History of The Shidler Group

Forms Alliance Partners, LLC with Partners Clay Hamlin and Rich Previdi to focus on East Coast office building acquisitions.

Pacific Office Properties Trust, Inc. (NYSE Amex: PCE) goes public via a reverse merger and contribution of its Western U.S. portfolio and institutional joint venture operations to Arizona Land Income Corporation, which is reincorporated as Pacific Office Properties Trust. Jay Shidler becomes its Chairman of the Board.

Pacific Office Properties acquires additional 1.9 million square feet of office space in selected submarkets of San Diego, Los Angeles, Phoenix, and Honolulu.

Jay Shidler donates $25 million to his alma mater, the University of Hawaii. The gift is the largest single donation ever received by the University and in recognition the University of Hawaii College of Business Administration will be renamed the Shidler College of Business.

Acquires the US Bank Center in Downtown Phoenix. The property is the second tallest office building in Arizona and marks The Shidler Group’s continued commitment to expansion in the country’s highest growth markets.

Acquires First Insurance Center, a 210,000 sq. ft. Class A Honolulu office building. The Shidler Group’s Honolulu office real estate holdings exceed 1.5 million sq. ft. or 10% of Honolulu’s office real estate market.

Forms Pacific Office Properties Trust, Inc. as a private REIT to focus on the acquisition, ownership and management of Class A office property in the Honolulu, San Diego, Los Angeles, and Phoenix markets.

Phoenix office acquires one million sq. ft. City Square Complex in mid-town Phoenix. City Square, which includes three Class A high-rise towers and a Hilton hotel, is the largest mixed-use commercial condominium in Arizona.

Forms major joint venture with General Electric Capital Corporation to acquire commercial property in the southern California market. First transaction is a $65 million acquisition of a 15-building portfolio in San Diego.

Completes its first $1 billion year with acquisitions in December alone exceeding $200 million

Primus Guaranty, Ltd. goes public and lists on the New York Stock Exchange (NYSE: PRS) having issued over $8 billion in credit protection.

Acquires the 550,000 sq. ft. Waterfront Plaza, a premier retail/office complex in the Honolulu Commercial Business District. With this purchase, The Shidler Group becomes the largest office real estate owner in Honolulu.

Acquires two landmark Hawaii properties, the Davies Pacific Center and the Pan Am Building, from the California State Teacher’s Retirement System. This acquisition is the largest office real estate transaction in Hawaii in 10 years and coincides with the beginning of the Honolulu office market recovery.

Sells the Waikiki Galleria to the Global Pacific Fund

Forms Primus Guaranty, Ltd., a AAA/Aaa rated provider of credit protection on investment-grade corporate obligations.

Acquires the Waikiki Galleria, a 16-story Class A retail and office complex from Nippon Shinpan for $95 million.

Matt Root named Partner in San Diego office.

San Diego office completes a $60 million private placement to fund opportunistic acquisitions.

Sells 33-building industrial portfolio in Los Angeles to Westcore Corporation and Wellman Properties for $79.9 million.