Properties

The Company invests in a diverse portfolio of real estate assets. The primary types of properties the Company invests in include office, retail, self-storage and residential properties located in the western United States. As of September 30, 2012, the Company owned or had an equity interest in ten office buildings and one industrial building (“Office Properties”) which total approximately 705,000 rentable square feet, four retail shopping centers (“Retail Properties”) which total approximately 186,000 rentable square feet, six self-storage facilities (“Self-Storage Properties”) which total approximately 581,000 rentable square feet, one 39 unit apartment building and 95 model homes investments owned by six limited partnerships (“Residential Properties”).

Havana/Parker Complex	Garden Gateway Plaza	Sparky's Palm Self-Storage
Rangewood Medical Office Buidling	Morena Office Center	Executive Office Park
Waterman Plaza	Sparky's Joshua Self-Storage	Pacific Oaks Plaza
Sparky's Hesperia East Self-Storage	Sparky's Thousand Palms Self-Storage	Fontana Medical Plaza
Regatta Square	The Presidio	Casa Grande Apartments
World Plaza	Genesis Plaza	Dakota Bank Buildings
Port of San Diego Complex	Sparky's Rialto Self-Storage	Sparky's Sunrise Self-Storage
Yucca Valley Retail Center