Doubletree Raleigh-Durham Airport

March 27, 2012

Durham, NC

Hotel Acquisition
$16,500,000

The undersigned acted as Financial Advisor and Principal in this transaction

March 27, 2012

Wintergreen of Westville

December 28, 2011

New Haven, CT

Property Sale
$49,800,000

The undersigned acted as Financial Advisor in this transaction

December 28, 2011

Kelsey Gardens

October 14, 2011

Washington, DC

Property Sale
$17,200,000

The undersigned acted as Financial Advisor in this transaction

October 14, 2011

Doubletree Wilmington Downtown

September 8, 2011

Wilmington, DE

Hotel Acquisition
$12,000,000

The undersigned acted as Financial Advisor and Principal in this transaction

September 8, 2011

Sheraton Columbus Capitol Square

September 1, 2011

Columbus, OH

Hotel Acquisition and Rebranding
$19,500,000

 The undersigned acted as Financial Advisor and Principal in this transaction

September 1, 2011

Creekside Hills Apartments

August 2, 2011

Apex, NC

Property Sale
$26,350,000

The undersigned acted as Financial Advisor in this transaction

August 2, 2011

Driftwood Hospitality Management

November 17, 2010

Redemption of Financial Partner and Company Recapitalization

The undersigned acted as Financial Advisor and Placement Agent in this transaction

November 17, 2010

Kenmare Partners I

July 30, 2010

Private Equity Fund

For Investment in Real Estate Related Activities

The undersigned acted as Financial Advisor in this transaction

July 30, 2010