(577,1,'2013-11-03 20:00:18','2013-11-03 20:00:18','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive<br /> experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national<br /> boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal<br /> Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-11-03 20:00:18','2013-11-03 20:00:18','',126,'http://www.prgim.com/126-revision-v1/',0,'revision','',0),(623,1,'2013-11-06 00:09:26','2013-11-06 00:09:26','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-11-06 00:09:26','2013-11-06 00:09:26','',126,'http://www.prgim.com/126-revision-v1/',0,'revision','',0),(576,1,'2013-11-03 19:59:15','2013-11-03 19:59:15','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was<br /> actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in<br /> industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-11-03 19:59:15','2013-11-03 19:59:15','',123,'http://www.prgim.com/123-revision-v1/',0,'revision','',0),(622,1,'2013-11-06 00:08:54','2013-11-06 00:08:54','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-11-06 00:08:54','2013-11-06 00:08:54','',123,'http://www.prgim.com/123-revision-v1/',0,'revision','',0),(575,1,'2013-11-03 19:58:36','2013-11-03 19:58:36','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with<br /> investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr.<br /> Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:58:36','2013-11-03 19:58:36','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(621,1,'2013-11-06 00:08:21','2013-11-06 00:08:21','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-06 00:08:21','2013-11-06 00:08:21','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(574,1,'2013-11-03 19:58:20','2013-11-03 19:58:20','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with<br /> investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:58:20','2013-11-03 19:58:20','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(573,1,'2013-11-03 19:57:49','2013-11-03 19:57:49','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford<br /> currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:57:49','2013-11-03 19:57:49','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(572,1,'2013-11-03 19:57:22','2013-11-03 19:57:22','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a<br /> Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest<br /> transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:57:22','2013-11-03 19:57:22','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(571,1,'2013-11-03 19:56:00','2013-11-03 19:56:00','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition<br /> strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern<br /> California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment<br /> Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an<br /> opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and<br /> dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s<br /> Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-03 19:56:00','2013-11-03 19:56:00','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(570,1,'2013-11-03 19:54:09','2013-11-03 19:54:09','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels.<br /> Furthermore, historically industrial areas gentrify into creative office hubs which pushes<br /> industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:54:09','2013-11-03 19:54:09','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(569,1,'2013-11-03 19:53:49','2013-11-03 19:53:49','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels.<br /> Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:53:49','2013-11-03 19:53:49','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(568,1,'2013-11-03 19:53:31','2013-11-03 19:53:31','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet<br /> interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of<br /> seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:53:31','2013-11-03 19:53:31','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(567,1,'2013-11-03 19:52:41','2013-11-03 19:52:41','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive<br /> advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-11-03 19:52:41','2013-11-03 19:52:41','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(565,1,'2013-11-03 19:49:26','2013-11-03 19:49:26','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/piersouth2.jpg\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-11-03 19:49:26','2013-11-03 19:49:26','',247,'http://www.prgim.com/247-revision-v1/',0,'revision','',0),(566,1,'2013-11-03 19:50:29','2013-11-03 19:50:29','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex <br />Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-11-03 19:50:29','2013-11-03 19:50:29','',484,'http://www.prgim.com/484-revision-v1/',0,'revision','',0),(643,1,'2013-11-06 05:22:21','2013-11-06 05:22:21','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-11-06 05:22:21','2013-11-06 05:22:21','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(563,1,'2013-11-03 19:42:57','2013-11-03 19:42:57','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $45 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\">$20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-11-03 19:42:57','2013-11-03 19:42:57','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(564,1,'2013-11-03 19:45:52','2013-11-03 19:45:52','&nbsp;\n\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-autosave-v1','','','2013-11-03 19:45:52','2013-11-03 19:45:52','',247,'http://www.prgim.com/247-autosave-v1/',0,'revision','',0),(562,1,'2013-11-03 19:41:31','2013-11-03 19:41:31','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-11-03 19:41:31','2013-11-03 19:41:31','',479,'http://www.prgim.com/479-revision-v1/',0,'revision','',0),(560,1,'2013-11-03 19:39:11','2013-11-03 19:39:11','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers<br /> representing these tenants, based on 14 years of<br /> relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:39:11','2013-11-03 19:39:11','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(561,1,'2013-11-03 19:39:45','2013-11-03 19:39:45','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers<br /> representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:39:45','2013-11-03 19:39:45','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(559,1,'2013-11-03 19:38:39','2013-11-03 19:38:39','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/<br />industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in<br /> competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of<br /> relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization<br /> occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than<br /> proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial<br /> entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:38:39','2013-11-03 19:38:39','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(558,1,'2013-11-03 19:37:06','2013-11-03 19:37:06','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-11-03 19:37:06','2013-11-03 19:37:06','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(556,1,'2013-11-03 19:33:58','2013-11-03 19:33:58','PRG’s predecessor company, Pacifica Capital Group, was founded in in 1982 and acquired, transacted and/or developed approximately 10 million square feet, in Southern California.   During the late 1990s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California.  Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market.  In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial $400 million portfolio, which totaled approximately 2 million square feet.\r\n\r\nFrom 2005-2008, the firm held a strong belief that much of the real estate market, particularly in Southern California, was severely overvalued. Pacifica profitably exited its most recent investments through a portfolio sale near the top of the market and chose to maintain its investment discipline and instead focus on fee-based projects while refraining from pursuing new acquisitions or developments. In doing so, the firm was able to successfully navigate through the aftermath of the real estate market’s crash.\r\n\r\nPacifica Capital Group invested its capital alongside both private and institutional investors.   Past investment partners have included Apollo Real Estate Advisors, CS First Boston, GMAC and GE Real Estate.\r\n\r\nSteven Ohren, Co-Founder of Pacifica Capital Group, was an inspiring visionary and regarded as one of the savviest investors in Southern California commercial real estate.  Sadly, Mr. Ohren passed away in 2008 shortly after the opening of the Colony Palms Hotel in Palm Springs.  Mr. Ohren accurately identified the renaissance of Palm Springs very early and was instrumental in creating the vision for the hotel.  The sale of Colony Palms Hotel in June 2012 represented the last asset in the Pacifica Capital Group portfolio, which was an opportune time to close the Pacifica Capital Group chapter.  However, Mr. Ohren’s legacy and guiding principles will be survived by PRG’s principals who were greatly influenced by him.','Background','','inherit','closed','open','','34-revision-v1','','','2013-11-03 19:33:58','2013-11-03 19:33:58','',34,'http://www.prgim.com/34-revision-v1/',0,'revision','',0),(557,1,'2013-11-03 19:35:04','2013-11-03 19:35:04','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-03 19:35:04','2013-11-03 19:35:04','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(555,1,'2013-11-03 19:32:54','2013-11-03 19:32:54','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is an active member and holds a position on the BOMA California State Board for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA).  Mr. Franco is also an active member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-11-03 19:32:54','2013-11-03 19:32:54','',129,'http://www.prgim.com/129-revision-v1/',0,'revision','',0),(554,1,'2013-11-03 19:31:39','2013-11-03 19:31:39','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-11-03 19:31:39','2013-11-03 19:31:39','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(550,1,'2013-11-03 19:23:53','2013-11-03 19:23:53','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost.\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against<br /> adverse economic conditions.\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths.</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-03 19:23:53','2013-11-03 19:23:53','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(553,1,'2013-11-03 19:31:05','2013-11-03 19:31:05','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against<br /> adverse economic conditions\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-03 19:31:05','2013-11-03 19:31:05','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(549,1,'2013-11-03 19:23:23','2013-11-03 19:23:23','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating<br /> performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:23:23','2013-11-03 19:23:23','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(641,1,'2013-11-06 05:21:11','2013-11-06 05:21:11','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse economic conditions\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-11-06 05:21:11','2013-11-06 05:21:11','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(551,1,'2013-11-03 19:29:45','2013-11-03 19:29:45','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating<br /> performance trends</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:29:45','2013-11-03 19:29:45','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(548,1,'2013-11-03 19:23:05','2013-11-03 19:23:05','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with<br /> intense focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional<br /> complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:23:05','2013-11-03 19:23:05','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(547,1,'2013-11-03 19:22:04','2013-11-03 19:22:04','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on<br /> opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:22:04','2013-11-03 19:22:04','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(610,1,'2013-11-04 00:53:32','2013-11-04 00:53:32','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on<br /> opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-04 00:53:32','2013-11-04 00:53:32','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(546,1,'2013-11-03 19:21:20','2013-11-03 19:21:20','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of<br /> underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:21:20','2013-11-03 19:21:20','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(544,1,'2013-11-03 19:12:34','2013-11-03 19:12:34','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and<br /> managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these<br /> advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying<br /> fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:12:34','2013-11-03 19:12:34','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(545,1,'2013-11-03 19:19:09','2013-11-03 19:19:09','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\r\n• Hotels\r\n• Creative Assets</p>\r\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-11-03 19:19:09','2013-11-03 19:19:09','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(542,1,'2013-11-03 19:10:53','2013-11-03 19:10:53','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense<br /> focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:10:53','2013-11-03 19:10:53','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(543,1,'2013-11-03 19:21:12','2013-11-03 19:21:12','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern<br /> California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\n\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the<br /> asset and submarket as well as a clear business plan utilizing PRG’s competitive<br /> operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\n\nThe firm focuses on the following areas:\n<p style=\"padding-left: 30px;\">• Business Parks/Industrial\n• Hotels\n• Creative Assets</p>\nPRG\'s investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\n\n[tab_insert page=\"162\"]\n[tab_insert page=\"166\"]\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-autosave-v1','','','2013-11-03 19:21:12','2013-11-03 19:21:12','',27,'http://www.prgim.com/27-autosave-v1/',0,'revision','',0),(537,1,'2013-11-03 01:31:18','2013-11-03 01:31:18','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><!--<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:31:18','2013-11-03 01:31:18','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(536,1,'2013-11-03 01:29:59','2013-11-03 01:29:59','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<!--<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />-->  Phone: 310-982-2800\r\n<!--<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />-->  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<!--<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>-->  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><!--<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>-->  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:29:59','2013-11-03 01:29:59','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(538,1,'2013-11-03 01:31:38','2013-11-03 01:31:38','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:31:38','2013-11-03 01:31:38','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(535,1,'2013-11-03 01:19:09','2013-11-03 01:19:09','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br /><a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:19:09','2013-11-03 01:19:09','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(586,1,'2013-11-03 20:06:08','2013-11-03 20:06:08','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br /><a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 20:06:08','2013-11-03 20:06:08','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(534,1,'2013-11-03 01:18:56','2013-11-03 01:18:56','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.<br />  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:18:56','2013-11-03 01:18:56','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(587,1,'2013-11-03 20:06:50','2013-11-03 20:06:50','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar. <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 20:06:50','2013-11-03 20:06:50','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(533,1,'2013-11-03 01:18:32','2013-11-03 01:18:32','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-11-03 01:18:32','2013-11-03 01:18:32','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(532,1,'2013-11-03 01:18:22','2013-11-03 01:18:22','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this <br /> intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-autosave-v1','','','2013-11-03 01:18:22','2013-11-03 01:18:22','',134,'http://www.prgim.com/134-autosave-v1/',0,'revision','',0),(529,1,'2013-10-26 19:32:44','2013-10-26 19:32:44','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-26 19:32:44','2013-10-26 19:32:44','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(527,1,'2013-10-23 05:48:15','2013-10-23 05:48:15','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-23 05:48:15','2013-10-23 05:48:15','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(524,2,'2013-10-21 18:18:01','2013-10-21 18:18:01','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:18:01','2013-10-21 18:18:01','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(525,2,'2013-10-21 18:19:31','2013-10-21 18:19:31','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:19:31','2013-10-21 18:19:31','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(523,2,'2013-10-21 18:15:18','2013-10-21 18:15:18','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]\r\n<div id=\"results\"><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.[/column]</div>\r\n<div>[/column-group]</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-21 18:15:18','2013-10-21 18:15:18','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(522,1,'2013-10-21 03:43:06','2013-10-21 03:43:06','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:43:06','2013-10-21 03:43:06','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(521,1,'2013-10-21 03:35:00','2013-10-21 03:35:00','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-21 03:35:00','2013-10-21 03:35:00','',479,'http://www.prgim.com/479-revision-v1/',0,'revision','',0),(520,1,'2013-10-21 03:34:17','2013-10-21 03:34:17','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','<b>Leasing Platform</b>','','inherit','closed','open','','468-revision-v1','','','2013-10-21 03:34:17','2013-10-21 03:34:17','',468,'http://www.prgim.com/468-revision-v1/',0,'revision','',0),(517,1,'2013-10-21 03:31:10','2013-10-21 03:31:10','TBD\r\n\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:31:10','2013-10-21 03:31:10','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(518,1,'2013-10-21 03:33:06','2013-10-21 03:33:06','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n&nbsp;','<b>Leasing</b>','','inherit','closed','open','','468-revision-v1','','','2013-10-21 03:33:06','2013-10-21 03:33:06','',468,'http://www.prgim.com/468-revision-v1/',0,'revision','',0),(515,1,'2013-10-21 03:29:31','2013-10-21 03:29:31','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:31','2013-10-21 03:29:31','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(516,1,'2013-10-21 03:29:48','2013-10-21 03:29:48','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n&nbsp;\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:48','2013-10-21 03:29:48','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(511,1,'2013-10-21 03:25:08','2013-10-21 03:25:08','','Leasing Platform','','inherit','closed','open','','493-autosave-v1','','','2013-10-21 03:25:08','2013-10-21 03:25:08','',493,'http://www.prgim.com/493-autosave-v1/',0,'revision','',0),(512,1,'2013-10-21 03:25:16','2013-10-21 03:25:16','','Leasing Platform','','inherit','closed','open','','493-revision-v1','','','2013-10-21 03:25:16','2013-10-21 03:25:16','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(513,1,'2013-10-21 03:26:46','2013-10-21 03:26:46','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-21 03:26:46','2013-10-21 03:26:46','',497,'http://www.prgim.com/497-revision-v1/',0,'revision','',0),(508,1,'2013-10-21 03:21:24','2013-10-21 03:21:24','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  Phone: 310-982-2800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  Fax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-10-21 03:21:24','2013-10-21 03:21:24','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(539,1,'2013-11-03 01:32:30','2013-11-03 01:32:30','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\nPhone: 310-982-2800\r\nFax: <span style=\"line-height: 1.714285714; font-size: 1rem;\">310-984-6220</span>\r\n\r\n<strong><b>For additional investment information and opportunities, please contact:</b>\r\n</strong>Britten Shuford\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\">310-741-3544\r\n</span><a href=\"mailto:bshuford@pacificarealtygroup.com\" target=\"_blank\">bshuford@<wbr />pacificarealtygroup.com</a>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-11-03 01:32:30','2013-11-03 01:32:30','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(506,1,'2013-10-20 23:00:48','2013-10-20 23:00:48','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 23:00:48','2013-10-20 23:00:48','',497,'http://www.prgim.com/497-revision-v1/',0,'revision','',0),(507,1,'2013-10-20 23:03:56','2013-10-20 23:03:56','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\">All Other Areas of California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 23:03:56','2013-10-20 23:03:56','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(504,1,'2013-10-20 22:58:08','2013-10-20 22:58:08','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\nNSB Associates\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in <br /> Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 22:58:08','2013-10-20 22:58:08','',497,'http://www.prgim.com/497-revision-v1/',0,'revision','',0),(505,1,'2013-10-20 22:59:53','2013-10-20 22:59:53','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:59:53','2013-10-20 22:59:53','',492,'http://www.prgim.com/492-revision-v1/',0,'revision','',0),(501,1,'2013-10-20 22:56:50','2013-10-20 22:56:50','','Leasing','','inherit','closed','open','','493-revision-v1','','','2013-10-20 22:56:50','2013-10-20 22:56:50','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(500,1,'2013-10-20 22:56:36','2013-10-20 22:56:36','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executed “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.','Leasing','','inherit','closed','open','','493-revision-v1','','','2013-10-20 22:56:36','2013-10-20 22:56:36','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(514,1,'2013-10-21 03:29:09','2013-10-21 03:29:09','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n[tab_insert page=\"493\"]\r\n\r\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-21 03:29:09','2013-10-21 03:29:09','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(503,1,'2013-10-20 22:57:18','2013-10-20 22:57:18','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<b></b>[section_insert page=\"493\"]\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-20 22:57:18','2013-10-20 22:57:18','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(499,1,'2013-10-20 22:55:03','2013-10-20 22:55:03','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<b>Leasing:</b>\r\n[tab_insert page=\"492\"]\r\n[tab_insert page=\"497\"]\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-10-20 22:55:03','2013-10-20 22:55:03','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(498,1,'2013-10-20 22:53:39','2013-10-20 22:53:39','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\nNSB Associates\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office.  