To: Jeff[[email protected] From: "Second City Capital" Second City Capital Sent: Tue 9/4/2012 7:28:27 PM Subject: Quarterly Performance Update - City II - Opportunistic RE Fund Title: Quarterly Performance Update - City II - Opportunistic RE Fund HIGHLIGHTS: Q2 - 2012 on behalf of • Completed a second closing, fund size of $86 million. • Achieved stabilized occupancy of 80% at City Center. • Lowered our acquistion price of Bedford from $9.8 million to $9.0 million. • Executed a non-binding letter of intent with a National Home Builder at Rancho Mirage. • Finalizing a significant commitment from a large institutional investor for a final closing on September 30th, 2012. A SAMPLE OF OUR PORTFOLIO EFTA_R1_00311817 EFTA01891427