PRESS RELEASES

For the second consecutive year, National Real Estate Advisors (National) achieved a Green Star for its environmental, social responsibility and governance polices from the Global Real Estate Sustainability Benchmark (GRESB). The company also improved its overall performance by 20% over 2015 and measured 6.5% above its peer group average for 2016. GRESB is a leading measure of sustainability performance for real estate portfolios around the world and its Green Star ratings recognize portfolios that have strong sustainability management, policy, measurement, implementation and quantitative results.  Companies volunteer to participate in the GRESB ratings, and participating companies are generally more committed to advancing sustainability initiatives than businesses which do not participate.

Jeff Kanne, President and CEO of National, said: “Our company is dedicated to meeting the highest standards in sustainability and stewardship policies, which we strongly believe will help us generate more competitive projects and better investment results for our clients over time. We will continue to focus our asset management and corporate governance on improving our performance year over year.”

About National Real Estate Advisors

National Real Estate Advisors is a leading investment manager, specializing in build-to-core—developing and owning large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data center and hotel—with design features, technological enhancements, and amenities that can drive high tenant demand and create value for investors. The firm is a subsidiary of the National Electrical Benefit Fund. For more information visit, www.natadvisors.com.

About GRESB

GRESB (Global Real Estate Sustainability Benchmark) offers a global rating to measures and benchmark the sustainability performance of real estate funds and companies. The benchmark considers indicators in the domains of environmental stewardship, social responsibility and corporate governance. GRESB, an industry organization, is dedicated to assess and operationalize the sustainability performance of real estate portfolios around the globe.