Office: Creekridge Circle Tallahassee, FL Suite 200

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2 Due Diligence Associates offers unique consulting services to aid in the protection of our clients assets, investment value, and lenders' collateral. DDA provides a broad range of due diligence services to fit our clients needs, from pre-closing investigation and reporting to plan/cost reviews and draw inspections during construction. Our company was started with the idea that real estate buyers should have the best expert due diligence services at their disposal. We have revolutionized the real estate consulting practice by combining both technical and market analysis for a comprehensive due diligence product. (For more on this, please see the Investors/Developers insert.) We also understand the need for due diligence services among asset managers, REIT's, and even property owners. Whether a Property Condition Assessment, probable opinion of cost, or plan/cost review, DDA has custom reports to fit every need. Our staff has extensive experience in construction loan monitoring for lending institutions, which DDA is now bringing to the northwest Florida market. Some clients have found our product so useful they have requested nationwide services. (See the Lenders Services insert in this brochure for more information.) Our goal is to offer the highest level of service and most comprehensive and well organized reports to document each inspection. Our broad range of inspection experience includes site developments of up to 1900 acres and building construction in all sectors: retail, commercial, office, office/warehouse, flex space, build-to-suit, industrial manufacturing, hotels, apartments, condominiums, single family residential developments, schools, post offices, historical renovations, remodeling and tenant build out. We have performed hundreds of land and building condition assessments, thousands of draw inspection site visits and supported clients on billions of dollars in property acquisition, development and construction. We take pride in offering a customized service to each and every client. We re large enough to facilitate your needs, yet small enough to react to individual requirements. Please let us know of your particular needs and how we may serve you on your next project. We think you will find our services unsurpassed in the industry and look forward to customizing a property investigation and report to meet your specific needs. Insurance Certificates and references are available upon request. Sidney T. Burns, P.E cell Sid@DDAnet.com Daniel R. Burns, Realtor cell Daniel@DDAnet.com Office: Creekridge Circle Tallahassee, FL Suite 200

3 CLIENTS DDA has provided Land/Building and Site Condition Assessments, Draw Inspections, and Plan/Cost reviews for the following clients: AETNA Life Insurance Co. American National Insurance Co. Ameriprise Certificate Co. Bank of America Countrywide Commercial Real Estate Finance D & G Property Solutions DBR & Associates, LLC Doster Broker Group Eastern Financial Florida Credit Union Iannotti Realty Solutions, Inc. Integrity Property Solutions JDL Business Service Lacrosse Partners LandScience, Inc. Northstar Investments, LLC Puget Sound Creative Solutions Saso Properties, LLC State Farm Sovereign Bank Sycamore Capital Corporation The Easton Group The Stewart Mitchell Company Union Central Life Insurance Co. Valley Trustee Services, LLC Visionary One, LLC Wachovia LENDERS DDA Staff has performed draw inspection and plan/cost review services for the following lenders: BankAtlantic BankUnited BB&T City National Bank of Florida Colonial Bank Comerica Bank Commercial Bank of Florida Equitable Bank EuroBank Fidelity Federal Bank and Trust First Southern Bank First United Bank Flagler Bank Gibralter Bank Horizon Bank IDB Bank LaSalle Bank Mellon Mercantile Bank Metro Bank National Bank of Canada Northern Trust Ocean Bank Pointe Bank RBC Centura Regions Bank SunTrust Bank Union Bank of Florida DEVELOPERS DDA Staff has provided services to the following developers and/or their Lenders: AEW Capital Management Brenner Real Estate Group Butters Construction and Development Catalfumo Codina Development Corporation Courtelis Company Gables Residential IVI International Jones Lang LaSalle LM Development Group N & S Butters Ross Realty Stiles Corporation The Easton Group WCI

