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CLIENTS, INVESTORS & LENDERS

• Airdex international
• Baja Peninsula Properties, C. V.
• Bank of America
• Bechtel Group, Inc.
• Bob Wooley
• British Gas Pension Trust
• Brondi Group
• California Public Employee Retirement System
• Chevron
• CORE Realty Holdings
• Dreyfus Realty Advisors (DRA Advisors)
• Exchange Bank
• General Motors Pension Trust
• G E Pension Fund
• KSL Resorts
• Lehndorff USA Group of Companies
• Liberty Mortgage Acceptance Corporation

• Lighthorse Ventures, LLC
• Lincoln Property Company
• Mass Development Company
• Mass Mutual Life Insurance Company
• Melvin Simon
• Northwestern Mutual Life Insurance Company
• Principal Financial Group
• Prudential Insurance Company
• San Francisco Scavengers
• Spieker Properties
• Stiepel Group
• The Swig Company
• Swig, Weiler and Dinner
• Territorial Savings & Loan
• Texaco
• United Nations Employees Pension Fund
• VMS Realty
• Western Sun Farms