The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford.  The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space.  In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants.  The resulting creative office rents were significantly higher than comparable industrial rents.','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','inherit','closed','open','','497-revision-v1','','','2013-10-20 22:53:39','2013-10-20 22:53:39','',497,'http://www.prgim.com/497-revision-v1/',0,'revision','',0),(497,1,'2013-10-20 22:53:39','2013-10-20 22:53:39','<strong>Project: Culver City Creative Building</strong>\r\n\r\nClient:\r\n<b>NSB Associates</b>\r\n\r\nNear the depths of the recession of 2010, Shuford was retained to assist with the repositioning of a 45,000 square foot building in Culver City from industrial to creative office. The building is owned by Lawrence Field, who is a major private owner of creative buildings and great mentor to Shuford. The results included attracting Oracle (NYSE: ORCL) as the anchor tenant for creative office space. In addition, the largest mobile automotive battery retailer and a leading loading door company were subsequently attracted as neighboring tenants. The resulting creative office rents were significantly higher than comparable industrial rents.\r\n\r\nFull Case Study Coming Soon','<strong>Case Study:</strong> Value Add Strategy and Execution Converts Industrial Building to Creative <br /> Office in Culver City and Attracts Oracle (NYSE: ORCL) as Anchor Tenant','','publish','closed','open','','case-nsb-associates','','','2013-11-06 05:18:28','2013-11-06 05:18:28','',46,'http://www.prgim.com/?page_id=497',0,'page','',0),(496,1,'2013-10-20 22:51:40','2013-10-20 22:51:40','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:51:40','2013-10-20 22:51:40','',492,'http://www.prgim.com/492-revision-v1/',0,'revision','',0),(495,1,'2013-10-20 22:50:58','2013-10-20 22:50:58','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:50:58','2013-10-20 22:50:58','',492,'http://www.prgim.com/492-revision-v1/',0,'revision','',0),(493,1,'2013-10-20 22:56:36','2013-10-20 22:56:36','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: TRV), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n<!--[tab_insert page=\"497\"]-->','<b>Leasing Platform</b>','','publish','closed','open','','ca-leasing','','','2016-03-04 04:58:06','2016-03-04 04:58:06','',46,'http://www.prgim.com/?page_id=493',0,'page','',0),(502,1,'2013-10-21 03:28:51','2013-10-21 03:28:51','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\n\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\n\n<b></b>[tab_insert page=\"493\"]\n[tab_insert page=\"492\"]\n[tab_insert page=\"497\"]\n\n<img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" />','Creative Assets','','inherit','closed','open','','46-autosave-v1','','','2013-10-21 03:28:51','2013-10-21 03:28:51','',46,'http://www.prgim.com/46-autosave-v1/',0,'revision','',0),(494,1,'2013-10-20 22:50:15','2013-10-20 22:50:15','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,000 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on new façade and signage plan.\r\n[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n•Strategy and Execution Plan is currently in progress.','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','inherit','closed','open','','492-revision-v1','','','2013-10-20 22:50:15','2013-10-20 22:50:15','',492,'http://www.prgim.com/492-revision-v1/',0,'revision','',0),(492,1,'2013-10-20 22:51:40','2013-10-20 22:51:40','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent1.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]\r\n•<b>1970-2012:</b> Seller was a family and operated the property with the focus on maintaining high occupancy and below-market rents.\r\n•<b>2013:</b> PRG acquired the property via an off-market transaction at $264/sq. ft., representing a 30% discount to replacement cost.\r\n•Nearly all of the tenants were on month-to-month leases. Average unit size is 1,020 square feet.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/Case-SM-Adjacent2.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n• Attractive West Los Angeles location provides opportunity to improve and modernize the appearance of the property.\r\n• Entered into one year lease agreements with the month-to-month tenants.\r\n• Engaged architect to collaborate on a new façade and signage plan.\r\n[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>[/column]\r\n[column span=\"1.5\"]•Strategy and Execution Plan is currently in progress.[/column][/column-group]','<strong>Case Study:</strong> Santa Monica Airport Adjacent Building (West Los Angeles, CA)','','publish','closed','open','','case-sm-airport','','','2013-11-07 05:16:05','2013-11-07 05:16:05','',46,'http://www.prgim.com/?page_id=492',0,'page','',0),(491,1,'2013-10-20 22:42:12','2013-10-20 22:42:12','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/PS-BusinessParks.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex <br />Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-10-20 22:42:12','2013-10-20 22:42:12','',484,'http://www.prgim.com/484-revision-v1/',0,'revision','',0),(490,1,'2013-10-20 22:39:57','2013-10-20 22:39:57','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[section_insert page=\"468\"]\r\n[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 22:39:57','2013-10-20 22:39:57','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(489,1,'2013-10-20 22:39:40','2013-10-20 22:39:40','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction of 2007 ','','inherit','closed','open','','488-revision-v1','','','2013-10-20 22:39:40','2013-10-20 22:39:40','',488,'http://www.prgim.com/488-revision-v1/',0,'revision','',0),(519,1,'2013-10-21 03:33:48','2013-10-21 03:33:48','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-21 03:33:48','2013-10-21 03:33:48','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(653,1,'2013-11-06 05:44:39','2013-11-06 05:44:39','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development, leasing and management of industrial properties and a strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximate 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redeveloping and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities with the following characteristics:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-11-06 05:44:39','2013-11-06 05:44:39','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(487,1,'2013-10-20 22:34:26','2013-10-20 22:34:26','<strong>Project: PS Business Park- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/PS-BusinessParks.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City.   The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends.  The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles.  The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex Business Park in West Los Angeles','','inherit','closed','open','','484-revision-v1','','','2013-10-20 22:34:26','2013-10-20 22:34:26','',484,'http://www.prgim.com/484-revision-v1/',0,'revision','',0),(486,1,'2013-10-20 22:32:00','2013-10-20 22:32:00','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]\r\n[section_insert page=\"468\"]\r\n[tab_insert page=\"479\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 22:32:00','2013-10-20 22:32:00','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(485,1,'2013-11-06 05:44:26','2013-11-06 05:44:26','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development, leasing and management of industrial properties and a strong track record of success in Southern California.</p>\n<p align=\"left\">The firm focuses on the approximate 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redeveloping and/or leasing.</p>\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities wit the following characteristics:</p>\n\n<ul>\n	<li>Vacant properties requiring lease-up</li>\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\n	<li>Ability to demise the building into smaller units</li>\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\n</ul>\n[tab_insert page=\"143\"]\n[tab_insert page=\"468\"]','Business Parks/Industrial','','inherit','closed','open','','44-autosave-v1','','','2013-11-06 05:44:26','2013-11-06 05:44:26','',44,'http://www.prgim.com/44-autosave-v1/',0,'revision','',0),(484,1,'2013-10-20 22:34:26','2013-10-20 22:34:26','<strong>Project: PS Business Parks- Culver City</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/PS-BusinessParks-90.jpg\" /> (NYSE: PSB)\r\n\r\nSince 2000, Shuford has represented PS Business Parks (NYSE: PSB) and established the marketing/leasing strategy for the largest flex business park in Culver City. The strategy has constantly evolved to remain ahead of the shifting economic and leasing trends. The quality of the tenants has significantly improved and consists of architects, technology firms and entertainment companies as well as high quality industrial firms serving West Los Angeles. The results include consistent outperformance in occupancy and a high quality tenant roster.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Outperformance at the Largest Flex Business Park in West Los Angeles','','publish','closed','open','','case-ps-business-parks','','','2013-11-13 22:49:47','2013-11-13 22:49:47','',44,'http://www.prgim.com/?page_id=484',0,'page','',0),(483,1,'2013-10-20 22:29:20','2013-10-20 22:29:20','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:29:20','2013-10-20 22:29:20','',479,'http://www.prgim.com/479-revision-v1/',0,'revision','',0),(488,1,'2013-10-20 22:39:39','2013-10-20 22:39:39','<strong>Project: 220 Manville Ave., Compton, California</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/first_industrial_logo.jpg\" /> (NYSE: FR)\r\n\r\nIn 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value-Add Strategy and Execution Results in Largest Industrial Transaction<br /> of 2007 ','','publish','closed','open','','case-study-value-add-strategy-and-execution-results-in-largest-industrial-transaction-of-2007','','','2013-11-06 05:15:02','2013-11-06 05:15:02','',44,'http://www.prgim.com/?page_id=488',0,'page','',0),(480,1,'2013-10-20 22:22:55','2013-10-20 22:22:55','<strong>Project: Oceangate Business Park</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\nClient: \r\n\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace.  This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign.  The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.  \r\n\r\nFull Case Study coming soon.\r\n','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:22:55','2013-10-20 22:22:55','',479,'http://www.prgim.com/479-revision-v1/',0,'revision','',0),(481,1,'2013-10-20 22:28:45','2013-10-20 22:28:45','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" />\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-autosave-v1','','','2013-10-20 22:28:45','2013-10-20 22:28:45','',479,'http://www.prgim.com/479-autosave-v1/',0,'revision','',0),(479,1,'2013-10-20 22:22:55','2013-10-20 22:22:55','<strong>Project: Oceangate Business Park</strong>\r\n\r\nClient:\r\n\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"Travelers\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/TravelersLogo.jpg\" /> (NYSE: TRV)\r\n\r\nSince 1999, Shuford has represented Travelers (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and <br /> Aerospace Companies','','publish','closed','open','','case-travelers','','','2013-11-06 05:14:08','2013-11-06 05:14:08','',44,'http://www.prgim.com/?page_id=479',0,'page','',0),(482,1,'2013-10-20 22:25:14','2013-10-20 22:25:14','<strong>Project: Oceangate Business Park</strong>\r\n<b>\r\nClient:</b>\r\n\r\n&nbsp;\r\n\r\nSince 1999, Shuford has represented Travelers Insurance (NYSE: TRV) on its Oceangate Business Park, which is the largest business park of its kind in the El Segundo/Hawthorne marketplace. This program includes leasing, tenant retention, collaboration on strategy as well as creation and execution of a branding campaign. The results include superior operational property performance and enhancing the tenant base to attract Marvel Entertainment, The Aerospace Corporation, Noribachi and Rolled Alloys.\r\n\r\nFull Case Study coming soon.','<strong>Case Study:</strong> Value Add Strategy and Execution Attracts World Class Entertainment and Aerospace Companies','','inherit','closed','open','','479-revision-v1','','','2013-10-20 22:25:14','2013-10-20 22:25:14','',479,'http://www.prgim.com/479-revision-v1/',0,'revision','',0),(478,1,'2013-10-20 22:09:45','2013-10-20 22:09:45','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:09:45','2013-10-20 22:09:45','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(477,1,'2013-10-20 22:09:05','2013-10-20 22:09:05','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.8\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:09:05','2013-10-20 22:09:05','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(476,1,'2013-10-20 22:08:43','2013-10-20 22:08:43','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.7\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:08:43','2013-10-20 22:08:43','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(474,1,'2013-10-20 21:59:39','2013-10-20 21:59:39','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>\r\n[column span=\"1.5\"]•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:59:39','2013-10-20 21:59:39','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(475,1,'2013-10-20 22:05:48','2013-10-20 22:05:48','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 22:05:48','2013-10-20 22:05:48','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(473,1,'2013-10-20 21:56:37','2013-10-20 21:56:37','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"1.5\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n<div id=\"strategy\"><strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition</div>\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:56:37','2013-10-20 21:56:37','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(472,1,'2013-10-20 21:55:58','2013-10-20 21:55:58','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column]\r\n[column span=\"2\"]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n<div id=\"strategy\"><strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition</div>\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:55:58','2013-10-20 21:55:58','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(469,1,'2013-10-20 21:49:48','2013-10-20 21:49:48','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks and creative office.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executed “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.','Leasing','','inherit','closed','open','','468-revision-v1','','','2013-10-20 21:49:48','2013-10-20 21:49:48','',468,'http://www.prgim.com/468-revision-v1/',0,'revision','',0),(470,1,'2013-11-06 05:46:50','2013-11-06 05:46:50','[column-group]\n[column]<strong>SITUATION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with the plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\n<b>•2011:</b> PRG acquired the business park via a short sale transaction at $78/sq. ft., representing a 50% discount to the outstanding loan balance\n•The Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\n[column-group]\n[column]<strong>STRATEGY AND EXECUTION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.5\"]\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\n[column-group]\n[column]<strong>RESULTS:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\n[column span=\"1.5\"]\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-autosave-v1','','','2013-11-06 05:46:50','2013-11-06 05:46:50','',143,'http://www.prgim.com/143-autosave-v1/',0,'revision','',0),(468,1,'2013-10-20 21:49:48','2013-10-20 21:49:48','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in industrial, business parks, and creative office.  Clients include Travelers (NYSE: TRV), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n<!--[tab_insert page=\"479\"]\r\n[tab_insert page=\"484\"]\r\n[tab_insert page=\"488\"]-->','<b>Leasing Platform</b>','','publish','closed','open','','leasing','','','2016-03-04 04:57:26','2016-03-04 04:57:26','',44,'http://www.prgim.com/?page_id=468',0,'page','',0),(464,1,'2013-10-20 16:41:43','2013-10-20 16:41:43','<p align=\"left\"><i>Director of Property Management and Partner</i></p>\r\n<p align=\"left\">Rene Franco joined PRG in 2011 and is Director of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting, tenant relations and due diligence.</p>\r\n<p align=\"left\">From 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.</p>\r\n<p align=\"left\">Mr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is the Chairman of the Long Beach/South Bay Regional Council for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA) and a member of AIR Commercial Real Estate Association (AIR).</p>','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-10-20 16:41:43','2013-10-20 16:41:43','',129,'http://www.prgim.com/129-revision-v1/',0,'revision','',0),(465,1,'2013-10-20 16:42:01','2013-10-20 16:42:01','<p align=\"left\"><i>Vice President</i></p>\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1984. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles to LAX submarkets.</p>\r\n<p align=\"left\">Mr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.</p>\r\n<p align=\"left\">Mr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics. He is a past president of the AIR Commercial Real Estate Association.</p>\r\n<em> </em>','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-10-20 16:42:01','2013-10-20 16:42:01','',357,'http://www.prgim.com/357-revision-v1/',0,'revision','',0),(467,1,'2013-10-20 21:48:48','2013-10-20 21:48:48','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , leasing and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.5 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n<p align=\"left\">PRG primarily focuses on “value-add” opportunities including the following:</p>\r\n\r\n<ul>\r\n	<li>Vacant properties requiring lease-up</li>\r\n	<li>Ability to cure functional deficiencies such as poor loading, low image or other inadequacies</li>\r\n	<li>Ability to demise the building into smaller units</li>\r\n	<li>Deals requiring capital infusion to execute the business plan for the property</li>\r\n</ul>\r\n[tab_insert page=\"143\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-20 21:48:48','2013-10-20 21:48:48','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(462,1,'2013-10-20 16:40:52','2013-10-20 16:40:52','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>\r\n<p align=\"left\">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests in Europe.</p>\r\n<p align=\"left\">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.</p>\r\n<p align=\"left\">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>\r\n<p align=\"left\">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>','Clifford W. Lord','','inherit','closed','open','','123-revision-v1','','','2013-10-20 16:40:52','2013-10-20 16:40:52','',123,'http://www.prgim.com/123-revision-v1/',0,'revision','',0),(463,1,'2013-10-20 16:41:13','2013-10-20 16:41:13','<p align=\"left\"><i>Managing Partner</i></p>\r\n<p align=\"left\">David Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development and operation of the Colony Palms Hotel in Palm Springs, California.  He possesses extensive experience within the boutique hotel sector.</p>\r\n<p align=\"left\">Under the late Steven Ohren’s leadership, Mr. Dittmer was engaged during the construction and opening phases.  Shortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in hospitality management resulted in the Colony Palms Hotel surpassing national averages in key profitability metrics.</p>\r\n<p align=\"left\">Mr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.</p>\r\n<em> </em>','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-10-20 16:41:13','2013-10-20 16:41:13','',126,'http://www.prgim.com/126-revision-v1/',0,'revision','',0),(461,1,'2013-10-20 16:40:11','2013-10-20 16:40:11','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder.  Mr. Shuford was co-principal of Pacifica Capital Group.  Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-10-20 16:40:11','2013-10-20 16:40:11','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(646,1,'2013-11-06 05:39:22','2013-11-06 05:39:22','<p align=\"left\"><i>Managing Partner and President</i></p>\r\n<p align=\"left\">Britten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founderand was co-principal. He has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.</p>\r\n<p align=\"left\">In 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks.  At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.</p>\r\n<p align=\"left\">In 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in California.</p>\r\n<p align=\"left\">In 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.</p>\r\n<p align=\"left\">Mr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.</p>\r\n<p align=\"left\">Mr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.</p>\r\n<p align=\"left\">Mr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.</p>','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-06 05:39:22','2013-11-06 05:39:22','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(460,1,'2013-10-20 16:39:03','2013-10-20 16:39:03','PRG’s management team possesses a unique depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 13 years.