Final Approx. Size Pass-Through Ratings Subordination Window Distribution Class (Face) Rate (Moody's/Fitch) Levels WAL (yrs.) (mo.) Date ----- ------ ---- --------------- ------ ---------- ----- ---- A-1 $371,811,000 [ ]% Aaa/AAA 17.750% 5.70 1-110 12/11/2011 A-2 $385,855,000 [ ]% Aaa/AAA 17.750% 9.63 110-118 8/11/2012 B $26,483,000 [ ]% Aa2/AA 14.875% 9.91 118-119 9/11/2012 C $31,089,000 [ ]% A2/A 11.500% 9.94 119-119 9/11/2012
Bear, Stearns & Co. Inc. Merrill Lynch & Co. Co-Lead and Joint Bookrunning Manager Co-Lead and Joint Bookrunning Manager Wells Fargo Brokerage Services, LLC Co-Manager This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 1 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 Transaction Features >> Sellers: No. of Cut-off Date % of Sellers Loans Balance ($) Pool ------- ----- ----------- ---- Prudential Mortgage Capital Funding, LLC 66 526,328,385 57.1% Bear Stearns Commercial Mortgage, Inc. 28 303,128,717 32.9% Bear, Stearns Funding, Inc. 1 6,565,093 0.7% Wells Fargo Bank, National Association 31 85,152,688 9.2% Total: 126 921,174,883 100.0% >> Loan Pool: o Average Cut-off Date Balance: $7,310,912 o Largest Mortgage Loan by Cut-off Date Balance: $63,789,153 o Five largest and ten largest loans: 21.0% and 32.7% of pool, respectively >> Credit Statistics: o Weighted average underwritten debt service coverage ratio of 1.67x o Weighted average cut-off date loan-to-value ratio of 66.75%; weighted average balloon loan-to-value ratio of 58.40% >> Property Types: Pie chart reflecting percentages of property types. Data: Retail: 41.5%; Office: 25.0%; Multifamily: 19.2%; Industrial: 11.6%; Self Storage: 1.2%; Manufactured Housing: 1.0%; Other: 0.5%. >> Call Protection: o 83.42% of the pool (104 loans) have a lockout period ranging from 25 to 49 payments from origination, then defeasance provisions. o 11.24% of the pool (17 loans) have a lockout period ranging from 24 to 61 payments from origination, then yield maintenance. o 0.89% of the pool (3 loans) have a lockout period ranging from 35 to 36 payments from origination, then either yield maintenance or defeasance. o 4.45% of the pool (2 loans) has yield maintenance with no lockout period. >> Bond Information: Cash flows are expected to be modeled by TREPP, CONQUEST and INTEX and are expected to be available on BLOOMBERG. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 2 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 Offered Certificates
Initial Average Principal Assumed Final Initial Certificate Subordination Ratings Life Window Distribution Pass-Through Class Balance(1) Levels (Moody's/Fitch) (yrs.)(2) (mo.)(2) Date(2) Rate(3) ----- ---------- ------ --------------- --------- -------- ------- ------- A-1 $371,811,000 17.750% Aaa / AAA 5.70 1-110 12/11/2011 [ ]% A-2 $385,855,000 17.750% Aaa / AAA 9.63 110-118 8/11/2012 [ ]% B $26,483,000 14.875% Aa2 / AA 9.91 118-119 9/11/2012 [ ]% C $31,089,000 11.500% A2 / A 9.94 119-119 9/11/2012 [ ]% Private Certificates (4) Principal / Initial Initial Average Notional Assumed Final Pass-Through Certificate Subordination Ratings Life Window (mo.) Distribution Rate(3) Class Balance(1) (5) Levels (Moody's/Fitch) (yrs.)(2) (2) Date(2) ----- -------------- ------ --------------- --------- --- ------- X-1 $921,174,883 n/a Aaa / AAA 8.11 1-173 3/11/2017 [ ]% X-2 [$__________] n/a Aaa / AAA [___] [___] [________] [ ]% D $8,060,000 10.625% A3 / A- 9.94 119-119 9/11/2012 [ ]% E $9,211,000 9.625% Baa1 / BBB+ 9.94 119-119 9/11/2012 [ ]% F $13,817,000 8.125% Baa2 / BBB 9.94 119-119 9/11/2012 [ ]% G $13,817,000 6.625% Baa3 / BBB- 9.94 119-119 9/11/2012 [ ]% H $16,120,000 4.875% Ba1 / BB+ 9.94 119-119 9/11/2012 [ ]% J $10,363,000 3.750% Ba2 / BB 9.94 119-119 9/11/2012 [ ]% K $3,454,000 3.375% Ba3 / BB- 9.94 119-119 9/11/2012 [ ]% L $5,757,000 2.750% B1 / B+ 9.94 119-119 9/11/2012 [ ]% M $9,211,000 1.750% B2 / B 10.01 119-120 10/11/2012 [ ]% N $2,302,000 1.500% B3 / B- 10.02 120-120 10/11/2012 [ ]% P $13,824,883 -- NR / NR 10.26 120-173 3/11/2017 [ ]%
- ----------- Notes: (1) Subject to a permitted variance of plus or minus 5%. (2) Based on the structuring assumptions, assuming 0% CPR, described in the Prospectus Supplement. (3) The Class A-1, A-2, B, C, D, E, F, H, J, K, L, M, N and P Certificates will accrue interest at a fixed rate. The Class G Certificates will be subject to a net WAC cap. The Class X-1 and X-2 Certificates will accrue interest at a variable rate. (4) Certificates to be offered privately pursuant to Rule 144A. (5) The Class X-1 Notional Amount is equal to the sum of all Certificate Balances outstanding from time to time. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 3 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 I. Issue Characteristics Issue Type: Public: Classes A-1, A-2, B and C (the "Offered Certificates"). Private (Rule 144A): Classes X-1, X-2, D, E, F, G, H, J, K, L, M, N and P. Securities Offered: $815,238,000 monthly pay, multi-class, sequential pay commercial mortgage REMIC Pass-Through Certificates, consisting of four fixed-rate principal and interest classes (Classes A-1, A-2, B and C) ("Offered Certificates"). Sellers: Prudential Mortgage Capital Funding, LLC ("PMCF")(1); Bear Stearns Commercial Mortgage, Inc. ("BSCMI"); Bear, Stearns Funding, Inc. ("BSFI"); Wells Fargo Bank, National Association ("WF") Co-lead Bookrunning Managers: Bear, Stearns & Co. Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated Co-Manager: Wells Fargo Brokerage Services, LLC Master Servicers: Prudential Asset Resources, Inc. (with respect to the mortgage loans sold by PMCF) Wells Fargo Bank, National Association (with respect to the loans sold by BSCMI, BSFI and WF) Special Servicers: ARCap Special Servicing, Inc. (with respect to all loans other than the RREEF Textron Portfolio); Prudential Asset Resources, Inc. (with respect to the RREEF Textron Portfolio) Certificate Administrator: Wells Fargo Bank Minnesota, National Association Trustee: LaSalle Bank National Association Fiscal Agent: ABN AMRO Bank N.V. Cut-Off Date: October 1, 2002. Expected Closing Date: On or about October 3, 2002. Distribution Dates: The 11th of each month, commencing in November 2002 (or if the 11th is not a business day, the next succeeding business day). Minimum Denominations: $25,000 for the Class A-1 and A-2 certificates, $100,000 for other Offered Certificates, and in multiples of $1 thereafter. Delivery: DTC, Euroclear and Clearstream. ERISA/SMMEA Status: Classes A-1, A-2, B, and C are expected to be ERISA eligible. No Class of Certificates is SMMEA eligible. Rating Agencies: The Offered Certificates will be rated by Moody's Investors Service, Inc. and Fitch, Inc. Risk Factors: THE CERTIFICATES INVOLVE CERTAIN RISKS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. SEE THE "RISK FACTORS" SECTION OF THE PROSPECTUS SUPPLEMENT AND THE "RISK FACTORS" SECTION OF THE PROSPECTUS. (1) As an alternative to selling its mortgage loans to the depositor on the issue date for the certificates, PMCF may instead enter into a sale transaction with a third party with respect to the PMCF mortgage loans prior to the issue date, in which case the depositor would acquire those mortgage loans from that third party on the issue date. Even if such a third-party sale transaction occurs, the trust's rights with respect to PMCF in connection with representations and warranties will be substantially the same as they would have been under a sale of the PMCF mortgage loans by PMCF to the depositor on the issue date. Accordingly, PMCF is presented in all relevant descriptions as the "mortgage loan seller" for its mortgage loans. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 4 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 II. Structure Characteristics The Class A-1, A-2, B, C, D, E, F, H, J, K, L, M, N and P Certificates are fixed-rate, monthly pay, multi-class, sequential pay REMIC Pass-Through Certificates. The Class G Certificates will be subject to a net WAC cap. The X-1 and X-2 Certificates will accrue interest at a variable rate. All Classes of Certificates derive their cash flows from the entire pool of Mortgage Loans. The Class X-1 and Class X-2 Certificates will be interests in the Class X Underlying Interest. The Class X Underlying Interest has a notional balance equal to the aggregate of the certificate balances of the principal paying certificates and a pass-through rate equal to the positive difference between (a) the weighted average net mortgage rate of the pooled mortgage loans and (b) the weighted average pass-through rates of the principal paying certificates. On each distribution date, the Class X-2 Certificates will be entitled to receive an amount equal to the lesser of (a) the interest distributed to the Class X Underlying Interest on such distribution date and (b) the amount shown on a schedule to the private placement memorandum for such distribution date plus amounts previously due under the schedule but unpaid. On each distribution date, the Class X-1 Certificates will be entitled to receive an amount equal to the difference between (a) the interest distributed to the Class X Underlying Interest on such distribution date and (b) the interest distributed to the Class X-2 Certificates on such distribution date. The foregoing terms and structural characteristics of the Certificates are in all respects subject to the more detailed description thereof in the Prospectus, Prospectus Supplement and Pooling and Servicing Agreement. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 5 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 III. Collateral Characteristics Cut-off Date Balance ($) Aggregate No. of Cut-off Mortgage Date % of Loans Balance ($) Pool ----- ----------- ---- 994,862 - 999,999 1 994,862 0.11 1,000,000 - 1,999,999 12 18,383,184 2.00 2,000,000 - 3,999,999 43 121,608,833 13.20 4,000,000 - 5,999,999 20 99,423,511 10.79 6,000,000 - 7,999,999 15 103,014,633 11.18 8,000,000 - 9,999,999 8 69,730,880 7.57 10,000,000 - 11,999,999 5 55,459,576 6.02 12,000,000 - 13,999,999 8 105,373,405 11.44 14,000,000 - 15,999,999 3 44,362,855 4.82 16,000,000 - 17,999,999 2 34,464,156 3.74 20,000,000 - 29,999,999 7 166,569,833 18.08 30,000,000 - 63,789,153 2 101,789,153 11.05 Total: 126 921,174,883 100.00 Min: $994,862 Max: $63,789,153 Average: $7,310,912 State Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- California 40 217,075,089 23.57 Southern California 29 182,632,030 19.83 Northern California 11 34,443,059 3.74 Florida 16 142,209,820 15.44 Pennsylvania 11 63,236,190 6.86 Texas 7 52,209,232 5.67 Georgia 14 51,022,290 5.54 Ohio 4 46,676,773 5.07 New York 5 40,033,750 4.35 Connecticut 1 38,000,000 4.13 Virginia 6 31,978,722 3.47 Rhode Island 1 25,311,005 2.75 Other States 40 213,422,013 23.17 Total: 145 921,174,883 100.00 Property Type Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- Retail 50 381,885,299 41.46 Office 26 230,059,950 24.97 Multifamily 32 177,255,644 19.24 Industrial 26 106,944,394 11.61 Self Storage 7 10,621,535 1.15 Manufactured Housing 3 9,433,825 1.02 Other 1 4,974,237 0.54 Total: 145 921,174,883 100.00 Mortgage Rate (%) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 5.9500% - 6.2499% 6 50,437,00 5.48 6.2500% - 6.5499% 10 147,857,696 16.05 6.5500% - 6.7499% 7 53,183,281 5.77 6.7500% - 6.8499% 10 92,509,536 10.04 6.8500% - 6.9499% 10 121,660,257 13.21 6.9500% - 7.0499% 9 54,955,579 5.97 7.0500% - 7.1499% 17 168,572,696 18.30 7.1500% - 7.2499% 17 79,672,744 8.65 7.2500% - 7.3499% 9 39,929,698 4.33 7.3500% - 7.4499% 8 23,791,846 2.58 7.4500% - 7.5499% 3 9,356,359 1.02 7.5500% - 7.6499% 4 16,883,244 1.83 7.6500% - 7.7499% 4 10,550,197 1.15 7.7500% - 8.2800% 12 51,814,749 5.62 Total: 126 921,174,883 100.00 Min: 5.9500 Max: 8.2800 Wtd Avg: 6.9301 Original Term to Stated Maturity (mos) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 60 13 120,849,429 13.12 61 - 84 8 115,076,282 12.49 85 - 120 102 665,885,664 72.29 121 - 180 3 19,363,508 2.10 Total: 126 921,174,883 100.00 Min: 60 Max: 180 Wtd Avg: 108 Remaining Term to Stated Maturity (mos) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 47 - 60 14 124,674,883 13.53 61 - 84 8 119,486,010 12.97 85 - 120 103 673,689,186 73.13 121 - 173 1 3,324,804 0.36 Total: 126 921,174,883 100.00 Min: 47 Max: 173 Wtd Avg: 103 Cut-off Date Loan-to-Value Ratio (%) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 25.71 - 30.00 2 41,000,000 4.45 30.01 - 40.00 2 2,292,594 0.25 40.01 - 50.00 8 35,148,130 3.82 50.01 - 55.00 13 60,880,709 6.61 55.01 - 60.00 11 45,378,735 4.93 60.01 - 65.00 12 126,739,984 13.76 65.01 - 70.00 13 76,039,988 8.25 70.01 - 75.00 42 360,882,164 39.18 75.01 - 79.74 23 172,812,579 18.76 Total: 126 921,174,883 100.00 Min: 25.71 Max: 79.74 Wtd Avg: 66.75 Loan-to-Value Ratio at Maturity (%) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 0.00 - 20.00 1 3,324,804 0.36 20.01 - 30.00 4 43,292,594 4.70 30.01 - 40.00 6 19,413,016 2.11 40.01 - 45.00 9 37,543,634 4.08 45.01 - 50.00 11 50,287,270 5.46 50.01 - 55.00 16 87,286,250 9.48 55.01 - 60.00 14 148,847,620 16.16 60.01 - 65.00 31 238,049,338 25.84 65.01 - 70.00 30 274,706,904 29.82 70.01 - 75.27 4 18,423,454 2.00 Total: 126 921,174,883 100.00 Min: 25.71(1) Max: 75.27 Wtd Avg: 58.40 (1) One Mortgage Loan is fully amortizing. Debt Service Coverage Ratios (x) Aggregate No. of Cut-off Mortgaged Date % of Properties Balance ($) Pool ---------- ----------- ---- 1.200 - 1.249 2 14,264,290 1.55 1.250 - 1.299 13 89,653,209 9.73 1.300 - 1.349 12 57,078,342 6.20 1.350 - 1.399 18 142,831,139 15.51 1.400 - 1.449 24 184,387,349 20.02 1.450 - 1.499 11 65,144,482 7.07 1.500 - 1.549 11 83,011,847 9.01 1.550 - 1.599 7 16,567,452 1.80 1.600 - 1.649 5 77,862,603 8.45 1.650 - 1.699 7 77,193,768 8.38 1.750 - 4.950 16 113,180,402 12.29 Total: 126 921,174,883 100.00 Min: 1.200 Max: 4.950 Wtd Avg: 1.667 All numerical information concerning the mortgage loans is approximate. All weighted average information regarding the mortgage loans reflects the weighting of the mortgage loans based on their outstanding principal balances as of the cut-off date. State and Property Type tables reflect allocated loan amounts in the case of mortgage loans secured by multiple properties. Original and Remaining Term to Stated Maturity tables are based on the anticipated repayment dates for mortgage loans with anticipated repayment dates.. Sum of Columns may not match "Total" due to rounding. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 6 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 IV. Large Loan Description Ten Largest Loans
Cut-off Date % of Units/ No. Property Name City State Property Type Balance Pool SF --- ------------- ---- ----- ------------- ------- ---- -- 1. Belz Outlet Center Orlando FL Retail $63,789,153 6.9% 637,772 2. RREEF Textron Portfolio Various Various Various $41,000,000(1) 4.5% N/A 3. 50 Danbury Road Wilton CT Office $38,000,000 4.1% 219,041 4. Cranston Parkade Cranston RI Retail $25,311,005 2.7% 259,218 5. Fifth Third Center Dayton OH Office $24,977,001 2.7% 294,850 6. Mountain Square Shopping Center Upland CA Retail $24,444,197 2.7% 273,189 7. Cityview Centre Fort Worth TX Retail $24,288,988 2.6% 352,300 8. SLO Promenade San Luis Obispo CA Retail $20,968,496 2.3% 173,347 9. CNL Retail Portfolio Various Various Retail $20,955,145 2.3% 210,155 10. Valencia Corporate Plaza Santa Clarita CA Office $17,500,000 1.9% 144,272 Total/Weighted Average 301,233,986 32.7% Cut-off Loan per Date Balloon Unit/SF U/W DSCR LTV LTV ------- -------- --- --- 1. Belz Outlet Center $100 1.61x 64.2% 56.6% 2. RREEF Textron Portfolio N/A 4.85x(2)(3) 25.7%(2) 25.7%(2) 3. 50 Danbury Road $173 1.68x 74.8% 63.0% 4. Cranston Parkade $98 1.54x 72.3% 68.5% 5. Fifth Third Center $85 1.41x 71.4% 61.4% 6. Mountain Square Shopping Center $89 1.42x 74.1% 64.8% 7. Cityview Centre $69 1.37x 75.9% 66.3% 8. SLO Promenade $121 1.37x 73.8% 70.0% 9. CNL Retail Portfolio $100 1.68x 62.8% 54.9% 10. Valencia Corporate Plaza $121 1.41x 74.0% 63.8% Total/Weighted Average $101 1.98x 64.5% 57.3%
(1) Comprised of two separate tranches totaling $41,000,000. See the loan description below. (2) Based on an allocated portion of the A-Note original balance. (3) Weighted Average. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 7 Mortgage Loan No. 1 -- Belz Outlet Center Loan Information Originator: BSCMI Original Balance: $64,000,000 Cut-off Date Balance: $63,789,153 First Payment Date: 8/01/2002 Interest Rate: 7.060% Amortization: 300 ARD: NAP Hyperamortization: NAP Maturity Date: 7/01/2009 Expected Maturity Balance: $56,227,720 Sponsor(s): Lothar Estein Interest Calculation: Actual/360 Call Protection: 24-month lockout after the date of securitization with U.S. Treasury defeasance for the 56 months following and open thereafter until loan maturity. Cut-off Date Loan per SF: $100.02 Up-front Reserves: RE Tax: $1,042,500 Insurance: $80,576 Replacement: $7,972 TI/LC $40,000 Other $3,000,000(1) Ongoing Reserves: RE Tax: $115,833/month Insurance $15,584/month Replacement: $7,972/month TI/LC $40,000/month Lockbox: Hard Property Information Shadow Rating: BBB/Baa3 Single Asset/Portfolio: Single Asset Property Type: Retail Property Sub-type: Factory Outlet Location: Orlando, FL Year Built/Renovated: 1981/1991 Occupancy: (2) 91.6% Square Footage: 637,772 The Collateral: An outlet center in Orlando, FL Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- Rockport 3.5% $16.50 7/31/2006 Nike Retail Services 3.5% $13.38 12/31/2007 Gap 2.4% $28.00 1/31/2005 Property Management: Belz Enterprises U/W Net Cash Flow: $8,801,915 Appraised Value: $99,400,000 Cut-off Date LTV: 64.2% Maturity Date LTV: 56.6% U/W DSCR: 1.61x (1) At loan closing, the borrower escrowed $3,000,000 to offset short term rent concessions to be released when the effective gross income reaches $17,246,000 per annum. (2) Occupancy is based on the rent roll dated 3/31/2002. The Belz Outlet Center Loan The Loan. The largest loan is evidenced by a promissory note and is secured by a first priority mortgage on the Belz Outlet Center located in Orlando, Florida. The Borrower. The borrower is Orlando Outlet World, LTD, a Florida limited partnership. The borrower owns no material assets other than the mortgaged property and related interests. The sole general partner of the borrower is Welp Orlando Outlet Center, LLC, a Florida limited liability company whose managing member is Mr. Lothar Estein. Mr. Estein has over 30 years experience in the U.S. real estate market. Mr. Estein and his partners own eleven factory outlet centers totaling 5.25 million square feet. Eight of these centers are managed by Belz Enterprises. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 8 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 The Property. Belz Outlet Center is a 637,772 SF factory outlet center located in southwest Orlando in the International Drive and Universal Studios tourist area. The property consists of two interior malls and four annexes, which were built in stages from 1981 through 1991. The property is located immediately adjacent to the intersection of Interstate 4 and the Florida Turnpike, one of the busiest interchanges in Florida with a traffic count of 113,000 cars per day. The property is 4 miles from the Orlando Convention Center and three miles from Universal Studios. Approximately 15 million people visit the area each year. The property has a diverse national tenant base and no tenant represents greater than 3.5% of the NRA. Sales at the center were approximately $292 PSF in 2001 and $359 PSF in 2000. Sales in 2001 were above the national average of $255 per square foot for outlet centers. Significant Tenants: The property is currently 91.6% occupied by approximately 165 tenants. Rockport occupies 22,299 SF (3.5% of the total NRA) under a lease for $16.50 PSF expiring in 2006. The Rockport lease is guaranteed by its parent company, Reebok International LTD., (rated BBB- by S&P and Baa3 by Moody's). Reebok International LTD. designs, markets, and distributes sports, fitness, and casual footwear, apparel, and equipment. Reebok owns or licenses various different brand names including Reebok, Rockport, Ralph Lauren, Polo, and Greg Norman. Nike Retail Services occupies 22,039 SF (3.5% of the total NRA) under a lease for $13.38 PSF expiring in 2007. Nike reported sales at the center of $847 PSF in 2001 and occupancy costs of approximately 2%. Nike, Inc. (rated A by S&P and A2 by Moody's) holds approximately 35% of the U.S. athletic shoe market. Nike sells its products through approximately 17,000 retail accounts in the US as well as independent distributors and licensees in 140 other countries. The Gap, Inc. occupies 15,067 SF (2.4% of the NRA) under a lease for $28.00 PSF expiring in 2005. The Gap reported sales at this location of approximately $583 PSF and occupancy costs of approximately 5%. The Gap, Inc. is an international specialty retailer that sells casual apparel, personal care, and other accessories for men, women, and children. The Gap operates more than 4,100 stores worldwide in the U.S., United Kingdom, Canada, France, Japan, and Germany. Additional tenants include Walt Disney (rated A- by S&P and A3 by Moody's), which reported sales of approximately $900 PSF, Tommy Hilfiger, which reported sales of approximately $770 PSF, and Timberland, which reported sales of approximately $895 per PSF. Property Management The property is managed by Belz Enterprises. Belz Enterprises develops, owns, and manages over 25 million square feet of commercial real estate space, including industrial properties, shopping centers, office buildings and corporate campuses. Belz Enterprises has developed more than 40 shopping complexes across the United States, including residential strip centers, regional malls, and factory outlets. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Release of Parcels. None permitted. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 9 Mortgage Loan No. 2 -- RREEF Textron Portfolio Loan Information Originator: PMCF Original Balance: (1) $41,000,000 Cut-off Date Balance: (1) $41,000,000 First Payment Date: 6/01/2002 Interest Rate: 7- Year Tranche = 6.160% 10-Year Tranche = 6.370% Amortization: Interest Only ARD: NAP Hyperamortization: NAP Maturity Date: 7- Year Tranche = 5/01/2009 10-Year Tranche = 5/01/2012 Expected Maturity Balance: $41,000,000 Sponsor(s): Textron Master Trust Interest Calculation: 30/360 Call Protection: Prepayment is permitted subject to the payment of the greater of (i) yield maintenance or (ii) 1% of the principal balance prepaid multiplied by the number of months remaining until maturity divided by the original term of the loan. Cut-off Date Loan per SF: NAP Up-front Reserves: NAP Ongoing Reserves: NAP Lockbox: NAP Property Information Shadow Rating: AAA/Aaa Single Asset/Portfolio: Portfolio Property Type: See table below Property Sub-type: Various Location: See table below Year Built/Renovated: Various Occupancy: See table below Square Footage: See table below The Collateral: A seven-asset portfolio comprised of multifamily, office, industrial/warehouse and retail space. Ownership Interest: Fee(2) Major Tenants % NRSF Rent PSF Lease Expiration See table below Property Management: RREEF Management Company U/W Net Cash Flow: $12,511,359 Appraised Value: $159,500,000 Cut-Off Date LTV: 25.7%(3) Maturity Date LTV: 25.7%(3) U/W DSCR: 4.85x(3) (4) (1) Represents the senior A-Note portion of an $80,000,000 loan. The A-Note is further divided into a 10-Year tranche in the amount of $25,625,000 and a 7-Year tranche in the amount of $15,375,000. (2) The Bear Creek Village Shopping Center property is a combined fee and leasehold interest. (3) Based on allocated portion of the A-Note original balance. (4) Weighted average. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 10 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1
Jurisdiction Property Square Feet Loan PSF or Property Name City or State Type or Units Unit (1) Occupancy ------------- ---- -------- ---- ----- ----- --------- Demonet Building Washington DC Office 94,893 $64.81 88.5% (3) Dallas Industrial Portfolio Carrollton, Farmers TX Industrial 561,920 $9.67 93.8% (3)(6) Branch and Richardson Lakeridge at the Moors Miami FL Multifamily 175 $18,303.57 90.9% (2) Pointe at Crystal Lake Pompano Beach FL Multifamily 292 $17,200.34 91.1% (3) Bear Creek Village Shopping Redmond WA Retail 175,040 $36.31 98.2% (3) Center I-290 Industrial Park Northborough MA Industrial 576,644 $13.24 94.9% (3) Marley Run Apartments Pasadena MD Multifamily 336 $21,430.43 95.8% (3) Rent PSF or Property Name Major Tenant (4) % NRSF Unit (5) Lease Expiration ------------- ------------- ------ ----- ---------- Demonet Building Birch Horton Bittner 10.7% $33.10 11/30/2003 Dallas Industrial Portfolio Servicecraft, LLC 20.7% $3.20 11/30/2006 Lakeridge at the Moors NAP NAP $938.25 NAP Pointe at Crystal Lake NAP NAP $875.42 NAP Bear Creek Village Shopping Safeway 26.2% $3.28 9/01/2006 Center I-290 Industrial Park USCO Logistics 15.1% $5.50 5/31/2003 Services Marley Run Apartments NAP NAP $971.50 NAP
(1) Based on allocated portion of the A-Note original balance. (2) Occupancy is based on the rent roll dated 6/24/2002. (3) Occupancy is based on the rent roll dated 6/25/2002. (4) The major tenant is the largest tenant in each of the respective commercial properties. (5) For multifamily properties, rent per unit is based on the underwritten gross potential rent divided by the total number of units. (6) A tenant representing 14.7% of the total NRA for the Dallas Industrial Portfolio has vacated its space but continues, and is obligated, to pay rent. The RREEF Textron Portfolio Loan The Loan. The second largest loan is the RREEF Textron Portfolio, which is the senior A-Note portion of an $80,000,000 loan that also has a subordinate $39,000,000 B-Note portion. Both the A-Note and the B-Note are evidenced by seven separate notes that are cross-collateralized and cross-defaulted. The notes were further divided into two pari passu tranches: a 10-year tranche with a loan amount of $25,625,000 and a note rate of 6.37%; and a 7-year tranche with a loan amount of $15,375,000 and a note rate of 6.16%. The Borrowers. The borrowers are eight separate entities: TCIT Dallas Industrial, Inc., a Delaware corporation, TMT Bear Creek Shopping Center, Inc., a Delaware corporation, Bear Creek Village, L.L.C., a Delaware limited liability company, TMT Marley Run II, L.L.C., a Delaware limited liability company, TMT Pointe at Crystal Lake, Inc., a Delaware corporation, TMT Demonet, Inc., a Delaware corporation, TMT 290 Industrial Park, Inc., a Delaware corporation and TMT Lakeridge at the Moors, Inc., a Delaware corporation. The borrowing entities are owned and controlled by the Textron Master Trust, the pension fund of Textron, Inc., which is rated A by Fitch, A3 by Moody's and A by S&P. Textron, Inc. is a multi-industry company whose business segments include aviation, fastening systems, and industrial components and products. The Textron Master Trust is advised by RREEF, an institutional pension fund advisor founded in 1975. The Properties. Demonet Building: The Demonet Building is a 94,893 SF Class "A-/B+" office building located in the Golden Triangle area of Washington, D.C. The improvements, constructed in 1984, consist of a four-story and 12-story building with an underground three-level parking garage. The property is located on the southeast corner of Connecticut Avenue and M Street. Dallas Industrial Portfolio: The portfolio is comprised of five separate industrial properties located in Texas. The Carrolton property is a 241,354 SF one-story warehouse constructed in 1985 and located approximately 16 miles northwest of the Dallas central business district ("CBD"). The Farmers Branch property is an 82,464 SF one-story warehouse constructed in 1971 and is located approximately 11 miles north of the Dallas CBD. The This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 11 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 first Richardson property is Exchange Drive, a 54,731 SF one-story industrial flex building constructed in 1979. The second Richardson property is Glenville Drive, which consists of two one-story industrial flex buildings totaling 67,200 SF constructed in 1979. The third Richardson property is Commerce Drive, which consists of two one-story industrial flex buildings totaling 116,171 SF constructed in 1980. All three of the Richardson properties are located approximately 13 miles northeast of the Dallas CBD. Lakeridge at the Moors: Lakeridge at the Moors is a 175-unit garden style apartment complex located in Miami, Florida, approximately 20 miles northwest of the Miami CBD. The improvements, constructed in 1991, consist of four three-story buildings. The unit mix consists of 50 one-bedroom/one-bath units containing 775 SF and 125 two-bedroom/two-bath units containing 1,050 SF. Units feature covered patios and balconies, vaulted ceilings, and washers and dryers. The property amenities include a swimming pool, sun deck, fitness center, fishing pier and barbecue area. All of South Florida's major highways, including the Palmetto Expressway, I-95, I-75 and Florida's Turnpike, are accessible from the property. Pointe at Crystal Lake: Pointe at Crystal Lake is a 292-unit garden style apartment complex located in Pompano Beach, Florida, approximately three miles north of downtown Pompano Beach. The improvements, constructed in 1988, consist of 21 two-story buildings. The unit mix consists of 88 one-bedroom/one-bath units containing 790 SF, 160 two-bedroom/two-bath units containing 960 SF and 44 three-bedroom/two-bath units containing 1,170 SF. Units feature private balconies, and washers and dryers. The property amenities include two swimming pools and spas with sun decks, lighted tennis courts, racquetball courts, a fitness center and various other lakefront amenities. The property can access major thoroughfares in Florida giving it local and regional accessibility. Bear Creek Village Shopping Center: Bear Creek Village Shopping Center is a 175,040 SF grocery-anchored shopping center located in Redmond, Washington, approximately 15 miles east of the Seattle CBD. The improvements, constructed in 1976 and renovated in 1987, consist of six one-story buildings. The property is 98.2% occupied by 30 tenants. Safeway, the largest tenant at the property, occupies 45,938 SF and is rated Baa2 by Moody's and BBB by S&P. I-290 Industrial Park: I-290 Industrial Park is a 576,644 SF industrial park located in Northborough, Massachusetts, approximately 40 miles west of downtown Boston. The improvements, constructed in 1974 and 1980, consist of six one-story buildings. The property is served by highways I-90, I-495, I-290 and Routes 9 and 20. The predominant use of real estate in the area is for warehousing due to the location. Marley Run Apartments: Marley Run Apartments is a 336-unit apartment complex located in Pasadena, Maryland, approximately ten miles southeast of Baltimore. The improvements, constructed in 1990, consist of 18 two-and three-story buildings. The unit mix consists of 200 one-bedroom/one-bath units containing between 654 and 767 SF and 136 two-bedroom/two-bath units containing between 945 and 1,073 SF. Units feature balconies, patios or sunrooms, vaulted ceilings, and washers and dryers. The property amenities include a swimming pool with sunning pavilion, a lighted tennis court, a fitness center and a playground. The property offers access to I-695 that connects to Baltimore to the north and Annapolis to the south. Property Management. The properties are managed by RREEF Management Company. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Release and Substitution Provisions. The borrower under the RREEF Textron Portfolio may obtain a release of any of the RREEF Textron Portfolio Properties (not to exceed four properties in the aggregate or two properties in any one year) upon the satisfaction of various conditions set forth in the related loan documents, including: (i) This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 12 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 payment of the release price, in an amount equal to 110% of the allocated loan amount applicable to the property to be released, (ii) payment of the applicable prepayment premium, (iii) maintenance of certain debt service coverage and loan-to-value ratios with respect to the remaining properties, and (iv) under certain conditions set forth in the loan documents, consent of the RREEF Textron Portfolio B-Note holder (currently, Prudential Insurance Company of America). In addition, upon satisfaction of certain criteria set forth in the loan documents, the borrower may replace up to five of the RREEF Textron properties with substitute properties during the loan term. Additional A-Note and B-Note information. The RREEF Textron Portfolio Mortgage Loan (A-Note) and the RREEF Textron Portfolio B-Note Loan (B-Note) are subject to an agreement among noteholders. For so long as no monetary event of default or other material event of default exists with respect to the loans, and the loans are not being specially serviced, payments of interest and principal will be made on the A-Note and the B-Note on a pro rata basis. Upon an event of default under the RREEF Textron Portfolio Loan, the holder of the B-Note will be entitled to cure the default for an additional five days beyond any permitted grace period, in which event payments of interest and principal on the A-Note and B-Note will be made on a pro rata basis. However, for as long as a monetary event of default or other material event of default exists with respect to the loans or the loans are being specially serviced, the agreement among noteholders requires that all amounts received in respect of the loans will be applied: first, to cover, or to reimburse various parties for, servicing advances/expenses relating to the loans; second, to pay principal and interest (other than Default Interest) due on the A-Note; third, to pay principal and interest (other than Default Interest) on the B-Note; fourth, to pay any yield maintenance charge or other prepayment premium payable on the A-Note; fifth, to pay any yield maintenance charge or other prepayment premium on the B-Note; sixth, to pay Default Interest on the A-Note; seventh, to pay Default Interest on the B-Note; and eighth, to allocate any remaining amounts between the A-Note and the B-Note on a pro rata basis. In the event that there exists a payment default under the RREEF Textron Portfolio Mortgage Loan that continues for 90 days or more, or the A-Note becomes specially serviced, the holder of the B-Note will be entitled to purchase the A-Note from the trust at a price generally equal to the principal balance plus accrued interest. The holder of the B-Note is not required to pay any prepayment premium in connection with such purchase. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 13 Mortgage Loan No. 3 -- 50 Danbury Road Loan Information Originator: PMCF Original Balance: $38,000,000 Cut-off Date Balance: $38,000,000 First Payment Date: 10/01/2002 Interest Rate: 6.400% Amortization: 2 years Interest Only and 25 years thereafter ARD: 9/01/2012 Hyperamortization: After the ARD, the interest rate steps up to the greater of 6.400% plus 2% or the treasury rate plus 2%. Maturity Date: 9/01/2029 Expected Maturity/ARD $31,978,504 Balance: Sponsors: Jonathan Davis and Paul Marcus Interest Calculation: Actual/360 Call Protection: 26-month lockout from date of origination with U.S. Treasury defeasance for the following 90 months and open thereafter until loan maturity. Cut-off Date Loan per SF: $173.48 Up-front Reserves: RE Tax: $87,180 Other: (1) $1,049,211 Ongoing Reserves: RE Tax: $29,060/month Replacement: $3,651/month FutureTI/LC: $19,000/month(2) Lockbox: Hard (A/B), In-Place Property Information Single Asset/Portfolio: Single Asset Property Type: Office Property Sub-type: Suburban Location: Wilton, CT Year Built/Renovated: 1960/2001 Occupancy: (3) 96.1% Square Footage: 219,041 The Collateral: A two-story Class A condominium office property. Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- D.L. Ryan Companies, Ltd. 47.6% $30.25 8/31/2012 AIG Financial Products Corporation 30.0% $26.70 3/31/2017 Property Management: Davis Management Corporation U/W Net Cash Flow: $4,149,428 Appraised Value: $50,800,000 Cut-Off Date LTV: 74.8% Maturity/ARD Date LTV: 62.9% U/W DSCR: (4) 1.68x (1) Borrower assigned to lender the letter of credit posted by D.L. Ryan Companies, Ltd. as a security deposit. The letter of credit will be reduced in accordance with the terms of the D.L. Ryan Companies, Ltd. lease to $786,908 at the beginning of the fourth year of the loan term. (2) Commencing 5/01/2007, a TI/Leasing reserve will be established into which the borrower will be required to deposit $19,000/month up to a $3,200,000 cap during the loan term. (3) Occupancy is based on the rent roll dated 6/26/2002. (4) U/W DSCR is calculated based on the interest only period. U/W DSCR calculated based on the payments after the interest only period, which include amortization, will be 1.36x. The 50 Danbury Road Loan The Loan. The third largest loan is evidenced by a promissory note and is secured by a first mortgage on 50 Danbury Road located in Wilton, Connecticut. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 14 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 The Borrower. The borrower is Wilton 50, LLC, a Delaware limited liability company. The borrower owns no material assets other than the property and related interests. The borrower is wholly owned by DIV 50, LLC, a Massachusetts limited liability company, which is controlled by Paul Marcus and Jonathan Davis, as managers. Paul R. Marcus is a principal of The Davis Companies and the president of Davis Investment Ventures, Inc. He has been in the real estate business for over 20 years and has been involved in the acquisition, planning, design and construction of over eight million square feet of office, research and development space, 2,000 hotel rooms, medical laboratory projects and mixed use developments. Jonathan G. Davis is the founder and principal of The Davis Companies. His firm has renovated and developed over $800 million of real property and has offices in Boston and Connecticut. The Property. 50 Danbury Road is a Class "A" condominium office property, located in Wilton, CT, approximately 40 miles northeast of New York City. The property consists of a single two-story condominium office building containing 219,041 SF of office space. Common facilities of the property include a 237-space parking garage, connected to the building by an enclosed bridge, a surface parking lot, and basketball, volleyball and tennis courts. The property was constructed in 1960 and underwent a total of approximately $48 million in renovations in 1988 ($30 million) and in 2001 ($18 million). 50 Danbury Road is currently 96% occupied by 6 tenants, including D.L. Ryan Companies, Ltd. and AIG Financial Products Corporation. Significant Tenants: The largest tenant, D.L. Ryan Companies, Ltd., is a privately owned marketing company. It occupies 104,229 SF (47.6% of the total NRA) under a lease for $30.25 PSF expiring in August 2012. D.L. Ryan Companies, Ltd. uses the property as its headquarters. AIG Financial Products Corporation ("AIG") is the second largest tenant, occupying 65,584 SF (30.0% of the total NRA) under a lease for $26.49 PSF expiring in March 2017. AIG is rated Aaa by Moody's and AAA by S&P. It is a U.S.-based international insurance and financial services organization and a major underwriter of commercial, industrial, and life insurance in the U.S. Alea North American Company is the third largest tenant, occupying 20,737 SF, (9.5% of the total NRA) under a lease for $33.25 PSF expiring in March 2012. Alea North American Company is a global multi-line re-insurer/insurer. It is rated A- by S&P. Property Management. The property is managed by Davis Management Corporation, an affiliate of the borrower. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. The borrower has a reimbursement obligation to AIG, which funded the construction of the 237-space garage at a cost of $4,085,000 (the "Garage Cost"). If AIG is not fully reimbursed by 2015, the last payments of the base rent during AIG's original lease term, in an amount equal to the unreimbursed Garage Costs, will be eliminated. An affiliate of the borrower that owns a contiguous parcel on which it intends to construct a new office building (and any transfers of such affiliate) is prohibited from constructing any such building until such time as the borrower has either paid or collateralized the Garage Costs (in the form of cash or letter of credit). If the borrower does not satisfy this obligation, the unreimbursed Garage Costs become a recourse obligation under the recourse guarantee. Release Provision. Subject to satisfaction of the conditions set forth in the loan documents, including compliance with all laws, the borrower may release an immaterial portion of the property from the mortgage in connection with a boundary line adjustment. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 15 Mortgage Loan No. 4 -- Cranston Parkade Loan Information Originator: BSCMI Original Balance: $25,350,000 Cut-off Date Balance: $25,311,005 First Payment Date: 9/01/2002 Interest Rate: 6.750% Amortization: 360 ARD: NAP Hyperamortization: NAP Maturity Date: 8/01/2007 Expected Maturity Balance: $23,966,239 Sponsor(s): Joseph Paolino Jr. & Neil Ellis Interest Calculation: Actual/360 Call Protection: 24-month lockout after the date of securitization with U.S. Treasury defeasance for the 33 months following and open thereafter until loan maturity. Cut-off Date Loan per SF: $ 97.64 Up-front Reserves: RE Tax: $79,340 Insurance: $11,543 Replacement: $3,240 Debt Service: $82,000 Other: (1) $1,375,000 Ongoing Reserves: RE Tax: $39,670/month Insurance: $5,771/month Replacement: $3,240/month TI/LC: $8,333/month Lockbox: Hard Property Information Single Asset/Portfolio: Single Asset Property Type: Retail Property Sub-type: Anchored Location: Cranston, RI Year Built/Renovated: 2001/NAP Occupancy: (2) 100% Square Footage: 259,218 The Collateral: A grocery-anchored neighborhood shopping center Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- Kmart 40.0% $9.85 5/31/2027 Stop & Shop 25.5% $17.94 11/30/2021 AJ Wright 9.1% $8.50 3/31/2012 Property Management: Paolino Management, LLC U/W Net Cash Flow: $3,034,829 Appraised Value: $35,000,000 Cut-off Date LTV: 72.3% Maturity Date LTV: 68.5% U/W DSCR: 1.54x (1) At loan closing, the Borrower escrowed $1.375 million. An additional $760,000 will be collected through a cash flow sweep. $825,000 will be released when Kmart affirms its lease in bankruptcy court provided the property has a debt service coverage ratio of at least1.25x; the remaining funds will be released when Kmart has emerged from bankruptcy and provides a new estoppel and provided the property has a debt service coverage ratio of at least 1.25x. (2) Occupancy is based on the rent roll dated 7/28/2002. The Cranston Parkade Loan The Loan. The fourth largest loan is secured by first priority mortgage on the Cranston Parkade, a newly constructed community shopping center located in Cranston, Rhode Island. The Borrower. The borrower is Cranston/BVT Associates Limited Partnership, a Rhode Island limited partnership. The borrower owns no material assets other than the properties and related interests. The sponsors for this transaction are Joseph Paolino, Jr. and Neil Ellis. Mr. Paolino has worked in his family real estate business since 1973. Mr. Paolino is the former mayor of Providence, Rhode Island. Mr. Ellis is a principal of First Hartford Realty This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 16 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 Corporation. This company has developed approximately 4.8 million SF of shopping center space, 3.6 million SF of industrial space,602,000 SF of office buildings, and 5,365 housing units. The Property. Cranston Parkade is a new anchored community shopping center located in Cranston, Rhode Island. Cranston is situated within an approximate 10-minute drive from Providence, Rhode Island's largest city and the state capital. The property was completed in 2001 and consists of two Class A retail buildings totaling 259,218 square feet. The center is anchored by a Super Stop & Shop, Kmart and AJ Wright. The property is 100% occupied with a mixture of national and local tenants, with a majority of the space expiring after the loan term. Cranston is a well established in-fill community. The property is situated on the south side of Garfield Avenue directly adjacent to a new Lowe's Home Improvement Center and just east of a recently constructed exit for Route 10. Route 10 is a feeder road to I-295 and I-95, the two major interstates in the Providence MSA. According to the appraiser, average occupancy for the five most competitive centers in the area is 97%. The site is approximately 27 acres and contains approximately 1,000 parking spaces (3.9 per 1,000 square feet). Significant Tenants: The property is 100% occupied by a total of 14 tenants. Kmart occupies 103,672 SF (40.0% of the total NRA) under a lease for $9.85 PSF expiring in 2027. On January 22, 2002, Kmart Corporation filed Chapter 11 bankruptcy. Since that time, Kmart obtained $2.0 billion in financing to fund their operation through the bankruptcy process. The Cranston store opened in November of 2001 and based on the first 36 weeks of operations, annualized sales are $170 PSF. In addition, the loan is structured with an upfront escrow of $1.375 million and a cash-flow sweep totaling approximately $760,000. These funds equate to 24 months of Kmart's base rent. Stop & Shop occupies 66,078 SF (25.5% of the total NRA) under a lease for $17.94 PSF expiring in 2021. Stop & Shop is a wholly owned subsidiary of Royal Ahold NV. Royal Ahold NV, in turn, is a wholly owned subsidiary of Koninklijke Ahold NV (rated Baa1 by Moody's and BBB+ by S&P). Stop & Shop currently operates 321 grocery stores throughout New England, New York and New Jersey. Sales at the Cranston store are approximately $405 PSF. AJ Wright occupies 23,696 SF (9.1% of the total NRA) under a lease for $8.50 PSF expiring in 2012. AJ Wright is the newest retail chain of the TJX Companies, Inc., the parent of T.J. Maxx and Marshall's stores. TJX Companies Inc. is rated A3 by Moody's and A- by S&P. TJX opened 20 AJ Wright Stores in fiscal 2002 bringing their total up to 45. Property Management. The property is managed by Paolino Management, LLC, and entity controlled by Joseph Paolino, Jr. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Release of Parcels. None permitted. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 17 Mortgage Loan No. 5 -- Fifth Third Center Loan Information Originator: PMCF Original Balance: $25,000,000 Cut-off Date Balance: $24,977,001 First Payment Date: 10/01/2002 Interest Rate: 6.410% Amortization: 360 months ARD: 9/01/2012 Hyperamortization: After the ARD, the interest rate steps up to the greater of 6.410% plus 2% or the treasury rate plus 2%. Maturity Date: 9/01/2032 Expected Maturity/ARD $21,492,428 Balance: Sponsor: Danis Properties Co., Inc. Interest Calculation: Actual/360 Call Protection: 26-month lockout from date of origination with U.S. Treasury defeasance for the following 90 months and open thereafter until loan maturity. Cut-off Date Loan per Unit: $84.71 Up-front Reserves: RE Tax: $146,851 Insurance: $67,136 Ongoing Reserves: RE Tax: $41,957/month Insurance: $6,103/month Replacement: $4,910/month Leasing: (1) $31,750/month Lockbox: Hard (A/B), In-Place Property Information Single Asset/Portfolio: Single Asset Property Type: Office Property Sub-type: CBD Office Location: Dayton, OH Year Built/Renovated: 1989/NAP Occupancy: (2) 86.1% Square Footage: 294,850 The Collateral: A 20-story Class A office building Ownership Interest: Fee Major Tenant % NRSF Rent PSF Lease Expiration - ------------ ------ -------- ----------- Fifth Third Bank 36.0% $22.85 11/30/2009 Property Management: NAI Larry Stein Realty U/W Net Cash Flow: $2,653,172 Appraised Value: $35,000,000 Cut-Off Date LTV: 71.4% Maturity/ARD Date LTV: 61.4% U/W DSCR: 1.41x (1) Subject to a $1,500,000 cap. (2) Occupancy is based on the rent roll dated 8/01/2002. The Fifth Third Bank Loan The Loan. The fifth largest loan is evidenced by a promissory note and is secured by a first mortgage on the Fifth Third Center located in Dayton, Ohio. The Borrower. The borrower is Fifth Third Center, Inc., an Ohio corporation. The borrower owns no material assets other than the property and related interests. The loan sponsor, Danis Properties Co., Inc. ("DPC"), owns 100% of Danis Fifth Third Center Holding Company, Inc., which owns 100% of the borrower. DPC owns 10 office, four This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 18 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 industrial and two retail properties comprising approximately 1,000,000 square feet of space. DPC is wholly owned by Tom Danis through his 100% ownership of The Danis Companies. The Property. The property is a Class "A", 294,850 SF office building located in the CBD of Dayton, OH, approximately 30 miles northeast of Cincinnati. Built in 1989, the building is constructed of structural steel with a granite and concrete exterior curtain wall, and includes a 148-space, two-level underground parking garage. Fifth Third Center is currently 86.1% occupied by a total of 27 tenants. Significant Tenants: Fifth Third Bank occupies 105,925 SF (36% of the total NRA) under a lease for $22.85 PSF expiring in November 2009. The lease contains four five-year renewal options. This company operates 16 affiliate banks and other financial service subsidiaries principally in Ohio, Kentucky, Indiana, Illinois, Michigan, West Virginia and Florida, while using the subject property as its regional headquarters. Fifth Third Bank is rated Aa2 by Moody's and AA- by S&P. Additional tenants at the property include PaineWebber, Inc. (19,124 SF), General Services Administration (14,394 SF), Ernst & Young (11,975 SF), Morgan Stanley Dean Witter (9,558 SF) and McDonald & Company (7,477 SF). Property Management. The property is managed by NAI Larry Stein Realty, an affiliate of the borrower. NAI Larry Stein Realty, a wholly owned subsidiary of DPC, has been providing management services since 1958 and currently is responsible for managing approximately 3,000,000 SF of commercial space, including the 1,000,000 SF owned by DPC. Mezzanine or Subordinate Indebtedness. Contemporaneous with the funding of the first mortgage loan, Prudential Mortgage Capital Company, LLC, funded a mezzanine loan in the amount of $1,250,000. The borrower under the mezzanine financing is Danis Fifth Third Center Holding Company, Inc., the entity that wholly owns the mortgage borrower. The mezzanine loan is secured by an equity interest in the mortgage borrower and is a 10-year, fully amortizing loan with an interest rate of 11.0%. The mezzanine lender has agreed that it shall not exercise its rights to foreclose upon the pledged equity interests in the mortgage borrower unless both rating agencies have confirmed that the resulting transfer of such equity interests would not result in a downgrade, qualification or withdrawal of the ratings on any of the outstanding certificates, the property will be managed by an experienced property manager and, if not then in place, a hard lockbox is implemented promptly after such transfer is completed. Additional Indebtedness. Not allowed. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 19 Mortgage Loan No. 6 -- Mountain Square Shopping Center Loan Information Originator: PMCF Original Balance: $24,625,000 Cut-off Date Balance: $24,444,197 First Payment Date: 2/01/2002 Interest Rate: 6.760% Amortization: 360 months ARD: NAP Hyperamortization: NAP Maturity Date: 1/01/2012 Expected Maturity Balance: $21,367,298 Sponsor: CT Operating Partnership, L.P. Interest Calculation: Actual/360 Call Protection: 34-month lockout from date of origination with U.S. Treasury defeasance for the following 82 months and open thereafter until loan maturity. Cut-off Date Loan per SF: $89.48 Up-front Reserves: RE Tax: $294,665 Insurance: $21,651 Other: (1) $625,000 Ongoing Reserves: RE Tax: $58,933/month Replacement: $4,553/month TI/Leasing: $16,800/month Future: (2) Lockbox: Hard (A/B), In-Place Property Information Single Asset/Portfolio: Single Asset Property Type: Retail Property Sub-type: Anchored Location: Upland, CA Year Built/Renovated: 1988/NAP Occupancy: (3) 94.3% Square Footage: 273,189 The Collateral: Anchored retail center consisting of five single-story buildings. Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- The Home Depot (4) 37.7% $10.23 1/31/2009 Von's 23.3% $9.95 12/31/2008 Staples 8.8% $13.00 8/31/2008 Property Management: CT Operating Partnership, L.P. U/W Net Cash Flow: $2,717,437 Appraised Value: $33,000,000 Cut-Off Date LTV: 74.1% Maturity Date LTV: 64.7% U/W DSCR: 1.42x (1) A $625,000 reserve was established at closing in connection with the former Cigarettes Cheaper space (0.4% of the total NRA) and the space leased by Casual Male (1.10% of the total NRA), which is currently in bankruptcy. $250,000 of the reserve is allocated to the Cigarettes Cheaper space and is to be held by the lender until such time as the 1,200 SF former Cigarettes Cheaper space is leased to a new tenant on the terms set forth in the deed of trust. $375,000 is allocated to the Casual Male space and is to be held until such time as either (a) a final order of the bankruptcy court affirming the existing lease of the Casual Male space is received by the lender, or (b) a replacement lease for the Casual Male space is executed on the terms set forth in the deed of trust. In addition, the respective reserves are not to be released until such time as (i) the tenants have opened for business, have commenced and continue to pay rent, and have delivered an estoppel to the lender; and (ii) the borrower delivers satisfactory evidence to the lender that all leasing costs relating to the said tenants have been paid in full. (2) Commencing on 9/1/2003, the borrower is required make monthly payments of $18,571 in connection with the Home Depot tenant, $11,066 in connection with the Von's space and $5,109 in connection with the Staples space. These payments, which relate to potential rollover costs, will continue through 8/01/2008 unless the borrower satisfies certain conditions set forth in the deed of trust. (3) Occupancy is based on the rent roll dated 5/31/2002. (4) The Home Depot occupies 2 contiguous units. The first unit consists of 98,064 SF at a base rent of $9.85 PSF NNN expiring 1/31/2009 and the second unit consists of 4,800 SF at a base rate of $18.00 PSF NNN expiring 3/31/2007. The Mountain Square Shopping Center Loan The Loan. The sixth largest loan is evidenced by a promissory note and is secured by a deed of trust on the Mountain Square Shopping Center located in Upland, California. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 20 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 The Borrower. The borrower is CT Realty Properties Finance II, LLC, a Delaware limited liability company. The borrower owns no material assets other than the property and related interests. The borrower is controlled by Center Trust, Inc., a publicly traded REIT (NYSE: CTA). Center Trust conducts substantially all of its operations through CT Operating Partnership, L.P., the loan sponsor. Center Trust's portfolio consists of 31 community shopping centers, two regional malls and two single tenant facilities with all properties aggregating to approximately 7.9 million square feet of retail space. The Property. Mountain Square Shopping Center is an anchored retail center located in Upland, California, approximately 35 miles east of Los Angeles. The property is situated within the Inland Empire, which is comprised of San Bernardino and Riverside Counties and represents the largest geographical MSA in the United States. The estimated 2000 population of the Inland Empire was 3,190,294. The property consists of five single-story buildings containing 273,189 SF of retail space. Approximately $500,000 was invested in 2002 in the property to enhance architectural features, aesthetics and landscaping. Mountain Square Shopping Center is currently 94% occupied by a total of 24 tenants. Of these 24 tenants, tenants accounting for approximately 70% of the space are either investment grade or have an investment grade parent. Over 62% of the space is occupied by tenants that have been at the property for at least 12 years. Significant Tenants: The Home Depot occupies 102,864 SF (37.7% of the total NRA) under two leases with 98,064 SF at $9.85 PSF NNN and 4,800 SF at $18.00 PSF NNN. The Home Depot is rated AA by Fitch, Aa3 by Moody's and AA by S&P. The 98,064 SF lease expires in January 2009 and the other lease expires in March 2007. Von's occupies 63,748 SF (23.3% of the total NRA) under a lease for $9.95 PSF NNN expiring in December 2008. Von's is owned by Safeway, a large North American food and drug chain which is rated Baa2 by Moody's and BBB by S&P. The company operates approximately 1,733 stores under the Safeway, Von's, Dominick's, Randall's and Tom Thumb names. Additional tenants at the property include Staples (24,133 SF), which is rated BBB+ by Fitch, Baa2 by Moody's and BBB- by S&P, Factory 2 U Stores (18,000 SF), and Starbucks (1,300 SF). Property Management. The property is managed by CT Operating Partnership, L.P., the loan sponsor and an affiliate of the borrower. CT Operating Partnership, L.P., is a subsidiary of Center Trust, Inc. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 21 Mortgage Loan No. 7 -- Cityview Centre Loan Information Originator: PMCF Original Balance: $24,325,000 Cut-off Date Balance: $24,288,988 First Payment Date: 9/01/2002 Interest Rate: 6.910% Amortization: 360 months ARD: 8/01/2012 Hyperamortization: After the ARD, the interest rate steps up to the greater of 6.910% plus 2% or the treasury rate plus 2%. Maturity Date: 8/01/2032 Expected Maturity/ARD $21,201,148 Balance: Sponsor: Jeffrey L. Olyan Interest Calculation: Actual/360 Call Protection: 27-month lockout from date of origination with U.S. Treasury defeasance for the following 89 months and open thereafter until loan maturity. Cut-off Date Loan per SF: $68.94 Up-front Reserves: RE Tax: $547,952 Insurance: $95,725 Replacement: $140,000 (1) Leasing: (2) $325,000 Ongoing Reserves: RE Tax: $68,494/month Insurance: $7,977/month Lockbox: Springing (3) Property Information Single Asset/Portfolio: Single Asset Property Type: Retail Property Sub-type: Anchored Location: Fort Worth, TX Year Built/Renovated: 1987 Occupancy: (4) 92.7% Square Footage: 352,300 The Collateral: A grocery-anchored community shopping center with five single-story buildings, two restaurant pads and two out parcels Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- Tom Thumb 15.8% $8.00 11/30/2013 Academy Sport 12.8% $4.00 3/31/2008 Loews Ft. Worth 10.5% $2.02 12/31/2027 Property Management: Freehold Management, Inc. U/W Net Cash Flow: $2,636,330 Appraised Value: $32,000,000 Cut-Off Date LTV: 75.9% Maturity Date/ARD LTV: 66.3% U/W DSCR: 1.37x (1) An initial deposit in the amount of $140,000 was collected at closing for the future repair or replacement of items identified in the engineering report. If the reserve balance falls below $140,000, the borrower is required to escrow $5,833/month until the balance reaches $140,000. (2) An initial deposit in the amount of $325,000 was taken at closing to cover any future tenant improvements and leasing costs. If the reserve balance falls below $325,000, the borrower is required to escrow $16,300/month until the reserves balance reaches $325,000. On the payment date that is 16 months prior to the ARD, (i) if Tom Thumb's lease is not renewed, or replaced with a new lease, in each case, for a term that extends at least five years beyond the ARD, and (ii) the balance of the reserve is not at least $500,000, a cash sweep will occur with all excess cash flow deposited into the leasing reserve until the balance reaches $500,000. In addition, if (i) Tom Thumb ceases to operate or terminates its lease, or (ii) on the payment date that is 12 months prior to the ARD, Tom Thumb's lease has not been renewed or replaced with a new lease, in each case, for a term extending at least five years beyond the ARD, and the reserve balance is less than $650,000, then a cash sweep will occur with all excess cash flow deposited into the leasing reserve until the balance reaches $650,000. (3) The cash management agreement provides that a lockbox will be established upon any of the following events occurring: (i) an event of default under the loan documents, (ii) on the payment date that is 16 months prior to the ARD, if Tom Thumb's lease is not renewed or replaced with a lease that extends at least five years beyond the ARD and the balance of the leasing reserve is less than $500,000, (iii) Tom Thumb ceases to operate or terminates its lease, or (iv) on the payment date that is at least 12 months prior to the ARD, Tom Thumb's lease has not been renewed or replaced with a lease that extends at least five years beyond the ARD, and the leasing reserve balance is less than $650,000. (4) Occupancy is based on the rent roll dated 6/01/2002. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 22 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 The Cityview Centre Loan The Loan. The seventh largest loan is evidenced by a promissory note and is secured by a deed of trust on the Cityview Centre located in Fort Worth, Texas. The Borrower. The borrower is RPI Bryant Irvin, Ltd., a Texas limited partnership. The borrower owns no material assets other than the property and related interests. The borrower is controlled by Jeffrey L. Olyan. Mr. Olyan has in excess of 15 years experience owning, managing and financing commercial and industrial real estate in the U.S. and Canada. Mr. Olyan is the president of Retail Plazas, Inc., a full service leasing and acquisition firm specializing in acquiring, managing and leasing retail properties in the U.S. The Property. Cityview Centre is a grocery-anchored retail center located in Fort Worth, Texas. Population within a five-mile radius is over 219,000 with an estimated 2001 average household income of $61,000. The subject property is situated on Bryant Irvine Road, which has an average traffic count in excess of 48,000 vehicles per day. The property consists of five single-story buildings connected to one another by breezeways, two restaurant pad buildings and two out parcels for which the land has been leased to the tenants. The first out parcel is occupied by a Loews Cinema (8 screens) and the second out parcel is under construction with the expectation that it will be completed and fully operational by the fall of 2002, as a Tom Thumb self-serve gas station. Tom Thumb is reportedly spending approximately $700,000 to improve the site. The improvements on these out parcels are not part of the collateral for the loan. Other tenants include Academy Sports (45,000 SF), Sylvan Learning (2,658 SF) and GMAC Mortgage (1,970 SF). Cityview Centre is currently 93% occupied by 55 tenants. As a percentage of gross potential rent, approximately 54% of the tenants (25 of 55) have regional or national operations. Twenty-one tenants, representing 46% of gross potential rent, have been at the subject property for five years or more. Significant Tenants: Tom Thumb leases 55,800 SF (15.8% of the total NRA) under a lease for $8.00 PSF NNN expiring in 2013. Tom Thumb is owned by Safeway., a large North American food and drug chain which is rated Baa2 by Moody's and BBB by S&P. The company operates approximately 1,733 stores under the Safeway, Von's, Dominick's, Randall's and Tom Thumb names. Academy Sports occupies 45,000 SF (12.8% of the total NRA) under a lease for $4.00 PSF NNN expiring in March 2008. Academy Sports operates over 60 stores in seven states. Loews Ft. Worth occupies 37,045 SF (10.52% of the NRA) under a ground lease for $2.02 PSF NNN expiring in December 2027. This center has 8 screens and reported $129,519 per screen in revenue for 2001, excluding concessions. Property Management. The property is managed by Freehold Management, Inc., an affiliate of the borrower. Freehold Management, Inc. manages all of Mr. Olyan's Texas properties, which include 11 retail centers totaling approximately 1.8 million SF. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 23 Mortgage Loan No. 8 -- SLO Promenade Loan Information Originator: BSCMI Original Balance: $21,000,000 Cut-off Date Balance: $20,968,496 First Payment Date: 9/01/2002 Interest Rate: 6.855% Amortization: 360 ARD: NAP Hyperamortization: NAP Maturity Date: 8/01/2007 Expected Maturity Balance: $19,878,266 Sponsor(s): Richard Green Interest Calculation: Actual/360 Call Protection: 47-month lockout from date of origination with U.S. Treasury defeasance for the 12 months following and open thereafter until loan maturity. Cut-off Date Loan per SF: $120.96 Up-front Reserves: RE Tax: $129,385 Insurance: $6,417 Ongoing Reserves: RE Tax: $25,877/month Insurance: $6,416/month Lockbox: In Place, Soft Property Information Single Asset/Portfolio: Single Asset Property Type: Retail Property Sub-type: Anchored Retail Location: San Luis Obispo, CA Year Built/Renovated: 1987/2000 Occupancy:(1) 100.0% Square Footage: 173,347 The Collateral: A regional shopping center Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- Gottschalk's 17.3% $11.77 8/16/2020 Bed, Bath & Beyond 17.3% $9.50 1/31/2011 Staples 13.9% $15.00 12/31/2015 Property Management: Soboroff Partners U/W Net Cash Flow: $2,270,652 Appraised Value: $28,400,000 Cut-off Date LTV: 73.8% Maturity Date LTV: 70.0% U/W DSCR: 1.37x (1) Occupancy is based on the rent roll dated 6/18/2002. The SLO Promenade Loan The Loan. The eighth largest loan is evidenced by a promissory note and is secured by a first priority mortgage on the SLO Promenade located in San Luis Obispo, California. The Borrowers. The borrowers are four separate single purpose entities. The borrowers own no material assets other than the property and related interests. The borrowers are each 45% controlled by Investec Corporation, a real estate investment and management company founded in 1983. Investec currently owns 17 retail shopping centers located throughout the central coast of California, totaling approximately 2,357,895 SF of retail space. The Property. SLO Promenade is a class A, 251,350 SF regional shopping center located in the San Luis Obispo market. The collateral for the loan consists of 173,347 SF of NRA situated on 16.2 acres in five in-line retail buildings, five retail pads, and 2 restaurant pads. In addition, the shopping center includes a 78,000 SF Gottschalk's This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 24 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 and a 196 room Embassy Suites Hotel that are not part of the collateral. The property underwent a comprehensive renovation and 100,000 SF expansion in 2000. The property is located at the Madonna Road interchange off of Interstate 101, which enjoys a traffic count of approximately 71,000 cars per day. San Luis Obispo is a coastal community situated midway between Los Angeles and San Francisco. The San Luis Obispo retail market is currently operating at greater than 95% occupancy with an average rent of between $17 to $25 PSF. San Luis Obispo is undergoing a period of residential growth, with approximately 2,500 homes in the planning stages within a 1-mile radius of the center. The center is fully occupied by national and regional tenants including Gottschalk's, Bed Bath & Beyond, Staples, Cost Plus, Payless, and Applebee's. Approximately 25% of the property's income is derived from investment grade tenants, and over 80% of the total space expires in 2010 or beyond. Significant Tenants: The property is currently 100% occupied by 23 tenants. Gottschalk's Inc. occupies 30,000 SF (17.3% of the total NRA) under a lease for $11.77 PSF expiring in 2020. Gottschalk's is a regional department and specialty store chain that currently operates 73 full line Gottschalk's department stores located in six western states and 13 specialty apparel stores. The company had revenues of $723 million in fiscal year 2001. Bed Bath & Beyond Inc. (rated BBB- by S&P) occupies 30,000 SF (17.3% of the total NRA) under a lease for $9.50 PSF expiring in 2011. Bed Bath & Beyond is a nationwide operator of superstores selling domestics merchandise and home furnishings. The company currently has over 425 stores and reported revenues of approximately $2.4 billion in fiscal year 2001. Staples, Inc. (rated BBB- by S&P and Baa2 by Moody's) occupies 24,063 SF (13.9% of the total NRA) under a lease for $15.00 PSF expiring in 2015. Staples, Inc. is one of the nation's largest retailers of home office and workplace supplies and operates over 1,400 stores worldwide with over 29,000 employees. The company reported sales of approximately $10.7 billion in fiscal year ending January 31, 2002. Property Management. The property is managed by Soboroff Partners, an affiliate of the borrower. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Release of Parcels. None permitted. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 25 Mortgage Loan No. 9 -- CNL Retail Portfolio Loan Information Originator: BSCMI Original Balance: $21,000,000 Cut-off Date Balance: $20,955,145 First Payment Date: 8/01/2002 Interest Rate: 6.900% Amortization: 360 ARD: NAP Hyperamortization: NAP Maturity Date: 7/01/2012 Expected Maturity Balance: 18,304,318 Sponsor(s): Commercial Net Lease Realty, Inc. Interest Calculation: Actual/360 Call Protection: 47-month lockout from date of origination with U.S. Treasury defeasance for the 72 months following and open thereafter until loan maturity. Cut-off Date Loan per SF: $99.71 Up-front Reserves: NAP Ongoing Reserves: RE Tax: Springing Insurance: Springing Replacement: Springing TI/LC: Springing Lockbox: Hard Property Information Shadow Rating: BBB/NR Single Asset/Portfolio: Portfolio Property Type: Retail Property Sub-type: Anchored Location: Various locations in Florida & Virginia Year Built/Renovated: 1995 & 1997/NAP Occupancy:(1) 100% Square Footage: 210,155 The Collateral: Five free standing retail stores Ownership Interest: Fee Major Tenants NRSF Rent PSF Lease Expiration - ------------- ---- -------- ----------- Kash N' Karry 27.9% $8.50 10/31/2016 Best Buy 22.1% $14.98 9/21/2017 Bed Bath & Beyond 19.0% $11.00 1/31/2013 Barnes & Noble 16.7% $22.83 2/01/2014 Borders Books 14.3% $23.91 11/30/2015 Property Management: Commercial Net Lease Realty, Inc. U/W Net Cash Flow: $2,784,665 Appraised Value: $33,350,000 Cut-off Date LTV: 62.8% Maturity Date LTV: 54.9% U/W DSCR: 1.68x (1) Occupancy is based on the rent roll dated 5/01/2002. The CNL Retail Portfolio Loan The Loan. The ninth largest loan is evidenced by a promissory note and is secured by a first priority mortgage on five stand-alone retail stores located in Plantation, Florida, Brandon, Florida, Fort Lauderdale, Florida, Glen Allen, Virginia, and St. Petersburg, Florida. The Borrower. The borrower is Net Lease Realty VI, LLC, a Delaware limited liability company. The borrower owns no material assets other than the property and related interests. The borrower is 100% owned by Commercial Net Lease Realty, Inc., (NYSE: NNN), a publicly traded REIT that currently owns 354 properties in 39 states leased to 106 major retail tenants in 35 different lines of trade. As of September 6, 2002, Commercial Net Lease Realty, Inc. had a market capitalization of approximately $640 million and is rated Baa3 from Moody's and BBB- from S&P. The Properties. The portfolio consists of five properties located in the suburbs of Fort Lauderdale, FL, Tampa, FL and Richmond, VA, each occupied by a national tenant on a , triple-net lease expiring after the loan term. Each property is visible from major traffic junctures with prominent signage and corner locations. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 26 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 The Barnes & Noble in Plantation Florida consists of a 35,000 SF store built in 1995 across from the Broward Mall, a 998,625 SF super regional mall anchored by Dillard's, J.C. Penney, Burdine's, and Sears. The Kash `N' Karry in Brandon Florida is a 58,635 SF supermarket located in a growing suburb of Tampa. The Bed Bath & Beyond in Glen Allen, VA is a 40,000 SF store located on Gaskins Road and I-64, two major thoroughfares in the Richmond, VA area. The Best Buy in St. Petersburg, FL is a 46,520 SF store located across from Tyrone Square Mall, a 1.2 million SF super regional mall anchored by Burdines, JC Penney, Dillard's, Sears, and an AMC multiplex. Finally, the Borders Books in Ft. Lauderdale, FL is a 30,000 SF store adjacent to the Galleria Mall, an upscale, 1 million SF regional mall anchored by Burdines, Neiman Marcus, Dillard's, Saks Fifth Avenue, and Lord & Taylor. Significant Tenants: All five of the properties are currently 100% occupied. Borders Books occupies 30,000 SF under a lease for $24.37 PSF expiring in 2015, with four five-year extension options. Borders is a subsidiary of Borders Group (NYSE: BGP) which also owns Waldenbooks. As of year-end 2001, the company operated 363 Borders superstores across the United States and 827 mall based Waldenbooks stores. Best Buy (rated BBB- by S&P and Baa3 by Moody's) occupies 46,520 SF under a lease for $14.98 PSF expiring in 2017, with three five-year extension options. Best Buy is a specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The company operates nearly 2,000 retail stores under various names including Best Buy, Sam Goody, Magnolia Hi Fi, On Cue, and Suncoast. Barnes & Noble (NYSE: BKS) occupies 35,000 SF under a lease for $22.83 PSF expiring in 2014, with four five-year extensions. Barnes & Noble operates a total of 896 bookstores under the names of Barnes & Noble Booksellers, B. Dalton Bookseller, Scribner's Bookstores and Doubleday Book Shops. The company reported sales of $4.87 billion in 2001, an increase of 11.3% over 2000 sales. Kash N' Karry Inc. occupies 58,635 SF on a lease for $8.50 PSF expiring in 2016 with four five-year extension options. Kash & Karry is a wholly owned subsidiary of Delhaize America (rated BBB- from S&P and Baa3 by Moody's). Delhaize America manages the US operations of the Delhaize Group, a food retailer headquartered in Belgium that operates in 10 countries and on three continents. Delhaize America operates 1,459 stores under the Kash N' Karry, Food Lion, and Shop n' Save names. The Kash N' Karry in Brandon, FL reported 2001 sales of $210 PSF. Bed Bath & Beyond Inc. occupies 40,000 SF on a lease for $11.00 PSF expiring in 2013 with three five-year options. Bed Bath & Beyond is a nationwide operator of superstores selling domestics merchandise and home furnishings. The company currently has 396 stores and reported revenues of approximately $2.9 billion in fiscal year 2001. The Bed Bath & Beyond in Glenn Allen, VA reported sales of $141 PSF in 2001. Property Management The property is managed by Commercial Net Lease Realty, Inc. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Property Substitution. Three of the tenants, Kash N' Karry, Barnes & Noble, and Best Buy, have the right in their respective leases to substitute the property with alternate properties improved with similar franchise type stores operated by the tenant. If such a substitution right is exercised by any one of these tenants, and provided no event of default then exists, the loan documents permit the Borrower to have the property securing the loan released and to substitute as collateral the alternate property being substituted. Release of Parcels. Each of the properties can be released by defeasance in an amount equal to 110% of the allocated loan amount for the Kash N' Karry property and 125% of the allocated loan amount for all other properties. In addition, the Kash N' Karry has a right to purchase the property. If this occurs prior to expiration of the lockout period, the borrower must pay a yield maintenance penalty in addition to 110% of the allocated loan amount. After the lockout period, the borrower must defease the Kash N' Karry property at 110% of the allocated loan amount. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 27 Mortgage Loan No. 10 -- Valencia Corporate Plaza Loan Information Originator: BSCMI Original Balance: $17,500,000 Cut-off Date Balance: $17,500,000 First Payment Date: 11/01/2002 Interest Rate: 6.520% Amortization: 360 ARD: NAP Hyperamortization: NAP Maturity Date: 10/01/2012 Expected Maturity Balance: $15,094,878 Sponsor(s): Ernest Rady Interest Calculation: Actual/360 Call Protection: 47-month lockout from date of origination with U.S. Treasury defeasance for the 72 months following and open thereafter until loan maturity. Cut-off Date Loan per SF: $121.30 Up-front Reserves: RE Tax: $164,854 Replacement: $14,427 TI/LC: $4,167 Ongoing Reserves: RE Tax: $23,551/month TI/LC: $4,167/month Lockbox: NAP Property Information Single Asset/Portfolio: Single Asset Property Type: Office Property Sub-type: Suburban Location: Santa Clarita, CA Year Built/Renovated: 1999/2001-2002 Occupancy:(1) 100.0% Square Footage: 144,272 The Collateral: Two class A suburban office buildings Ownership Interest: Fee Major Tenants % NRSF Rent PSF Lease Expiration - ------------- ------ -------- ----------- Explorer Insurance 54.8% $19.10 6/30/2009 LA County DCFS 24.1% $21.96 5/31/2012 Property Management: American Assets, Inc. U/W Net Cash Flow: $1,871,153 Appraised Value: $23,650,000 Cut-off Date LTV: 74.0% Maturity Date LTV: 63.8% U/W DSCR: 1.41x (1) Occupancy is based on the rent roll dated 6/01/2002. The Valencia Corporate Plaza The Loan. The tenth largest loan is evidenced by a promissory note and is secured by a first priority mortgage on the Valencia Corporate Plaza located in Santa Clarita, California. The Borrower. The borrower is ICW Valencia, LLC, a California limited liability company. The borrower owns no material assets other than the property and related interests. The borrower is controlled by the Ernest Rady Trust, with Ernest Rady as the trustee. Ernest Rady founded American Assets, Inc. in 1967 and serves as the company's chairman of the board. American Assets, Inc. is the parent company for a diverse group of entities operating in insurance, banking, and real estate. The group's real estate arm owns in approximately 2.5 million square feet of property. The Property. Valencia Corporate Plaza is comprised of two, three-story, class A office buildings totaling 144,272 SF. The buildings were constructed in 1999 and 2001 and feature glass and stone tile exteriors and landscaped grounds. Amenities include an employee cafeteria and a fitness center with a locker room and shower This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 28 $815,238,000 (Approximate) Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 facilities. The property is located in Santa Clarita, California, approximately 35 miles northwest of downtown Los Angeles adjacent to the Golden State Freeway/Interstate 5. The property enjoys access and visibility for motorists traveling in both directions along Interstate 5. Both buildings are 100% occupied, with 79.2% of the gross potential rents attributable to credit tenants. Leases for 86.26% of the square footage expires in 2008 or beyond. Significant Tenants: The property is currently 100.0% occupied by 11 tenants. Explorer Insurance occupies 79,127 SF (54.9% of the total NRA) on a fully triple net lease for $19.10 PSF expiring in 2009 with two ten-year extension options. Explorer Insurance, primarily an auto insurance carrier, is controlled by Insurance Company of the West, a subsidiary of American Assets, Inc. Insurance Company of the West is a multi-line property and casualty insurance group with approximately $250 million in annual premiums. Insurance Company of the West maintains an A- insurance rating from A.M. Best. Los Angeles County Department of Children and Family Services ("DCFS") occupies 34,790 SF (24.1% of the total NRA) under a lease for $21.96 PSF expiring in 2012. The lease can be terminated after May 2007 upon six months notice by the tenant. DCFS is funded by Los Angeles County, which is rated Aa3 by Moody's. DCFS is in charge of establishing, managing and advocating a system of services for children in partnership with parents, relatives, foster parents and community organizations. Property Management The property is managed by American Assets, Inc., an affiliate of the borrower. Mezzanine or Subordinate Indebtedness. Not allowed. Additional Indebtedness. Not allowed. Release of Parcels. None permitted. This information has been prepared solely for information purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information, or that any future offer of securities will conform to the terms hereof. If any such offer of securities is made, it will be made pursuant to a definitive Prospectus and Prospectus Supplement, prepared by the Depositor, which will contain material information not contained herein and to which prospective purchasers are referred. In the event of any such offering, this information shall be deemed superseded in its entirety by such Prospectus and Prospectus Supplement. Any decision to invest in such securities should be made only after reviewing such Prospectus and Prospectus Supplement. Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") disclaim any and all liability relating to this information, including without limitation, any express or implied representations or warranties for, statements contained in, and omissions from, this information. This information should only be considered after reading the Statement Regarding Assumptions as to Securities, Pricing Estimates, and Other Information (the "Statement") which is attached. Do not use or rely on this information if you have not received the Statement. You may obtain a copy of the Statement from your sales representative. 29 STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The information contained in the attached materials (the "Information") may include various forms of performance analysis, security characteristics and securities pricing estimates for the securities addressed. Please read and understand this entire statement before utilizing the Information. The Information is provided solely by Bear, Stearns & Co. Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Brokerage Services, LLC (the "Underwriters") not as agent for any issuer, and although it may be based on data supplied to it by an issuer, the issuer has not participated in its preparation and makes no representations regarding its accuracy or completeness. Should you receive Information that refers to the "Statement Regarding Assumptions and Other Information", please refer to this statement instead. The Information is illustrative and is not intended to predict actual results which may differ substantially from those reflected in the Information. Performance analysis is based on certain assumptions with respect to significant factors that may prove not to be as assumed. You should understand the assumptions and evaluate whether they are appropriate for your purposes. Performance results are based on mathematical models that use inputs to calculate results. As with all models, results may vary significantly depending upon the value of the inputs given. Inputs to these models include but are not limited to: prepayment expectations (econometric prepayment models, single expected lifetime prepayments or a vector of periodic prepayments), interest rate assumptions (parallel and nonparallel changes for different maturity instruments), collateral assumptions (actual pool level data, aggregated pool level data, reported factors or imputed factors), volatility assumptions (historically observed or implied current) and reported information (paydown factors, rate resets and trustee statements). Models used in any analysis may be proprietary making the results difficult for any third party to reproduce. Contact your registered representative for detailed explanations of any modeling techniques employed in the Information. The Information addresses only certain aspects of the applicable security's characteristics and thus does not provide a complete assessment. As such, the Information may not reflect the impact of all structural characteristics of the security, including call events and cash flow priorities at all prepayment speeds and/or interest rates. You should consider whether the behavior of these securities should be tested at assumptions different from those included in the Information. The assumptions underlying the Information, including structure and collateral, may be modified from time to time to reflect changed circumstances. Any investment decision should be based only on the data in the prospectus and prospectus supplement ("Offering Documents") and the then current version of the Information. The Offering Documents contain data that is current as of their publication date and after publication may no longer be complete or current. Contact your registered representative for the Offering Documents, current Information or additional materials, including other models for performance analysis, which are likely to produce different results, and any further explanation regarding the information. Any pricing estimates an Underwriter has supplied at your request (a) represent its view, at the time determined, of the investment value of the securities between the estimated bid and offer levels, the spread between which may be significant due to market volatility or illiquidity, (b) do not constitute a bid by any person for any security, (c) may not constitute prices at which the securities could have been purchased or sold in any market, (d) have not been confirmed by actual trades, may vary from the value such Underwriter assigns any such security while in its inventory, and may not take into account the size of a position you have in the security, and (e) may have been derived from matrix pricing that uses data relating to other securities whose prices are more readily ascertainable to produce a hypothetical price based on the estimated yield spread relationship between the securities. General Information: The data underlying the Information has been obtained from sources that the Underwriters believe are reliable, but the Underwriters do not guarantee the accuracy of the underlying data or computations based thereon. The Underwriters and/or individuals thereof may have positions in these securities while the Information is circulating or during such period may engage in transactions with the issuer or its affiliates. Each Underwriter acts as principal in transactions with you, and accordingly, you must determine the appropriateness for you of such transactions and address any legal, tax or accounting considerations applicable to you. An Underwriter shall not be a fiduciary or advisor unless it has agreed in writing to receive compensation specifically to act in such capacities. If you are subject to ERISA, the Information is being furnished on the condition that it will not form a primary basis for any investment decision. The Information is not a solicitation of any transaction in securities which may be made only by prospectus when required by law, in which event you may obtain such prospectus from your registered representative. DISCLAIMER Prospective investors are advised to read carefully, and should rely solely on, the Prospectus Supplement dated September __, 2002 and accompanying Prospectus dated September 12, 2002 (together, the "Prospectus") relating to the Certificates referred to below in making their investment decision. This diskette accompanies and is a part of the Prospectus Supplement relating to the Commercial Mortgage Pass - Through Certificates Series 2002-PBW1 (the "Certificates"). The information set forth on this diskette is an electronic copy of the information set forth in Appendix B "Certain Characteristics of the Mortgage Loans" in the Prospectus. This diskette should be reviewed only in conjunction with the entire Prospectus. This diskette does not contain all relevant information relating to the Certificates. Such information is described elsewhere in the Prospectus. Methodologies used in deriving certain information contained on this diskette are more fully described elsewhere in the Prospectus. The information on this diskette should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, a prospective investor must receive and should carefully review the Prospectus. NOTHING IN THIS DISKETTE SHOULD BE CONSIDERED AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY CERTIFICATES.
