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HomeMy WebLinkAboutFY21-22-CBRE-48VALUATION & ADVISORY SERVICES 1 wwTME `T OF FINANCE DATE. rc-c,D. , I1N�1 4 2021 -, C07'i' TO. _ AC.-„ . �... n 1/Lb ,.. June 7, 2021 Ms.Deanno Sako Director of Finance County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Email: Crystallene.Pacheco@hawaiicounty.gov Dear Ms. Sako: We are submitting this letter to express o consulting services to the County of Hawaii, need of such services. A completed DPW Thank you for the opportunity to be of service Respectfully submitted, CSRE - VALUATION & ADVISORY SERVICES Nathan W. Alexander, MAI, SRA Managing Director Phone: (808) 541-5129 Email: Nathan.Alexander@cbre.com 1003 Bishop Street, Suite 1800 Honolulu, Howa j 96813 T 808-521-1200 F 808 541-5155 www.cbre corn ur interest in providing real estate appraisal and and other State of Hawaii and County agencies in 120 is attached along with supporting documents. 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E4 H OG x v w a 0 w E O F fl H F F E N rn (!0 N N H N a W O GrC6 h� qW pF Ci FI h tl�l E G4 O N N H a r gE F Gai O F H t+ qq N NW ] hO N oH F 1N-1 A a Q a]i a C £ O r O oy x � O U M (D Sa r I ly al p. N a� G U) ua h N N o 4 u E U) S4 N >, F O G t7 al —4O s4 O ti fu 1- 4-1 U O rn FL -1 'd C: 4-1 CL ro V) O x —4 y y .--I rn N W ro ro •r1 N of w M rn x oa 0 5 �1 ro N a ro q o w a 0 a H o H C1 a ro Q. N A H F N rn (!0 N m H > a W O GrC6 h� qW pF hr h tl�l E G4 a gE w a F H z N NW oH 1N-1 A a Q a]i .71 W 0 01 a VALUATION & ADVISORY SERVICES CBRE 1003 Bishop Street, Suite 1800 Honolulu, Hawaii 96813 T 808-521-1200 F 808-541-5155 www.cbre.com MEMORANDUM TO: Hawaii County FROM: CBRE, Inc. - Valuation & Advisory Services c/o Nathan W. Alexander RE: References - Contacts and Phone Numbers 1) Scott R. Rodie Bank of Hawaii 808 694-4556 2) Roberta Ishikawa Central Pacific Bank 808 544-3651 3) Giorgio Caldarone The Harry and Jeanette Weinberg Foundation 808 983 7112 4) Rosemary Fazio, Esq. Ashford & Wriston 808-539-0400 5) Dennis Chong Kee, Esq. Cades Schutte LLP 808-521-9200 6) Bruce Nakaoka Queen Emma Land Co. 808-691-5966 Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2019 Stan Mukai Waterhouse Kakaako Property Industrial 2019 Pulama Lanai Hokuao Residential Project Residential 2019 Washington Capital Management Ing Hawaii Masons & Plasterers Admin Offices Commercial 2019 Stan Mukai Model Progress Building Commercial 2019 State of Hawaii Koo Ridge Kamehameha Highway Widening Residential 2019 Belluna Company Limited Ewa Hotel Waikiki Hotel/Resort 2019 Brightspring Health Services 49 South Hotel Suites 301-312 Honolulu, Hawaii (HI) 968 Commercial 2019 Brightspring Health Services 94-216 Farrington Highway Suites 132-205 & 206 WaipahL Commercial 2019 RGA Reinsurance Company Mounakea Marketplace Commercial 2019 First Hawaiian Bank Davies Pacific Center Commercial 2019 Alexander & Baldwin Waipouli Town Center Commercial 2019 Macquarie PF INC Ritz Carlton Waikiki Condotel Commercial 2019 Waikapu Properties LLC Waikapu Country Town Master Plan Hearing Other 2019 Bank of Hawaii Koali Road Property Residential 2019 Watanabe Ing LLP Koko Head Cafe Commercial 2019 State of Hawaii Jay & Aliens Suemori Property Residential 2019 Stan Mukai Waterhouse Kakaako Property Industrial 2019 Stan Mukai Waterhouse Kakaako Property Industrial 2019 Stan Mukai Waterhouse Kakaako Property Industrial 2019 Stan Mukai Waterhouse Property Industrial 2019 Stan Mukai 2320 S. King Street Honolulu, Hawaii (Ht) 96826 Commercial 2019 Stan Mukai 770 Kapiolani Blvd Honolulu, Hawaii (HI) 96813 Commercial 2019 Central Pacific Bank Pearl Kai Shopping Center Commercial 2019 Waterhouse Waterhouse Oahu Properties Industrial 2019 Washington Capital Management In, Keauhou Lane Apartments Residential 2019 The Harry and Jeanette Weinberg Fo Service Station - Retail/Warehouse Commercial 2019 American AgCredit Island Princess (Purdyco) Mac Nut Orchard Agricultural/Pasture 2019 The Harry and Jeanette Weinberg Fo Weinberg Portfolio Ad Hoc Consulting Commercial 2019 Bushnell Law Group Don Quijote Parking Commercial 2019 The Harry and Jeanette Weinberg Fo Weinberg Properties Agricultural/Pasture 2019 Peter K. Martin Polanui Gardens Subdivision Residential 2019 Peter K. Martin Proposed Makila Rural - East Workforce Housing Project Other 2019 James Campbell Company LLC - Hoi Westin Maui Hotel/Resort 2019 Outrigger Enterprises Group Outrigger Hotels RPT Assessments Hotel/Resort 2019 Times Supermarket Vacant Site Corner of Hoopili Shopping Center Site Commercial 2019 Buderim Group Limited MacFarms Macadamia Orchard & Processing Facility Agricultural/Pasture 2019 American Savings Bank The Ohio Hotel/Resort 2019 Laie Ventures LLC Courtyard Oahu North Shore Hotel Hotel/Resort 2019 Ladder Capital Proposed Mandarin Oriental Hotel - Ph 1 Land Hotel/Resort 2019 WCME LLC Maui Coast Hotel Economic Impact Analysis Hotel/Resort 2019 Ladder Capital Proposed Mandarin Oriental Hotel - Ph 2 Project Hotel/Resort 2019 Hawaiian Airlines Airport Center RPT / Consulting Commercial 2019 Kaipuu Investors, LLC 19 Apartment Buildings & Vacant Site Residential 2019 Central Pacific Bank Laie Property Residential 2019 Hawaiian Airlines Hawaiian Airlines Hangar RPT Industrial 2019 Bushnell Law Group Don Quijote Parking Commercial 2019 HHF Planners Proposed Keolia Residential Subdivision Econ Impact M/S Residential 2019 Brookfield Properties Access & Utility Easement Commercial 2019 American Agcredit Aina Hou Animal Hospital Property Commercial Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2019 Hawaii Foodbank Hawaii Foodbank Industrial 2019 Bank of Hawaii - Wholesale Credit D Eggs'n Things Commercial 2019 Bank of Hawaii Theater Space - Koolau Shopping Center Commercial 2019 Keith M. Kiuchi, ALC Chinatown Bar Space Market Rent Survey Commercial 2019 Commonwealth Business Bank Ewa Beach Golf Club Other 2019 State of Hawaii - Department of Trar Hoopili Use of