Introduction

Development Specifications

• Exceptional clear heights (28'-36'): Increased cubic storage capacity to meet the needs of sophisticated racking and product retrieval systems.
• Upgraded floor slabs: Typical floor slabs include stone subbase, vapor barriers, reinforced control and construction joints, 6" to 7" thickness, FF-50 and FL-35 flatness and levelness and Ashford Formula hardner/sealer.
• Generous truck courts with expanded trailer storage capacity: Larger truck courts make it easy for tenants to manage a high volume of truck traffic. Oakmont is making provisions for extensive trailer storage capacity and generally provides full concrete truck.
• Optimum column spacing: Column spacing from 50' to 54' depending on anticipated storage height and optimum racking layout. Loading/Staging bays with depths of up to 60'.
• Ample dock doors and flexible loading capacity: Cross-dock (flow through) facilities along with more traditional front and rear load buildings.
• Architectural tilt-wall construction: Designed to convey a consistent brand identity for Oakmont. Brick or masonry facades are added as appropriate for each sub market.
• Upgraded sprinkler systems: Early suppression fast response ("ESFR") systems are designed to meet FM data sheet 2-2 requirements. ESFR systems actually suppress a fire without the need for in-rack sprinklers and thus provides tenants with greater flexibility in storage/racking at lower insurance rates than conventional sprinkler systems and at a lower tenant improvement cost.
• Expanded car-parking ratios: Increasingly, tenants are electing to combine data/call back center and back-office requirements in their distribution centers, resulting in expanded parking requirements.
• Build brand identity and loyalty by using similar architectural features: Oakmont's development projects are each constructed with similar but unique architectural features that enable the Company to establish brand appeal and recognition within the marketplace. Constructing high quality facilities with a standard look enables tenants, brokers, consultants and investors to distinguish Oakmont's product on a local, regional and national basis.

Management Team

Atlanta, GA A. Richard Rider, Jr. President and Founder Stephen L. Nelsen Exec. VP and Principal Thomas A. Cobb Sr. VP, Development Greg D. Posel VP, Controller Stacie L. Vrooman VP, Property Management Scott Quesinberry Investment Analyst C. Todd Parker Senior Development Associate Irvine, CA Timothy J. Howard Exec. VP and Regional Partner Southern California Michael R. Johnson VP, Development Ryan J. Hill Project Manager Brian T. Torp Analyst Princeton, NJ Michael Nachamkin Exec. VP and Regional Partner Northeast