\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-20 16:39:03','2013-10-20 16:39:03','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(677,1,'2013-11-10 18:33:02','2013-11-10 18:33:02','<p align=\"left\"><i>Managing Partner and President</i></p>\r\nBritten Shuford joined the predecessor company, Pacifica Capital Group, in 1998.  He began leading the organization in 2005 with the late co-founder and was co-principal of the firm. He has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.\r\n\r\nMr. Shuford is the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.\r\n\r\nIn 2006, Keenen Ivory Wayans and Mr. Shuford founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on communities located in urban areas in California.\r\n\r\nIn 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform.  Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for the firm.\r\n\r\nMr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.\r\n\r\nMr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.  He serves on the Board of Directors of the Steven Ohren Foundation with a mission to assist elderly Jewish individuals in need of medical care and lacking financial means.','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-11-10 18:33:02','2013-11-10 18:33:02','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(457,1,'2013-10-20 16:35:30','2013-10-20 16:35:30','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><b><i>Invest in high quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></b></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-10-20 16:35:30','2013-10-20 16:35:30','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(458,1,'2013-10-20 16:36:16','2013-10-20 16:36:16','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously underappreciated industrial areas. Unlike many regions in the United States, the high degree of transition is uniquely high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-20 16:36:16','2013-10-20 16:36:16','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(459,1,'2013-10-20 16:37:01','2013-10-20 16:37:01','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world. Southern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the United States, the high degree of transition is uniquely high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-10-20 16:37:01','2013-10-20 16:37:01','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(455,1,'2013-10-20 16:34:19','2013-10-20 16:34:19','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost.\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse economic conditions.\r\n</span></li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths.</li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-10-20 16:34:19','2013-10-20 16:34:19','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(552,1,'2013-11-03 19:30:24','2013-11-03 19:30:24','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined investment principles</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-11-03 19:30:24','2013-11-03 19:30:24','',290,'http://www.prgim.com/290-revision-v1/',0,'revision','',0),(456,1,'2013-10-20 16:34:47','2013-10-20 16:34:47','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined Investment Principles.</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy.</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans.</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-10-20 16:34:47','2013-10-20 16:34:47','',290,'http://www.prgim.com/290-revision-v1/',0,'revision','',0),(541,1,'2013-11-03 19:10:29','2013-11-03 19:10:29','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends.</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions.</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-11-03 19:10:29','2013-11-03 19:10:29','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(453,1,'2013-10-20 16:32:06','2013-10-20 16:32:06','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends</li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\">Establish a meaningful “margin of safety” with all key assumptions</span></li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\">Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks.</span></li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-10-20 16:32:06','2013-10-20 16:32:06','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(454,1,'2013-10-20 16:33:21','2013-10-20 16:33:21','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined Investment Principles</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans</li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-10-20 16:33:21','2013-10-20 16:33:21','',290,'http://www.prgim.com/290-revision-v1/',0,'revision','',0),(452,1,'2013-10-20 16:30:12','2013-10-20 16:30:12','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\"> All Other Areas of Southern California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\n<span style=\"color: #000000;\">Submit to:</span> <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 16:30:12','2013-10-20 16:30:12','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(451,1,'2013-10-20 16:29:48','2013-10-20 16:29:48','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Property Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Business Parks-Industrial</span>\r\n<span style=\"color: #000000;\"> Hotels</span>\r\n<span style=\"color: #000000;\"> Creative Assets</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Size:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">$2 to $25 million for a single asset purchase</span>\r\n<span style=\"color: #000000;\"> $20 million plus for a portfolio acquisition</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Markets:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Southern California (Primary Focus)</span>\r\n<span style=\"color: #000000;\"> All Other Areas of Southern California (Secondary Focus)</span></p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><span style=\"color: #000000;\"><b>Transaction Types:</b></span></p>\r\n</td>\r\n<td>\r\n<p align=\"left\"><span style=\"color: #000000;\">Vacant or partially leased properties</span>\r\n<span style=\"color: #000000;\"> Underperforming Assets</span>\r\n<span style=\"color: #000000;\"> Acquisiton of First Mortgage</span>\r\n<span style=\"color: #000000;\"> Co-Investment and/or Operating Partnerships</span></p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-20 16:29:48','2013-10-20 16:29:48','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(450,1,'2013-10-20 16:28:42','2013-10-20 16:28:42','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n<p style=\"padding-left: 30px;\">The firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.</p>\r\n<p style=\"padding-left: 30px;\">The firm focuses on the following areas:</p>\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-20 16:28:42','2013-10-20 16:28:42','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(466,1,'2013-10-20 21:45:45','2013-10-20 21:45:45','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n<p style=\"padding-left: 30px;\">The firm focuses on the following areas:</p>\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-20 21:45:45','2013-10-20 21:45:45','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(448,1,'2013-10-19 17:57:12','2013-10-19 17:57:12','<h2>PRG</h2>\r\n5933 West Century Boulevard, Suite 614\r\nLos Angeles, CA 90045\r\n<img class=\" wp-image-106 alignnone\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"28\" height=\"32\" />  310.297.4800\r\n<img class=\"alignnone size-full wp-image-104\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_fax\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_fax.png\" width=\"31\" height=\"29\" />  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310.297.4808</span>\r\n\r\n<strong>For additional investment information and opportunities, please contact:\r\n</strong>Britten Shuford\r\nManaging Principal\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\"><img class=\"alignnone size-full wp-image-106\" style=\"box-shadow: none; border: none !important; vertical-align: middle; margin-top: 5px; margin-bottom: 5px;\" alt=\"ico_prg_phone\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_phone.png\" width=\"31\" height=\"35\" /></a>  <span style=\"line-height: 1.714285714; font-size: 1rem;\">310.741.3544\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\"><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\"><img class=\"alignnone size-full wp-image-105\" style=\"box-shadow: none; border: none!important; vertical-align: middle;\" alt=\"ico_prg_mail\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ico_prg_mail.png\" width=\"31\" height=\"23\" /></a>  </span><span style=\"line-height: 1.714285714; font-size: 1rem;\">bshuford@pacificcapitalgroup.com</span>','Contact Us','','inherit','closed','open','','99-revision-v1','','','2013-10-19 17:57:12','2013-10-19 17:57:12','',99,'http://www.prgim.com/99-revision-v1/',0,'revision','',0),(446,1,'2013-10-19 16:13:59','2013-10-19 16:13:59','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>Pacifica Realty Group</strong> has exclusively told GlobeSt.com the the industrial property is now 98% leased. This is a marked difference from last year when the company acquired the space. <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 16:13:59','2013-10-19 16:13:59','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(447,1,'2013-10-19 17:50:26','2013-10-19 17:50:26','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n[column-group]\r\n[column]<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/FourSeason-icon150.jpg\" width=\"150\" height=\"78\" />[/column]\r\n[column span=\"3\"]-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer[/column][/column-group]</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-19 17:50:26','2013-10-19 17:50:26','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(445,1,'2013-10-19 16:13:29','2013-10-19 16:13:29','<p></p>\r\n[column-group]\r\n[column]<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold <strong>Colony Palms Hotel</strong> for $15 million to a joint venture between real estate investor and developer <strong>Michael Rosenfeld</strong> through an affiliate of his <strong>Woodbridge Capital Partners</strong> and and investment fund managed by <strong>Oaktree Capital Management L.P.</strong> <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-19 16:13:29','2013-10-19 16:13:29','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(531,1,'2013-10-26 19:38:53','2013-10-26 19:38:53','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park property is now 98% leased.  <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-26 19:38:53','2013-10-26 19:38:53','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(444,1,'2013-10-19 16:13:10','2013-10-19 16:13:10','<br />\r\n[column-group]\r\n[column]<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold <strong>Colony Palms Hotel</strong> for $15 million to a joint venture between real estate investor and developer <strong>Michael Rosenfeld</strong> through an affiliate of his <strong>Woodbridge Capital Partners</strong> and and investment fund managed by <strong>Oaktree Capital Management L.P.</strong> <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-19 16:13:10','2013-10-19 16:13:10','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(530,1,'2013-10-26 19:37:49','2013-10-26 19:37:49','<p></p>\r\n[column-group]\r\n[column]<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold <strong>Colony Palms Hotel</strong> for $15 million to a joint venture... <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-26 19:37:49','2013-10-26 19:37:49','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(442,1,'2013-11-06 05:52:32','2013-11-06 05:52:32','<p></p>\n[column-group]\n[column]<a title=\"JV Pays Highest Per-Key Price for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms, LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold <strong>Colony Palms Hotel</strong> for $15 million to a joint venture... <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\n[/column-group]','JV Pays Highest Per-Key Price for Colony Palms Hotel','','inherit','closed','open','','425-autosave-v1','','','2013-11-06 05:52:32','2013-11-06 05:52:32','',425,'http://www.prgim.com/425-autosave-v1/',0,'revision','',0),(443,1,'2013-10-19 16:12:34','2013-10-19 16:12:34','[column-group]\r\n[column]<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold <strong>Colony Palms Hotel</strong> for $15 million to a joint venture between real estate investor and developer <strong>Michael Rosenfeld</strong> through an affiliate of his <strong>Woodbridge Capital Partners</strong> and and investment fund managed by <strong>Oaktree Capital Management L.P.</strong> <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-19 16:12:34','2013-10-19 16:12:34','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(440,1,'2013-10-19 15:56:31','2013-10-19 15:56:31','LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>Pacifica Realty Group</strong> has exclusively told GlobeSt.com the the industrial property is now 98% leased. This is a marked difference from last year when the company acquired the space. <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>\r\n<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 15:56:31','2013-10-19 15:56:31','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(441,1,'2013-10-19 16:07:29','2013-10-19 16:07:29','[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>Pacifica Realty Group</strong> has exclusively told GlobeSt.com the the industrial property is now 98% leased. This is a marked difference from last year when the company acquired the space. <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 16:07:29','2013-10-19 16:07:29','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(436,1,'2013-10-19 05:10:35','2013-10-19 05:10:35','<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>&lt;h3&gt;JV Pays Highest Price Per Key for Colony Palms Hotel&lt;/h3&gt;','<h3>JV Pays Highest Price Per Key for Colony Palms Hotel</h3>','','inherit','closed','open','','425-revision-v1','','','2013-10-19 05:10:35','2013-10-19 05:10:35','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(437,1,'2013-10-19 05:11:18','2013-10-19 05:11:18','<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a> JV Pays Highest Price Per Key for Colony Palms Hotel','<h3>JV Pays Highest Price Per Key for Colony Palms Hotel</h3>','','inherit','closed','open','','425-revision-v1','','','2013-10-19 05:11:18','2013-10-19 05:11:18','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(439,1,'2013-10-19 16:07:16','2013-10-19 16:07:16','[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES-After acquiring the <strong>Laurel Park Commerce Center</strong> via short sales at 50% discount to the note value last year, <strong>Pacifica Realty Group</strong> has exclusively told GlobeSt.com the the industrial property is now 98% leased. This is a marked difference from last year when the company acquired the space. <a href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-autosave-v1','','','2013-10-19 16:07:16','2013-10-19 16:07:16','',427,'http://www.prgim.com/427-autosave-v1/',0,'revision','',0),(438,1,'2013-10-19 05:11:32','2013-10-19 05:11:32','<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a> JV Pays Highest Price Per Key for Colony Palms Hotel','','','inherit','closed','open','','425-revision-v1','','','2013-10-19 05:11:32','2013-10-19 05:11:32','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(435,1,'2013-10-19 05:09:59','2013-10-19 05:09:59','<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>','<h3>JV Pays Highest Price Per Key for Colony Palms Hotel</h3>','','inherit','closed','open','','425-revision-v1','','','2013-10-19 05:09:59','2013-10-19 05:09:59','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(433,1,'2013-10-19 05:06:51','2013-10-19 05:06:51','<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone size-medium wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 05:06:51','2013-10-19 05:06:51','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(434,1,'2013-10-19 05:08:54','2013-10-19 05:08:54','<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 05:08:54','2013-10-19 05:08:54','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(429,1,'2013-10-19 04:56:08','2013-10-19 04:56:08','[section_insert page=\"115\"]\r\n\r\n[section_insert page=\"115\"]','News','','inherit','closed','open','','15-revision-v1','','','2013-10-19 04:56:08','2013-10-19 04:56:08','',15,'http://www.prgim.com/15-revision-v1/',0,'revision','',0),(430,1,'2013-10-19 04:57:12','2013-10-19 04:57:12','[section_insert page=\"425\"]\r\n\r\n[section_insert page=\"427\"]','News','','inherit','closed','open','','15-revision-v1','','','2013-10-19 04:57:12','2013-10-19 04:57:12','',15,'http://www.prgim.com/15-revision-v1/',0,'revision','',0),(431,1,'2013-10-19 05:04:51','2013-10-19 05:04:51','<a title=\"JV Pays Highest Price Per Key for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone size-medium wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></a>','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-19 05:04:51','2013-10-19 05:04:51','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(432,1,'2013-10-19 05:06:31','2013-10-19 05:06:31','<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/2013/articles/GlobestArticle-Rancho Way.pdf\"><img class=\"alignnone size-medium wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 05:06:31','2013-10-19 05:06:31','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(427,1,'2013-10-19 04:54:54','2013-10-19 04:54:54','<p></p>\r\n[column-group]\r\n[column]<a title=\"RanchoWay\" href=\"http://www.prgim.com//wp-content/uploads/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/articles/ScenarioPic-300x200.png\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES, CA- After acquiring the <strong>Laurel Park Commerce Center</strong> via a short sale at 50% discount to the note value last year, <strong>PRG</strong> has exclusively told GlobeSt.com the business park property is now 98% leased.  <a href=\"http://www.prgim.com//wp-content/uploads/articles/GlobestArticle-Rancho Way.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]\r\n','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','publish','closed','open','','prg-acquires-business-park-via-short-sale-executes-value-add-strategy','','','2014-06-21 22:01:29','2014-06-21 22:01:29','',15,'http://www.prgim.com/?page_id=427',0,'page','',0),(428,1,'2013-10-19 04:54:54','2013-10-19 04:54:54','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignnone size-medium wp-image-258\" alt=\"Laurel Park\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>','PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy','','inherit','closed','open','','427-revision-v1','','','2013-10-19 04:54:54','2013-10-19 04:54:54','',427,'http://www.prgim.com/427-revision-v1/',0,'revision','',0),(426,1,'2013-10-19 04:53:15','2013-10-19 04:53:15','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/image004.jpg\"><img class=\"alignnone size-medium wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></a>','JV Pays Highest Price Per Key for Colony Palms Hotel','','inherit','closed','open','','425-revision-v1','','','2013-10-19 04:53:15','2013-10-19 04:53:15','',425,'http://www.prgim.com/425-revision-v1/',0,'revision','',0),(424,2,'2013-10-21 18:19:05','2013-10-21 18:19:05','[column-group]\n[column]<strong>SITUATION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\n[column-group]\n[column]<strong>STRATEGY AND EXECUTION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\n[column span=\"1.5\"]\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition[/column][/column-group]\n[column-group]\n[column]<strong>RESULTS:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\n[column span=\"1.5\"]\n•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-autosave-v1','','','2013-10-21 18:19:05','2013-10-21 18:19:05','',143,'http://www.prgim.com/143-autosave-v1/',0,'revision','',0),(423,2,'2013-10-18 19:56:01','2013-10-18 19:56:01','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-18 19:56:01','2013-10-18 19:56:01','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(422,2,'2013-10-18 19:55:14','2013-10-18 19:55:14','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-18 19:55:14','2013-10-18 19:55:14','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(421,2,'2013-10-18 19:52:30','2013-10-18 19:52:30','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.\n<div class=\"anchorRow clear\"></div>\n<div class=\"anchorRow clear\"></div>\n<div class=\"anchorRow clear\"></div>\n<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-autosave-v1','','','2013-10-18 19:52:30','2013-10-18 19:52:30','',29,'http://www.prgim.com/29-autosave-v1/',0,'revision','',0),(425,1,'2013-10-19 04:53:15','2013-10-19 04:53:15','<p></p>\r\n[column-group]\r\n[column]<a title=\"JV Pays Highest Per-Key Price for Colony Palms Hotel\" href=\"http://www.prgim.com//wp-content/uploads/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-181\" alt=\"CPH\" src=\"http://www.prgim.com/wp-content/uploads/articles/image004-300x160.jpg\" width=\"210\" height=\"112\" /></a>[/column]\r\n[column span=\"3\"]PALM SPRINGS, CA- <strong>Pacifica Colony Palms, LLC</strong>, an affiliate of <strong>Pacifica Capital Group</strong>, has sold the <strong>Colony Palms Hotel</strong> for $15 million to a joint venture... <a href=\"http://www.prgim.com//wp-content/uploads/articles/JV_Pays_Highest Per-Key Price_for_ColonyPalmsHotel-GlobeStArticle 6-21-12.