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC., SERIES 2002-PBW1 APPENDIX B - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES - ----------------------------------------------------------------------------------- % of Mortgage Initial Pool # of Loan ID Property Name Balance Properties Seller -- ------------- ------- ---------- ------ 1 Belz Outlet Center 6.92% 1 BSCMI 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 4.45% 7 PMCF 2a RREEF Textron Portfolio 10 year 2.78% 7 PMCF 2a1 I-290 Industrial Park 0.52% PMCF 2a2 Marley Run Apartments 0.49% PMCF 2a3 Bear Creek Village Shopping Center 0.43% PMCF 2a4 Demonet Building 0.42% PMCF 2a5 Dallas Industrial Portfolio 0.37% PMCF 2a6 Pointe at Crystal Lake 0.34% PMCF 2a7 Lakeridge at the Moors 0.22% PMCF 2b RREEF Textron Portfolio 7 year 1.67% 7 PMCF 2b1 I-290 Industrial Park 0.31% PMCF 2b2 Marley Run Apartments 0.29% PMCF 2b3 Bear Creek Village Shopping Center 0.26% PMCF 2b4 Demonet Building 0.25% PMCF 2b5 Dallas Industrial Portfolio 0.22% PMCF 2b6 Pointe at Crystal Lake 0.20% PMCF 2b7 Lakeridge at the Moors 0.13% PMCF 3 50 Danbury Road 4.13% 1 PMCF 4 Cranston Parkade 2.75% 1 BSCMI 5 Fifth Third Center 2.71% 1 PMCF 6 Mountain Square Shopping Center 2.65% 1 PMCF 7 Cityview Centre 2.64% 1 PMCF 8 SLO Promenade 2.28% 1 BSCMI 9 CNL Retail Portfolio 2.27% 5 BSCMI 9a CNL Retail Portfolio - Barnes & Noble 0.55% BSCMI 9b CNL Retail Portfolio - Borders Books 0.53% BSCMI 9c CNL Retail Portfolio - Best Buy 0.51% BSCMI 9d CNL Retail Portfolio - Kash 'N Karry 0.36% BSCMI 9e CNL Retail Portfolio - Bed Bath & Beyond 0.32% BSCMI 10 Valencia Corporate Plaza 1.90% 1 BSCMI 11 The Mansions at Delmar Village 1.84% 1 PMCF 12 1111 North Capitol Street Building 1.59% 1 PMCF 13 3220 Tillman Drive 1.56% 1 BSCMI 14 Great Southern Shopping Center 1.49% 1 PMCF 15 Celebration X 1.48% 1 BSCMI 16 North Decatur Square Shopping Center 1.47% 1 PMCF 17 The Glen at Lafayette Hill 1.46% 1 PMCF 18 United Plaza XII 1.44% 1 PMCF 19 Raintree Apartments 1.41% 1 BSCMI 20 11-15 Read's Way 1.37% 1 BSCMI 21 Highland Run East Apartments 1.32% 1 PMCF 22 Fire Mountain Shopping Center 1.28% 1 PMCF 23 Park Del Amo 1.28% 1 PMCF 24 Parque View Apartments 1.19% 1 PMCF 25 Los Vallecitos Business Center 1.14% 1 WFB 26 South Parc at Bethany Apartments 1.14% 1 PMCF 27 Levittown Mews Shopping Center 1.06% 1 BSCMI 28 Racal Instruments Headquarters 1.03% 1 BSCMI 29 Mountain Marketplace 0.94% 1 BSCMI 30 Lott Portfolio 0.94% 6 PMCF 30a Ark Self Storage - Smyrna 0.22% PMCF 30b Ark Self Storage - Marietta 0.21% PMCF 30c Ark Self Storage - Savannah 0.20% PMCF 30d Ark Self Storage - Norcross 0.14% PMCF 30e Ark Self Storage - Macon 0.11% PMCF 30f Ark Self Storage - Douglas 0.06% PMCF 31 Simi Valley Retail and Office Center 0.91% 2 PMCF 31a Smart & Final Retail Center 0.76% PMCF 31b Simi Valley Office Center 0.15% PMCF 32 Shoppes at Beacon Light 0.91% 1 PMCF 33 Constitution Place 0.89% 1 PMCF 34 Wildwood Ridge Apartments 0.88% 1 PMCF 35 Westlake Village Business Park 0.87% 1 PMCF 36 Clermont Towne Center 0.84% 1 PMCF 37 Webster and Wayne Shopping Center 0.81% 1 BSCMI 38 Cherry Valley Plaza 0.79% 1 BSCMI 39 Washington Square Medical Office Building 0.78% 1 PMCF 40 Randolph Plaza 0.77% 1 PMCF 41 Broadmoor Apartments of St. Joseph 0.76% 1 PMCF 42 Boulders VI Office Building 0.75% 1 PMCF 43 Kierland Fairways Office Plaza 0.73% 1 PMCF 44 Eastgate Square - Phase VI 0.71% 1 BSFI 45 Tall Oaks Shopping Center 0.69% 1 PMCF 46 Boulders VII Office Building 0.69% 1 PMCF 47 Tanglewood Apartments 0.68% 1 PMCF 48 Greene Countrie Court 0.66% 1 BSCMI 49 Belle Station 0.66% 1 BSCMI 50 Farmer Jack Supermarket 0.64% 1 PMCF 51 Village Shops Plaza 0.62% 1 PMCF Cut-Off General Original Date Property ID Property Name Balance Balance Type -- ------------- ------- ------- ---- 1 Belz Outlet Center 64,000,000 63,789,153 Retail 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 41,000,000 41,000,000 Various 2a RREEF Textron Portfolio 10 year 25,625,000 25,625,000 Various 2a1 I-290 Industrial Park 4,772,656 4,772,656 Industrial 2a2 Marley Run Apartments 4,500,391 4,500,391 Multifamily 2a3 Bear Creek Village Shopping Center 3,971,875 3,971,875 Retail 2a4 Demonet Building 3,843,750 3,843,750 Office 2a5 Dallas Industrial Portfolio 3,395,313 3,395,313 Industrial 2a6 Pointe at Crystal Lake 3,139,063 3,139,063 Multifamily 2a7 Lakeridge at the Moors 2,001,953 2,001,953 Multifamily 2b RREEF Textron Portfolio 7 year 15,375,000 15,375,000 Various 2b1 I-290 Industrial Park 2,863,594 2,863,594 Industrial 2b2 Marley Run Apartments 2,700,234 2,700,234 Multifamily 2b3 Bear Creek Village Shopping Center 2,383,125 2,383,125 Retail 2b4 Demonet Building 2,306,250 2,306,250 Office 2b5 Dallas Industrial Portfolio 2,037,188 2,037,188 Industrial 2b6 Pointe at Crystal Lake 1,883,438 1,883,438 Multifamily 2b7 Lakeridge at the Moors 1,201,172 1,201,172 Multifamily 3 50 Danbury Road 38,000,000 38,000,000 Office 4 Cranston Parkade 25,350,000 25,311,005 Retail 5 Fifth Third Center 25,000,000 24,977,001 Office 6 Mountain Square Shopping Center 24,625,000 24,444,197 Retail 7 Cityview Centre 24,325,000 24,288,988 Retail 8 SLO Promenade 21,000,000 20,968,496 Retail 9 CNL Retail Portfolio 21,000,000 20,955,145 Retail 9a CNL Retail Portfolio - Barnes & Noble 5,122,713 5,111,771 Retail 9b CNL Retail Portfolio - Borders Books 4,935,297 4,924,756 Retail 9c CNL Retail Portfolio - Best Buy 4,685,408 4,675,400 Retail 9d CNL Retail Portfolio - Kash 'N Karry 3,320,393 3,313,301 Retail 9e CNL Retail Portfolio - Bed Bath & Beyond 2,936,189 2,929,918 Retail 10 Valencia Corporate Plaza 17,500,000 17,500,000 Office 11 The Mansions at Delmar Village 17,000,000 16,964,156 Multifamily 12 1111 North Capitol Street Building 14,650,000 14,637,461 Industrial 13 3220 Tillman Drive 14,400,000 14,350,394 Office 14 Great Southern Shopping Center 13,830,000 13,741,252 Retail 15 Celebration X 13,600,000 13,600,000 Office 16 North Decatur Square Shopping Center 13,600,000 13,570,951 Retail 17 The Glen at Lafayette Hill 13,700,000 13,443,281 Multifamily 18 United Plaza XII 13,300,000 13,242,674 Office 19 Raintree Apartments 13,025,000 13,006,587 Multifamily 20 11-15 Read's Way 12,600,000 12,579,754 Office 21 Highland Run East Apartments 12,200,000 12,188,907 Multifamily 22 Fire Mountain Shopping Center 11,850,000 11,769,851 Retail 23 Park Del Amo 12,250,000 11,747,107 Office 24 Parque View Apartments 11,000,000 10,982,304 Multifamily 25 Los Vallecitos Business Center 10,500,000 10,490,781 Industrial 26 South Parc at Bethany Apartments 10,500,000 10,469,533 Multifamily 27 Levittown Mews Shopping Center 9,800,000 9,800,000 Retail 28 Racal Instruments Headquarters 9,500,000 9,491,675 Industrial 29 Mountain Marketplace 8,700,000 8,687,701 Retail 30 Lott Portfolio 8,750,000 8,639,816 Various 30a Ark Self Storage - Smyrna 2,035,020 2,009,394 Self Storage 30b Ark Self Storage - Marietta 1,947,051 1,922,533 Self Storage 30c Ark Self Storage - Savannah 1,870,811 1,847,253 Self Storage 30d Ark Self Storage - Norcross 1,301,944 1,285,549 Self Storage 30e Ark Self Storage - Macon 1,043,901 1,030,755 Self Storage 30f Ark Self Storage - Douglas 551,273 544,332 Self Storage 31 Simi Valley Retail and Office Center 8,400,000 8,393,142 Various 31a Smart & Final Retail Center 7,045,161 7,039,409 Retail 31b Simi Valley Office Center 1,354,839 1,353,733 Office 32 Shoppes at Beacon Light 8,500,000 8,340,804 Retail 33 Constitution Place 8,700,000 8,235,182 Office 34 Wildwood Ridge Apartments 8,150,000 8,142,560 Multifamily 35 Westlake Village Business Park 8,000,000 7,984,036 Industrial 36 Clermont Towne Center 7,775,000 7,767,764 Retail 37 Webster and Wayne Shopping Center 7,500,000 7,500,000 Retail 38 Cherry Valley Plaza 7,300,000 7,285,479 Retail 39 Washington Square Medical Office Building 7,200,000 7,167,535 Office 40 Randolph Plaza 7,100,000 7,047,870 Retail 41 Broadmoor Apartments of St. Joseph 7,000,000 6,957,437 Multifamily 42 Boulders VI Office Building 6,950,000 6,930,462 Office 43 Kierland Fairways Office Plaza 6,700,000 6,686,237 Office 44 Eastgate Square - Phase VI 6,600,000 6,565,093 Retail 45 Tall Oaks Shopping Center 6,400,000 6,380,536 Retail 46 Boulders VII Office Building 6,350,000 6,332,149 Office 47 Tanglewood Apartments 6,300,000 6,278,351 Multifamily 48 Greene Countrie Court 6,100,000 6,090,728 Multifamily 49 Belle Station 6,050,000 6,040,957 Retail 50 Farmer Jack Supermarket 6,000,000 5,935,873 Retail 51 Village Shops Plaza 5,800,000 5,740,261 Retail Detailed Property Interes Administrative ID Property Name Type Rate Fee Rate -- ------------- ---- ---- -------- 1 Belz Outlet Center Outlet Center 7.0600% 0.03330% 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various 0.05330% 2a RREEF Textron Portfolio 10 year Various 6.3700% 0.05330% 2a1 I-290 Industrial Park Warehouse 2a2 Marley Run Apartments Multifamily 2a3 Bear Creek Village Shopping Center Anchored 2a4 Demonet Building CBD 2a5 Dallas Industrial Portfolio Warehouse 2a6 Pointe at Crystal Lake Multifamily 2a7 Lakeridge at the Moors Multifamily 2b RREEF Textron Portfolio 7 year Various 6.1600% 0.05330% 2b1 I-290 Industrial Park Warehouse 2b2 Marley Run Apartments Multifamily 2b3 Bear Creek Village Shopping Center Anchored 2b4 Demonet Building CBD 2b5 Dallas Industrial Portfolio Warehouse 2b6 Pointe at Crystal Lake Multifamily 2b7 Lakeridge at the Moors Multifamily 3 50 Danbury Road Suburban 6.4000% 0.05330% 4 Cranston Parkade Anchored 6.7500% 0.03330% 5 Fifth Third Center CBD 6.4100% 0.09130% 6 Mountain Square Shopping Center Anchored 6.7600% 0.05330% 7 Cityview Centre Anchored 6.9100% 0.05330% 8 SLO Promenade Anchored 6.8550% 0.07330% 9 CNL Retail Portfolio Anchored 6.9000% 0.03330% 9a CNL Retail Portfolio - Barnes & Noble Anchored 9b CNL Retail Portfolio - Borders Books Anchored 9c CNL Retail Portfolio - Best Buy Anchored 9d CNL Retail Portfolio - Kash 'N Karry Anchored 9e CNL Retail Portfolio - Bed Bath & Beyond Anchored 10 Valencia Corporate Plaza Suburban 6.5200% 0.07330% 11 The Mansions at Delmar Village Multifamily 6.9500% 0.05330% 12 1111 North Capitol Street Building Warehouse 6.7800% 0.10330% 13 3220 Tillman Drive Suburban 7.1250% 0.03330% 14 Great Southern Shopping Center Anchored 6.9200% 0.12330% 15 Celebration X Suburban 6.0300% 0.03330% 16 North Decatur Square Shopping Center Anchored 6.9000% 0.10330% 17 The Glen at Lafayette Hill Multifamily 8.2800% 0.05330% 18 United Plaza XII Suburban 7.3400% 0.10330% 19 Raintree Apartments Multifamily 7.1000% 0.03330% 20 11-15 Read's Way Suburban 6.5650% 0.05330% 21 Highland Run East Apartments Multifamily 6.4700% 0.05330% 22 Fire Mountain Shopping Center Unanchored 7.1300% 0.05330% 23 Park Del Amo Suburban 8.0400% 0.05330% 24 Parque View Apartments Multifamily 6.5600% 0.05330% 25 Los Vallecitos Business Center Flex Industrial 6.6500% 0.03330% 26 South Parc at Bethany Apartments Multifamily 7.0200% 0.10330% 27 Levittown Mews Shopping Center Anchored 6.9000% 0.03330% 28 Racal Instruments Headquarters Flex Industrial 6.6600% 0.03330% 29 Mountain Marketplace Anchored 7.1000% 0.03330% 30 Lott Portfolio Various 7.1700% 0.10330% 30a Ark Self Storage - Smyrna Self Storage 30b Ark Self Storage - Marietta Self Storage 30c Ark Self Storage - Savannah Self Storage 30d Ark Self Storage - Norcross Self Storage 30e Ark Self Storage - Macon Self Storage 30f Ark Self Storage - Douglas Self Storage 31 Simi Valley Retail and Office Center Various 7.0200% 0.05330% 31a Smart & Final Retail Center Anchored 31b Simi Valley Office Center Suburban 32 Shoppes at Beacon Light Anchored 7.2214% 0.05330% 33 Constitution Place CBD 7.0600% 0.05330% 34 Wildwood Ridge Apartments Multifamily 6.4500% 0.09330% 35 Westlake Village Business Park Flex Industrial 7.1600% 0.10330% 36 Clermont Towne Center Anchored 6.3500% 0.10330% 37 Webster and Wayne Shopping Center Anchored 5.9500% 0.03330% 38 Cherry Valley Plaza Anchored 7.1250% 0.03330% 39 Washington Square Medical Office Building Office/Medical 7.5200% 0.10330% 40 Randolph Plaza Anchored 6.7600% 0.05330% 41 Broadmoor Apartments of St. Joseph Multifamily 7.1700% 0.10330% 42 Boulders VI Office Building Suburban 7.1500% 0.05330% 43 Kierland Fairways Office Plaza Suburban 7.0500% 0.10330% 44 Eastgate Square - Phase VI Anchored 7.1486% 0.03330% 45 Tall Oaks Shopping Center Anchored 7.6000% 0.10330% 46 Boulders VII Office Building Suburban 7.1500% 0.05330% 47 Tanglewood Apartments Multifamily 6.3000% 0.05330% 48 Greene Countrie Court Multifamily 6.8000% 0.07330% 49 Belle Station Anchored 6.8700% 0.03330% 50 Farmer Jack Supermarket Anchored 7.3300% 0.10330% 51 Village Shops Plaza Shadow Anchored 7.8000% 0.10330% Interest Original Stated Remaining Accrual Term to Maturity Term to Maturity ID Property Name Basis or ARD (mos.) or ARD (mos.) -- ------------- ----- ------------- ------------- 1 Belz Outlet Center Actual/360 84 81 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 30/360 Various Various 2a RREEF Textron Portfolio 10 year 30/360 120 115 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year 30/360 84 79 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road Actual/360 120 119 4 Cranston Parkade Actual/360 60 58 5 Fifth Third Center Actual/360 120 119 6 Mountain Square Shopping Center Actual/360 120 111 7 Cityview Centre Actual/360 120 118 8 SLO Promenade Actual/360 60 58 9 CNL Retail Portfolio Actual/360 120 117 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza Actual/360 120 120 11 The Mansions at Delmar Village Actual/360 120 117 12 1111 North Capitol Street Building Actual/360 120 119 13 3220 Tillman Drive Actual/360 60 55 14 Great Southern Shopping Center Actual/360 123 115 15 Celebration X 30/360 60 57 16 North Decatur Square Shopping Center Actual/360 120 117 17 The Glen at Lafayette Hill 30/360 120 93 18 United Plaza XII Actual/360 84 80 19 Raintree Apartments Actual/360 60 58 20 11-15 Read's Way Actual/360 120 118 21 Highland Run East Apartments Actual/360 120 119 22 Fire Mountain Shopping Center Actual/360 120 111 23 Park Del Amo 30/360 120 85 24 Parque View Apartments Actual/360 120 118 25 Los Vallecitos Business Center Actual/360 120 119 26 South Parc at Bethany Apartments Actual/360 120 116 27 Levittown Mews Shopping Center Actual/360 120 120 28 Racal Instruments Headquarters Actual/360 120 119 29 Mountain Marketplace Actual/360 120 118 30 Lott Portfolio Actual/360 120 113 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center Actual/360 120 119 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light 30/360 120 105 33 Constitution Place 30/360 120 81 34 Wildwood Ridge Apartments Actual/360 120 119 35 Westlake Village Business Park Actual/360 120 117 36 Clermont Towne Center Actual/360 120 119 37 Webster and Wayne Shopping Center Actual/360 84 84 38 Cherry Valley Plaza Actual/360 120 117 39 Washington Square Medical Office Building Actual/360 120 113 40 Randolph Plaza Actual/360 120 111 41 Broadmoor Apartments of St. Joseph Actual/360 120 112 42 Boulders VI Office Building Actual/360 120 116 43 Kierland Fairways Office Plaza Actual/360 120 117 44 Eastgate Square - Phase VI Actual/360 60 52 45 Tall Oaks Shopping Center Actual/360 120 115 46 Boulders VII Office Building Actual/360 120 116 47 Tanglewood Apartments Actual/360 120 116 48 Greene Countrie Court Actual/360 60 58 49 Belle Station Actual/360 120 118 50 Farmer Jack Supermarket Actual/360 120 108 51 Village Shops Plaza Actual/360 120 110 Original Remaining First Amortization Amortization Payment ID Property Name Term (mos.) Term (mos.) Date -- ------------- ----------- ----------- ---- 1 Belz Outlet Center 300 297 8/1/2002 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 0 0 6/1/2002 2a RREEF Textron Portfolio 10 year 0 0 6/1/2002 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year 0 0 6/1/2002 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 300 300 10/1/2002 4 Cranston Parkade 360 358 9/1/2002 5 Fifth Third Center 360 359 10/1/2002 6 Mountain Square Shopping Center 360 351 2/1/2002 7 Cityview Centre 360 358 9/1/2002 8 SLO Promenade 360 358 9/1/2002 9 CNL Retail Portfolio 360 357 8/1/2002 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza 360 360 11/1/2002 11 The Mansions at Delmar Village 360 357 8/1/2002 12 1111 North Capitol Street Building 360 359 10/1/2002 13 3220 Tillman Drive 360 355 6/1/2002 14 Great Southern Shopping Center 360 352 3/1/2002 15 Celebration X 0 0 8/1/2002 16 North Decatur Square Shopping Center 360 357 8/1/2002 17 The Glen at Lafayette Hill 360 333 8/1/2000 18 United Plaza XII 300 296 7/1/2002 19 Raintree Apartments 360 358 9/1/2002 20 11-15 Read's Way 360 358 9/1/2002 21 Highland Run East Apartments 360 359 10/1/2002 22 Fire Mountain Shopping Center 360 351 2/1/2002 23 Park Del Amo 300 265 12/1/1999 24 Parque View Apartments 360 358 9/1/2002 25 Los Vallecitos Business Center 360 359 10/1/2002 26 South Parc at Bethany Apartments 360 356 7/1/2002 27 Levittown Mews Shopping Center 300 300 11/1/2002 28 Racal Instruments Headquarters 360 359 10/1/2002 29 Mountain Marketplace 360 358 9/1/2002 30 Lott Portfolio 240 233 4/1/2002 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center 360 359 10/1/2002 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light 300 285 37104 33 Constitution Place 300 261 8/1/1999 34 Wildwood Ridge Apartments 360 359 10/1/2002 35 Westlake Village Business Park 360 357 8/1/2002 36 Clermont Towne Center 360 359 10/1/2002 37 Webster and Wayne Shopping Center 0 0 11/1/2002 38 Cherry Valley Plaza 360 357 8/1/2002 39 Washington Square Medical Office Building 360 353 4/1/2002 40 Randolph Plaza 360 351 2/1/2002 41 Broadmoor Apartments of St. Joseph 360 352 3/1/2002 42 Boulders VI Office Building 360 356 7/1/2002 43 Kierland Fairways Office Plaza 360 357 8/1/2002 44 Eastgate Square - Phase VI 360 352 3/1/2002 45 Tall Oaks Shopping Center 360 355 6/1/2002 46 Boulders VII Office Building 360 356 7/1/2002 47 Tanglewood Apartments 360 356 7/1/2002 48 Greene Countrie Court 360 358 9/1/2002 49 Belle Station 360 358 9/1/2002 50 Farmer Jack Supermarket 330 318 11/1/2001 51 Village Shops Plaza 300 290 1/1/2002 Maturity Annual Monthly Date Debt Debt ID Property Name or ARD Service (2) Service (2) -- ------------- ------ ----------- ----------- 1 Belz Outlet Center 7/1/2009 5,457,495 454,791.28 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various 2,579,328 214,944.00 2a RREEF Textron Portfolio 10 year 5/1/2012 1,632,348 136,029.00 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year 5/1/2009 946,980 78,915.00 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 9/1/2012 2,432,000 202,666.67 (3) 4 Cranston Parkade 8/1/2007 1,973,035 164,419.62 5 Fifth Third Center 9/1/2012 1,878,483 156,540.21 6 Mountain Square Shopping Center 1/1/2012 1,918,572 159,881.00 7 Cityview Centre 8/1/2012 1,924,407 160,367.22 8 SLO Promenade 8/1/2007 1,652,094 137,674.53 9 CNL Retail Portfolio 7/1/2012 1,659,672 138,306.03 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza 10/1/2012 1,330,106 110,842.18 11 The Mansions at Delmar Village 7/1/2012 1,350,374 112,531.14 12 1111 North Capitol Street Building 9/1/2012 1,143,743 95,311.95 13 3220 Tillman Drive 5/1/2007 1,164,186 97,015.47 14 Great Southern Shopping Center 5/1/2012 1,095,234 91,269.48 15 Celebration X 7/1/2007 820,080 68,340.00 16 North Decatur Square Shopping Center 7/1/2012 1,074,835 89,569.62 17 The Glen at Lafayette Hill 7/1/2010 1,238,551 103,212.60 18 United Plaza XII 6/1/2009 1,162,870 96,905.84 19 Raintree Apartments 8/1/2007 1,050,386 87,532.16 20 11-15 Read's Way 8/1/2012 962,159 80,179.95 21 Highland Run East Apartments 9/1/2012 922,461 76,871.76 22 Fire Mountain Shopping Center 1/1/2012 958,508 79,875.64 23 Park Del Amo 11/1/2009 1,138,468 94,872.32 24 Parque View Apartments 8/1/2012 839,545 69,962.10 25 Los Vallecitos Business Center 9/1/2012 808,876 67,406.31 26 South Parc at Bethany Apartments 6/1/2012 839,974 69,997.85 27 Levittown Mews Shopping Center 10/1/2012 823,685 68,640.45 28 Racal Instruments Headquarters 9/1/2012 732,595 61,049.56 29 Mountain Marketplace 8/1/2012 701,601 58,466.78 30 Lott Portfolio 3/1/2012 824,813 68,734.40 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center 9/1/2012 671,979 55,998.28 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light 7/1/2011 735,893 61,324.45 (4) 33 Constitution Place 7/1/2009 741,878 61,823.19 34 Wildwood Ridge Apartments 9/1/2012 614,950 51,245.84 35 Westlake Village Business Park 7/1/2012 649,039 54,086.60 36 Clermont Towne Center 9/1/2012 580,546 48,378.83 37 Webster and Wayne Shopping Center 10/1/2009 452,448 37,703.99 38 Cherry Valley Plaza 7/1/2012 590,311 49,192.55 (5) 39 Washington Square Medical Office Building 3/1/2012 605,514 50,459.48 (6) 40 Randolph Plaza 1/1/2012 553,172 46,097.67 41 Broadmoor Apartments of St. Joseph 2/1/2012 568,477 47,373.10 42 Boulders VI Office Building 6/1/2012 563,289 46,940.77 43 Kierland Fairways Office Plaza 7/1/2012 537,606 44,800.48 44 Eastgate Square - Phase VI 2/1/2007 535,500 44,624.96 (7) 45 Tall Oaks Shopping Center 5/1/2012 542,265 45,188.78 46 Boulders VII Office Building 6/1/2012 514,660 42,888.33 47 Tanglewood Apartments 6/1/2012 467,943 38,995.29 48 Greene Countrie Court 8/1/2007 477,209 39,767.44 49 Belle Station 8/1/2012 476,688 39,723.98 50 Farmer Jack Supermarket 10/1/2011 507,876 42,322.96 51 Village Shops Plaza 12/1/2011 527,996 43,999.63 Remaining Interest Only ID Property Name Period (mos.) Lockbox Lockbox Type (9) -- ------------- ------------- ------- ---------------- 1 Belz Outlet Center Yes In Place, Hard 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various No NAP 2a RREEF Textron Portfolio 10 year 115 No NAP 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year 79 No NAP 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 23 Yes In Place, Hard (A/B) 4 Cranston Parkade Yes In Place, Hard 5 Fifth Third Center Yes In Place, Hard (A/B) 6 Mountain Square Shopping Center Yes In Place, Hard (A/B) 7 Cityview Centre Yes Springing 8 SLO Promenade Yes In Place, Soft 9 CNL Retail Portfolio Yes In Place, Hard 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza No NAP 11 The Mansions at Delmar Village No NAP 12 1111 North Capitol Street Building Yes In Place, Hard (A/B) 13 3220 Tillman Drive No NAP 14 Great Southern Shopping Center Yes Springing 15 Celebration X 57 No NAP 16 North Decatur Square Shopping Center Yes Springing 17 The Glen at Lafayette Hill No NAP 18 United Plaza XII Yes Springing 19 Raintree Apartments No NAP 20 11-15 Read's Way No NAP 21 Highland Run East Apartments No NAP 22 Fire Mountain Shopping Center Yes In Place, Hard (A/B) 23 Park Del Amo No NAP 24 Parque View Apartments No NAP 25 Los Vallecitos Business Center No NAP 26 South Parc at Bethany Apartments No NAP 27 Levittown Mews Shopping Center No NAP 28 Racal Instruments Headquarters Yes In Place, Soft 29 Mountain Marketplace No NAP 30 Lott Portfolio Yes In Place, Hard (A/B) 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center No NAP 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light No NAP 33 Constitution Place No NAP 34 Wildwood Ridge Apartments Yes Springing 35 Westlake Village Business Park No NAP 36 Clermont Towne Center No NAP 37 Webster and Wayne Shopping Center 60 No NAP 38 Cherry Valley Plaza No NAP 39 Washington Square Medical Office Building Yes Springing 40 Randolph Plaza Yes In Place, Hard (A/B) 41 Broadmoor Apartments of St. Joseph No NAP 42 Boulders VI Office Building No NAP 43 Kierland Fairways Office Plaza No NAP 44 Eastgate Square - Phase VI Yes Springing, Hard 45 Tall Oaks Shopping Center No NAP 46 Boulders VII Office Building No NAP 47 Tanglewood Apartments No NAP 48 Greene Countrie Court No NAP 49 Belle Station Yes In Place, Hard 50 Farmer Jack Supermarket Yes Springing 51 Village Shops Plaza Yes In Place, Hard (A/B) ARD Crossed Loan With ID Property Name (Y/N) Other Loans DSCR -- ------------- ----- ----------- ---- 1 Belz Outlet Center No No 1.61 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year No Yes 4.85 2a RREEF Textron Portfolio 10 year No Yes 4.79 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year No Yes 4.95 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road Yes No 1.68 4 Cranston Parkade No No 1.54 5 Fifth Third Center Yes No 1.41 6 Mountain Square Shopping Center No No 1.42 7 Cityview Centre Yes No 1.37 8 SLO Promenade No No 1.37 9 CNL Retail Portfolio No No 1.68 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza No No 1.41 11 The Mansions at Delmar Village No No 1.25 12 1111 North Capitol Street Building Yes No 1.45 13 3220 Tillman Drive No No 1.40 14 Great Southern Shopping Center Yes No 2.08 15 Celebration X No No 2.88 16 North Decatur Square Shopping Center No No 1.36 17 The Glen at Lafayette Hill No No 1.25 18 United Plaza XII Yes No 1.25 19 Raintree Apartments No No 1.37 20 11-15 Read's Way No No 1.41 21 Highland Run East Apartments No No 1.39 22 Fire Mountain Shopping Center No No 1.53 23 Park Del Amo No No 1.28 24 Parque View Apartments No No 1.45 25 Los Vallecitos Business Center No No 1.41 26 South Parc at Bethany Apartments No No 1.23 27 Levittown Mews Shopping Center No No 1.35 28 Racal Instruments Headquarters No No 1.42 29 Mountain Marketplace No No 1.32 30 Lott Portfolio No No 1.69 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center No No 1.39 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light No No 1.29 33 Constitution Place No No 1.52 34 Wildwood Ridge Apartments No No 1.51 35 Westlake Village Business Park No No 1.63 36 Clermont Towne Center No No 1.45 37 Webster and Wayne Shopping Center No No 2.23 38 Cherry Valley Plaza No No 1.50 39 Washington Square Medical Office Building Yes No 1.31 40 Randolph Plaza No No 1.42 41 Broadmoor Apartments of St. Joseph No No 1.39 42 Boulders VI Office Building No No 1.40 43 Kierland Fairways Office Plaza No No 1.33 44 Eastgate Square - Phase VI No No 1.50 45 Tall Oaks Shopping Center No No 1.28 46 Boulders VII Office Building No No 1.40 47 Tanglewood Apartments No No 2.42 48 Greene Countrie Court No No 1.44 49 Belle Station No No 1.43 50 Farmer Jack Supermarket Yes No 1.32 51 Village Shops Plaza Yes No 1.29 Grace Payment Appraised ID Property Name Period Date Value -- ------------- ------ ---- ----- 1 Belz Outlet Center 7 1 99,400,000 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 0 1 159,500,000 2a RREEF Textron Portfolio 10 year 0 1 99,687,500 2a1 I-290 Industrial Park 20,562,500 2a2 Marley Run Apartments 18,125,000 2a3 Bear Creek Village Shopping Center 14,687,500 2a4 Demonet Building 13,750,000 2a5 Dallas Industrial Portfolio 12,875,000 2a6 Pointe at Crystal Lake 12,062,500 2a7 Lakeridge at the Moors 7,625,000 2b RREEF Textron Portfolio 7 year 0 1 59,812,500 2b1 I-290 Industrial Park 12,337,500 2b2 Marley Run Apartments 10,875,000 2b3 Bear Creek Village Shopping Center 8,812,500 2b4 Demonet Building 8,250,000 2b5 Dallas Industrial Portfolio 7,725,000 2b6 Pointe at Crystal Lake 7,237,500 2b7 Lakeridge at the Moors 4,575,000 3 50 Danbury Road 5 1 50,800,000 4 Cranston Parkade 5 1 35,000,000 5 Fifth Third Center 5 1 35,000,000 6 Mountain Square Shopping Center 5 1 33,000,000 7 Cityview Centre 5 1 32,000,000 8 SLO Promenade 5 1 28,400,000 9 CNL Retail Portfolio 5 1 33,350,000 9a CNL Retail Portfolio - Barnes & Noble 8,075,000 9b CNL Retail Portfolio - Borders Books 7,675,000 9c CNL Retail Portfolio - Best Buy 7,450,000 9d CNL Retail Portfolio - Kash 'N Karry 5,350,000 9e CNL Retail Portfolio - Bed Bath & Beyond 4,800,000 10 Valencia Corporate Plaza 10 1 23,650,000 11 The Mansions at Delmar Village 5 1 21,300,000 12 1111 North Capitol Street Building 5 1 22,400,000 13 3220 Tillman Drive 5 1 20,000,000 14 Great Southern Shopping Center 5 1 28,300,000 15 Celebration X 5 1 27,100,000 16 North Decatur Square Shopping Center 5 1 17,400,000 17 The Glen at Lafayette Hill 0 1 20,500,000 18 United Plaza XII 5 1 17,900,000 19 Raintree Apartments 5 1 17,700,000 20 11-15 Read's Way 5 1 17,200,000 21 Highland Run East Apartments 5 1 15,700,000 22 Fire Mountain Shopping Center 5 1 16,850,000 23 Park Del Amo 0 1 21,500,000 24 Parque View Apartments 5 1 15,100,000 25 Los Vallecitos Business Center 5 1 14,250,000 26 South Parc at Bethany Apartments 5 1 13,530,000 27 Levittown Mews Shopping Center 5 1 13,500,000 28 Racal Instruments Headquarters 5 1 13,500,000 29 Mountain Marketplace 5 1 11,000,000 30 Lott Portfolio 5 1 14,920,000 30a Ark Self Storage - Smyrna 3,470,000 30b Ark Self Storage - Marietta 3,320,000 30c Ark Self Storage - Savannah 3,190,000 30d Ark Self Storage - Norcross 2,220,000 30e Ark Self Storage - Macon 1,780,000 30f Ark Self Storage - Douglas 940,000 31 Simi Valley Retail and Office Center 5 1 10,850,000 31a Smart & Final Retail Center 9,100,000 31b Simi Valley Office Center 1,750,000 32 Shoppes at Beacon Light 0 1 12,500,000 33 Constitution Place 0 1 14,400,000 34 Wildwood Ridge Apartments 5 1 10,500,000 35 Westlake Village Business Park 5 1 12,450,000 36 Clermont Towne Center 5 1 9,800,000 37 Webster and Wayne Shopping Center 5 1 11,800,000 38 Cherry Valley Plaza 5 1 10,150,000 39 Washington Square Medical Office Building 5 1 9,800,000 40 Randolph Plaza 5 1 11,000,000 41 Broadmoor Apartments of St. Joseph 5 1 9,100,000 42 Boulders VI Office Building 5 1 9,300,000 43 Kierland Fairways Office Plaza 5 1 10,000,000 44 Eastgate Square - Phase VI 0 1 8,800,000 45 Tall Oaks Shopping Center 5 1 8,500,000 46 Boulders VII Office Building 5 1 8,950,000 47 Tanglewood Apartments 5 1 15,200,000 48 Greene Countrie Court 5 1 7,800,000 49 Belle Station 7 1 8,000,000 50 Farmer Jack Supermarket 5 1 7,750,000 51 Village Shops Plaza 5 1 8,120,000 Cut-Off LTV Date LTV Ratio at ID Property Name Ratio Maturity -- ------------- ----- -------- 1 Belz Outlet Center 64.17% 56.57% 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 25.71% 25.71% 2a RREEF Textron Portfolio 10 year 25.71% 25.71% 2a1 I-290 Industrial Park 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 2a4 Demonet Building 2a5 Dallas Industrial Portfolio 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year 25.71% 25.71% 2b1 I-290 Industrial Park 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 2b4 Demonet Building 2b5 Dallas Industrial Portfolio 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 74.80% 62.95% 4 Cranston Parkade 72.32% 68.47% 5 Fifth Third Center 71.36% 61.41% 6 Mountain Square Shopping Center 74.07% 64.75% 7 Cityview Centre 75.90% 66.25% 8 SLO Promenade 73.83% 69.99% 9 CNL Retail Portfolio 62.83% 54.89% 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza 74.00% 63.83% 11 The Mansions at Delmar Village 79.64% 69.66% 12 1111 North Capitol Street Building 65.35% 56.80% 13 3220 Tillman Drive 71.75% 68.38% 14 Great Southern Shopping Center 48.56% 42.35% 15 Celebration X 50.18% 50.18% 16 North Decatur Square Shopping Center 77.99% 68.13% 17 The Glen at Lafayette Hill 65.58% 59.05% 18 United Plaza XII 73.98% 65.62% 19 Raintree Apartments 73.48% 69.85% 20 11-15 Read's Way 73.14% 63.26% 21 Highland Run East Apartments 77.64% 66.92% 22 Fire Mountain Shopping Center 69.85% 61.62% 23 Park Del Amo 54.64% 46.19% 24 Parque View Apartments 72.73% 62.90% 25 Los Vallecitos Business Center 73.62% 63.77% 26 South Parc at Bethany Apartments 77.38% 67.84% 27 Levittown Mews Shopping Center 72.59% 58.07% 28 Racal Instruments Headquarters 70.31% 60.92% 29 Mountain Marketplace 78.98% 69.28% 30 Lott Portfolio 57.91% 40.41% 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center 77.36% 67.66% 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light 66.73% 53.91% 33 Constitution Place 57.19% 47.74% 34 Wildwood Ridge Apartments 77.55% 66.80% 35 