Columbia Capital Consulting Group provides real estate consulting and risk management advisory services nationally. They help clients assess issues impacting asset value and develop resolution strategies. Services include asset assessment, construction contract administration, transaction coordination, receivership, loan restructuring, and risk management advisory. Columbia Capital has over 115 years of experience in these services and is headquartered in Seattle with offices in major cities across the US.

1. SEATTLE
NEW YORK
CHICAGO
LOS ANGELES
DALLAS
PHILADELPHIA
MIAMI
REAL ESTATE CONSULTING AND RISK MANAGEMENT ADVISORY SERVICES
www.columbiaccg.com

2. COLUMBIA CAPITAL OVERVIEW
Columbia Capital Consulting Group provides real estate consulting solutions and risk management advisory services
nationally. Columbia Capital helps financial institutions, investors, special servicers, advisors, insurers, builders and
other clients, assess critical issues impacting the value and liquidity of assets, loans and portfolios, and works with
clients to develop and execute optimal resolution or investment strategies. With its deep banking capabilities and
experience, Columbia Capital offers complementary risk assessment and management advisory services. Columbia is also
an FDIC-registered contractor.
Since 2009, Columbia Capital and affiliates completed over 115 Asset Assessment and Strategy & Recommendation
Reports and administered construction contracts for $175 million of assets.
Columbia Capital provides independent, cost-effective and client-focused real estate consulting services including:
• Asset Assessment and Strategy & Recommendations - Assessment and documentation of asset status and
development of strategic resolution and recovery options.
– All asset classes including land, residential and commercial development; multifamily, affordable housing, office,
retail, industrial, hospitality and condominium properties.
– Due diligence, market research, financial modeling and analysis, and valuations, among other customized
services.
• Contract Administration for Construction Completion
• Transaction Coordination - Disposition, recapitalization, and transaction coordination.
• Receivership Services
• Servicing, Special Servicing and Asset Management
• Loan Restructuring Services
• Risk Management Advisory - Assessment and management of portfolio level risk.
– Banking, risk management, capital adequacy analysis, strategic planning, and Board advisory services
2

3. ASSESSMENT REPORTS
Columbia Capital Consulting Group’s Asset Assessment and Strategy & Recommendation Reports uncover issues which may affect the
value of an asset and the best course of action to pursue for maximum recovery. With our combined knowledge of banking, real estate
finance, investment and brokerage, development and construction, and marketing we are able to identify and evaluate assets and
recovery options. Our reports help our Clients minimize the time spent on Buyer due diligence, allow them to make informed
decisions, maximize recovery on sales of distressed assets and provide a credible, third party assessment that assists Clients in working
with regulators, b d and i
ith l t boards d investors. C l bi ’ reports support post-contract, pre-closing price negotiations and d bt and equity
t Columbia’s t t t t t l i i ti ti d debt d it
capitalization.
ASSET ASSESSMENT Asset Assessment Report Strategy and Recommendation Report
Asset Status Review Assess and Critically Evaluate Loan and Asset
• Under development/construction Resolution and Recovery Alternatives
 Public Records – Entitlements Market Perception of Value:
– Assessments and mitigation fees • Real estate principal approach
 Asset Status – Development • Prepare analyses supporting recommendation(s)
– Construction improvements Provide Recommendation(s) to Hold, Workout or Position
 Loan Collateral Review • Income-producing assets for Sale
– Operational review • Recommendation(s) support decision making
 Market Research
– Lease review process for Client
 Title Review – Income versus mark-to-market
k k • Evaluate of alternative courses of action
l f l f
• Identify issues that any owner will need to
address
Loan Collateral Review
STRATEGY & • Provide complete and reliable due diligence file
RECOMMENDATION supporting the resolution or investment
Market Review
 Loan Resolution and • Determine current market i
D t i t k t inventory, assess
t
Recovery Alternatives supply and demand
• Identify specific competitive factors impacting or
 Asset Resolution and enhancing value
Recovery Alternatives Title Review
• Verify Lender collateral
 Market Perception of Value • Compare legal descriptions on the deed(s) of
trust with the legal description on the title
 Hold, Workout or Sell
3

