Hol l iday Fenogl io Fowler, L .P. act ing by and through Hol l iday GP Corp. a Cal i forn ia l icensed rea l estate broker Cal i forn ia L icense Number 01385740 (“HFF”) .

8560 - 8590 WEST SUNSET BOULEVARD | WEST HOLLYWOOD | CALIFORNIA

I C O N I C M I X E D - U S E I N V E S T M E N T O F F E R I N G

2

THE SUNSET

Holliday Fenoglio Fowler, L.P. (“HFF”), as the exclusive advisor, is pleased to present the rare opportunity to acquire a 100% fee simple interest(1) in The Sunset, an iconic 178,699 square foot mixed-use property located on the world famous Sunset Boulevard in the heart of West Hollywood, California. As one of the premier experiential mixed-use destination campuses in West Los Angeles, The Sunset (the “Property” or the “Building”) encompasses 2.22 acres and boasts a preeminent 10-story, 71,875 square foot Class A office tower (the “Office Tower”) with a 2-level, 25 stall subterranean parking garage, a three building high-end retail and office complex (the “Retail Plaza”) totaling 106,824 square feet and a 4-level, 906 stall shared underground parking garage. The total available parking spaces to the Property is 931 stalls resulting in a parking ratio of 5.21:1,000 SF. Currently 90.4% leased, The Sunset provides a unique diversification of cash flow attained through the commercial retail and office component, parking and billboard/signage advertising opportunities.

The rapidly urbanizing Sunset Strip, L.A.’s equivalent of Times Square, has experienced an unprecedented explosion of upscale residences, shopping, dining, and hotel development benefiting the Property. Boasting nearly 420 feet of street frontage on Sunset Boulevard combined with its central West Hollywood location, contributes to the Property’s brand as a world class mixed-use experiential destination, featuring some of the world’s most recognizable brands in fashion and health/fitness, such as Equinox, SoulCycle, H&M, and Oliver Peoples. The walkable amenity base and unique position within an evolving market will solidify The Sunset as an ideal location for office and retail tenants alike.

(1) Tall wall signages on the office tower are subject to an easement and excluded from this offering .

3

PROPERTY OVERVIEW

% of NRA: 25.7% % of NRA: 10.1% % of NRA: 8.2% % of NRA: 7.9%

% of NRA: 4.1% % of NRA: 4.0% % of NRA: 3.3% % of NRA: 2.3%

MAJOR TENANT SUMMARY

OFFICE TOWERADDRESS NET RENTABLE AREA YEAR BUILT/RENOVATED PARKING STALLS # OF STORIES % LEASED

8560 West Sunset Boulevard 71,875 SF 19632001 (Full Renovation)/2007 25 10 79.6%

RETAIL PLAZAADDRESS NET RENTABLE AREA YEAR BUILT/RENOVATED # OF STORIES % LEASED

8570 West Sunset Boulevard 43,603 SF 2002/2007 2 97.8%

8580 West Sunset Boulevard 7,126 SF 2002/2007 1 100.0%

8590 West Sunset Boulevard 56,095 SF 2002/2007 2 97.3%

Retail Plaza Totals: 106,824 SF 906(1) 97.7%

Property Totals: 178,699 SF 931 90.4%

(1) Parking is subject to easement and parking agreements.

INVESTMENTSUMMARY

4

ICONIC EXPERIENTIAL MIXED-USE ASSET • As companies continue to use real estate as a recruitment and retention tool to attract

the best of the best talent, The Sunset offers an unrivaled mixed-use experiential campus in an iconic location within walking distance of everything the famous Sunset Strip has to offer.

• The Office Tower has undergone a multi-million dollar capital renovation, including a new exterior skin designed by the renowned Nadel Architects. The 10-story Class A office tower features incredible views from the Pacific Ocean to Downtown Los Angeles, modern finishes and upgraded lobby, flexible floor plates and has been awarded an Energy Star label for four consecutive years. Additionally, in 2013 the building earned a LEED Gold certification.

• The Retail Plaza is anchored by Equinox and consistently ranks as one of their best performing gyms nationally. Additional tenants include H&M, which is the second largest global clothing retailer, SoulCycle and Café Primo. In addition to the retail space, H&M utilizes a portion of the second floor plaza space as their West Coast real estate headquarters and showroom.

