EFTA Document EFTA01382161

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