4. CUSTOMIZED REPORTS
Columbia Capital Consulting Group is able to provide Customized Reports to meet the individual needs of our Clients. Columbia Capital
recognizes that the information necessary for one asset may differ from another asset and that the timing and budget for due diligence
and market information can be a critical factor in determining next steps. Columbia works with Clients to determine the critical factors
to include in a report scope of work. Custom reports may vary from basic asset information to in-depth asset, market and financial
analysis.
EXAMPLES: • Title Review
CUSTOM REPORTS
– Verify Lender collateral
Custom Limited Scope Report – Compare legal descriptions on the
Any combination of • Asset Status Review deed(s) of trust with the legal
information: – Under development/construction description on the title Assess and
p
Critically Evaluate Loan and Asset
 Public Records Review • Entitlements Resolution and Recovery Alternatives
• Assessments and mitigation fees • Market Perception of Value
 Asset Status Review
• Development – Real estate principal approach
 Loan Collateral Review • Construction improvements – Prepare analyses supporting
 Ma et ev ew
Market Review  Title Review to verify Lender collateral
y recommendation(s)
 Title Review – Determine current market inventory,
Custom Asset Strategy Report assess supply and demand
 Loan Resolution and • Asset Status Review – Identify specific competitive factors
Recovery Alternatives impacting or enhancing value
– Under development/construction
 Asset Resolution and – Income-producing assets • Provide Recommendation(s) to Hold, Workout or
Recovery Alternatives – Identify issues that any owner will Position for Sale
 Market Perception of Value need to address – Recommendation(s) support decision
• Loan Collateral Review making process for Client
 Hold, Workout or Sell – Evaluate of alternative courses of
– Provide complete and reliable due
diligence file supporting the action
resolution or investment
4

5. RISK MANAGEMENT ADVISORY
Columbia Capital provides a full range of risk management advisory services to regional and community banks, with a focus on credit,
compliance, and enterprise risk management. We assist boards and management in evaluating their loan portfolios, assessing reserve
adequacy, meeting regulatory requirements, strengthening credit processes, enhancing consumer and BSA/AML compliance risk controls and
in designing effective audit programs. In addition, we have extensive experience in the creation of enterprise‐wide risk management
capabilities. Columbia Capital’s professionals assist management and the Board in special situations. Our Credit Advisory expertise includes
extensive experience in valuations of loan portfolios being sold or purchased and is well suited to providing third party due diligence on
potential new business initiatives, new product roll outs and full scale bank acquisitions. Columbia Capital also has extensive expertise in
dealing with regulatory issues including compliance with informal enforcement actions such as Memorandums of Understanding as well as
formal enforcement actions‐‐Formal Agreements, Cease and Desist Orders, and Prompt Corrective Action notices. Our expertise includes
Board oversight processes, loans and credit, OREO management, strategic and business plans, investments and liquidity, capital
management, consumer and BSA/AML compliance, and interest rate risk.
Credit Advisory Services Standard Regulatory Compliance Services
• Review and diagnostic of underwriting standards • Establishment or enhancement of Enterprise Risk
• Customized processes and procedures for lending Management function
RISK MANAGEMENT platforms • Review and diagnostic of consumer and BSA/AML
• Industry benchmarking, Database management compliance programs
ADVISORY • Stress testing of compliance function
• Credit scoring models, Credit training
• Loan file review, Appraisal processes
review • Establishment of comprehensive, risk based audit
p ,
 Credit Advisory • Allowance for loan loss adequacy and methodologies programs
• Enhancement of Board reporting for compliance and audit
Services • Review and diagnostic of OREO management
• Compliance due diligence for potential bank acquisitions
 Regulatory Special Situation Credit Advisory Services Special Situation Regulatory Compliance Services
Compliance Services • Loan sale advisory, Loan purchase advisory • Evaluation and diagnostic of informal and formal
• Portfolio valuations enforcement actions
• Assessment of potential risk and return of new loan • Establishment of action plans for Boards and management
products and markets • Evaluation of liquidity and capital alternatives
• Bank acquisitions • Establishment or enhancement of strategic plans or
• Capital raising advisory business plans
• Processes and procedures to test ongoing compliance
with regulatory actions
• Establishment of streamlined Board reporting
• Evaluation of organizational design and personnel
5

