Investment Focus - STAG

STAG (SINGLE TENANT ACQUISITION GROUP)

Investment Date: 2004 -2005
Location: Various US
Property Type: Industrial
Square Footage: 2,923,428 (bldg sf)
Status: Fully Realized
2002 2003 2004 2005 2006

2002

Greenfield sees mis-evaluation of risk in niche industrial real estate sector (single-tenant, below investment-grade)

ASSET CLASS CHARACTERIZATION

FRINGEINSTITUTIONAL

2002

CAPITAL FLOWS

OUTIN

2002

REAL ESTATE FUNDAMENTALS

DECLININGIMPROVING

2002