Building Wealth

“Real estate cannot Be lost

oR stolen, noR can it Be caRRied aWay.

PuRchased With common sense, Paid foR in full

and managed With ReasonaBle caRe, it is aBout

the safest investment in the WoRld.”

Franklin D. roosevelt

June 2020

BuildingWealth WithReal estate

assets

2

About ACRoN

One AssetOne COmpAnyOne Investment

3

About ACRoN

Our COmmItment tO suCCess:Keep It sImple And strAIghtfOrwArd! ACRoN’s investment principles:

the investor’s percentage stake in the investment company equals the percentage of shares in the property. When all investment requirements are fulfilled, all information regarding the real estate investment is disclosed, thereby ensuring 100-percent transparency.

4

About ACRoN

suCCessfully BuIldIng weAlth fOr InvestOrs wIth reAl estAte Assets hAs Been Our mIssIOn sInCe 1981

+ ACRON initially assumes the full financial risk for every investment.

+ Subscribed capital contributions are called when the parties have committed fully to all issues of the investment project.

+ All investments are structured either for single investors or for multiple investors (club deals).

ACRON AG, ZURICH, SWITZERLANDZurich commercial register, CHE-105.266.385

100%100% 100%

ACRON GmbHDüsseldorf, Germany

Commercial register of Düsseldorf Local Court,

HRB 13432

ACRON US Holding Corp.tulsa, oK, usa

Nevada corporation, E0748842005-2

ACRON Lux Invest S.à r.l.Luxembourg, Luxembourg

Commercial register of Luxembourg,

B 164 659

5

About ACRoN

6

About ACRoN

we Invest Our Own mOney AlOngsIde yOurs

7

About ACRoN

we And Our InvestOrs shAre the sAme dnA

SAfETy fIRST

+ return of equity before return on equity.

+ Development projects for short and medium-term returns (exit 3-5 years).

+ Real estate core investments for long-term interest and stable income (exit 7-10 years).

+ Return on equity, minimum projected annual IRR: Core and value-added investments Switzerland and Western Europe: 7% USA and Canada: 10% Development and re-development projects Switzerland and Western Europe: 10% USA and Canada: 15%

8

INvESTmENT PROCESS

we tAKe A dIsCIplIned ApprOACh

12-14-MONTH TIME fRAME

1 3 542

IDENTIfyING THE INvESTmENTOur acquisition team carefully monitors various assets which have been either directly offered to us or identified through our network.

REGULATORy ISSUESWe ensure that all regulatory rules are properly considered and addressed.

STRUCTURING Of THE ACqUISITION & START Of mARkET SOUNDING At this point, market sounding begins in order to gauge the interest of potential investors.

DUE DILIGENCEOnce a decision to acquire a project has been made, a thorough review of the business is carried out. This can include financing negotiations, design or project changes.

REqUEST fOR fINANCING OffERSChoosing the right financing structure helps to ensure the success of our investment.

ACRON ASSUMES 100% Of RESPONSIBILITY AND RISK

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INvESTmENT PROCESS

2-3-MONTH TIME fRAMEExIT AfTER 4-5 YEARS

(DEPENDING ON PROjECT/ASSET)

7 9 1086

COmPLETING THE INvESTmENT ESSENTIALS This entails putting into place investment essentials, such as obtaining equity required to start or closing a funding round. Development risk is covered by a sustainable completion guarantee.

SALES AND EqUITy fUNDING, CAPITAL CALL TO INvESTORSOnce investors have been brought on board, the equity is allocated and a loan contract is secured.

fINANCING AND CLOSINGThis stage typically includes acquisition of the land, transfer of ownership and loan closings.

BUILDING WEALTHThe exit produces returns and wealth is built.

ASSET mANAGEmENTACRON implements measures to preserve the value of existing properties and to increase the returns from ownership.

