11

Total195,268 sf.20.49 Acres

Existing Use

Site A130,258 sf.7.34 AcresOne and two storyCommercial / Industrial

Site B26,234 sf.9.58 AcresOne storyCommercial / Industrial

Site C38,776 sf.3.57 AcresOne storyCommercial Office

2

BA

Building Plan

Building ‘A’

Building ‘B’

Garage• Point 1• Point 2• Point 3• Point 4

Commercial• Point 1• Point 2

Residential• Point 1• Point 2

Company BCompany C

3

Master Plan Team

24% 29%

47%

Company A

Counties of Arizona

Comprised of 15 Counties

Maricopa and Pima Counties

Maricopa

Pima

Maricopa Pop: 3.9MilPima Pop 1M

Aerial

Retail

Retail

RetailOffice Hotel

Subject Neighborhood

Page

Mill

Rd

Califo

rnia

Ave

660 Hansen WayRent Comparable #1

New lease between K&L Gates LLP and EOP. T is expanding from neighboring space. Part of a larger four building complex. Space was on market for year however delay due to age of space. EOP demolished old improvements, created more open 'open' space and modernized the fixtures. 2-story product, campus enviromnt. Features a park-like setting & pond. Good comp but small. Adjust rent up for quality & down for size.

Date Aug 2011

SqFt 7,500

Rent / NNN $4.80

Free Rent None

TI N/A

Term 60

The Northwestern Mutual Life Insurance Company – Milwaukee, WI

Vista MontanaModular Home Construction

Cost SummaryTotal Per Unit

Land $ 99,999,999 $ 22,443

Direct Costs 111,111,111 432,665

Architectural & Engineering

4,543,986 6,321

Indirect Costs 56,876,321 54,098

Construction Interest 45,654,209 65,765

Development Fee 9,435,654 5,543

Total Costs $ 656,654,432 $ 543,213

Less: Lease-Up Income 43,543,876 65,334

Net Development Costs $ 321,456,678 $ 789,890

NM Equity $ 23,345,456

Partner Equity 56,567,688

NM Loan 45,789,908

Lease Up NOI 4,123,456

Total Sources $ 123,456,789

$65m Modular Costs

~34% of Total Cost

Introduction to Sustainable Buildings: an Informational Overview.

• NM’s Corporate Commitment & Philosophy.

• Market Drivers.

• Green Building:• Components• Costs• Measurement• Performance• Mandates• Industry Response

• Foster City Redevelopment.• Pursuing LEED Silver Certification.

Agenda

2007 Investment Report

Real Estate

…Northwestern Mutual has committed a portion of its portfolio to real estate projects that support community and environmental development….

…Through such investments, our objective has been to earn a “double bottom line” — returns commensurate with risk, yet responsive to social needs.

Environmentally Advanced Developments

Featured left is Northwestern Mutual’s second green building venture, which recently received a LEED Platinum rating from the U.S. Green Building Council. The Verdesian, located in New York’s Battery Park, is the first residential high rise in the United States to receive the Platinum designation, which is the highest rating awarded by the council for sustainable built environmental buildings.

9595 9696 9797 9898 9999 0101 0202 0303 0404 0505 0606 0707 0808

16,345 +USGBC membership growth reflects the expansion of green buildings in the market

U.S. Building Impacts

12%Water Use

39%CO2 Emissions

65%Waste Output

71%Electricity

Consumption

Source: USGBC

Series10

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Series10

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Series10

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Currently 300 billion 52 billion will be demolished

150 billion will be remodeled 150 billion will be new

demolished

remodeled remodeled

new

Billi

on S

quar

e Fe

et (s

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Series10

100

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Billi

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et (s

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Series10.00%

1.00%

2.00%

3.00%

4.00%

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6.00%

7.00%

0.66%1.19%

2.23%

6.80%

This vs That

Pre

miu

m (

Per

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Premium

Certified Silver Gold Platinum

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CASTLease Negotiation………………………………..…..……..KellyField Office Analysis………………….…………………....JoryHome Office Analysis……………………………...……...JeffLegal—Purchase & Sale…………………..……………...BrendaLegal—Leases……..……………………………………..……CathyClosing………………………………………………………….…JanetTitle Review Assistance…………………….…………....Donna1031 Exchange Execution………………………………..ElizabethManagement Agreement……………….…………….…Rich & DianeArchitectural…………………………………………….…..…MarkEnvironmental………………………………………………...Brian3rd Party Due Diligence & Coordination……………MGTPhysical Property Due Diligence………..…………....PondMunchkins………………………………………………….……Tom & John

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