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Arapahoe Village Littleton, CO Closing Price: $6,000,000 Square Footage: 87,782 Price per Square Foot: $68.35 Cap Rate: 9.40% Occupancy: 88% Type: Retail Sale Date: 07/31/1995 Buyer: GDA Real Estate Services Seller: Commonwealth Realty Advisors

Boulevard Center I Denver, CO Closing Price: $13,210,000 Square Footage: 99,724 Price per Square Foot: $132.46 Cap Rate: 9.40% Occupancy: 97% Type: Retail Sale Date: 06/01/1996 Buyer: Regency Centers Seller: Chandelle Properties

Leetsdale Marketplace Denver, CO Closing Price: $12,800,000 Square Footage: 125,000 Price per Square Foot: $102.40 Cap Rate: 9.25% Occupancy: 97% Type: Retail Sale Date: 07/24/1996 Buyer: Regency Centers Seller: DTC Propterties

Buckley Square Aurora, CO Closing Price: $7,420,000 Square Footage: 121,606 Price per Square Foot: $61.02 Cap Rate: 9.25% Occupancy: 93% Type: Retail Sale Date: 11/27/1996 Buyer: Regency Centers Seller: LaSalle Advisors

Foxridge Professional Plaza Littleton, CO Closing Price: $1,950,000 Square Footage: 24,380 Price per Square Foot: $79.98 Cap Rate: 10.00% Occupancy: 85% Type: Office Sale Date: 01/28/1997 Buyer: Next Millennium Property Company Seller: Provident Life & Accident Insurance

23 Inverness Denver, CO Closing Price: $5,600,000 Square Footage: 56,634 Price per Square Foot: $98.88 Cap Rate: 9.00% Occupancy: 77% Type: Office Sale Date: 03/01/1999 Buyer: Noffsinger Manufacturing, Inc. Seller: MONY Real Estate Investements

Cherry Knolls Littleton, CO Closing Price: $11,800,000 Square Footage: 137,000 Price per Square Foot: $86.13 Cap Rate: 9.10% Occupancy: 98% Type: Retail Sale Date: 03/05/1999 Buyer: GDA Real Estate Services Seller: JMB/Heitman

7700 Arapahoe Englewood, CO Closing Price: $3,800,000 Square Footage: 37,500 Price per Square Foot: $101.33 Cap Rate: 9.70% Occupancy: 100% Type: Office Sale Date: 08/31/1999 Buyer: Stuart Gilbert Realty Company Seller: New Castle Properties Inc.

24 Inverness Englewood, CO Closing Price: $5,600,000 Square Footage: 70,000 Price per Square Foot: $80.00 Cap Rate: N_A Occupancy: 0% Type: Office Sale Date: 03/15/2000 Buyer: Ogilvie Properties, Inc. Seller: Hewlett Packard

Orchard One Englewood, CO Closing Price: $5,140,000 Square Footage: 46,606 Price per Square Foot: $110.29 Cap Rate: 10.20% Occupancy: 100% Type: Office Sale Date: 05/17/2000 Buyer: Stuart Gilbert Realty Company Seller: Legacy Partners

Iliff Commons Aurora, CO Closing Price: $7,400,000 Square Footage: 74,000 Price per Square Foot: $100.00 Cap Rate: 10.30% Occupancy: 94% Type: Retail Sale Date: 03/15/2001 Buyer: Bass & Company Seller: Alliance Commercial Partners

7400 E. Arapahoe Englewood, CO Closing Price: $3,850,000 Square Footage: 37,000 Price per Square Foot: $104.05 Cap Rate: 10.27% Occupancy: 95% Type: Office Sale Date: 06/01/2001 Buyer: ABC Capital Corp Seller: Next Millennium Property Company

Kipling Marketplace Lakewood, CO Closing Price: $9,000,000 Square Footage: 89,000 Price per Square Foot: $101.12 Cap Rate: 8.80% Occupancy: 92% Type: Retail Sale Date: 03/15/2002 Buyer: GMS Realty, LLC Seller: Etkin/Johnson Group, Inc.

Westminster Plaza Westminster, CO Closing Price: $8,730,000 Square Footage: 97,042 Price per Square Foot: $89.96 Cap Rate: 10.00% Occupancy: 100% Type: Retail Sale Date: 06/24/2002 Buyer: Weingarten Realty Investors Seller: Hunt Properties

Elk Bridge Center Evergreen, CO Closing Price: $3,760,000 Square Footage: 20,690 Price per Square Foot: $181.73 Cap Rate: 10.00% Occupancy: 90% Type: Retail Sale Date: 09/27/2002 Buyer: Mr. William Dicus Seller: Parkway Place Associates