10

About ACRoN

1) As of july 2019, in relation to total equity

2) As of july 2019, in relation to investment volume

ASSET CLASS BREAkDOWN2

INvESTORS By REGION Of ORIGIN1

ACRON GROUP INvESTmENTS1

hotels 43%

Offices 36%

Retail 13%

Residential incl. assisted living

7%

Core 52%

Development 29%

Europe68.1%

North America 10.3%

asia 21.5%

Value-add19%

Oceania 0.1%

Logistics 2%

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About ACRoN

ACRoN GRoup TRANSACTION vOLUmE

(IN CHf)*

*As of july 2019, in relation to investment volume/sales price

BRAZIL53,579,000

GERmANy139,807,000

AUSTRIA140,435,000

USA741,394,000

SWITZERLAND777,978,000

TOTAL1,853,193,000

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About ACRoN

ACRoN USA

13

About ACRoN

14

About ACRoN

BuIldIng weAlth wIthOut reAlestAte Is lIKe BuIldIng A hOusewIthOut A fOundAtIOn.

u.s. hOspItAlIty u.s. senIOr lIvIng

15

About ACRoN

u.s. multI-fAmIly

u.s. senIOr lIvIng

ACRON INvESTmENT kimpton Overland Hotel

LobbyAtlanta, Georgia

Land and project closing: December 2015Hotel successfully opened: November 2017

ACRON builds wealth with various asset classes. The focus is on: + U.S. Hospitality + U.S. Senior Living + U.S. Multi-family

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ACRoN USAHOSPITALITy

KImptOn OverlAnd hOtelatlanta, geoRgia, usa

ACRON 2 PORSCHE DRIvE ATLANTA AGISIN CH0308015392GROUND-UP DEVELOPMENT single asset, cluB deal

Investment term: 5 years

Opened in 2017, the kimpton Overland Hotel is part of the Porsche corporate campus and event center opened in 2015 in Atlanta, Georgia. The hotel benefits not only from Porsche’s clientele, but also from passengers at Hartsfield–Jackson Atlanta International Airport. ATL is the busiest airport in the world.

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ACRoN USAHOSPITALITy

The hotel at 2 Porsche Drive was conceptualized and designed as a boutique property. Kimpton is the original developer of the boutique style and operates more boutique hotels than any other operator.

Kimpton operates 70+ hotel restaurants and 90 stand-alone restaurants, like the stand-alone restaurant and bar at the hotel at 2 Porsche Drive.

Kimpton is an upscale/luxury brand with a twist. The services and amenities rival any four-star competitor, while its properties maintain the laid-back vibe preferred by today’s travelers.

K I M P T O N + H O T E L = F U T U R A B O O K

O V E R L A N D = J U L I U S S A N S O N E R E G U L A R ( M O D I F I E D )

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ACRoN USAHOSPITALITy

trAnsfOrmIng AttrACtIve lOCAtIOns IntO speCtACulAr Assets

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ACRoN USAHOSPITALITy

nAvy pIer hOtel ChICAgOchicago, illinois, usa

ACRON NAvy PIER HOTEL CHICAGO AGISIN CH0397846707GROUND-UP DEVELOPMENTsingle asset, cluB deal

Start of construction: 3rd quarter 2018Estimated development costs: USD 100,000,000+Investment term: 4 yearsAnnual Irr expected: 18%

An investment in an exceptional property at Chicago’s landmark. “The Sable at Navy Pier” hotel will be integrated into the facelift of the Pier and will be the one and only hotel at this unique and iconic location. The project also includes “OffSHORE”, the largest rooftop bar in the world, as designated by The Guinness Book of World Records in June 2019.

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ACRoN USAHOSPITALITy

sherAtOn fIshermAn’s whArf hOtelsan fRancisco, califoRnia, usa

ACRON fISHERmAN’S WHARf HOTEL Sf AG VALUE-ADD INVESTMENTsingle asset, single investoR

Renovation and re-positioning of the hotel in 2017/2018Acquisition price: USD 230,000,000+Investment term: 5 yearsAnnual Irr expected: 17%

This four-star hotel is located at the world-famous fisherman’s Wharf in San francisco. fisherman’s Wharf is the city’s top visitor destination, and the hotel benefits from increasing domestic and international recreational travel. Given the continued growth of the Bay Area’s technology sector, strong convention center demand and a limited new hotel supply, this investment meets ACRON’s investment criteria perfectly.

