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2011 CB Richard Ellis, Inc: We believe the information above to be reliable. However, we make no guarantee, warranty or representation about it. Anyopinions or estimates contained in this report represent the judgment of CB Richard Ellis, Inc, at this time, and are subject to change without notice. Ratesand analysis are based on certain assumptions with respect to significant factors that may prove not to be as assumed. You should understand theassumptions and evaluate whether they are appropriate for your purposes.

February 15, 2011: An Electronic Newsletter from CBRE Capital Markets www.cbre.com/capitalmar

Key Rates

Prime 5-Yr T 10-Yr T 1-M LIBOR DJ Avg. 10SwSpr2/15/11 3.25% 2.35% 3.62% 0.26% 12,268 10

1/11/11 3.25% 1.96% 3.34% 0.26% 11,637

Year Ago 3.25% 1.67% 2.64% 0.47% 10,268 3

Source: Bloomberg, Federal Reserve

Average 10-Year Treasury vs. 30-day LIBOR

About Us

combines the top investment sales, finance and investment banking businesses into a single,

omplementary global service offering. In 2010, we led the industry with more than $32.1 billion of investment sales and loan

originations nationally. In 2010, we ranked as #1 Top Brokerage Firm Overall by Real Capital Analytics, and in 2009 as #1

Non-Bank/Direct Mortgage Originator by the Mortgage Bankers Association. Proving again that when it comes to commercial

eal estate capital markets, CBRE Capital Markets is the market-maker.

Private Client Group KansaDoug McFadden, C4717 Grand Ave, Suit

Kansas City, MO 6T 816.968

Dou .mcfadden@cbre

Recently Closed Deals

Type Loan Amount Financing Type Lender Type Index/ Spread Rate Loan-to-Value Term Amortizandustrial $4,250,000 Fixed Life Company T + 285 bps 4.35% 70% 5 Years 25 Y

Multifamily $13,750,000 Floating Agency L + 289 bps 3.15% 70% 5 Years 30 Y

Mini-Warehouse $29,125,000 Fixed Wall St./Conduit S + 235 bps 5.77% 55% 10 Years 30 Y

Multifamily $31,900,000 Fixed Life Company T + 225 bps 4.30% 65% 7 Years 30 Y

Office $15,750,000 Fixed Life Company T + 200 bps 4.52% 56% 10 Years 30 Y

Multifamily $45,000,000 Floating Bank L + 350 bps 4.75% 70% 5 Years 30 Y

Multifamily $6,400,000 Fixed Agency T + 269 bps 5.37% 75% 7 Years 30 Y

Office $7,300,000 Fixed Life Company T + 290 bps 5.60% 65% 10 Years 20 Y

nterest Rate ProjectionsSource: Bloomberg

1Q2011 2Q2011 3Q2011 4Q2011 1Q2012 2Q20120 Year

Avg.)3.37% 3.48% 3.61% 3.74% 3.88% 4.04%

Fed FundsAvg.)

0.25% 0.26% 0.29% 0.37% 0.61% 0.94%

MonthLIBOR

Avg.)

0.27% 0.31% 0.40% 0.57% 0.85% 1.19%

News Monthly Survey: 1/24/11, Chatham Financial 1-M LIBOR: 2/14/11

Market Briefs Real Capital Analytics announced commercial property sales improved

markedly throughout 2010, ending the year on the strongest note s ince 2007at $134.1 billion. Important to note, however, that investment activity is still

just a fraction (29%) of deal activity at the markets peak.

While London and Tokyo held onto their top spots from 2009, U.S. markets

dominated the 2010 global rankings with 12 of the worlds top 30 markets

by sales volume. As reported by Real Capital Analytics, New York City metro

totaled $16.3 billion in sales; nearly triple the previous years volume.

Commercial Real Estate Direct reported lenders last year originated $110

billion of commercial mortgages, a 36% increase over 2009. Freddie Mac

funded $15 billion of apartment loans and bond guarantees last year, down

nearly 12% from 2009 with 50% of the volume last year was closed in fourth

quarter. While Fannie Mae originations fell 15%, down to $16.9 billion.

$918.4 million of CMBS loans were liquidated in December 2010, out of a

total of $7.8 billion in all of 2010. This was the second most active month

after July, according to Realpoint.

10-Yr Treasury 30-Day LIBOR

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