PRESS RELEASES

National Real Estate Advisors announced today that it claims compliance with the Global Investment Performance Standards (GIPS®) and has been independently verified for the period of January 1, 2010 through December 31, 2013.

The GIPS® standards are a rigorous set of investment performance measurement principles, which have been adopted in 37 countries and recognized around the world for their unparalleled credibility, integrity, scope, and uniformity, all enabling direct comparability of a firm’s track record.

Jeffrey Kanne, National’s President and CEO, said: “National Real Estate Advisors seeks to maintain the highest fiduciary standards in dealing with all aspects of our business.  We believe that compliance with GIPS® standards is imperative as we continue to grow our assets under management for institutional investors.”

National’s independent accountant will provide a verification report on an annual basis going forward.

About National Real Estate Advisors

National Real Estate Advisors has $2.3 billion in net assets under management invested in commercial and multifamily real estate valued at $7.5 billion (as of 9/30/14).Through its open-end fund and separate account for pension fund clients, the company invests in major U.S. urban markets, using a build-to-core strategy in large-scale development and redevelopment projects. National builds investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data centers and hotels—with design features, technological enhancements, and amenities that can drive high tenant demand and create value over time. The firm is a subsidiary of the National Electrical Benefit Fund. For more information visit, www.natadvisors.com.

About GIPS®

The GIPS® standards are a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients. GIPS® was created and is administered by the CFA Institute, the global, not-for-profit association of investment professionals that awards the Chartered Financial Analyst (CFA) designation, among others.