Westlake Village Business Park 64.13% 56.39% 36 Clermont Towne Center 79.26% 68.09% 37 Webster and Wayne Shopping Center 63.56% 62.12% 38 Cherry Valley Plaza 71.78% 63.05% 39 Washington Square Medical Office Building 73.14% 65.04% 40 Randolph Plaza 64.07% 56.01% 41 Broadmoor Apartments of St. Joseph 76.46% 67.46% 42 Boulders VI Office Building 74.52% 65.55% 43 Kierland Fairways Office Plaza 66.86% 58.63% 44 Eastgate Square - Phase VI 74.60% 71.27% 45 Tall Oaks Shopping Center 75.07% 66.82% 46 Boulders VII Office Building 70.75% 62.23% 47 Tanglewood Apartments 41.30% 35.53% 48 Greene Countrie Court 78.09% 73.98% 49 Belle Station 75.51% 65.84% 50 Farmer Jack Supermarket 76.59% 65.80% 51 Village Shops Plaza 70.69% 58.68% ID Property Name Address -- ------------- ------- 1 Belz Outlet Center 401 West Oakridge Road 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various 2a RREEF Textron Portfolio 10 year Various 2a1 I-290 Industrial Park 10-30 Forbes Road, 425-450 Whitney Street 2a2 Marley Run Apartments 8017 Ashberry Lane 2a3 Bear Creek Village Shopping Center 17200 Redmond Way N.E. 2a4 Demonet Building 1155 Connecticut Avenue 2a5 Dallas Industrial Portfolio Various 2a6 Pointe at Crystal Lake 700 Cypress Club Way 2a7 Lakeridge at the Moors 17230 NW 64th Avenue 2b RREEF Textron Portfolio 7 year Various 2b1 I-290 Industrial Park 10-30 Forbes Road, 425-450 Whitney Street 2b2 Marley Run Apartments 8017 Ashberry Lane 2b3 Bear Creek Village Shopping Center 17200 Redmond Way N.E. 2b4 Demonet Building 1155 Connecticut Avenue 2b5 Dallas Industrial Portfolio Various 2b6 Pointe at Crystal Lake 700 Cypress Club Way 2b7 Lakeridge at the Moors 17230 NW 64th Avenue 3 50 Danbury Road 50 Danbury Road 4 Cranston Parkade 300 Garfield Avenue 5 Fifth Third Center 110 North Main Street 6 Mountain Square Shopping Center 250 - 420 S. Mountain Avenue 7 Cityview Centre 4600-4750 Bryant Irvin Road 8 SLO Promenade 321 Madonna Road 9 CNL Retail Portfolio Various 9a CNL Retail Portfolio - Barnes & Noble 591 South University Drive 9b CNL Retail Portfolio - Borders Books 2240 East Sunrise Boulevard 9c CNL Retail Portfolio - Best Buy 6600 22nd Avenue 9d CNL Retail Portfolio - Kash 'N Karry 1101 East Bloomingdale Avenue 9e CNL Retail Portfolio - Bed Bath & Beyond 10050 West Broad Street 10 Valencia Corporate Plaza 28470/28490 Stanford Avenue 11 The Mansions at Delmar Village 63 Mansion Boulevard 12 1111 North Capitol Street Building 1111 North Capitol Street, NE 13 3220 Tillman Drive 3220 Tillman Drive 14 Great Southern Shopping Center 3605-3879 South High Street 15 Celebration X 200 Celebration Road 16 North Decatur Square Shopping Center 2863 - 2899 North Decatur Road 17 The Glen at Lafayette Hill Joshua Road and Ridge Pike 18 United Plaza XII 8549 United Plaza Boulevard 19 Raintree Apartments 175 North Locust Hill Drive 20 11-15 Read's Way 11-15 Read's Way 21 Highland Run East Apartments 640 Abberley Way 22 Fire Mountain Shopping Center 2434 - 2598 Vista Way 23 Park Del Amo 2355 - 2377 Crenshaw Boulevard 24 Parque View Apartments 1800 El Paseo Street 25 Los Vallecitos Business Center 800 - 830 Los Vallecitos Boulevard and 125 - 145 Vallecitos De Oro 26 South Parc at Bethany Apartments 4300 NW Chanticleer Drive 27 Levittown Mews Shopping Center 3335-3377 Hempstead Turnpike 28 Racal Instruments Headquarters 4 Goodyear Street 29 Mountain Marketplace 350 Mountain Road 30 Lott Portfolio Various 30a Ark Self Storage - Smyrna 2330 Old Concord Road 30b Ark Self Storage - Marietta 1744 Cobb Parkway So. 30c Ark Self Storage - Savannah 5514 & 9131 White Bluff Road 30d Ark Self Storage - Norcross 6305 Atlantic Boulevard 30e Ark Self Storage - Macon 1731 Keystone Street 30f Ark Self Storage - Douglas 107 West Walker Street 31 Simi Valley Retail and Office Center Various 31a Smart & Final Retail Center 1778-1992 Erringer Road 31b Simi Valley Office Center 1900 E. Los Angeles Avenue 32 Shoppes at Beacon Light 2400 North Federal Highway 33 Constitution Place 325 Chestnut Street 34 Wildwood Ridge Apartments 5100 Highbridge 35 Westlake Village Business Park 2630 Townsgate Road,766-822 Hampshire Rd, 756 Lakefield Rd 36 Clermont Towne Center State Route 50 & Citrus Tower Boulevard 37 Webster and Wayne Shopping Center 2121 North Clybourn Avenue 38 Cherry Valley Plaza 11604-11634 Reistertown Road 39 Washington Square Medical Office Building 11051 Hall Road 40 Randolph Plaza 4202 East 22nd Street 41 Broadmoor Apartments of St. Joseph 3601 Gene Field Road 42 Boulders VI Office Building 7401 Beaufont Springs Drive 43 Kierland Fairways Office Plaza 14614 North Kierland Blvd. 44 Eastgate Square - Phase VI Route 38 & Nixon Drive 45 Tall Oaks Shopping Center 12010-50 North Shore Drive 46 Boulders VII Office Building 7325 Beaufont Springs Drive 47 Tanglewood Apartments 1700 Johnson Road 48 Greene Countrie Court 7841 Ridge Avenue 49 Belle Station 697 Long Point Road 50 Farmer Jack Supermarket 2630 West Laskey Road 51 Village Shops Plaza 7900-7990 Pines Boulevard ID Property Name City State Zip Code -- ------------- ---- ----- -------- 1 Belz Outlet Center Orlando FL 32819 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various Various 2a RREEF Textron Portfolio 10 year Various Various Various 2a1 I-290 Industrial Park Northborough MA 1532 2a2 Marley Run Apartments Pasadena MD 21122 2a3 Bear Creek Village Shopping Center Redmond WA 98052 2a4 Demonet Building Washington DC 20036 2a5 Dallas Industrial Portfolio Various TX Various 2a6 Pointe at Crystal Lake Pompano Beach FL 33064 2a7 Lakeridge at the Moors Miami FL 33015 2b RREEF Textron Portfolio 7 year Various Various Various 2b1 I-290 Industrial Park Northborough MA 1532 2b2 Marley Run Apartments Pasadena MD 21122 2b3 Bear Creek Village Shopping Center Redmond WA 98052 2b4 Demonet Building Washington DC 20036 2b5 Dallas Industrial Portfolio Various TX Various 2b6 Pointe at Crystal Lake Pompano Beach FL 33064 2b7 Lakeridge at the Moors Miami FL 33015 3 50 Danbury Road Wilton CT 6897 4 Cranston Parkade Cranston RI 2920 5 Fifth Third Center Dayton OH 45402 6 Mountain Square Shopping Center Upland CA 91786 7 Cityview Centre Fort Worth TX 76132 8 SLO Promenade San Luis Obispo CA 93405 9 CNL Retail Portfolio Various Various Various 9a CNL Retail Portfolio - Barnes & Noble Plantation FL 33317 9b CNL Retail Portfolio - Borders Books Ft. Lauderdale FL 33304 9c CNL Retail Portfolio - Best Buy St. Petersburg FL 33710 9d CNL Retail Portfolio - Kash 'N Karry Brandon FL 33511 9e CNL Retail Portfolio - Bed Bath & Beyond Glen Allen VA 23060 10 Valencia Corporate Plaza Santa Clarita CA 91355 11 The Mansions at Delmar Village Delmar NY 12054 12 1111 North Capitol Street Building Washington DC 20005 13 3220 Tillman Drive Bensalem PA 19020 14 Great Southern Shopping Center Columbus OH 43207 15 Celebration X Celebration FL 34747 16 North Decatur Square Shopping Center Atlanta GA 30303 17 The Glen at Lafayette Hill Lafayette Hill PA 19444 18 United Plaza XII Baton Rouge LA 70809 19 Raintree Apartments Lexington KY 40509 20 11-15 Read's Way New Castle DE 19720 21 Highland Run East Apartments Stone Mountain GA 30083 22 Fire Mountain Shopping Center Oceanside CA 92054 23 Park Del Amo Torrance CA 90501 24 Parque View Apartments Houston TX 77054 25 Los Vallecitos Business Center San Marcos CA 92069 26 South Parc at Bethany Apartments Portland OR 97229 27 Levittown Mews Shopping Center Levittown NY 11756 28 Racal Instruments Headquarters Irvine CA 92618 29 Mountain Marketplace Pasadena MD 21122 30 Lott Portfolio Various Various Various 30a Ark Self Storage - Smyrna Smyrna GA 30082 30b Ark Self Storage - Marietta Marietta GA 30060 30c Ark Self Storage - Savannah Savannah GA 31405 30d Ark Self Storage - Norcross Norcross GA 30071 30e Ark Self Storage - Macon Macon GA 31204 30f Ark Self Storage - Douglas Douglas GA 31533 31 Simi Valley Retail and Office Center Various Various Various 31a Smart & Final Retail Center Simi Valley CA 93065 31b Simi Valley Office Center Simi Valley CA 93065 32 Shoppes at Beacon Light Lighthouse Point FL 33064 33 Constitution Place Philadelphia PA 19106 34 Wildwood Ridge Apartments Fayetteville NY 13066 35 Westlake Village Business Park Thousand Oaks CA 91361 36 Clermont Towne Center Clermont FL 34711 37 Webster and Wayne Shopping Center Chicago IL 60614 38 Cherry Valley Plaza Reistertown MD 21136 39 Washington Square Medical Office Building Utica MI 48317 40 Randolph Plaza Tucson AZ 85711 41 Broadmoor Apartments of St. Joseph St. Joseph MO 64506 42 Boulders VI Office Building Richmond VA 23225 43 Kierland Fairways Office Plaza Phoenix AZ 84254 44 Eastgate Square - Phase VI Moorestown NJ 8054 45 Tall Oaks Shopping Center Reston VA 20190 46 Boulders VII Office Building Richmond VA 23225 47 Tanglewood Apartments Petersburg VA 23805 48 Greene Countrie Court Philadelphia PA 19128 49 Belle Station Mount Pleasant SC 29464 50 Farmer Jack Supermarket Toledo OH 43613 51 Village Shops Plaza Pembroke Pines FL 33024 Net Year Year Rentable ID Property Name Built Renovated Area SF/Units -- ------------- ----- --------- ------------ 1 Belz Outlet Center 1981 1991 637,772 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various Various 2a RREEF Textron Portfolio 10 year Various Various Various 2a1 I-290 Industrial Park Various Various 576,644 2a2 Marley Run Apartments 1990 336 2a3 Bear Creek Village Shopping Center 1976 1987 175,040 2a4 Demonet Building 1984 94,893 2a5 Dallas Industrial Portfolio Various Various 561,920 2a6 Pointe at Crystal Lake 1988 292 2a7 Lakeridge at the Moors 1991 175 2b RREEF Textron Portfolio 7 year Various Various Various 2b1 I-290 Industrial Park Various Various 576,644 2b2 Marley Run Apartments 1990 336 2b3 Bear Creek Village Shopping Center 1976 1987 175,040 2b4 Demonet Building 1984 94,893 2b5 Dallas Industrial Portfolio Various Various 561,920 2b6 Pointe at Crystal Lake 1988 292 2b7 Lakeridge at the Moors 1991 175 3 50 Danbury Road 1960 2001 219,041 4 Cranston Parkade 2001 259,218 5 Fifth Third Center 1989 294,850 6 Mountain Square Shopping Center 1988 273,189 7 Cityview Centre 1987 2002 352,300 8 SLO Promenade 1987 2000 173,347 9 CNL Retail Portfolio Various 210,155 9a CNL Retail Portfolio - Barnes & Noble 1995 35,000 9b CNL Retail Portfolio - Borders Books 1995 30,000 9c CNL Retail Portfolio - Best Buy 1997 46,520 9d CNL Retail Portfolio - Kash 'N Karry 1997 58,635 9e CNL Retail Portfolio - Bed Bath & Beyond 1997 40,000 10 Valencia Corporate Plaza 1999 2001-2002 144,272 11 The Mansions at Delmar Village 2001 232 12 1111 North Capitol Street Building 1927 2002 167,047 13 3220 Tillman Drive 1990 143,049 14 Great Southern Shopping Center 1958 1990 571,592 15 Celebration X 1995 166,131 16 North Decatur Square Shopping Center 2002 136,334 17 The Glen at Lafayette Hill 2000 139 18 United Plaza XII 1998 152,501 19 Raintree Apartments 1985 2000 480 20 11-15 Read's Way 1997-1998 128,524 21 Highland Run East Apartments 1970 2001 300 22 Fire Mountain Shopping Center 1986 92,378 23 Park Del Amo 1985 205,961 24 Parque View Apartments 1979 352 25 Los Vallecitos Business Center 1982 2001 150,312 26 South Parc at Bethany Apartments 1995 152 27 Levittown Mews Shopping Center 1993 93,376 28 Racal Instruments Headquarters 1981 98,631 29 Mountain Marketplace 2001 86,896 30 Lott Portfolio Various Various 2,633 30a Ark Self Storage - Smyrna 1985 1987 528 30b Ark Self Storage - Marietta 1987 1989 450 30c Ark Self Storage - Savannah 1983 1996 545 30d Ark Self Storage - Norcross 1987 426 30e Ark Self Storage - Macon 1983 1989 390 30f Ark Self Storage - Douglas 1986 1990 294 31 Simi Valley Retail and Office Center Various 91,614 31a Smart & Final Retail Center 1965 1993 74,312 31b Simi Valley Office Center 1993 17,302 32 Shoppes at Beacon Light 1954 2001 88,497 33 Constitution Place 1955 1996 197,005 34 Wildwood Ridge Apartments 1973 2002 266 35 Westlake Village Business Park 1972 2000 118,223 36 Clermont Towne Center 1999 81,300 37 Webster and Wayne Shopping Center 1987 2002 68,235 38 Cherry Valley Plaza 1982 2002 85,322 39 Washington Square Medical Office Building 2001 44,526 40 Randolph Plaza 1972 2000 179,382 41 Broadmoor Apartments of St. Joseph 1979 1992 385 42 Boulders VI Office Building 1997 81,442 43 Kierland Fairways Office Plaza 1998 55,268 44 Eastgate Square - Phase VI 1998 36,245 45 Tall Oaks Shopping Center 1974 1999 71,953 46 Boulders VII Office Building 1999 75,472 47 Tanglewood Apartments 1976 2000 408 48 Greene Countrie Court 1961 147 49 Belle Station 2000-2001 68,806 50 Farmer Jack Supermarket 2001 58,145 51 Village Shops Plaza 1986 1992 88,439 Loan per Net Units Rentable Prepayment of Area Provisions ID Property Name Measure SF/Units (# of payments) -- ------------- ------- -------- --------------- 1 Belz Outlet Center Sq.Ft. 100.02 LO(27)/Defeasance(56)/ Open(1) 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various Various 2a RREEF Textron Portfolio 10 year Various Various Grtr1% Or YM(119)/ Open(1) 2a1 I-290 Industrial Park Sq.Ft. 8.28 2a2 Marley Run Apartments Units 13,394.02 2a3 Bear Creek Village Shopping Center Sq.Ft. 22.69 2a4 Demonet Building Sq.Ft. 40.51 2a5 Dallas Industrial Portfolio Sq.Ft. 6.04 2a6 Pointe at Crystal Lake Units 10,750.22 2a7 Lakeridge at the Moors Units 11,439.73 2b RREEF Textron Portfolio 7 year Various Various Grtr1% Or YM(83)/ Open(1) 2b1 I-290 Industrial Park Sq.Ft. 4.97 2b2 Marley Run Apartments Units 8,036.41 2b3 Bear Creek Village Shopping Center Sq.Ft. 13.61 2b4 Demonet Building Sq.Ft. 24.30 2b5 Dallas Industrial Portfolio Sq.Ft. 3.63 2b6 Pointe at Crystal Lake Units 6,450.13 2b7 Lakeridge at the Moors Units 6,863.84 3 50 Danbury Road Sq.Ft. 173.48 LO(26)/Defeasance(90)/ Open(4) 4 Cranston Parkade Sq.Ft. 97.64 LO(26)/Defeasance(33)/ Open(1) 5 Fifth Third Center Sq.Ft. 84.71 LO(26)/Defeasance(90)/ Open(4) 6 Mountain Square Shopping Center Sq.Ft. 89.48 LO(34)/Defeasance(82)/ Open(4) 7 Cityview Centre Sq.Ft. 68.94 LO(27)/Defeasance(89)/ Open(4) 8 SLO Promenade Sq.Ft. 120.96 LO(47)/Defeasance(12)/ Open(1) 9 CNL Retail Portfolio Sq.Ft. 99.71 LO(47)/Defeasance(72)/ Open(1) 9a CNL Retail Portfolio - Barnes & Noble Sq.Ft. 146.05 9b CNL Retail Portfolio - Borders Books Sq.Ft. 164.16 9c CNL Retail Portfolio - Best Buy Sq.Ft. 100.50 9d CNL Retail Portfolio - Kash 'N Karry Sq.Ft. 56.51 9e CNL Retail Portfolio - Bed Bath & Beyond Sq.Ft. 73.25 10 Valencia Corporate Plaza Sq.Ft. 121.30 LO(47)/Defeasance(72)/ Open(1) 11 The Mansions at Delmar Village Units 73,121.36 LO(28)/Defeasance(88)/ Open(4) 12 1111 North Capitol Street Building Sq.Ft. 87.62 LO(26)/Defeasance(90)/ Open(4) 13 3220 Tillman Drive Sq.Ft. 100.32 LO(29)/Defeasance(30)/ Open(1) 14 Great Southern Shopping Center Sq.Ft. 24.04 LO(33)/Defeasance(83)/ Open(7) 15 Celebration X Sq.Ft. 81.86 LO(35)/Yield Maintenance(23)/Open(2) 16 North Decatur Square Shopping Center Sq.Ft. 99.54 LO(28)/Defeasance(88)/ Open(4) 17 The Glen at Lafayette Hill Units 96,714.25 LO(37)/Grtr1% Or YM(80) /Open(3) 18 United Plaza XII Sq.Ft. 86.84 LO(29)/Defeasance(51)/ Open(4) 19 Raintree Apartments Units 27,097.06 LO(47)/Defeasance(12)/ Open(1) 20 11-15 Read's Way Sq.Ft. 97.88 LO(47)/Defeasance(71)/ Open(2) 21 Highland Run East Apartments Units 40,629.69 LO(26)/Defeasance(90)/ Open(4) 22 Fire Mountain Shopping Center Sq.Ft. 127.41 LO(34)/Defeasance(82)/ Open(4) 23 Park Del Amo Sq.Ft. 57.04 LO(37)/Grtr1% Or YM(80) /Open(3) 24 Parque View Apartments Units 31,199.73 LO(27)/Defeasance(89)/ Open(4) 25 Los Vallecitos Business Center SqFt 69.79 LO(35)/Defeasance(81)/ Open(4) 26 South Parc at Bethany Apartments Units 68,878.51 LO(29)/Defeasance(87)/ Open(4) 27 Levittown Mews Shopping Center Sq.Ft. 104.95 LO(35)/Defeasance(84)/ Open(1) 28 Racal Instruments Headquarters Sq.Ft. 96.23 LO(25)/Defeasance(93)/ Open(2) 29 Mountain Marketplace Sq.Ft. 99.98 LO(47)/Defeasance(71)/ Open(2) 30 Lott Portfolio Units 3,281.36 LO(32)/Defeasance(84)/ Open(4) 30a Ark Self Storage - Smyrna Units 30b Ark Self Storage - Marietta Units 30c Ark Self Storage - Savannah Units 30d Ark Self Storage - Norcross Units 30e Ark Self Storage - Macon Units 30f Ark Self Storage - Douglas Units 31 Simi Valley Retail and Office Center Sq.Ft. 91.61 LO(26)/Defeasance(90)/ Open(4) 31a Smart & Final Retail Center Sq.Ft. 31b Simi Valley Office Center Sq.Ft. 32 Shoppes at Beacon Light Sq.Ft. 94.25 LO(61)/Grtr1% Or YM(55) /Open(4) 33 Constitution Place Sq.Ft. 41.80 LO(25)/Grtr1% Or YM(91) /Open(4) 34 Wildwood Ridge Apartments Units 30,611.13 LO(26)/Defeasance(90)/ Open(4) 35 Westlake Village Business Park Sq.Ft. 67.53 LO(28)/Defeasance(88)/ Open(4) 36 Clermont Towne Center Sq.Ft. 95.54 LO(26)/Defeasance(90)/ Open(4) 37 Webster and Wayne Shopping Center Sq.Ft. 109.91 LO(47)/Defeasance(36)/ Open(1) 38 Cherry Valley Plaza Sq.Ft. 85.39 LO(47)/Defeasance(71)/ Open(2) 39 Washington Square Medical Office Building Sq.Ft. 160.97 LO(32)/Defeasance(84)/ Open(4) 40 Randolph Plaza Sq.Ft. 39.29 LO(34)/Defeasance(82)/ Open(4) 41 Broadmoor Apartments of St. Joseph Units 18,071.27 LO(33)/Defeasance(80)/ Open(7) 42 Boulders VI Office Building Sq.Ft. 85.10 LO(29)/Defeasance(87)/ Open(4) 43 Kierland Fairways Office Plaza Sq.Ft. 120.98 LO(28)/Defeasance(88)/ Open(4) 44 Eastgate Square - Phase VI Sq.Ft. 181.13 LO(24)/Yield Maintenance(34)/Open(2) 45 Tall Oaks Shopping Center Sq.Ft. 88.68 LO(30)/Defeasance(86)/ Open(4) 46 Boulders VII Office Building Sq.Ft. 83.90 LO(29)/Defeasance(87)/ Open(4) 47 Tanglewood Apartments Units 15,388.12 LO(29)/Defeasance(87)/ Open(4) 48 Greene Countrie Court Units 41,433.52 LO(26)/Defeasance(33)/ Open(1) 49 Belle Station Sq.Ft. 87.80 LO(47)/Yield Maintenance(72)/Open(1) 50 Farmer Jack Supermarket Sq.Ft. 102.09 LO(37)/Defeasance(79)/ Open(4) 51 Village Shops Plaza Sq.Ft. 64.91 LO(35)/Defeasance(81)/ Open(4) Third Third Most Second Most Recent Recent NOI Most Recent ID Property Name NOI Date NOI -- ------------- --- ---- --- 1 Belz Outlet Center 9,675,173 12/31/1999 11,056,991 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 12,401,418 12/31/2000 14,170,971 2a RREEF Textron Portfolio 10 year 7,750,886 12/31/2000 8,856,857 2a1 I-290 Industrial Park 1,287,473 12/31/2000 1,517,160 2a2 Marley Run Apartments 1,439,668 12/31/2000 1,678,557 2a3 Bear Creek Village Shopping Center 1,141,581 12/31/2000 1,316,943 2a4 Demonet Building 1,129,198 12/31/2000 1,300,107 2a5 Dallas Industrial Portfolio 1,306,531 12/31/2000 1,393,474 2a6 Pointe at Crystal Lake 937,189 12/31/2000 984,286 2a7 Lakeridge at the Moors 509,247 12/31/2000 666,331 2b RREEF Textron Portfolio 7 year 4,650,532 12/31/2000 5,314,114 2b1 I-290 Industrial Park 772,484 12/31/2000 910,296 2b2 Marley Run Apartments 863,801 12/31/2000 1,007,134 2b3 Bear Creek Village Shopping Center 684,949 12/31/2000 790,166 2b4 Demonet Building 677,519 12/31/2000 780,064 2b5 Dallas Industrial Portfolio 783,918 12/31/2000 836,084 2b6 Pointe at Crystal Lake 562,313 12/31/2000 590,571 2b7 Lakeridge at the Moors 305,548 12/31/2000 399,799 3 50 Danbury Road 955,691 4 Cranston Parkade 5 Fifth Third Center 3,464,236 12/31/2000 3,728,918 6 Mountain Square Shopping Center 3,137,604 12/31/2000 3,291,037 7 Cityview Centre 2,023,958 12/31/2000 2,460,229 8 SLO Promenade 631,746 9 CNL Retail Portfolio 3,165,559 12/31/2000 3,165,559 9a CNL Retail Portfolio - Barnes & Noble 798,992 12/31/2000 798,992 9b CNL Retail Portfolio - Borders Books 731,168 12/31/2000 731,168 9c CNL Retail Portfolio - Best Buy 697,000 12/31/2000 697,000 9d CNL Retail Portfolio - Kash 'N Karry 498,399 12/31/2000 498,399 9e CNL Retail Portfolio - Bed Bath & Beyond 440,000 12/31/2000 440,000 10 Valencia Corporate Plaza 1,443,213 12/31/2000 1,314,256 11 The Mansions at Delmar Village 1,178,370 12 1111 North Capitol Street Building 1,594,018 12/31/2000 1,661,170 13 3220 Tillman Drive 2,129,846 12/31/1999 2,007,859 14 Great Southern Shopping Center 2,733,818 12/31/2000 2,741,820 15 Celebration X 16 North Decatur Square Shopping Center 812,374 12/31/1999 1,161,926 17 The Glen at Lafayette Hill 1,901,037 18 United Plaza XII 79,244 19 Raintree Apartments 1,343,181 12/31/2000 1,324,660 20 11-15 Read's Way 1,364,084 12/31/1999 1,083,256 21 Highland Run East Apartments 1,088,136 22 Fire Mountain Shopping Center 1,762,580 12/1/2000 1,710,025 23 Park Del Amo 1,739,986 12/31/2000 2,043,344 24 Parque View Apartments 1,181,155 12/31/2000 1,250,087 25 Los Vallecitos Business Center 1,276,966 26 South Parc at Bethany Apartments 1,020,775 12/31/2000 1,152,332 27 Levittown Mews Shopping Center 1,208,886 12/31/2000 1,227,285 28 Racal Instruments Headquarters 29 Mountain Marketplace 30 Lott Portfolio 1,320,490 12/31/2000 1,450,331 30a Ark Self Storage - Smyrna 265,793 12/31/2000 324,905 30b Ark Self Storage - Marietta 287,352 12/31/2000 314,957 30c Ark Self Storage - Savannah 299,462 12/31/2000 320,853 30d Ark Self Storage - Norcross 210,841 12/31/2000 222,985 30e Ark Self Storage - Macon 166,746 12/31/2000 162,607 30f Ark Self Storage - Douglas 90,296 12/31/2000 104,024 31 Simi Valley Retail and Office Center 1,150,039 31a Smart & Final Retail Center 978,592 31b Simi Valley Office Center 171,447 32 Shoppes at Beacon Light 371,418 12/31/2000 797,521 33 Constitution Place 2,054,378 12/31/2000 2,015,996 34 Wildwood Ridge Apartments 1,126,122 12/31/2000 1,075,467 35 Westlake Village Business Park 1,126,615 12/31/2000 1,214,873 36 Clermont Towne Center 469,012 12/31/2000 618,003 37 Webster and Wayne Shopping Center 924,287 12/31/2000 859,066 38 Cherry Valley Plaza 428,197 12/31/1999 197,096 39 Washington Square Medical Office Building 40 Randolph Plaza 1,034,629 12/31/2000 979,806 41 Broadmoor Apartments of St. Joseph 994,301 12/31/2000 958,955 42 Boulders VI Office Building 973,892 12/31/2000 1,011,869 43 Kierland Fairways Office Plaza 772,696 12/31/2000 981,076 44 Eastgate Square - Phase VI 909,693 12/31/2000 919,495 45 Tall Oaks Shopping Center 371,740 12/31/1999 605,043 46 Boulders VII Office Building 395,373 12/31/2000 586,805 47 Tanglewood Apartments 1,178,224 12/31/2000 1,301,987 48 Greene Countrie Court 650,731 49 Belle Station 496,870 50 Farmer Jack Supermarket 51 Village Shops Plaza 851,995 12/31/2000 858,129 Second Most Most Recent Recent NOI Most Recent NOI ID Property Name Date NOI Date -- ------------- ---- --- ---- 1 Belz Outlet Center 12/31/2000 10,666,809 12/31/2001 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 12/31/2001 14,517,664 5/31/2002 2a RREEF Textron Portfolio 10 year 12/31/2001 9,073,540 5/31/2002 2a1 I-290 Industrial Park 12/31/2001 2,033,308 5/31/2002 2a2 Marley Run Apartments 10/31/2001 1,574,893 5/31/2002 2a3 Bear Creek Village Shopping Center 12/31/2001 1,335,522 5/31/2002 2a4 Demonet Building 12/31/2001 1,191,226 5/31/2002 2a5 Dallas Industrial Portfolio 12/31/2001 1,255,353 5/31/2002 2a6 Pointe at Crystal Lake 12/31/2001 985,387 5/31/2002 2a7 Lakeridge at the Moors 12/31/2001 697,852 5/31/2002 2b RREEF Textron Portfolio 7 year 12/31/2001 5,444,124 5/31/2002 2b1 I-290 Industrial Park 12/31/2001 1,219,985 5/31/2002 2b2 Marley Run Apartments 10/31/2001 944,936 5/31/2002 2b3 Bear Creek Village Shopping Center 12/31/2001 801,313 5/31/2002 2b4 Demonet Building 12/31/2001 714,736 5/31/2002 2b5 Dallas Industrial Portfolio 12/31/2001 753,212 5/31/2002 2b6 Pointe at Crystal Lake 12/31/2001 591,232 5/31/2002 2b7 Lakeridge at the Moors 12/31/2001 418,711 5/31/2002 3 50 Danbury Road 12/31/2001 457,519 5/31/2002 4 Cranston Parkade 5 Fifth Third Center 12/31/2001 3,838,114 4/30/2002 6 Mountain Square Shopping Center 12/31/2001 3,215,252 5/31/2002 7 Cityview Centre 12/31/2001 2,527,779 4/30/2002 8 SLO Promenade 12/31/2000 2,493,004 12/31/2001 9 CNL Retail Portfolio 12/31/2001 3,165,559 Trailing 12 05/02 9a CNL Retail Portfolio - Barnes & Noble 12/31/2001 798,992 Trailing 12 05/02 9b CNL Retail Portfolio - Borders Books 12/31/2001 731,168 Trailing 12 05/02 9c CNL Retail Portfolio - Best Buy 12/31/2001 697,000 Trailing 12 05/02 9d CNL Retail Portfolio - Kash 'N Karry 12/31/2001 498,399 Trailing 12 05/02 9e CNL Retail Portfolio - Bed Bath & Beyond 12/31/2001 440,000 Trailing 12 05/02 10 Valencia Corporate Plaza 12/31/2001 1,539,418 5/31/2002 11 The Mansions at Delmar Village 12/20/2001 1,708,099 2/20/2002 12 1111 North Capitol Street Building 12/31/2001 1,608,885 2/28/2002 13 3220 Tillman Drive 12/31/2000 1,823,911 12/31/2001 14 Great Southern Shopping Center 12/31/2001 2,867,854 6/21/2002 15 Celebration X 16 North Decatur Square Shopping Center 12/31/2000 1,329,705 12/31/2001 17 The Glen at Lafayette Hill 12/31/2001 2,004,428 3/31/2002 18 United Plaza XII 12/31/2000 435,058 12/31/2001 19 Raintree Apartments 12/31/2001 1,433,876 Trailing 12 05/02 20 11-15 Read's Way 12/31/2000 1,565,704 12/31/2001 21 Highland Run East Apartments 12/31/2001 1,281,475 5/31/2002 22 Fire Mountain Shopping Center 12/31/2001 1,731,131 5/31/2002 23 Park Del Amo 12/31/2001 2,147,415 3/31/2002 24 Parque View Apartments 12/31/2001 1,265,253 2/28/2002 25 Los Vallecitos Business Center 12/31/2001 1,232,485 Annualized 01/02 - 05/02 26 South Parc at Bethany Apartments 12/31/2001 1,037,251 2/28/2002 27 Levittown Mews Shopping Center 12/31/2001 1,367,292 1/0/1900 28 Racal Instruments Headquarters 29 Mountain Marketplace 30 Lott Portfolio 12/31/2001 1,402,492 5/31/2002 30a Ark Self Storage - Smyrna 12/31/2001 311,881 5/31/2002 30b Ark Self Storage - Marietta 12/31/2001 308,838 5/31/2002 30c Ark Self Storage - Savannah 12/31/2001 312,250 5/31/2002 30d Ark Self Storage - Norcross 12/31/2001 208,277 5/31/2002 30e Ark Self Storage - Macon 12/31/2001 156,337 5/31/2002 30f Ark Self Storage - Douglas 12/31/2001 104,909 5/31/2002 31 Simi Valley Retail and Office Center 12/31/2001 1,342,700 7/31/2002 31a Smart & Final Retail Center 12/31/2001 1,104,725 7/31/2002 31b Simi Valley Office Center 12/31/2001 237,975 7/31/2002 32 Shoppes at Beacon Light 12/31/2001 980,648 5/31/2002 33 Constitution Place 12/31/2001 1,908,909 3/31/2002 34 Wildwood Ridge Apartments 12/31/2001 1,121,994 3/31/2002 35 Westlake Village Business Park 12/31/2001 1,275,295 4/30/2002 36 Clermont Towne Center 12/31/2001 674,305 5/31/2002 37 Webster and Wayne Shopping Center 12/31/2001 723,950 6/30/2002 38 Cherry Valley Plaza 12/31/2000 111,477 12/31/2001 39 Washington Square Medical Office Building 1,118,618 6/30/2002 40 Randolph Plaza 12/31/2001 983,928 5/31/2002 41 Broadmoor Apartments of St. Joseph 12/31/2001 983,330 5/31/2002 42 Boulders VI Office Building 12/31/2001 1,015,941 2/28/2002 43 Kierland Fairways Office Plaza 12/31/2001 985,606 1/31/2002 44 Eastgate Square - Phase VI 12/31/2001 794,220 3/31/2002 45 Tall Oaks Shopping Center 12/31/2000 728,672 12/31/2001 46 Boulders VII Office Building 12/31/2001 632,993 2/28/2002 47 Tanglewood Apartments 12/31/2001 1,271,612 2/28/2002 48 Greene Countrie Court 12/31/2000 672,804 12/31/2001 49 Belle Station 12/31/2001 689,075 3/31/2002 50 Farmer Jack Supermarket 754,617 6/30/2002 51 Village Shops Plaza 12/31/2001 835,859 6/30/2002 Underwritten Underwritten Underwritten ID Property Name NOI EGI Expenses -- ------------- --- --- -------- 1 Belz Outlet Center 9,443,179 16,759,449 7,316,270 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 13,693,047 20,948,587 7,255,540 2a RREEF Textron Portfolio 10 year 8,558,154 13,092,867 4,534,713 2a1 I-290 Industrial Park 1,873,917 2,409,482 535,565 2a2 Marley Run Apartments 1,546,396 2,373,401 827,005 2a3 Bear Creek Village Shopping Center 1,269,823 1,649,297 379,474 2a4 Demonet Building 1,063,126 1,872,001 808,876 2a5 Dallas Industrial Portfolio 1,190,613 1,697,558 506,945 2a6 Pointe at Crystal Lake 990,783 1,889,806 899,024 2a7 Lakeridge at the Moors 623,498 1,201,322 577,824 2b RREEF Textron Portfolio 7 year 5,134,893 7,855,720 2,720,828 2b1 I-290 Industrial Park 1,124,350 1,445,689 321,339 2b2 Marley Run Apartments 927,838 1,424,041 496,203 2b3 Bear Creek Village Shopping Center 761,894 989,578 227,685 2b4 Demonet Building 637,875 1,123,201 485,325 2b5 Dallas Industrial Portfolio 714,368 1,018,535 304,167 2b6 Pointe at Crystal Lake 594,470 1,133,884 539,414 2b7 Lakeridge at the Moors 374,099 720,793 346,694 3 50 Danbury Road 4,418,701 6,568,393 2,149,692 4 Cranston Parkade 3,195,504 4,111,717 916,213 5 Fifth Third Center 3,052,547 5,382,297 2,329,750 6 Mountain Square Shopping Center 2,928,503 4,146,622 1,218,119 7 Cityview Centre 2,935,623 4,407,618 1,471,995 8 SLO Promenade 2,344,466 3,367,864 1,023,398 9 CNL Retail Portfolio 2,917,062 3,007,281 90,218 9a CNL Retail Portfolio - Barnes & Noble 736,271 759,042 22,771 9b CNL Retail Portfolio - Borders Books 673,771 694,609 20,838 9c CNL Retail Portfolio - Best Buy 642,286 662,150 19,865 9d CNL Retail Portfolio - Kash 'N Karry 459,275 473,479 14,204 9e CNL Retail Portfolio - Bed Bath & Beyond 405,460 418,000 12,540 10 Valencia Corporate Plaza 2,049,279 3,004,824 849,566 11 The Mansions at Delmar Village 1,738,260 2,641,858 903,598 12 1111 North Capitol Street Building 1,758,904 2,270,304 511,400 13 3220 Tillman Drive 1,813,879 3,157,186 1,343,307 14 Great Southern Shopping Center 2,589,429 3,616,573 1,027,144 15 Celebration X 2,390,567 2,414,714 24,147 16 North Decatur Square Shopping Center 1,543,837 2,005,872 462,035 17 The Glen at Lafayette Hill 1,578,873 2,373,453 794,580 18 United Plaza XII 1,589,176 2,591,285 1,002,109 19 Raintree Apartments 1,437,217 2,779,761 1,342,543 20 11-15 Read's Way 1,481,275 2,070,401 589,126 21 Highland Run East Apartments 1,376,746 2,399,527 1,022,781 22 Fire Mountain Shopping Center 1,582,564 2,139,585 557,021 23 Park Del Amo 1,735,343 3,470,320 1,734,977 24 Parque View Apartments 1,335,247 2,490,550 1,155,303 25 Los Vallecitos Business Center 1,268,768 1,697,426 428,659 26 South Parc at Bethany Apartments 1,064,269 1,718,486 654,217 27 Levittown Mews Shopping Center 1,153,973 3,048,963 1,894,990 28 Racal Instruments Headquarters 1,132,584 1,171,736 39,152 29 Mountain Marketplace 966,669 1,217,446 250,777 30 Lott Portfolio 1,435,909 2,201,938 766,029 30a Ark Self Storage - Smyrna 312,044 468,019 155,975 30b Ark Self Storage - Marietta 326,164 475,557 149,393 30c Ark Self Storage - Savannah 314,733 494,753 180,020 30d Ark Self Storage - Norcross 198,984 313,995 115,011 30e Ark Self Storage - Macon 171,575 288,540 116,965 30f Ark Self Storage - Douglas 112,409 161,074 48,665 31 Simi Valley Retail and Office Center 1,030,139 1,414,691 384,552 31a Smart & Final Retail Center 884,358 1,120,299 235,941 31b Simi Valley Office Center 145,781 294,392 148,611 32 Shoppes at Beacon Light 1,019,809 1,599,022 579,213 33 Constitution Place 1,445,248 3,102,582 1,657,334 34 Wildwood Ridge Apartments 1,002,718 2,377,706 1,374,988 35 Westlake Village Business Park 1,169,572 1,474,284 304,712 36 Clermont Towne Center 886,122 1,225,192 339,070 37 Webster and Wayne Shopping Center 1,064,750 1,556,410 491,661 38 Cherry Valley Plaza 919,491 1,233,312 313,821 39 Washington Square Medical Office Building 861,464 1,194,296 332,832 40 Randolph Plaza 928,451 1,639,084 710,633 41 Broadmoor Apartments of St. Joseph 896,881 1,787,606 890,725 42 Boulders VI Office Building 920,181 1,430,618 510,437 43 Kierland Fairways Office Plaza 831,466 1,305,583 474,117 44 Eastgate Square - Phase VI 832,667 1,087,759 255,092 45 Tall Oaks Shopping Center 743,815 1,101,172 357,357 46 Boulders VII Office Building 831,292 1,293,997 462,705 47 Tanglewood Apartments 1,233,705 2,584,163 1,350,458 48 Greene Countrie Court 684,930 1,286,150 601,221 49 Belle Station 722,098 966,942 244,844 50 Farmer Jack Supermarket 693,705 842,271 148,566 51 Village Shops Plaza 759,853 1,358,760 598,907 Underwritten Underwritten ID Property Name Net Cash Flow Reserves Largest Tenant -- ------------- ------------- -------- -------------- 1 Belz Outlet Center 8,801,915 