6. SERVICES
Columbia Capital Consulting Group’s cost-effective, results-oriented client services include:
Asset Stabilization
CONTRACT • Preserve entitlements by extending active permits and applications
ADMINISTRATION • Coordinate the conversion or release of bonds
• Ensure compliance with local state and federal regulations
local,
 Asset Management • Coordinate asset management, such as winterization, erosion control and site security
Construction and Project Completion
 Stabilization of Value • Complete partially constructed projects and buildings
• Coordinate architects, designers and engineers to complete design and permitting
 Permitting and • Provide representation with agencies and jurisdictions to obtain approvals and permits
Entitlements • MManage general contractors and consultants needed t complete construction
l t t d lt t d d to l t t ti
 Construction and • Coordinate final inspections and project close-out procedures
Project Completion Asset Repositioning
• Assist in development of value accretion construction initiatives
 Asset Repositioning • Manage general contractors and consultants needed to complete construction
Management of Real Estate Brokerage
TRANSACTION • Select real estate brokerage
COORDINATION • Negotiate brokerage contract terms
Assist in the Development of Asset Marketing Plans
 Management of Real
g • Create asset marketing strategies
g g
Estate Brokerage • Work in conjunction with real estate brokerage to develop marketing materials
• Monitor status of the asset marketing plans and sales campaign
 Asset Marketing Plans Transaction Oversight
 Transaction Oversight • Participate in the Buyer selection process
• Address Buyer inquiries through the feasibility period
• Provide assistance to Client’s attorney to facilitate the transaction closing
Client s
6

7. SERVICES
Columbia Capital offers comprehensive Restructuring Services to lender and borrower clients which leverage
Columbia's core capabilities in assessment and strategy consulting services. Columbia's Restructuring services include:
• Cash flow, liquidity entity asset and liability analyses
flow liquidity, entity,
• Value and claim recovery analyses under liquidation, deed in lieu, foreclosure, and
RESTRUCTURING restructure scenarios
• Evaluate economic position, rights and remedies of various stakeholders; identify
the business implications and leverage points of key agreements
 Analysis • Identify assets to keep and where to concentrate restructuring efforts
• Identify loan restructuring and/or extension i
Id tif l t t i d/ t i issues i l di pay d
including downs, escrows,
 Strategy cash controls, A:B note splits, provisions for new money
 Implementation • Develop strategies to preserve value, cut losses, save costs, improve operations
and solve tax issues
• Develop business case for restructuring, modifying or extending loans
• Prepare term sheets and negotiate restructuring as appropriate
p g g pp p
• Implement restructuring plan
LOAN SERVICING &
SPECIAL SERVICING
Loan Servicing & Special Servicing
 Performing loans
 Performing loans  Impaired loans
 Impaired loans  Fixed or variable rates for all loan types
 Dispute resolution
 Collection  Collection
7

8. SERVICES
Columbia Capital offers Receivership Services in order to further assist our clients with their recovery strategy.
Columbia’s Receivership services are led by Frank Sakelaris.
Custodial Receiverships
 Facilitate oversight of operations during pending foreclosure, trustee’s sale or forfeiture
RECEIVERSHIPS
 Manage income-producing real estate assets
 Manage asset stabilization activities
General Receiverships
 Custodial Receiver
 Grant authority to take property possession with ability to liquidate the loan/asset
 General Receiver  Assess underlying real estate collateral and provide business plan for loan/asset
resolution
 Manage incomplete or halted construction projects to prepare loan/asset for sale
 Manage broker selection process, asset marketing and disposition process
process marketing,
Benefits of a Receivership
 Achieve control of the asset
 Minimize liability issues which occur in transition to ownership and title possession
 Create mechanism for advancing funds secured by senior lien positions on property
 Allow for asset sale free and clear of li
All f l f d l f liens and encumbrances
d b
8