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ACRoN USAHOSPITALITy

22

About ACRoN

ACRoN USASENIOR LIvING

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ACRoN USASENIOR LIvING

the vIllAges Of wIndCrestfRedeRicKsBuRg, texas, usa

ACRON WINDCREST vILLAGE SENIOR LIvING AGISIN CH0374741665GROUND-UP DEVELOPMENTsingle asset, cluB deal

Start of operation: 1st quarter 2019Development costs: USD 20,000,000+Investment term: 5 yearsAnnual Irr expected: 16%

The villages of Windcrest is a state-of-the-art, private-pay, Class A senior housing development with 84 units in the most popular retirement destination in the United States. The property is well situated close to Hill Country memorial Hospital. A warm climate, above-average air quality, and a cost of living below the national average make fredericksburg a top retirement choice.

THE TREND IS IRREvERSIBLE, THE WORLD IS TURNING GREy: WITH 10,000 PEOPLE REACHING 65 EACH DAy IN THE US, SENIOR HOUSING ASSETS ARE CONSIDERED THE mOST RECESSION-PROOf INvESTmENT IN US REAL ESTATE.

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the CArOlynlas colinas, dallas, texas, usa

ACRON LAkE CAROLyN RESIDENTIAL GROUND-UP DEVELOPMENTsingle investoR

Start of construction: 3rd quarter 2017Estimated development costs: USD 60,000,000+Investment term: 4 yearsAnnual Irr expected: 12%

The Carolyn, a luxury multi-family waterfront property situated in the heart of the Las Colinas Urban Center, Dallas-fort Worth metroplex, Texas, has been placed with an institutional investor. facing Lake Carolyn, the 319 units of high-quality, Class A multi-family residences are coupled with a rich amenity package in a walkable urban setting.

ACRoN USAmULTI-fAmILy

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ACRoN USAmULTI-fAmILy

vIsIOn Is the Art Of seeIng whAt Is InvIsIBle tO Others.Jonathan Swift

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ACRoN USAmANAGEmENT

ACRON 10 UN S.f. AGOffice building in San francisco, CA

Year acquired: 2011Year sold: 2014

Investment term: 3 yearsAnnual Irr realized: 13%

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TRACk RECORDAmERICAS

INvESTmENT COmPANyASSET

yEARACqUIRED

yEARSOLD

INvESTmENT COmPANyASSET

yEARACqUIRED

yEARSOLD

1. ACRON INTERvEST BRIGHTON POINTE L.P. 20. ACRON 21 CENTRE PARk L.P.Apartment complex in Tulsa, OK 1988 1996 Office property in Tulsa, OK 1999 2005

2. ACRON INTERvEST SPRINGfIELD L.P. 21. ACRON USA fONDS SHILOH SqUARE L.P.Shopping center in Springfield, MO 1988 1999 Shopping center in Dallas, Tx 1999 2012

3. ACRON INTERvEST DAyTONA L.P. 22. ACRON 21 LEWIS PLAZA L.P.Supermarket in Daytona, fL 1988 1997 Office property in Tulsa, OK 2000 2016

4. ACRON INTERvEST WINN DIxIE L.P. 23. ACRON ONE SUmmERSIDE PLACE L.P.Supermarket in Myrtle Beach, SC 1989 1997 Office property in Dallas, Tx 2001 2011

5. ACRON INTERvEST SCRIvNER L.P. 24. ACRON 16 CENTRE PLAZA L.P.Supermarket in Oklahoma City, OK 1989 1997 Office property in Tulsa, OK 2001 2012

6. ACRON INTERvEST GIANT fOOD L.P. 25. ACRON kINGS PARk L.P.Supermarket in Philadelphia, PA 1989 1997 Office property in Dallas, Tx 2003 2016

