EXECUTIVE SUMMARY

• Developing or managing over 2.7 million sq. ft. of commercial buildings since 1983.
• Completing over $60 million of office projects since 1997.
• Investing in numerous income producing properties, along with over 1500 acres of land since 1983.
• Negotiating over 2.3 million sq. ft. of leases on behalf of tenant representation clients since 1989 (brokerage).

PSC serves as the general partner in its development and investment partnerships. Poynter and Scifres typically invest their money alongside the capital provided by their 3rd party investors. Equity investors include GE Capital, Heller Financial, Realty Capital Partners, Valcor Partners, Sunrise Realty and a number of high net worth individuals. PSC buildings historically stay fully leased (95% or better). This is due to the physical attributes of the buildings and the family type relationship developed with our customer – our tenants.

Poynter Scifres Management, Inc. (PSMI) is a fee based property management company that performs property management services for all Poynter Scifres properties. PSMI provides cost effective value-added management services through a highly efficient team dedicated to the tenants of each property.

In 1989, Poynter and Scifres formed Tenant Realty Advisors, (TRA) a national tenant representation firm. Representative clients include: Analysts International, Norwest Mortgage, Textron Financial, Old Republic Title, USAA Insurance, Chase Bank, Laidlaw, ATE RYDER, Maxim Technologies and Integrated Medical Resources in nearly every major market of the United States. Today, TRA provides in house leasing services for PSC office projects.

THE PRINCIPALS

W. James Poynter has been in the commercial real estate business since 1979 when he became an office leasing agent for Trammell Crow Company, one of the nation's largest commercial real estate developers. In 1982, at age 26, he became an operating partner at Crow. As an Office Division operating partner, Poynter was responsible for the development and marketing of mid-rise office projects containing nearly 500,000 sq. ft., including equity and debt financings exceeding $30 million.   Since 1998 Poynter has overseen the development of 400,000 sq. ft. of office projects owned, leased and managed by PSC in the DFW market.

During his career, Poynter has leased over 3.5 million sq. ft. of space to some of the largest national corporations. Poynter is a past president of the Fort Worth Chapter of the National Association of Industrial & Office Park Developers (NAIOP), is a licensed Texas real estate broker.

Mr. Poynter was born in Kansas City, MO on January 6, 1955. He graduated from The University of Pennsylvania's Wharton School of Business in 1977. He is married (Peggy) and has three children, Justin, Ben and Michael.

Dennis R. Scifres has been in the commercial real estate business since 1972. From 1972 to 1975, he was Leasing Director & Construction Manager for DuBose Corporation, a Fort Worth based national developer.
In 1975 Scifres entered law school at the University of Texas. In 1978 he joined the law firm of Jones, Day, Reavis & Pogue as a commercial real estate lawyer, where he negotiated nearly 1 million sq. ft. of lease transactions and handled over $500 million of real estate transactions for such clients as Trammell Crow Company and Lincoln Property Company. Scifres is a member of the Texas Bar Association and obtained his law degree from the University of Texas and his BA from Columbia University.
In 1982 Scifres left Jones Day to become the CEO of DuBose where he was responsible for the development, management and leasing of over 1.5 million sq. ft. of income properties, the purchase and sale of over 1,500 acres of land and arranged debt/equity financings of more than $50 million.
In 1989, Scifres and Poynter joined forces.  Since 1998, Scifres has financed (debt/equity) 400,000 sq. ft. of office projects owned, leased and managed by PSC in the DFW Market

Property Management Personnel:

Judi Gates is an experienced accounting manager overseeing the accounting functions for all PSC related entities. Since 1980 Judi has been responsible for accounting management of over 2 million sq. ft. of commercial buildings in Houston where she was responsible for all aspects of document and lease review, accounts receivable/payable, pass-through billings and general financial management.

Jeannine Turley is the Director of Property Management for PSMI. Jeannine is responsible for all tenant and vendor relations, tenant construction and work order processing.
Jeannine is the primary point of contact for all Poynter Scifres tenants concerning the day to day issues that arise in the context of property management and strives to develop personal relationships with the key personnel in each tenant firm in the PSC portfolio.