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','JV Pays Highest Per-Key Price for Colony Palms Hotel','','publish','closed','open','','jv-pays-highest-price-per-key-for-colony-palms-hotel','','','2014-06-21 22:02:51','2014-06-21 22:02:51','',15,'http://www.prgim.com/?page_id=425',0,'page','',0),(418,1,'2013-10-18 04:39:02','2013-10-18 04:39:02','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em>\r\n<img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" />-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-18 04:39:02','2013-10-18 04:39:02','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(414,1,'2013-10-18 04:35:39','2013-10-18 04:35:39','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a>-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address><address><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a></address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-18 04:35:39','2013-10-18 04:35:39','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(415,1,'2013-10-18 04:36:15','2013-10-18 04:36:15','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a>-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-18 04:36:15','2013-10-18 04:36:15','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(416,1,'2013-10-18 04:37:38','2013-10-18 04:37:38','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n<table>\r\n<tr>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a></tr><tr>-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</tr></table></address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-18 04:37:38','2013-10-18 04:37:38','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(413,1,'2013-10-18 04:33:13','2013-10-18 04:33:13','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-10-18 04:33:13','2013-10-18 04:33:13','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(417,1,'2013-10-18 04:38:44','2013-10-18 04:38:44','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong></em><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" />-Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-18 04:38:44','2013-10-18 04:38:44','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(412,1,'2013-10-18 04:33:00','2013-10-18 04:33:00','<p align=\"center\"><b>Our Mission</b></p>\r\n\r\n<h3 style=\"text-align: center; font-weight: normal;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></h3>\r\n&nbsp;\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Mission and Standards','','inherit','closed','open','','166-autosave-v1','','','2013-10-18 04:33:00','2013-10-18 04:33:00','',166,'http://www.prgim.com/166-autosave-v1/',0,'revision','',0),(411,1,'2013-10-18 04:28:26','2013-10-18 04:28:26','<!--a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /-->PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-18 04:28:26','2013-10-18 04:28:26','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(449,1,'2013-10-20 16:28:08','2013-10-20 16:28:08','PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to identify and capitalize on opportunities for attractive risk adjusted returns.\r\n<p style=\"padding-left: 30px;\">The firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.</p>\r\nThe firm focuses on the following areas:\r\n<p style=\"padding-left: 30px;\">•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets</p>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying fundamentals and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-20 16:28:08','2013-10-20 16:28:08','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(400,3,'2013-10-15 17:02:18','2013-10-15 17:02:18','<div id=\"situation\" style:\"position:relative;\">\r\n<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"strategy\" style:\"position:relative;\">\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"results\" style:\"position:relative; height:600px; overflow:hidden\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 17:02:18','2013-10-15 17:02:18','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(399,3,'2013-10-15 17:00:51','2013-10-15 17:00:51','<div id=\"situation\" style:\"position:relative;\">\r\n<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"strategy\" style:\"position:relative;\">\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"results\" style:\"position:relative; height:300px; overflow:hidden\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 17:00:51','2013-10-15 17:00:51','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(398,3,'2013-10-15 16:48:34','2013-10-15 16:48:34','<div id=\"situation\" style:\"position:relative;\">\r\n<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"strategy\" style:\"position:relative;\">\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n</div>\r\n\r\n<div id=\"results\" style:\"position:relative;\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:48:34','2013-10-15 16:48:34','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(397,3,'2013-10-15 16:48:02','2013-10-15 16:48:02','<div id=\"situation\" style:\"position:relative;\">\r\n<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n</div>\r\n\r\n<div id=\"strategy\" style:\"position:relative;\">\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n</div>\r\n\r\n<div id=\"results\" style:\"position:relative;\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:48:02','2013-10-15 16:48:02','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(395,3,'2013-10-15 16:43:46','2013-10-15 16:43:46','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<div id=\"results\" style:\"position:relative;\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:43:46','2013-10-15 16:43:46','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(396,3,'2013-10-15 16:44:25','2013-10-15 16:44:25','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<div id=\"results\" style:\"position:relative;\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:44:25','2013-10-15 16:44:25','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(394,3,'2013-10-15 16:42:16','2013-10-15 16:42:16','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n\r\n\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:42:16','2013-10-15 16:42:16','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(393,3,'2013-10-15 16:41:24','2013-10-15 16:41:24','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n<br />\r\n<br />\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:41:24','2013-10-15 16:41:24','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(387,3,'2013-10-15 05:27:00','2013-10-15 05:27:00','','Yukon Air-Freight <br /> (Hawthorne)','','inherit','closed','open','','yukon-air-freight','','','2013-10-15 05:27:00','2013-10-15 05:27:00','',0,'http://www.prgim.com/wp-content/uploads/2013/10/Yukon-Air-Freight.jpg',0,'attachment','image/jpeg',0),(382,3,'2013-10-15 05:20:12','2013-10-15 05:20:12','','Cerritos Business Park <br /> (Cerritos)','','inherit','closed','open','','cerritosbusinesspark','','','2013-10-15 05:20:12','2013-10-15 05:20:12','',0,'http://www.prgim.com/wp-content/uploads/2013/10/CerritosBusinessPark.jpg',0,'attachment','image/jpeg',0),(383,3,'2013-10-15 05:20:13','2013-10-15 05:20:13','','Civic Commerce Center <br /> (Irwindale)','','inherit','closed','open','','civiccommercecenter','','','2013-10-15 05:20:13','2013-10-15 05:20:13','',0,'http://www.prgim.com/wp-content/uploads/2013/10/CivicCommerceCenter.jpg',0,'attachment','image/jpeg',0),(384,3,'2013-10-15 05:20:14','2013-10-15 05:20:14','','Normandie Commerce Center <br /> (Los Angeles)','','inherit','closed','open','','normandiecommerce','','','2013-10-15 05:20:14','2013-10-15 05:20:14','',0,'http://www.prgim.com/wp-content/uploads/2013/10/NormandieCommerce.jpg',0,'attachment','image/jpeg',0),(385,3,'2013-10-15 05:20:32','2013-10-15 05:20:32','','500 N. Nash St.  <br /> (El Segundo)','','inherit','closed','open','','500nash','','','2013-10-15 05:20:32','2013-10-15 05:20:32','',0,'http://www.prgim.com/wp-content/uploads/2013/10/500Nash.jpg',0,'attachment','image/jpeg',0),(386,3,'2013-10-15 05:23:34','2013-10-15 05:23:34','[gallery link=\"file\" ids=\"189, 79, 80, 383, 382, 384\"]','Business Parks','','inherit','closed','open','','146-revision-v1','','','2013-10-15 05:23:34','2013-10-15 05:23:34','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(388,3,'2013-10-15 05:30:38','2013-10-15 05:30:38','','Pacifica Gateway Center <br /> (Torrance)','','inherit','closed','open','','pacific-gateway-ctr-2','','','2013-10-15 05:30:38','2013-10-15 05:30:38','',0,'http://www.prgim.com/wp-content/uploads/2013/10/Pacific-Gateway-Ctr-2.jpg',0,'attachment','image/jpeg',0),(389,3,'2013-10-15 05:32:33','2013-10-15 05:32:33','[gallery link=\"file\" ids=\"388,186,185,184,387,385\"]','Industrial','','inherit','closed','open','','152-revision-v1','','','2013-10-15 05:32:33','2013-10-15 05:32:33','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(392,3,'2013-10-15 16:41:03','2013-10-15 16:41:03','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n<br />\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:41:03','2013-10-15 16:41:03','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(381,3,'2013-10-15 04:49:36','2013-10-15 04:49:36','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<div id=\"results\" style=\"position:relative; height:225px;\">\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:49:36','2013-10-15 04:49:36','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(391,3,'2013-10-15 16:40:35','2013-10-15 16:40:35','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 16:40:35','2013-10-15 16:40:35','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(380,3,'2013-10-15 04:47:57','2013-10-15 04:47:57','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />\r\n<br />','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:47:57','2013-10-15 04:47:57','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(378,3,'2013-10-15 04:46:04','2013-10-15 04:46:04','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<div id=\"caseStudy-strategy\" style=\"height:225\">\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n</div>\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n<br />\r\n<br />','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:46:04','2013-10-15 04:46:04','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(376,3,'2013-10-15 04:43:07','2013-10-15 04:43:07','<p align=\"left\">The industrial sector is a primary focus of PRG based on the firm’s deep experience in this sector.  The firm’s principals have extensive experience in the investment, development , advisory and management of industrial properties and strong track record of success in Southern California.</p>\r\n<p align=\"left\">The firm focuses on the approximately 1.2 billion square foot industrial marketplace in Southern California which is comprised of nine submarkets.  Consistent with PRG’s philosophy, the firm focuses on assets where value can be added via repositioning, redevelopment and/or leasing.</p>\r\n<p align=\"left\">Multi-tenant incubator business parks is a key focal area due to its principals’ long track record of success with this this type of asset in Southern California and the firm’s strong in-house leasing and management platform.  The firm targets well located incubator business parks where its leasing and management expertise serve as a critical operating advantage.</p>\r\n[tab_insert page=\"143\"]','Business Parks/Industrial','','inherit','closed','open','','44-revision-v1','','','2013-10-15 04:43:07','2013-10-15 04:43:07','',44,'http://www.prgim.com/44-revision-v1/',0,'revision','',0),(379,3,'2013-10-15 04:46:31','2013-10-15 04:46:31','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n<br />\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\r\n<br />\r\n<br />','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:46:31','2013-10-15 04:46:31','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(372,3,'2013-10-15 04:20:45','2013-10-15 04:20:45','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth-300x168.png\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouthresort.com\">www.piersouthresort.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-10-15 04:20:45','2013-10-15 04:20:45','',247,'http://www.prgim.com/247-revision-v1/',0,'revision','',0),(374,3,'2013-10-15 04:29:31','2013-10-15 04:29:31','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n\r\n\r\n\r\n\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:29:31','2013-10-15 04:29:31','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(371,3,'2013-10-15 04:18:31','2013-10-15 04:18:31','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address><address><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a></address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-15 04:18:31','2013-10-15 04:18:31','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(370,3,'2013-10-15 04:17:55','2013-10-15 04:17:55','','FourSeasons','','inherit','closed','open','','fourseasonsimage','','','2013-10-15 04:17:55','2013-10-15 04:17:55','',42,'http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg',0,'attachment','image/jpeg',0),(373,3,'2013-10-15 04:22:42','2013-10-15 04:22:42','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer</address><address><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\"><img class=\"alignnone size-full wp-image-370\" alt=\"FourSeasons\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/FourSeasonsImage.jpg\" width=\"148\" height=\"78\" /></a></address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-15 04:22:42','2013-10-15 04:22:42','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(390,3,'2013-10-15 16:07:43','2013-10-15 16:07:43','<!--a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /-->PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n•Business Parks/Industrial\r\n•Hotels\r\n•Creative Assets\r\n\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-15 16:07:43','2013-10-15 16:07:43','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(368,3,'2013-10-15 00:02:58','2013-10-15 00:02:58','<!--a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /-->PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n	<ul>\r\n        <li>Business Parks/Industrial</li>\r\n	<li>Hotels</li>\r\n	<li>Creative Assets</li>\r\n</ul>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-15 00:02:58','2013-10-15 00:02:58','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(365,3,'2013-10-14 23:56:02','2013-10-14 23:56:02','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.\r\n<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 23:56:02','2013-10-14 23:56:02','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(366,3,'2013-10-14 23:56:47','2013-10-14 23:56:47','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.\r\n<div class=\"anchorRow clear\"></div>\r\n<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 23:56:47','2013-10-14 23:56:47','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(367,3,'2013-10-14 23:59:47','2013-10-14 23:59:47','<strong></strong><em>Vice President</em>\r\n\r\nCraig Johnson joined PRG’s predecessor company and advisory group in 1984.  He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles to LAX submarkets.\r\n\r\nMr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis.   In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.\r\n\r\nMr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics.  He is a past president of the AIR Commercial Real Estate Association.','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-10-14 23:59:47','2013-10-14 23:59:47','',357,'http://www.prgim.com/357-revision-v1/',0,'revision','',0),(363,3,'2013-10-14 23:52:34','2013-10-14 23:52:34','<div class=\"anchorRow clear\">\r\n<p align=\"left\">PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market.  Many members of the management team have worked together for over 14 years.</p>\r\n</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 23:52:34','2013-10-14 23:52:34','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(362,3,'2013-10-14 23:49:09','2013-10-14 23:49:09','<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 23:49:09','2013-10-14 23:49:09','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(361,3,'2013-10-14 16:31:09','2013-10-14 16:31:09','<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 16:31:09','2013-10-14 16:31:09','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(360,3,'2013-10-14 16:20:00','2013-10-14 16:20:00','<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 16:20:00','2013-10-14 16:20:00','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(358,3,'2013-10-14 16:16:22','2013-10-14 16:16:22','Craig Johnson joined PRG’s predecessor company and advisory group in 1984.  He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles to LAX submarkets.\r\n\r\nMr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis.   In addition, he has represented major corporations including Direct TV, Target and Extra Space Management.\r\n\r\nMr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics.  He is a past president of the AIR Commercial Real Estate Association.','Craig Johnson','','inherit','closed','open','','357-revision-v1','','','2013-10-14 16:16:22','2013-10-14 16:16:22','',357,'http://www.prgim.com/357-revision-v1/',0,'revision','',0),(359,3,'2013-10-14 16:18:38','2013-10-14 16:18:38','<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][anchor_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 16:18:38','2013-10-14 16:18:38','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(357,1,'2013-10-14 16:16:35','2013-10-14 16:16:35','[column-group]\r\n[column]\r\n<p align=\"left\"><b>Craig Johnson</b></p>\r\n<p align=\"left\"><img class=\"alignnone size-full wp-image-726\" alt=\"Craig Johnson\" src=\"http://www.prgim.com/wp-content/uploads/bios/Craig-bio-200.jpg\" width=\"200\" height=\"300\" /></a></p>\r\n<p align=\"left\"><i>Senior Vice President</i></p>[/column]\r\n[column span=\"2\"]\r\n<p align=\"left\">Craig Johnson joined PRG’s predecessor company and advisory group in 1983. He has over 30 years of expertise in commercial office and industrial real estate with an emphasis on the West Los Angeles and LAX submarkets.  His clients have included Hughes Aircraft, Target Stores, Xerox, Vicon, DHL, DirecTV, Ortho Mattress, Northbrook Properties, PS Business Parks, Extra Space and First Industrial.\r\n\r\nMr. Johnson is a past president of the AIR Commercial Real Estate Association.  He was instrumental in developing the AIR lease document, which is the most commonly used commercial lease document in California.\r\n\r\nMr. Johnson was active in Pacifica Capital Group’s 1990s acquisition cycle and possesses significant experience in real estate investment and analysis. In addition, he has over 18 years of experience with acquisition, design, entitlement and development of self storage facilities which has resulted in 10 completed projects.  With the Extra Space Mini-Storage in Santa Monica, Mr. Johnson served as the developer and secured the entitlement rights for this development which was completed in 2008.\r\n\r\nMr. Johnson graduated from University of California at Los Angeles with a Bachelors of Arts degree in History and Economics.</p>[/column]\r\n[/column-group]','Craig Johnson<br><img src=\"http://www.prgim.com/wp-content/uploads/bios/Craig-bio-100.jpg\" />','','publish','closed','open','','craig-johnson','','','2015-08-02 00:36:15','2015-08-02 00:36:15','',29,'http://www.prgim.com/?page_id=357',5,'page','',0),(352,1,'2013-10-07 17:23:21','2013-10-07 17:23:21','<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-07 17:23:21','2013-10-07 17:23:21','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(353,1,'2013-10-07 17:30:02','2013-10-07 17:30:02','<div class=\"anchorRow clear\">[anchor_default_insert page=\"146\"][anchor_insert page=\"152\"][anchor_insert page=\"199\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"146\"][section_insert page=\"152\"][section_insert page=\"199\"]</div>','Past Portfolio','','inherit','closed','open','','37-revision-v1','','','2013-10-07 17:30:02','2013-10-07 17:30:02','',37,'http://www.prgim.com/37-revision-v1/',0,'revision','',0),(355,3,'2013-10-14 16:10:47','2013-10-14 16:10:47','[gallery link=\"file\" ids=\"187,186,185,184\"]','Industrial','','inherit','closed','open','','152-revision-v1','','','2013-10-14 16:10:47','2013-10-14 16:10:47','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(356,3,'2013-10-14 16:11:24','2013-10-14 16:11:24','[gallery link=\"file\" ids=\"210,209,208,207,206,205\"]','Office','','inherit','closed','open','','199-revision-v1','','','2013-10-14 16:11:24','2013-10-14 16:11:24','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(364,3,'2013-10-14 23:54:27','2013-10-14 23:54:27','PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market. Many members of the management team have worked together for over 14 years.','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-14 23:54:27','2013-10-14 23:54:27','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(350,1,'2013-10-07 16:57:47','2013-10-07 16:57:47','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-07 16:57:47','2013-10-07 16:57:47','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(351,1,'2013-10-07 17:02:45','2013-10-07 17:02:45','<div class=\"anchorRow clear\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"]</div>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-07 17:02:45','2013-10-07 17:02:45','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(344,3,'2013-10-05 20:12:23','2013-10-05 20:12:23','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][page_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 20:12:23','2013-10-05 20:12:23','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(347,3,'2013-10-05 22:28:16','2013-10-05 22:28:16','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 22:28:16','2013-10-05 22:28:16','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(349,1,'2013-10-07 16:54:02','2013-10-07 16:54:02','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-07 16:54:02','2013-10-07 16:54:02','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(341,3,'2013-10-05 19:39:56','2013-10-05 19:39:56','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n<table>\r\n<tr>[box_insert page=\"288\"]</tr>\r\n<tr>[box_insert page=\"290\"]</tr>\r\n<tr>[box_insert page=\"292\"]</tr></table>\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:39:56','2013-10-05 19:39:56','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(345,3,'2013-10-05 20:15:48','2013-10-05 20:15:48','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 20:15:48','2013-10-05 20:15:48','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(339,3,'2013-10-05 19:36:51','2013-10-05 19:36:51','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n	<li>[box_insert page=\"288\"]</li>\r\n<li>[box_insert page=\"290\"]</li>\r\n<li>[box_insert page=\"292\"]</li>\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:36:51','2013-10-05 19:36:51','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(340,3,'2013-10-05 19:39:02','2013-10-05 19:39:02','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n<tr><td>[box_insert page=\"288\"]</td>\r\n<td>[box_insert page=\"290\"]</td>\r\n<td>[box_insert page=\"292\"]</td></tr>\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:39:02','2013-10-05 19:39:02','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(342,3,'2013-10-05 19:44:05','2013-10-05 19:44:05','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">[box_insert page=\"288\"]\r\n\r\n\r\n[box_insert page=\"290\"]\r\n\r\n\r\n\r\n[box_insert page=\"292\"]</div>\r\n\r\n','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:44:05','2013-10-05 19:44:05','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(337,3,'2013-10-05 19:35:32','2013-10-05 19:35:32','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n[box_insert page=\"288\"]<br />[box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:35:32','2013-10-05 19:35:32','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(343,3,'2013-10-05 19:44:32','2013-10-05 19:44:32','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]</div>\r\n\r\n','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:44:32','2013-10-05 19:44:32','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(338,3,'2013-10-05 19:36:19','2013-10-05 19:36:19','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n	<li>[box_insert page=\"288\"]</li>\r\n[box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-05 19:36:19','2013-10-05 19:36:19','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(333,3,'2013-10-05 19:27:20','2013-10-05 19:27:20','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 19:27:20','2013-10-05 19:27:20','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(334,3,'2013-10-05 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19:25:31','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(332,3,'2013-10-05 19:26:13','2013-10-05 19:26:13','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][post_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 19:26:13','2013-10-05 19:26:13','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(325,3,'2013-10-05 16:13:01','2013-10-05 16:13:01','[gallery link=\"file\" ids=\"187,186,185,184\"]','Industrial Parks','','inherit','closed','open','','152-revision-v1','','','2013-10-05 16:13:01','2013-10-05 16:13:01','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(327,3,'2013-10-05 16:14:52','2013-10-05 16:14:52','This is the news page.