ABOUT US

Katell Properties is a leading commercial real estate developement company that has gained a reputation for developing high-quality, functional, attractively landscaped projects in Los Angeles for the past 30 years. The company's extensive experience and success in developing business parks, mixed-use projects, build-to-suit projects, office buildings, and industrial facilities continues to put the development organization at the forefront of the real estate industry.

Katell Properties has developed more than five million square feet of office and industrial space in business and mixed-use parks in Los Angeles and Orange Counties. Its leased portfolio, located in the San Fernando Valley, Valencia, and Agoura Hills, was owned and manintained for many years. In 2004 and 2005 a significant number of properties were sold to take advantage of the historically high valuations in the current market. As a developer of some of Southern California's most successful master-planned business parks, the firm's projects include Agoura Hills Business Park, Valencia Technology Park, Northridge Business Park, Nordhoff Industrial Complex, Irvine East Business Center, and Park Place and Promontory in the Fox Hills Business Park.

The Los Angeles, California-based firm is committed to the development, management and long-term ownership of high quality office, R & D, industrial, residential, and retail developments in emerging growth marketplaces. Through product innovation and a defined focus in anticipating and satisfying market requirements, the company continues to initiate a leading edge philosophy to meet the challenges of real estate development in the 21st century. Inner-city redevelopment projects are a major new focus of the operations of Katell Properties.

The company is well recognized in the brokerage, permanent lending and banking communities for its integrity, prudent development philosophy, marketing ability, and ability and willingness to move quickly to satisfy tenant requirements. Development projects of Katell Properties include facilities for such well-recognized companies as Allstate Insurance Company, Washington Mutual, Unihealth, CareAmerica, Amgen, Paragon Precision Products, LouverDrape, 3D Systems, ITT, Teradyne, Storage Technology, Security Pacific Bank, Coast Federal Savings, Home Savings and Netcom Systems.

GERALD L. KATELL President Katell Properties Biography

Gerald L. Katell is President of Katell Properties, LCC, based in Los Angeles, California. The firm is a successful developer of commercial, industrial and residential real estate with over five million square feet developed since its inception in 1976.

Mr. Katell entered the real estate development business in 1964 with the Oceanic Properties subsidiary of Castle & Cooke in Hawaii. He served as President of Farwest Capital Company in Seattle, Washington, from 1967 to 1971 and as President of Parking Structures International in Los Angeles from 1971 to 1976. From 1976 to 1983 he served as President of W & K Company, a joint venture with Watt Industries, in which capacity he oversaw the development of numerous office and industrial parks and condominium projects throughout California.

Mr. Katell serves as Board Chair of L.A.'s BEST, a non-profit organization providing after school education and enrichment programs for 24,000 inner city elementary school children in the Los Angeles Unified School District. He is a member of the Executive Committee of the Los Angeles District Council of the Urban Land Institute, a member of the Board of Governors of the Urban Land Institute Foundation, and a member of the Executive Committee of the Lusk Center for Real Estate Development at the University of Southern California. He is also a member of the World Presidents Organization and the Chief Executives Organization, and is a former chairman of the Los Angeles Chapter of the Young Presidents Organization. He serves on the Building Committee and as a director of the Walt Disney Concert Hall in Los Angeles, and on the board of the Music Center of Los Angeles. He also served on the Stanford Business School Advisory Council and currently serves on its Building Committee.

A native of New York, he received a B.S. in Civil Engineering from Massachusetts Institute of Technology and an M.B.A. from the Graduate School of Business at Stanford University.

Mr. Katell is a widower with four children and two grandchildren.

JAMES J. SMITH
Vice President
Katell Properties

Biography

Mr. Smith, Vice President of Katell Properties, is responsible for the feasibility, project management, and coordination of new development projects. He is also responsible for the portfolio, asset, and property management for the Katell Properties portfolio and oversees the company's financial and management operations. Prior to joining Katell, Mr. Smith was an associate at Aldrich, Eastman & Waltch in Boston and Berkshire Realty Trust, also in Boston. Mr. Smith received a BS in Accounting from Syracuse University, an MBA from New Hampshire College, and a Master of Real Estate Development from the University of Southern California. He is also a full member of the Urban Land Institute, a member of the International Council of Shopping Centers, a member of Real Estate Investment Advisory Council, and USC's Lusk Center for Real Estate Development.

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