Occupancy Commercial 2019 Central Pacific Bank Waikiki Gateway Hotel Hotel/Resort 2019 Bank of Hawaii - Wholesale Credit DThe Equus Hotel/Resort 2019 City National Bank Riggs Distribution Commercial 2019 McCorriston Miller Mukai MacKinnor Single Family Residence 916 Maunowili Road Kailua, Haw Residential 2019 Kauai County Housing Agency Courtyards at Waipouli Residential 2019 Meridian Pacific, Ltd. Waikoloa Holiday Inn Express Hotel/Resort 2019 Goodsill Anderson Quinn & Stifel Servco Waipahu Industrial 2019 RISA Partners Inc. Surfiack Hotel Market Study Hotel/Resort 2019 HomeStreet Bank-- Paradise Ridge Estates 2.27 Acre Site Residential 2019 State of Hawaii Kalanionaole RE Investments (GL 4323) Industrial 2019 Invesco Real Estate HIX Waikiki Hotel/Resort 2019 Hawaii Gas Hawaii Gas Site at JCIP Industrial 2019 Hawaii National Bank Nanala at Mehano Commercial Unit 101 Commercial 2019 Bushnell Law Group Don Quijote Parking Commercial 2019 Integrated Services, Inc. Kuakini Medical Center Commercial 2019 Richard R. Jasper Lihue Vacant Site Commercial 2019 Avalon Development Company LLC Sky Ala Moana Residential 2019 State of Hawaii DOT Statewide Airports Project Industrial 2019 Bristin, LLC IES JCIP Induslriall-and Industrial 2019 Kula Ridge Mauka, LLC Kula Ridge Agricultural/Pasture 2019 ISTAR INC. Alohilani Resort at Waikiki Beach Hotel/Resort 2019 Raven Capital Management LLC Proposed Mana 'Olana Place Hotel/Resort 2019 Frank & Sharen Sylva Channel House Land Residential 2019 JPMorgan Chase Bank, N.A. Allerton Garden Conservation 2019 Phelps-Tointon, Inc. Various JCIP Ind ustrialProperties Industrial 2019 Bank of Hawaii - Wholesale Credit D Windward Centre Commercial 2019 Blacksand Capital LLC New Otani Kaimana Beach Hotel Consulting Hotel/Resort 2019 Blacksand Capital LLC New Otani Kaimana Beach Hotel Appraisal Hotel/Resort 2019 Kauai County Housing Agency 23.53 Acres in Kilauea Village Agricultural/Pasture 2019 Bank of Hawaii - Wholesale Credit D Royal Lahaina Resort Hotel/Resort 2019 CBRE K.K. 3 Hotel Valuation Matrix Hotel/Resort 2019 McCorriston Miller Mukai MacKinnor Sand Island Business Park RPT Properties Industrial 2019 Sumitomo Mitsui Banking Corporatic Five Luxury Condo Units Residential 2019 Bank of Hawaii - Wholesale Credit D Hilton Garden Inn Hotel/Resort 2019 Blacksand Capital LLC Hypothetical 2 -Story CPR Commercial 2019 State of Hawaii Makaho Bridge No. 3 & 3A (Barboza) Residential 2019 US Foods VIP Food Service Industrial 2019 US Foods Island Grocery Depot Commercial 2019 US Foods VIP Food Service Industrial 2019 Wells Fargo Bank N,A Ke Kilohana Condo Tower Commercial 2019 Wells Fargo Bank N.A Aeo Tower Retail Portion Commercial 2019 Bank of Hawaii Koolau Center Times Supermarket Commercial 2019 Bank of Hawaii Koolau Center Times Supermarket Commercial Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2019 The Harry and Jeanette Weinberg Fo Weinberg Portfolio Ad Hoc Consulting Commercial 2019 Kamehameha Schools KS 2019 RPT Appeals Commercial 2019 Schlack Ito Ala Moana Tower Expert Opinion Residential 2019 Kyo -Ya Company LLC Princess Kaiulani Hotel RPT Hotel/Resort 2019 Hawaii Student Suites Kalo Student Suites Residential 2019 Pulama Lanai Four Seasons Lanai at Manele Bay Hotel/Resort 2019 USAI Investments 2 Break in Access and 1 Access Widening for the Pulelehuc Residential 2019 Macquarie PF INC Trump International Waikiki Condotel Hotel/Resort 2019 County of Hawaii Hilton Doubletree Grand Naniloa Hotel/Resort 2020 State of Hawaii Makaha Bridges 3 and 3A (C&C of Honolulu) Residential 2020 Central Pacific Bank -Honolulu Nimitz Center Commercial 2020 Central Pacific Bank -Honolulu Azeka 11 Commercial 2020 Central Pacific Bank -Honolulu Azeka I Commercial 2020 Odakyu Electric Railway Co. Ltd. Sky Ala Moana Hotel/Resort 2020 Terra Capital Partners, LLC 677 Ala Moana Commercial 2020 Outrigger Enterprises Group Outrigger Hotels RPT Assessments Hotel/Resort 2020 St. Francis Healthcare System St. Francis Parking Structure Commercial 2020 State of Hawaii Makaha Bridges #3 & 3A (Palmer) Residential 2020 DBS Bank Ltd. Doubletree Hotel by Hilton Alana Waikiki Hotel Hotel/Resort 2020 Bank of Hawaii - Wholesale Credit D Kapiolani Village Apartments Residential 2020 JL Capital Sky Ala Moana Hotel/Resort 2020 State of Hawaii 94-143 Leokane Street Waipahu, Hawaii (HI) 96797 Industrial 2020 JPMorgan Chase Bank, N.A. 438 Hobron Lane, Units V-2 and V-213 Honolulu, Hawaii (F Commercial 2020 BW Vacation Owners Association, Inc BW Vacation Suites (Hokulani) RPT Hotel/Resort 2020 Common Ground Kauai 4900 Kuawa Road Kilauea, Hawaii (HI) 96754 Agricultural/Pasture 2020 CAPITAL ASSET MANAGEMENT Kohala Club Hotel Hotel/Resort 2020 SUMMER STREET ADVISORS, LLC OP 677 Ala Moana Commercial 2020 Codes Schutte LLLP 523 Mokouea Street Honolulu, Hawaii (HI) 96819 Commercial 2020 Codes Schutte Kai Malino Ranch Lands Agricultural/Pasture 2020 Hadley Properties Airport IndustrialPark Residential 2020 Gorn Development Proposed 220 -Room Select Service Hotel Hotel/Resort 2020 McCorriston Miller Mukai MacKinnor Kakoako Makai I Commercial 2020 A & B Properties Hawaii, LLC, Series Kai Olino Residential Residential 2020 Goldman Sachs Bank USA, a New Yc Hokua Place Agricultural/Pasture 2020 TEG Hotels LLC (Best Western The Plc Best Western The Plaza Hotel & Airport Honoluylu Hotel Hotel/Resort 2020 Sumitomo Mitsui Banking Corporatic 1288 Ala Moana Boulevard Apt. PHC Section C of 40-41 F Residential 2020 The Harry and Jeanette Weinberg Fo Weinberg Hausten Street Properties Commercial 2020 Bank of Hawaii - Wholesale Credit D 1555 Pohoku Residential 2020 Bristol Alii Holdings, LLC Alii Place Commercial 2020 Kahala Resort The Kohola Hotel & Resort Hotel/Resort 2020 Host Hotels & Resorts, Inc. Host Maui Hotel RPT Hotel/Resort 2020 JPMorgan Chase Bonk, N.A. Longs Drugs / Ross Commercial 2020 Central Pacific Bank Aston Waikiki Circle Hotel Hotel/Resort 2020 Bank of Hawaii - Wholesale Credit D