TA Realty has developed a track record of producing superior risk-adjusted returns for its investors, providing uninterrupted quarterly cash distributions since our first fund commenced in 1987. All of TA Realty's commingled funds share the same philosophy, strategy and objectives in addition to investor types, fund structure and expected life.

The objective of the closed-end commingled funds is to obtain the highest possible risk-adjusted investment returns through a value-added investment strategy focusing primarily on office, industrial, multifamily and retail property types. These balanced value-added portfolios seek to:

• Purchase well-located, geographically diverse, quality real estate in primary markets
  
• Concentrate on small- to medium-sized properties in major US supply-constrained markets at or below replacement cost
  
• Focus on diversification by property-type, tenancy, lease expiration, geographic and economic diversification
  
• Convert leasing opportunities into cash flow and thereby increase distributions to investors
  

TA Realty currently manages four active value-added, closed-end commingled funds. TA Realty's first four commingled funds, Funds I, II, III and IV were successfully liquidated as scheduled.