A. Richard Rider, Jr. President and Founder Mr. Rider has 22 years of experience in the real estate sector. Prior to forming Oakmont in January 1996, Mr. Rider was responsible for acquisitions and dispositions on a national basis for Security Capital Industrial Trust (now ProLogis Trust), the largest warehouse real estate investment trust in the United States. Prior to joining Security Capital, Mr. Rider was with JMB Institutional Realty Corporation in Chicago, where his responsibilities included the acquisition and marketing of JMB's industrial assets in the Eastern United States. Prior thereto, Mr. Rider was based in Los Angeles with two industrial development firms, Hewson Company and Paragon Group. During his career, Mr. Rider has developed key relationships within the industry on a national basis and had direct responsibility for the acquisition/development of 30 million square feet of industrial product in nine states across the country. Mr. Rider received his B.B.A. in Finance from Texas A&M University. E-mail address: rrider@oakmontre.com Stephen L. Nelsen Exec. VP and Principal Mr. Nelsen has over 26 years of experience in the real estate and finance sectors. Prior to joining Oakmont, Mr. Nelsen served as Vice President and Member of the Executive Committee for Noro Realty Advisors, Inc., a privately held Dutch real estate investment company. During his 12 year tenure with Noro, Mr. Nelsen was responsible for all aspects of real estate transactions, including acquisitions, dispositions, finance and asset management. Prior to Noro, Mr. Nelsen spent seven years with Price Waterhouse as a Senior Tax Manager responsible for comprehensive tax planning for corporate and real estate clients. Mr. Nelsen is a licensed CPA and has a B.A. degree in Economics from Wheaton College, a Master of Accounting degree from Florida State University and a Master of Taxation from the University of Denver. Email address: snelsen@oakmontre.com Timothy J. Howard Exec. VP and Regional Partner Southern California As manager of the firm's Irvine, California office, Mr. Howard has 23 years of experience focused within the industrial real estate sector. Prior to joining Oakmont, Mr. Howard was a partner with Houston-based Pinchal & Company, where his responsibilities included the successful acquisition and disposition of a 3.8 million square foot east coast industrial portfolio. Prior thereto, Mr. Howard spent five years as Vice President of Development with Trammell Crow Company, focused on industrial development within the LA basin. Included on his resumé at Crow was the development of a highly complex, yet successful, multi-phase park in Sante Fe Springs, CA. In addition, Mr. Howard also has valuable experience within the Southern California brokerage industry. During a 13-year tenure with Grubb & Ellis and Cushman & Wakefield, he developed key relationships within this highly competitive sector. He earned a B.A. degree (double major) in International Relations and Business from the University of Southern California and is a licensed Real Estate Broker in California, Texas and Georgia. Email address: thoward@oakmontre.com Thomas A. Cobb Sr. VP, Development With over 25 years of experience in the real estate development and construction industries, Mr. Cobb has primary responsibility for the firm's land due diligence, developmental and entitlement functions. Prior to joining Oakmont, Mr. Cobb spent four years as Vice President/Senior Development Manager for Homestead Village, a subsidiary of Security Capital Group, where he provided due diligence, development and construction management services for extended stay hotels throughout the Eastern seaboard. Prior to his tenure with Homestead Village, Mr. Cobb was Development Manager for Taylor & Mathis and a partner with The McDonald Development Company. During his tenure with these two Atlanta-based firms, Mr. Cobb was directly responsible for master planning and developing over 1,100 acres of industrial land and 1.8 million square feet of office and industrial space. Mr. Cobb also has eight years in the construction industry with two major general contracting firms. He received a B.S. in Building Construction from the Georgia Institute of Technology. Email address: tcobb@oakmontre.com Michael R. Johnson VP, Development Based in Irvine, California, Mr. Johnson has over 18 years of experience in the real estate development and construction industry in California. Mr. Johnson manages development and construction projects for Oakmont as well as the firm's entitlement efforts in Southern California. Prior to joining Oakmont, Mr. Johnson was Development Manager for Inland Empire/West with Panattoni Development Company, where his accomplishments included the successful development of 48 industrial buildings totaling 5.7 million square feet in the cities of Ontario, Rancho Cucamonga, Chino, Fontana, Riverside, Mira Loma, Rialto, Simi Valley and Valencia. At the time of his departure from Panattoni, Mr. Johnson had 24 buildings under construction and an additional 44 buildings in the planning stages throughout the LA Basin. Previously, Mr. Johnson was Construction Manager with Insignia, responsible for the oversight/coordination of tenant improvement projects on the firm's SoCal developments. Mr. Johnson's resumé also includes ten years of direct experience in the California construction industry. He earned a B.S. in Construction Engineering Management from California State University Long Beach. Email address: mjohnson@oakmontre.com Greg D. Posel VP, Controller Mr. Posel brings ten years of experience in accounting, finance and real estate to the Oakmont team. Mr. Posel is responsible for managing the firm's accounting and treasury functions. Prior to joining Oakmont, Mr. Posel was Senior Manager of Financial Reporting for MicroStrategy, a publicly-traded software company in Washington, D.C., where he was responsible for SEC reporting, forecasting and planning, cash management and financial modeling. Prior to MicroStrategy, Mr. Posel spent five years with Arthur Andersen and PricewaterhouseCoopers, most recently as Business Advisory Services Manager, working with clients in the real estate, software and financial services industries. Mr. Posel has experience with both public and private real estate companies working on numerous transactions, including initial public offerings for REITs, business combinations and due diligence for client acquisitions. Mr. Posel is a licensed CPA and earned a B.B.A. in Accounting from the University of Texas at Austin. Email address: gposel@oakmontre.com Stacie L. Vrooman VP, Property Management Ms. Vrooman's responsibilities with Oakmont include overseeing all aspects of property management and assisting in the firm's leasing assignments, tenant renewals and asset management functions. Ms. Vrooman also manages the firm's due diligence efforts for building acquisitions in the Southeast. Ms. Vrooman has 7 years of industrial real estate experience. Prior to joining Oakmont, Ms. Vrooman was a Property Manager with the Atlanta office of ProLogis, the largest owner and operator of industrial properties in the United States. Ms. Vrooman's ProLogis responsibilities included management of an 11 million square foot industrial portfolio consisting of more than 275 tenants. Ms. Vrooman is a licensed Real Estate Broker in Georgia and received her B.A. in Psychology from the University of Toledo. Email address: svrooman@oakmontre.com Carey A. Kilton Senior Accountant Ms. Kilton brings over 6 years of accounting experience to the Oakmont team. She is responsible for handling the company's day-to-day accounting functions, performing financial reviews of the company's real estate portfolio, and preparing financial reports for the company's joint venture partners and lenders. Prior to joining Oakmont, Ms. Kilton was a Senior Accountant for Ingenico Inc., a leading provider of financial transaction solutions. Ms. Kilton also spent several years in the emerging enterprise practice of public accounting firm Habif, Arogeti & Wynne, LLP, where she worked with clients in the software, entertainment, and e-commerce industries. Ms. Kilton earned a B.B.A. in Finance from the University of Iowa and is a licensed CPA. Email address: ckilton@oakmontre.com Scott Quesinberry Investment Analyst Mr. Quesinberry is responsible for providing analytical support for all of Oakmont&rsquot;s investment and asset management activities, including the development of interactive financial models and validation of key investment assumptions. He also assists in development activities such as site layouts, building design, securing entitlements, and construction management. Prior to joining Oakmont, Mr. Quesinberry was a management consultant with IBM where he managed engagement teams on business optimization projects with Fortune 500 clients. Mr. Quesinberry received a B.S. degree in Electrical Engineering from Tulane University and an MBA from the Goizueta Business School at Emory University Email address: squesinberry@oakmontre.com Ryan J. Hill Project Manager Mr. Hill is based in Oakmont's Irvine, California office and provides construction management and due diligence support in Southern California. Prior to joining Oakmont, Mr. Hill was a Cost Segregation Specialist with Moss Adams LLP, where he provided estimating and valuation services relating to tax depreciation for office and industrial structures. Prior thereto, Mr. Hill was a Junior Estimator with Oltmans Construction Company, where he performed bid analysis and concrete estimating. During his tenure with Oltmans, Mr. Hill gained valuable experience working with numerous subcontractors throughout the LA Basin. Mr. Hill received a B.S. in Industrial Technology from California Polytechnic State University, San Luis Obispo Email address: rhill@oakmontre.com C. Todd Parker Senior Development Associate With over 10 years of experience in the real estate, finance and commercial insurance fields, Mr. Parker's responsibilities include identifying new market opportunities, assisting in land acquisition and development, managing third party listing broker relationships, and negotiating leases for Oakmont's Southeast portfolio. Prior to joining Oakmont, Mr. Parker spent over six years at Duke Realty Corporation where he leased a 1.7 million square-foot office portfolio in Atlanta, a 1.5 million square-foot industrial portfolio in Nashville and led the Southern Region Financial Analysis Group that provided support for a 48 million square-foot office and industrial portfolio. Prior to Duke, Mr. Parker was an investment analyst at The Robinson-Humphrey Company and a commercial insurance broker at San Diego-based Westland Insurance Brokers. Mr. Parker holds a Master of Business Administration degree in Finance from Emory University and a Bachelor of Science degree in Finance from Tulane University. Email address: tparker@oakmontre.com Brian T. Torp Analyst Brian Torp is responsible for the financial underwriting for all of Oakmont's Southern California investment activities. Mr. Torp's duties include developing and maintaining analytical models for both development and acquisition opportunities. Mr. Torp is also responsible for the preparation of all the Southern California offices' investment memoranda and capital partner reporting requirements. Prior to joining Oakmont, Mr. Torp was a Mechanical Engineer with Meggitt Defense Systems, Inc. where he generated failure rate predictions and modeled failure modes for various types of mechanical systems. Mr. Torp received a B.S. degree in Mechanical Engineering from Western New England College. Email address: btorp@oakmontre.com Michael Nachamkin Exec. VP and Regional Partner Northeast Mr. Nachamkin is responsible for Oakmont's expansion in the Northeastern U.S. and Canada. Target markets within the region include Northern Virginia, Baltimore/Washington Corridor, Central and Eastern Pennsylvania, Northern and Central New Jersey and the Greater Toronto area. Prior to joining Oakmont, Mr. Nachamkin served as the Regional Director for the Northeastern U.S. and Canada with Prologis, where his responsibilities included oversight of all development and acquisition activity within the region. Prior thereto, Mr. Nachamkin cofounded Whitehall Industrial Properties, LLC, an affiliate of Goldman, Sachs & Co., and served as its President for six years, successfully investing in value-added industrial properties in the Northeast. Prior to his affiliation with Prologis and Whitehall/Goldman, Mr. Nachamkin was a top industrial broker for 12 years in Cushman & Wakefield's New Jersey office. Mr. Nachamkin earned a B.A. degree from Ohio University. He currently serves as a Board Member of Nations Port, participates in the Zell Lurie Real Estate Institute Mentor Program (Wharton) and is active in NAIOP, IOREBA and SIOR. Email address: mnachamkin@oakmontre.com

