James Mabrey & Partners, LLC

Target investments are income producing Timber Land and Retail properties that produce favorable returns with future upside. We also are seeking opportunities for the acquisition or management of large distressed master planned communities involving complicated structures by the use of “ bonding districts” such as Fresh Water Supply Districts and MUDs in Texas or Mello Roos bonds in CA : Land: Minimum deal size $10,000,000 • Large partially developed master planned communities in foreclosure or bankruptcy entitled with Special Districts - MUDS, FWSD,SIDs, Mello-Roos, etc. Timber Land: Deal size 5,000-200,000 acres • Managed with operating history and Timber Cruise • Soil Index Minimum of 70% Distressed Debt: Minimum deal size $20,000,000 • Performing and non-performing first liens • Bankruptcy Debt • Tax Exempt Development District Bonds Income Producing Properties: Minimum deal size $5,000,000 • Shopping Centers – 6 CAP with min 20% vacancy upside