<p align="center"><b>Our Mission</b></p>

<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>
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<p align="center"><b>Investment Standards</b></p>
<p style="text-align: left;" align="center"><b></b>PRG only invests when both of the following exists:</p>

<ol>
	<li>Possess a deep, nuanced understanding of the asset and submarket</li>
	<li>Possess a clear strategy to increase operational performance due to PRG’s competitive advantages</li>
</ol>