History of The Shidler Group

Corporate Office Properties Trust (NYSE: OFC) makes its New York Stock Exchange debut.

Corporate Office Properties Trust acquires Constellation Real Estate Group, Inc. a wholly-owned subsidiary of Baltimore Gas & Electric Company. Transaction exceeds $200 million and increases portfolio by 59%. Corporate Office Properties becomes one of the largest owners of suburban office properties in the Greater Washington DC region.

Acquires major west coast commercial portfolio for $265 million. Properties include the Pasadena Hilton Hotel and the 24-story, 435,000 sq. ft. office building at 801 S. Figueroa.

Merges its mid-Atlantic operations into and takes control of Royale Investments, Inc. (NASDAQ: RLIN) to form its third REIT, Corporate Office Properties Trust. Jay Shidler becomes its Chairman of the Board.

Forms CGA Group, Ltd., a Bermuda AAA-rated financial guarantor of commercial real estate securities. Jay Shidler becomes its Chairman of the Board.

Acquires 1.7 million sq. ft. portfolio in the greater Los Angeles area for $52 million.

Larry Taff named Managing Partner in Honolulu office.

Forms its second REIT, First Industrial Realty Trust, Inc. (NYSE: FR). The Shidler Group’s Midwest industrial real estate operations contribute 203 properties as First Industrial goes public. First Industrial becomes one of the largest industrial REITs in the U.S. with a market capitalization of $3.7 billion. Jay Shidler becomes its Chairman of the Board.

Forms its first REIT, TriNet Corporate Realty Trust, Inc. (NYSE: TRI) with its own corporate triple-net lease operations. TriNet goes public as the first net lease REIT and grows to become one of the largest providers of sale leaseback financing in the U.S. Jay Shidler becomes its Chairman of the Board.

Jim Ingebritsen named Partner in San Diego office.

Forms Blue Bell Funding, Inc. to publicly issue rated notes to fund the sale/leaseback of the Unisys Corporation world headquarters in Blue Bell, PA. This is one of the first single-asset securitizations for a real estate entity and begins a new era of involvement in marrying the company’s real estate expertise with capital markets execution.

Sells majority of its Hawaii holdings including the 502-room Waikiki Beachcomber Hotel to Japanese investors.

Philadelphia office completes its first acquisition, a 10-property portfolio in Malvern Valley using a series of short-term corporate sale leasebacks.