\r\nTBD','News','','inherit','closed','open','','15-revision-v1','','','2013-10-05 16:14:52','2013-10-05 16:14:52','',15,'http://www.prgim.com/15-revision-v1/',0,'revision','',0),(328,3,'2013-10-05 16:17:37','2013-10-05 16:17:37',' ','','','publish','closed','open','','328','','','2013-10-18 03:57:40','2013-10-18 03:57:40','',0,'http://www.prgim.com/?p=328',6,'nav_menu_item','',0),(330,3,'2013-10-05 19:07:49','2013-10-05 19:07:49','','prg-homepage','','inherit','closed','open','','prg-homepage','','','2013-10-05 19:07:49','2013-10-05 19:07:49','',0,'http://www.prgim.com/wp-content/uploads/2013/10/prg-homepage.jpg',0,'attachment','image/jpeg',0),(319,1,'2013-10-01 06:03:21','2013-10-01 06:03:21','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-01 06:03:21','2013-10-01 06:03:21','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(318,1,'2013-10-01 05:59:04','2013-10-01 05:59:04','[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]\r\n[section_insert page=\"115\"]\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\">[section_insert page=\"123\"]\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\">[section_insert page=\"126\"]\r\n</span><span style=\"line-height: 1.714285714; font-size: 1rem;\">[section_insert page=\"129\"]</span>','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-01 05:59:04','2013-10-01 05:59:04','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(320,1,'2013-10-01 06:20:44','2013-10-01 06:20:44','<div class=\"anchorRow\">[anchor_insert page=\"146\"][anchor_insert page=\"152\"][anchor_insert page=\"199\"]</div>\r\n[section_insert page=\"146\"]\r\n[section_insert page=\"152\"]\r\n[section_insert page=\"199\"]','Past Portfolio','','inherit','closed','open','','37-revision-v1','','','2013-10-01 06:20:44','2013-10-01 06:20:44','',37,'http://www.prgim.com/37-revision-v1/',0,'revision','',0),(322,3,'2013-10-05 15:50:07','2013-10-05 15:50:07','<!--a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /-->PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<ul>\r\n	<li>Business Parks/Industrial</li>\r\n	<li>Hotels</li>\r\n	<li>Creative Assets</li>\r\n</ul>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-10-05 15:50:07','2013-10-05 15:50:07','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(317,1,'2013-10-01 05:58:12','2013-10-01 05:58:12','[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]\r\n\r\n[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-01 05:58:12','2013-10-01 05:58:12','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(346,3,'2013-10-05 20:19:02','2013-10-05 20:19:02','<div class=\"anchorRow\">[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]</div>\r\n','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-10-05 20:19:02','2013-10-05 20:19:02','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(314,1,'2013-10-01 05:40:23','2013-10-01 05:40:23','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"centerme\">\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-01 05:40:23','2013-10-01 05:40:23','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(316,1,'2013-10-01 06:03:08','2013-10-01 06:03:08','[anchor_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"]\n[section_insert page=\"115\"]\n[section_insert page=\"123\"]\n[section_insert page=\"126\"]\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-autosave-v1','','','2013-10-01 06:03:08','2013-10-01 06:03:08','',29,'http://www.prgim.com/29-autosave-v1/',0,'revision','',0),(311,3,'2013-09-28 16:05:49','2013-09-28 16:05:49','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61 aligncenter\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-28 16:05:49','2013-09-28 16:05:49','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(310,3,'2013-09-28 16:05:11','2013-09-28 16:05:11','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-28 16:05:11','2013-09-28 16:05:11','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(312,3,'2013-09-28 16:07:12','2013-09-28 16:07:12','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-28 16:07:12','2013-09-28 16:07:12','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(306,3,'2013-09-25 04:28:33','2013-09-25 04:28:33','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n[box_insert page=\"288\"]\r\n[box_insert page=\"290\"]\r\n[box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 04:28:33','2013-09-25 04:28:33','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(307,3,'2013-09-25 04:29:04','2013-09-25 04:29:04','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">[box_insert page=\"288\"]\r\n\r\n[box_insert page=\"290\"]\r\n\r\n[box_insert page=\"292\"]</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 04:29:04','2013-09-25 04:29:04','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(308,3,'2013-09-25 04:29:41','2013-09-25 04:29:41','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 04:29:41','2013-09-25 04:29:41','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(302,3,'2013-09-25 04:23:01','2013-09-25 04:23:01','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse conditions\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Allows for greater flexibility with future exit options</span></li>\r\n</ul>','Focus on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-09-25 04:23:01','2013-09-25 04:23:01','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(303,3,'2013-10-05 19:40:57','2013-10-05 19:40:57','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\n<div class=\"clear\">[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]</div>\n\n','Investment Philosphy','','inherit','closed','open','','162-autosave-v1','','','2013-10-05 19:40:57','2013-10-05 19:40:57','',162,'http://www.prgim.com/162-autosave-v1/',0,'revision','',0),(305,3,'2013-09-25 04:25:54','2013-09-25 04:25:54','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 04:25:54','2013-09-25 04:25:54','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(315,1,'2013-10-01 05:43:22','2013-10-01 05:43:22','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-10-01 05:43:22','2013-10-01 05:43:22','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(526,1,'2013-10-23 05:47:41','2013-10-23 05:47:41','Leasing is a major operational strength of the PRG platform.  In addition to handling leasing for its own properties, PRG’s affiliated advisory firm has represented third party clients in creative office, industrial and business parks.  Clients include Travelers (NYSE: T), Prologis (NYSE: PLD), PS Business Parks (NYSE: PSB), Cornerstone Realty Funds, Transwestern, First Industrial Realty Trust (NYSE: FR) and RREEF.\r\n\r\nPRG’s affiliated advisory firm has earned a reputation for delivering results in creating and executing “value add” business plans resulting in leasing buildings at higher rates.  Exceptionally strong relationships within the brokerage community and a reputation for integrity are at the foundation of PRG’s success in leasing.\r\n\r\n[tab_insert page=\"497\"]','<b>Leasing Platform</b>','','inherit','closed','open','','493-revision-v1','','','2013-10-23 05:47:41','2013-10-23 05:47:41','',493,'http://www.prgim.com/493-revision-v1/',0,'revision','',0),(300,1,'2013-09-25 03:50:50','2013-09-25 03:50:50','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</span></strong>\n<ol>\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\n</ol>\n<div class=\"clear\">[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]</div>','Investment Philosphy','','inherit','closed','open','','162-autosave-v1','','','2013-09-25 03:50:50','2013-09-25 03:50:50','',162,'http://www.prgim.com/162-autosave-v1/',0,'revision','',0),(299,1,'2013-09-25 03:49:48','2013-09-25 03:49:48','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</span></strong>\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n<div class=\"clear\">\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n</div>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 03:49:48','2013-09-25 03:49:48','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(298,1,'2013-09-25 03:44:18','2013-09-25 03:44:18','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</span></strong>\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 03:44:18','2013-09-25 03:44:18','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(304,3,'2013-09-25 04:25:12','2013-09-25 04:25:12','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-09-25 04:25:12','2013-09-25 04:25:12','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(297,1,'2013-09-25 03:43:46','2013-09-25 03:43:46','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-25 03:43:46','2013-09-25 03:43:46','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(296,1,'2013-09-25 03:39:20','2013-09-25 03:39:20','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]\r\n\r\n[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]\r\n\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-25 03:39:20','2013-09-25 03:39:20','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(295,1,'2013-09-25 03:37:58','2013-09-25 03:37:58','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]\r\n\r\n[box_insert page=\"288\"]\r\n[box_insert page=\"290\"]\r\n[box_insert page=\"292\"]\r\n\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-25 03:37:58','2013-09-25 03:37:58','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(294,1,'2013-09-25 03:37:37','2013-09-25 03:37:37','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]\r\n\r\n[box_insert page=\"288\"]\r\n[box_insert page=\"288\"]\r\n[box_insert page=\"292\"]\r\n\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-25 03:37:37','2013-09-25 03:37:37','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(293,1,'2013-09-25 03:35:22','2013-09-25 03:35:22','<ul type=\"disc\">\r\n	<li><span style=\"color: #000000;\">Acquire assets below intrinsic value and significantly below replacement cost\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Strategy created to provide ability to weather economic storms and defend against adverse conditions\r\n</span></li>\r\n	<li><span style=\"color: #000000;\">Allows for greater flexibility with future exit options</span></li>\r\n</ul>','Focuz on Investment Basis','','inherit','closed','open','','292-revision-v1','','','2013-09-25 03:35:22','2013-09-25 03:35:22','',292,'http://www.prgim.com/292-revision-v1/',0,'revision','',0),(323,3,'2013-10-05 15:51:15','2013-10-05 15:51:15','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n<span style=\"line-height: 1.714285714; font-size: 1rem;\"> </span>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-10-05 15:51:15','2013-10-05 15:51:15','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(888,1,'2014-09-08 01:55:50','2014-09-08 01:55:50','<p></p>\r\n[column-group]\r\n[column]<a title=\"arts-district\" href=\"http://www.prgim.com//wp-content/uploads/articles/PRG-Announces-Acquisition-of-the-Sparrows-Lodge-9-5-14.pdf\" target=\"_blank\"><img class=\"alignnone  wp-image-258\" alt=\"Sparrows Lodge\" src=\"http://www.prgim.com/wp-content/uploads/articles/Sparrows-300x200.jpg\" width=\"210\" height=\"140\" /></a>[/column]\r\n[column span=\"3\"]LOS ANGELES, CA - PRG Investment and Management announced that it has acquired the Sparrows Lodge in Palm Springs in a partnership with Richard Crisman and Jeff Brock. <a href=\"http://www.prgim.com//wp-content/uploads/articles/PRG-Announces-Acquisition-of-the-Sparrows-Lodge-9-5-14.pdf\" target=\"_blank\">READ MORE</a>[/column]\r\n[/column-group]','PRG Announces Acquisition of the Sparrows Lodge in Palm Springs','','publish','closed','open','','sparrows-lodge-in-palm-springs','','','2014-09-25 03:47:34','2014-09-25 03:47:34','',15,'http://www.prgim.com/?page_id=888',0,'page','',0),(291,1,'2013-09-25 03:34:13','2013-09-25 03:34:13','<ul type=\"disc\">\r\n	<li> History of executing based on disciplined investment principles</li>\r\n	<li><span style=\"color: #000000;\"> Wait for “good buys” vs. “putting money out” philosophy</span></li>\r\n</ul>','Patient Investment Philosophy','','inherit','closed','open','','290-revision-v1','','','2013-09-25 03:34:13','2013-09-25 03:34:13','',290,'http://www.prgim.com/290-revision-v1/',0,'revision','',0),(292,1,'2013-09-25 03:35:22','2013-09-25 03:35:22','<ul type=\"disc\">\r\n	<li>Acquire assets below intrinsic value and significantly below replacement cost\r\n</li>\r\n	<li>Strategy created to provide ability to weather economic storms and defend against adverse economic conditions\r\n</li>\r\n	<li>Solid investment basis at acquisition allows for greater flexibility with multiple future exit paths</li>\r\n</ul>','Focus on Investment Basis','','publish','closed','closed','','focus-on-investment-basis','','','2014-08-25 15:08:46','2014-08-25 15:08:46','',162,'http://www.prgim.com/?page_id=292',2,'page','',0),(290,1,'2013-09-25 03:34:13','2013-09-25 03:34:13','<ul type=\"disc\">\r\n	<li>History of buying and selling based on disciplined investment principles</li>\r\n	<li>Wait for “good buys” vs. “putting money out” philosophy</li>\r\n	<li>Strategy typically based on medium to long term execution of proven operating plans versus “flipping” plans</li>\r\n</ul>','Patient Investment Philosophy','','publish','closed','closed','','patient-investment-philosophy','','','2013-11-03 19:30:24','2013-11-03 19:30:24','',162,'http://www.prgim.com/?page_id=290',1,'page','',0),(289,1,'2013-09-25 03:33:39','2013-09-25 03:33:39','<ul type=\"disc\">\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\">Investments typically underwritten on trough cash flows and significantly below prior peak revenues and NOI levels</span></li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\"> Establish a meaningful “margin of safety”</span></li>\r\n	<li><span style=\"font-family: arial, helvetica, sans-serif;\"> Investments underwritten to account for cyclical nature of real estate market and exercise conservative use of debt</span></li>\r\n</ul>','Conservative Underwriting Philosophy','','inherit','closed','open','','288-revision-v1','','','2013-09-25 03:33:39','2013-09-25 03:33:39','',288,'http://www.prgim.com/288-revision-v1/',0,'revision','',0),(288,1,'2013-09-25 03:33:39','2013-09-25 03:33:39','<ul type=\"disc\">\r\n	<li>Investments underwritten to account for cyclical nature of real estate market with intense focus on “peak to trough” comparison and long term historical operating performance trends</li>\r\n	<li>Establish a meaningful “margin of safety” with all key assumptions</li>\r\n	<li>Concentrate on opportunities with favorable seller circumstances, transactional complexity or where management expertise can mitigate operating risks</li>\r\n</ul>','Conservative Underwriting Philosophy','','publish','closed','closed','','conservative-underwriting-philosophy','','','2013-11-06 05:20:39','2013-11-06 05:20:39','',162,'http://www.prgim.com/?page_id=288',0,'page','',0),(287,1,'2013-09-25 03:32:12','2013-09-25 03:32:12','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]\r\n\r\n[box_insert page=\"220\"]\r\n\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-25 03:32:12','2013-09-25 03:32:12','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(285,3,'2013-10-14 23:51:10','2013-10-14 23:51:10','<div class=\"anchorRow clear\">\n<p align=\"left\">PRG’s management team possesses a depth of knowledge and experience in the Southern California real estate market.  Many members of the management team have worked together for over 14 years.</p>\n</div>\n\n<div class=\"anchorRow clear\"></div>\n<div class=\"anchorRow clear\">[anchor_default_insert page=\"115\"][anchor_insert page=\"123\"][anchor_insert page=\"126\"][anchor_insert page=\"129\"][anchor_insert page=\"357\"]</div>\n<div class=\"anchorContent\">[section_insert page=\"115\"][section_insert page=\"123\"][section_insert page=\"126\"][section_insert page=\"129\"][section_insert page=\"357\"]</div>','Management Team','','inherit','closed','open','','29-autosave-v1','','','2013-10-14 23:51:10','2013-10-14 23:51:10','',29,'http://www.prgim.com/29-autosave-v1/',0,'revision','',0),(281,3,'2013-09-22 03:07:19','2013-09-22 03:07:19','[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-09-22 03:07:19','2013-09-22 03:07:19','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(280,3,'2013-09-22 03:06:55','2013-09-22 03:06:55','[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"162\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-09-22 03:06:55','2013-09-22 03:06:55','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(279,3,'2013-09-22 03:06:15','2013-09-22 03:06:15','[section_insert page=\"162\"]\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"162\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-09-22 03:06:15','2013-09-22 03:06:15','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(276,3,'2013-09-22 02:51:20','2013-09-22 02:51:20','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignleft size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>  <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignnone size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:51:20','2013-09-22 02:51:20','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(277,3,'2013-09-22 02:51:53','2013-09-22 02:51:53','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignnone size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>      <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignnone size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:51:53','2013-09-22 02:51:53','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(275,3,'2013-09-22 02:50:54','2013-09-22 02:50:54','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignleft size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>  <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignright size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:50:54','2013-09-22 02:50:54','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(274,3,'2013-09-22 02:50:17','2013-09-22 02:50:17','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignright size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>  <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignnone size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:50:17','2013-09-22 02:50:17','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(273,3,'2013-09-22 02:49:53','2013-09-22 02:49:53','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignnone size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>  <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignnone size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:49:53','2013-09-22 02:49:53','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(278,3,'2013-09-22 02:55:36','2013-09-22 02:55:36','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<img class=\"alignnone size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /> <img class=\"alignnone size-medium wp-image-270\" style=\"font-size: 1rem; line-height: 1;\" alt=\"creativeAsset2\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" width=\"300\" height=\"195\" />','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:55:36','2013-09-22 02:55:36','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(272,3,'2013-09-22 02:49:35','2013-09-22 02:49:35','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignnone size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg\"><img src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2-300x195.jpg\" alt=\"creativeAsset2\" width=\"300\" height=\"195\" class=\"alignnone size-medium wp-image-270\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:49:35','2013-09-22 02:49:35','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(270,3,'2013-09-22 02:49:21','2013-09-22 02:49:21','','creativeAsset2','','inherit','closed','open','','creativeasset2','','','2013-09-22 02:49:21','2013-09-22 02:49:21','',46,'http://www.prgim.com/wp-content/uploads/2013/08/creativeAsset2.jpg',0,'attachment','image/jpeg',0),(271,3,'2013-09-28 16:07:16','2013-09-28 16:07:16','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h.png\"><img class=\"alignnone size-medium wp-image-309\" alt=\"creativeAssets-space-379h\" src=\"http://www.prgim.com/wp-content/uploads/2013/09/creativeAssets-space-379h-300x198.png\" width=\"300\" height=\"198\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignnone size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-autosave-v1','','','2013-09-28 16:07:16','2013-09-28 16:07:16','',46,'http://www.prgim.com/46-autosave-v1/',0,'revision','',0),(269,3,'2013-09-22 02:46:08','2013-09-22 02:46:08','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n<br></br>\r\n<br></br>\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:46:08','2013-09-22 02:46:08','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(268,3,'2013-09-22 02:45:52','2013-09-22 02:45:52','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n<br></br>\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:45:52','2013-09-22 02:45:52','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(266,3,'2013-09-22 02:45:12','2013-09-22 02:45:12','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n<br></br>\r\n<br></br>\r\n<br></br>\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:45:12','2013-09-22 02:45:12','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(267,3,'2013-09-22 02:45:33','2013-09-22 02:45:33','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n<br></br>\r\n<br></br>\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:45:33','2013-09-22 02:45:33','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(265,3,'2013-09-22 02:44:41','2013-09-22 02:44:41','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n<p></p>\r\n<p></p>\r\n<p></p>\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:44:41','2013-09-22 02:44:41','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(375,3,'2013-10-15 04:39:56','2013-10-15 04:39:56','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:39:56','2013-10-15 04:39:56','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(264,3,'2013-09-22 02:43:51','2013-09-22 02:43:51','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n\r\n<strong>CONCLUSION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:43:51','2013-09-22 02:43:51','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(263,3,'2013-09-22 02:41:47','2013-09-22 02:41:47','SITUATION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\nSTRATEGY AND EXECUTION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal interaction with brokers representing these tenants, based on 13 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\nRESULTS:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were 9% higher than preformat\r\n•Tenant improvement and capital costs were 10% lower than preformat\r\n•High quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\n•Unsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n\r\n\r\nCONCLUSION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>•Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\n•Exclusive Focus on Southern California where Company holds “home court advantage”\r\n•Exceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\n•Proven reputation and strong operating track record with tangible results\r\n','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:41:47','2013-09-22 02:41:47','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(262,3,'2013-09-22 02:39:27','2013-09-22 02:39:27','SITUATION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>2006:</b> Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>2011:</b> Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\nBusiness Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\nBusiness Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\nSTRATEGY AND EXECUTION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\nLeasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\nPersonal interaction with brokers representing these tenants, based on 13 years of relationships.