"I wanted to write on behalf of the Gap. Inc. team which handled the recent sale of our Ventura warehouse facility to Pacific Prime Properties, to let you know that we very much enjoyed working with you on the transaction. Throughout the deal, Pacific Prime was easy to work with, and we were able to conclude a transaction that was good for both buyer and seller. Pacific Prime's professional approach and its ability to close the purchase on a cash basis facilitated a smooth conclusion to the deal. We wish you continued success on your acquisitions."

"Your immediate response to the tenant issues over the last five years has made our life much easier. During my 30 years in business with dozens of leases and landlords, I would have to rate your firm as the exception to the rule. You have spoiled us and we appreciate it."

"Congratulations of the closing on the property at 375 Conejo Ridge Avenue.... I also wanted to take this opportunity to tell you that it was a real pleasure to work with you on this transaction. I appreciate your straightforward manner and the integrity with which you carried out this transaction. I certainly hope we have an opportunity to work together again in the future."

"I would like to thank you for your diligence and professionalism during the process of your recent purchase of our facility. Although the closing of the transaction was relatively short, you were able to meet all of your obligations, address the issues, do what you said you would do, and effectuate the timely close. The sale leaseback process, which can be burdensome at times, was smooth and seamless from start to finish. We appreciate doing business with you and look forward to the prospect of further business, if and when it is appropriate."

"Congratulations on your acquisition of Century Freight Center. We were quite pleased with your performance as a buyer in this transaction. Your representations to us regarding your ability to complete this purchase on an "all cash" basis and in a timely manner were substantiated. As a result, this transaction proceeded very smoothly. It is evident that we chose the right buyer from amongst the many who submitted offers to purchase this property. If the situation arises again, we will be happy to consider you for future purchases."

"Carmichael has enjoyed a favorable business relationship with Pacific Prime Properties over the past three years. We have found them to be professional property owners that are accessible and responsive to our requests."

"Now that your acquisition of the referenced 112,000 square foot building has closed, I would like to take this opportunity to add to your collection of accolade letters from Sellers and Tenants. I made the right choice in bringing to you the opportunity to pursue this acquisition before the property actually hit the market. You readily recognized the value, understood what needed to be done to seize the opportunity, and proceeded without delay. In a timely manner, you diligently and expeditiously did everything a real buyer should be doing and performed on your commitments.

I thoroughly enjoyed working with you on this very challenging transaction and look forward to working with you again in the future."