Capital Structure

In 2002 Oakmont formed a long-term investment partnership (entity level investment) with Dallas-based Hunt Realty Investments.

In 2005 Oakmont Industrial Group, Prudential Real Estate Investors and Hunt Realty Investments announced the formation of Oakmont National Ventures. Oakmont National Ventures is a strategic partnership that will allow all three entities — Oakmont, Hunt and Prudential — to strengthen their respective positions in an increasingly competitive market. The partnership is currently focused on core industrial markets throughout the US.

Hunt Realty Investments serves as the centralized real estate investment management resource for the Hunt organization and has been active in acquisition, ownership and investment in the real estate industry for more than 25 years. Hunt Realty Investments is a member of the group of companies, including Hunt Oil (which currently has an investment-grade credit rating from Standard and Poor's and from Moody's Investor Service), owned by Ray L. Hunt and his family.

Prudential Real Estate Investors (PREI) is the real estate investment management business of Prudential Financial. PREI is comprised of fund management centers in Parsippany, New Jersey; Atlanta, Georgia; Munich, Germany; London, England; and Singapore; supported by a network of local offices throughout the world. PREI’s specialized operating units offer a broad range of investment opportunities and investment management services in the United States, Europe, Asia and Latin America. As of December 31, 2007, PREI managed $42.5 billion of gross assets ($30.1 billion net) on behalf of more than 400 clients and is ranked among the largest real estate investment managers.

Hunt and Prudential's reputation, financial capacity and experience within the real estate sector provides the Oakmont platform with significant advantages.