CARSON COMPANIES

Carson Companies is one of the leading providers of buildings ideally suited for the logistics, distribution and supply chain management business in southern California, Houston, Texas, New Jersey, and Philadelphia. The Company is organized as a private Real Estate Investment Trust and has been in business for over 100 years. Carson Companies is a developer and long-term owner of industrial property with property management, asset management, leasing, construction management and development capabilities. The portfolio of properties owned exceeds 14 million square feet and is located in major distribution hubs throughout southern California, Houston, Texas, and New Jersey and Philadelphia. The strategic real estate holdings include the 438-acre Dominguez Technology Center located in Carson, California, the 52-acre Homestead Business Park located on the Alameda Corridor in Rancho Dominguez, the 172-acre Chino South Business Park located in southern California's Inland Empire, the 32-acre Carson Commerce Center and the 92-acre Bayport North Industrial Park, both located in The Port Market of Houston, Texas. The bulk of the Company's portfolio is ideally suited for corporations focused on supply chain management. A high ratio of truck doors per square foot of building, large truck courts, architecturally pleasing buildings and state-of-the-art features are trademarks of Carson Companies' buildings. These buildings are designed for high-volume throughput.