Berenson Associates, Inc. and our predecessor companies have been in the real estate business for more than 100 years and have developed over 20 million square feet. The Company has always maintained an entrepreneurial and adaptive culture. In its early years, Berenson Associates developed and owned several downtown Boston landmark properties, including Harbor Towers and the Custom House Block, as well as residential and retail properties located in other major urban areas on the east coast. After World War II, the Company was a pioneer in the development of regional shopping centers throughout the United States. From the 1960s to today, we have also been one of the preeminent leaders in the planning, development and management of Puerto Rico’s strongest performing shopping centers. Some of the larger properties originally developed by Berenson Associates or its predecessor companies include: • West Shore Plaza, a 900,000 square foot enclosed mall in Tampa, Florida • Yorktown Shopping Center, a 1.4 million square foot enclosed mall in Lombard, Illinois • Montehiedra Town Center, a 530,000 square foot regional mall in Rio Piedras, PR • Las Catalinas Mall and adjacent big box center, comprising 850,000 square feet in Caguas, PR. Berenson Associates continues to respond to the ever-changing trends in retail development. Two current projects, Freeport Village Station in Freeport, Maine and Northline Commons in Houston, Texas, are state-of-the-art lifestyle centers with open-air, pedestrian oriented designs that provide distinct shopping environments. Other new Berenson projects include Fellsway Plaza in Medford, MA and Las Catalinas North Shopping Center in Caguas, PR. In addition to retail development in both the U.S. and Puerto Rico, Berenson Associates is also actively pursuing the acquisition of retail properties and property management of retail assets. We are seeking mutually beneficial partnerships and are open to joint venture deals and other strategic alliances.