WORLD FAMOUS ADDRESS, DEEP AMENITY BASEThe billboard-lined Sunset Strip has evolved into the top nightlife destination in Los Angeles and features a premier collection of restaurants, stores, bars and nightclubs frequented by celebrities and socialites alike.

PROXIMITY TO AFFLUENT DEMOGRAPHICSThe Sunset’s central West Hollywood location adjacent to Beverly Hills, proximity to entertainment giants and affluent surrounding demographics has attracted a critical mass of talented young workers into the market, giving businesses in the area a competitive advantage. Hollywood Hills, an affluent neighborhood popular with celebrities, achieves average home prices over $5MM, with some neighborhoods averaging $20MM and current listings exceeding $70MM.

SIGNIFICANT PUBLIC AND PRIVATE INVESTMENT

Over $1.2 billion in recently completed, ongoing and planned developments exist within walking distance of The Sunset. Notably Sunset La Cienega, located adjacent to the Project, will feature two 10-story hotel towers totaling 296 keys and two 8-story luxury residential towers with nearly 190 units.

$103,8972015 Est. Avg.

Household Income

232,656Population

59%% Bachelor Degree

or Higher

$2,000,000Average Home Price

1,566Number of Home Sales

Over $2 million

54%

18%

28%

OFFICE

RETAIL

LUXURY GYM

TOTAL RENTABLE SQUARE FOOTAGE

COMPONENT DETAIL

5EXECUTIVESUMMARY

1.9% 7.0%

3.3%

10.8% 15.4%

13.1%

29.8%

4.1%

$4.21

$5.59 $6.47 $6.99

$5.22 $5.16 $5.87 $5.31

$8.47

$5.06 $5.57

$6.98 $7.46 $7.80 $6.97 $7.97

$6.23

$9.05

0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%

$0.00$1.00$2.00$3.00$4.00$5.00$6.00$7.00$8.00$9.00

$10.00

Rent

(PSF

/Mos

. FSG

)

% RSF Expiring (Re-measured) Gross Rent Upon Expiration Market Rent

% o

f SF

Expi

ring

GROSS RENT (UPON EXPIRATION) VS. MARKET RENT

ROBUST LEASING MOMENTUMSince 2014, the West Hollywood office market has experienced significant net absorption of over 400,000 square feet, totaling +/- 16% of the Class A inventory. With minimal office supply under construction, office market fundamentals are forecasted to remain vigorous with current office rents rivaling Downtown Santa Monica and the Beverly Hills Triangle.

HIGHLY DESIRABLE BILLBOARD AND SIGNAGE ADVERTISEMENT SPACE(2)

The Sunset presents a unique opportunity to drive value through signage revenues. The Property features numerous, highly visible, signage options in one of the nation’s most prominent advertising markets, aptly considered the “Times Square” of the West Coast.• The Sunset Strip ranks as the 5th most visited tourist destination in L.A. with over 1 million visitors per year who spend nearly $1 billion annually in West Hollywood.• Over 105,000 vehicles pass in front of the Property each day.• Potential additional digital and billboard development exists .

DIVERSIFIED CASH FLOW WITH UPSIDE POTENTIAL• Only 12.3% of tenants in occupancy expire through March 2020, providing investors a stable near-term and diversified income stream.• An immediate value-add opportunity exists through the lease-up of the 17,143 square feet of vacant space.• A total of 69.1% of the existing tenants expire between 2020-2023 with weighted average in-place rents 30% below market, presenting a significant mark-to-market

opportunity to generate an incremental $2.3 million in NOI.

(2) Excludes tall wall signage on the office tower

Malibu

SANTA MONICACENTURY CITY

WEST HOLLYWOOD

BEVERLY HILLS

ANDAZ (HYATT) HOTELSUNSET TOWER HOTEL

MONDRIAN HOTEL

THE PENDRY WEST HOLLYWOOD

SIERRA TOWERS

SOHO HOUSE MEMBERS ONLY CLUB & BOA STEAKHOUSE

VENICE

RAINBOW ROOM

WHISKY-A-GO-GO

KATANA RESTAURANT

SUNSET LA CIENEGA - CIM(COMING MARCH 2017)

PACIFIC DESIGN CENTER

BEVERLY CENTER MALL

BEVERLY HILLS TRIANGLE/RODEO DRIVE

PACIFIC OCEAN

SU

NSET B

LVD

.

