North American Development Group ("NADG") Revenue and Competitors

In its cumulative business history, North American Development Group (NADG) has been active in the development, acquisition, redevelopment and management of over 200 shopping centers, residential and mixed-use developments comprising well over 35 million square feet across Canada and the United States. Currently, NADG owns over 25 million square feet of shopping center and mixed-use space in the United States and Canada, as well as over a dozen land development projects in various stages of development or pre-development, including a future pipeline of over 1,600 acres of land slated for mixed-use, residential and commercial development. NADG has sponsored and participated in over $1 Billion of real estate funds, utilizing investment criteria for core, opportunistic, land development and NNN real estate projects. In addition, NADG continues to partner with and invest alongside some of North America's leading Institutional Investors. Today the NADG Portfolio has an enterprise value of ± 4.5 Billion. NADG's team of over 235 first class professionals are located in our 11 offices across North America, 6 in Canada and 5 in the United States. The Company is headquartered in Toronto, Ontario with Canadian offices in Montreal, Ottawa, Edmonton, Kelowna and Halifax. In the United States, NADG's head office is in West Palm Beach, Florida with regional offices in Dallas, Atlanta, Phoenix and Nashville. NADG's leasing and property management company, Centrecorp, was established in 1991 as a fully integrated and diversified stand- alone real estate services company specializing in the shopping center sector. Centrecorp has grown to become one of the premier retail service providers in North America. The Company is actively involved in all aspects of management, leasing, remerchandising and development and currently manages and administers over 160 properties.