7. ACRON INTERvEST LAWRENCE L.P. 26. ACRON PRESTON NORTH L.P.Supermarket in Lawrence, KS 1989 1996 Office property in Dallas, Tx 2004 2016

8. ACRON INTERvEST yUmA L.P. 27. ACRON vALLEy CENTRE L.P.Supermarket in Yuma, AZ 1989 1996 Office property in Dallas, Tx 2004 2015

9. ACRON INTERvEST WICHITA L.P. 28. ACRON PARkWAy COmmONS L.P.Supermarket in Wichita, KS 1991 1991 Office property in Dallas, Tx 2005 2016

10. ACRON mETROPLEx L.P. 1993/ 29. ACRON RESERvE AT WESTCHASE L.P.Supermarkets in Dallas, Tx 1994 1995 Office property in Houston, Tx 2006 2012

11. ACRON LINCOLN II L.P. 30. ACRON TRIAD I L.P.Supermarket in Lincoln, NE 1994 2007 Office property in Tulsa, OK 2006 2016

12. ACRON SALINA L.P. 31. ACRON STONEBRIAR COmmONS L.P.Supermarket in Salina, KS 1995 2003 Development portfolio mix in Dallas, Tx 2009 2015

13. ACRON BOSTON PLACE L.P. 32. ACRON 10 UN S.f. AGOffice property in Tulsa, OK 1996 2012 Office property in San francisco, CA 2011 2014

14. ACRON DAyTONA L.P. 33. ACRON GLORIA PALACE S.A.Supermarket in Daytona, fL 1997 2006 Hotel in Rio de janeiro, Brazil 2012 2014

15. ACRON LAWRENCE L.P. 34. ACRON 2 PORSCHE DRIvE ATLANTA AGSupermarket in Lawrence, KS 1997 2008 hotel in atlanta, ga 2015 active

16. ACRON USA fONDS WINN DIxIE L.P. 35. ACRON fISHERmAN’S WHARf HOTEL Sf AGSupermarket in Myrtle Beach, SC 1997 2006 Hotel in San francisco, CA 2016 active

17. ACRON USA fONDS GIANT / ELmCREST L.P. 1997/ 2001/ 36. ACRON WINDCREST vILLAGE SENIOR LIvING AG Supermarket in Philadelphia, PA; Office in Tulsa, OK 1998 2003 Senior living in fredericksburg, Tx 2017 active

18. ACRON HARvARD GARDEN L.P. 37. ACRON LAkE CAROLyN RESIDENTIAL AG Office property in Tulsa, OK 1998 2009 Multi-family residential in Dallas, Tx 2017 active

19. ACRON USA fONDS 2500 PENN L.P. 38. ACRON NAvy PIER HOTEL CHICAGO AG Supermarket in Oklahoma City, OK 1998 2013 Hotel in Chicago, IL 2018 active

trACK reCOrd AmerICAs

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ANyBODy CAN BUy A BUILDING.EvERyBODy IS A PROPERTy ExPERT.

BUT IT TAkES A CERTAIN kIND Of SOmEBODy TO BUILD WEALTH WITH REAL ESTATE ASSETS.

klaus W. BenDer

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ACRON INvESTmENT “The Sable at Navy Pier” hotel

“OffSHORE” rooftop barChicago, Illinois, USA

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ACRON EUROPE

ACRoN EUROPE

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ACRON EUROPE

32

ACRON EUROPE

33

ACRON EUROPE

yOU HAvE fREEDOm, SO yOU HAvE TO mAkE CHOICES – AND AT THE POINT WHEN I mAkE A CHOICE, THE BUILDING STARTS TO LOOk LIkE fRANk GEHRy BUILDING. IT’S A SIGNATURE.