\r\nAggressive campaign direct to tenants to demonstrate the leasing value proposition.\r\n\r\nRESULTS:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\nActual rents were 9% higher than preformat\r\nTenant improvement and capital costs were 10% lower than preformat\r\nHigh quality tenant mix including NYSE company, bio-tech firm, industrial entrepreneurial companies.\r\nUnsolicited offer received in Month 14 of ownership representing 34% premium to original purchase price.\r\n\r\nCONCLUSION:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignleft size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>Established as a partner for investors seeking real estate investments in Southern California where Company holds a clear competitive operating advantage\r\nExclusive Focus on Southern California where Company holds “home court advantage”\r\nExceptionally strong relationship network provides unique operating advantage to interconnected industry matrix\r\nProven reputation and strong operating track record with tangible results\r\n','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:39:27','2013-09-22 02:39:27','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(377,3,'2013-10-15 04:45:20','2013-10-15 04:45:20','<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\r\n\r\n<strong>STRATEGY AND EXECUTION:</strong>\r\n<div id=\"caseStudy-strategy\" style=\"height:225\">\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\r\n</div>\r\n\r\n<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-15 04:45:20','2013-10-15 04:45:20','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(261,3,'2013-09-22 02:35:46','2013-09-22 02:35:46','Situation:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>2006:</b> Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n2011: Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\nBusiness Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\nBusiness Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignnone size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignnone size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignnone size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:35:46','2013-09-22 02:35:46','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(259,3,'2013-09-22 02:31:20','2013-09-22 02:31:20','','strategyPic','','inherit','closed','open','','strategypic','','','2013-09-22 02:31:20','2013-09-22 02:31:20','',143,'http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png',0,'attachment','image/png',0),(260,3,'2013-09-22 02:34:29','2013-09-22 02:34:29','Situation:\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignnone size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>2006:</b> Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n2011: Company acquired business park an a short sale basis at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\nBusiness Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\nBusiness Park was 29% occupied by 3 month-to-month tenants at acquisition. Broker sentiment was negative due to lack of tenant demand and historically high vacancy at competing business parks.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignnone size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignnone size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png\"><img class=\"alignnone size-medium wp-image-256\" alt=\"conclusionpic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic-300x173.png\" width=\"300\" height=\"173\" /></a>','Case Study: Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-09-22 02:34:29','2013-09-22 02:34:29','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(256,3,'2013-09-22 02:31:07','2013-09-22 02:31:07','','conclusionpic','','inherit','closed','open','','conclusionpic','','','2013-09-22 02:31:07','2013-09-22 02:31:07','',143,'http://www.prgim.com/wp-content/uploads/2013/08/conclusionpic.png',0,'attachment','image/png',0),(257,3,'2013-09-22 02:31:11','2013-09-22 02:31:11','','resultsPic','','inherit','closed','open','','resultspic','','','2013-09-22 02:31:11','2013-09-22 02:31:11','',143,'http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png',0,'attachment','image/png',0),(258,3,'2013-09-22 02:31:16','2013-09-22 02:31:16','','Laurel Park','','inherit','closed','open','','scenariopic','','','2013-09-22 02:31:16','2013-09-22 02:31:16','',143,'http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png',0,'attachment','image/png',0),(255,3,'2013-10-15 17:00:36','2013-10-15 17:00:36','<div id=\"situation\" style:\"position:relative;\">\n<strong>SITUATION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.\n<br />\n<br />\n</div>\n\n<div id=\"strategy\" style:\"position:relative;\">\n<strong>STRATEGY AND EXECUTION:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition\n<br />\n<br />\n</div>\n\n<div id=\"results\" style:\"position:relative; height:\">\n<strong>RESULTS:</strong>\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.\n</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-autosave-v1','','','2013-10-15 17:00:36','2013-10-15 17:00:36','',143,'http://www.prgim.com/143-autosave-v1/',0,'revision','',0),(253,3,'2013-09-22 02:24:44','2013-09-22 02:24:44','Creative assets are a key focal area due to the emerging demand for creative office space among entertainment and technology firms combined with PRG’s understanding of these assets from an advisory capacity.  The firm has very strong relationships within both the entertainment and technology industries which provides a key advantage in considering investment properties and locations.\r\n\r\nAs the manner in which professionals work has changed, PRG endeavors to be a leader in defining the creative workspace.  From an investment perspective, the ability to convert industrial buildings to creative buildings is a core part of its strategy.\r\n\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg\"><img class=\"alignnone size-medium wp-image-252\" alt=\"creativeAssets-space\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space-300x198.jpg\" width=\"300\" height=\"198\" /></a>','Creative Assets','','inherit','closed','open','','46-revision-v1','','','2013-09-22 02:24:44','2013-09-22 02:24:44','',46,'http://www.prgim.com/46-revision-v1/',0,'revision','',0),(250,3,'2013-09-22 02:23:24','2013-09-22 02:23:24','','hospitality-CPH','','inherit','closed','open','','hospitality-cph','','','2013-09-22 02:23:24','2013-09-22 02:23:24','',132,'http://www.prgim.com/wp-content/uploads/2013/08/hospitality-CPH.jpg',0,'attachment','image/jpeg',0),(251,3,'2013-09-22 02:23:36','2013-09-22 02:23:36','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/hospitality-CPH.jpg\"><img class=\"alignnone size-medium wp-image-250\" alt=\"hospitality-CPH\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/hospitality-CPH-300x211.jpg\" width=\"300\" height=\"211\" /></a></b>\r\n\r\nFrom the hotel opening in early 2008 until the property sale in June 2012, PRG’s predecessor company owned and managed the hotel. <a title=\"CPH\" href=\"http://www.colonypalmshotel.com\" target=\"_blank\">www.colonypalmshotel.com</a>','Colony Palms Hotel','','inherit','closed','open','','132-revision-v1','','','2013-09-22 02:23:36','2013-09-22 02:23:36','',132,'http://www.prgim.com/132-revision-v1/',0,'revision','',0),(252,3,'2013-09-22 02:24:36','2013-09-22 02:24:36','','creativeAssets-space','','inherit','closed','open','','creativeassets-space','','','2013-09-22 02:24:36','2013-09-22 02:24:36','',46,'http://www.prgim.com/wp-content/uploads/2013/08/creativeAssets-space.jpg',0,'attachment','image/jpeg',0),(249,3,'2013-09-22 02:21:57','2013-09-22 02:21:57','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-09-22 02:21:57','2013-09-22 02:21:57','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(369,3,'2013-10-15 00:05:58','2013-10-15 00:05:58','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel. This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008. The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California. In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer </address>\r\n<h2><strong>Management Experience</strong></h2>\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"247\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-10-15 00:05:58','2013-10-15 00:05:58','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(247,1,'2013-09-22 02:20:07','2013-09-22 02:20:07','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/piersouth2.jpg\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriott collection. <a href=\"http://www.piersouthresort.com\" target=\"_blank\">www.piersouthresort.com</a>','Pier South','','publish','closed','open','','pier-south','','','2013-11-20 16:14:46','2013-11-20 16:14:46','',42,'http://www.prgim.com/?page_id=247',3,'page','',0),(248,3,'2013-09-22 02:19:50','2013-09-22 02:19:50','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth-300x168.png\" width=\"300\" height=\"168\" /></a>\r\n\r\nLocated on the sand and oceanfront in the San Diego area of Imperial Beach, this 78 room hotel is a brand new development.  PRG has been retained to provide boutique management and sales/marketing services.  The property is a member of the prestigious Autograph by Marriot collection.  <a href=\"http://www.piersouth.com\">www.piersouth.com</a>','Pier South','','inherit','closed','open','','247-revision-v1','','','2013-09-22 02:19:50','2013-09-22 02:19:50','',247,'http://www.prgim.com/247-revision-v1/',0,'revision','',0),(246,3,'2013-09-22 02:18:21','2013-09-22 02:18:21','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nLocated on the boardwalk in Venice, California with spectacular ocean views, this boutique hotel is in the middle of a repositioning as the preferred boutique hotel for creative types and international travelers seeking an urban eclectic experience. <a href=\"http://www.sucasavenice.com/\">http://www.sucasavenice.com</a>','Su Casa Venice Beach','','inherit','closed','open','','138-revision-v1','','','2013-09-22 02:18:21','2013-09-22 02:18:21','',138,'http://www.prgim.com/138-revision-v1/',0,'revision','',0),(245,3,'2013-09-22 02:17:50','2013-09-22 02:17:50','<strong><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar.png\"><img class=\"alignnone size-medium wp-image-241\" alt=\"alcazar\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar-300x168.png\" width=\"300\" height=\"168\" /></a> </strong>\r\n\r\nThe hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) in Palm Springs.   <a href=\"http://www.alcazarpalmsprings.com/\">http://www.alcazarpalmsprings.com</a>','The Alcazar','','inherit','closed','open','','136-revision-v1','','','2013-09-22 02:17:50','2013-09-22 02:17:50','',136,'http://www.prgim.com/136-revision-v1/',0,'revision','',0),(243,3,'2013-09-22 02:17:35','2013-09-22 02:17:35','','sucasa','','inherit','closed','open','','sucasa','','','2013-09-22 02:17:35','2013-09-22 02:17:35','',136,'http://www.prgim.com/wp-content/uploads/2013/08/sucasa.png',0,'attachment','image/png',0),(244,3,'2013-09-22 02:17:43','2013-09-22 02:17:43','<strong><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar.png\"><img class=\"alignnone size-medium wp-image-241\" alt=\"alcazar\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar-300x168.png\" width=\"300\" height=\"168\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png\"><img class=\"alignnone size-medium wp-image-242\" alt=\"piersouth\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/piersouth-300x168.png\" width=\"300\" height=\"168\" /></a> <a href=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></strong>\n\nThe hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) in Palm Springs.   <a href=\"http://www.alcazarpalmsprings.com/\">http://www.alcazarpalmsprings.com</a>','The Alcazar','','inherit','closed','open','','136-autosave-v1','','','2013-09-22 02:17:43','2013-09-22 02:17:43','',136,'http://www.prgim.com/136-autosave-v1/',0,'revision','',0),(240,3,'2013-09-22 02:15:14','2013-09-22 02:15:14','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, the intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-09-22 02:15:14','2013-09-22 02:15:14','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(241,3,'2013-09-22 02:17:29','2013-09-22 02:17:29','','alcazar','','inherit','closed','open','','alcazar','','','2013-09-22 02:17:29','2013-09-22 02:17:29','',136,'http://www.prgim.com/wp-content/uploads/2013/08/alcazar.png',0,'attachment','image/png',0),(242,3,'2013-09-22 02:17:32','2013-09-22 02:17:32','','piersouth','','inherit','closed','open','','piersouth','','','2013-09-22 02:17:32','2013-09-22 02:17:32','',136,'http://www.prgim.com/wp-content/uploads/2013/08/piersouth.png',0,'attachment','image/png',0),(238,3,'2013-09-22 02:14:05','2013-09-22 02:14:05','','GranadaHotel','','inherit','closed','open','','granadahotel','','','2013-09-22 02:14:05','2013-09-22 02:14:05','',134,'http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png',0,'attachment','image/png',0),(239,3,'2013-09-22 02:14:38','2013-09-22 02:14:38','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, the intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>.','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-09-22 02:14:38','2013-09-22 02:14:38','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(236,3,'2013-09-22 02:12:13','2013-09-22 02:12:13','<b>[photo]  </b>From the hotel opening in early 2008 until the property sale in June 2012, PRG’s predecessor company owned and managed the hotel. <a title=\"CPH\" href=\"http://www.colonypalmshotel.com\" target=\"_blank\">www.colonypalmshotel.com</a>','Colony Palms Hotel','','inherit','closed','open','','132-revision-v1','','','2013-09-22 02:12:13','2013-09-22 02:12:13','',132,'http://www.prgim.com/132-revision-v1/',0,'revision','',0),(237,3,'2013-09-22 02:14:31','2013-09-22 02:14:31','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, the intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.  <a href=\"http://www.granadahotelandbistro.com\">www.granadahotelandbistro.com</a>.','Granada Hotel and Bistro','','inherit','closed','open','','134-autosave-v1','','','2013-09-22 02:14:31','2013-09-22 02:14:31','',134,'http://www.prgim.com/134-autosave-v1/',0,'revision','',0),(313,1,'2013-10-01 05:14:15','2013-10-01 05:14:15','','Homepage Image','','inherit','closed','open','','homepage_img','','','2013-10-01 05:14:15','2013-10-01 05:14:15','',0,'http://www.prgim.com/wp-content/uploads/2013/10/homepage_img.jpg',0,'attachment','image/jpeg',0),(235,3,'2013-09-22 02:12:02','2013-09-22 02:12:02','<b>[photo]  </b>From the hotel opening in early 2008 until the property sale in June 2012, PRG’s predecessor company owned and managed the hotel. <a title=\"CPH\" href=\"http://www.colonypalmshotel.com\" target=\"_blank\">www.colonypalmshotel.com</a>','Colony Palms Hotel','','inherit','closed','open','','132-autosave-v1','','','2013-09-22 02:12:02','2013-09-22 02:12:02','',132,'http://www.prgim.com/132-autosave-v1/',0,'revision','',0),(232,3,'2013-09-22 02:04:05','2013-09-22 02:04:05','<strong></strong><em>Vice President of Property Management</em>\r\n\r\nRene Franco joined PRG in 2011 and is Vice President of Property Management and a partner of the firm’s property management division.  Mr. Franco overseas all aspects of property management, including construction, tenant improvements, reporting and due diligence.\r\n\r\nFrom 2006-2011, Mr. Franco was an Operations Manager at Transwestern, formerly RREEF D/B Real Estate.  Mr. Franco was actively involved with operational strategic planning and implementation of operations for over 7 million square feet of industrial warehouse, office and R&amp;D space valued in excess of $1.3 billion.  He developed operations and capital budgets for over 26 business parks, and managed the procurement process of all aspects for large-scale construction projects by soliciting bids while ensuring proper vendor practice.\r\n\r\nMr. Franco holds a Bachelor’s Degree in Business Management from the University of Phoenix and continues his education by being actively involved with industry associations, immersing himself in continued educational classes.  He is an active member and Chair of the Long Beach/South Bay Regional Council for the Building Owners and Managers Association of Greater Los Angeles (BOMA/GLA), and a member of AIR Commercial Real Estate Association (AIR).','Rene Franco','','inherit','closed','open','','129-revision-v1','','','2013-09-22 02:04:05','2013-09-22 02:04:05','',129,'http://www.prgim.com/129-revision-v1/',0,'revision','',0),(231,3,'2013-09-22 02:03:23','2013-09-22 02:03:23','<strong></strong><em>Managing Principal (Hospitality)</em>\r\n\r\nDavid Dittmer joined Pacifica Capital Group in 2005 and was actively involved in the development of the Colony Palms Hotel in Palm Springs, California.  Under the late Steven Ohren’s leadership, Mr. Dittmer was also actively involved during the construction and opening phases.\r\n\r\nShortly after the Colony Palms’ full opening in early 2008, Mr. Dittmer was appointed General Manager of the property and became employed by the hotel.  Under Mr. Dittmer’s General Management leadership, Colony Palms Hotel established worldwide prominence including accolades such as Worldwide “Hot List” status by Condé Nast and comparable status by Travel + Leisure Magazine.  In addition, Mr. Dittmer was instrumental in developing the Colony Palms’ yield management strategies and principles, resulting in superior performance relative to the national boutique sector. Despite a limited room count, Mr. Dittmer’s deep focus on the fundamental economics in Hospitality Management has resulted in the Colony Palms Hotel surpassing National Averages in both Growth Operating Profit and Net Operating Income.\r\n\r\nMr. Dittmer joined PRG in August 2013.  He graduated from UC Berkeley with a B.A. in Legal Studies and was Valedictorian of the department. He received Highest Honors from the University and was also nominated to Phi Beta Kappa.','David Dittmer','','inherit','closed','open','','126-revision-v1','','','2013-09-22 02:03:23','2013-09-22 02:03:23','',126,'http://www.prgim.com/126-revision-v1/',0,'revision','',0),(230,3,'2013-09-22 02:02:38','2013-09-22 02:02:38','<strong></strong><em>Managing Principal</em>\r\n\r\nClifford (“Kip”) Lord, Jr. joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as  lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.\r\n\r\nIn 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000-2008.  Mr. Lord continues to serve as Managing Partner and oversee the real estate and private equity interests.\r\n\r\nIn 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. sold the franchise rights to Yum Brands in 2007.\r\n\r\nMr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.\r\n\r\nMr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.','Clifford Lord, Jr.','','inherit','closed','open','','123-revision-v1','','','2013-09-22 02:02:38','2013-09-22 02:02:38','',123,'http://www.prgim.com/123-revision-v1/',0,'revision','',0),(229,3,'2013-09-22 02:01:48','2013-09-22 02:01:48','<strong></strong><em>Managing Principal</em>\r\n\r\nBritten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder. Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.\r\n\r\nIn 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks in the South Bay market. At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.\r\n\r\nIn 2006, Mr. Shuford and Keenen Ivory Wayans founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in Southern California.\r\n\r\nIn 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for Brennan Investment Group.\r\n\r\nMr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.\r\n\r\nMr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.\r\n\r\nMr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was also the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.','Britten Shuford','','inherit','closed','open','','115-revision-v1','','','2013-09-22 02:01:48','2013-09-22 02:01:48','',115,'http://www.prgim.com/115-revision-v1/',0,'revision','',0),(228,3,'2013-09-22 02:01:33','2013-09-22 02:01:33','<strong></strong><em>Managing Principal</em>\n\nBritten Shuford joined the predecessor company, Pacifica Capital Group, in 1998 and began leading the organization in 2005 with the late co-founder. Mr. Shuford has orchestrated more than $1 billion in commercial real estate transactions in the course of his career totaling over 8 million square feet. He was tangentially involved in Pacifica’s late 1990’s acquisition cycle in Los Angeles and actively planned and executed the disposition strategy of office and industrial assets within the portfolio which concluded in Q4-2005.