Lumeria Maui Hotel/Resort 2020 Iwilei Center, LLC Iwilei Center Industrial 2020 Torkildson Katz Hetherington Harris i The Outlets of Maui Commercial 2020 GGP Ala Moana LLC Ala Moana Plaza Residential 2020 Bank of Hawaii Koolau Center Commercial 2020 Parker Ranch Waimea Town Center Market Study Commercial Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2020 Blacksand Capital LLC Kaimana Beach Hotel Hotel/Resort 2020 Dowling Componyr Inc. Honuoula (Wailes 670) Economic Impact & Public Fiscal Residential 2020 Pomona Farming, LLC HCC Farms Agricultural/Pasture 2020 Pomona Farming, LLC HCC Farms Agricultural/Pasture 2020 Statewide Bancorp Hale Nanea Residential 2020 Bushnell Law Group 5276 Kemokeo Street Honolulur Hawaii (HI) 96821 Residential 2020 The Parking REIT, Inc. MVP Hawaii Marks Garage Commercial 2020 Rabo Diversified Services Moaula Coffee Farms Acreage Agricultural/Pasture 2020 Rabo Diversified Services Honu'apo Ranch Agricultural/Pasture 2020 Jeff Green and Rob Li Hilo Mountain Ranch Agricultural/Pasture 2020 Eric M.K Wong Royal Grove Hotel Hotel/Resort 2020 Laie Ventures LLC Courtyard Oahu North Shore Hotel Hotel/Resort 2020 Bank of Hawaii - Wholesale Credit D Portion of Alsco Waiwai Loop Property industrial 2020 Parker Ranch Proposed Luiki Subdivision Agricultural/Pasture 2020 State of Hawaii - Department of Trar Koo Ridge Residential 2020 Buderim Group Limited MocFarms Macadamia Orchard & Processing Facility Agricultural/Pasture 2020 State of Hawaii - Department of Trar Eleele Pedestrian Overpass Repairs Commercial 2020 First Bank & Trust Maui Hostel (Banana Bungalow) Hotel/Resort 2020 Kamehameha Schools Kamehameha Schools RPT Appeals Agricultural/Pasture 2020 Codes Schutte 523 Mokauea Street Honolulu, Hawaii (HI) 96819 Industrial 2020 Watanabe Ing LLP Koko Head Cafe Commercial 2020 LUBERSKI, INC DBA HIDDEN VILLA I Waialua Ag - 37 Acres Agricultural/Pasture 2020 CHAR SAKAMOTO ISHII LUM & CHIt CS Wo Malawi Property Industrial 2020 CHAR SAKAMOTO ISHII LUM & CHIt C.S. Wo & Sons Commercial 2020 CHAR SAKAMOTO ISHII LUM & CHR CS Wo Commercial 2020 Tower Kauai Lagoons,LLC Timbers Resort RPT Hotel/Resort 2020 CHAR SAKAMOTO ISHII LUM & CHIt Beretania Street Retail Commercial 2020 CHAR SAKAMOTO ISHII LUM & CHIt C.S. Wo & Sons Commercial 2020 GI Vacation Owners Association, Inc. GI Vacation Suites/Grand Islander RPT Hotel/Resort 2020 GW Vacation Owners Association, In GW Vacation Suites RPT Hotel/Resort 2020 Ocean Tower Vacation Owners Asso, Ocean Tower Vacation Suites RPT Hotel/Resort 2020 HHF Planners Hawaiian Memorial Park Agricultural/Pasture 2020 Kohola Coast Vacation Owners Asso• Koholo Coast Vacation Suites RPT Hotel/Resort 2020 TS - KT Vacation Owners Association KT Vacation Suites Hotel/Resort 2020 WBKL Vacation Owners Association, WBKL Vacation Suites RPT Hotel/Resort 2020 HVVS Owners Association, Inc. Hawaiian Village Vacation Suites RPT Hotel/Resort 2020 Maui Vacation Owners Association, I Maui Bay Villas RPT Hotel/Resort 2020 The Bay Club Vocation Owners Asso(Bay Club Vacation Ownership Program Hotel/Resort 2020 Handcrafted Restaurants Makai/Makena Corner of Piilani Highway and Wailea Ike I Commercial 2020 LMF Commercial, LLC Honolulu Harbor Shops Commercial 2020 Truist Bank Maui Banyan Hotel/Resort 2020 American Agcredit Kona Hills Agricultural/Pasture 2020 Pulama Lanai Hokuoo Residential Project Residential 2020 JPMorgon Chase Bank, N.A. 438 Hobron Lane, Units V-2 and V-26 (also known as Unil Commercial 2020 Kalihi Union Church Kalihi Union Church Other 2020 Washington Capital Management Int Hawaii Sheet Metal Workers Office & Training Rooms Commercial 2020 McCorriston Miller Mukai MacKinnorVIVE Hotel Waikiki Hotel/Resort 2020 Bowers + Kubota Consulting MF Apt & Parking/Vacant Site Residential 2020 Parker Ranch Inc. Waiemi Ag Lots Agricultural/Pasture Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2020 Sumitomo Mitsui Banking Corporatic 120 Ko'iulani Avenue Honolulu, Hawaii (HI) 96815 Hotel/Resort 2020 Marten Meeks Single Family Residence Residential 2020 Midland Loan Services, a division of I Poipu Shopping Village Commercial 2020 Wells Fargo Bank- RETECHS Honolulu Aviation FBO Facility Commercial 2020 Wells Fargo Bank- RETECHS Dole Plantation Store Commercial 2020 Wells Fargo Bank- RETECHS Dole Cannery Complex / Iwilei / 801 Dillingham Building Commercial 2020 Wells Fargo Bank- RETECHS Leilehua Building Commercial 2020 Alexander & Baldwin Selected Maui Agricultural Lands Agricultural/Posture 2020 HomeStreet Bank Paradise Ridge Estates 2.27 Acre Site Residential 2020 Carlsmith Ball LLP Hale Erehwon Asakawa Trust Agricultural/Pasture 2020 The Parking REIT, Inc MVP Hawaii Marks Garage Commercial 2020 Parker Ranch Inc Tent Warehouse Industrial 2020 Munger, Tolles & Olson LLP SFI Ilikai Retail Owner Litigation Commercial 2020 Kauai County Housing Agency Kilauea Village / Portion of Namahana Acres Land Condo Agricultural/Pasture 2020 Popular Commercial Lending Group Ka'u Valley Farms Agricultural/Pasture 2020 Department of Land & Natural Resor Sunrise Capital Inc. Commercial 2020 Intco Investments Company 92-1480 Ali'inui Dr Kapolei, Hawaii (HI) 96707 Hotel/Resort 2020 Department of Land & Natural ResOLMS Auto Industrial 2020 Pacific Rim Land, Inc. Proposed Honuaula Community M/S Residential 2020 Pacific Rim Land, Inc Proposed Honuaula Off -Site Affordable Apartment Project Residential 2020 James Campbell Company LLC - Hal Proposed Kapolei Harborside Master Plan Market Study Industrial 2020 Lanihau Properties LLC Kona Seaside Hotel Hotel/Resort 2020 Pulama Lanai Makani Kai Honolulu Hangar Industrial 2020 Group 70 International (dbo G70) Hilton Hawaiian Village - New Hotel Tower Hotel/Resort 2020 Group 70 International (dba G70) Hilton Hawaiian Village - New Hotel Tower Hotel/Resort 2020 Tom Petrus & Miller LLC Straub Medical Center Commercial 2020 MetLife Investment Management, LL(Kona Hills Agricultural/Pasture 2020 IGIS ASSET MANAGEMENT COMPAP