PROJECT U PDAT ES | A HE A D OF T HE CU RV E | COM MU NI T Y NE WS | T ENA N T NE WS | E J SPOT L IGH T

G R O U N DBreakingPROJECT U PDAT ES | A HE A D OF T HE CU RV E | COM MU NI T Y NE WS | T ENA N T NE WS | E J SPOT L IGH T

G R O U N DBreaking

SPRING 2019

Placeholder for check photoSince Bruce Etkin and David Johnson founded Etkin Johnson Real Estate Partners 30 years ago, the �rm has been – and continues to be – a driving force in the growth of Colorado’s commercial real estate industry. The key to our success? • Building and maintaining trusting relationships • Always striving to be one step ahead of the competition • Maintaining a long-term perspective

Bruce and David’s original vision was to be the leading privately held commercial real estate �rm in Colorado. Today, we maintain that vision, continually evaluating the market to capitalize on opportunities quickly and decisively.

In January, we sold the largest-ever industrial real estate portfolio in Colorado, both in terms of total square feet and price. Berkeley Partners acquired our 1.95 million-square-foot Colorado Industrial Portfolio for $247.5 million. This would not have been possible without the foresight of Bruce and David, who assembled the 19 properties along the Front Range between 1990 and 1998.

When the market softened in 1990 following the oil bust in the mid-1980s, self-proclaimed “deal junkies” Bruce and David saw an opportunity to buy existing buildings from the RTC and FDIC for about a quarter of replacement cost. Bruce’s background in construction

and development complemented David’s management and leasing acumen resulting in an ideal partnership.

“We focused our efforts on acquiring the best in�ll projects with proper loading capabilities, which led to our consistently high occupancy rates. We could not have done this without our investors who put their trust in us early in our careers and then continued to stick with us for all these years. We consider ourselves lucky to be a part of the Denver real estate community, working alongside talented individuals for so long and in a market that has been so favorable for us.” -Bruce Etkin, Chairman

Key Development Updates Supporting a Healthy ColoradoEtkin Johnson is proud to support Centura Health’s Penrose-St. Francis Health Foundation in Colorado Springs with a $250,000 donation as part of our ongoing commitment to helping local communities thrive. Penrose-St. Francis' leading-edge teams are known for delivering remarkable care, high-quality outcomes and unparalleled patient satisfaction among a wide variety of medical specialties. With their plans to build a third hospital campus directly adjacent to our 288-unit FalconView luxury apartment community, we not only want to be good neighbors, but advocates of Centura Health's important work of improving the health of Colorado.

Mayor John Suthers

AHEAD OF THE CURVE

Record Sale Ushers in New Era for Etkin Johnson

Partner Ryan Good met with Josh Bailey, President & CDO of Penrose-St. Francis Health Foundation, to discuss the foundation’s priorities for 2019 and beyond.

Crocs hosted an all-company celebration at ATRIA in February.

LOUISVILLE CORPORATE CAMPUS: LOUISVILLE, COCOLORADO TECHNOLOGY CENTER

3-building, 400,000 SF industrial/�ex campus136,610 SF 700 Tech Court delivered Q4 2018

ATRIA: BROOMFIELD, CO

88,293 SF south

building leased to

Crocs

Conga to occupy

north building

Spring 2019

FALCONVIEW: COLORADO SPRINGS, CO

288-unit luxury

apartment

community

Clubhouse and

�rst apartment

building to deliver

Q3 2019

2035 TAYLOR AVENUE: LOUISVILLE, COCOLORADO TECHNOLOGY CENTER

109,386 SF FedEx

distribution facility

Delivered Q4 2018 Crocs HQ Will Relocate to ATRIAWhen we developed ATRIA, we set out to create a progressive, amenity-rich work environment for leading companies that value putting their employees �rst. Enter, Crocs. A world leader in innovative casual footwear, Crocs will be moving their global headquarters from Niwot to ATRIA in Broom�eld. Crocs will occupy the entire 88,293-square-foot south building of the

ATRIA campus, which is also home to Conga. We look forward to supporting Crocs’ continued growth in Colorado.

This is an exciting time to be at Crocs, and just like our iconic product, this best-in-class new headquarters will help our employees

be comfortable in their own shoes.

Andrew Rees, President and CEO of Crocs

1512 LARIMER STREET | SUITE 100 (BRIDGE LEVEL) | DENVER, COLORADO 80202 | 303.650.6500 | ETKINJOHNSON.COM

DLR GROUP

1989Talk about timing! Etkin Johnson

was established the same year as the U.S. government formed the

Resolution Trust Corporation (RTC) to liquidate the real estate assets

of the defunct savings and loans associations.

1998Etkin Johnson acquired an industrial portfolio and two

shopping centers. The company’s superior property management and long-term

tenant relations continued to lead the market.

1996-1997Nine more diverse properties including industrial, �ex and retail centers were acquired.

2019After nearly 30 years of managing these key industrial/�ex properties, Etkin Johnson sold its 1.95M SF Colorado Industrial Portfolio to Berkeley Partners for $247.5M. Original Investment = $22.5MHere’s to the next 30+ years!

1993After just four years in operation, the company had acquired nearly 20 high-quality properties including industrial, �ex, retail and condominium conversions primarily from the RTC, at prices well below their replacement costs.1994

Seven additional, strategically located business

and retail centers were acquired and quickly

repositioned as Etkin Johnson gained substantial �nancial

strength and stability.

30 Years | 19 Properties | 1 Historic SaleCOLORADO INDUSTRIAL PORTFOLIO

Looking AheadIf the past 30 years have been any indication, Etkin Johnson is on pace for continued success. As we pursue new opportunities and diversify our portfolio, we look forward to building on Bruce and David’s legacy of supporting Colorado businesses and making our state a great place to live, work and play.

1512 LARIMER STREETSUITE 100 (BRIDGE LEVEL) DENVER, COLORADO 80202 303.650.6500ETKINJOHNSON.COM