Appraisal Institute Fall Real Estate Conference

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Appraisal InstituteFall Real Estate Conference

• Thomas AbbottSenior Vice President
• Capital Markets Investment Properties
  SeattleCB Richard Ellis
• December 1, 2009

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ProLogis Portfolio Northwest
Recorded Sales
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Words from the National NAIOP Conference
Kick the Can Down the Road
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Sales and Cap Rate History
Seattle/Puget Sound Industrial gt5 Million
Source CoStar
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Key Underwriting Assumptions

• Credit
• Lease Term
• Contract Rents/Market Rents
• Exit Caps
• Renewal Probability
• Concessions

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Looking Forward
Panama Canal
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Looking Forward
Panama Canal
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Looking Forward
Port Growth Projections
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Looking Forward
Howard Hanson Dam
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Looking Forward
Howard Hanson Dam
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Appraisal InstituteFall Real Estate Conference

• Thomas AbbottSenior Vice President
• Capital Markets Investment Properties
  SeattleCB Richard Ellis
• December 1, 2009