Co-investment venture of bulk warehouse properties contributed by private company plus a development component.
| Total Capitalization: | $195.0 million1 |
| Number of Properties: | 12 |
| Investor: | Foreign Investor |
| Total Equity: | $40.1 million |
| Investor: | $35.7 million (89%) |
| Operator: | $4.4 million (11%) |
| Leverage: | 74% |
| Term: | 7 Years |
| Closing Date: | October 2002 |
1 Initial capitalization is of the stabilized portfolio only and excludes the
to-be-identified development component. Additional equity will be required
for the development component.
to-be-identified development component. Additional equity will be required
for the development component.