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New Market Crossing Shopping Center, Mt. Airy, North Carolina Circumstancial Description Prior to Take Over 110,718 square foot neighborhood shopping center. Occupancy level at 93%. Small shop leases below market rent with month-to-month leases. Property Business Plan Lease up vacant space. Position leases for eventual sale of property. Increase rental income. Reduce operating expenses. Results Reduced operating expenses by 7.5% by renegotiating landscape/exterior. maintenance contract and challenging real estate tax appraisal. Increased occupancy from 93% to 97% with new long-term leases. Increased small shop rental rates by 12.5%. Increased property values by 12.5% ($3,800,000 to $4,275,000).

Stewart Realty, LLC , 8 W 3rd Street, Ste. 200, Winston-Salem, NC 27101 Phone 336-722-9828 Fax 336-722-4776 © 2011