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[column]<span style="color: #2b3b6e;">Steve Leonard</span>
<p style="padding-left: 30px;"><span style="color: #2b3b6e; font-size: 9pt;">Founder and Chief Investment Officer<br />
Pacifica Capital Investments, LLC</span></p>
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[column span="2"]I have partnered with PRG on commercial real estate investments in Southern California over the past many years, all achieving above expectation results due to Britt’s hands-on involvement & extensive market knowledge.  I look forward to many additional opportunities with PRG in the future.  Britt is keenly aware of local markets conditions and understands there are times to be very aggressive with new projects and also times when extreme caution is warranted.
<a href="http://www.prgim.com//wp-content/uploads/2013/articles/CityNationalBank-112013.pdf" target="_blank">View Letter</a>
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