Sky Ala Moana Hotel/Resort 2020 ISTAR INC. Alohilani Resort at Waikiki Beach Hotel/Resort 2020 Bank of Hawaii Site Underlying Kailua Center Commercial 2020 Property Reserve, Inc. Residence Inn Maui Wailea Hotel/Resort 2020 Damon Key Leong Kupchok Hastert Villa on Eaton Square Building Commercial 2020 Pulama Lanai Proposed Fleet Yard Relocation Industrial 2020 Parker Ranch Hale Kea Leased Lands Agricultural/Pasture 2020 Parker Ranch Inc. Jacaranda Inn Hotel/Resort 2020 Parker Ranch Inc. Portion of Former Lalamilo Reservoir Site Agricultural/Pasture 2020 SCHIFF HARDIN LLP Ohana Waikiki Malia Hotel Hotel/Resort 2020 Sumitomo Mitsui Banking Corporatic Four Luxury Condo Units Residential 2020 Cushman & Wakefield Global Service 1435, 67-1611 and 67-2397 Mamalahoo Highway Komu- Industrial 2020 Parker Ranch Inc. Gateway Post Office Site Commercial 2020 Japan Real Estate Institute The Kahola Hotel & Resort Hotel/Resort 2020 Wells Fargo Bank 800 Haumana Road Haiku, Hawaii (HI) 96708 Residential 2020 Wilson Okamoto Corporation No Lama Kukui Commercial 2020 Brookfield Asset Management Victoria Place Residential 2020 Sumitomo Mitsui Banking Corporatic Four Seasons Resort Oahu Hotel/Resort 2020 Waikiki Shopping Plaza Waikiki Business Plaza Commercial 2020 Waikiki Shopping Plaza Waikiki Shopping Plaza Commercial 2020 Richard S. Hill Trust Oceanfront Home Owned by Richard Hill Trust Residential 2020 LoanCore Capital MVP Hawaii Marks Garage Commercial Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2020 Hawaiian Islands Land Trust Kahumana Farms Agricultural/Pasture 2020 State of Hawaii - Department of Trar Kalanianoole Highway Improvements Residential 2020 State of Hawaii - Department of Trar Hoku Kai Biofuels Industrial 2020 Castle & Cooke Homes Hawaii, Inc. Castle & Cooke Properties RPT Commercial 2020 Vantage Point Advisors Kauai Oceanfront Estate Residential 2020 Munger, Tolles & Olson LLP SH Ilikai Retail Owner Litigation Commercial 2020 McGuireWoods LLP F. Apilado v. BOA Residential 2020 McGuireWoods LLP R. Llanes v. BOA Residential 2020 GW Vacation Owners Association, In GW Vacation Suites RPT Hotel/Resort 2020 HVVS Owners Association, Inc. Hawaiian Village Vacation Suites RPT Hotel/Resort 2020 GI Vacation Owners Association, Inc. GI Vacation Suites/Grand Islander RPT Hotel/Resort 2020 TS - KT Vacation Owners Association KT Vacation Suites Hotel/Resort 2020 BW Vacation Owners Association, Ini BW Vacation Suites (Hokulani) RPT Hotel/Resort 2021 Alexander & Baldwin Pali Lanes Commercial 2021 Alexander & Baldwin Windward Ford Site Commercial 2021 Tort Claimants Committee Camp Honokaia Agricultural/Pasture 2021 Kauai County Housing Agency 23.53 Acres in Kilauea Village Agricultural/Pasture 2021 Bank of Hawaii - Wholesale Credit D Kohola Club Hotel Hotel/Resort 2021 BRE Turtle Bay Development LLC Kamehameha Highway FAP NH -083-1(31) Agricultural/Pasture 2021 County of Maui - Department of Finc Hotel Sector Trend Factor RPT Hotel/Resort 2021 Department of Land & Natural Resor Land Underlying Westridge Shopping Center Commercial 2021 Brookfield Asset Management Victoria Place Residential 2021 McGuireWoods LLP Camat Properly Residential 2021 Festivals Management Corp. Royal Hawaiian Center Phase 1 Commercial 2021 Kyo -Ya Company LLC Kyoya 2021-2022 RPF Hotel/Resort 2021 Tort Claimants Committee Camp Alan Faye Agricultural/Pasture 2021 Kailua Racquet Club, Ltd Kailua Racquet Club, Ltd Commercial 2021 Cushman & Wakefield 65-1444 Kawaihai Road Kamuela, Hawaii (HI) 96743 Hotel/Resort 2021 American AgCredit MacFarms Macadamia Orchard & Processing Facility Agricultural/Pasture 2021 Integrated Services, Inc. Kuakini Medical Center Campus Commercial 2021 McGuireWoods LLP McCollough Property Residential 2021 Department of Land & Natural Resoi Portion of Former Lalamilo Reservoir Site Agricultural/Pasture 2021 Castle & Cooke Homes Hawaii, Inc. 2021 Real Property Tax Appeal Review Commercial 2021 The Harry and Jeanette Weinberg Fo 2021 Real Property Tax Appeal Review Commercial 2021 The Oxford Group Hokua Penthouse C Residential 2021 Benefit Street Partners, L.L.C. 1695 Kapiolani Boulevard Honolulu, Hawaii (HI) 96815 Residential 2021 Bank of Hawaii - Wholesale Credit D Lumeria Maui Hotel/Resort 2021 Bank of Hawaii - Wholesale Credit D Kamanu Center Commercial 2021 CHOI & ITO 1338 and 1356 Kapiolani Boulevard Honolulu, Hawaii (HI Residential 2021 TEG Hotels LLC (Best Western The Plc Best Western The Plaza Hotel & Airport Honolulu Hotel Hotel/Resort 2021 Tort Claimants Committee Hawaii Island Service & Scout Shop Center Agricultural/Pasture 2021 American Savings Bank - Main Brant 74-5583 Luhia Street Kailua-Kona, Hawaii (HI) 96740 Industrial 2021 American Savings Bank - Main Branc 151 Uluniu Avenue Honolulu, Hawaii (HI) 96815 Hotel/Resort 2021 Bank of Hawaii Wailea Ike Place Wailea, Hawaii (HI) 96753 Hotel/Resort 2021 CHOI & ITO 1659 and 1673 Kapiolani Boulevard Honolulu, Hawaii (HI Residential 2021 LYDIA SHIGEKANf:, LAUREN SHIGEK Shigekane Compound Residential 2021 Builders Capital, LLC Hale Nanea Residential 2021 Doug Cole Makaho Gateway Mouka Commercial 2021 327 KONA LLC Kona View Country Estates Agricultural/Pasture Nathan Alexander Assignment Listing May 2019 to 2021 Year Client Property Type 2021 The Harry and Jeanette Weinberg Fo Weinberg Foundation Maunawili Lands Agricultural/Pasture 2021 GREEN HILLS MALL TRG LLC International Market place Commercial 2021 The Harry and Jeanette Weinberg Fo Site Underlying the Sun Village Condominium Residential 2021 Bank of Hawaii Marriott Waikoloa Beach Hotel/Resort 2021 Comerica Mercedes Benz of Honolulu Commercial 2021 Comerica Mercedes Benz of Maui Commercial 2021 State of Hawaii 2 Break in Access and 1 Access Widening for the Pulelehuc Residential 2021 Kyo -Ya Company LLC Sheraton Waikiki Hotel/Resort 2021 Kyo -Ya Company LLC Royal Hawaiian Hotel/Resort 2021 Kyo -Ya Company LLC Moana Surfrider Hotel/Resort 2021 Deutsche Bank Securities