\n\nIn 1999, First Industrial Realty Trust (NYSE: FR) acquired Pacifica Capital Group’s Southern California industrial real estate portfolio, which marked its entry into the California market. This portfolio was comprised of multi-tenant flex-industrial business parks in the South Bay market. At the age of 23, Mr. Shuford was appointed to handle the leasing and lease renewals for this 1 million square foot portfolio from the point of First Industrial’s acquisition until the successful portfolio sale in 2003.\n\nIn 2006, Mr. Shuford and Keenen Ivory Wayans founded Wayans-Pacifica Urban Investment Partnership. This partnership focused on investing and developing in communities located in urban areas in Southern California.\n\nIn 2009, Mr. Shuford co-founded Brennan Investment Group with Michael Brennan, who was the President/Chief Executive Officer of First Industrial Realty Trust (NYSE: FR), to create an opportunistic national industrial real estate platform. Between 2009-2013, Mr. Shuford was a Managing Principal of the firm which acquired over $400 million in the United States with investment partners including DLJ Capital Partners and London based Gatehouse Bank. Mr. Shuford currently serves on the Advisory Board for Brennan Investment Group.\n\nMr. Shuford was acting Managing Partner of Pacifica Colony Palms LLC, which owned and operated the Colony Palms Hotel in Palm Springs. He remains active in the management and ownership of other boutique hotels in California.\nMr. Shuford was also the architect of the affiliated third party advisory group, SCO Advisors, which was launched to serve the needs of major financial institutions and REITs. He has assisted many of the largest institutional real estate investors, including Travelers, Prologis, First Industrial Realty Trust, Cornerstone Realty Fund, and RREEF in completing complex strategic acquisitions and dispositions in Los Angeles. Mr. Shuford represented institutional sellers in the two largest transactions of 2007 in the South Bay and LAX submarkets totaling $37 million.\n\nMr. Shuford was the youngest member ever elected to the Board of Directors of the AIR Commercial Real Estate Association, the largest organization of its kind in the United States. He was also the youngest member ever admitted to the Los Angeles Chapter of SIOR. Mr. Shuford earned his Bachelor’s Degree in Business Administration from Loyola Marymount University.','Britten Shuford','','inherit','closed','open','','115-autosave-v1','','','2013-09-22 02:01:33','2013-09-22 02:01:33','',115,'http://www.prgim.com/115-autosave-v1/',0,'revision','',0),(227,3,'2013-09-17 05:11:38','2013-09-17 05:11:38','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to: <a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-17 05:11:38','2013-09-17 05:11:38','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(224,3,'2013-09-17 05:08:29','2013-09-17 05:08:29','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]\r\n[section_insert page=\"220\"]','investCriteria-backup','','private','closed','open','','investcriteria-backup','','','2013-09-17 05:08:29','2013-09-17 05:08:29','',0,'http://www.prgim.com/?page_id=224',0,'page','',0),(225,3,'2013-09-17 05:08:29','2013-09-17 05:08:29','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]\r\n[section_insert page=\"220\"]','investCriteria-backup','','inherit','closed','open','','224-revision-v1','','','2013-09-17 05:08:29','2013-09-17 05:08:29','',224,'http://www.prgim.com/224-revision-v1/',0,'revision','',0),(222,3,'2013-09-17 05:06:09','2013-09-17 05:06:09','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n\r\n<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]\r\n[section_insert page=\"220\"]','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-17 05:06:09','2013-09-17 05:06:09','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(223,3,'2013-09-17 05:06:46','2013-09-17 05:06:46','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]\r\n[section_insert page=\"220\"]','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-17 05:06:46','2013-09-17 05:06:46','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(221,3,'2013-09-17 05:03:57','2013-09-17 05:03:57','It is a mega-region with a population base of 22.4 million. Los Angeles County ranks as the 17th largest economy in the world.\r\n\r\nSouthern California is a dynamic economic base comprised a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously underappreciated industrial areas. Unlike many regions in the United States, the high degree of transition is uniquely high in Southern California.\r\n\r\nPRG believes its best chances for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','inherit','closed','open','','220-revision-v1','','','2013-09-17 05:03:57','2013-09-17 05:03:57','',220,'http://www.prgim.com/220-revision-v1/',0,'revision','',0),(220,1,'2013-09-17 05:04:21','2013-09-17 05:04:21','It is a mega-region with a population base of over 22 million. Los Angeles County ranks as the 17th largest economy in the world and is considered one of the most urban infill regions in the US.\r\n\r\nSouthern California is a dynamic economic base comprised of a range of highly diverse yet interconnected industries. The interconnected nature of the region is evidenced as industrial buildings are converted to creative office buildings and apartments are converted to hotels. Furthermore, historically industrial areas gentrify into creative office hubs which pushes industrial demand out into previously under-appreciated industrial areas. Unlike many regions in the US, the high degree of transformation is relatively high in Southern California.\r\n\r\nPRG believes its best opportunities for success are to operate and invest in the submarkets where it has the most experience and best understanding. Due to the highly integrated nature of seemingly diverse industries and asset classes, PRG believes a primary competitive advantage is deeply understanding the various industries and interconnected nature in Southern California.','Our View of Southern California','','publish','closed','open','','our-view-of-southern-california','','','2013-11-06 05:38:04','2013-11-06 05:38:04','',13,'http://www.prgim.com/?page_id=220',0,'page','',0),(218,3,'2013-09-17 05:01:06','2013-09-17 05:01:06','<div style=\"width:700px; align:center\">\r\n<p align=\"center\"><b>Our Mission</b></p>\r\n<p align=\"center\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p></div>\r\n\r\n\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n','Mission and Standards','','inherit','closed','open','','166-autosave-v1','','','2013-09-17 05:01:06','2013-09-17 05:01:06','',166,'http://www.prgim.com/166-autosave-v1/',0,'revision','',0),(216,3,'2013-09-15 05:23:26','2013-09-15 05:23:26','<!--a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /-->PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<ul>\r\n	<li>Business Parks/Industrial</li>\r\n	<li>Hotels</li>\r\n	<li>Creative Assets</li>\r\n</ul>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-09-15 05:23:26','2013-09-15 05:23:26','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(215,3,'2013-09-15 05:19:51','2013-09-15 05:19:51','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n\r\n<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-15 05:19:51','2013-09-15 05:19:51','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(203,1,'2013-08-29 01:29:33','2013-08-29 01:29:33','[gallery link=\"file\" ids=\"187,186,185,184\"]','Industrial Parks Gallery','','inherit','closed','open','','152-revision-v1','','','2013-08-29 01:29:33','2013-08-29 01:29:33','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(204,1,'2013-08-29 01:30:34','2013-08-29 01:30:34','[section_insert page=\"146\"]\r\n[section_insert page=\"152\"]\r\n[section_insert page=\"199\"]\r\n\r\n&nbsp;','Past Portfolio','','inherit','closed','open','','37-revision-v1','','','2013-08-29 01:30:34','2013-08-29 01:30:34','',37,'http://www.prgim.com/37-revision-v1/',0,'revision','',0),(326,3,'2013-10-05 16:13:18','2013-10-05 16:13:18','[gallery link=\"file\" ids=\"210,209,208,207,206,205\"]','Office Parks','','inherit','closed','open','','199-revision-v1','','','2013-10-05 16:13:18','2013-10-05 16:13:18','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(212,1,'2013-08-29 01:36:27','2013-08-29 01:36:27','[gallery link=\"file\" ids=\"210,209,208,207,206,205\"]','Office Parks Gallery','','inherit','closed','open','','199-revision-v1','','','2013-08-29 01:36:27','2013-08-29 01:36:27','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(226,3,'2013-09-17 05:10:03','2013-09-17 05:10:03','<table border=\"0\" cellpadding=\"0\">\r\n<tbody>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Property Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Business Parks-Industrial\r\nHotels\r\nCreative Assets</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Size:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">$2 to $25 million for a single asset purchase\r\n$20 million plus for a portfolio acquisition</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Markets:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Southern California (Primary Focus)\r\nAll Other Areas of Southern California (Secondary Focus)</p>\r\n</td>\r\n</tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p align=\"left\"><b>Transaction Types:</b></p>\r\n</td>\r\n<td>\r\n<p align=\"left\">Vacant or partially leased properties\r\nUnderperforming Assets\r\nAcquisiton of First Mortgage\r\nCo-Investment and/or Operating Partnerships</p>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nSubmit to:<a href=\"mailto:acquisitions@pacificarealtygroup.com\">acquisitions@pacificarealtygroup.com</a>\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]\r\n[tab_insert page=\"220\"]','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-09-17 05:10:03','2013-09-17 05:10:03','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(205,1,'2013-08-29 01:34:47','2013-08-29 01:34:47','','Concourse <br /> (Los Angeles)','','inherit','closed','open','','concourse-la','','','2013-08-29 01:34:47','2013-08-29 01:34:47','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Concourse-LA.jpg',0,'attachment','image/jpeg',0),(200,1,'2013-08-29 01:28:41','2013-08-29 01:28:41','[gallery ids=\"198,197,196,195,194,193\"]','Office Parks','','inherit','closed','open','','199-revision-v1','','','2013-08-29 01:28:41','2013-08-29 01:28:41','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(201,1,'2013-08-29 01:29:09','2013-08-29 01:29:09','[gallery link=\"file\" ids=\"81,80,79,189\"]','Business Parks Gallery','','inherit','closed','open','','146-revision-v1','','','2013-08-29 01:29:09','2013-08-29 01:29:09','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(211,1,'2013-08-29 01:35:23','2013-08-29 01:35:23','[gallery ids=\"210,209,208,207,206,205\"]','Office Parks Gallery','','inherit','closed','open','','199-revision-v1','','','2013-08-29 01:35:23','2013-08-29 01:35:23','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(202,1,'2013-08-29 01:29:21','2013-08-29 01:29:21','[gallery ids=\"198,197,196,195,194,193\"]','Office Parks Gallery','','inherit','closed','open','','199-revision-v1','','','2013-08-29 01:29:21','2013-08-29 01:29:21','',199,'http://www.prgim.com/199-revision-v1/',0,'revision','',0),(209,1,'2013-08-29 01:34:57','2013-08-29 01:34:57','','Research Center <br /> (El Segundo)','','inherit','closed','open','','research-center','','','2013-08-29 01:34:57','2013-08-29 01:34:57','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Research-Center.jpg',0,'attachment','image/jpeg',0),(210,1,'2013-08-29 01:34:58','2013-08-29 01:34:58','','Sunset Coast <br /> (Pacific Palisades)','','inherit','closed','open','','sunset-coast','','','2013-08-29 01:34:58','2013-08-29 01:34:58','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Sunset-Coast.jpg',0,'attachment','image/jpeg',0),(199,1,'2013-08-29 01:28:41','2013-08-29 01:28:41','[gallery link=\"file\" ids=\"210,209,208,207,206,205\"]','Office','','publish','closed','closed','','office-parks','','','2013-10-14 16:11:24','2013-10-14 16:11:24','',37,'http://www.prgim.com/?page_id=199',2,'page','',0),(188,1,'2013-08-29 01:14:04','2013-08-29 01:14:04','[gallery link=\"file\" ids=\"187,186,185,184\"]\r\n\r\nPacifica Gateway Center (Torrance)\r\nKnox Corporate Center (Los Angeles)\r\n3000 Las Hermanas (Rancho Dominguez)\r\n19771 Magellan Ave. (Los Angeles)','Past Portfolio - Industrial','','inherit','closed','open','','152-revision-v1','','','2013-08-29 01:14:04','2013-08-29 01:14:04','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(189,1,'2013-08-29 01:15:35','2013-08-29 01:15:35','','South Bay Business Park <br /> (Torrance)','','inherit','closed','open','','south-bay-bp','','','2013-08-29 01:15:35','2013-08-29 01:15:35','',0,'http://www.prgim.com/wp-content/uploads/2013/08/South-Bay-BP.jpg',0,'attachment','image/jpeg',0),(191,1,'2013-08-29 01:18:48','2013-08-29 01:18:48','[gallery link=\"file\" ids=\"81,80,79,189\"]','Past Portfolio - Business Parks','','inherit','closed','open','','146-revision-v1','','','2013-08-29 01:18:48','2013-08-29 01:18:48','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(190,1,'2013-08-29 01:16:06','2013-08-29 01:16:06','[gallery link=\"file\" ids=\"81,80,79,189\"]\r\n\r\nSouth Bay Business Park (Torrance)- photo, address, size of project\r\nCentury-105 Center (Hawthorne)\r\nCarson Industrial Center (Carson)\r\nLa Cienega Industrial (Los Angeles)','Past Portfolio - Business Parks','','inherit','closed','open','','146-revision-v1','','','2013-08-29 01:16:06','2013-08-29 01:16:06','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(206,1,'2013-08-29 01:34:49','2013-08-29 01:34:49','','El Segundo Center <br /> (El Segundo)','','inherit','closed','open','','el-segundo','','','2013-08-29 01:34:49','2013-08-29 01:34:49','',0,'http://www.prgim.com/wp-content/uploads/2013/08/El-Segundo.jpg',0,'attachment','image/jpeg',0),(207,1,'2013-08-29 01:34:51','2013-08-29 01:34:51','','Harbor Gateway <br /> (Los Angeles)','','inherit','closed','open','','harbor-gateway','','','2013-08-29 01:34:51','2013-08-29 01:34:51','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Harbor-Gateway.jpg',0,'attachment','image/jpeg',0),(208,1,'2013-08-29 01:34:53','2013-08-29 01:34:53','','Interchange <br /> (Long Beach)','','inherit','closed','open','','interchange-long-beach','','','2013-08-29 01:34:53','2013-08-29 01:34:53','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Interchange-Long-Beach.jpg',0,'attachment','image/jpeg',0),(184,1,'2013-08-29 01:10:56','2013-08-29 01:10:56','','3000 Las Hermanas <br /> (Rancho Dominguez)','','inherit','closed','open','','3000-las-hermanas-rancho-dominguez','','','2013-08-29 01:10:56','2013-08-29 01:10:56','',0,'http://www.prgim.com/wp-content/uploads/2013/08/3000-Las-Hermanas-Rancho-Dominguez.jpg',0,'attachment','image/jpeg',0),(185,1,'2013-08-29 01:10:58','2013-08-29 01:10:58','','La Cienega Center <br /> (Inglewood)','','inherit','closed','open','','la-cienega-center','','','2013-08-29 01:10:58','2013-08-29 01:10:58','',0,'http://www.prgim.com/wp-content/uploads/2013/08/La-Cienega-Center.jpg',0,'attachment','image/jpeg',0),(186,1,'2013-08-29 01:13:01','2013-08-29 01:13:01','','Knox Corporate Center <br /> (Los Angeles)','','inherit','closed','open','','knox-rd','','','2013-08-29 01:13:01','2013-08-29 01:13:01','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Knox-RD.jpg',0,'attachment','image/jpeg',0),(187,1,'2013-08-29 01:13:02','2013-08-29 01:13:02','Torrance','Pacifica Gateway Center','','inherit','closed','open','','pacifica-gateway-torrance','','','2013-08-29 01:13:02','2013-08-29 01:13:02','',0,'http://www.prgim.com/wp-content/uploads/2013/08/Pacifica-Gateway-Torrance.jpg',0,'attachment','image/jpeg',0),(192,1,'2013-08-29 01:19:17','2013-08-29 01:19:17','[gallery link=\"file\" ids=\"187,186,185,184\"]','Past Portfolio - Industrial','','inherit','closed','open','','152-revision-v1','','','2013-08-29 01:19:17','2013-08-29 01:19:17','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(182,1,'2013-08-29 00:29:18','2013-08-29 00:29:18','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts</address>\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-29 00:29:18','2013-08-29 00:29:18','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(181,1,'2013-08-29 00:29:01','2013-08-29 00:29:01','','CPH','','inherit','closed','open','','image004','','','2013-08-29 00:29:01','2013-08-29 00:29:01','',42,'http://www.prgim.com/wp-content/uploads/2013/08/image004.jpg',0,'attachment','image/jpeg',0),(234,3,'2013-09-22 02:10:43','2013-09-22 02:10:43','<strong><img class=\"alignright size-medium wp-image-181\" alt=\"hopspitality\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/image004-300x160.jpg\" width=\"300\" height=\"160\" /></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts</address>\r\n<h2><strong>Management Experience</strong></h2>\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-09-22 02:10:43','2013-09-22 02:10:43','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(283,3,'2013-09-23 17:29:04','2013-09-23 17:29:04','<!--div style=\"width:700px; align:center\"-->\r\n<p align=\"center\"><b>Our Mission</b></p>\r\n<p align=\"center\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n<!--/div-->\r\n\r\n\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-09-23 17:29:04','2013-09-23 17:29:04','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(179,1,'2013-08-29 00:17:45','2013-08-29 00:17:45','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.\r\n\r\n</i></p>\r\n<p align=\"left\">[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]</p>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:17:45','2013-08-29 00:17:45','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(177,1,'2013-08-29 00:17:15','2013-08-29 00:17:15','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n<p style=\"text-align: center;\"></p>\r\n<p align=\"left\">[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]</p>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:17:15','2013-08-29 00:17:15','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(178,1,'2013-08-29 00:17:36','2013-08-29 00:17:36','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n<p align=\"left\"></p>\r\n<p align=\"left\">[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]</p>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:17:36','2013-08-29 00:17:36','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(176,1,'2013-08-29 00:13:37','2013-08-29 00:13:37','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</span></strong>\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-08-29 00:13:37','2013-08-29 00:13:37','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(175,1,'2013-08-29 00:13:18','2013-08-29 00:13:18','<h2 align=\"left\"><span style=\"line-height: 1.714285714; font-size: 1rem;\">CONSERVATIVE UNDERWRITING PHILOSOPHY</span></h2>\r\n<ul>\r\n	<li> Deals typically underwritten on trough cash flows and significantly below prior peak revenues and NOI levels</li>\r\n	<li> Establish a meaningful margin of safety</li>\r\n	<li> Deals underwritten to account for cyclical nature of real estate market and exercise conservative use of debt</li>\r\n</ul>\r\n<p align=\"left\"><strong>PATIENT INVESTMENT PHILOSOPHY</strong></p>\r\n\r\n<ul>\r\n	<li> History of executing based on investment principles</li>\r\n	<li> Disciplined approach to investing</li>\r\n</ul>\r\n<p align=\"left\"><strong>FOCUS ON INVESTMENT BASIS</strong></p>\r\n\r\n<ul>\r\n	<li> Acquire assets below intrinsic value and significantly below replacement cost</li>\r\n	<li> Allows for greater flexibility with future exit options</li>\r\n</ul>','Investment Principles','','inherit','closed','open','','166-revision-v1','','','2013-08-29 00:13:18','2013-08-29 00:13:18','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(174,1,'2013-08-29 00:12:51','2013-08-29 00:12:51','<span style=\"line-height: 1.714285714; font-size: 1rem;\">ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</span>\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-08-29 00:12:51','2013-08-29 00:12:51','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(219,3,'2013-09-17 05:02:10','2013-09-17 05:02:10','<div style=\"width:700px; align:center\">\r\n<p align=\"center\"><b>Our Mission</b></p>\r\n<p align=\"center\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p></div>\r\n\r\n\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-09-17 05:02:10','2013-09-17 05:02:10','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(169,1,'2013-08-29 00:08:32','2013-08-29 00:08:32','<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium.jpg\"><img class=\"alignright size-medium wp-image-61\" alt=\"iStock_000000437738Medium\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/iStock_000000437738Medium-300x198.jpg\" width=\"300\" height=\"198\" /></a>PRG is a fully integrated real estate company focused on investing, operating and developing in high growth areas within California with an emphasis on Southern California.  The firm is based in Los Angeles and managed by principals with a distinguished track record of success in Southern California.  PRG co-invests with institutional and private investors to capitalize on attractive risk adjusted opportunities.\r\n\r\nThe firm’s strategy is to invest only when it both possesses a deep, nuanced understanding of the asset and submarket as well as a clear business plan utilizing PRG’s competitive operating advantages.  Among these advantages is PRG’s experience in all aspects of management and leasing combined with its unparalleled relationship network, which serves as the foundation for the operating and investment platform.\r\n\r\nThe firm focuses on the following areas:\r\n<ul>\r\n	<li>Business Parks/Industrial</li>\r\n	<li>Hotels</li>\r\n	<li>Creative Assets</li>\r\n</ul>\r\nPRG investment strategy is grounded in deep proprietary research and extensive study of underlying and developing trends.  Focus is placed on identifying geographic areas and asset classes that provide catalytic growth potential either due to public policy initiatives, positively shifting tenant demand in a given segment or overall asset class mispricing at opportune times in market cycles.