Pacific Newport Properties, INC

Management

William R. Patton, President and founder of Pacific Newport Properties, Inc.

Following graduation from the University of Southern California, Mr. Patton worked with W.H. Daum in Southern California as an industrial real estate broker.


Mr. Patton then joined Chicago-based Homart Development Company, at the time one of the most prolific regional shopping center development firms in the United States. His responsibilities included mall tenant design planning and development, major tenant leasing and management of fifteen regional malls across the United States.


He was subsequently Director of Shopping Center Development with W. R. Grace Development Company focusing on all phases of development including property acquisition through major tenant leasing of neighborhood and community major anchored shopping centers and specialty centers in the western United States.


Sandra K. Dilgard, Executive Vice President, Chief Financial Officer

Ms. Dilgard supervises and coordinates PNP's day to day overall operations and property management, PNP's land use entitlements, economic proforma analysis, budgets and the overall administration of the Company.


A graduate of Arizona State University, Ms. Dilgard's professional background includes experience in accounting, insurance, escrow and title affording PNP a particularly high level of expertise in these areas.


Ms. Dilgard works closely with PNP staff on all development and property management activities and related budgets. She joined PNP in 1982 following a successful career with First American Title Company as an escrow officer. Ms. Dilgard is a partner in several projects and a valued officer of the firm.


Sue A. Smith, Vice President, Controller

Ms. Smith earned an Associate Degree in accounting and has had concentrated experience in the areas of accounting, bookkeeping, coordinating construction loan draws, contractor construction documentation, lender reports, long term financing lender reports, etc. as the company Controller serving as a Vice President in that position.


Ms. Smith is also involved in all daily aspects of property management maintaining the books and records for each of the properties, tenant relations, and development and property management budgets.


She joined PNP in 1991 and is an integral contributor to the success of the firm and a partner in several projects.


Jon B. Patton, Vice President

Mr. Patton is a graduate of Chapman University and joined PNP in 2006 after ten years with Spelling Television and the Fox Broadcasting Network as a development executive with responsibilities ranging from initial project inception through to production. During that time, he also managed PNP owned property located in Los Angeles.


Given his solid business background, Mr. Patton made a smooth career change, and in 2007 he was selected by the National Association of Industrial and Office Properties (NAIOP) to participate in their prestigious invitation-only Young Professionals Group (YPG), a year long intensive program of practical working seminars directed by veteran industry leaders.


Mr. Patton's organizational skills and his ability to work with people at all levels have contributed to his rapid success in property management and leasing working with owners, tenants, brokers, service providers and governmental agencies. He has also contributed to the analysis of potential development and rehabilitation projects. Mr. Patton is a partner in several PNP projects.


MARSHALL P. WILKINSON, Consultant

Mr. Wilkinson is a graduate of the University of Southern California with a Bachelor of Science Degree in Business with a Real Estate and Finance emphasis and a Master of Business Administration Degree.


He worked with William Patton at W. R. Grace Development Company in a similar deal maker position supervising project development and major tenant leasing throughout the western United States.


Mr. Wilkinson offices with PNP, operating his own firm, and is available on a consulting basis for PNP development, construction and management projects. He has been a partner in a number of PNP projects.


Pacific Newport Builders, Inc.

In 1997 William Patton and Robert M. Harding organized Pacific Newport Builders, Inc. ("PNB") primarily to direct PNP's construction needs in order to optimize cost efficiency and quality control. Mr. Harding was the general contractor for over three million square feet of PNP's development projects.


Mr. Harding is PNB's Chief Executive Officer and its sole owner. He is a licensed general contractor in the State of California with over thirty-eight years of experience in retail, commercial, light industrial and office construction leading to front-line management of, and bottom-line responsibility for, operation of a $100 million (annual sales) general contracting firm. His areas of expertise include: Pre-Construction Services; Construction Management; Site Procurement and Feasibility Analysis; Estimation/Bid Proposals; Contract Negotiation.


Mr. Harding has such a profound interest in the construction industry that he has maintained a position as a Professor, Lecturer for College of Engineering, California State University, Long Beach for many years.

He has maintained relationships with the most sought after construction professionals in the industry and has greatly contributed to PNP's project design, construction proformas and the selection of architects, engineers and subcontractors.


The two companies office in PNP's building, maintaining a close relationship sharing office access and prompt communications for all of PNP's construction requirements, whether minor property management assessments, tenant improvements, major rehabilitation or new construction planning and construction.