95,666 Rockport 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year 12,511,359 539,378 Various 2a RREEF Textron Portfolio 10 year 7,819,599 337,111 Various 2a1 I-290 Industrial Park 1,696,983 90,101 USCO Logistics Services 2a2 Marley Run Apartments 1,493,896 52,500 2a3 Bear Creek Village Shopping Center 1,132,260 21,880 Safeway #464 2a4 Demonet Building 929,230 11,862 Birch Horton Bittner 2a5 Dallas Industrial Portfolio 1,025,919 87,800 Servicecraft, LLC 2a6 Pointe at Crystal Lake 945,158 45,625 2a7 Lakeridge at the Moors 596,154 27,344 2b RREEF Textron Portfolio 7 year 4,691,760 202,267 Various 2b1 I-290 Industrial Park 1,018,190 54,060 USCO Logistics Services 2b2 Marley Run Apartments 896,338 31,500 2b3 Bear Creek Village Shopping Center 679,356 13,128 Safeway #464 2b4 Demonet Building 557,538 7,117 Birch Horton Bittner 2b5 Dallas Industrial Portfolio 615,551 52,680 Servicecraft, LLC 2b6 Pointe at Crystal Lake 567,095 27,375 2b7 Lakeridge at the Moors 357,693 16,406 3 50 Danbury Road 4,149,428 43,808 D.L. Ryan Companies, Ltd. 4 Cranston Parkade 3,034,829 38,833 Kmart 5 Fifth Third Center 2,653,172 73,648 Fifth Third Bank 6 Mountain Square Shopping Center 2,717,437 54,638 HomeDepot 7 Cityview Centre 2,636,330 63,051 Tom Thumb 8 SLO Promenade 2,270,652 17,335 Gottschalk's 9 CNL Retail Portfolio 2,784,665 31,523 Various 9a CNL Retail Portfolio - Barnes & Noble 714,221 5,250 Barnes & Noble 9b CNL Retail Portfolio - Borders Books 654,871 4,500 Borders Nooks 9c CNL Retail Portfolio - Best Buy 612,978 6,978 Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 422,335 8,795 Kash N' Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 380,260 6,000 Bed Bath & Beyond 10 Valencia Corporate Plaza 1,871,153 21,310 Explorer Insurance 11 The Mansions at Delmar Village 1,691,860 46,400 12 1111 North Capitol Street Building 1,658,682 33,409 Smithsonian Institution 13 3220 Tillman Drive 1,633,262 28,610 AT&T Wireless 14 Great Southern Shopping Center 2,276,797 100,475 Wal-Mart 15 Celebration X 2,365,647 24,920 Walt Disney World Co. 16 North Decatur Square Shopping Center 1,461,466 20,450 Kroger 17 The Glen at Lafayette Hill 1,551,073 27,800 18 United Plaza XII 1,450,543 30,500 Office Facilities Corp. (State of Louisiana) 19 Raintree Apartments 1,437,217 120,000 20 11-15 Read's Way 1,359,139 25,705 Applied Extrusion Technologies 21 Highland Run East Apartments 1,286,746 90,000 22 Fire Mountain Shopping Center 1,469,030 18,476 Lamps Plus 23 Park Del Amo 1,456,619 53,546 Keenan & Associates 24 Parque View Apartments 1,220,847 114,400 25 Los Vallecitos Business Center 1,142,021 22,547 Casual Dining & Bar Stools 26 South Parc at Bethany Apartments 1,030,677 33,592 27 Levittown Mews Shopping Center 1,115,526 14,006 Waldbaums 28 Racal Instruments Headquarters 1,037,890 14,795 Raycal Instruments Headquarters 29 Mountain Marketplace 928,111 13,034 Food Lion 30 Lott Portfolio 1,390,609 45,300 30a Ark Self Storage - Smyrna 303,544 8,500 30b Ark Self Storage - Marietta 317,864 8,300 30c Ark Self Storage - Savannah 306,133 8,600 30d Ark Self Storage - Norcross 191,784 7,200 30e Ark Self Storage - Macon 164,575 7,000 30f Ark Self Storage - Douglas 106,709 5,700 31 Simi Valley Retail and Office Center 931,013 22,894 Various 31a Smart & Final Retail Center 820,022 18,568 Smart & Final Stores 31b Simi Valley Office Center 110,991 4,326 Simi Valley Hospital 32 Shoppes at Beacon Light 946,579 17,966 Publix Supermarkets, Inc. 33 Constitution Place 1,124,995 39,401 Taylor & Francis 34 Wildwood Ridge Apartments 929,568 73,150 35 Westlake Village Business Park 1,057,441 29,556 Allen Osbourne Associates 36 Clermont Towne Center 843,281 13,020 Kash N' Karry 37 Webster and Wayne Shopping Center 1,009,659 13,647 Treasure Island 38 Cherry Valley Plaza 885,338 11,371 Giant 39 Washington Square Medical Office Building 796,171 8,905 Shores II Professional Building, LLC 40 Randolph Plaza 784,842 43,052 Fry's Food & Drug 41 Broadmoor Apartments of St. Joseph 791,968 104,913 42 Boulders VI Office Building 787,129 16,288 Combined Insurance Company 43 Kierland Fairways Office Plaza 716,744 11,054 Patent III 44 Eastgate Square - Phase VI 802,594 5,438 Storehouse Furniture 45 Tall Oaks Shopping Center 693,842 14,391 Giant Food/Drug Store 46 Boulders VII Office Building 721,738 15,094 Educational Credit Management Corp. 47 Tanglewood Apartments 1,131,705 102,000 48 Greene Countrie Court 684,930 36,750 49 Belle Station 680,989 10,095 Food Lion 50 Farmer Jack Supermarket 670,908 8,722 Farmer Jack 51 Village Shops Plaza 681,644 13,266 Big Lots, Inc. Lease ID Property Name SF Expiration 2nd Largest Tenant -- ------------- -- ---------- ------------------ 1 Belz Outlet Center 22,299 7/31/2006 Nike Retail Services 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various Various 2a RREEF Textron Portfolio 10 year Various Various Various 2a1 I-290 Industrial Park 87,000 5/31/2003 Fiber Optic Network Solutions 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 45,938 9/1/2006 Linens and Things 2a4 Demonet Building 10,133 11/30/2003 Holliday Fenoglio 2a5 Dallas Industrial Portfolio 116,069 11/30/2006 Tuscarora, Inc. 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year Various Various Various 2b1 I-290 Industrial Park 87,000 5/31/2003 Fiber Optic Network Solutions 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 45,938 9/1/2006 Linens and Things 2b4 Demonet Building 10,133 11/30/2003 Holliday Fenoglio 2b5 Dallas Industrial Portfolio 116,069 11/30/2006 Tuscarora, Inc. 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 104,229 8/31/2012 AIG Financial Products Corp. 4 Cranston Parkade 103,672 5/31/2027 Stop & Shop 5 Fifth Third Center 105,925 11/30/2009 Brower Insurance 6 Mountain Square Shopping Center 102,864 1/31/2009 Vons/Pavilions 7 Cityview Centre 55,800 11/30/2013 Academy Sport 8 SLO Promenade 30,000 8/16/2020 Bed, Bath & Beyond 9 CNL Retail Portfolio Various Various 9a CNL Retail Portfolio - Barnes & Noble 35,000 2/1/2014 9b CNL Retail Portfolio - Borders Books 30,000 11/30/2015 9c CNL Retail Portfolio - Best Buy 46,520 9/21/2017 9d CNL Retail Portfolio - Kash 'N Karry 58,635 10/31/2016 9e CNL Retail Portfolio - Bed Bath & Beyond 40,000 1/31/2013 10 Valencia Corporate Plaza 79,127 6/30/2009 LA County DCFS 11 The Mansions at Delmar Village 12 1111 North Capitol Street Building 167,047 9/30/2011 13 3220 Tillman Drive 28,510 12/31/2003 Strategic Distribution 14 Great Southern Shopping Center 127,495 3/16/2024 Kroger 15 Celebration X 166,131 6/30/2014 16 North Decatur Square Shopping Center 63,419 9/30/2018 Hollywood Video 17 The Glen at Lafayette Hill 18 United Plaza XII 100,879 8/31/2011 Broadwing Communications 19 Raintree Apartments 20 11-15 Read's Way 50,304 4/30/2006 Christiana Care Health Plans 21 Highland Run East Apartments 22 Fire Mountain Shopping Center 11,000 9/30/2006 Trader Joe's 23 Park Del Amo 79,562 9/30/2007 ING North America Insurance Co 24 Parque View Apartments 25 Los Vallecitos Business Center 16,100 1/31/2003 Metropolitan Area Advisory Com 26 South Parc at Bethany Apartments 27 Levittown Mews Shopping Center 49,462 3/31/2014 Ulta 3 Cosmetics 28 Racal Instruments Headquarters 98,631 6/30/2022 29 Mountain Marketplace 43,859 10/31/2021 Dollar Tree 30 Lott Portfolio 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center Various Various Various 31a Smart & Final Retail Center 18,950 12/31/2009 Theresa's Country Feed 31b Simi Valley Office Center 7,250 7/31/2004 Consumer Net Marketplace 32 Shoppes at Beacon Light 27,887 5/31/2020 Worden's Art & Frame, Inc. 33 Constitution Place 14,928 2/28/2003 Arbor Associates 34 Wildwood Ridge Apartments 35 Westlake Village Business Park 15,110 4/30/2003 Zaca 36 Clermont Towne Center 49,500 11/16/2019 Crispers 37 Webster and Wayne Shopping Center 36,344 12/31/2007 Pottery Barn for Kids 38 Cherry Valley Plaza 58,248 5/31/2022 Blockbuster 39 Washington Square Medical Office Building 22,927 11/30/2016 Great Lakes Cancer Management 40 Randolph Plaza 61,561 3/31/2004 Big Lots 41 Broadmoor Apartments of St. Joseph 42 Boulders VI Office Building 20,301 10/31/2004 Manpower 43 Kierland Fairways Office Plaza 8,779 2/28/2003 Camelback Research Alliance 44 Eastgate Square - Phase VI 10,000 10/31/2008 Hallmark 45 Tall Oaks Shopping Center 38,763 10/31/2009 Saint Basil 46 Boulders VII Office Building 20,372 5/31/2008 AON Service Corporation 47 Tanglewood Apartments 48 Greene Countrie Court 49 Belle Station 34,506 10/24/2020 Appliance Town 50 Farmer Jack Supermarket 58,145 6/30/2021 51 Village Shops Plaza 23,000 1/31/2008 Rec. Factory Warehouse Lease ID Property Name SF Expiration 3rd Largest Tenant -- ------------- -- ---------- ------------------ 1 Belz Outlet Center 22,039 12/31/2007 Gap 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various Various 2a RREEF Textron Portfolio 10 year Various Various Various 2a1 I-290 Industrial Park 80,458 8/31/2010 Holman Enterprises 2a2 Marley Run Apartments 2a3 Bear Creek Village Shopping Center 36,324 3/26/2013 Rite Aid/Payless 2a4 Demonet Building 9,076 9/30/2007 Micra, Inc. 2a5 Dallas Industrial Portfolio 82,464 11/30/2004 Automotive Air International 2a6 Pointe at Crystal Lake 2a7 Lakeridge at the Moors 2b RREEF Textron Portfolio 7 year Various Various Various 2b1 I-290 Industrial Park 80,458 8/31/2010 Holman Enterprises 2b2 Marley Run Apartments 2b3 Bear Creek Village Shopping Center 36,324 3/26/2013 Rite Aid/Payless 2b4 Demonet Building 9,076 9/30/2007 Micra, Inc. 2b5 Dallas Industrial Portfolio 82,464 11/30/2004 Automotive Air International 2b6 Pointe at Crystal Lake 2b7 Lakeridge at the Moors 3 50 Danbury Road 65,584 3/31/2017 Alea North American Company 4 Cranston Parkade 66,078 11/30/2021 AJ Wright 5 Fifth Third Center 18,239 6/30/2005 General Services Administration 6 Mountain Square Shopping Center 63,748 12/31/2008 Staples 7 Cityview Centre 45,000 3/31/2008 Loews Ft. Worth 8 SLO Promenade 30,000 1/31/2011 Staples 9 CNL Retail Portfolio 9a CNL Retail Portfolio - Barnes & Noble 9b CNL Retail Portfolio - Borders Books 9c CNL Retail Portfolio - Best Buy 9d CNL Retail Portfolio - Kash 'N Karry 9e CNL Retail Portfolio - Bed Bath & Beyond 10 Valencia Corporate Plaza 34,790 5/31/2012 North Los Angeles County Region Center 11 The Mansions at Delmar Village 12 1111 North Capitol Street Building 13 3220 Tillman Drive 18,769 11/30/2004 Healthcare Services G 14 Great Southern Shopping Center 61,387 9/30/2013 Big Bear 15 Celebration X 16 North Decatur Square Shopping Center 7,540 2/16/2014 Los Bravos 17 The Glen at Lafayette Hill 18 United Plaza XII 51,622 4/9/2005 19 Raintree Apartments 20 11-15 Read's Way 28,848 11/30/2007 Wesley College 21 Highland Run East Apartments 22 Fire Mountain Shopping Center 10,395 12/31/2006 Bookstar (Barnes & Noble) 23 Park Del Amo 13,464 9/30/2004 THIPA Mgmt. Consultants, Inc. 24 Parque View Apartments 25 Los Vallecitos Business Center 14,032 8/31/2004 SD Reg. Center-Dev Dis (EF) 26 South Parc at Bethany Apartments 27 Levittown Mews Shopping Center 9,000 6/30/2006 Petco 28 Racal Instruments Headquarters 29 Mountain Marketplace 9,000 12/31/2006 Mr. Tire 30 Lott Portfolio 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center Various Various Various 31a Smart & Final Retail Center 13,765 38564 World Music 31b Simi Valley Office Center 7,202 37741 Gable Real Estate 32 Shoppes at Beacon Light 4,500 6/30/2006 Blockbuster Inc. 33 Constitution Place 14,360 4/30/2004 Robert Plan of New York 34 Wildwood Ridge Apartments 35 Westlake Village Business Park 12,208 12/31/2002 Jesdan/Johnstone Supply 36 Clermont Towne Center 4,800 4/30/2010 Conte Bicycle & Fitness 37 Webster and Wayne Shopping Center 10,300 12/31/2015 Marvelous Party 38 Cherry Valley Plaza 5,100 10/31/2002 Speedy Muffler King 39 Washington Square Medical Office Building 8,223 11/30/2016 Hall Road Development, LLC 40 Randolph Plaza 20,200 1/31/2004 DAV Thrift Stores 41 Broadmoor Apartments of St. Joseph 42 Boulders VI Office Building 11,484 10/31/2003 Virginia Cardiovascular Specia 43 Kierland Fairways Office Plaza 5,860 6/9/2006 Pinnacle Risk Management 44 Eastgate Square - Phase VI 5,600 2/28/2005 Modern Woman 45 Tall Oaks Shopping Center 4,720 10/31/2009 Video Warehouse 46 Boulders VII Office Building 17,458 11/30/2006 Broughton Systems 47 Tanglewood Apartments 48 Greene Countrie Court 49 Belle Station 5,200 8/14/2006 Pic A Flick 50 Farmer Jack Supermarket 51 Village Shops Plaza 10,018 2/28/2003 Tony Roma's Lease Occupancy ID Property Name SF Expiration Rate -- ------------- -- ---------- ---- 1 Belz Outlet Center 15,067 1/31/2005 91.62% 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various Various 93.69% 2a RREEF Textron Portfolio 10 year Various Various 93.69% 2a1 I-290 Industrial Park 73,504 2/28/2006 94.90% 2a2 Marley Run Apartments 95.80% 2a3 Bear Creek Village Shopping Center 21,250 9/21/2006 98.20% 2a4 Demonet Building 7,900 3/31/2007 88.50% 2a5 Dallas Industrial Portfolio 72,307 11/30/2004 93.80% 2a6 Pointe at Crystal Lake 91.10% 2a7 Lakeridge at the Moors 90.90% 2b RREEF Textron Portfolio 7 year Various Various 93.69% 2b1 I-290 Industrial Park 73,504 2/28/2006 94.90% 2b2 Marley Run Apartments 95.80% 2b3 Bear Creek Village Shopping Center 21,250 9/21/2006 98.20% 2b4 Demonet Building 7,900 3/31/2007 88.50% 2b5 Dallas Industrial Portfolio 72,307 11/30/2004 93.80% 2b6 Pointe at Crystal Lake 91.10% 2b7 Lakeridge at the Moors 90.90% 3 50 Danbury Road 20,737 3/31/2012 96.10% 4 Cranston Parkade 23,696 3/31/2012 96.60% 5 Fifth Third Center 14,394 6/30/2005 86.10% 6 Mountain Square Shopping Center 24,133 8/31/2008 94.30% 7 Cityview Centre 37,045 12/31/2027 92.70% 8 SLO Promenade 24,063 12/31/2015 100.00% 9 CNL Retail Portfolio 100.00% 9a CNL Retail Portfolio - Barnes & Noble 100.00% 9b CNL Retail Portfolio - Borders Books 100.00% 9c CNL Retail Portfolio - Best Buy 100.00% 9d CNL Retail Portfolio - Kash 'N Karry 100.00% 9e CNL Retail Portfolio - Bed Bath & Beyond 100.00% 10 Valencia Corporate Plaza 10,743 7/31/2008 100.00% 11 The Mansions at Delmar Village 96.10% 12 1111 North Capitol Street Building 100.00% 13 3220 Tillman Drive 16,195 10/31/2005 89.60% 14 Great Southern Shopping Center 44,960 9/17/2013 90.88% 15 Celebration X 100.00% 16 North Decatur Square Shopping Center 7,000 1/31/2005 98.80% 17 The Glen at Lafayette Hill 98.60% 18 United Plaza XII 100.00% 19 Raintree Apartments 91.60% 20 11-15 Read's Way 26,418 8/31/2008 90.86% 21 Highland Run East Apartments 91.70% 22 Fire Mountain Shopping Center 9,981 3/30/2003 92.70% 23 Park Del Amo 8,840 1/31/2007 89.00% 24 Parque View Apartments 94.60% 25 Los Vallecitos Business Center 12,206 6/30/2003 97.92% 26 South Parc at Bethany Apartments 96.10% 27 Levittown Mews Shopping Center 8,095 12/31/2004 100.00% 28 Racal Instruments Headquarters 100.00% 29 Mountain Marketplace 6,624 1/31/2012 92.07% 30 Lott Portfolio 84.21% 30a Ark Self Storage - Smyrna 80.70% 30b Ark Self Storage - Marietta 88.00% 30c Ark Self Storage - Savannah 95.10% 30d Ark Self Storage - Norcross 70.90% 30e Ark Self Storage - Macon 79.50% 30f Ark Self Storage - Douglas 90.10% 31 Simi Valley Retail and Office Center Various Various 98.38% 31a Smart & Final Retail Center 9,897 38472 98.00% 31b Simi Valley Office Center 2,850 37621 100.00% 32 Shoppes at Beacon Light 3,595 6/30/2007 95.40% 33 Constitution Place 11,340 12/31/2003 92.60% 34 Wildwood Ridge Apartments 95.90% 35 Westlake Village Business Park 6,156 11/30/2002 100.00% 36 Clermont Towne Center 3,600 7/4/2007 98.20% 37 Webster and Wayne Shopping Center 5,451 10/31/2007 100.00% 38 Cherry Valley Plaza 3,608 2/28/2006 96.51% 39 Washington Square Medical Office Building 4,016 11/30/2016 100.00% 40 Randolph Plaza 16,380 9/30/2003 97.30% 41 Broadmoor Apartments of St. Joseph 78.40% 42 Boulders VI Office Building 10,456 11/30/2007 100.00% 43 Kierland Fairways Office Plaza 5,704 7/31/2003 93.63% 44 Eastgate Square - Phase VI 4,660 4/30/2009 90.25% 45 Tall Oaks Shopping Center 4,320 3/31/2007 100.00% 46 Boulders VII Office Building 8,826 8/31/2007 88.30% 47 Tanglewood Apartments 96.60% 48 Greene Countrie Court 98.64% 49 Belle Station 5,200 11/14/2004 98.25% 50 Farmer Jack Supermarket 100.00% 51 Village Shops Plaza 5,750 10/31/2006 97.80% Upfront Ongoing Actual Actual Occupancy Replacement Replacement ID Property Name As-of Date Reserves Reserves -- ------------- ---------- -------- -------- 1 Belz Outlet Center 3/31/2002 7,972 7,972 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various - - 2a RREEF Textron Portfolio 10 year Various - - 2a1 I-290 Industrial Park 6/25/2002 - - 2a2 Marley Run Apartments 6/25/2002 - - 2a3 Bear Creek Village Shopping Center 6/25/2002 - - 2a4 Demonet Building 6/25/2002 - - 2a5 Dallas Industrial Portfolio 6/25/2002 - - 2a6 Pointe at Crystal Lake 6/25/2002 - - 2a7 Lakeridge at the Moors 6/24/2002 - - 2b RREEF Textron Portfolio 7 year Various - - 2b1 I-290 Industrial Park 6/25/2002 - - 2b2 Marley Run Apartments 6/25/2002 - - 2b3 Bear Creek Village Shopping Center 6/25/2002 - - 2b4 Demonet Building 6/25/2002 - - 2b5 Dallas Industrial Portfolio 6/25/2002 - - 2b6 Pointe at Crystal Lake 6/25/2002 - - 2b7 Lakeridge at the Moors 6/24/2002 - - 3 50 Danbury Road 6/26/2002 - 3,651 4 Cranston Parkade 7/29/2002 3,240 3,240 5 Fifth Third Center 8/1/2002 - 4,910 6 Mountain Square Shopping Center 5/31/2002 - 4,553 7 Cityview Centre 6/1/2002 140,000 - 8 SLO Promenade 6/18/2002 - - 9 CNL Retail Portfolio 5/1/2002 - - 9a CNL Retail Portfolio - Barnes & Noble 5/1/2002 - - 9b CNL Retail Portfolio - Borders Books 5/1/2002 - - 9c CNL Retail Portfolio - Best Buy 5/1/2002 - - 9d CNL Retail Portfolio - Kash 'N Karry 5/1/2002 - - 9e CNL Retail Portfolio - Bed Bath & Beyond 5/1/2002 - - 10 Valencia Corporate Plaza 6/1/2002 14,427 - 11 The Mansions at Delmar Village 5/31/2002 - 3,867 12 1111 North Capitol Street Building 4/1/2002 - 2,784 13 3220 Tillman Drive 7/26/2002 1,788 1,788 14 Great Southern Shopping Center 6/21/2002 - - 15 Celebration X 6/28/2002 - - 16 North Decatur Square Shopping Center 6/21/2002 - 1,704 17 The Glen at Lafayette Hill 6/17/2002 - - 18 United Plaza XII 5/14/2002 - 2,540 19 Raintree Apartments 5/31/2002 10,000 10,000 20 11-15 Read's Way 6/1/2002 2,142 2,142 21 Highland Run East Apartments 8/2/2002 - 6,875 22 Fire Mountain Shopping Center 5/31/2002 - 1,540 23 Park Del Amo 8/1/2002 - 3,676 24 Parque View Apartments 6/20/2002 - 7,450 25 Los Vallecitos Business Center 6/6/2002 - - 26 South Parc at Bethany Apartments 4/1/2002 - 2,798 27 Levittown Mews Shopping Center 7/1/2002 1,167 1,167 28 Racal Instruments Headquarters 4/1/2002 - - 29 Mountain Marketplace 3/31/2002 1,086 1,086 30 Lott Portfolio 7/2/2002 - 3,800 30a Ark Self Storage - Smyrna 7/2/2002 30b Ark Self Storage - Marietta 7/2/2002 30c Ark Self Storage - Savannah 7/2/2002 30d Ark Self Storage - Norcross 7/2/2002 30e Ark Self Storage - Macon 7/2/2002 30f Ark Self Storage - Douglas 7/2/2002 31 Simi Valley Retail and Office Center 8/1/2002 - 1,149 31a Smart & Final Retail Center 8/1/2002 31b Simi Valley Office Center 8/1/2002 32 Shoppes at Beacon Light 8/6/2002 - - 33 Constitution Place 6/3/2002 - - 34 Wildwood Ridge Apartments 5/6/2002 - 5,808 35 Westlake Village Business Park 5/31/2002 - - 36 Clermont Towne Center 7/11/2002 - - 37 Webster and Wayne Shopping Center 8/1/2002 1,137 1,137 38 Cherry Valley Plaza 7/31/2002 - - 39 Washington Square Medical Office Building 6/27/2002 - 500 40 Randolph Plaza 5/31/2002 - 3,608 41 Broadmoor Apartments of St. Joseph 5/31/2002 - 8,663 42 Boulders VI Office Building 3/12/2002 - 1,357 43 Kierland Fairways Office Plaza 8/1/2002 - 461 44 Eastgate Square - Phase VI 7/1/2002 453 453 45 Tall Oaks Shopping Center 6/20/2002 - 1,199 46 Boulders VII Office Building 4/4/2002 - 1,258 47 Tanglewood Apartments 5/23/2002 - - 48 Greene Countrie Court 5/23/2002 3,063 3,063 49 Belle Station 5/9/2002 561 561 50 Farmer Jack Supermarket 9/1/2001 44,000(LOC) - 51 Village Shops Plaza 6/30/2002 - 1,106 Upfront Monthly Monthly Tax ID Property Name TI/LC TI/LC Escrow -- ------------- ----- ----- ------ 1 Belz Outlet Center 40,000 40,000 115,833 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year - - - 2a RREEF Textron Portfolio 10 year - - - 2a1 I-290 Industrial Park - - - 2a2 Marley Run Apartments - - - 2a3 Bear Creek Village Shopping Center - - - 2a4 Demonet Building - - - 2a5 Dallas Industrial Portfolio - - - 2a6 Pointe at Crystal Lake - - - 2a7 Lakeridge at the Moors - - - 2b RREEF Textron Portfolio 7 year - - - 2b1 I-290 Industrial Park - - - 2b2 Marley Run Apartments - - - 2b3 Bear Creek Village Shopping Center - - - 2b4 Demonet Building - - - 2b5 Dallas Industrial Portfolio - - - 2b6 Pointe at Crystal Lake - - - 2b7 Lakeridge at the Moors - - - 3 50 Danbury Road - 19,000(10) 29,060 4 Cranston Parkade - 8,333 39,670 5 Fifth Third Center - 31,750 41,957 6 Mountain Square Shopping Center - 16,800 58,933 7 Cityview Centre 325,000 - 68,494 8 SLO Promenade - - 25,877 9 CNL Retail Portfolio - - - 9a CNL Retail Portfolio - Barnes & Noble - - - 9b CNL Retail Portfolio - Borders Books - - - 9c CNL Retail Portfolio - Best Buy - - - 9d CNL Retail Portfolio - Kash 'N Karry - - - 9e CNL Retail Portfolio - Bed Bath & Beyond - - - 10 Valencia Corporate Plaza 4,167 4,167 23,551 11 The Mansions at Delmar Village - - 12,455 12 1111 North Capitol Street Building - 36,250(11) 24,063 13 3220 Tillman Drive 12,500 12,500 26,353 14 Great Southern Shopping Center - - 32,359 15 Celebration X - - - 16 North Decatur Square Shopping Center - 2,000 15,392 17 The Glen at Lafayette Hill - - 15,927 18 United Plaza XII - 11,000 17,989 19 Raintree Apartments - - 13,465 20 11-15 Read's Way - - 9,112 21 Highland Run East Apartments - - 14,367 22 Fire Mountain Shopping Center - 8,334 7,015 23 Park Del Amo - - - 24 Parque View Apartments - - 23,779 25 Los Vallecitos Business Center - - 10,737 26 South Parc at Bethany Apartments - - 12,838 27 Levittown Mews Shopping Center 3,083 3,083 56,158 28 Racal Instruments Headquarters - - - 29 Mountain Marketplace - - 5,739 30 Lott Portfolio - - 9,905 30a Ark Self Storage - Smyrna 30b Ark Self Storage - Marietta 30c Ark Self Storage - Savannah 30d Ark Self Storage - Norcross 30e Ark Self Storage - Macon 30f Ark Self Storage - Douglas 31 Simi Valley Retail and Office Center - 10,000(12) 5,179 31a Smart & Final Retail Center 31b Simi Valley Office Center 32 Shoppes at Beacon Light - - 9,015 33 Constitution Place - - - 34 Wildwood Ridge Apartments - - 21,686 35 Westlake Village Business Park - - 7,243 36 Clermont Towne Center - 2,917 12,084 37 Webster and Wayne Shopping Center - - 26,170 38 Cherry Valley Plaza - - 4,437 39 Washington Square Medical Office Building - 4,000 10,734 40 Randolph Plaza - 13,350 27,036 41 Broadmoor Apartments of St. Joseph - - 6,306 42 Boulders VI Office Building 50,000 9,700 7,127 43 Kierland Fairways Office Plaza - - 14,020 44 Eastgate Square - Phase VI 1,842 1,842 9,078 45 Tall Oaks Shopping Center - - 8,428 46 Boulders VII Office Building - 4,700 6,511 47 Tanglewood Apartments - - 14,637 48 Greene Countrie Court - - 7,645 49 Belle Station - - 6,623 50 Farmer Jack Supermarket 20,000(LOC) - - 51 Village Shops Plaza 50,000 5,000 11,398 Monthly Insurance Environmental Engineering ID Property Name Escrow Report Date Report Date -- ------------- ------ ----------- ----------- 1 Belz Outlet Center 15,584 4/11/2002 4/11/2002 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year - Various Various 2a RREEF Textron Portfolio 10 year - Various Various 2a1 I-290 Industrial Park - 7/16/2001 6/25/2001 2a2 Marley Run Apartments - 4/26/2001 5/11/2001 2a3 Bear Creek Village Shopping Center - 3/8/2002 3/8/2002 2a4 Demonet Building - 3/8/2002 3/8/2002 2a5 Dallas Industrial Portfolio - 3/8/2002 3/8/2002 2a6 Pointe at Crystal Lake - 3/8/2002 3/8/2002 2a7 Lakeridge at the Moors - 3/8/2002 3/8/2002 2b RREEF Textron Portfolio 7 year - Various Various 2b1 I-290 Industrial Park - 7/16/2001 6/25/2001 2b2 Marley Run Apartments - 4/26/2001 5/11/2001 2b3 Bear Creek Village Shopping Center - 3/8/2002 3/8/2002 2b4 Demonet Building - 3/8/2002 3/8/2002 2b5 Dallas Industrial Portfolio - 3/8/2002 3/8/2002 2b6 Pointe at Crystal Lake - 3/8/2002 3/8/2002 2b7 Lakeridge at the Moors - 3/8/2002 3/8/2002 3 50 Danbury Road - 6/26/2002 6/26/2002 4 Cranston Parkade 5,771 5/24/2002 5/23/2002 5 Fifth Third Center 6,103 6/26/2002 6/21/2002 6 Mountain Square Shopping Center 7,217 8/15/2001 10/5/2001 7 Cityview Centre 7,977 5/10/2002 6/25/2002 8 SLO Promenade 6,417 10/30/2001 11/14/2001 9 CNL Retail Portfolio - Various Various 9a CNL Retail Portfolio - Barnes & Noble - 5/1/2002 5/1/2002 9b CNL Retail Portfolio - Borders Books - 5/1/2002 5/1/2002 9c CNL Retail Portfolio - Best Buy - 4/30/2002 5/1/2002 9d CNL Retail Portfolio - Kash 'N Karry - 5/2/2002 5/2/2002 9e CNL Retail Portfolio - Bed Bath & Beyond - 5/2/2002 5/2/2002 10 Valencia Corporate Plaza - NAP 8/6/2002 11 The Mansions at Delmar Village 5,082 5/3/2002 4/24/2002 12 1111 North Capitol Street Building 2,196 4/15/2002 4/13/2002 13 3220 Tillman Drive 491 3/28/2002 3/28/2002 14 Great Southern Shopping Center - 10/16/2001 10/9/2001 15 Celebration X - 7/16/2002 7/15/2002 16 North Decatur Square Shopping Center 2,563 5/16/2002 5/16/2002 17 The Glen at Lafayette Hill 3,477 6/12/2002 6/14/2002 18 United Plaza XII 5,796 12/31/2001 12/28/2001 19 Raintree Apartments 8,466 6/26/2002 6/25/2002 20 11-15 Read's Way 2,240 7/11/2002 7/10/2002 21 Highland Run East Apartments 4,351 7/8/2002 7/8/2002 22 Fire Mountain Shopping Center 1,495 8/15/2001 8/15/2001 23 Park Del Amo - 6/25/2002 6/14/2002 24 Parque View Apartments 8,595 5/17/2002 5/17/2002 25 Los Vallecitos Business Center 2,625 6/26/2002 6/28/2002 26 South Parc at Bethany Apartments 4,097 3/28/2002 3/21/2002 27 Levittown Mews Shopping Center 3,863 7/17/2002 7/19/2002 28 Racal Instruments Headquarters - 7/24/2002 7/1/2002 29 Mountain Marketplace 736 4/19/2002 5/1/2002 30 Lott Portfolio 3,119 Various 12/19/2001 30a Ark Self Storage - Smyrna 12/20/2001 12/19/2001 30b Ark Self Storage - Marietta 12/20/2001 12/19/2001 30c Ark Self Storage - Savannah 12/20/2001 12/19/2001 30d Ark Self Storage - Norcross 12/20/2001 12/19/2001 30e Ark Self Storage - Macon 12/20/2001 12/19/2001 30f Ark Self Storage - Douglas 12/21/2001 12/19/2001 31 Simi Valley Retail and Office Center 3,141 5/2/2002 6/7/2002 31a Smart & Final Retail Center 5/2/2002 6/7/2002 31b Simi Valley Office Center 5/2/2002 6/7/2002 32 Shoppes at Beacon Light - 6/14/2002 6/13/2002 33 Constitution Place - 7/22/2002 6/14/2002 34 Wildwood Ridge Apartments 6,949 5/21/2002 5/16/2002 35 Westlake Village Business Park - 5/21/2002 5/17/2002 36 Clermont Towne Center - 7/25/2002 8/15/2002 37 Webster and Wayne Shopping Center 1,600 7/9/2002 7/8/2002 38 Cherry Valley Plaza 648 3/14/2002 3/14/2002 39 Washington Square Medical Office Building 853 9/14/2001 9/14/2001 40 Randolph Plaza 2,480 8/15/2001 8/15/2001 41 Broadmoor Apartments of St. Joseph 7,134 11/13/2001 11/13/2001 42 Boulders VI Office Building 1,279 4/15/2002 4/15/2002 43 Kierland Fairways Office Plaza 911 4/2/2002 4/2/2002 44 Eastgate Square - Phase VI 617 1/29/2002 6/8/2001 45 Tall Oaks Shopping Center 380 3/6/2002 3/6/2002 46 Boulders VII Office Building 1,230 4/15/2002 4/15/2002 47 Tanglewood Apartments 3,407 5/16/2002 5/16/2002 48 Greene Countrie Court - 6/10/2002 6/10/2002 49 Belle Station 1,224 6/11/2002 6/19/2002 50 Farmer Jack Supermarket - 8/14/2001 8/21/2001 51 Village Shops Plaza 3,316 10/31/2001 11/2/2001 Appraisal ID Property Name As-of Date -- ------------- ---------- 1 Belz Outlet Center 4/11/2002 2 RREEF Textron Portfolio 10 year & RREEF Textron Portfolio 7 year Various 2a RREEF Textron Portfolio 10 year Various 2a1 I-290 Industrial Park 4/1/2002 2a2 Marley Run Apartments 3/5/2002 2a3 Bear Creek Village Shopping Center 3/1/2002 2a4 Demonet Building 3/1/2002 2a5 Dallas Industrial Portfolio 3/13/2002 2a6 Pointe at Crystal Lake 3/6/2002 2a7 Lakeridge at the Moors 3/6/2002 2b RREEF Textron Portfolio 7 year Various 2b1 I-290 Industrial Park 4/1/2002 2b2 Marley Run Apartments 3/5/2002 2b3 Bear Creek Village Shopping Center 3/1/2002 2b4 Demonet Building 3/1/2002 2b5 Dallas Industrial Portfolio 3/13/2002 2b6 Pointe at Crystal Lake 3/6/2002 2b7 Lakeridge at the Moors 3/6/2002 3 50 Danbury Road 9/1/2002 4 Cranston Parkade 6/1/2002 5 Fifth Third Center 6/19/2002 6 Mountain Square Shopping Center 8/24/2001 7 Cityview Centre 5/1/2002 8 SLO Promenade 5/19/2002 9 CNL Retail Portfolio Various 9a CNL Retail Portfolio - Barnes & Noble 4/25/2002 9b CNL Retail Portfolio - Borders Books 4/25/2002 9c CNL Retail Portfolio - Best Buy 4/25/2002 9d CNL Retail Portfolio - Kash 'N Karry 4/25/2002 9e CNL Retail Portfolio - Bed Bath & Beyond 5/1/2002 10 Valencia Corporate Plaza 7/16/2002 11 The Mansions at Delmar Village 4/1/2002 12 1111 North Capitol Street Building 3/19/2002 13 3220 Tillman Drive 3/19/2002 14 Great Southern Shopping Center 9/13/2001 15 Celebration X 7/1/2002 16 North Decatur Square Shopping Center 2/19/2002 17 The Glen at Lafayette Hill 6/5/2002 18 United Plaza XII 4/23/2002 19 Raintree Apartments 6/10/2002 20 11-15 Read's Way 7/12/2002 21 Highland Run East Apartments 6/29/2002 22 Fire Mountain Shopping Center 8/8/2001 23 Park Del Amo 6/4/2002 24 Parque View Apartments 5/16/2002 25 Los Vallecitos Business Center 6/27/2002 26 South Parc at Bethany Apartments 3/13/2002 27 Levittown Mews Shopping Center 7/25/2002 28 Racal Instruments Headquarters 5/6/2002 29 Mountain Marketplace 5/22/2002 30 Lott Portfolio Various 30a Ark Self Storage - Smyrna 12/14/2001 30b Ark Self Storage - Marietta 12/14/2001 30c Ark Self Storage - Savannah 12/19/2001 30d Ark Self Storage - Norcross 12/14/2001 30e Ark Self Storage - Macon 12/14/2001 30f Ark Self Storage - Douglas 12/19/2001 31 Simi Valley Retail and Office Center 5/1/2002 31a Smart & Final Retail Center 5/1/2002 31b Simi Valley Office Center 5/1/2002 32 Shoppes at Beacon Light 5/31/2002 33 Constitution Place 6/11/2002 34 Wildwood Ridge Apartments 5/3/2002 35 Westlake Village Business Park 5/10/2002 36 Clermont Towne Center 5/2/2002 37 Webster and Wayne Shopping Center 6/21/2002 38 Cherry Valley Plaza 3/22/2002 39 Washington Square Medical Office Building 12/31/2001 40 Randolph Plaza 8/20/2001 41 Broadmoor Apartments of St. Joseph 11/1/2001 42 Boulders VI Office Building 4/2/2002 43 Kierland Fairways Office Plaza 3/22/2002 44 Eastgate Square - Phase VI 6/6/2001 45 Tall Oaks Shopping Center 2/1/2002 46 Boulders VII Office Building 4/2/2002 47 Tanglewood Apartments 4/8/2002 48 Greene Countrie Court 6/6/2002 49 Belle Station 5/13/2002 50 Farmer Jack Supermarket 8/21/2001 51 Village Shops Plaza 10/16/2001 52 Celebration VII 0.62% 1 BSCMI 53 Montecito Apartments 0.61% 1 PMCF 54 701 Del Norte 0.59% 1 PMCF 55 Port Royal Village 0.58% 1 PMCF 56 Corvallis Apartment Portfolio 0.57% 3 WFB 57 Gettysburg Shopping Center 0.57% 1 WFB 58 Capistrano Surf Center 0.54% 1 BSCMI 59 Ardentech Court 0.54% 1 WFB 60 L&R Auto Park - Broadway 0.54% 1 BSCMI 61 Valencia Executive Plaza 0.53% 1 PMCF 62 CVS Portfolio 0.53% 3 BSCMI 62a CVS Portfolio - Bethlehem 0.27% BSCMI 62b CVS Portfolio - Hellertown 0.14% BSCMI 62c CVS Portfolio - Lehigh Street 0.12% BSCMI 63 Weber Street Building 0.53% 1 PMCF 64 Williamsburg Village Shopping Center 0.50% 1 PMCF 65 Main Street Shopping Center 0.47% 1 WFB 66 Audubon Square 0.46% 1 BSCMI 67 Target Shopping Center 0.46% 1 BSCMI 68 Seville Plaza Shopping Center 0.45% 1 PMCF 69 Crystal Springs Shopping Center 0.44% 1 BSCMI 70 Woods at Southlake 0.42% 1 PMCF 71 Brookhollow Business Park 0.42% 1 PMCF 72 Anna's Vineyard Apartments 0.41% 1 PMCF 73 Bullard West Apartments 