Titleist/Cobra Golf - Vista, California This 46,000 square foot building located at 1385 Park Center Drive in Vista, CA was completed in 1995. Situated on a 3.65 acre parcel, the building contains 21,442 square feet (46.58%) of office build-out. Bancroft purchased this property with ING in May, 1996, for $3.1 million, spun it to Bancroft/CSFB for $3.4 million, and finally sold it to a third party in March, 1999, for $3.8 million. Fujikura Composite - Vista, California The 36,264 square foot building located at 2460 Ash Street, Vista, CA was constructed in 1991. Situated on a 2.62 acre parcel the building contains 7,000 square feet (19.30%) of office space. The Bancroft/ING partnership paid $1.8 million for this building in May 1996, rolled it to the BC/CSFB partnership for $2.2 million in June 1997, and sold it to a third party in March, 1999, for $2.5 million. BE Aerospace - Irvine, California This 106,000 square foot building located at 17481 Red Hill Avenue, Irvine, CA was completed in 1972 and renovated in 1991. Situated on a 5.39 acre parcel, the building contains 45,872 square feet (43.00%) of office space. Bancroft purchased the building in May 1996 in partnership with ING Barings for $4.9 million ($45.46/SF), and in June, 1997, sold it to the Bancroft Capital/Credit Suisse First Boston partnership for $5.6 million. That BC/CSFB partnership in turn sold the property to a third party in February 1998 for $6.7 million. Taylor Made Golf Headquarters - Carlsbad, California Bancroft formed a partnership with private investors to acquire the Taylor Made headquarters building for $4.1 million ($47.55/SF) in November of 1994. In September, 1997, the Bancroft/Credit Suisse First Boston partnership paid $5.8 million for the building. Taylor Made utilized the facility for assembly and distribution of its golf clubs. The company moved to a nearby build-to-suit in May, 1998. The 85,165 square foot building located at 2271 Cosmos Court was completed in 1987. It is situated on a 4.03 acre parcel and contains 39,000 square feet (45.79%) of office space. Ownership leased the building to Healthspan and sold it in March 2001 for $7.3 million. Case Logic Headquarters - Longmont, Colorado The 158,127 square foot building located at 6303 Dry Creek Parkway, Longmont, CO was constructed in 1991. Situated on a 10.8 acre parcel, the building contains approximately 16,000 square feet (10.10%) of office space. Bancroft acquired this building with ING in May, 1996 for $6.9 million, and then sold it to the BC/CSFB partnership for $7.6 million in June 1997. In December, 1997, the BC/CSFB partnership sold the Case Logic building to an exchange buyer for $9.0 million. Creative Nail Design - Vista, California This 55,000 square foot building located at 1125 Joshua Way, Vista, CA was constructed in 1994. Situated on a 3.46 acre parcel, the building contains 15,520 square feet (29.07%) of office space. Ownership also controlled 1.29 acres of adjacent development land for future tenant expansion under a three year, $200,000 purchase option. Bancroft purchased the property with ING in May of 1996 for $3.4 million, rolled it into the BC/CSFB partnership in June of 1997 for $3.3 million, and sold it to a third party in March, 1999, for $3.3 million, and sold it to a third party in March, 1999, for $3.7 million. Former Nissan Performance Racing Campus - Vista, California This five-building, 124,606 square foot campus was constructed in 1988 to house the Nissan Performance Racing team. The team was dissolved in 1995 leaving the buildings vacant. Bancroft Capital purchased the facility in April 1997 for $7.2 million in partnership with Credit Suisse First Boston. The campus is comprised of five buildings between La Mirada Drive, Coral Street and Birch Street in Vista, CA. They were sold in three separate transactions in 1998 and 1999 for a combined $8.2 million.