4 SIDNEY T. BURNS, P. E. President, Due Diligence Associates, Inc. 31 years experience inspecting all types of commercial, industrial, retail, multifamily and residential properties and developable land. 11 years experience focused on property condition assessments for real estate investors, lenders and other professionals, pre-closing plan and cost reviews, construction loan monitoring and draw inspection services. Registered Professional Engineer, State of Florida. Previously held registrations in Georgia and Alabama, currently inactive. Certified Mold Inspector Broad range of experience in construction, design, development and consulting in a diverse range of properties including land development for residential construction, offices, office/warehouse projects, medical office buildings, shopping centers and retail tenant space improvements, high- and mid- rise buildings, condominiums, apartments, schools, churches, convenience stores/gas stations, mobile home parks, golf courses, manufacturing facilities, paper mills and electric generating plants. Expertise in visual inspections, nondestructive examination, component testing, maintenance, welding and repairs, including development of programs, plans and procedures, field implementation, project management, contractor oversight and reporting. Bachelor of Civil Engineering degree, Georgia Institute of Technology, 1976 Professional Associations: o Executive Member, National Academy of Building Inspection Engineers o Member, National Society of Professional Engineers o Member, Florida Society of Professional Engineers o Member, American Society of Civil Engineers

5 Major Construction and Development Experience Summary for Sidney T. Burns, P. E. Consultant for Colonial Bank for $500,000,000 loan for construction of 7 condominium buildings over a 6 year period at the Key Biscayne Ocean Club Resort, Key Biscayne, Florida (reference Bill Painter, Sr. Vice President, Colonial Bank ) Consultant for Capital Bank/Union Planters Bank (now Wachovia) on $120,000,000 loan for construction of Blue and Green Diamond Condominiums, Miami Beach, Florida, which were the world s tallest ocean front condominiums Consultant for Colonial Bank for the $65,000,000 Trump Intercontinental Hotel, Sunny Isles Beach, Florida; also consulted with the Developers (Mr. & Mrs. Deezer) in setting up initial construction funding draws during site development and foundation construction phases Consultant for Huizenga Holdings and the Florida Panthers Hockey Club on acquisition and refinance of five 5-star hotel properties including the Boca Resort and Club, Boca Raton, Florida; Bahia Mar and Pier 66 Hotels, Fort Lauderdale, Florida; and, The Registry and one other hotel in Naples, Florida Consulted for AEW Capital Management, Boston, Massachusetts for: o Construction defect claim on a 13-building apartment complex, resulting in a sizeable mediated settlement in client s favor o $75,000,000 self storage construction project with multiple sites in Florida, Georgia and South Carolina o Apartment complex acquisition Consulted for most of Florida s Top 10 Developers and/or Lenders involved in their projects, including Codina, Stiles Development, Inc., Butters Construction and Development/N & S Butters, Sharpe Project Developments, WCI Communities and The Related Group Consulted for a European entity for development of a 1900 acre planned community in Orlando, Florida Consulted for a European entity for acquisition and redevelopment of historical properties in South Beach including the Governor s Hotel and surrounding properties Have consulted for 7 of the Top 20 Commercial Real Estate Owners in the Southeast and/or their Lenders Capacities as a consultant involved: o Construction loan draw monitoring and progress reporting o Loan pre-closing plan and cost reviews o Building and site condition assessments

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8 DANIEL R. BURNS, Realtor Vice President and Secretary, Due Diligence Associates, Inc. Licensed Realtor, State of Florida Commercial Realtor, Doster Broker Group, Tallahassee, FL Certified Commercial Investment Member (CCIM) Candidate Chairman and President, Alliance for a Strong Florida Present Treasurer, Coalition to Protect the American Dream Experienced in real estate analysis for multifamily and commercial properties as well as undeveloped land Real estate sales experience in residential properties, specializing in foreclosures, Real Estate Owned, listings and Brokerage management Bachelor of Science degrees in Marketing and Finance from Florida State University. Emphasis: Sales and Real Estate

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10 SERVICES DEPARTMENT STORE / CORAL SPRINGS, FL DEPARTMENT STORE / CORAL SPRINGS, FL SUBDIVISION SITE / HEATH, TX

11 SUBDIVISION SITE / HEATH, TX

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