\r\n\r\n[tab_insert page=\"162\"]\r\n[tab_insert page=\"166\"]','Overview','','inherit','closed','open','','27-revision-v1','','','2013-08-29 00:08:32','2013-08-29 00:08:32','',27,'http://www.prgim.com/27-revision-v1/',0,'revision','',0),(164,1,'2013-08-29 00:04:21','2013-08-29 00:04:21','<h2>Investment Philosophy:</h2>\r\nONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-08-29 00:04:21','2013-08-29 00:04:21','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(284,3,'2013-09-23 17:29:26','2013-09-23 17:29:26','<p align=\"center\"><b>Our Mission</b></p>\r\n<p align=\"center\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n\r\n\r\n<p align=\"center\"><b>Investment Standards</b></p>\r\n<p style=\"text-align: left;\" align=\"center\"><b></b>PRG only invests when both of the following exists:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>\r\n','Mission and Standards','','inherit','closed','open','','166-revision-v1','','','2013-09-23 17:29:26','2013-09-23 17:29:26','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(167,1,'2013-08-29 00:06:40','2013-08-29 00:06:40','<h2 align=\"left\"><b>Investment Principles</b><b>:</b></h2>\r\n<p align=\"left\">CONSERVATIVE UNDERWRITING PHILOSOPHY</p>\r\n\r\n<ul>\r\n	<li> Deals typically underwritten on trough cash flows and significantly below prior peak revenues and NOI levels</li>\r\n	<li> Establish a meaningful margin of safety</li>\r\n	<li> Deals underwritten to account for cyclical nature of real estate market and exercise conservative use of debt</li>\r\n</ul>\r\n<p align=\"left\">PATIENT INVESTMENT PHILOSOPHY</p>\r\n\r\n<ul>\r\n	<li> History of executing based on investment principles</li>\r\n	<li> Disciplined approach to investing</li>\r\n</ul>\r\n<p align=\"left\">FOCUS ON INVESTMENT BASIS</p>\r\n\r\n<ul>\r\n	<li> Acquire assets below intrinsic value and significantly below replacement cost</li>\r\n	<li> Allows for greater flexibility with future exit options</li>\r\n</ul>','Investment Principles','','inherit','closed','open','','166-revision-v1','','','2013-08-29 00:06:40','2013-08-29 00:06:40','',166,'http://www.prgim.com/166-revision-v1/',0,'revision','',0),(168,1,'2013-08-29 00:07:10','2013-08-29 00:07:10','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n<p align=\"left\">[section_insert page=\"162\"]\r\n[section_insert page=\"166\"]</p>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:07:10','2013-08-29 00:07:10','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(162,1,'2013-08-29 00:04:02','2013-08-29 00:04:02','<strong><span style=\"line-height: 1.714285714; font-size: 1rem;\">We are value investors, focused on appropriately assessing risk and identifying key areas for outperformance</span></strong>\r\n<div class=\"clear\">[box_insert page=\"288\"][box_insert page=\"290\"][box_insert page=\"292\"]</div>\r\n\r\n','Investment Philosophy','','publish','closed','open','','investment-philosphy','','','2013-11-04 00:54:47','2013-11-04 00:54:47','',13,'http://www.prgim.com/?page_id=162',0,'page','',0),(163,1,'2013-08-29 00:04:02','2013-08-29 00:04:02','<h2>Investment Philosophy:</h2>\r\n<p>ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</p>\r\n\r\n<ol>\r\n	<li>Possess a deep, nuanced understanding of the asset and submarket</li>\r\n	<li> Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>\r\n</ol>','Investment Philosphy','','inherit','closed','open','','162-revision-v1','','','2013-08-29 00:04:02','2013-08-29 00:04:02','',162,'http://www.prgim.com/162-revision-v1/',0,'revision','',0),(161,1,'2013-08-29 00:02:42','2013-08-29 00:02:42','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n\r\n<h2 align=\"left\"><strong>INVESTMENT PHILOSOPHY:\r\n</strong></h2>\r\n<p align=\"left\"><b>ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</b></p>\r\n<p align=\"left\">1) Possess a deep, nuanced understanding of the asset <span style=\"text-decoration: underline;\">and</span> submarket</p>\r\n<p align=\"left\">2) Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</p>\r\n\r\n<h2 align=\"left\"><b>INVESTMENT</b> <b>PRINCIPLES:</b></h2>\r\n<p align=\"left\"><b>CONSERVATIVE UNDERWRITING PHILOSOPHY</b></p>\r\n\r\n<ul>\r\n	<li> Deals typically underwritten on trough cash flows and significantly below prior peak revenues and NOI levels</li>\r\n	<li> Establish a meaningful margin of safety</li>\r\n	<li> Deals underwritten to account for cyclical nature of real estate market and exercise conservative use of debt</li>\r\n</ul>\r\n<p align=\"left\"><b>PATIENT INVESTMENT PHILOSOPHY</b></p>\r\n\r\n<ul>\r\n	<li> History of executing based on investment principles</li>\r\n	<li> Disciplined approach to investing</li>\r\n</ul>\r\n<p align=\"left\"><b>FOCUS ON INVESTMENT BASIS</b></p>\r\n\r\n<ul>\r\n	<li> Acquire assets below intrinsic value and significantly below replacement cost</li>\r\n	<li> Allows for greater flexibility with future exit options</li>\r\n</ul>\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:02:42','2013-08-29 00:02:42','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(165,1,'2013-08-29 00:05:26','2013-08-29 00:05:26','<h3 align=\"center\"><b>Our Mission</b></h3>\r\n<p style=\"text-align: center;\"><i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i></p>\r\n<p align=\"left\">[section_insert page=\"162\"]</p>','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:05:26','2013-08-29 00:05:26','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(183,1,'2013-08-29 01:09:45','2013-08-29 01:09:45','TBD','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-08-29 01:09:45','2013-08-29 01:09:45','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(159,1,'2013-08-29 00:00:58','2013-08-29 00:00:58','[section_insert page=\"115\"]\r\n[section_insert page=\"123\"]\r\n[section_insert page=\"126\"]\r\n[section_insert page=\"129\"]','Management Team','','inherit','closed','open','','29-revision-v1','','','2013-08-29 00:00:58','2013-08-29 00:00:58','',29,'http://www.prgim.com/29-revision-v1/',0,'revision','',0),(160,1,'2013-08-29 00:02:14','2013-08-29 00:02:14','<p align=\"center\"><b>Our Mission</b></p>\r\n<i>Invest in high-quality properties in Southern California where PRG holds a distinct competitive operating advantage, resulting in a reliable stream of income and opportunity to outperform over time with sizable capital appreciation upside.</i>\r\n\r\n<h2 align=\"left\"><strong>INVESTMENT PHILOSOPHY:\r\n</strong></h2>\r\n<p align=\"left\"><b>ONLY INVEST WHEN BOTH OF THE FOLLOWING EXISTS:</b></p>\r\n<p align=\"left\">1) Possess a deep, nuanced understanding of the asset <span style=\"text-decoration: underline;\">and</span> submarket</p>\r\n<p align=\"left\">2) Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</p>\r\n\r\n<h2 align=\"left\"><b>INVESTMENT</b> <b>PRINCIPLES:</b></h2>\r\n<p align=\"left\"><b>CONSERVATIVE UNDERWRITING PHILOSOPHY</b></p>\r\n\r\n<ul>\r\n	<li> Deals typically underwritten on trough cash flows and significantly below prior peak revenues and NOI levels</li>\r\n	<li> Establish a meaningful margin of safety</li>\r\n	<li> Deals underwritten to account for cyclical nature of real estate market and exercise conservative use of debt</li>\r\n</ul>\r\n<p align=\"left\"><b>PATIENT INVESTMENT PHILOSOPHY</b></p>\r\n\r\n<ul>\r\n	<li> History of executing based on investment principles</li>\r\n	<li> Disciplined approach to investing</li>\r\n</ul>\r\n<p align=\"left\"><b>FOCUS ON INVESTMENT BASIS</b></p>\r\n\r\n<ul>\r\n	<li> Acquire assets below intrinsic value and significantly below replacement cost</li>\r\n	<li> Allows for greater flexibility with future exit options</li>\r\n</ul>\r\n&nbsp;','Investment Criteria','','inherit','closed','open','','13-revision-v1','','','2013-08-29 00:02:14','2013-08-29 00:02:14','',13,'http://www.prgim.com/13-revision-v1/',0,'revision','',0),(158,1,'2013-08-28 23:59:14','2013-08-28 23:59:14','<strong></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n\r\n<address><em><strong>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”</strong>\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts</address>\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-28 23:59:14','2013-08-28 23:59:14','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(157,1,'2013-08-28 23:58:56','2013-08-28 23:58:56','<strong></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n<h5><em>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts</h5>\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-28 23:58:56','2013-08-28 23:58:56','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(153,1,'2013-08-28 23:54:27','2013-08-28 23:54:27','[gallery link=\"file\" ids=\"79,81,80\"]\r\n\r\nPacifica Gateway Center (Torrance)\r\nKnox Corporate Center (Los Angeles)\r\n3000 Las Hermanas (Rancho Dominguez)\r\n19771 Magellan Ave. (Los Angeles)','Past Portfolio - Industrial','','inherit','closed','open','','152-revision-v1','','','2013-08-28 23:54:27','2013-08-28 23:54:27','',152,'http://www.prgim.com/152-revision-v1/',0,'revision','',0),(154,1,'2013-08-28 23:54:43','2013-08-28 23:54:43','[gallery link=\"file\" ids=\"81,80,79\"]\r\n\r\nSouth Bay Business Park (Torrance)- photo, address, size of project\r\nCentury-105 Center (Hawthorne)\r\nCarson Industrial Center (Carson)\r\nLa Cienega Industrial (Los Angeles)','Past Portfolio - Business Parks','','inherit','closed','open','','146-revision-v1','','','2013-08-28 23:54:43','2013-08-28 23:54:43','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(156,1,'2013-08-28 23:58:30','2013-08-28 23:58:30','<strong></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n\r\n<em>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.”\r\n-</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-28 23:58:30','2013-08-28 23:58:30','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(151,1,'2013-08-28 23:52:29','2013-08-28 23:52:29','[gallery link=\"file\" ids=\"81,80,79\"]\r\n\r\nSouth Bay Business Park (Torrance)- photo, address, size of project\r\nCentury-105 Center (Hawthorne)\r\nCarson Industrial Center (Carson)\r\nLa Cienega Industrial (Los Angeles)','Past Portfolio','','inherit','closed','open','','146-revision-v1','','','2013-08-28 23:52:29','2013-08-28 23:52:29','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(152,1,'2013-08-28 23:54:27','2013-08-28 23:54:27','[gallery link=\"file\" ids=\"388,186,185,184,387,385\"]','Industrial','','publish','closed','closed','','past-portfolio-industrial','','','2013-10-15 05:32:33','2013-10-15 05:32:33','',37,'http://www.prgim.com/?page_id=152',1,'page','',0),(146,1,'2013-08-28 23:48:52','2013-08-28 23:48:52','[gallery link=\"file\" ids=\"189, 79, 80, 383, 382, 384\"]','Business Parks','','publish','closed','closed','','past-portfolio','','','2013-10-15 05:23:34','2013-10-15 05:23:34','',37,'http://www.prgim.com/?page_id=146',0,'page','',0),(147,1,'2013-08-28 23:48:52','2013-08-28 23:48:52','[gallery link=\"none\" ids=\"81,80,79\"]','Past Portfolio','','inherit','closed','open','','146-revision-v1','','','2013-08-28 23:48:52','2013-08-28 23:48:52','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(324,3,'2013-10-05 16:06:27','2013-10-05 16:06:27','[gallery link=\"file\" ids=\"81,80,79,189\"]','Business Parks','','inherit','closed','open','','146-revision-v1','','','2013-10-05 16:06:27','2013-10-05 16:06:27','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(150,1,'2013-08-28 23:50:49','2013-08-28 23:50:49','[gallery link=\"none\" ids=\"81,80,79\"]\r\n\r\nSouth Bay Business Park (Torrance)- photo, address, size of project\r\nCentury-105 Center (Hawthorne)\r\nCarson Industrial Center (Carson)\r\nLa Cienega Industrial (Los Angeles)','Past Portfolio','','inherit','closed','open','','146-revision-v1','','','2013-08-28 23:50:49','2013-08-28 23:50:49','',146,'http://www.prgim.com/146-revision-v1/',0,'revision','',0),(144,1,'2013-08-28 23:47:41','2013-08-28 23:47:41','','Case Study: Laurel Park Commerce Center','','inherit','closed','open','','143-revision-v1','','','2013-08-28 23:47:41','2013-08-28 23:47:41','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(145,1,'2013-08-28 23:47:55','2013-08-28 23:47:55','One page describing the acquisition, operating strategy and results.','Case Study: Laurel Park Commerce Center','','inherit','closed','open','','143-revision-v1','','','2013-08-28 23:47:55','2013-08-28 23:47:55','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(471,1,'2013-10-20 21:54:02','2013-10-20 21:54:02','[column-group]\r\n[column]<div id=\"situation\"><strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a><b>[/column][column]•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired business park via short sale transaction at at $78/sq. ft., representing a 50% discount to outstanding loan balance\r\n•Business Park was acquired via a friendly short sale transaction with borrower/seller and lender\r\n•Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.</div>[/column][/column-group]\r\n<div id=\"strategy\"><strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic-300x200.png\" width=\"300\" height=\"200\" /></a>•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign direct to tenants to demonstrate the leasing value proposition</div>\r\n<div id=\"results\"><strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>•Occupancy of 98% was achieved in Month 9 of ownership (stabilization preformat occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies.</div>','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','inherit','closed','open','','143-revision-v1','','','2013-10-20 21:54:02','2013-10-20 21:54:02','',143,'http://www.prgim.com/143-revision-v1/',0,'revision','',0),(143,1,'2013-08-28 23:47:41','2013-08-28 23:47:41','[column-group]\r\n[column]<strong>SITUATION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic.png\"><img class=\"alignleft size-medium wp-image-258\" alt=\"ScenarioPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/ScenarioPic-300x200.png\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.8\"]<b>•2006:</b>Seller acquired property and secured condo map for individual commercial/flex/industrial units with the plan to sell units for $255/sq. ft. Seller’s total investment basis and outstanding loan balance was $165/sq. ft.\r\n<b>•2011:</b> PRG acquired the business park via a short sale transaction at $78/sq. ft., representing a 50% discount to the outstanding loan balance\r\n•The Business Park was acquired via a friendly short sale transaction between borrower/seller and lender\r\n•The Business Park was 29% occupied by 3 month-to-month tenants at acquisition\r\n•Broker sentiment was very negative due to lack of tenant demand and high vacancy at competing business parks.[/column][/column-group]\r\n[column-group]\r\n[column]<strong>STRATEGY AND EXECUTION:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/strategyPic.png\"><img class=\"alignleft size-medium wp-image-259\" alt=\"strategyPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/10/LaurelPark300.jpg\" width=\"300\" height=\"200\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Repositioning strategy included addressing deferred maintenance, improving appearance and presentation of the asset.\r\n•Leasing strategy included competing for “market share” by offering tenants in competing properties the best deal (higher quality product at a discount).\r\n•Personal relationships with brokers representing these tenants, based on 14 years of relationships.\r\n•Aggressive campaign directly to tenants to demonstrate the leasing value proposition[/column][/column-group]\r\n[column-group]\r\n[column]<strong>RESULTS:</strong>\r\n<a href=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic.png\"><img class=\"alignleft size-medium wp-image-257\" alt=\"resultsPic\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/resultsPic-300x286.png\" width=\"300\" height=\"286\" /></a>[/column]\r\n[column span=\"1.5\"]\r\n•Occupancy of 98% was achieved in Month 9 of ownership (projected stabilization occupancy was Month 18)\r\n•Actual rents were significantly higher and capital costs were significantly lower than proforma.\r\n•High quality tenant mix including NYSE company, bio-tech firms and industrial entrepreneurial companies[/column][/column-group]','<strong>Case Study:</strong> Laurel Park Commerce Center (Rancho Dominguez, CA)','','publish','closed','open','','case-study-laurel-park-commerce-center','','','2013-11-07 05:14:57','2013-11-07 05:14:57','',44,'http://www.prgim.com/?page_id=143',0,'page','',0),(142,1,'2013-08-28 23:06:19','2013-08-28 23:06:19','<strong></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n\r\n<em>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.” -</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"132\"]\r\n[tab_insert page=\"134\"]\r\n[tab_insert page=\"136\"]\r\n[tab_insert page=\"138\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-28 23:06:19','2013-08-28 23:06:19','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(141,1,'2013-08-28 23:05:14','2013-08-28 23:05:14','<strong></strong>PRG’s principals’ history in hospitality was borne from their experience with the Colony Palms Hotel.\r\n\r\nShortly after PRG’s predecessor company sold its commercial portfolio in 2005, the firm entered the hospitality industry by acquiring a hotel in Palm Springs and rebranding it The Colony Palms Hotel.  This boutique hotel was named by Conde Nast to its prestigious ‘Hot List’, marking it one of the top new boutique hotels in the world in 2008.  The Colony Palms Hotel quickly became the preferred desert destination for top Hollywood celebrities and professionals from entertainment industry.\r\n\r\nWith a team of highly talented individuals possessing unique disciplines and acting as the management company for the asset, the Colony Palms was recognized as one of the most prestigious boutique hotels and strongest boutique brands in the United States.\r\n\r\nIn addition, PRG has managed several small hotels in California with a successful track record of identifying niche areas within markets, developing the business plan and then executing to outperform projections.\r\n\r\nPraise for the Colony Palms Hotel—click for quote\r\n\r\nQuotes from five or six publications\r\n\r\n<em>“You and your team are to be congratulated on your early accomplishments and I wish you much success as you move forward.” -</em>Mr. Isadore Sharp, Founder, Chairman and Chief Executive Officer Four Seasons Hotels and Resorts\r\n<h2><strong>Management Experience</strong></h2>\r\nPRG is focused on acquiring, developing and managing hospitality assets in California.  In addition to managing assets under its own portfolio, PRG also handles third party hospitality assets.\r\n\r\n[tab_insert page=\"115\"]','Hospitality','','inherit','closed','open','','42-revision-v1','','','2013-08-28 23:05:14','2013-08-28 23:05:14','',42,'http://www.prgim.com/42-revision-v1/',0,'revision','',0),(139,1,'2013-08-28 23:03:47','2013-08-28 23:03:47','<b>[photo]  </b>Located on the strand in Venice, California two blocks from Abbot Kinney Blvd., this property is in the middle of a repositioning as the preferred boutique hotel for creative types and international travelers seeking an urban eclectic experience','Su Casa Venice Beach','','inherit','closed','open','','138-revision-v1','','','2013-08-28 23:03:47','2013-08-28 23:03:47','',138,'http://www.prgim.com/138-revision-v1/',0,'revision','',0),(137,1,'2013-08-28 23:03:20','2013-08-28 23:03:20','<strong>[photo] </strong>The hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) in Palm Springs.','The Alcazar','','inherit','closed','open','','136-revision-v1','','','2013-08-28 23:03:20','2013-08-28 23:03:20','',136,'http://www.prgim.com/136-revision-v1/',0,'revision','',0),(138,1,'2013-08-28 23:03:47','2013-08-28 23:03:47','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa.png\"><img class=\"alignnone size-medium wp-image-243\" alt=\"sucasa\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/sucasa-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nLocated on the boardwalk in Venice, California with spectacular ocean views, this boutique hotel is in the middle of repositioning as the preferred boutique hotel for creative types and international travelers seeking an urban eclectic experience. <a href=\"http://www.sucasavenice.com/\" target=\"_blank\">www.sucasavenice.com</a>','Su Casa Venice Beach','','publish','closed','open','','su-casa-venice-beach','','','2013-11-11 05:07:40','2013-11-11 05:07:40','',42,'http://www.prgim.com/?page_id=138',3,'page','',0),(135,1,'2013-08-28 23:02:47','2013-08-28 23:02:47','<b>[photo]</b>  Praised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, the intimate boutique is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar.','Granada Hotel and Bistro','','inherit','closed','open','','134-revision-v1','','','2013-08-28 23:02:47','2013-08-28 23:02:47','',134,'http://www.prgim.com/134-revision-v1/',0,'revision','',0),(136,1,'2013-08-28 23:03:20','2013-08-28 23:03:20','<strong><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar.png\"><img class=\"alignnone size-medium wp-image-241\" alt=\"alcazar\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/alcazar-300x168.png\" width=\"300\" height=\"168\" /></a> </strong>\r\n\r\nThe hotel was acquired via bankruptcy in 2010 and was profitably operated under its prior name for 14 months.  The Alcazar was rebranded and introduced to the market as an eclectic boutique hotel in the Uptown (Design District) of Palm Springs.   <a href=\"http://www.alcazarpalmsprings.com/\" target=\"_blank\">www.alcazarpalmsprings.com</a>','The Alcazar','','publish','closed','open','','the-alcazar','','','2013-11-11 05:07:55','2013-11-11 05:07:55','',42,'http://www.prgim.com/?page_id=136',4,'page','',0),(134,1,'2013-08-28 23:02:47','2013-08-28 23:02:47','<b><a href=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel.png\"><img class=\"alignnone size-medium wp-image-238\" alt=\"GranadaHotel\" src=\"http://www.prgim.com/wp-content/uploads/2013/08/GranadaHotel-300x219.png\" width=\"300\" height=\"219\" /></a></b>\r\n\r\nPraised by the New York Times as “San Luis Obispo’s first luxury boutique hotel” in December 2012, this intimate boutique hotel is located in an urban locale.  The property was originally built in 1929 and was completely restored with a modern industrial design centered upon the vibrant restaurant and bar. <a href=\"http://www.granadahotelandbistro.com\" target=\"_blank\">www.granadahotelandbistro.com</a>','Granada Hotel and Bistro','','publish','closed','open','','granada-hotel-and-bistro','','','2013-11-13 22:47:59','2013-11-13 22:47:59','',42,'http://www.prgim.com/?page_id=134',2,'page','',0),(133,1,'2013-08-28 23:02:11','2013-08-28 23:02:11','<b>[photo]  </b>From 2008 to June 2012, PRG’s principals managed the Colony Palms Hotel in Palm Springs, California.','Colony Palms Hotel','','inherit','closed','open','','132-revision-v1','','','2013-08-28 23:02:11','2013-08-28 23:02:11','',132,'http://www.prgim.com/132-revision-v1/',0,'revision','',0),