Inc. Princeville Ranch and Airport Development Lands Agricultural/Pasture 2021 Kamehomeho Schools 2021 Real Property Tax Appeals Agricultural/Pasture 2021 Tower Kauai Lagoons,LLC Kauai Timbers Resort Subdivision 1A Residential 2021 Kaipuu Investors, LLC Kapiolani Village Apartments Residential 2021 The Harry and Jeanette Weinberg Fo Hauula Shopping Center Pad Commercial 2021 Iwilei Center, LLC Iwilei Center Industrial 2021 Pulama Lanai Miki Basin Ind ustrialCondominium Industrial 2021 Jay Gill Windward Ford Commercial 2021 Lisa Davis MacFarms Macadamia Orchard & Processing Facility Agricultural/Pasture PROFESSIONAL QUALIFICATIONS OF NATHAN W. ALEXANDER, MAI, SRA Business Affiliation Managing Director CBRE, Inc. Valuation & Advisory Services Honolulu, Hawaii (Oct. 2018) Director CBRE, Inc. The Hallstrom Group Valuation & Advisory Services Honolulu, Hawaii (2015 - 2018) Appraiser/ Analyst The Hallstrom Group, Inc. Honolulu, Hawaii (2008 - 2014) Senior Investment Brunsfield International Group Analyst Kuala Lumpur, Malaysia (2013) State of Hawaii Certified General Appraiser Certification License No. CGA -1097 Exp. Date: December 31, 2021 Territory of Guam - Non -Resident Real Estate Certified Appraiser, License No. CA -19-59, Exp. Date February 21, 2021. Education • M.S. (Real Estate) 2012, Johns Hopkins University, Baltimore, Maryland • B.S. (International Business Management, Summa Cum Laude) 2008, Brigham Young University, Hawaii Johns Hopkins University Real Estate Course Work: • ReaI Estate Development • Legal Issues in Real Estate • Financial Modeling and Real Estate Analysis • Site Planning and Building Design • Land Use Regulation • Financing Real Estate Projects • Managing Construction Projects • Real Estate Risk & Opportunities • Retail Development • Advanced Argus • Real Estate (Urban) Economics • Appraisal and Valuation • Real Estate Market Analysis • Managing Real Estate Portfolios • Real Estate Valuation and Analysis II Certifications Argus DCF Professional Affiliations MAI and SRA Designations (2015) - Appraisal Institute Email Address Nathan. Alexander@cbre.com Oil �y �j I�V W J a z c� Ln a cx 0 LLIJ m a tr W LLN z a r a z 0 z a LA N W z cn 7 0 w V 4 J CL r a 0 W Y a J 0. N a W w w 2 w U J N S r Q LLa Q w N Z O U U a! t LLI W° 0 U ` rL^, W O w z cW C �n / 0 a � Oil �y �j I�V W J a z c� Ln a cx 0 LLIJ m a tr W LLN z a r a z 0 z a LA N W z cn 7 0 w V 4 J CL r a 0 W Y a J 0. N a W w w 2 w U J N S r NATHAN W ALEXANDER 1003 BISHOP ST #1800 HONOLULU, HI 96813 CGA -1097 :NOTICE THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLY LICENSED AND SHOULD BE KEPT IN YOUR POSSESSION A TALL TIMES. LICENSE NUMBER EXPIRATION DATE CGA -1097 11 12/31/2021 STATE OF NA All DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS CERTIFIED GENERAL APPRAISER;•.. AF p F N NATHAN WALEXANDEf r �� 1003 BISHOP ST #1800 �} HONOLULU H! 96813,_: SIGNATURE OF LICENSEE PROFESSIONAL QUALIFICATIONS OF JEFFREY K. HALLSTROM, MAI Business Affiliation Director CBRE, Inc. Valuation & Advisory Services Hallstrom Group Team Honolulu, Hawaii (2015 - Present) Appraiser/ Analyst The Hallstrom Group, Inc. Honolulu, Hawaii (2002 - 2014) Financial Analyst Skywest Airlines Intern St. George, Utah (2001) National Designation • MAI Designation (2013) - Appraisal Institute and Membership • MRICS Designation (2015 -2017) -Royal Institute of Chartered Surveyors State of Hawaii Certified General Appraiser Certification License No. CGA -817 (2007) Exp. Date: December 31, 2021 Expert Witness Arbitration Proceedings Testimony Valuation Experience Subdivision Analyses • Hotels • DeveIopment & AgriculturaI Lands • Real Estate Portfolios • Multifamily Projects • Leased Fee Properties • Ground Rent Reopenings • Litigation / Arbitration Issues Education • M.B.A_ (Finance) 2002, Marriott School of Management, Brigham Young University, Utah • B.A. (International Studies, Global Economics, Magna Cum Laude)1999, Brigham Young University, Utah • Numerous specialized real estate studies in qualifying for the MAI designation, and uninterrupted continuing education, including: Appraisal Institute • Review Theory - General Advanced Courses • Advanced Concepts & Case Studies • Advanced Income Capitalization • General Appraiser Market Analysis & Highest & Best Use • Conservation Easements Association Membership Beta Gamma Sigma Honor Society • Phi Kappa Phi Honor Society • Boy Scouts of America Email Address Jeffrey. Hallstrom@cbre.com IRS w J a z c� W a a fillW J a Cc W LL 0 z Q a r r 0 z in z a N U1 W z N m U- 0 0 w u a J IL I- 4 4 W a J a w a W m r N E W N z W u y JEFFREY K HALLSTROM 1003 BISHOP ST#1800 HONOLULU, HI 96813 CGA -817 NOTICE THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLY LICENSED AND SHOULD BE KEPT IN YOUR POSSESSIONA TALL TIMES. ----- - - - - ---- ------ - - - --, S F i I I I I i LICENSE NUMBER EXPIRATION DATE • • �� CGA -817 12/31/2021 STAIE OF NAMLU 04PARTNENTGFCOMMEMEANDCONiUMERAFMIRs CERTIFIED GENERAL APPRAISER 0 Frrr, i t 1L'. ■ Fes- ' ❑� JEFFREY K HALLSTROMN 1003 BISHOP ST 01800 1/ ■1� HONOLULU. HI 98813 St SUREOF ma ----- - - - - ---- ------ - - - --, S F i I I I I i 5/2112021 Amelia Lim I CBRE Amelia P. Lim [S) CBRE Executive Vice President Honolulu Americas CBRE Hotels Advisory Services Hotels and Resorts, Valuation & Advisory Valuation Services 1003 Bishop Street `+1 808 541 5171 +1 917 855 9172 Suite 1800 E) amelia.lim@cbre.com Honolulu, Ht 96813 Professional Background Amelia Lim is an Executive Vice President for CBRE Hotels Advisory in Hawaii. Ms. Lim is a well-known and proven advisor/consultant with extensive experience that enhances CBRE's business platform in Hawaii and the Pacific Region. Being one of the leading experts in commercial real estate, Ms. Lim partners with and advises many of the leading global, institutional and private investors with interests in hotels and resorts located in Hawaii and the Pacific. Ms. Lim's areas of expertise include investment and operating