0.41% 1 WFB 74 Hastings Drive 0.41% 1 PMCF 75 Abbey House 0.40% 1 BSCMI 76 Railroad Industrial 0.39% 1 PMCF 77 West Allen Plaza 0.38% 1 PMCF 78 1 & 3 Marcus Boulevard 0.38% 1 PMCF 79 Stratford Arms Apartments 0.37% 1 PMCF 80 First and Cedar Building 0.36% 1 PMCF 81 Shenandoah Square 0.34% 1 PMCF 82 Southfield Commerce Center 0.34% 1 PMCF 83 Eckerd Drug Portfolio 0.33% 2 BSCMI 83a Eckerd Drug - Spartanburg 0.17% BSCMI 83b Eckerd Drug - Greenville 0.17% BSCMI 84 Heather Glen Apartments 0.33% 1 PMCF 85 Hathaway Building 0.32% 1 WFB 86 Gelb Plaza-Encino 0.32% 1 WFB 87 Bryman Office 0.32% 1 WFB 88 Braeswood Atrium 0.32% 1 PMCF 89 Westcreek and California Garden Apartments 0.31% 1 PMCF 90 East Grand Business Center 0.31% 1 PMCF 91 Cambridge Square Apartments 0.30% 1 WFB 92 Juliet Office Park - Building C & D 0.30% 1 PMCF 93 Otis Spunkmeyer Headquarters 0.30% 1 WFB 94 Burgundy House Apartments 0.30% 1 WFB 95 Golden Estates 0.30% 1 WFB 96 4350 - 4374 Transport Street 0.27% 1 PMCF 97 Bedrosian Industrial Building 0.27% 1 PMCF 98 Hazel Crest Shopping Center 0.26% 1 PMCF 99 High Voltage Breakers Building 0.25% 1 WFB 100 800 South Industry 0.25% 1 PMCF 101 South Garfield Avenue 0.25% 1 WFB 102 Belvedere Tiburon Office Park 0.24% 1 PMCF 103 Heritage Apartments 0.24% 1 WFB 104 West Walnut Street 0.24% 1 WFB 105 Creekstone Duplexes 44 0.24% 1 BSCMI 106 Buena Park Shopping Center 0.23% 1 BSCMI 107 Sunset Village 0.23% 1 WFB 108 Tanglewood Apartments 0.23% 1 WFB 109 Chaparral Plaza 0.23% 1 WFB 110 Villas at the Woodlands Apartments 0.23% 1 PMCF 111 Creekstone Duplexes 42 0.22% 1 BSCMI 112 Eastowne Plaza II 0.22% 1 PMCF 113 Handy Storage 0.22% 1 PMCF 114 Golden State Business Park 0.21% 1 WFB 115 PETsMART, Dallas, TX 0.19% 1 WFB 116 The Michigan Building and The V Building 0.19% 2 PMCF 116a The Michigan Building 0.10% PMCF 116b The V Building 0.09% PMCF 117 Brentwood House Shopping Center 0.18% 1 WFB 118 Fairground Village 0.18% 1 WFB 119 Elsinore/Staples Store 0.18% 1 WFB 120 Puerto Vista Mobile Estates 0.15% 1 WFB 121 Hickory Hollow Shopping Center 0.14% 1 WFB 122 Commercenter Business Park 0.13% 1 WFB 123 San Rafael Business Center 0.12% 1 WFB 124 Desert Sage Apartments 0.12% 1 WFB 125 Garfield Avenue 0.11% 1 WFB 52 Celebration VII 5,700,000 5,700,000 Office 53 Montecito Apartments 5,700,000 5,655,388 Multifamily 54 701 Del Norte 5,400,000 5,389,224 Industrial 55 Port Royal Village 5,362,500 5,340,895 Manufactured Housing 56 Corvallis Apartment Portfolio 5,300,000 5,283,980 Multifamily 57 Gettysburg Shopping Center 5,300,000 5,242,577 Retail 58 Capistrano Surf Center 5,000,000 4,989,594 Office 59 Ardentech Court 5,000,000 4,984,127 Industrial 60 L&R Auto Park - Broadway 4,990,000 4,974,237 Other 61 Valencia Executive Plaza 4,900,000 4,889,029 Office 62 CVS Portfolio 4,900,000 4,887,662 Retail 62a CVS Portfolio - Bethlehem 2,500,000 2,493,705 Retail 62b CVS Portfolio - Hellertown 1,250,000 1,246,852 Retail 62c CVS Portfolio - Lehigh Street 1,150,000 1,147,104 Retail 63 Weber Street Building 4,850,000 4,838,755 Office 64 Williamsburg Village Shopping Center 4,700,000 4,645,411 Retail 65 Main Street Shopping Center 4,300,000 4,296,113 Retail 66 Audubon Square 4,200,000 4,196,348 Retail 67 Target Shopping Center 4,192,000 4,192,000 Retail 68 Seville Plaza Shopping Center 4,200,000 4,172,037 Retail 69 Crystal Springs Shopping Center 4,070,000 4,070,000 Retail 70 Woods at Southlake 3,900,000 3,875,399 Multifamily 71 Brookhollow Business Park 4,000,000 3,825,454 Industrial 72 Anna's Vineyard Apartments 3,797,368 3,794,757 Multifamily 73 Bullard West Apartments 3,800,000 3,791,673 Multifamily 74 Hastings Drive 3,750,000 3,743,043 Industrial 75 Abbey House 3,700,000 3,694,376 Multifamily 76 Railroad Industrial 3,600,000 3,595,156 Industrial 77 West Allen Plaza 3,550,000 3,540,644 Retail 78 1 & 3 Marcus Boulevard 3,500,000 3,484,402 Office 79 Stratford Arms Apartments 3,450,000 3,428,238 Multifamily 80 First and Cedar Building 3,400,000 3,324,804 Office 81 Shenandoah Square 3,135,000 3,127,306 Retail 82 Southfield Commerce Center 3,125,000 3,105,989 Industrial 83 Eckerd Drug Portfolio 3,082,000 3,082,000 Retail 83a Eckerd Drug - Spartanburg 1,541,600 1,541,600 Retail 83b Eckerd Drug - Greenville 1,540,400 1,540,400 Retail 84 Heather Glen Apartments 3,000,000 2,997,325 Multifamily 85 Hathaway Building 3,000,000 2,993,158 Office 86 Gelb Plaza-Encino 3,000,000 2,981,793 Office 87 Bryman Office 3,000,000 2,978,142 Office 88 Braeswood Atrium 2,960,000 2,951,618 Multifamily 89 Westcreek and California Garden Apartments 2,905,000 2,896,008 Multifamily 90 East Grand Business Center 2,850,000 2,830,708 Industrial 91 Cambridge Square Apartments 2,820,000 2,804,647 Multifamily 92 Juliet Office Park - Building C & D 2,800,000 2,784,338 Office 93 Otis Spunkmeyer Headquarters 2,750,000 2,743,729 Industrial 94 Burgundy House Apartments 2,756,000 2,737,216 Multifamily 95 Golden Estates 2,750,000 2,732,306 Manufactured Housing 96 4350 - 4374 Transport Street 2,530,000 2,526,173 Industrial 97 Bedrosian Industrial Building 2,450,000 2,445,094 Industrial 98 Hazel Crest Shopping Center 2,375,000 2,357,336 Retail 99 High Voltage Breakers Building 2,350,000 2,344,893 Industrial 100 800 South Industry 2,300,000 2,297,453 Industrial 101 South Garfield Avenue 2,300,000 2,291,672 Industrial 102 Belvedere Tiburon Office Park 2,250,000 2,243,706 Office 103 Heritage Apartments 2,230,000 2,214,801 Multifamily 104 West Walnut Street 2,190,000 2,182,070 Industrial 105 Creekstone Duplexes 44 2,175,000 2,171,733 Multifamily 106 Buena Park Shopping Center 2,150,000 2,143,645 Retail 107 Sunset Village 2,150,000 2,139,897 Retail 108 Tanglewood Apartments 2,140,000 2,125,414 Multifamily 109 Chaparral Plaza 2,125,000 2,114,770 Retail 110 Villas at the Woodlands Apartments 2,080,000 2,073,257 Multifamily 111 Creekstone Duplexes 42 2,075,000 2,070,047 Multifamily 112 Eastowne Plaza II 2,025,000 2,022,647 Retail 113 Handy Storage 2,000,000 1,981,719 Self Storage 114 Golden State Business Park 1,975,000 1,962,054 Industrial 115 PETsMART, Dallas, TX 1,800,000 1,793,641 Retail 116 The Michigan Building and The V Building 1,725,000 1,717,397 Various 116a The Michigan Building 914,773 910,741 Industrial 116b The V Building 810,227 806,656 Industrial 117 Brentwood House Shopping Center 1,650,000 1,647,201 Retail 118 Fairground Village 1,650,000 1,642,633 Multifamily 119 Elsinore/Staples Store 1,650,000 1,640,400 Retail 120 Puerto Vista Mobile Estates 1,365,000 1,360,624 Manufactured Housing 121 Hickory Hollow Shopping Center 1,250,000 1,247,879 Retail 122 Commercenter Business Park 1,200,000 1,193,962 Industrial 123 San Rafael Business Center 1,100,000 1,098,631 Industrial 124 Desert Sage Apartments 1,100,000 1,097,042 Multifamily 125 Garfield Avenue 1,000,000 994,862 Industrial 52 Celebration VII Suburban 6.0800% 0.03330% 53 Montecito Apartments Multifamily 7.1200% 0.10330% 54 701 Del Norte Warehouse 7.1600% 0.10330% 55 Port Royal Village Manufactured Housing 7.3600% 0.05330% 56 Corvallis Apartment Portfolio Multifamily 6.8500% 0.03330% 57 Gettysburg Shopping Center Anchored 7.1800% 0.03330% 58 Capistrano Surf Center Suburban 7.0000% 0.03330% 59 Ardentech Court Flex Industrial 7.2500% 0.03330% 60 L&R Auto Park - Broadway Parking Garage 7.2750% 0.03330% 61 Valencia Executive Plaza Suburban 7.1000% 0.10330% 62 CVS Portfolio Anchored 7.5900% 0.03330% 62a CVS Portfolio - Bethlehem Anchored 62b CVS Portfolio - Hellertown Anchored 62c CVS Portfolio - Lehigh Street Anchored 63 Weber Street Building CBD 6.9100% 0.10330% 64 Williamsburg Village Shopping Center Anchored 7.1300% 0.05330% 65 Main Street Shopping Center Anchored 6.5000% 0.03330% 66 Audubon Square Shadow Anchored 6.7000% 0.07330% 67 Target Shopping Center Anchored 6.0150% 0.03330% 68 Seville Plaza Shopping Center Shadow Anchored 7.2000% 0.10330% 69 Crystal Springs Shopping Center Anchored 6.1500% 0.03330% 70 Woods at Southlake Multifamily 7.0000% 0.05330% 71 Brookhollow Business Park Flex Industrial 8.0500% 0.05330% 72 Anna's Vineyard Apartments Multifamily 7.8800% 0.10330% 73 Bullard West Apartments Multifamily 6.8000% 0.03330% 74 Hastings Drive Warehouse 7.4300% 0.05330% 75 Abbey House Multifamily 6.8000% 0.07330% 76 Railroad Industrial Warehouse 7.3000% 0.10330% 77 West Allen Plaza Shadow Anchored 7.4100% 0.10330% 78 1 & 3 Marcus Boulevard Suburban 7.1600% 0.11330% 79 Stratford Arms Apartments Multifamily 7.0000% 0.05330% 80 First and Cedar Building CBD 7.1900% 0.10330% 81 Shenandoah Square Anchored 7.6900% 0.10330% 82 Southfield Commerce Center Warehouse 7.2000% 0.10330% 83 Eckerd Drug Portfolio Anchored 6.3000% 0.03330% 83a Eckerd Drug - Spartanburg Anchored 83b Eckerd Drug - Greenville Anchored 84 Heather Glen Apartments Multifamily 6.5700% 0.12330% 85 Hathaway Building Suburban 7.0000% 0.03330% 86 Gelb Plaza-Encino Suburban 7.7100% 0.03330% 87 Bryman Office Suburban 7.0700% 0.03330% 88 Braeswood Atrium Multifamily 7.1200% 0.05330% 89 Westcreek and California Garden Apartments Multifamily 6.7500% 0.10330% 90 East Grand Business Center Warehouse 7.6100% 0.05330% 91 Cambridge Square Apartments Multifamily 7.2000% 0.03330% 92 Juliet Office Park - Building C & D Suburban 7.5500% 0.10330% 93 Otis Spunkmeyer Headquarters Light Industrial 7.0000% 0.03330% 94 Burgundy House Apartments Multifamily 7.0880% 0.03330% 95 Golden Estates Manufactured Housing 7.4000% 0.03330% 96 4350 - 4374 Transport Street Warehouse 6.8200% 0.10330% 97 Bedrosian Industrial Building Flex Industrial 6.6500% 0.10330% 98 Hazel Crest Shopping Center Unanchored 7.3900% 0.10330% 99 High Voltage Breakers Building Warehouse 7.2600% 0.03330% 100 800 South Industry Flex Industrial 7.6800% 0.05330% 101 South Garfield Avenue Warehouse 7.7800% 0.03330% 102 Belvedere Tiburon Office Park Suburban 7.1700% 0.10330% 103 Heritage Apartments Multifamily 7.0880% 0.03330% 104 West Walnut Street Warehouse 7.7800% 0.03330% 105 Creekstone Duplexes 44 Multifamily 6.8500% 0.03330% 106 Buena Park Shopping Center Anchored 7.7050% 0.03330% 107 Sunset Village Unanchored 7.9500% 0.03330% 108 Tanglewood Apartments Multifamily 7.0880% 0.03330% 109 Chaparral Plaza Unanchored 7.8300% 0.03330% 110 Villas at the Woodlands Apartments Multifamily 7.3600% 0.05330% 111 Creekstone Duplexes 42 Multifamily 6.7500% 0.03330% 112 Eastowne Plaza II Shadow Anchored 7.3800% 0.10330% 113 Handy Storage Self Storage 7.3500% 0.05330% 114 Golden State Business Park Flex Industrial 7.3000% 0.03330% 115 PETsMART, Dallas, TX Shadow Anchored 7.2500% 0.03330% 116 The Michigan Building and The V Building Various 7.2200% 0.10330% 116a The Michigan Building Flex Industrial 116b The V Building Flex Industrial 117 Brentwood House Shopping Center Unanchored 7.7500% 0.03330% 118 Fairground Village Multifamily 7.1500% 0.03330% 119 Elsinore/Staples Store Anchored 7.9300% 0.03330% 120 Puerto Vista Mobile Estates Manufactured Housing 7.2000% 0.03330% 121 Hickory Hollow Shopping Center Unanchored 7.7500% 0.03330% 122 Commercenter Business Park Flex Industrial 7.5000% 0.03330% 123 San Rafael Business Center Light Industrial 6.9500% 0.03330% 124 Desert Sage Apartments Multifamily 7.3300% 0.03330% 125 Garfield Avenue Light Industrial 7.5000% 0.03330% 52 Celebration VII 30/360 60 57 53 Montecito Apartments Actual/360 120 113 54 701 Del Norte Actual/360 120 117 55 Port Royal Village Actual/360 120 114 56 Corvallis Apartment Portfolio Actual/360 120 116 57 Gettysburg Shopping Center Actual/360 120 114 58 Capistrano Surf Center Actual/360 120 117 59 Ardentech Court Actual/360 120 117 60 L&R Auto Park - Broadway Actual/360 60 57 61 Valencia Executive Plaza Actual/360 120 118 62 CVS Portfolio Actual/360 120 116 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building Actual/360 120 118 64 Williamsburg Village Shopping Center Actual/360 120 110 65 Main Street Shopping Center Actual/360 120 119 66 Audubon Square Actual/360 120 119 67 Target Shopping Center 30/360 84 82 68 Seville Plaza Shopping Center Actual/360 120 111 69 Crystal Springs Shopping Center 30/360 84 82 70 Woods at Southlake Actual/360 120 112 71 Brookhollow Business Park 30/360 84 47 72 Anna's Vineyard Apartments Actual/360 108 107 73 Bullard West Apartments Actual/360 120 117 74 Hastings Drive Actual/360 120 117 75 Abbey House Actual/360 60 58 76 Railroad Industrial Actual/360 120 118 77 West Allen Plaza Actual/360 120 116 78 1 & 3 Marcus Boulevard Actual/360 120 116 79 Stratford Arms Apartments Actual/360 120 112 80 First and Cedar Building 30/360 180 173 81 Shenandoah Square Actual/360 120 116 82 Southfield Commerce Center Actual/360 120 113 83 Eckerd Drug Portfolio 30/360 84 82 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments Actual/360 120 119 85 Hathaway Building Actual/360 120 118 86 Gelb Plaza-Encino Actual/360 120 114 87 Bryman Office Actual/360 120 116 88 Braeswood Atrium Actual/360 120 116 89 Westcreek and California Garden Apartments Actual/360 120 116 90 East Grand Business Center Actual/360 120 116 91 Cambridge Square Apartments Actual/360 120 115 92 Juliet Office Park - Building C & D Actual/360 120 112 93 Otis Spunkmeyer Headquarters Actual/360 120 118 94 Burgundy House Apartments Actual/360 120 114 95 Golden Estates Actual/360 120 114 96 4350 - 4374 Transport Street Actual/360 120 118 97 Bedrosian Industrial Building Actual/360 120 119 98 Hazel Crest Shopping Center Actual/360 120 113 99 High Voltage Breakers Building Actual/360 120 118 100 800 South Industry Actual/360 122 117 101 South Garfield Avenue Actual/360 60 54 102 Belvedere Tiburon Office Park Actual/360 120 116 103 Heritage Apartments Actual/360 120 114 104 West Walnut Street Actual/360 60 54 105 Creekstone Duplexes 44 Actual/360 120 118 106 Buena Park Shopping Center Actual/360 120 115 107 Sunset Village Actual/360 120 115 108 Tanglewood Apartments Actual/360 120 114 109 Chaparral Plaza Actual/360 60 55 110 Villas at the Woodlands Apartments Actual/360 120 115 111 Creekstone Duplexes 42 Actual/360 120 118 112 Eastowne Plaza II Actual/360 120 119 113 Handy Storage Actual/360 120 112 114 Golden State Business Park Actual/360 120 114 115 PETsMART, Dallas, TX Actual/360 120 118 116 The Michigan Building and The V Building Actual/360 120 116 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center Actual/360 120 117 118 Fairground Village Actual/360 120 116 119 Elsinore/Staples Store Actual/360 120 114 120 Puerto Vista Mobile Estates Actual/360 120 117 121 Hickory Hollow Shopping Center Actual/360 120 117 122 Commercenter Business Park Actual/360 120 117 123 San Rafael Business Center Actual/360 120 119 124 Desert Sage Apartments Actual/360 120 116 125 Garfield Avenue Actual/360 120 115 52 Celebration VII 0 0 8/1/2002 53 Montecito Apartments 300 293 4/1/2002 54 701 Del Norte 360 357 8/1/2002 55 Port Royal Village 360 354 5/1/2002 56 Corvallis Apartment Portfolio 360 356 7/1/2002 57 Gettysburg Shopping Center 240 234 5/1/2002 58 Capistrano Surf Center 360 357 8/1/2002 59 Ardentech Court 300 297 8/1/2002 60 L&R Auto Park - Broadway 300 297 8/1/2002 61 Valencia Executive Plaza 300 298 9/1/2002 62 CVS Portfolio 360 356 7/1/2002 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 300 298 9/1/2002 64 Williamsburg Village Shopping Center 300 290 1/1/2002 65 Main Street Shopping Center 360 359 10/1/2002 66 Audubon Square 360 359 10/1/2002 67 Target Shopping Center 0 0 9/1/2002 68 Seville Plaza Shopping Center 360 351 2/1/2002 69 Crystal Springs Shopping Center 0 0 9/1/2002 70 Woods at Southlake 360 352 3/1/2002 71 Brookhollow Business Park 300 263 10/1/1999 72 Anna's Vineyard Apartments 360 359 10/1/2002 73 Bullard West Apartments 360 357 8/1/2002 74 Hastings Drive 360 357 8/1/2002 75 Abbey House 360 358 9/1/2002 76 Railroad Industrial 360 358 9/1/2002 77 West Allen Plaza 360 356 7/1/2002 78 1 & 3 Marcus Boulevard 300 296 7/1/2002 79 Stratford Arms Apartments 360 352 3/1/2002 80 First and Cedar Building 180 173 4/1/2002 81 Shenandoah Square 360 356 7/1/2002 82 Southfield Commerce Center 330 323 4/1/2002 83 Eckerd Drug Portfolio 0 0 9/1/2002 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments 360 359 10/1/2002 85 Hathaway Building 300 298 9/1/2002 86 Gelb Plaza-Encino 300 294 5/1/2002 87 Bryman Office 240 236 7/1/2002 88 Braeswood Atrium 360 356 7/1/2002 89 Westcreek and California Garden Apartments 360 356 7/1/2002 90 East Grand Business Center 240 236 7/1/2002 91 Cambridge Square Apartments 300 295 6/1/2002 92 Juliet Office Park - Building C & D 360 352 3/1/2002 93 Otis Spunkmeyer Headquarters 300 298 9/1/2002 94 Burgundy House Apartments 300 294 5/1/2002 95 Golden Estates 300 294 5/1/2002 96 4350 - 4374 Transport Street 360 358 9/1/2002 97 Bedrosian Industrial Building 240 239 10/1/2002 98 Hazel Crest Shopping Center 300 293 4/1/2002 99 High Voltage Breakers Building 300 298 9/1/2002 100 800 South Industry 300 299 6/1/2002 101 South Garfield Avenue 360 354 5/1/2002 102 Belvedere Tiburon Office Park 360 356 7/1/2002 103 Heritage Apartments 300 294 5/1/2002 104 West Walnut Street 360 354 5/1/2002 105 Creekstone Duplexes 44 360 358 9/1/2002 106 Buena Park Shopping Center 360 355 6/1/2002 107 Sunset Village 300 295 6/1/2002 108 Tanglewood Apartments 300 294 5/1/2002 109 Chaparral Plaza 300 295 6/1/2002 110 Villas at the Woodlands Apartments 360 355 6/1/2002 111 Creekstone Duplexes 42 300 298 9/1/2002 112 Eastowne Plaza II 300 299 10/1/2002 113 Handy Storage 300 292 3/1/2002 114 Golden State Business Park 300 294 5/1/2002 115 PETsMART, Dallas, TX 240 238 9/1/2002 116 The Michigan Building and The V Building 300 296 7/1/2002 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center 360 357 8/1/2002 118 Fairground Village 300 296 7/1/2002 119 Elsinore/Staples Store 300 294 5/1/2002 120 Puerto Vista Mobile Estates 300 297 8/1/2002 121 Hickory Hollow Shopping Center 360 357 8/1/2002 122 Commercenter Business Park 240 237 8/1/2002 123 San Rafael Business Center 300 299 10/1/2002 124 Desert Sage Apartments 360 356 7/1/2002 125 Garfield Avenue 300 295 6/1/2002 52 Celebration VII 7/1/2007 346,560 28,880.00 53 Montecito Apartments 3/1/2012 488,686 40,723.80 54 701 Del Norte 7/1/2012 438,102 36,508.46 55 Port Royal Village 4/1/2012 443,792 36,982.65 56 Corvallis Apartment Portfolio 6/1/2012 416,745 34,728.74 57 Gettysburg Shopping Center 4/1/2012 499,985 41,665.43 58 Capistrano Surf Center 7/1/2012 399,181 33,265.12 59 Ardentech Court 7/1/2012 433,684 36,140.35 60 L&R Auto Park - Broadway 7/1/2007 433,782 36,148.47 61 Valencia Executive Plaza 8/1/2012 419,345 34,945.39 62 CVS Portfolio 6/1/2012 414,768 34,563.99 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 8/1/2012 408,010 34,000.84 64 Williamsburg Village Shopping Center 12/1/2011 403,313 33,609.41 65 Main Street Shopping Center 9/1/2012 326,147 27,178.93 66 Audubon Square 9/1/2012 325,220 27,101.68 67 Target Shopping Center 8/1/2009 252,149 21,012.40 68 Seville Plaza Shopping Center 1/1/2012 342,109 28,509.10 69 Crystal Springs Shopping Center 8/1/2009 250,305 20,858.75 70 Woods at Southlake 2/1/2012 311,362 25,946.80 71 Brookhollow Business Park 9/1/2006 372,063 31,005.26 72 Anna's Vineyard Apartments 9/1/2011 330,561 27,546.73(8) 73 Bullard West Apartments 7/1/2012 297,278 24,773.16 74 Hastings Drive 7/1/2012 312,492 26,041.03 75 Abbey House 8/1/2007 289,455 24,121.23 76 Railroad Industrial 8/1/2012 296,167 24,680.55 77 West Allen Plaza 6/1/2012 295,245 24,603.71 78 1 & 3 Marcus Boulevard 6/1/2012 301,148 25,095.65 79 Stratford Arms Apartments 2/1/2012 275,435 22,952.94 80 First and Cedar Building 3/1/2017 371,070 30,922.46 81 Shenandoah Square 6/1/2012 267,956 22,329.68 82 Southfield Commerce Center 3/1/2012 261,290 21,774.18 83 Eckerd Drug Portfolio 8/1/2009 194,166 16,180.50 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments 9/1/2012 229,204 19,100.36 85 Hathaway Building 8/1/2012 254,441 21,203.38 86 Gelb Plaza-Encino 4/1/2012 270,974 22,581.14 87 Bryman Office 6/1/2012 280,622 23,385.19 88 Braeswood Atrium 6/1/2012 239,185 19,932.08 89 Westcreek and California Garden Apartments 6/1/2012 226,101 18,841.77 90 East Grand Business Center 6/1/2012 277,818 23,151.48 91 Cambridge Square Apartments 5/1/2012 243,509 20,292.40 92 Juliet Office Park - Building C & D 2/1/2012 236,088 19,673.96 93 Otis Spunkmeyer Headquarters 8/1/2012 233,237 19,436.43 94 Burgundy House Apartments 4/1/2012 235,606 19,633.82 95 Golden Estates 4/1/2012 241,725 20,143.72 96 4350 - 4374 Transport Street 8/1/2012 198,329 16,527.43 97 Bedrosian Industrial Building 9/1/2012 221,802 18,483.54 98 Hazel Crest Shopping Center 3/1/2012 208,578 17,381.46 99 High Voltage Breakers Building 8/1/2012 204,013 17,001.11 100 800 South Industry 7/1/2012 207,204 17,267.00 101 South Garfield Avenue 4/1/2007 198,302 16,525.19 102 Belvedere Tiburon Office Park 6/1/2012 182,725 15,227.07 103 Heritage Apartments 4/1/2012 190,639 15,886.58 104 West Walnut Street 4/1/2007 188,818 15,734.85 105 Creekstone Duplexes 44 8/1/2012 171,023 14,251.89 106 Buena Park Shopping Center 5/1/2012 184,033 15,336.06 107 Sunset Village 5/1/2012 198,275 16,522.90 108 Tanglewood Apartments 4/1/2012 182,945 15,245.42 109 Chaparral Plaza 5/1/2007 193,950 16,162.51 110 Villas at the Woodlands Apartments 5/1/2012 172,137 14,344.79 111 Creekstone Duplexes 42 8/1/2012 172,037 14,336.41 112 Eastowne Plaza II 9/1/2012 177,682 14,806.87 113 Handy Storage 2/1/2012 175,023 14,585.24 114 Golden State Business Park 4/1/2012 172,069 14,339.12 115 PETsMART, Dallas, TX 8/1/2012 170,721 14,226.77 116 The Michigan Building and The V Building 6/1/2012 149,221 12,435.10 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center 7/1/2012 141,850 11,820.80 118 Fairground Village 6/1/2012 141,843 11,820.22 119 Elsinore/Staples Store 4/1/2012 151,903 12,658.55 120 Puerto Vista Mobile Estates 7/1/2012 117,869 9,822.39 121 Hickory Hollow Shopping Center 7/1/2012 107,462 8,955.15 122 Commercenter Business Park 7/1/2012 116,005 9,667.12 123 San Rafael Business Center 9/1/2012 92,874 7,739.52 124 Desert Sage Apartments 6/1/2012 90,765 7,563.72 125 Garfield Avenue 5/1/2012 88,679 7,389.91 52 Celebration VII 57 No NAP 53 Montecito Apartments No NAP 54 701 Del Norte No NAP 55 Port Royal Village No NAP 56 Corvallis Apartment Portfolio No NAP 57 Gettysburg Shopping Center No NAP 58 Capistrano Surf Center No NAP 59 Ardentech Court No NAP 60 L&R Auto Park - Broadway No NAP 61 Valencia Executive Plaza No NAP 62 CVS Portfolio No NAP 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building No NAP 64 Williamsburg Village Shopping Center Yes In Place, Hard (A/B) 65 Main Street Shopping Center No NAP 66 Audubon Square No NAP 67 Target Shopping Center 82 No NAP 68 Seville Plaza Shopping Center No NAP 69 Crystal Springs Shopping Center 82 No NAP 70 Woods at Southlake No NAP 71 Brookhollow Business Park No NAP 72 Anna's Vineyard Apartments No NAP 73 Bullard West Apartments No NAP 74 Hastings Drive No NAP 75 Abbey House No NAP 76 Railroad Industrial No NAP 77 West Allen Plaza No NAP 78 1 & 3 Marcus Boulevard No NAP 79 Stratford Arms Apartments No NAP 80 First and Cedar Building No NAP 81 Shenandoah Square Yes Springing 82 Southfield Commerce Center No NAP 83 Eckerd Drug Portfolio 82 No NAP 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments No NAP 85 Hathaway Building No NAP 86 Gelb Plaza-Encino No NAP 87 Bryman Office No NAP 88 Braeswood Atrium No NAP 89 Westcreek and California Garden Apartments No NAP 90 East Grand Business Center No NAP 91 Cambridge Square Apartments No NAP 92 Juliet Office Park - Building C & D Yes In Place, Hard (A/B) 93 Otis Spunkmeyer Headquarters No NAP 94 Burgundy House Apartments No NAP 95 Golden Estates No NAP 96 4350 - 4374 Transport Street No NAP 97 Bedrosian Industrial Building No NAP 98 Hazel Crest Shopping Center No NAP 99 High Voltage Breakers Building No NAP 100 800 South Industry No NAP 101 South Garfield Avenue No NAP 102 Belvedere Tiburon Office Park No NAP 103 Heritage Apartments No NAP 104 West Walnut Street No NAP 105 Creekstone Duplexes 44 No NAP 106 Buena Park Shopping Center No NAP 107 Sunset Village No NAP 108 Tanglewood Apartments No NAP 109 Chaparral Plaza No NAP 110 Villas at the Woodlands Apartments No NAP 111 Creekstone Duplexes 42 No NAP 112 Eastowne Plaza II No NAP 113 Handy Storage No NAP 114 Golden State Business Park No NAP 115 PETsMART, Dallas, TX No NAP 116 The Michigan Building and The V Building No NAP 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center No NAP 118 Fairground Village No NAP 119 Elsinore/Staples Store Yes Springing, Hard 120 Puerto Vista Mobile Estates No NAP 121 Hickory Hollow Shopping Center No NAP 122 Commercenter Business Park No NAP 123 San Rafael Business Center No NAP 124 Desert Sage Apartments No NAP 125 Garfield Avenue No NAP 52 Celebration VII No No 2.82 53 Montecito Apartments No No 1.45 54 701 Del Norte No No 1.34 55 Port Royal Village No No 1.40 56 Corvallis Apartment Portfolio No No 1.79 57 Gettysburg Shopping Center No No 1.38 58 Capistrano Surf Center No No 1.41 59 Ardentech Court No No 1.48 60 L&R Auto Park - Broadway No No 1.38 61 Valencia Executive Plaza No No 1.33 62 CVS Portfolio No No 1.36 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building No No 1.33 64 Williamsburg Village Shopping Center Yes No 1.65 65 Main Street Shopping Center No No 1.50 66 Audubon Square No No 1.52 67 Target Shopping Center No No 2.46 68 Seville Plaza Shopping Center No No 1.49 69 Crystal Springs Shopping Center No No 2.40 70 Woods at Southlake No No 1.41 71 Brookhollow Business Park No No 1.35 72 Anna's Vineyard Apartments No No 1.20 73 Bullard West Apartments No No 1.47 74 Hastings Drive No No 1.31 75 Abbey House No No 1.45 76 Railroad Industrial No No 1.27 77 West Allen Plaza No No 1.37 78 1 & 3 Marcus Boulevard No No 1.47 79 Stratford Arms Apartments No No 1.44 80 First and Cedar Building No No 1.42 81 Shenandoah Square No No 1.33 82 Southfield Commerce Center No No 1.40 83 Eckerd Drug Portfolio No No 2.64 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments No No 1.56 85 Hathaway Building No No 1.48 86 Gelb Plaza-Encino No No 1.48 87 Bryman Office No No 1.57 88 Braeswood Atrium No No 1.44 89 Westcreek and California Garden Apartments No No 1.43 90 East Grand Business Center No No 1.50 91 Cambridge Square Apartments No No 1.42 92 Juliet Office Park - Building C & D No No 1.38 93 Otis Spunkmeyer Headquarters No No 1.56 94 Burgundy House Apartments No No 1.63 95 Golden Estates No No 1.53 96 4350 - 4374 Transport Street No No 1.58 97 Bedrosian Industrial Building No No 1.26 98 Hazel Crest Shopping Center No No 1.64 99 High Voltage Breakers Building No No 1.66 100 800 South Industry No No 1.28 101 South Garfield Avenue No No 1.32 102 Belvedere Tiburon Office Park No No 1.94 103 Heritage Apartments No No 1.85 104 West Walnut Street No No 1.33 105 Creekstone Duplexes 44 No No 1.43 106 Buena Park Shopping Center No No 1.37 107 Sunset Village No No 1.34 108 Tanglewood Apartments No No 1.43 109 Chaparral Plaza No No 1.39 110 Villas at the Woodlands Apartments No No 1.36 111 Creekstone Duplexes 42 No No 1.36 112 Eastowne Plaza II No No 1.29 113 Handy Storage No No 2.14 114 Golden State Business Park No No 1.58 115 PETsMART, Dallas, TX No No 1.28 116 The Michigan Building and The V Building No No 1.57 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center No No 1.53 118 Fairground Village No No 1.55 119 Elsinore/Staples Store No No 1.29 120 Puerto Vista Mobile Estates No No 1.67 121 Hickory Hollow Shopping Center No No 1.65 122 Commercenter Business Park No No 1.77 123 San Rafael Business Center No No 2.10 124 Desert Sage Apartments No No 1.43 125 Garfield Avenue No No 1.60 52 Celebration VII 5 1 10,750,000 53 Montecito Apartments 5 1 9,200,000 54 701 Del Norte 5 1 7,500,000 55 Port Royal Village 5 1 7,150,000 56 Corvallis Apartment Portfolio 5 1 9,030,000 57 Gettysburg Shopping Center 5 1 7,900,000 58 Capistrano Surf Center 5 1 6,600,000 59 Ardentech Court 5 1 8,800,000 60 L&R Auto Park - Broadway 5 1 9,050,000 61 Valencia Executive Plaza 5 1 7,700,000 62 CVS Portfolio 5 1 6,250,000 62a CVS Portfolio - Bethlehem 3,000,000 62b CVS Portfolio - Hellertown 1,700,000 62c CVS Portfolio - Lehigh Street 1,550,000 63 Weber Street Building 5 1 6,500,000 64 Williamsburg Village Shopping Center 5 1 6,600,000 65 Main Street Shopping Center 5 1 6,100,000 66 Audubon Square 5 1 5,700,000 67 Target Shopping Center 5 1 8,075,000 68 Seville Plaza Shopping Center 5 1 5,950,000 69 Crystal Springs Shopping Center 5 1 7,410,000 70 Woods at Southlake 5 1 5,000,000 71 Brookhollow Business Park 0 1 6,500,000 72 Anna's Vineyard Apartments 10 1 5,200,000 73 Bullard West Apartments 5 1 5,350,000 74 Hastings Drive 5 1 4,800,000 75 Abbey House 5 1 4,650,000 76 Railroad Industrial 5 1 4,850,000 77 West Allen Plaza 5 1 4,900,000 78 1 & 3 Marcus Boulevard 5 1 5,900,000 79 Stratford Arms Apartments 5 1 4,400,000 80 First and Cedar Building 5 1 7,600,000 81 Shenandoah Square 5 1 4,500,000 82 Southfield Commerce Center 5 1 4,250,000 83 Eckerd Drug Portfolio 5 1 6,015,000 83a Eckerd Drug - Spartanburg 3,000,000 83b Eckerd Drug - Greenville 3,015,000 84 Heather Glen Apartments 5 1 4,000,000 85 Hathaway Building 5 1 4,175,000 86 Gelb Plaza-Encino 5 1 5,100,000 87 Bryman Office 5 1 5,200,000 88 Braeswood Atrium 5 1 4,000,000 89 Westcreek and California Garden Apartments 5 1 3,900,000 90 East Grand Business Center 5 1 6,625,000 91 Cambridge Square Apartments 5 1 3,900,000 92 Juliet Office Park - Building C & D 5 1 4,100,000 93 Otis Spunkmeyer Headquarters 5 1 5,340,000 94 Burgundy House Apartments 5 1 5,750,000 95 Golden Estates 5 1 5,000,000 96 4350 - 4374 Transport Street 5 1 4,200,000 97 Bedrosian Industrial Building 5 1 3,490,000 98 Hazel Crest Shopping Center 5 1 4,000,000 99 High Voltage Breakers Building 5 1 5,400,000 100 800 South Industry 5 1 3,400,000 101 South Garfield Avenue 5 1 3,400,000 102 Belvedere Tiburon Office Park 5 1 5,060,000 103 Heritage Apartments 5 1 4,350,000 104 West Walnut Street 5 1 3,230,000 105 Creekstone Duplexes 44 5 1 2,725,000 106 Buena Park Shopping Center 5 1 3,000,000 107 Sunset Village 5 1 3,220,000 108 Tanglewood Apartments 5 1 3,900,000 109 Chaparral Plaza 5 1 2,950,000 110 Villas at the Woodlands Apartments 5 1 2,600,000 111 Creekstone Duplexes 42 5 1 2,600,000 112 Eastowne Plaza II 5 1 2,700,000 113 Handy Storage 5 1 3,700,000 114 Golden State Business Park 5 1 3,180,000 115 PETsMART, Dallas, TX 5 1 2,760,000 116 The Michigan Building and The V Building 5 1 3,300,000 116a The Michigan Building 1,750,000 116b The V Building 1,550,000 117 Brentwood House Shopping Center 5 1 3,400,000 118 Fairground Village 5 1 2,600,000 119 Elsinore/Staples Store 5 1 2,200,000 120 Puerto Vista Mobile Estates 5 1 2,400,000 121 Hickory Hollow Shopping Center 5 1 2,200,000 122 Commercenter Business Park 5 1 3,200,000 123 San Rafael Business Center 5 1 3,223,000 124 Desert Sage Apartments 5 1 1,590,000 125 Garfield Avenue 5 1 1,610,000 52 Celebration VII 53.02% 53.02% 53 Montecito Apartments 61.47% 49.92% 54 701 Del Norte 71.86% 63.19% 55 Port Royal Village 74.70% 66.14% 56 Corvallis Apartment Portfolio 58.52% 51.08% 57 Gettysburg Shopping Center 66.36% 46.22% 58 Capistrano Surf Center 75.60% 66.21% 59 Ardentech Court 56.64% 45.95% 60 L&R Auto Park - Broadway 54.96% 50.87% 61 Valencia Executive Plaza 63.49% 51.21% 62 CVS Portfolio 78.20% 69.53% 62a CVS Portfolio - Bethlehem 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 74.44% 59.70% 64 Williamsburg Village Shopping Center 70.39% 57.35% 65 Main Street Shopping Center 70.43% 60.75% 66 Audubon Square 73.62% 63.85% 67 Target Shopping Center 51.91% 51.91% 68 Seville Plaza Shopping Center 