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PRESENTATIONS

Silver Portal Capital

Delivering Institutional Quality Capabilities Through and Entrepreneurial Mindset

Burl East

October 2006 “Formation of Private REITs” @ IMN Non-Traded REIT Conference

May 2006 “Global Logistics and The Impact On Real Estate” @ Lusk Real Estate Conference

Jon Haahr

October 2006 “Joint Ventures with Non-Traded REITs” @ IMN Non-Traded REIT Conference

May 2006 “Financing Fractional/Private Residence Club Real Estate” @ Ragatz Associates Fractional Interest Symposium

May 2006 “Preparing for a Liquidity Event” @ IMN Non-Traded REIT Conference

March 2006 “Financing Fractional, Non-branded Resorts” @ ARDA National Conference

February 2006 “Capital Markets” @ San Diego Economic Forecast Conference

October 2005 “Exchange Listing as a Viable Exit Strategy” @ IMN Non-Traded REIT Conference

May 2005 “List, Merge or Liquidate: Assessing the Options” @ IMN Non-Traded REIT Conference

December 2005 “Financing Condo Hotels” @ IMN Condo Hotel Conference