strategy, market analyses, feasibility studies, valuations, operator selections and management/franchise contract negotiations. Experience Prior to joining CBRE Hotels, Ms. Lim served as an Executive Vice President for AL's Hotels & Hospitality Group. During her 16 years with the firm, she was a project team leader and primary client contact for acquisition due diligence assignments, renovation reviews, development ano yses, operational assessments and appraisals/valuations on more than $5.5 billion in hospitality assets and portfolios. She also arranged more than $2 billion in hospitality sale transactions. Before joining AL's Hotels & Hospitality Group, Ms. Lim was an Associate Director for Insignia/ESG, and she began her career as an Analyst with HYS International, Representative clients include major sources of debt financing, major public and private hotel companies, numerous municipalities and public agencies, public and private REITS, private equity firms, law firms and legal counsel, private sector motel developers, and universities. Education & Professional Affiliations / Accreditations Education ■ New York University, Master of Science, Real Estate Development and Investment ■ Cornell University, Bachelor of Science, Hotel Administration (with Distinction) Professional Affiliations / Accreditations ■ Real Estate New York 2008 "Women of Influence" ■ lecturer, New York University, Schack Institute of Real Estate ■ licensed Hawaii Real Estate Salesperson ■ Memberships: Cornell Hotel Society, NYU Real Estate Alumni Network https://www.cbre.co.nztpeople-and-offices/ameiia-lim 19 5/21/2021 Clients Represented ■ ADIA ■ Blackstone ■ Ddion Wanda • Erste Abwicklungsonstalt • Holekulani Corporation • Johnson & Johnson ■ Kerzner International ■ MSD Capital ■ The Carlyle Group ■ Ashford Hospitality Trust • China Oceanwide • DaVito ■ FelCor Lodging Trust ■ IBM Corporation ■ Junius Real Estate Partners ■ Marriott International ■ Pricewaterhousecoopers ■ The Howard Hughes Corporation https:/Avww,cbre.co.nzipeople-and-officeslamelia-lim Amelia Lim I CBRE Clients 2!4 5/21/2021 ■ Atrium Holding Company ■ Chino Orient Summit Capital ■ Dimoh Capital ■ GlaxoSmithkline ■ i5tor Financial ■ Kamehameha Schools ■ Millennium Partners ■ Shenzhen New World ■ Tokyo Star Bank Amelia Lim I CBRE Significant Assignments ■ 50 Hotel Portfolio Various U.S. Locations - 11,750 rooms ■ Ala Moana Hotel - 1,095 rooms ■ Alohilani Resort - 839 rooms ■ Marriott Portfolio of 16 Hotels Various U.S. Locations - 2,500 rooms ■ Proposed Mandarin Oriental Oahu - 125 rooms ■ Proposed Mixed -Use Development San Francisco - 1.1 million SF ■ Proposed Select Service Hotel Los Angeles - 250 rooms ■ The Kahala Hotel & Resort Hawaii- 338 rooms ■ Turtle Bay Resort - 452 rooms ■ Waikoloa Development Parcels Hawaii - 29 Acres ■ Westin Maui - 759 rooms https:/ANww.cbre.co.nz/people-and-officestamelia-lim 3.4 STEVE CALAN D RA, #MAI Director- Valuation and Advisory Services ,i,2, STEVE CALANDRA, MAI {:808.123.9193 (:949.599.5751 Steve.Colaodro(@(bre.com 1003 Bishop Sheet, Suite 1800 Honolulu, 11196813 3501 Jamboree Road Suite I IC Newport Bench, CA 92663 SELECT CLIENTS — faltrans — countydFresno Circ of Poncho Saato ialaudacita ci4y al walling Or al How Cihr _f owodo — CitfoiSan Beinordina L1 Wies and Hnlbots — Ciovis Untried School Oiurici Fresno Unified Sihool Drsu;u — Memwl Uailitd Stbuol Disltiu — Broo.Olioda School DOJO — Pomona Uniiied School Nitd.t — Souihe+nCalifarniuEdison — U.S. Postal Selvi'e — Hunling:on Beac CiN USD — Aleshire E %jr&,i, LLP — Baker, ,inm cl 8 lensen — Bcnv:n and Slim — Baan Cave, LP — Buchahei Verner — Dmvling, Aaron 8 Keeler Hess.Verdoo Uslho in M skins La,,v Offices o111oelle P. Minto Luskin, Stern Z Eisle+ LLP Pillsbuq, Vrnthmp, Shag, 8 Pittman Greenman, Lary, Klein, Hinds Weisarman 8114ran Steve Calandra serves as a Director of Valuation and Advisory Services in Hawaii and Southern California. In this role, he directs valuation and consulting engagements related to a wide variety of property types in the State of Hawaii and Southern California market, agricultural assignments throughout the southwest. Mr. Calandra has a broad range of experience in the valuation and analysis of asset types including agricultural properties, development and trans;tional land, subdivisions, office, industrial, single and multi -family, hotels, self -storage, ground leased sites and going -concern valuations of complex assets. Mr. Calandra's expertise includes valuation of fee simple, leased fee and leasehold interests, feasibility studies, highest and best use studies, rental surveys, conservation easements, re use and redevelopment projects, partial takings, eminent domain and condemnation, acquisition/disposition, foreclosure related valuations, trust accounts, estate, gift and Internal Revenue Service related tax valuations. EXPERIENCE Steve Calandra has been involved in commercial real estate valuations since 1996. Prior to joining CBRE, he was the Managing Director for JILL Valuation and Advisory Services and held various positions with Integra Realty Resources, including Senior Managing Director of the Orange County and Inland Empire office. Mr. Calandra has become a trusted advisor to his clients providing appraisal and consulting services to lenders, pension funds, REITs, law firms, CPA's, government agencies, school districts, and builders in all phases of development, helping them to achieve their current goals and plan for the future. SPECIALTIES Agricultural Properties Special Use Properties Highest and Best Use Case Studies EDUCATION AND DESIGNATIONS Subdivision and Masterplans Eminent Domain/Condemnation Luxury Residences Bachelor of Arts, English Literature and Creative Writing; California State University, Fresno MAI designation of the Appraisal Institute Certified General Real Estate Appraiser, State of California #AG027877 Certified General Real Estate Appraiser, State of Hawaii #1031 