9. THE COLUMBIA DIFFERENCE
Columbia Capital provides comprehensive, single-source solutions for due diligence, valuation and
resolution needs.
• Holistic versus directed approach
– Assess all data points before making a recommendation to the client
– No limiting factors or ‘point in time’ boundaries
• Thorough, diligent research
– Ask the right questions and obtain all the relevant data
– With loans, review both collateral and asset values
– Diverse team of real estate and capital market professionals analyze individual aspects of each
loan/asset
• Complete due diligence package
– Result of work is a reliable due diligence report/file
– Serves as a feasibility study for owners, sellers and buyers reducing p
y y , y g potential for re-trading at
g
closing table
Clients receive practical and unbiased solutions without an agenda.
• Assessment of current market value
– As is value including outstanding cost considerations
As-is
– Real estate ‘principal’ approach
• Assessment of multiple exit strategies and recovery options
– Recommended option for existing market conditions and implications for selecting alternatives
9

10. NATIONAL COVERAGE
Columbia Capital offers our clients independent consulting and services on a national scale without the conflicts encountered in brokerage
firm engagements or the geographical limitations of local and regional consulting companies. Columbia Capital is headquartered in Seattle
with nationwide Client Services Group coverage centered in New York, Philadelphia, Miami, Chicago, Dallas, and Los Angeles. Columbia
Capital is led by a seasoned team of banking, investment banking, and property consulting professionals and is solely focused on providing
best-in-class client consulting, assessment, strategy, and execution services to institutional, corporate and professional services.
HEADQUARTERS NORTHEAST (New York)
2722 Colby Avenue, Suite 515
Ken Spears
Everett, WA 98201
Managing Director – Client Services
(425)367-6200
(973) 868-9481
info@columbiaccg.com
kspears@columbiaccg.com
Harry Mizrahi
NORTHWEST Chief Operating Officer
(212) 362-1993
(Seattle/Portland)
hmizrahi@columbiaccg.com
Ronald Cathcart
Chief Executive Officer
(425) 367-6217
rcathcart@columbiaccg.com
MID ATLANTIC
MID-ATLANTIC (Philadelphia)
Roberta Fuhr Bud Moscony
Director - Client Services Director - Client Services
(425) 367-6218 (425) 367-6200
rfuhr@columbiaccg.com bmoscony@columbiaccg.com
WEST
Melanie Clark
Director of Production
(Los Angeles)
(425) 367-6216 Scott Mayer
mclark@columbiaccg.com
mclark@columbiaccg com Director - Client Services SOUTHEAST (Miami)
(310) 567-8503
Luke Thornton Harry Mizrahi
smayer@columbiaccg.com
Project Manager Chief Operating Officer
(425) 367-6212 (212) 362-1993
lthornton@columbiaccg.com hmizrahi@columbiaccg.com
SOUTHWEST (Dallas) MIDWEST (Chicago) MIDWEST (Chicago)
Dan Carlson Tim Lanier Frank Sakelaris George Marquisos Walter Cook
Real Estate Analyst Director - Client Services Director – Client Services Director – Client Services Risk Management Advisory
(425) 367 6213
367-6213 (214) 533 3368
533-3368 (630) 416-3311
416 3311 (847) 417-2684
417 2684 (310) 600-5428
600 5428
dcarlson@columbiaccg.com tlanier@columbiaccg.com fsakelaris@columbiaccg.com gmarquisos@columbiaccg.com wcook@columbiaccg.com
www.columbiaccg.com 10

