Acquisitions

Sterling has more than $750 million of buying power through its Sterling Value Add Partners (“SVAP”) Fund Series. The characteristics we seek in our targeted Value-Add Retail real estate investments include:

• Major market MSAs
• In-fill locations, 75,000 people in 3-mile radius
• Potential for significant income growth
• Real estate fundamentals more important than credit of tenants
• Below market rents
• Redevelopment opportunities
• Unique opportunities
• Loan originations and/or workouts
• Deal size: $10 million to $750 million
• Individual deals and/or portfolios

Sterling has more than $400 million of buying power through its Sterling United Properties (“SUP”) Fund Series. The characteristics we seek in our targeted stabilized grocery-anchored real estate investments include:

• Core/stabilized grocery-anchored shopping centers
• In select major MSAs where grocer is No. 1 or No. 2 of pure grocers from a market share perspective
• Primary MSAs (Top 50)
• Stable, predictable cash flow/anchors have solid sales with reasonable health ratios
• 90%+- occupancy
• Deal size: $10 million to $250 million
• Individual deals and/or portfolios

Sterling has more than $250 million of buying power through its current Fund, Sterling Consumer Logistic Properties I (“SCLP I”). The characteristics we seek in our targeted LAST HOUR® Logistics real estate investments include:

• Primarily Major Coastal MSAs
• Vacant retail buildings not less than 50K square feet
• Deal size: $5 million to $100 million
• Individual deals and/or portfolios