SELECT CLIENTS CONT. — Blackslooe — UPERS — CSGrpilaIManagement — HinesMamgemem — LaSalle lnestmen]Monagemem Prudenlio l urdang — (S(npim) — 1PAlorganCknse Key Bank — Armed forces Bank — BTI nicofAmetica SBVA Compass Bonk 8801 Bunk Beuth Business Bonk — Beyedy Hills Prrvale Bank Banco Popular — 8a Pk of she 1'W Bankof Hassaii (amerira Ba tk C{ zem Business Bnnk 06wo Fiflooaial — East West Bank — Hanmi Bopf. — W Jolla Bank — Paclfusl Bank NIC Bok — Popular (cmmunirl Bnnk — Tonnoo Bank — '*lls Fay APPRAISAL INSTITUTE COURSES Course 1 10, Appraisal Principles Course 120, Appraisal Procedures Course 310, Basic Income Capitalization Course 320, General Applications Course 410, Standards of Professional Practice, Part A Course 420, Standards of Professional Practice, Part B Course 510, Advanced Income Capitalization Course 520, Highest and Best Use Course 530, Adv. Sales Comparison & Cost Approaches Course 540, Report Writing and Valuation Analysis Course 550, Advanced Applications Appraising Convenience Stores Eminent Domain & Condemnation Small Hotel/Motel Valuations Argus Enterprise Parts 1 & 2 Laws & Regulations for California Appraisers Laws & Regulations for Nevada Appraisers Introduction to Green Buildings: Principles & Concepts Case Studies in Appraising Green Commercial Buildings Appraising Automobile Dealerships FHA Appraising—Principles and Procedures Subdivis.'on Valuation REFERENCES Thomas Pastore, ASA, CFA Chief Executive Officer Sonli Pastore & Hill 1990 S. Bundy Dr., Ste 800 Los Angeles, CA 90025 310-571-3400 tpastore@sphvelue.com Justin Stout, MAI Review Appraiser Banner Bank 110 S Ferrall St Spokane, WA 99202 Office. (509) 241-0167 J ustin.Stout@ban nerbank.com Ken Brown, ARA Appraisal Manager Fresno -Madera Farm Credit 4635 W Spruce Ave, Fresno, CA 93722 559-277-7000 kenneth.brownC@fmformcredit.com Mark H. Persico, AICP COO and Senior Vice President Kosmont Companies Office: (424) 297-1070 mpersico@kosmont.com Additional references are available upon request STEVEN R CALANDRA 124 WEST AVENIDA SANTIAGO SAN CLEMENTE. CA 92672 CGA -1031 A"OTICE THIS POCKET ID CARD IDENTIFIES YOU TO THE PUBLIC AS BEING CURRENTLY LICENSED AND SHOULD BE KEPT IN YOUR POSSESSIONA TALL TIMES LICENSE NUMBER EXPIRATION DATE CGA -1031 12/31/2021 STATE OF NAwAn OEPARTa£NT OF COMMERCEANO CONSuMERAFFAIRS CERTIFIED GENERAL APPRAISER:'.: . l E OF N �* STEVEN R CALANDRA. "7r 124 WEST AVENIDA SANT SAN CLEMENTE, CA 9�7 SIGNATURE OF LICENSEE PROFESSIONAL QUALIFICATIONS OF THOMAS W. HOLLIDAY, CRE, FRICS Business Affiliation Director CBRE, Inc. Valuation & Advisory Services The Hallstrom Group Team Honolulu, Hawaii (2015 - Present) Senior Analyst/ The Hallstrom Group, Inc. Supervisor Honolulu, Hawaii (1980 - 2014) Former Staff Appraiser Davis -Baker Appraisal Co. Avalon, Santa Catalina Island, California (1977-1979) International Designation • CRE Designation (2015) - The Counselors of Real Estate and Membership • FRICS Designation (2016) -Fellow of the Royal Institution of Chartered Surveyors Education/Qualifications • California State University, Fullerton (Communications/journalism) • More than 600 Hawaii Hotel/ Hospitality Valuation and Consulting Assignments • More than 150 Market Studies, Economic Impact Analyses and Public Fiscal Assessments for Proposed Projects and Entitlement Purposes • Qualified expert witness testimony before State of Hawaii Land Use Commission, County Planning Commissions, County Councils and various state and county boards and agencies since 1983. • Only certified real estate economist by County of Kauai for workforce housing assessments. • Numerous SREA, Appraisal Institute and RICS Courses • Numerous professional seminars and clinics. • Contributing author to Hawaii Real Estate Investor, Honolulu Star Bulletin, Pacific Business News, Other Publications On January 1, 1991, the American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate Appraisers (SREA) consolidated, forming the Appraisal Institute (AI). Recent Assignments • Market Study, Economic Impact Analyses and Public Costs/ Benefits (Fiscal Impact) Assessments Oahu -- OHA Kakaako Makai (Mixed -Use Project) -- Howard Hughes/Ward Kewalo Basin (Retail Project) -- Marriott Waikiki Parking Lot (Hotel/ Timeshare Project) -- Residence Inn Kapolei (Hotel) -- Turtle Bay Resort (Destination Resort Community) -- Waikapu Country Town (Mixed -Use Community) -- Oahu Community Correctional Center Relocation -- Oahu Tourism Spending/Tax Impact Analysis -- Waikapu Country Town (Mixed -Use Community) Professional Qualifications of Thomas W. Holliday (continued) Maui County -- Waikapu Country Town (Mixed -Use Community) -- Lanai City Expansion (Mixed-Use/201H Community) -- Polanui Garden (201H Residential Community) -- Molokai Ranch Holdings (Mixed -Use) -- Makila Rural Subdivision (201H Residential Community) -- Makila Kai (201H Residential Community) -- Maui Research & Tech Park (Mixed -Use Community) -- Maui Lani (Mixed -Use Community) Honuaula (Mixed -Use Community) -- Makena Beach Resort -- Maui Business Park, Phase II (Industrial/ Commercial) -- Kapalua Mauka (Master Planned Community) -- Hailiimaile (Mixed -Use Master Planned Community) -- Pulelehua (Master Planned Community) -- Westin KaanapaIi Ocean Villas Expansion (Resort/ Timeshare) Big Island Parker Ranch Waimea Town Center (Mixed -Use) -- West Hawaii/ Gold Coast Tourism & Hotel Analysis -- Puako Farms/Kamakoa (Residential Subdivision) -- Kau Tea Farm (Agricultural/Mixed-Use Project) -- Kamakana Villages (Mixed -Use Residential Development) -- W.H. Shipman Ltd, Master Plan (Various Urban Uses) -- Nani Kahuku Aina (Mixed -Use Resort Community -- Kona Kai Ola (Mixed -Use Resort Community) -- Waikoloa Highlands (Residential) -- Waikoloa Heights (Mixed -Use Residential Development) Kauai -- Princeville Lodge (Hotel) -- Princeville Phase II (Destination Resort Community) -- Hanalei Plantation Workforce Housing (Resort) -- Lima Ola (Residential Community) -- Coco