Frank o. Gehry

ACRON RED GEHRy INvESTmENT S.C.S. coRe Plus investment

single asset, cluB dealOffice building with underground garage

in Dusseldorf, GermanyYear acquired: 2019

Investment term: 4 yearsAnnual Irr expected: 6.6%

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ACRON EUROPE

ACrOn germAny head office acquisition euRoPe

ACRON is always interested in outstanding real estate projects which meet our exacting requirements and offer added value to our international investors. Our acquisition team operates from Dusseldorf, one of the top hubs of economic activity in Germany and Europe.

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ACRON EUROPE

+ OffICE + HOTEL + LOGISTICS + SENIOR LIvING

Locations

Large cities & urban centersEstablished office locations

Economic hotspotsEconomic hotspotsClass A locations

Cities > 50 000 inhabitantsEstablished locations

ClassificationCore PlusValue-AddOpportunistic

2-5 star hotelsLease & management contracts

Logistic centersDistribution centers

Developments

purchase price volume approximately EUR/CHf 20 million - approximately EUR/CHf 300 million

ACquIsItIOn prOfIle germAny, AustrIA, swItzerlAnd

*Excerpt; full profile available at www.acron.ch

36

ACRoNUSA

ACRON WIEN WEST A3 S.A.Retail, office and hotel property in Vienna, Austria Year acquired: 2012Year sold: 2017Investment term: 5 yearsAnnual Irr realized: 14.5%

ACRoN EUROPE

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ACRoN EUROPEACRoN EUROPE

38

TRACk RECORD EUROPE

trACK reCOrd eurOpe

INvESTmENT COmPANyASSET

yEARACqUIRED*

yEARSOLD*

IRR /DISTRIBUTION AvERAGE

1. ACRON HELvETIA I Immobilien AktiengesellschaftOffice and logistics property in Buchs, ZH, Switzerland 2007Office property in Solothurn, SO, Switzerland 2006 active 5.0% p.a.

2. ACRON HELvETIA II Immobilien AGHotel in Gstaad, BE, Switzerland 2005 2015 IRR 9.6% p.a.

3. ACRON HELvETIA III Immobilien AGOffice property in Bern, BE, Switzerland 2005 2018 IRR 8.4% p.a.

4. ACRON HELvETIA Iv Immobilien AGHotel in Zurich, ZH, Switzerland 2005 2009 IRR 18.7% p.a.

5. ACRON HELvETIA v Immobilien AGLogistics and office propertyin Munchenstein, BL, Switzerland 2009 active 7.5% p.a.

6. ACRON HELvETIA vI Immobilien AGLogistics and office property in Zurich, ZH, Switzerland 2009 active 7.8% p.a.

7. ACRON HELvETIA vII Immobilien AGOffice property in Zurich, ZH, Switzerland 2009 2017 iRR 10.2% p.a.

8. ACRON Berlin Brandenburg International Airport AGHotel in Berlin, Germany 2010 2013 IRR 8.9% p.a.

9. ACRON HELvETIA Ix Immobilien AGShopping center in Näfels, GL, Switzerland 2009 2011 6.8% p.a.

10. ACRON Wien West A3 S.A.Retail, office and hotel property in Vienna, Austria 2012 2017 iRR 14.5% p.a.

11. ACRON Swiss Properties I S.C.A.Shopping center in Sierre, VS, Switzerland 2013 active 5.7% p.a.

12. ACRON Swiss Premium Assets AGOffice property in Zurich, ZH, Switzerland 2017Office property in Bern, BE, Switzerland 2018 active 6.3% p.a.

13. ACRON HELvETIA xII Immobilien AGHotel in Interlaken, BE, Switzerland 2017 active 6.0% p.a.

14. ACRON Red Gehry Investment S.C.S.Office property in Dusseldorf, Germany 2019 active 6.6% p.a.

*or year merged

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ACRoNEUROPE

ACRoNSWITZERLANDHOSPITALITy

rAdIssOn Blu hOtel And COnferenCe Center ZuRich aiRPoRt, sWitZeRland

ACRON HELvETIA Iv ImmOBILIEN AG GROUND-UP DEVELOPMENTsingle asset, single investoR

Start of construction: 2006Development cost: CHf 147,600,000Placement during construction: CHf 154,000,000Completion: 2008Investment term: 4 yearsAnnual Irr realized: 18.7%

The stylish Radisson Blu is the only hotel with direct access to the terminal at Zurich Airport. the hotel is also a top choice for international meetings and conferences.