11. COLUMBIA TEAM
Ronald Cathcart – Chief Executive Officer
Ron’s has a wealth of experience in the financial services industry. He began his banking career at RBC where he held numerous positions
in consumer, commercial and investment banking lending and where he ultimately assumed the position of Chief Risk Officer, Personal and
Commercial Banking. Subsequently, he moved to JP Morgan Chase where he assumed the role of Chief Risk Officer, Retail and then to CIBC
where he held a similar role. In 2006 he was appointed by the Board to the role of Chief Enterprise Risk Officer for Washington
Mutual.
Mutual Here he had oversight responsibility for credit, market operational risk compliance regulatory relations, internal audit and
credit market, risk, compliance, relations
insurance. He left WaMu in early 2008 to form Columbia Capital, six months before its sale to JP Morgan. Ron’s invaluable risk management
experience and his thorough understanding of the regulatory framework, uniquely position him to provide Risk Advisory services to
Columbia’s clients. Under his leadership, the experienced and professional team which he has assembled are able to offer practical,
working solutions to the challenges currently facing both bank executive officers and board members. Ron holds an A.B. in English from
Dartmouth College and an M.B.A in Finance from The University of Western Ontario - Richard Ivey School of Business. He currently resides in
Seattle.
Harry Mizrahi – Chief Operating Officer
With a 25-year career in investment banking and corporate and structured finance, Harry is integral in the development and management
of Columbia Capital’s operations and national expansion. He has advised financial institutions, corporate clients and federal and state
government agencies on real estate loans, assets and portfolios through positions as Managing Director, Structured Real Estate, at Ambac
Assurance Corp., Principal at Eastbridge Ventures, Chief Operating Officer at American Spectrum Realty, Director at Salomon Brothers’ and
Salomon Smith Barney’s Real Estate Investment Banking Groups, and Partner at Eastdil Realty. His experience also encompasses
Barney s
international finance, including the acquisition bid for Canary Wharf Group plc, a £6 billion property company. Harry has a B.A in History
from Northwestern University, an M.B.A in Finance and Real Estate from Columbia University Graduate School of Business and was an M.P.A
candidate at Harvard University John F. Kennedy School of Government.
Melanie Clark – Director of Production
Melanie leads Columbia Capital’s Asset Assessment, Contract Administration and Transaction Coordination team. Her experience managing
real estate development projects through the design, entitlement construction and completion processes allows her to provide the insight
design entitlement, construction,
necessary to solve even the most complicated real estate issues. With years of progressive experience in land development entitlement,
permitting and construction project management prior to joining Columbia Capital, Melanie has effectively managed land use development
projects from feasibility analysis through construction, worked with professional engineers on specifying design parameters for projects,
including site grading and infrastructure systems, and was responsible for the timely delivery of millions of dollars of residential
development in the Northwestern region. Working with other members of Columbia Capital’s senior management, Melanie developed and
implemented the company’s Asset Assessment and Strategy & Recommendation reports, processes, and procedures. She has comprehensive
expertise in research, document review, preparation, editing and production. Melanie manages key staff involved in research, report
production, and project completion.
11

12. COLUMBIA TEAM
William Rich – Executive Vice President
William (Bill) brings a strong financial management and strategic planning background to Columbia Capital. Bill is a CPA by profession with
additional credentials in business valuation (ABV - Accredited in Business Valuation; and CVA - Certified Valuation Analyst) and management
accounting (CMA – Certified Managerial Accountant). Bill has an MBA with a concentration in Management and Finance. He has several
years of experience much of it involved in the turnaround and disposition of struggling divisions and subsidiaries of large publicly held
companies such as Allegheny International, Henry Schein, Inc., and as the CFO of SMC Corporation. During the past nine years, Bill has b l
h ll h l h d h f h ll h built
his own successful turnaround consultancy and developed long standing relationships with the special assets and workout groups of several
regional and national banks. Bill also has advised business owners on Exit Strategies and methods to enhance business value. Bill’s
experience and relationships are very well suited to the clients and services offered by Columbia Capital.
Ken Spears, Managing Director – Client Services
Ken brings over 25 years of experience in real estate investment banking, performing/distressed debt acquisitions and sales, workouts and
capital market activities to Columbia Capital. Ken has executed in excess of $7 billion in real estate transactions. Most recently, he held
the position of Senior Vice President at Savills LLC, the New York division of Savills plc, a full service real estate investment bank
headquartered in London. Ken was co-head of its Strategic Advisory Group where he was responsible for debt financing, equity raising,
recapitalizations, note sales, restructuring/workout/ bankruptcy advisory and valuations, advisory, sales and creditor’s committee advisory
services for borrowers and debtors. Prior to Savills, Ken spent 22 years in the commercial real estate finance group at Salomon Brothers,
Inc., which became Citi Markets & Banking via merger. Ken has a B.A. in Economics from Northwestern University and an M.B.A. in Finance
from the University of Chicago
Chicago.
Roberta Fuhr, Director – Client Services
Roberta has been a real estate banking professional for 27 years holding positions in appraisal, construction lending, permanent and bridge
loan financing, loan workout and team management. During her career, Roberta has worked within the world of small community banks,
mid-sized regional banks and large national banks—providing rich diversity in credit cultures and real estate lending perspectives. Her
longest and most enriching career experience was with Key Real Estate Capital as National Group Manager for Homebuilder Lending. Most
recently, R b t provided R l E t t Ri k M
tl Roberta id d Real Estate Risk Management consulting services t community b k R b t h a B h l of S i
t lti i to it banks. Roberta has Bachelor f Science d degree
in Business Finance from California State University, Los Angeles. She is a member of RMA (Risk Management Associates), a Past President
of CREW (Commercial Real Estate Women) Seattle & Sound, and 2010 Chair of CREW Network Foundation.
Walter Cook, Risk Management Advisory
Walter has held executive leadership positions in domestic and international financial institutions and has extensive experience in
commercial banking, asset management and securities brokerage. He is a proven Chief Executive Officer recognized for turnaround of
distressed and underperforming financial services companies. Walter has a M.B.A. in Finance and Marketing from Harvard University, a
M.A.L.D in International Monetary Economics from Tufts University and a B.A. in Political Science and Psychology from Duke University.
12

