Vintage Real Estate was founded in 2002 by real estate industry veteran Fred Sands. Vintage is a private investment firm based in Los Angeles which focuses on the direct acquisition, operation and redevelopment of Òvalue-addÓ properties nationwide. VRE acquires underperforming regional malls, power centers and grocery anchored neighborhood shopping centers which typically are underserving the local community due to lack of modernization and proper tenant mix. VRE has a successful track record of creating value by improving the sales, occupancy and performance of these properties through aggressive re-tenanting, marketing and strategic capital investment. Fred SandÕs wife, Dr. Carla Sands, succeeds him as Chairman and CEO of Vintage Capital Group. Vintage boasts a highly experienced executive team whose members come from some of the most significant and successful mall and shopping center investors/operators in the industry. Vintage has acquired over 4 million square feet of retail space. For more information about Vintage Real Estate please visit www.vintagerealestate.com

Since its founding, Vintage has acquired over 4 million square feet of retail space.