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ACRoN SWITZERLANDHOSPITALITy

CIty hOtel OBerlAndinteRlaKen, sWitZeRland

ACRON HELvETIA xII ImmOBILIEN AGISIN CH0399045043VALUE-ADD INVESTMENTsingle asset, cluB deal

Renovation and re-positioning of the hotel in 2019/2020Total investment volume: CHf 47,000,000+Investment term: 5 yearsAnnual Irr expected: 16%

41

ACRoN SWITZERLANDHOSPITALITy

CIty hOtel OBerlAndinteRlaKen, sWitZeRland

ACRON HELvETIA xII ImmOBILIEN AGISIN CH0399045043VALUE-ADD INVESTMENTsingle asset, cluB deal

Renovation and re-positioning of the hotel in 2019/2020Total investment volume: CHf 47,000,000+Investment term: 5 yearsAnnual Irr expected: 16%

This well-established three-star hotel with high occupancy rates is located in a prime spot in Interlaken right in the pedestrian zone. Interlaken is very popular among international tourists given the closeness of the world-famous Eiger, moench and Jungfrau mountains. The planned renovations will upgrade the hotel and meeting facilities.

42

ACRoNmANAGEmENT

ACrOn grOup

A fAmIly BusIness BAsed On sOlId vAlues.

klaus W. BenderPresident

Norbert kettererVice President

Peer BenderDelegate

kai BenderMember

Jürg Greter Member

Jan HeddingMember

SWITZERLANDGroup finance & Sales,

Asset Management Switzerland

GERmANy Acquisition,

Asset Management Europe,Investment Administration

LUxEmBOURGLegal & Compliance,

Structuring

manuela DietrichManager Legal &

Corporate Officer

michael EllerAccounting &

it

Claudia SchönInvestment

Administration & Sales

Oliver DanckersAcquisitionmichael Teperski

Managing Director Marketing

Lukas JegherChief financial Officer

André N. LaglerManaging Director

Head of Sales

Andrea JessenAsset Management

BOARD

Peer BenderGroup CEO

USAAcquisition,

Asset Management USA

michael kanterDirector of

Development

Carole HoffmanHead of Controlling

and Accounting

michael TroglinDirector Asset Manage ment

Greg WilsonPresident/CEO

kai BenderManaging Director

Ertan IsenManaging Director

Jonathan LewinInvestment Analyst

assistant to the ceo

43

ACRoNmANAGEmENT

Ertan Isen, Managing Director of ACRON Lux Invest S.à r.l., Manager of ACRON Lux Management S.à r.l., Deputy Managing Director of ACRON GmbH (2011 to 2016), formerly legal counsel to ACRON GmbH and Möwe GmbH; 14 years in business

Natalie Wasescha, Head of Legal & Compliance of ACRON AG, formerly Legal Counsel of Avaloq Evolution AG, Bank for International Settlement, Execujet Europe AG and Bilfinger Berger Industrial Services AG; 11 years in business

kai Bender, Managing Director of ACRON GmbH since 2017, Member of the Board of Directors of ACRON AG and a Member of the Board of ACRON US Holding Corp., CEO and Delegate of the Board of Directors of ACRON AG from 2008 to 2016; at ACRON since 2003, 21 years in business

Peer Bender, CEO and Delegate of ACRON AG since 2017, CEO of ACRON GmbH from 2006 to 2016, Manager of ACRON Lux Management S.à r.l., Vice President of ACRON US Holding Corp., co-founder of ACCENSIS GmbH and formerly Product Manager at ACRON GmbH; at ACRON since 2004, 16 years in business