13. COLUMBIA TEAM
Tim Lanier, Director – Client Services
Tim Lanier is a commercial real estate executive with over 20 years experience in development, investment, leasing, marketing and
management positions including positions with national developers Forest City Enterprises and Steiner + Associates focusing on large
mixed-use properties ranging from $300M to $600M. Tim operated his own company developing retail properties, redeveloping
older malls and providing consulting services to investment groups. His expertise ranges from strategic planning, market research
groups planning research,
due diligence, acquisition, predevelopment, equity partnerships, private and public funding, proforma/budget forecasting/cash
flow analysis, leasing, marketing, development, consultant management, design, construction, asset management and sales. Tim
holds a BA/Thesis Degree in Architecture from Texas Tech University, and is a member of International Council of Shopping Centers.
George Marquisos, Director – Client Services
Acting as point person on both for-profit and non-for-profit projects, including, multi-family residential, retail, tenant build-out,
healthcare, student h i
h lth t d t housing, restaurants and childcare, G
t t d hild George h b
has become an expert i th d
t in the development process starting f
l t t ti from
feasibility, due diligence, acquisition, financing, entitlements, design development, construction management, sales and leasing,
and property management. George has an advanced degree in economics and a previous 15-year career in the financial markets.
George now brings his skills and personal dedication to the Columbia Capital team with the goal of providing Midwestern clients
with the most comprehensive asset analysis and construction services available.
Frank Sakelaris, Director – Client Services
Frank has over 25 years of experience in real estate and business. He is a multifaceted business executive with an extensive
background in consulting finance, real estate, business operations, acquisition and dispositions. Frank has worked with Lenders and
Owners on work-outs, restructurings, foreclosures, receiverships and litigation. He has served as a Court appointed Receiver for
over 30 receiverships. Frank received a M.B.A from Loyola University and a B.S. in Finance from Indiana University. He is a
Certified Public Accountant with a CCIM Designation and an Illinois Real Estate Broker.
Scott Mayer, Client Services – Director
y
Scott is an accomplished real estate executive and attorney with experience throughout the United States. Scott has been involved
in all aspects of commercial and residential real estate as a partner in a San Francisco law firm, and as a principal and the general
counsel of a national real estate firm. He has managed the acquisition, sale and development of multi-tenant and single tenant
projects totaling approximately 1.9 million square feet, been involved in contract negotiations, underwriting, due diligence,
entitlements and closings for over $250 million in acquisition and construction financing, and has managed the leasing of over 1.5
million square feet for retail, government and office projects. Scott received a Master of Law degree with honors in Tax from
Golden Gate University, his Juris Doctorate from Loyola Law School and his B A from the University of California Berkeley
University B.A. California, Berkeley.
13

