Founded in 1995, Master Development Corporation (“MDC”) is a developer and general contractor of industrial buildings throughout Southern California. MDC’s development product includes: * Large, dock high warehouse buildings (100,000 S.F. – 1,000,000 S.F.) * Mid-range, corporate image buildings (50,000 S.F. – 100,000 S.F.) * Freestanding industrial buildings (10,000 S.F. – 30,000 S.F.) * Small office buildings (3,000 S.F. – 10,000 S.F.) In addition to vertical developments, MDC has been actively acquiring value-added existing properties since 2004. MDC’s current business plan under its 180 million joint venture with GE Asset Management seeks a 50/50 balance between developments and acquisitions.