Palms (Hotel) -- Sheraton Kauai Workforce Housing (Resort) -- Coconut Coast Tourism and Hotel Analysis -- Hanalei Plantation Resort (Resort/ Residential) -- Kukuiula (Resort/ Residential) -- Waipono/Puhi (Mixed -Use Planned Development) -- Eleele Commercial Expansion (Commercial) -- Village at Poipu (Resort/ Residential) -- Ocean Bay Plantation (Resort/ Residential) Professional Qualifications of Thomas W. Holliday (continued) • Major Neighbor Island Valuation Assignments -- Mauna Lani Bay Hotel -- Courtyard Kahului Airport Hotel -- Maui Oceanfront Days Inn -- HoIiday Inn Express - Kona Hotel (proposed) -- Keauhou Beach Hotel -- Courtyard King Kamehameha Kona Beach Hotel -- Aloha Beach Resort -- Coco Palms Resort -- Grand Hyatt Kauai -- Islander on the Beach -- Waimea Plantation Cottages -- Coconut Beach Resort -- Sheraton Maui Hotel -- Outrigger Wailea Resort Hotel -- Maui Lu Hotel -- Coconut Grove Condominiums -- Palauea Bay Holdings -- Wailea Ranch -- Maui Coast Hotel -- Westin Maui Hotel -- Maui Marriott Hotel -- Waihee Beach -- Kapalua Bay Hotel and The Shops at Kapalua Email Address Tom. Holliday@cbre.com PROFESSIONAL QUALIFICATIONS OF JAZMIN K. RODRIGUES Business Affiliation Sr. Valuation Associate CBRE, Inc. Valuation & Advisory Services The Hallstrom Group Team Honolulu, Hawaii (2015 - Present) State of Hawaii Certification Education Appraiser/ Analyst The Hallstrom Group, Inc. Honolulu, Hawaii (2014) Appraiser Trainee License No. RFAT-1322 (2016) Exp. Date. December 31, 2021 B.S.B.A. (Finance) 2013 Hawaii Pacific University Honolulki, Hawaii Appraisal Institute Basic Appraisal Principles Basic- Appraisal Procedures 15 -Hour National USPAP Equivalent Course General Market Analysis Highest and Best Use General Appraiser Sales Comparison Approach General Appraiser Site Valuation and Cost Approach General Appraiser Income Approach Part I General Appraiser Income Approach Part I1 Email Address Jazmin.Rodrigues@cbre.com PROFESSIONAL QUALIFICATIONS OF KODY K. MENTO Business Affiliation Valuation Associate CBRE, Inc. Valuation and Advisory Services The Hallstrom Group Team Honolulu, Hawaii (2017 -Current) Education Bachelors Degree 2017, Financial Services, Creighton University • National Uniform Standards of Professional Practice, 2017 • Basic Appraisal Principles, 2017 • Basic Appraisal Procedures, 2017 • Supervisor Appraiser/ Trainee Appraiser Course, 2017 Experienced on Microsoft Windows Excel computer spreadsheets and Word. Development of software for the following applications: Leasehold and leased fee analysis, mortgage -equity income capitalization, discounted cash flow analysis of income producing property before tax, subdivision land residual analysis, and other real estate applications. Association Memberships • Practicing Affiliate - Appraisal Institute - 2018 -Current State of Hawaii Hawaii Certified Appraiser Trainee #8180104001 Exp. Date: December 31, 2021 Email Address Kody.Mento@cbre.com PROFESSIONAL QUALIFICATIONS OF BENJAMIN J. HOLLIDAY Business Affiliation Sr. Valuation Associate CBRE, Inc. Valuation & Advisory Services The HaIlstrom Group Team Honolulu, Hawaii (2018 - Present) Intern The Hallstrom Group I CBRE, Inc. Valuation & Advisory Services Honolulu, Hawaii (2017 - 2018) Education B.A in Economics 2018, University of Hawaii at Manoa • Basic Appraisal Principles, 2018 • Basic Appraisal Procedures, 2018 • Supervisor Appraiser/ Trainee Appraiser Course, 2018 • National Uniform Standards of Professional Practice, 2019 Association Memberships • Practicing Affiliate - Appraisal Institute - 2019 - Present State of Hawaii Hawaii Certified Appraiser Trainee #R190523001 Exp. Date: December 31, 2021 Contact Email: Benjamin.Holliday'Ocbre.com Phone: (808) 497-1006 .4v CERTIFICATE OF LIABILITY INSURANCE F uyw.,r, THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Aon Risk Services Northeast, Inc. Stamford CT office 1600 Summer Street Stamford CT 06907-4907 USA CONTACT NAME. PHONE (AIC, No. Ext(666) 283 71%1 aC.No : Bnry3G)6104 E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC N INSUREDINSURER CBRE Group, Inc. and Subsidiaries 400 5 Hope Street Los Angeles CA 90071 USA A: American Internii-i,iial Group UK Ltd AA1120187 INSURER 8: INSURER C: INSURER D: INSURER E: WSURER F: COVERAGES CERTIFICATE NUMBER: 570084756044 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH TH.S CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested L LTR TYPE OF INSURANCE INgD Sub WV POLICY NUMBER MMRIfMWDOffYYY1 POLICY EXP LIMITS COMMERCIAL GENERAL LIABILITYEACH pCCURRENCE CLAIMS -MADE [—]OCCUR PREMISES JEa occurrence MED EXP {Any one person) PERSONAL E ADV INJURY GEN'L AGGREGATE LIMIT APPLIES PER, GENERAL AGGREGATE PR0. POLICY PRO - LOC PRODUCTS -COMPIOP AGG OTHER: AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT a ANY AUTO BODILY INJURY ( Per person) OWNED SCHEDULED AUTOS ONLY AUTOS HIRED AUTOS NON -OWNED ONLY AUTOSONLY BODILY INJURY (Per at idanq PROPERTY DAMAGE Per pCC+denl UMBRELLA UAB OCCUR EACH OCCURRENCE EXCESS LIAR CLAIMS -MADE AGGREGATE DEO RETENTION WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN ANY PROPRIETOR' PARTNER EXECUTIVE OFFICEFUMEMBER EXCLUDED? ❑ N!A PER STATUTE OTH• I I IER E EACH ACCIDENT E -L. DISEASE -EA EMPLOYEE {Mandatory In NH) Nyes, IPTI be OFF DESCRIPTION un OPERATIONS below E.L. DISEASE -POLICY LIMIT A E&O-PL-Primary PSDEF2000SS8 Errors & Omissions 11/01/2020 11/01}2021 Per Claim/Aggregate S10,000,0001 SIR S20,000,0001 SIR applies per policy terns & condi ions DESCRIPTION OF OPERATIONS! LOCATIONS J VEHICLES {ACORD 107, Additional Remarks Schedule, nuy W amched N mon spate Is required) Evidence of Insurance. i I CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. CBRE Group, Inc. and Subsidiaries AUTHORIZED REPRESENTATIVE 400 S. Hope Street Los Angeles CA 90071 USA 01988-2015 ACORD CORPORATION. All rights reserved. ACORD 25 (2016103) The ACORD name and logo are registered marks of ACORD to to 0 0 r - U)