14. COLUMBIA TEAM
Bud Moscony, Director – Client Services
Bud brings over 30 years of real estate expertise to Columbia Capital, including 15 years with Fortune 300 and Fortune 1000
companies. Bud has served in various leadership roles in sales, operations, and legal compliance, including President - Title Division
for Eagle National Bank; Vice President and Corporate Counsel for First American Title Insurance Company; and Vice President and
Corporate Counsel at Toll Brothers, Inc. Bud is a current board member of the Real Estate Services Providers Organization
(RESPRO), based in Washington DC., which represents affiliated businesses before federal and state policymakers. He is also an
active member of the Florida, New Jersey and Pennsylvania attorney bars.
Luke Thornton – Project Manager
Luke Thornton has over 25 years experience in construction and land development. Luke effectively utilizes his construction
knowledge and field experience to assess, stabilize and complete projects. Luke has thorough knowledge of construction project
scheduling, estimating, budgeting and project management and has successfully managed completion of over $548 million in land
development projects. He is an experienced Construction Manager capable of providing contractor and consultant oversight
throughout the life of a development project.
Dan Carlson – Real Estate Analyst
Dan Carlson received a Masters in Real Estate from Cornell University and is an experienced analyst with the ability to generate
complex analysis and spreadsheets of real estate for acquisition and disposition p p
p y p q p purposes. Dan’s experience includes working as a
p g
Financial Analyst for a national real estate development firm and a brokerage firm that dealt with all types of residential and
commercial projects where he was responsible for analyzing market valuations, project costs, debt and equity structures, and
assessing overall project feasibility. Dan also worked for First American Title in Ketchum, Idaho in many capacities, including Title
Officer, Head of Customer Service, and Database Manager and is extremely insightful in regard to title-related matters.
Janette Towler – Administration and HR Manager
Janette s
Janette’s extensive administrative and bookkeeping experience allows her to manage day to day operations for Columbia
Capital. Her attention to detail and ability to multi-task is an invaluable asset. Janette's strength is organizational planning with
emphasis in management reporting and information flow. Her knowledge of computer software compliments her extensive
experience in document management, cloud computing and desktop publishing. Janette is from San Diego, California. Her studies
focused on Business Administration.
14

15. COLUMBIA CAPITAL CONTACTS
Ronald Cathcart Harry Mizrahi Melanie Clark William Rich
Chief Executive Officer Chief Operating Officer Director of Production Executive Vice President
(425) 367-6217 (212) 362-1993 (425) 367-6216 (541) 419-3249
rcathcart@columbiaccg.com
h l bi hmizrahi@columbiaccg.com
h i hi l bi mclark@columbiaccg.com
l k l bi brich@columbiaccg.com
bi h l bi
Walter Cook Ken Spears Roberta Fuhr
Scott Mayer
Risk Management Advisory Managing Director Director – Client Services
Director – Client Services
(310) 600-5428 (973) 868-9481 (425) 367-6218
(310) 567-8503
g
wcook@columbiaccg.com kspears@columbiaccg.com
p g rfuhr@columbiaccg.com
g
smayer@columbiaccg.com
smayer@columbiaccg com
Tim Lanier George Marquisos Frank Sakelaris Dusty Allen
Director – Client Services Director – Client Services Director – Client Services Board Director
(214) 533-3368 (847) 417-2684 (630) 416-3311 (702) 604-5267
tlanier@columbiaccg.com gmarquisos@columbiaccg.com fsakelaris@columbiaccg.com dallen@columbiaccg.com
Luke Thornton Dan Carlson Janette Towler Bud Moscony
Project Manager Analyst Administration & HR Manager Director – Client Services
(425) 367-6212 (425) 367-6213 (425) 367-6211 (425) 367-6200
lthornton@columbiaccg.com dcarlson@columbiaccg.com jtowler@columbiaccg.com bmoscony@columbiaccg.com
www.columbiaccg.com
THIS PRESENTATION CONTAINS CONFIDENTIAL AND PROPRIETARY INFORMATION OF COLUMBIA CAPITAL CONSULTING GROUP, INC. (THE "COMPANY"). ANY RECIPIENT OF THIS
PRESENTATION AGREES TO KEEP ITS CONTENTS STRICTLY CONFIDENTIAL AND AGREES TO USE THE CONTENTS FOR THE SOLE PURPOSE OF EVALUATING A BUSINESS TRANSACTION
WITH THE COMPANY (THE "PURPOSE"). SUCH RECIPIENT AGREES NOT DISCLOSE THIS PRESENTATION EXCEPT TO OTHER MEMBERS OF ITS ORGANIZATION WHO (1) HAVE A NEED
TO KNOW THE CONTENTS HEREOF FOR THE PURPOSE AND (2) AGREE TO KEEP THIS PRESENTATION CONFIDENTIAL ON THESE TERMS
TERMS.
15