History of The Shidler Group

Forms Westinghouse/Shidler Funding Corporation to issue $111 million in A-1, P-1 rated commercial paper to fund an acquisition of 87 net leased corporate properties.

Opens Philadelphia office with Clay Hamlin as Managing Partner. Mr. Hamlin will become the Chief Executive Officer of The Shidler Group’s third REIT, Corporate Office Properties Trust (NYSE: OFC).

Structures the acquisition of the Mission Insurance Company Headquarters from Federal Savings & Loan Insurance Corporation and negotiates long-term lease with California State Insurance Commissioner.

Mike Brennan named Partner in Chicago office. Mr. Brennan will rise to become CEO of The Shidler Group’s second REIT, First Industrial Realty Trust (NYSE: FR).

Acquires 1.3 million sq. ft., 19-building industrial portfolio in Detroit, St. Louis, Chicago, and Minneapolis from Prudential Insurance Company.

Opens San Diego office with Jim Reynolds.

Minneapolis office acquires 740,000 sq. ft. Pentagon Office Park in Edina, MN.

Forms National Warehouse Investment Company to provide sale/leaseback financing for corporate LBOs. Later that same year, NWIC acquires and leases back 117 freight and distribution facilities in 36 states as the final leg of the management-sponsored LBO of P-I-E Nationwide, Inc.

Opens Chicago office with Mike Tomasz and acquires one million sq. ft., 13-building Midwest industrial portfolio from the Prudential Insurance Company.

San Francisco office acquires 19-story 111 Pine Street Building from JP Morgan Investment Management Inc.

Opens offices in Minneapolis, St. Louis and Detroit with Paul Lambert in conjunction with acquisition of 740,000 sq. ft. industrial portfolio from Northwestern Mutual Life Insurance Company.

Opens National Corporate Real Estate office in San Francisco with Rob Holman as Managing Partner. This office would focus on surplus corporate real estate and non-credit sale-leasebacks nationwide. The organization and its portfolio will subsequently be taken public as TriNet Corporate Realty Trust with Rob Holman as its CEO.

Acquires 502-room Waikiki Beachcomber Hotel complex from UAL Inc.

Completes major sale-leaseback with J. P. Stevens & Co., Inc on South Hill Drive in San Francisco.

San Francisco office acquires California Hall on Polk Street and develops it as the California Culinary Academy.

Opens second New York office to focus on office buildings in Lower Manhattan.

Honolulu office concludes major sale-leaseback transactions with AMFAC.

First year that over 1 million square feet is acquired, including a major purchase of San Francisco properties from the Equitable Life Insurance Company.

Los Angeles office acquires two corners of Hollywood and Vine with the purchase of the Taft Building and the Hollywood & Vine Plaza.

New York office acquires eight Manhattan buildings totaling 500,000 square feet using a series of 84-year master ground leases.

Acquires first Los Angeles property, an 8-story commercial building at 816 S. Grand Avenue.

Opens Los Angeles office with Steve Meringoff to facilitate investment in Southern California.