Claudia Schön, Deputy Managing Director, Certified financial Asset Specialist IHK and Head of fund Adminis tration of ACRON GmbH, formerly employed in internal and external communications at an international company; 24 years in business

Carole Hoffman, Head of Controlling and Accounting at ACRON U.S. Management, Inc., formerly Assistant Controller in the com mercial division of Property Company of America, a national commercial and multi-family development and management real estate firm; at ACRON since 1999, 36 years in business

klaus W. Bender, Chairman of the Board of Directors of ACRON AG, founder of the ACRON Group in 1981, President of the Board of Directors of ACRON US Holding Corp., formerly CEO and attorney at his own international law firm; at ACRON since 1981, 42 years in business

Lukas Jegher, Chief financial Officer of ACRON AG, formerly Senior Manager at Price waterhouseCoopers, fiduciary at KPMG, Certified fiduciary, Advanced federal Diploma of Higher Education; 24 years in business

Andrea Jessen, Senior Asset Manager of ACRON AG, formerly held positions in portfolio management, investment consulting, strategic real estate consulting and project develop ment in Switzerland and Germany for Implenia Schweiz AG and Bouygues Energies & Services; 31 years in business

André N. Lagler, Managing Director and Head of Sales of ACRON AG, formerly Director and Trader at ABN AMRO, Credit Suisse and UBS; extensive experience in the financial sector servicing international clients in the USA, UK, NL and in some APAC countries; 31 years in business

michael Teperski, Managing Director Marketing of ACRON AG, formerly Head of Marketing & Communication at DjE Kapital, Germany, and Deputy Head of Marketing Investment Banking at Bank Vontobel AG, Switzerland; 23 years in business

Greg W. Wilson, Vice President of ACRON US Holding Corp.; President, Secretary, Treasurer of ACRON U.S. Management, Inc.; formerly Controller and Vice President at U.S. real estate companies and Vice President at Intervest Properties; at ACRON since 1998, 34 years in business

michael Troglin, Director Asset Manage-ment of ACRON U.S. Management, Inc., formerly Chief Operating Officer at RevMax Hotels, Maryland, and Regional Director of Operations at Prism Hotels and Resorts, Texas; 31 years in business

michael kanter, Director of Development of ACRON U.S. Management, Inc., formerly Project Manager at Crossland Construction Company, Manhattan Construction Company and Nabholz Construction, Tulsa, Oklahoma; 25 years in business

Oliver C. Danckers, Real estate Acquisition Manager at ACRON GmbH, formerly Asset Manager at AEW, Investment Analyst at Archon and Trainee at mfi (Unibail-Rodamco-Westfield); 5 years in business

Jonathan Lewin, Investment Analyst and Assistant to the CEO of ACRON AG, formerly managed the D-A-CH sales subsidiary of a french multinational, experience in market and business development, graduated with distinction from HEC Lausanne and ESCP Europe; 5 years in business.

ZÜRich luxemBouRg dÜsseldoRf dallas sÃo Paulo

acRon agSplügenstrasse 148002 ZurichSwitzerlandphone +41 (0)44 204 34 00fax +41 (0)44 204 34 09info@acron.chwww.acron.ch

acRon lux invest s.à R.l. 121, avenue de la faïencerie 1511 Luxembourg Luxembourgphone +352 278 583 88fax +352 278 583 89info@acron.luwww.acron.lu

acRon gmBhGrafenberger Allee 29540237 DüsseldorfGermanyphone +49 (0)211 91 24 100fax +49 (0)211 91 24 200info@acron.dewww.acron.de

acRon us holding coRP.,ACRON (USA) L.P.2424 E. 21st Street, Ste. 150Tulsa, Oklahoma 74114, USAphone +1 918 587 9901fax +1 918 587 9903info@acronusa.comwww.acronusa.com

acRon do BRasil assessoRia de negócios e finanças ltda.Rua Verbo Divino 148804719-904 São PauloBrasilinfo@acronbrasil.com.brwww.acronbrasil.com.br

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