70.12% 61.96% 69 Crystal Springs Shopping Center 54.93% 54.93% 70 Woods at Southlake 77.51% 68.10% 71 Brookhollow Business Park 58.85% 54.44% 72 Anna's Vineyard Apartments 72.98% 66.29% 73 Bullard West Apartments 70.87% 61.75% 74 Hastings Drive 77.98% 69.04% 75 Abbey House 79.45% 75.27% 76 Railroad Industrial 74.13% 65.35% 77 West Allen Plaza 72.26% 63.97% 78 1 & 3 Marcus Boulevard 59.06% 47.83% 79 Stratford Arms Apartments 77.91% 68.46% 80 First and Cedar Building 43.75% 0.00% 81 Shenandoah Square 69.50% 61.94% 82 Southfield Commerce Center 73.08% 62.31% 83 Eckerd Drug Portfolio 51.24% 51.24% 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments 74.93% 64.76% 85 Hathaway Building 71.69% 57.65% 86 Gelb Plaza-Encino 58.47% 48.21% 87 Bryman Office 57.27% 39.59% 88 Braeswood Atrium 73.79% 64.85% 89 Westcreek and California Garden Apartments 74.26% 64.65% 90 East Grand Business Center 42.73% 30.09% 91 Cambridge Square Apartments 71.91% 58.39% 92 Juliet Office Park - Building C & D 67.91% 60.46% 93 Otis Spunkmeyer Headquarters 51.38% 41.32% 94 Burgundy House Apartments 47.60% 38.56% 95 Golden Estates 54.65% 44.67% 96 4350 - 4374 Transport Street 60.15% 52.38% 97 Bedrosian Industrial Building 70.06% 47.43% 98 Hazel Crest Shopping Center 58.93% 48.24% 99 High Voltage Breakers Building 43.42% 35.19% 100 800 South Industry 67.57% 55.67% 101 South Garfield Avenue 67.40% 64.69% 102 Belvedere Tiburon Office Park 44.34% 39.02% 103 Heritage Apartments 50.91% 41.24% 104 West Walnut Street 67.56% 64.84% 105 Creekstone Duplexes 44 79.70% 69.46% 106 Buena Park Shopping Center 71.45% 63.76% 107 Sunset Village 66.46% 55.13% 108 Tanglewood Apartments 54.50% 44.15% 109 Chaparral Plaza 71.69% 66.94% 110 Villas at the Woodlands Apartments 79.74% 70.57% 111 Creekstone Duplexes 42 79.62% 63.53% 112 Eastowne Plaza II 74.91% 60.86% 113 Handy Storage 53.56% 43.80% 114 Golden State Business Park 61.70% 50.29% 115 PETsMART, Dallas, TX 64.99% 45.04% 116 The Michigan Building and The V Building 52.04% 42.22% 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center 48.45% 43.22% 118 Fairground Village 63.18% 51.15% 119 Elsinore/Staples Store 74.56% 61.87% 120 Puerto Vista Mobile Estates 56.69% 45.93% 121 Hickory Hollow Shopping Center 56.72% 50.61% 122 Commercenter Business Park 37.31% 26.14% 123 San Rafael Business Center 34.09% 27.34% 124 Desert Sage Apartments 69.00% 60.96% 125 Garfield Avenue 61.79% 50.61% 52 Celebration VII 210 Celebration Road 53 Montecito Apartments 835 West Avenue L 54 701 Del Norte 701 Del Norte Boulevard 55 Port Royal Village 485 Patterson Lane 56 Corvallis Apartment Portfolio 2310 - 2480 NW Rolling Green Dr. 57 Gettysburg Shopping Center 3102 E. Gettysburg Ave. and 4590 N. First Street 58 Capistrano Surf Center 34700 Coast Highway 59 Ardentech Court 34790 Ardenwood Court 60 L&R Auto Park - Broadway 914-48 S. Brdwy, 917-951 S. Main St., 114-18 W. 9 61 Valencia Executive Plaza 27201 Tourney Road 62 CVS Portfolio Various 62a CVS Portfolio - Bethlehem 327 Woodlawn Avenue 62b CVS Portfolio - Hellertown 1330-1334 Main Street 62c CVS Portfolio - Lehigh Street 1802 Lehigh Street 63 Weber Street Building 24 South Weber Street 64 Williamsburg Village Shopping Center 3010 Williams Drive 65 Main Street Shopping Center 1150-1190 South Main Street 66 Audubon Square Corner of Trooper and Egypt Road 67 Target Shopping Center 10204 Two Notch Road 68 Seville Plaza Shopping Center 1701 and 1905 West Thomas Street 69 Crystal Springs Shopping Center 6760 W. Gulf to Lake Highway 70 Woods at Southlake 850 Mount Zion Road 71 Brookhollow Business Park 23121 Antonio Parkway 72 Anna's Vineyard Apartments 6095 Anna's Lane 73 Bullard West Apartments 6057 North Polk Avenue 74 Hastings Drive 351 - 355 Hastings Drive 75 Abbey House 450 Dommino Lane 76 Railroad Industrial 18451 - 18467 Railroad Street 77 West Allen Plaza 19555 West Road 78 1 & 3 Marcus Boulevard 1 & 3 Marcus Boulevard 79 Stratford Arms Apartments 417 Valley Hill Road 80 First and Cedar Building 2701 First Avenue 81 Shenandoah Square 1009-1037 South Main Street 82 Southfield Commerce Center 20978-21084 and 21118-21186 Bridge Street 83 Eckerd Drug Portfolio Various 83a Eckerd Drug - Spartanburg 780 North Pine Street 83b Eckerd Drug - Greenville 6201 Augusta Road 84 Heather Glen Apartments 1650 West Chester Pike 85 Hathaway Building 7120 Hayvenhurst Ave. 86 Gelb Plaza-Encino 17547 Ventura Boulevard 87 Bryman Office 2250 W. Peoria Avenue 88 Braeswood Atrium 8800 South Braeswood Boulevard 89 Westcreek and California Garden Apartments 7960 103rd Street, 5601 California St 90 East Grand Business Center 415 East Grand Avenue 91 Cambridge Square Apartments 3901-3953 Dale Road 92 Juliet Office Park - Building C & D 8275 & 8335 West Flamingo Road 93 Otis Spunkmeyer Headquarters 14420-14490 Catalina Street 94 Burgundy House Apartments 2901 East Stewart Drive 95 Golden Estates 2390 Fairburn Road 96 4350 - 4374 Transport Street 4350 - 4374 Transport Street 97 Bedrosian Industrial Building 4055 & 4065 Grass Valley Highway 98 Hazel Crest Shopping Center 17500 South Kedzie Avenue 99 High Voltage Breakers Building 7250 McGinnis Ferry Road 100 800 South Industry 800 South Industry Way 101 South Garfield Avenue 2011 South Garfield Avenue 102 Belvedere Tiburon Office Park 1100, 1110 & 1120 Mar West Street 103 Heritage Apartments 1169 Beverly Drive 104 West Walnut Street 1100 West Walnut Street 105 Creekstone Duplexes 44 Creekstone Drive at Boley Drive 106 Buena Park Shopping Center 8030 & 8060 Dale Street 107 Sunset Village 3302-3330 E. Thousand Oaks Blvd. 108 Tanglewood Apartments 265 East Hanford Armona Road 109 Chaparral Plaza 2608 & 2616 Long Prairie Road 110 Villas at the Woodlands Apartments 7225 Crane Avenue 111 Creekstone Duplexes 42 Creekstone Drive at Boley Drive 112 Eastowne Plaza II 1949 Tiffin Avenue 113 Handy Storage 420 Stirling Road 114 Golden State Business Park 4169-4239 N. Golden State Boulevard, 4186 W. Swift and 4273 W. Richert Avenue 115 PETsMART, Dallas, TX 2964 Wheatland Road 116 The Michigan Building and The V Building Various 116a The Michigan Building 515 S. Michigan St. 116b The V Building 5501 6th Avenue South 117 Brentwood House Shopping Center 127 Brentwood Road 118 Fairground Village 5040 Fairground Avenue 119 Elsinore/Staples Store 5835 York Road 120 Puerto Vista Mobile Estates 538 Puerto Vista Drive 121 Hickory Hollow Shopping Center 5251 Hickory Hollow Parkway 122 Commercenter Business Park 1820-1840 Commercenter Circle 123 San Rafael Business Center 3060 Kerner Boulevard 124 Desert Sage Apartments 3950 E. Blacklidge Drive 125 Garfield Avenue 16312 Garfield Avenue 52 Celebration VII Celebration FL 34747 53 Montecito Apartments Lancaster CA 93534 54 701 Del Norte Oxnard CA 93030 55 Port Royal Village Belle Vernon PA 15012 56 Corvallis Apartment Portfolio Corvallis OR 97330 57 Gettysburg Shopping Center Fresno CA 93726 58 Capistrano Surf Center Dana Point CA 92624 59 Ardentech Court Fremont CA 94555 60 L&R Auto Park - Broadway Los Angeles CA 90015 61 Valencia Executive Plaza Santa Clarita CA 91355 62 CVS Portfolio Various PA Various 62a CVS Portfolio - Bethlehem Bethlehem PA 18018 62b CVS Portfolio - Hellertown Hellertown PA 18055 62c CVS Portfolio - Lehigh Street Allentown PA 18013 63 Weber Street Building Colorado Springs CO 80903 64 Williamsburg Village Shopping Center Georgetown TX 78628 65 Main Street Shopping Center Salinas CA 93901 66 Audubon Square Providence PA 17560 67 Target Shopping Center Columbia SC 28546 68 Seville Plaza Shopping Center Hammond LA 70401 69 Crystal Springs Shopping Center Crystal River FL 34429 70 Woods at Southlake Jonesboro GA 30236 71 Brookhollow Business Park Rancho Santa Margarita CA 92688 72 Anna's Vineyard Apartments Portage MI 49002 73 Bullard West Apartments Fresno CA 93722 74 Hastings Drive Buffalo Grove IL 60089 75 Abbey House Philadelphia PA 19128 76 Railroad Industrial City of Industry CA 91748 77 West Allen Plaza Woodhaven MI 48183 78 1 & 3 Marcus Boulevard Colonie NY 12205 79 Stratford Arms Apartments Riverdale GA 30274 80 First and Cedar Building Seattle WA 98121 81 Shenandoah Square Woodstock VA 22664 82 Southfield Commerce Center Southfield MI 48037 83 Eckerd Drug Portfolio Various SC Various 83a Eckerd Drug - Spartanburg Spartanburg SC 29303 83b Eckerd Drug - Greenville Greensville SC 29605 84 Heather Glen Apartments Westtown PA 19380 85 Hathaway Building Van Nuys CA 91406 86 Gelb Plaza-Encino Encino CA 91316 87 Bryman Office Phoenix AZ 85029 88 Braeswood Atrium Houston TX 77031 89 Westcreek and California Garden Apartments Jacksonville FL 32210 90 East Grand Business Center San Francisco CA 94080 91 Cambridge Square Apartments Modesto CA 95356 92 Juliet Office Park - Building C & D Las Vegas NV 89147 93 Otis Spunkmeyer Headquarters San Leandro CA 94577 94 Burgundy House Apartments Visalia CA 93292 95 Golden Estates Douglasville GA 30135 96 4350 - 4374 Transport Street Ventura CA 93003 97 Bedrosian Industrial Building Auburn CA 95602 98 Hazel Crest Shopping Center Hazel Crest IL 60429 99 High Voltage Breakers Building Suwanee GA 30024 100 800 South Industry Meridian ID 83642 101 South Garfield Avenue Commerce CA 90040 102 Belvedere Tiburon Office Park Tiburon CA 94920 103 Heritage Apartments Lemoore CA 93245 104 West Walnut Street Compton CA 90220 105 Creekstone Duplexes 44 Athens GA 30601 106 Buena Park Shopping Center Buena Park CA 90620 107 Sunset Village Thousand Oaks CA 91362 108 Tanglewood Apartments Lemoore CA 93245 109 Chaparral Plaza Flower Mound TX 75028 110 Villas at the Woodlands Apartments Jacksonville FL 32216 111 Creekstone Duplexes 42 Athens GA 30601 112 Eastowne Plaza II Findlay OH 45840 113 Handy Storage Dania Beach FL 33004 114 Golden State Business Park Fresno CA 93722 115 PETsMART, Dallas, TX Dallas TX 75237 116 The Michigan Building and The V Building Various Various Various 116a The Michigan Building Seattle WA 98108 116b The V Building Seattle WA 98108 117 Brentwood House Shopping Center Brentwood TN 37027 118 Fairground Village Milton NY 12547 119 Elsinore/Staples Store Baltimore MD 21212 120 Puerto Vista Mobile Estates Coos Bay OR 97420 121 Hickory Hollow Shopping Center Nashville TN 37013 122 Commercenter Business Park San Bernardino CA 92408 123 San Rafael Business Center San Rafael CA 94901 124 Desert Sage Apartments Tucson AZ 85712 125 Garfield Avenue Paramount CA 90723 52 Celebration VII 1995 68,566 53 Montecito Apartments 1986 2001 192 54 701 Del Norte 2000 125,433 55 Port Royal Village 1972 1999 388 56 Corvallis Apartment Portfolio 1976-1978 212 57 Gettysburg Shopping Center 1991 93,840 58 Capistrano Surf Center 1984 34,681 59 Ardentech Court 1998 55,588 60 L&R Auto Park - Broadway 1960 106,529 61 Valencia Executive Plaza 1986 46,625 62 CVS Portfolio 1996 36,300 62a CVS Portfolio - Bethlehem 1996 16,300 62b CVS Portfolio - Hellertown 1996 10,000 62c CVS Portfolio - Lehigh Street 1996 10,000 63 Weber Street Building 2000 46,600 64 Williamsburg Village Shopping Center 1986 1998 106,403 65 Main Street Shopping Center 1977 51,055 66 Audubon Square 2001 20,441 67 Target Shopping Center 2001 79,253 68 Seville Plaza Shopping Center 1984 2000 130,771 69 Crystal Springs Shopping Center 2001 67,001 70 Woods at Southlake 1968 2000 120 71 Brookhollow Business Park 1998 46,284 72 Anna's Vineyard Apartments 1996 144 73 Bullard West Apartments 2001 64 74 Hastings Drive 1998 68,735 75 Abbey House 1963 96 76 Railroad Industrial 1978 76,180 77 West Allen Plaza 2001 25,842 78 1 & 3 Marcus Boulevard 1990 62,614 79 Stratford Arms Apartments 1969 1995 100 80 First and Cedar Building 1974 2000 45,408 81 Shenandoah Square 1986 1998 83,845 82 Southfield Commerce Center 1973 97,030 83 Eckerd Drug Portfolio 2000 21,816 83a Eckerd Drug - Spartanburg 2000 10,908 83b Eckerd Drug - Greenville 2000 10,908 84 Heather Glen Apartments 1962 2002 81 85 Hathaway Building 1968 1987 48,245 86 Gelb Plaza-Encino 1987 33,433 87 Bryman Office 1955 2000-2001 72,072 88 Braeswood Atrium 1983 1990 122 89 Westcreek and California Garden Apartments 1985 1987 157 90 East Grand Business Center 1980 2001 51,900 91 Cambridge Square Apartments 1987 77 92 Juliet Office Park - Building C & D 2001 23,944 93 Otis Spunkmeyer Headquarters 1980 1999 90,725 94 Burgundy House Apartments 1986 133 95 Golden Estates 1978 1995 235 96 4350 - 4374 Transport Street 1979 64,650 97 Bedrosian Industrial Building 1991 45,778 98 Hazel Crest Shopping Center 1974 83,800 99 High Voltage Breakers Building 1996 70,600 100 800 South Industry 2000 39,450 101 South Garfield Avenue 1955 65,531 102 Belvedere Tiburon Office Park 1983 17,730 103 Heritage Apartments 1983 144 104 West Walnut Street 1969 1999 60,200 105 Creekstone Duplexes 44 2001 44 106 Buena Park Shopping Center 1961 1994 44,110 107 Sunset Village 1960's 2001 13,178 108 Tanglewood Apartments 1981 132 109 Chaparral Plaza 2000 19,720 110 Villas at the Woodlands Apartments 1984 2001 64 111 Creekstone Duplexes 42 2001 42 112 Eastowne Plaza II 2001 23,251 113 Handy Storage 1997 601 114 Golden State Business Park 1991 55,321 115 PETsMART, Dallas, TX 1999 26,040 116 The Michigan Building and The V Building Various 31,356 116a The Michigan Building 1967 18,480 116b The V Building 1976 12,876 117 Brentwood House Shopping Center 1971 23,590 118 Fairground Village 1999-2002 60 119 Elsinore/Staples Store 1991 17,176 120 Puerto Vista Mobile Estates 1971 135 121 Hickory Hollow Shopping Center 1986 16,360 122 Commercenter Business Park 1986 50,517 123 San Rafael Business Center 1977 2001 25,746 124 Desert Sage Apartments 1982 64 125 Garfield Avenue 1966 2000 25,048 52 Celebration VII Sq.Ft. 83.13 LO(35)/Yield Maintenance(23)/ Open(2) 53 Montecito Apartments Units 29,455.14 LO(32)/Defeasance(84)/Open(4) 54 701 Del Norte Sq.Ft. 42.96 LO(28)/Defeasance(88)/Open(4) 55 Port Royal Village Pads 13,765.19 LO(31)/Defeasance(85)/Open(4) 56 Corvallis Apartment Portfolio Units 24,924.43 LO(35)/Defeasance(81)/Open(4) 57 Gettysburg Shopping Center Sq Ft 55.87 LO(35)/Defeasance(78)/Open(7) 58 Capistrano Surf Center Sq.Ft. 143.87 LO(47)/Defeasance(72)/Open(1) 59 Ardentech Court Sq Ft 89.66 LO(36)/Flex(77)/Open(7) 60 L&R Auto Park - Broadway Sq.Ft. 46.69 LO(47)/Defeasance(12)/Open(1) 61 Valencia Executive Plaza Sq.Ft. 104.86 LO(27)/Defeasance(89)/Open(4) 62 CVS Portfolio Sq.Ft. 134.65 LO(47)/Defeasance(72)/Open(1) 62a CVS Portfolio - Bethlehem Sq.Ft. 152.99 62b CVS Portfolio - Hellertown Sq.Ft. 124.69 62c CVS Portfolio - Lehigh Street Sq.Ft. 114.71 63 Weber Street Building Sq.Ft. 103.84 LO(49)/Grtr1% Or YM(64)/Open(7) 64 Williamsburg Village Shopping Center Sq.Ft. 43.66 LO(35)/Defeasance(80)/Open(5) 65 Main Street Shopping Center Sq Ft 84.15 LO(35)/Defeasance(81)/Open(4) 66 Audubon Square Sq.Ft. 205.29 LO(47)/Defeasance(72)/Open(1) 67 Target Shopping Center Sq.Ft. 52.89 LO(35)/Yield Maintenance(47)/ Open(2) 68 Seville Plaza Shopping Center Sq.Ft. 31.90 LO(34)/Defeasance(81)/Open(5) 69 Crystal Springs Shopping Center Sq.Ft. 60.75 LO(35)/Yield Maintenance(47)/ Open(2) 70 Woods at Southlake Units 32,294.99 LO(49)/Defeasance(67)/Open(4) 71 Brookhollow Business Park Sq.Ft. 82.65 LO(25)/Grtr1% Or YM(55)/Open(4) 72 Anna's Vineyard Apartments Units 26,352.48 LO(26)/Defeasance(78)/Open(4) 73 Bullard West Apartments Units 59,244.89 LO(35)/Defeasance(81)/Open(4) 74 Hastings Drive Sq.Ft. 54.46 LO(28)/Defeasance(88)/Open(4) 75 Abbey House Units 38,483.08 LO(26)/Defeasance(33)/Open(1) 76 Railroad Industrial Sq.Ft. 47.19 LO(27)/Defeasance(89)/Open(4) 77 West Allen Plaza Sq.Ft. 137.01 LO(29)/Defeasance(87)/Open(4) 78 1 & 3 Marcus Boulevard Sq.Ft. 55.65 LO(29)/Defeasance(87)/Open(4) 79 Stratford Arms Apartments Units 34,282.38 LO(49)/Defeasance(67)/Open(4) 80 First and Cedar Building Sq.Ft. 73.22 LO(49)/Grtr1% Or YM(124)/ Open(7) 81 Shenandoah Square Sq.Ft. 37.30 LO(29)/Defeasance(87)/Open(4) 82 Southfield Commerce Center Sq.Ft. 32.01 LO(32)/Defeasance(84)/Open(4) 83 Eckerd Drug Portfolio Sq.Ft. 141.27 LO(35)/Yield Maintenance(47)/ Open(2) 83a Eckerd Drug - Spartanburg Sq.Ft. 141.33 83b Eckerd Drug - Greenville Sq.Ft. 141.22 84 Heather Glen Apartments Units 37,004.01 LO(26)/Defeasance(89)/Open(5) 85 Hathaway Building Sq Ft 62.04 LO(35)/Defeasance(81)/Open(4) 86 Gelb Plaza-Encino Sq Ft 89.19 LO(36)/Defeasance(80)/Open(4) 87 Bryman Office Sq Ft 41.32 LO(35)/Defeasance(81)/Open(4) 88 Braeswood Atrium Units 24,193.59 LO(29)/Defeasance(87)/Open(4) 89 Westcreek and California Garden Apartments Units 18,445.91 LO(29)/Defeasance(87)/Open(4) 90 East Grand Business Center Sq.Ft. 54.54 LO(29)/Defeasance(87)/Open(4) 91 Cambridge Square Apartments Units 36,423.99 LO(35)/Defeasance(81)/Open(4) 92 Juliet Office Park - Building C & D Sq.Ft. 116.29 LO(33)/Defeasance(83)/Open(4) 93 Otis Spunkmeyer Headquarters Sq Ft 30.24 LO(35)/Defeasance(81)/Open(4) 94 Burgundy House Apartments Units 20,580.57 LO(35)/Defeasance(78)/Open(7) 95 Golden Estates Units 11,626.83 LO(36)/Defeasance(80)/Open(4) 96 4350 - 4374 Transport Street Sq.Ft. 39.07 LO(49)/Grtr1% Or YM(67)/Open(4) 97 Bedrosian Industrial Building Sq.Ft. 53.41 LO(26)/Defeasance(87)/Open(7) 98 Hazel Crest Shopping Center Sq.Ft. 28.13 LO(32)/Defeasance(84)/Open(4) 99 High Voltage Breakers Building Sq Ft 33.21 LO(35)/Defeasance(81)/Open(4) 100 800 South Industry Sq.Ft. 58.24 LO(53)/Grtr1% Or YM(65)/Open(4) 101 South Garfield Avenue Sq Ft 34.97 LO(35)/Defeasance(21)/Open(4) 102 Belvedere Tiburon Office Park Sq.Ft. 126.55 LO(29)/Defeasance(87)/Open(4) 103 Heritage Apartments Units 15,380.56 LO(35)/Defeasance(78)/Open(7) 104 West Walnut Street Sq Ft 36.25 LO(35)/Defeasance(21)/Open(4) 105 Creekstone Duplexes 44 Units 49,357.57 LO(47)/Defeasance(72)/Open(1) 106 Buena Park Shopping Center Sq.Ft. 48.60 LO(47)/Defeasance(72)/Open(1) 107 Sunset Village Sq Ft 162.38 LO(35)/Flex(81)/Open(4) 108 Tanglewood Apartments Units 16,101.62 LO(35)/Defeasance(78)/Open(7) 109 Chaparral Plaza Sq Ft 107.24 LO(35)/Defeasance(21)/Open(4) 110 Villas at the Woodlands Apartments Units 32,394.65 LO(30)/Defeasance(86)/Open(4) 111 Creekstone Duplexes 42 Units 49,286.84 LO(47)/Defeasance(72)/Open(1) 112 Eastowne Plaza II Sq.Ft. 86.99 LO(26)/Defeasance(90)/Open(4) 113 Handy Storage Units 3,297.37 LO(33)/Defeasance(83)/Open(4) 114 Golden State Business Park Sq Ft 35.47 LO(35)/Defeasance(81)/Open(4) 115 PETsMART, Dallas, TX Sq Ft 68.88 LO(35)/Defeasance(81)/Open(4) 116 The Michigan Building and The V Building Sq.Ft. 54.77 LO(61)/Grtr1% Or YM(55)/Open(4) 116a The Michigan Building Sq.Ft. 116b The V Building Sq.Ft. 117 Brentwood House Shopping Center Sq Ft 69.83 LO(35)/Defeasance(81)/Open(4) 118 Fairground Village Units 27,377.21 LO(35)/Defeasance(81)/Open(4) 119 Elsinore/Staples Store Sq Ft 95.51 LO(35)/Defeasance(81)/Open(4) 120 Puerto Vista Mobile Estates Units 10,078.70 LO(35)/Defeasance(81)/Open(4) 121 Hickory Hollow Shopping Center Sq Ft 76.28 LO(35)/Defeasance(81)/Open(4) 122 Commercenter Business Park Sq Ft 23.63 LO(36)/Defeasance(80)/Open(4) 123 San Rafael Business Center Sq Ft 42.67 LO(35)/Flex(81)/Open(4) 124 Desert Sage Apartments Units 17,141.29 LO(35)/Defeasance(81)/Open(4) 125 Garfield Avenue Sq Ft 39.72 LO(35)/Defeasance(81)/Open(4) 52 Celebration VII 53 Montecito Apartments 726,656 12/31/2000 858,983 54 701 Del Norte 520,606 55 Port Royal Village 656,456 12/31/2000 608,410 56 Corvallis Apartment Portfolio 730,254 12/31/1999 770,085 57 Gettysburg Shopping Center 909,162 12/31/1999 813,557 58 Capistrano Surf Center 533,079 12/31/1999 572,664 59 Ardentech Court 764,314 12/31/1999 826,499 60 L&R Auto Park - Broadway 608,399 61 Valencia Executive Plaza 571,537 12/31/2000 758,963 62 CVS Portfolio 266,692 12/31/1999 266,692 62a CVS Portfolio - Bethlehem 266,692 12/31/1999 266,692 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 162,207 64 Williamsburg Village Shopping Center 743,062 65 Main Street Shopping Center 517,920 12/31/1999 500,191 66 Audubon Square 67 Target Shopping Center 68 Seville Plaza Shopping Center 443,502 12/31/2000 671,802 69 Crystal Springs Shopping Center 70 Woods at Southlake 475,691 12/31/2000 495,063 71 Brookhollow Business Park 72 Anna's Vineyard Apartments 385,986 12/31/2000 315,090 73 Bullard West Apartments 74 Hastings Drive 255,170 75 Abbey House 383,272 76 Railroad Industrial 418,258 12/31/2000 410,306 77 West Allen Plaza 78 1 & 3 Marcus Boulevard 511,109 12/31/2000 530,066 79 Stratford Arms Apartments 439,768 12/31/2000 470,500 80 First and Cedar Building 756,170 12/31/2000 816,780 81 Shenandoah Square 462,584 12/31/2000 469,965 82 Southfield Commerce Center 408,860 12/31/2000 446,828 83 Eckerd Drug Portfolio 263,614 83a Eckerd Drug - Spartanburg 263,614 83b Eckerd Drug - Greenville 263,614 84 Heather Glen Apartments 355,482 12/31/2000 392,221 85 Hathaway Building 459,744 86 Gelb Plaza-Encino 468,833 12/31/1999 436,031 87 Bryman Office 88 Braeswood Atrium 172,364 89 Westcreek and California Garden Apartments 375,271 12/31/1999 386,816 90 East Grand Business Center 531,274 12/31/2000 775,198 91 Cambridge Square Apartments 374,102 12/31/1999 365,391 92 Juliet Office Park - Building C & D 93 Otis Spunkmeyer Headquarters 454,609 94 Burgundy House Apartments 352,483 12/31/1999 419,754 95 Golden Estates 320,768 4/30/2000 311,905 96 4350 - 4374 Transport Street 399,895 12/31/1999 374,477 97 Bedrosian Industrial Building 291,006 12/31/2000 304,119 98 Hazel Crest Shopping Center 330,264 12/31/2000 334,775 99 High Voltage Breakers Building 487,920 12/31/1999 508,420 100 800 South Industry 61,718 12/31/2000 187,573 101 South Garfield Avenue 279,915 12/31/1999 229,427 102 Belvedere Tiburon Office Park 445,084 12/31/2000 444,500 103 Heritage Apartments 365,858 12/31/1999 471,262 104 West Walnut Street 209,995 12/31/1999 215,923 105 Creekstone Duplexes 44 106 Buena Park Shopping Center 259,631 12/31/1999 257,331 107 Sunset Village 108 Tanglewood Apartments 217,622 12/31/1999 296,992 109 Chaparral Plaza 239,308 110 Villas at the Woodlands Apartments 223,661 12/31/2000 236,501 111 Creekstone Duplexes 42 112 Eastowne Plaza II 113 Handy Storage 364,773 12/31/2000 456,970 114 Golden State Business Park 65,583 12/31/1999 263,811 115 PETsMART, Dallas, TX 116 The Michigan Building and The V Building 270,606 12/31/2000 277,393 116a The Michigan Building 150,220 12/31/2000 157,249 116b The V Building 120,386 12/31/2000 120,144 117 Brentwood House Shopping Center 276,540 12/31/2000 285,754 118 Fairground Village 119 Elsinore/Staples Store 311,237 12/31/1999 311,206 120 Puerto Vista Mobile Estates 216,967 12/31/2000 217,666 121 Hickory Hollow Shopping Center 202,130 12/31/2000 228,636 122 Commercenter Business Park 258,622 12/31/2000 271,942 123 San Rafael Business Center 201,228 12/31/1999 212,791 124 Desert Sage Apartments 124,034 3/31/2000 113,583 125 Garfield Avenue 52 Celebration VII 53 Montecito Apartments 12/31/2001 893,895 5/31/2002 54 701 Del Norte 12/31/2001 559,642 4/30/2002 55 Port Royal Village 12/31/2001 700,477 5/31/2002 56 Corvallis Apartment Portfolio 12/31/2000 791,770 12/31/2001 57 Gettysburg Shopping Center 12/31/2000 788,016 12/31/2001 58 Capistrano Surf Center 12/31/2000 597,349 12/31/2001 59 Ardentech Court 12/31/2000 857,485 12/31/2001 60 L&R Auto Park - Broadway Annualized 12/01 660,000 Trailing 9 03/02 61 Valencia Executive Plaza 12/31/2001 823,332 4/30/2002 62 CVS Portfolio 12/31/2000 266,692 12/31/2001 62a CVS Portfolio - Bethlehem 12/31/2000 266,692 12/31/2001 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 12/31/2000 530,966 12/31/2001 64 Williamsburg Village Shopping Center 12/31/2001 867,552 6/30/2002 65 Main Street Shopping Center 12/31/2000 496,339 12/31/2001 66 Audubon Square 67 Target Shopping Center 68 Seville Plaza Shopping Center 12/31/2001 706,678 5/31/2002 69 Crystal Springs Shopping Center 70 Woods at Southlake 12/31/2001 460,390 5/31/2002 71 Brookhollow Business Park 565,401 12/31/2001 72 Anna's Vineyard Apartments 12/31/2001 383,374 6/30/2002 73 Bullard West Apartments 74 Hastings Drive 12/31/2001 284,726 5/31/2002 75 Abbey House 12/31/2000 393,276 12/31/2001 76 Railroad Industrial 12/31/2001 394,168 4/30/2002 77 West Allen Plaza 483,839 5/31/2002 78 1 & 3 Marcus Boulevard 9/30/2001 685,027 4/30/2002 79 Stratford Arms Apartments 12/31/2001 485,940 5/31/2002 80 First and Cedar Building 12/31/2001 835,923 5/31/2002 81 Shenandoah Square 12/31/2001 450,774 2/28/2002 82 Southfield Commerce Center 12/31/2001 487,693 5/31/2002 83 Eckerd Drug Portfolio 12/31/2000 283,423 9/10/2001 83a Eckerd Drug - Spartanburg 12/31/2000 283,423 9/10/2001 83b Eckerd Drug - Greenville 12/31/2000 283,423 9/10/2001 84 Heather Glen Apartments 12/31/2001 382,506 4/30/2002 85 Hathaway Building 12/31/2000 471,570 12/31/2001 86 Gelb Plaza-Encino 12/31/2000 488,075 12/31/2001 87 Bryman Office 88 Braeswood Atrium 12/20/2001 217,259 2/20/2002 89 Westcreek and California Garden Apartments 12/31/2000 394,342 12/31/2001 90 East Grand Business Center 12/31/2001 772,950 3/31/2002 91 Cambridge Square Apartments 12/31/2000 393,127 12/31/2001 92 Juliet Office Park - Building C & D 425,013 4/30/2002 93 Otis Spunkmeyer Headquarters 12/31/2000 468,978 12/31/2001 94 Burgundy House Apartments 12/31/2000 414,224 12/31/2001 95 Golden Estates 4/30/2001 374,123 12/31/2001 96 4350 - 4374 Transport Street 12/31/2000 373,999 12/31/2001 97 Bedrosian Industrial Building 12/31/2001 300,663 7/31/2002 98 Hazel Crest Shopping Center 12/31/2001 515,000 6/1/2002 99 High Voltage Breakers Building 12/31/2000 526,150 12/31/2001 100 800 South Industry 12/31/2001 241,755 6/30/2002 101 South Garfield Avenue 12/31/2000 301,132 12/31/2001 102 Belvedere Tiburon Office Park 12/31/2001 505,489 6/30/2002 103 Heritage Apartments 12/31/2000 436,521 12/31/2001 104 West Walnut Street 12/31/2000 215,259 12/31/2001 105 Creekstone Duplexes 44 106 Buena Park Shopping Center 12/31/2000 258,174 12/31/2001 107 Sunset Village 108 Tanglewood Apartments 12/31/2000 300,865 12/31/2001 109 Chaparral Plaza 12/31/2001 310,654 3/31/2002 110 Villas at the Woodlands Apartments 12/31/2001 251,709 5/31/2002 111 Creekstone Duplexes 42 112 Eastowne Plaza II 191,494 4/30/2002 113 Handy Storage 12/31/2001 448,630 5/1/2002 114 Golden State Business Park 12/31/2000 371,024 12/31/2001 115 PETsMART, Dallas, TX 270,574 12/31/2001 116 The Michigan Building and The V Building 12/31/2001 260,590 6/30/2002 116a The Michigan Building 12/31/2001 133,733 6/30/2002 116b The V Building 12/31/2001 126,857 6/30/2002 117 Brentwood House Shopping Center 12/31/2001 306,362 4/1/2002 118 Fairground Village 119 Elsinore/Staples Store 12/31/2000 311,337 12/31/2001 120 Puerto Vista Mobile Estates 12/31/2001 208,796 3/31/2002 121 Hickory Hollow Shopping Center 12/31/2001 224,572 4/1/2002 122 Commercenter Business Park 12/31/2001 264,607 6/30/2002 123 San Rafael Business Center 12/31/2000 248,620 12/31/2001 124 Desert Sage Apartments 3/31/2001 127,511 3/31/2002 125 Garfield Avenue 154,630 Annualized 11/01 - 03/02 52 Celebration VII 986,641 996,607 9,966 53 Montecito Apartments 758,028 1,469,386 711,358 54 701 Del Norte 669,121 883,139 214,018 55 Port Royal Village 641,572 1,093,463 451,891 56 Corvallis Apartment Portfolio 808,037 1,336,181 528,144 57 Gettysburg Shopping Center 759,062 1,030,714 271,652 58 Capistrano Surf Center 612,744 799,116 186,372 59 Ardentech Court 754,640 984,194 229,554 60 L&R Auto Park - Broadway 608,190 627,000 18,810 61 Valencia Executive Plaza 620,295 924,292 303,997 62 CVS Portfolio 581,289 635,895 54,606 62a CVS Portfolio - Bethlehem 290,095 335,695 45,600 62b CVS Portfolio - Hellertown 152,048 156,750 4,703 62c CVS Portfolio - Lehigh Street 139,147 143,450 4,304 63 Weber Street Building 580,958 904,426 323,468 64 Williamsburg Village Shopping Center 756,729 1,039,085 282,356 65 Main Street Shopping Center 520,486 672,891 152,405 66 Audubon Square 513,407 666,552 153,145 67 Target Shopping Center 661,689 889,176 227,487 68 Seville Plaza Shopping Center 598,014 807,908 209,894 69 Crystal Springs Shopping Center 624,940 789,610 164,669 70 Woods at Southlake 479,613 871,678 392,065 71 Brookhollow Business Park 547,507 721,200 173,693 72 Anna's Vineyard Apartments 432,895 910,818 477,923 73 Bullard West Apartments 452,842 640,395 187,553 74 Hastings Drive 440,456 614,814 174,358 75 Abbey House 420,280 776,454 356,174 76 Railroad Industrial 429,996 557,686 127,690 77 West Allen Plaza 429,259 623,915 194,656 78 1 & 3 Marcus Boulevard 549,382 951,116 401,734 79 Stratford Arms Apartments 432,949 729,873 296,924 80 First and Cedar Building 630,854 1,039,328 408,474 81 Shenandoah Square 413,849 537,788 123,939 82 Southfield Commerce Center 419,049 692,540 273,491 83 Eckerd Drug Portfolio 515,398 625,466 110,068 83a Eckerd Drug - Spartanburg 257,807 312,845 55,037 83b Eckerd Drug - Greenville 257,591 312,621 55,031 84 Heather Glen Apartments 381,192 733,256 352,064 85 Hathaway Building 433,090 747,446 314,356 86 Gelb Plaza-Encino 446,317 657,819 211,502 87 Bryman Office 534,878 708,797 173,919 88 Braeswood Atrium 388,293 908,543 520,250 89 Westcreek and California Garden Apartments 370,017 808,124 438,107 90 East Grand Business Center 469,128 542,273 73,145 91 Cambridge Square Apartments 367,866 601,453 233,586 92 Juliet Office Park - Building C & D 353,847 441,988 88,141 93 Otis Spunkmeyer Headquarters 433,633 453,230 19,597 94 Burgundy House Apartments 424,166 912,455 488,289 95 Golden Estates 382,063 840,299 458,236 96 4350 - 4374 Transport Street 362,237 493,033 130,796 97 Bedrosian Industrial Building 321,296 415,444 94,148 98 Hazel Crest Shopping Center 403,095 864,644 461,549 99 High Voltage Breakers Building 376,583 449,161 72,578 100 800 South Industry 302,866 402,203 99,337 101 South Garfield Avenue 291,260 378,502 87,242 102 Belvedere Tiburon Office Park 404,234 565,850 161,616 103 Heritage Apartments 388,038 772,499 384,461 104 West Walnut Street 276,287 361,640 85,354 105 Creekstone Duplexes 44 256,129 331,320 86,191 106 Buena Park Shopping Center 267,796 347,351 79,556 107 Sunset Village 279,547 352,787 73,239 108 Tanglewood Apartments 301,458 737,958 436,500 109 Chaparral Plaza 284,610 388,027 103,417 110 Villas at the Woodlands Apartments 250,695 395,505 144,810 111 Creekstone Duplexes 42 244,361 316,260 82,399 112 Eastowne Plaza II 241,881 294,072 52,191 113 Handy Storage 383,239 605,220 221,981 114 Golden State Business Park 324,806 417,968 93,162 115 PETsMART, Dallas, TX 237,042 326,797 89,755 116 The Michigan Building and The V Building 263,659 329,181 65,522 116a The Michigan Building 146,263 178,306 32,043 116b The V Building 117,396 150,875 33,479 117 Brentwood House Shopping Center 248,565 365,772 117,207 118 Fairground Village 232,394 389,025 156,631 119 Elsinore/Staples Store 212,547 260,736 48,189 120 Puerto Vista Mobile Estates 203,933 336,992 133,059 121 Hickory Hollow Shopping Center 196,111 263,194 67,083 122 Commercenter Business Park 263,245 474,468 211,224 123 San Rafael Business Center 219,478 282,326 62,848 124 Desert Sage Apartments 145,740 274,025 128,285 125 Garfield Avenue 156,912 194,948 38,036 52 Celebration VII 976,356 10,285 Walt Disney World Co. 53 Montecito Apartments 710,028 48,000 54 701 Del Norte 587,870 18,815 Grateful Palate, Inc. 55 Port Royal Village 622,172 19,400 56 Corvallis Apartment Portfolio 744,437 63,600 57 Gettysburg Shopping Center 690,586 14,076 Fleming Foods 58 Capistrano Surf Center 564,120 5,202 Agostino Ristorante 59 Ardentech Court 643,222 11,118 Versicor, Inc 60 L&R Auto Park - Broadway 597,537 10,653 L&R Auto Park 61 Valencia Executive Plaza 557,040 13,988 Kaiser Permanente 62 CVS Portfolio 563,824 1,770 CVS 62a CVS Portfolio - Bethlehem 286,145 1,770 CVS 62b CVS Portfolio - Hellertown 145,290 - CVS 62c CVS Portfolio - Lehigh Street 132,389 - CVS 63 Weber Street Building 540,629 9,321 Sparks, Wilson, Borges, Brandt & Johnson PC 64 Williamsburg Village Shopping Center 664,582 21,281 Brookshire 65 Main Street Shopping Center 489,885 9,700 ALBERTSON'S 66 Audubon Square 495,204 3,066 Panera Bread 67 Target Shopping Center 620,670 11,888 Linen's & Things 68 Seville Plaza Shopping Center 510,440 32,693 Aaron's Rental Purchase 69 Crystal Springs Shopping Center 600,923 10,050 Publix 70 Woods at Southlake 437,613 42,000 71 Brookhollow Business Park 501,156 6,943 Woodside Homes of CA 72 Anna's Vineyard Apartments 396,895 36,000 73 Bullard West Apartments 436,842 16,000 74 Hastings Drive 409,154 10,310 Corporate Resource Systems, Inc. 75 Abbey House 420,280 24,000 76 Railroad Industrial 375,885 22,854 Apex Computer 77 West Allen Plaza 405,542 3,876 Murrays Discount Auto Stores 78 1 & 3 Marcus Boulevard 441,773 15,632 AFLAC 79 Stratford Arms Apartments 397,949 35,000 80 First and Cedar Building 528,090 11,617 Cutter & Buck 81 Shenandoah Square 356,766 16,769 Food Lion 82 Southfield Commerce Center 364,526 22,317 Bonal Tech 83 Eckerd Drug Portfolio 512,125 3,272 Eckerd Drug 83a Eckerd Drug - Spartanburg 256,171 1,636 Eckerd Drug 83b Eckerd Drug - Greenville 255,954 1,636 Eckerd Drug 84 Heather Glen Apartments 356,892 24,300 85 Hathaway Building 376,041 9,649 ICFFA, Inc. 86 Gelb Plaza-Encino 399,830 6,687 Gallerie Salon, Inc. 87 Bryman Office 441,463 14,414 High-Tech Institute, Inc. 88 Braeswood Atrium 343,885 44,408 89 Westcreek and California Garden Apartments 322,387 47,630 90 East Grand Business Center 415,376 12,975 Expeditors International of Washington, Inc. 91 Cambridge Square Apartments 346,323 21,543 92 Juliet Office Park - Building C & D 325,157 4,789 Bank of Nevada 93 Otis Spunkmeyer Headquarters 363,774 32,661 Otis Spunkmeyer, Inc. 94 Burgundy House Apartments 384,266 39,900 95 Golden Estates 370,078 11,985 96 4350 - 4374 Transport Street 314,277 19,656 Ferguson Enterprises 97 Bedrosian Industrial Building 280,521 9,156 Paragon Industries (dba Bedrosian's Tile and Marble) 98 Hazel Crest Shopping Center 341,583 12,570 Mid K Beauty Supply 99 High Voltage Breakers Building 338,493 10,590 GE-HITACHI-HVB, Inc. 100 800 South Industry 265,987 7,109 IKON 101 South Garfield Avenue 261,154 13,106 Essential Freight Systems, Inc. 102 Belvedere Tiburon Office Park 354,675 5,319 Pension Benefit 103 Heritage Apartments 352,038 36,000 104 West Walnut Street 251,453 10,234 Best Trends 105 Creekstone Duplexes 44 245,129 11,000 106 Buena Park Shopping Center 252,788 6,617 Albertson's 107 Sunset Village 265,939 2,108 Jimmy K's Antiques 108 Tanglewood Apartments 262,386 39,072 109 Chaparral Plaza 268,834 2,958 Red, Hot & Blue 110 Villas at the Woodlands Apartments 234,695 16,000 111 Creekstone Duplexes 42 233,861 10,500 112 Eastowne Plaza II 229,833 3,488 Pier 1 Imports 113 Handy Storage 374,098 9,141 114 Golden State Business Park 271,303 17,703 Internet Plus 115 PETsMART, Dallas, TX 218,636 3,906 PETsMART, Inc. 116 The Michigan Building and The V Building 233,898 9,648 Various 116a The Michigan Building 129,001 5,785 Zein Group International 116b The V Building 104,897 3,863 Greater Intergroup Association of Alcoholics Anonymous 117 Brentwood House Shopping Center 217,293 9,672 J&S Hams 118 Fairground Village 220,394 12,000 119 Elsinore/Staples Store 196,638 4,809 Staples, Inc. 120 Puerto Vista Mobile Estates 197,183 6,750 121 Hickory Hollow Shopping Center 176,803 4,908 Experts on Sight 122 Commercenter Business Park 205,805 13,640 GSA (Forest Service) 123 San Rafael Business Center 194,762 5,149 Frito-Lay 124 Desert Sage Apartments 129,740 16,000 125 Garfield Avenue 141,754 3,757 Double D Enterprises 52 Celebration VII 68,566 6/30/2012 53 Montecito Apartments 54 701 Del Norte 19,737 6/30/2005 Xibeo 55 Port Royal Village 56 Corvallis Apartment Portfolio 57 Gettysburg Shopping Center 49,910 1/31/2009 Hollywood Entertainment 58 Capistrano Surf Center 4,650 7/31/2006 Productive Learning & Leidure 59 Ardentech Court 55,588 11/19/2009 60 L&R Auto Park - Broadway 106,529 5/31/2016 61 Valencia Executive Plaza 10,934 12/18/2007 Executive Suites 62 CVS Portfolio 33,500 Various 62a CVS Portfolio - Bethlehem 13,500 1/1/2017 20 Min. Inc. 62b CVS Portfolio - Hellertown 10,000 1/31/2012 62c CVS Portfolio - Lehigh Street 10,000 1/31/2012 63 Weber Street Building 17,239 7/31/2012 Van Gilder Insurance Corp. 64 Williamsburg Village Shopping Center 35,000 4/30/2006 Mr. Gatti Pizza Parlor 65 Main Street Shopping Center 28,688 7/1/2014 BAKER'S SQUARE 66 Audubon Square 4,441 9/30/2011 Rockaway Bedding 67 Target Shopping Center 32,000 4/30/2012 Michael's 68 Seville Plaza Shopping Center 28,999 11/19/2005 Consolidated Stores (Big Lots) 69 Crystal Springs Shopping Center 44,271 10/1/2021 Blockbuster 70 Woods at Southlake 71 Brookhollow Business Park 5,466 3/31/2007 Prudential/Pickford Realty, Lt 72 Anna's Vineyard Apartments 73 Bullard West Apartments 74 Hastings Drive 28,422 5/31/2009 Banner Plumbing Supply, Inc. 75 Abbey House 76 Railroad Industrial 24,000 9/30/2006 Milton Greens 77 West Allen Plaza 8,400 9/30/2011 Loveland's Hallmark 78 1 & 3 Marcus Boulevard 18,593 12/31/2006 Research Foundation of NY 79 Stratford Arms Apartments 80 First and Cedar Building 23,858 10/31/2002 Paradigm Comm Group 81 Shenandoah Square 28,350 9/27/2012 Peebles Department Store 82 Southfield Commerce Center 11,603 5/31/2003 Grigg Graphic Services 83 Eckerd Drug Portfolio 21,816 Various 83a Eckerd Drug - Spartanburg 10,908 10/16/2021 83b Eckerd Drug - Greenville 10,908 1/27/2020 84 Heather Glen Apartments 85 Hathaway Building 3,693 6/30/2003 Pacific Republic Mortgage Corp. 86 Gelb Plaza-Encino 4,400 9/22/2006 Field Dynamics 87 Bryman Office 72,072 2/28/2008 88 Braeswood Atrium 89 Westcreek and California Garden Apartments 90 East Grand Business Center 51,900 11/30/2005 91 Cambridge Square Apartments 92 Juliet Office Park - Building C & D 11,831 11/30/2016 RBF Consulting Inc. 93 Otis Spunkmeyer Headquarters 90,725 7/31/2005 94 Burgundy House Apartments 95 Golden Estates 96 4350 - 4374 Transport Street 26,800 6/30/2007 Further, Inc. 97 Bedrosian Industrial Building 11,934 4/30/2012 Health for All 98 Hazel Crest Shopping Center 15,000 10/30/2013 Dollar General Store 99 High Voltage Breakers Building 70,600 1/31/2006 100 800 South Industry 7,648 2/28/2005 Community Planning 101 South Garfield Avenue 65,531 3/31/2005 102 Belvedere Tiburon Office Park 3,600 11/14/2003 Questus 103 Heritage Apartments 104 West Walnut Street 60,200 1/31/2005 105 Creekstone Duplexes 44 106 Buena Park Shopping Center 30,110 10/31/2014 Rite Aid 107 Sunset Village 4,570 2/28/2007 LA Gym Equipment 108 Tanglewood Apartments 109 Chaparral Plaza 4,280 6/30/2010 Expressions in Tile 110 Villas at the Woodlands Apartments 111 Creekstone Duplexes 42 112 Eastowne Plaza II 8,407 2/28/2011 Hunan Gardens 113 Handy Storage 114 Golden State Business Park 11,300 10/31/2007 C.A. Redding Company 115 PETsMART, Dallas, TX 26,040 1/31/2014 116 The Michigan Building and The V Building Various Various Various 116a The Michigan Building 8,924 8/31/2005 Neuschwanger Enterprises dba Packaging Specialites 116b The V Building 3,354 11/30/2004 Greater Seattle Floors 117 Brentwood House Shopping Center 3,240 8/31/2003 Soccer USA 118 Fairground Village 119 Elsinore/Staples Store 17,176 1/31/2007 120 Puerto Vista Mobile Estates 121 Hickory Hollow Shopping Center 4,200 11/30/2003 S&K Famous Brands 122 Commercenter Business Park 19,308 5/31/2003 AG Communications 123 San Rafael Business Center 4,365 MTM Cyr Miller Smoothill 124 Desert Sage Apartments 125 Garfield Avenue 4,041 2/14/2003 Natura-Genics 52 Celebration VII 53 Montecito Apartments 54 701 Del Norte 11,902 2/28/2006 Prosource of Oxnard 55 Port Royal Village 56 Corvallis Apartment Portfolio 57 Gettysburg Shopping Center 6,500 4/30/2010 Auto Zone 58 Capistrano Surf Center 3,558 8/31/2003 The Dentist's Choice 59 Ardentech Court 60 L&R Auto Park - Broadway 61 Valencia Executive Plaza 10,500 6/30/2007 Greg Kincaid d/b/a Sage Staffi 62 CVS Portfolio 62a CVS Portfolio - Bethlehem 1,400 11/1/2003 Bodies in Motion 62b CVS Portfolio - Hellertown 62c CVS Portfolio - Lehigh Street 63 Weber Street Building 11,763 7/31/2012 Kane, Donley & Johnson PC 64 Williamsburg Village Shopping Center 7,200 11/30/2003 Kelly-Moore Paint Company 65 Main Street Shopping Center 4,550 3/31/2003 IDEAL CLEANERS 66 Audubon Square 3,200 10/1/1999 Hollywood Tanning Systems, Inc. 67 Target Shopping Center 23,753 12/31/2011 Office Max 68 Seville Plaza Shopping Center 28,675 1/31/2006 Bellsouth Telecommunications 69 Crystal Springs Shopping Center 4,800 12/31/2006 Hallmark Cards 70 Woods at Southlake 71 Brookhollow Business Park 3,782 5/31/2004 Lyall Turbosonics, Inc. 72 Anna's Vineyard Apartments 73 Bullard West Apartments 74 Hastings Drive 23,991 7/31/2004 DHL Worldwide Express, Inc. 75 Abbey House 76 Railroad Industrial 15,000 4/30/2004 A-Top 77 West Allen Plaza 4,562 12/31/2006 Wholesome Group LLC (Panera Bread) 78 1 & 3 Marcus Boulevard 10,827 11/15/2009 Citicorp North America, Inc 79 Stratford Arms Apartments 80 First and Cedar Building 5,384 6/30/2004 Great Northwest 81 Shenandoah Square 17,765 1/31/2011 Ace Hardware 82 Southfield Commerce Center 10,925 2/28/2005 Sav-On Drugs 83 Eckerd Drug Portfolio 83a Eckerd Drug - Spartanburg 83b Eckerd Drug - Greenville 84 Heather Glen Apartments 85 Hathaway Building 3,457 6/30/2005 Saxe, Roth, Dokovan, Schwartz CPA 86 Gelb Plaza-Encino 3,957 11/30/2002 RMG Management, Inc. 87 Bryman Office 88 Braeswood Atrium 89 Westcreek and California Garden Apartments 90 East Grand Business Center 91 Cambridge Square Apartments 92 Juliet Office Park - Building C & D 6,006 12/31/2005 Lawyers Title 93 Otis Spunkmeyer Headquarters 94 Burgundy House Apartments 95 Golden Estates 96 4350 - 4374 Transport Street 7,576 2/28/2005 California Tile Supply 97 Bedrosian Industrial Building 8,400 5/31/2006 Trucksmart 98 Hazel Crest Shopping Center 8,340 7/30/2004 U.S. Postal Service 99 High Voltage Breakers Building 100 800 South Industry 7,266 8/31/2011 Trendwest Resorts 101 South Garfield Avenue 102 Belvedere Tiburon Office Park 2,588 9/30/2004 Crowe-Innes and Ass. 103 Heritage Apartments 104 West Walnut Street 105 Creekstone Duplexes 44 106 Buena Park Shopping Center 14,000 5/31/2003 107 Sunset Village 4,405 2/28/2007 Terra Bella-Italian Imports 108 Tanglewood Apartments 109 Chaparral Plaza 3,250 7/31/2006 Commonwealth Land Title 110 Villas at the Woodlands Apartments 111 Creekstone Duplexes 42 112 Eastowne Plaza II 4,143 8/31/2007 Rent-Way 113 Handy Storage 114 Golden State Business Park 10,490 9/30/2004 B & D Quality Water 115 PETsMART, Dallas, TX 116 The Michigan Building and The V Building Various Various Various 116a The Michigan Building 7,178 11/30/2004 Sudden Printing 116b The V Building 2,875 3/31/2003 CF Malm Engineers 117 Brentwood House Shopping Center 2,160 9/30/2003 Personal Touch Gifts 118 Fairground Village 119 Elsinore/Staples Store 120 Puerto Vista Mobile Estates 121 Hickory Hollow Shopping Center 3,600 1/31/2005 Mattress King 122 Commercenter Business Park 8,560 10/31/2005 Engineering Resources 123 San Rafael Business Center 3,635 MTM Berkeley Nucleonics 124 Desert Sage Apartments 125 Garfield Avenue 3,926 7/31/2004 Acu-Rite, Inc 52 Celebration VII 100.00% 53 Montecito Apartments 97.90% 54 701 Del Norte 9,358 12/31/2010 93.00% 55 Port Royal Village 86.30% 56 Corvallis Apartment Portfolio 98.11% 57 Gettysburg Shopping Center 4,000 5/31/2006 91.80% 58 Capistrano Surf Center 2,376 8/31/2004 100.00% 59 Ardentech Court 100.00% 60 L&R Auto Park - Broadway 100.00% 61 Valencia Executive Plaza 5,032 2/28/2004 100.00% 62 CVS Portfolio 100.00% 62a CVS Portfolio - Bethlehem 1,400 8/1/2003 100.00% 62b CVS Portfolio - Hellertown 100.00% 62c CVS Portfolio - Lehigh Street 100.00% 63 Weber Street Building 6,287 7/31/2010 87.70% 64 Williamsburg Village Shopping Center 6,800 7/31/2009 100.00% 65 Main Street Shopping Center 2,879 5/31/2007 97.15% 66 Audubon Square 2,400 2/10/2000 100.00% 67 Target Shopping Center 23,500 7/1/2016 100.00% 68 Seville Plaza Shopping Center 18,297 3/31/2006 95.30% 69 Crystal Springs Shopping Center 3,360 2/28/2007 100.00% 70 Woods at Southlake 95.80% 71 Brookhollow Business Park 2,486 8/31/2002 91.80% 72 Anna's Vineyard Apartments 97.90% 73 Bullard West Apartments 100.00% 74 Hastings Drive 16,322 3/14/2006 100.00% 75 Abbey House 99.00% 76 Railroad Industrial 10,500 7/31/2003 100.00% 77 West Allen Plaza 4,550 11/30/2011 100.00% 78 1 & 3 Marcus Boulevard 9,896 10/31/2004 100.00% 79 Stratford Arms Apartments 93.00% 80 First and Cedar Building 4,476 8/30/2005 98.20% 81 Shenandoah Square 11,941 5/31/2006 100.00% 82 Southfield Commerce Center 7,677 1/31/2004 96.20% 83 Eckerd Drug Portfolio 100.00% 83a Eckerd Drug - Spartanburg 100.00% 83b Eckerd Drug - Greenville 100.00% 84 Heather Glen Apartments 97.50% 85 Hathaway Building 3,145 7/31/2004 87.33% 86 Gelb Plaza-Encino 2,989 3/31/2012 93.42% 87 Bryman Office 100.00% 88 Braeswood Atrium 98.40% 89 Westcreek and California Garden Apartments 96.80% 90 East Grand Business Center 100.00% 91 Cambridge Square Apartments 100.00% 92 Juliet Office Park - Building C & D 3,054 8/5/2006 100.00% 93 Otis Spunkmeyer Headquarters 100.00% 94 Burgundy House Apartments 100.00% 95 Golden Estates 95.30% 96 4350 - 4374 Transport Street 5,084 10/31/2002 100.00% 97 Bedrosian Industrial Building 5,184 9/30/2006 89.10% 98 Hazel Crest Shopping Center 8,250 1/31/2012 92.10% 99 High Voltage Breakers Building 100.00% 100 800 South Industry 6,413 6/30/2005 89.20% 101 South Garfield Avenue 100.00% 102 Belvedere Tiburon Office Park 2,305 4/30/2003 98.60% 103 Heritage Apartments 100.00% 104 West Walnut Street 100.00% 105 Creekstone Duplexes 44 98.00% 106 Buena Park Shopping Center 100.00% 107 Sunset Village 2,715 2/28/2006 100.00% 108 Tanglewood Apartments 100.00% 109 Chaparral Plaza 2,100 12/31/2005 93.91% 110 Villas at the Woodlands Apartments 95.30% 111 Creekstone Duplexes 42 97.62% 112 Eastowne Plaza II 3,193 4/30/2005 100.00% 113 Handy Storage 90.20% 114 Golden State Business Park 10,463 8/31/2005 100.00% 115 PETsMART, Dallas, TX 100.00% 116 The Michigan Building and The V Building Various Various 100.00% 116a The Michigan Building 2,378 3/31/2004 100.00% 116b The V Building 1,740 9/30/2004 100.00% 117 Brentwood House Shopping Center 1,852 2/28/2003 98.16% 118 Fairground Village 95.00% 119 Elsinore/Staples Store 100.00% 120 Puerto Vista Mobile Estates 87.41% 121 Hickory Hollow Shopping Center 3,585 6/30/2003 90.83% 122 Commercenter Business Park 7,049 8/31/2003 100.00% 123 San Rafael Business Center 3,456 MTM 100.00% 124 Desert Sage Apartments 98.44% 125 Garfield Avenue 3,647 12/31/2003 100.00% 52 Celebration VII 6/28/2002 - - 53 Montecito Apartments 6/27/2002 - 3,712 54 701 Del Norte 6/18/2002 - - 55 Port Royal Village 7/15/2002 - 1,617 56 Corvallis Apartment Portfolio 4/24/2002 - - 57 Gettysburg Shopping Center 5/22/2002 - - 58 Capistrano Surf Center 2/4/2002 434 434 59 Ardentech Court 6/28/2002 - 926 60 L&R Auto Park - Broadway 6/1/2002 - - 61 Valencia Executive Plaza 7/22/2002 - 1,050 62 CVS Portfolio 4/1/2002 303 303 62a CVS Portfolio - Bethlehem 4/1/2002 148 148 62b CVS Portfolio - Hellertown 4/1/2002 83 83 62c CVS Portfolio - Lehigh Street 4/1/2002 83 83 63 Weber Street Building 7/16/2002 - 390 64 Williamsburg Village Shopping Center 6/30/2002 - 1,153 65 Main Street Shopping Center 8/12/2002 - 799 66 Audubon Square 5/16/2002 170 170 67 Target Shopping Center 5/4/2002 - - 68 Seville Plaza Shopping Center 6/1/2002 - 1,744 69 Crystal Springs Shopping Center 5/2/2002 - - 70 Woods at Southlake 5/24/2002 - 3,000 71 Brookhollow Business Park 7/15/2002 - - 72 Anna's Vineyard Apartments 6/25/2002 - 3,228 73 Bullard West Apartments 6/10/2002 - 1,250 74 Hastings Drive 5/24/2002 - 573 75 Abbey House 5/23/2002 2,000 2,000 76 Railroad Industrial 7/3/2002 - 1,350 77 West Allen Plaza 6/24/2002 - 166 78 1 & 3 Marcus Boulevard 6/27/2002 - - 79 Stratford Arms Apartments 7/25/2002 - 2,500 80 First and Cedar Building 6/20/2002 - 500 81 Shenandoah Square 3/31/2002 - 1,397 82 Southfield Commerce Center 6/1/2002 - 1,900 83 Eckerd Drug Portfolio 4/30/2002 - - 83a Eckerd Drug - Spartanburg 4/30/2002 - - 83b Eckerd Drug - Greenville 4/30/2002 - - 84 Heather Glen Apartments 8/15/2002 - 1,688 85 Hathaway Building 7/15/2002 - - 86 Gelb Plaza-Encino 3/21/2002 - - 87 Bryman Office 5/22/2002 - 1,201 88 Braeswood Atrium 6/27/2002 - 3,701 89 Westcreek and California Garden Apartments 8/1/2002 - 3,969 90 East Grand Business Center 3/25/2002 - 550 91 Cambridge Square Apartments 3/31/2002 - - 92 Juliet Office Park - Building C & D 6/20/2002 - 220 93 Otis Spunkmeyer Headquarters 5/22/2002 - - 94 Burgundy House Apartments 3/27/2002 - - 95 Golden Estates 4/1/2002 - - 96 4350 - 4374 Transport Street 7/25/2002 - - 97 Bedrosian Industrial Building 8/1/2002 - - 98 Hazel Crest Shopping Center 7/10/2002 - 753 99 High Voltage Breakers Building 7/18/2002 - - 100 800 South Industry 8/7/2002 - 296 101 South Garfield Avenue 3/25/2002 25,000 1,103 102 Belvedere Tiburon Office Park 6/30/2002 - - 103 Heritage Apartments 3/21/2002 - - 104 West Walnut Street 3/25/2002 - 843 105 Creekstone Duplexes 44 5/28/2002 917 917 106 Buena Park Shopping Center 3/1/2002 551 551 107 Sunset Village 4/8/2002 - - 108 Tanglewood Apartments 3/21/2002 - - 109 Chaparral Plaza 4/23/2002 - 247 110 Villas at the Woodlands Apartments 5/31/2002 - 1,066 111 Creekstone Duplexes 42 5/28/2002 875 875 112 Eastowne Plaza II 4/1/2002 20,000(LOC) - 113 Handy Storage 7/1/2002 9,700 - 114 Golden State Business Park 3/25/2002 - - 115 PETsMART, Dallas, TX 5/5/2002 - - 116 The Michigan Building and The V Building 6/25/2002 5,550 835 116a The Michigan Building 6/25/2002 116b The V Building 6/25/2002 117 Brentwood House Shopping Center 6/26/2002 - 802 118 Fairground Village 5/22/2002 - - 119 Elsinore/Staples Store 3/14/2002 - 407 120 Puerto Vista Mobile Estates 6/10/2002 - 563 121 Hickory Hollow Shopping Center 6/26/2002 - 406 122 Commercenter Business Park 6/21/2002 - 1,134 123 San Rafael Business Center 3/15/2002 - - 124 Desert Sage Apartments 5/28/2002 - 1,333 125 Garfield Avenue 4/23/2002 - 313 52 Celebration VII - - - 53 Montecito Apartments - - 5,406 54 701 Del Norte - - 7,565 55 Port Royal Village - - 4,105 56 Corvallis Apartment Portfolio - - - 57 Gettysburg Shopping Center - - 7,067 58 Capistrano Surf Center 3,583 3,583 4,966 59 Ardentech Court 1,316,580 5,367 11,302 60 L&R Auto Park - Broadway - - - 61 Valencia Executive Plaza - 4,166 6,022 62 CVS Portfolio - - 4,691 62a CVS Portfolio - Bethlehem - - 1,995 62b CVS Portfolio - Hellertown - - 1,112 62c CVS Portfolio - Lehigh Street - - 1,584 63 Weber Street Building - 2,500(13) 6,557 64 Williamsburg Village Shopping Center - 6,400 11,241 65 Main Street Shopping Center - 1,744 3,151 66 Audubon Square 1,250 1,250 5,892 67 Target Shopping Center - - - 68 Seville Plaza Shopping Center - 6,250 4,579 69 Crystal Springs Shopping Center - - - 70 Woods at Southlake - - 3,256 71 Brookhollow Business Park - - 9,695 72 Anna's Vineyard Apartments - - 10,742 73 Bullard West Apartments - - 312 74 Hastings Drive - 1,700 6,002 75 Abbey House - - 4,608 76 Railroad Industrial 35,000 2,500 4,820 77 West Allen Plaza 50,000 2,150(14) 6,771 78 1 & 3 Marcus Boulevard - - 10,343 79 Stratford Arms Apartments - - 2,947 80 First and Cedar Building - 3,000 5,550 81 Shenandoah Square - - 3,052 82 Southfield Commerce Center 100,000 2,500 12,397 83 Eckerd Drug Portfolio - - - 83a Eckerd Drug - Spartanburg - - - 83b Eckerd Drug - Greenville - - - 84 Heather Glen Apartments - - 3,071 85 Hathaway Building - - - 86 Gelb Plaza-Encino - - - 87 Bryman Office - - - 88 Braeswood Atrium - - 6,727 89 Westcreek and California Garden Apartments - - 4,643 90 East Grand Business Center - 6,000 2,322 91 Cambridge Square Apartments - - - 92 Juliet Office Park - Building C & D - 2,400 1,681 93 Otis Spunkmeyer Headquarters - - - 94 Burgundy House Apartments - - 4,899 95 Golden Estates - - 2,390 96 4350 - 4374 Transport Street - - 3,210 97 Bedrosian Industrial Building - - 2,539 98 Hazel Crest Shopping Center - 4,150 19,443 99 High Voltage Breakers Building - - - 100 800 South Industry - 1,500 3,098 101 South Garfield Avenue 100,000 - 2,420 102 Belvedere Tiburon Office Park - - 3,142 103 Heritage Apartments - - 4,695 104 West Walnut Street 100,000 - 3,295 105 Creekstone Duplexes 44 - - 2,750 106 Buena Park Shopping Center - - 2,587 107 Sunset Village - 958 1,500 108 Tanglewood Apartments - - 3,793 109 Chaparral Plaza - 900 3,852 110 Villas at the Woodlands Apartments - - 1,719 111 Creekstone Duplexes 42 - - 2,625 112 Eastowne Plaza II 48,000(LOC) - - 113 Handy Storage - - 4,114 114 Golden State Business Park - - 1,734 115 PETsMART, Dallas, TX - 900 - 116 The Michigan Building and The V Building - - 2,005 116a The Michigan Building 116b The V Building 117 Brentwood House Shopping Center 42,687 1,800 2,315 118 Fairground Village - - 4,264 119 Elsinore/Staples Store - 925 3,650 120 Puerto Vista Mobile Estates - - 3,212 121 Hickory Hollow Shopping Center - 1,200 2,509 122 Commercenter Business Park - 3,645 4,966 123 San Rafael Business Center - - 1,538 124 Desert Sage Apartments - - 1,544 125 Garfield Avenue 50,000 - 1,181 52 Celebration VII - 7/16/2002 7/15/2002 53 Montecito Apartments 2,854 1/7/2002 1/4/2002 54 701 Del Norte - 5/22/2002 5/17/2002 55 Port Royal Village - 10/12/2001 10/12/2001 56 Corvallis Apartment Portfolio - 4/10/2002 4/5/2002 57 Gettysburg Shopping Center - 3/14/2001 12/21/2001 58 Capistrano Surf Center 1,168 2/8/2002 2/8/2002 59 Ardentech Court 4,421 5/1/2002 5/3/2002 60 L&R Auto Park - Broadway - 5/20/2002 7/9/2002 61 Valencia Executive Plaza 680 5/2/2002 4/29/2002 62 CVS Portfolio - Various Various 62a CVS Portfolio - Bethlehem - 4/16/2002 4/18/2002 62b CVS Portfolio - Hellertown - 4/16/2002 4/18/2002 62c CVS Portfolio - Lehigh Street - 4/17/2002 4/16/2002 63 Weber Street Building 1,491 5/31/2002 7/1/2002 64 Williamsburg Village Shopping Center 2,063 8/22/2001 8/21/2001 65 Main Street Shopping Center 340 3/18/2002 2/21/2002 66 Audubon Square 1,156 7/8/2002 8/12/2002 67 Target Shopping Center - 7/12/2002 5/28/2002 68 Seville Plaza Shopping Center 2,439 10/3/2001 10/2/2001 69 Crystal Springs Shopping Center - 7/12/2002 5/27/2002 70 Woods at Southlake 2,038 12/11/2001 12/11/2001 71 Brookhollow Business Park - 6/25/2002 6/17/2002 72 Anna's Vineyard Apartments 1,121 8/8/2000 7/26/2000 73 Bullard West Apartments 523 4/24/2002 5/2/2002 74 Hastings Drive 1,022 2/21/2002 2/22/2002 75 Abbey House - 6/10/2002 6/10/2002 76 Railroad Industrial - 5/31/2002 5/24/2002 77 West Allen Plaza 896 3/13/2002 3/1/2002 78 1 & 3 Marcus Boulevard 489 9/26/2001 9/26/2001 79 Stratford Arms Apartments 1,769 12/12/2001 12/11/2001 80 First and Cedar Building 2,910 1/14/2002 2/20/2002 81 Shenandoah Square 1,066 5/16/2002 5/16/2002 82 Southfield Commerce Center 2,728 8/24/2001 8/22/2001 83 Eckerd Drug Portfolio - Various Various 83a Eckerd Drug - Spartanburg - 7/12/2002 5/24/2002 83b Eckerd Drug - Greenville - 6/25/2002 5/28/2002 84 Heather Glen Apartments 2,093 5/15/2002 5/15/2002 85 Hathaway Building - NAP 5/21/2002 86 Gelb Plaza-Encino - NAP 2/22/2002 87 Bryman Office - NAP 4/25/2002 88 Braeswood Atrium 2,908 4/1/2002 4/1/2002 89 Westcreek and California Garden Apartments 5,138 3/6/2002 6/11/2002 90 East Grand Business Center 527 4/19/2002 4/18/2002 91 Cambridge Square Apartments - NAP 3/20/2002 92 Juliet Office Park - Building C & D 842 10/23/2001 10/18/2001 93 Otis Spunkmeyer Headquarters - 5/15/2002 5/2/2002 94 Burgundy House Apartments 1,438 2/22/2002 2/21/2002 95 Golden Estates 1,132 NAP 2/11/2002 96 4350 - 4374 Transport Street - 6/14/2002 7/15/2002 97 Bedrosian Industrial Building 397 5/29/2002 6/18/2002 98 Hazel Crest Shopping Center 1,797 9/10/2001 9/10/2001 99 High Voltage Breakers Building - NAP 5/7/2002 100 800 South Industry - 1/31/2002 1/28/2002 101 South Garfield Avenue 1,628 NAP 2/20/2002 102 Belvedere Tiburon Office Park 260 3/14/2002 3/4/2002 103 Heritage Apartments 1,601 2/27/2002 2/14/2002 104 West Walnut Street 1,370 NAP 2/19/2002 105 Creekstone Duplexes 44 874 6/10/2002 6/7/2002 106 Buena Park Shopping Center - 3/26/2002 3/18/2002 107 Sunset Village 375 NAP 3/18/2002 108 Tanglewood Apartments 1,465 2/27/2002 2/11/2002 109 Chaparral Plaza 332 NAP 3/29/2002 110 Villas at the Woodlands Apartments 1,005 2/12/2002 2/12/2002 111 Creekstone Duplexes 42 844 6/10/2002 6/7/2002 112 Eastowne Plaza II - 4/18/2002 6/27/2002 113 Handy Storage 2,222 12/3/2001 12/3/2001 114 Golden State Business Park 277 NAP 11/13/2001 115 PETsMART, Dallas, TX - NAP 5/25/2002 116 The Michigan Building and The V Building 1,013 4/19/2002 4/8/2002 116a The Michigan Building 4/19/2002 4/8/2002 116b The V Building 4/19/2002 4/8/2002 117 Brentwood House Shopping Center 543 NAP 5/2/2002 118 Fairground Village 692 NAP 4/24/2002 119 Elsinore/Staples Store 321 NAP 2/28/2002 120 Puerto Vista Mobile Estates 195 NAP 5/2/2002 121 Hickory Hollow Shopping Center 363 NAP 5/2/2002 122 Commercenter Business Park 601 NAP 5/13/2002 123 San Rafael Business Center 565 NAP 5/14/2002 124 Desert Sage Apartments 668 NAP 5/10/2002 125 Garfield Avenue 195 NAP 4/2/2002 52 Celebration VII 7/1/2002 53 Montecito Apartments 12/26/2001 54 701 Del Norte 5/10/2002 55 Port Royal Village 10/10/2001 56 Corvallis Apartment Portfolio 3/26/2002 57 Gettysburg Shopping Center 6/1/2002 58 Capistrano Surf Center 1/10/2002 59 Ardentech Court 4/23/2002 60 L&R Auto Park - Broadway 5/20/2002 61 Valencia Executive Plaza 5/2/2002 62 CVS Portfolio 4/8/2002 62a CVS Portfolio - Bethlehem 4/8/2002 62b CVS Portfolio - Hellertown 4/8/2002 62c CVS Portfolio - Lehigh Street 4/8/2002 63 Weber Street Building 5/22/2002 64 Williamsburg Village Shopping Center 8/15/2001 65 Main Street Shopping Center 2/14/2002 66 Audubon Square 7/12/2002 67 Target Shopping Center 5/1/2002 68 Seville Plaza Shopping Center 9/28/2001 69 Crystal Springs Shopping Center 2/8/2002 70 Woods at Southlake 12/7/2001 71 Brookhollow Business Park 6/6/2002 72 Anna's Vineyard Apartments 7/20/2000 73 Bullard West Apartments 4/30/2002 74 Hastings Drive 6/1/2002 75 Abbey House 6/6/2002 76 Railroad Industrial 5/21/2002 77 West Allen Plaza 3/5/2002 78 1 & 3 Marcus Boulevard 9/13/2001 79 Stratford Arms Apartments 12/7/2001 80 First and Cedar Building 12/11/2001 81 Shenandoah Square 3/19/2002 82 Southfield Commerce Center 8/14/2001 83 Eckerd Drug Portfolio Various 83a Eckerd Drug - Spartanburg 5/7/2002 83b Eckerd Drug - Greenville 5/13/2002 84 Heather Glen Apartments 5/2/2002 85 Hathaway Building 5/24/2002 86 Gelb Plaza-Encino 2/21/2002 87 Bryman Office 4/22/2002 88 Braeswood Atrium 3/18/2002 89 Westcreek and California Garden Apartments 3/1/2002 90 East Grand Business Center 4/2/2002 91 Cambridge Square Apartments 3/6/2002 92 Juliet Office Park - Building C & D 11/15/2001 93 Otis Spunkmeyer Headquarters 5/13/2002 94 Burgundy House Apartments 2/7/2002 95 Golden Estates 2/18/2002 96 4350 - 4374 Transport Street 6/4/2002 97 Bedrosian Industrial Building 5/24/2002 98 Hazel Crest Shopping Center 9/10/2001 99 High Voltage Breakers Building 4/15/2002 100 800 South Industry 1/22/2002 101 South Garfield Avenue 2/14/2002 102 Belvedere Tiburon Office Park 3/8/2002 103 Heritage Apartments 2/16/2002 104 West Walnut Street 2/14/2002 105 Creekstone Duplexes 44 6/4/2002 106 Buena Park Shopping Center 1/22/2002 107 Sunset Village 3/15/2002 108 Tanglewood Apartments 2/16/2002 109 Chaparral Plaza 3/25/2002 110 Villas at the Woodlands Apartments 2/11/2002 111 Creekstone Duplexes 42 6/4/2002 112 Eastowne Plaza II 4/15/2002 113 Handy Storage 11/20/2001 114 Golden State Business Park 11/16/2001 115 PETsMART, Dallas, TX 5/23/2002 116 The Michigan Building and The V Building 3/21/2002 116a The Michigan Building 3/21/2002 116b The V Building 3/21/2002 117 Brentwood House Shopping Center 5/6/2002 118 Fairground Village 4/26/2002 119 Elsinore/Staples Store 1/25/2002 120 Puerto Vista Mobile Estates 5/3/2002 121 Hickory Hollow Shopping Center 4/26/2002 122 Commercenter Business Park 5/7/2002 123 San Rafael Business Center 5/17/2002 124 Desert Sage Apartments 5/2/2002 125 Garfield Avenue 3/12/2002
(1) BSCMI - Bear Stearns Commercial Mortgae Corporation, Inc., BSFI - Bear, Stearns Funding, Inc., PMCF - Prudential Mortgage Capital Funding, LLC, WFB - Wells Fargo Bank (2) Annual Debt Service payments and Monthly Debt Service payments for loans with partial interest-only periods are shown before the expiration of the interest-only period. (3) The 50 Danbury loan has interest only payments up to and including the September 1, 2004 payment date. The payment reflected represents the payment as of the cut-off date which is based on a 30 day month for September interest in arrears. The loan will then begin to amortize over a 300 month schedule with payments of $254,209.31being made over the remaining term of the loan. (4) The Shopps at Beacon Light loan was funded in an initial amount in June 2001 of $7,500,000 at a rate of 7.20% amortizing over a 300 month period. An earnout funding occurred In November 2001 of $1,000,000 at a rate of 7.38% amortizing over a 295 month period. The monthly payment from the initial funding is $53,969.15 and the monthly payment from the second funding is $7,355.30. (5) The Cherry Valley loan was funded in an initial amount in June 2002 of $7,300,000 at a rate of 7.275% amortizing over a 360 month period. An earndown of the initial interest rate occurred in August 2002 in the amount of 15bps to a rate of 7.125% amortizing over a 359 month period on a balance of $7,295,808.75. The monthly payment from the initial funding was $49,922.71. (6) On June 1, 2002, The Washington Square Medical Center note was amended to reflect an increase in the interest rate from 7.37% to 7.52% and an increase in monthly debt service from $49,704.08 to $50,459.48 effective after June 1, 2002. In addition, the loan was recast with the balance as of 6/1/02 of $7,186,410.72 to amortize over the remaining 357 months of the original amortization term. (7) The Eastgate Square - Phase VI loan was funded in an initial amount in February 2002 of $5,800,000 at a rate of 7.3300% amortizing over a 360 month period. An earnout funding occurred In August 2002 of $800,000 at a rate of 5.840% amortizing over a 353 month period. The monthly payment from the initial funding is $39,881.43 and the monthly payment from the second funding is $4,749.04. (8) On August 15, 2002, the Anna's Vineyard Apartments note was amended and restated to reflect the current terms. (9) Lockbox types are defined in the section entitled "Description of the Mortgage Pool - Cash Management Agreements" of the Prospectus Supplement (10) The 50 Danbury Road loan Monthly TI/LC Reserve Payments commence on May 1, 2007. (11) The 1111 North Capitol Street Building loan Monthly TI/LC Reserve Payments commence on October 1, 2008 unless the Smithsonian Institution renews it's lease to September 30, 2016 or an acceptable single tenant leases the space to September 30, 2016. (12) The Simi Valley Retail and Office Center loan Monthly TI/LC Reserve Payments decrease to $6,500 after the first 12 months of the loan term. (13) The Weber Street Building loan Monthly TI/LC Reserve Payments increase to $3,335 after the 24th month of the loan term, to $3,750 after the 48th month of the loan term, and to $4,165 until maturity. (14) The West Allen Plaza loan Monthly TI/LC Reserve Payments commence on June 1, 2004. -----END PRIVACY-ENHANCED MESSAGE-----