SU

NSET B

LVD

.

Over 526,240 SF

THE JAMES HOTEL + 296 Keys + Two 10-Story Towers + Ground floor retail and restaurant 8500 SUNSET, THE RESIDENCES + 190 Upscale Units + Two 8-Story Towers + Open Air Plaza

+ Montage Resorts’ flagship lifestyle hotel + 149 Keys + 45 High-End Condos + 6k SF Digital Signage + 25k SF entertainment and dining venues + Multiple rooftop decks and lounges

THE EDITION HOTEL

+ West Coast flagship of the Edition concept + 148 Keys + 20 High-End Condos + Unique food & entertainment offerings + Full spa and nightlife venues

HOLLYWOODHILLS

CEDAR SINAI HOSPITAL

The Hollywood Hills is the premier address for high-end

residential in West Hollywood. Home prices average about $5M

with some neighborhoods exceeding $20M.

7

ONE OF THE WEST COAST ’S MOST WALKABLE C I T I ES

91WALKSCORE

ACCESS TO EXECUT IVE HOUS ING1 Minute – to Hollywood Hills

7 Minutes – to Beverly Hills10 Minutes – to Hollywood & Highland

15 Minutes – to Century City20 Minutes – to Santa Monica

(Marriott, Witkoff Group, New Valley)

8560 WEST SUNSET BLVD.OFFICE

71,875 SF

8570 WEST SUNSET BLVD.OFFICE AND RETAIL

43,603 SF

8580 WEST SUNSET BLVD. RETAIL7,126 SF

8590 WEST SUNSET BLVD.RETAIL

56,095 SF

8

TALL WALL SIGNAGE (NAP)

BILLBOARD F

BILLBOARD D

BILLBOARD G

The Sunset features a total of 931 stalls for a parking ratio of 5.21 per 1,000 SF. The parking is provided in a four-level subterranean structure beneath the Retail Plaza

with 25 VIP stalls available to office tenants beneath the Tower.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a California licensed real estate broker California License Number 01385740 (“HFF”). HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

©2016 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

ATLANTA ▪ AUSTIN ▪ BOSTON ▪ CAROLINAS ▪ CHICAGO ▪ DALLAS ▪ DENVER ▪ HOUSTON ▪ INDIANAPOLIS ▪ LOS ANGELES ▪ MIAMI ▪ NEW JERSEY ▪ NEW YORK CITY ▪ ORANGE COUNTY ▪ ORLANDO ▪ PHILADELPHIA ▪ PHOENIXPITTSBURGH ▪ PORTLAND ▪ SAN DIEGO ▪ SAN FRANCISCO ▪ TAMPA ▪ WASHINGTON D.C.

I N V E S T M E N T A D V I S O R S

RYAN GALLAGHERSenior Managing Director949.798.4100rgallagher@hfflp.comCA Lic. # 01269918

ANDREW HARPERDirector310.407.2139aharper@hfflp.com CA Lic. # 01319640

TIM GEIMANDirector949.798.4109tgeiman@hfflp.comCA Lic. # 01921744

MICHAEL LEGGETTSenior Managing Director415.276.6924mleggett@hfflp.comCA Lic. # 01056334

MICHAEL MATCHETTAnalyst310.407.2132mmatchett@hfflp.comCA Lic. # 01960206

L E A S I N G A D V I S O R S

BRIAN NIEHOUSOffice Leasing AdvisorJLL | Senior Vice President310.595.3824brian.niehaus@am.jll.comCA Lic. # 01836528

BRYAN LEYManaging Director310.407. 2120bley@hfflp.com CA Lic. # 01458927

MITCHELL HERNANDEZRetail Leasing AdvisorCBRE | Advisory & Transaction Services 310.363.4875mitchell.hernandez@cbre.comCA Lic. # 01875229

D E B T A D V I S O R S

TODD SUGIMOTOManaging Director310.407.2111tsugimoto@hfflp.comCA Lic. # 01264139

PAUL BRINDLEYSenior Managing Director310.407.2112pbrindley@hfflp.comCA Lic. # 01173794