It was unknown at the time Matt Fagin called upon Dick Fine three years ago to solicit some of his commercial banking business, but that meeting would ultimately lead to the creation of C[f2], a company consisting of three parties whose skills uniquely integrate. The Fines were buying retail properties in smaller, rural communities and had a desire to expand, but needed Central Realty�s management and leasing capability in order to do so. Central Realty wanted to expand its ownership of retail properties and the Fines provided the equity engine to accomplish that goal. Mr. Fagin put the two parties together in 2005 and joined them shortly thereafter in late 2005. Ultimately, the Fines and Central Realty began working together to acquire �value-add� shopping centers with their first two purchases occurring in Illinois.

C[f2] has been created to present a unified identity to prospective sellers and brokers. Our goal is to acquire shopping centers throughout the United States where we can leverage our collective expertise and generate above average returns for our investors. The following principals make up C[f2]: Matt Fagin, Dick Fine, Jason Fine, Bob Horn and Scott Stinson. Central Realty, through Scott Stinson and Bob Horn, focuses on leasing management and accounting for the properties we acquire as well as outside third party property management. All principals are responsible for sourcing deals, but most of that is done through the Fines and Matt Fagin who are also responsible for deal underwriting and capital sourcing.

Bob Horn and Scott Stinson started their careers with the Leo Eisenberg Company. At one point, the Leo Eisenberg Company was the largest developer of Wal-Mart and Kroger retail properties in the United States. After the dissolution, Mr. Horn and Mr. Stinson commenced the retail management services at Colliers Turley Martin Tucker in St. Louis, Missouri. After leaving Colliers in 1996, they formed Central Realty, LLC with the same focus they have had all along � management and leasing retail properties in smaller communities throughout the Midwest. They have leased and managed more than 3 million square feet of retail space.

Dick Fine started in the Real Estate Industry in the early 1980�s after many years as a commercial banker and as the CFO for a NYSE company. His focus and abilities are in deal structure, equity raising and debt structure. Jason Fine partnered with Dick in 2000.

Matt Fagin spent fourteen years in banking as a senior relationship and business development officer. He financed a variety of operating businesses and real estate projects. With another partner and while still in banking, he redeveloped three historic St. Louis buildings for commercial office space. In October 2005, Mr. Fagin decided to leave the banking business and embarked on a new career concentrating solely on commercial real estate.

C[f2] recently added the ability to purchase industrial properties with the addition of Scott Stubblefield of 3Points Equities, LLC. Mr. Stubblefield is the industrial expert and is responsible for sourcing, underwriting and overseeing responsibility of various aspects of leasing and management on all industrial deals. Scott Stubblefield worked in the Columbus, Ohio office of CB Richard Ellis for many years and moved back to St. Louis to manage the CB Richard Ellis office there. He then worked several years for an investment group acquiring �value-add� industrial properties around the country.