Table oF Contents

The Connell Company

History of The Connell Company

Connell Real Estate & Development Company

Connell Corporate Park

Connell Mixed Use Property Holdings

Connell Multi-Family Housing Holdings

Connell Finance Company, Inc.

Connell Equipment Leasing Company

Connell Mining Products, LLC

Founder

Grover Cleveland Connell

1885-1950

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The Connell Company, founded in 1926 as a rice trader and commodities broker, has developed into RQH�RI�WKH�ODUJHVW�GLYHUVLÀHG�SULYDWHO\�KHOG�FRUSRUDWLRQV�LQ�WKH�8QLWHG�6WDWHV��

In the company’s 85 + years in business there have been four generations of the Connell family directing the business, with three generations currently active. Current business activities of The &RQQHOO�&RPSDQ\��LQFOXGLQJ�GLYLVLRQV��VXEVLGLDULHV�DQG�DOLDWHV��LQFOXGH�LQWHUQDWLRQDO�GLVWULEXWLRQ�of mining equipment, machinery, and spare parts; the leasing of equipment, rolling stock, locomotives, barges, forklift trucks, mining equipment, and machines; and the development, management, and acquisition of real estate. The Connell Company is proud of its continuing innovation and growth, while maintaining its small EXVLQHVV�ÁH[LELOLW\�DQG�UHVSRQVLYHQHVV���$V�D�SULYDWHO\�KHOG�FRPSDQ\��&RQQHOO�LV�QRW�EXUGHQHG�ZLWK�the concerns of quarterly or annual reported earnings. This, along with the fact that the company has a large capital base with minimal corporate debt, allows it to freely target long range goals, accumulate assets and establish lasting relationships. :LWK� D� KLJKO\� PRWLYDWHG�� FUHDWLYH� DQG� SURIHVVLRQDO� ZRUN� IRUFH�� DORQJ� ZLWK� D� VWURQJ� ÀQDQFLDO�foundation, The Connell Company continues to look for new opportunities while focusing on the growth of the core business. The Connell Company’s business objective is to make sound, long term, IRFXVHG�EXVLQHVV�GHFLVLRQV�DQG�WR�LQYHVW�LWV�FDVK�ÁRZ�IURP�RQJRLQJ�EXVLQHVVHV�LQWR�VRXQG��ORQJ�WHUP�assets for future generations.

The Connell Company

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located by back window: Grover ClevelandConnell - new york, ny - Circa 1933

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1926

Grover Cleveland Connell

Founder of The Connell

Company

The Connell Company was founded by Grover Cleveland Connell in 1926, as Connell Rice & Commission Co. In the early years, Connell traded and brokered a wide range of commodities and produce to retailers and wholesalers, with its largest concentration on rice.

1946

Grover Connell Joined

Connell

After serving in the navy from 1942-46 during WWII in the Pacific as an officer on a Fletcher Class Destroyer, Grover Connell joined his father at Connell Rice in 1946. Following the death of his father in 1950, Grover Connell became president at the age of 31. Grover greatly expanded Connell’s international rice operations, eventually leading the company to become the world’s largest rice trader.

1958

Connell Rice & Sugar Co. -

Connell was a major broker

and consultant in the sugar

and commodity industry

From its founding, Connell was an integral part of the United States sugar market. In 1958, the company expanded its operations and entered into commodity consulting with commercial clients. This group also expanded into tracking and brokering other food processing ingredients and opened a Chicago area RFH�LQ�������

1965

Connell Rice & Sugar Co. -

Connell’s Tiger brand rice

being unloaded in Dakar,

Senegal, West Africa

In 1965, Connell became the largest rice trader in the world. Operating throughout the world and as a principal, Connell Rice & Sugar Co. exported domestically grown rice, as well as rice grown in the Far East and other areas, to over one hundred countries. Connell’s success in the rice industry provided Connell with a strong capital base allowing it to expand into other businesses and diversify its operations.

1979

Connell Finance Company,

,QF���������������ÀQDQFLQJ�for 88 Tri-Level Auto Racks

ÀQDQFHG�XQGHU�D����\HDU�leverage lease with CSX

Railroad.

,Q� ������ WKH� ÀQDQFLQJ� RI�eighty-eight tri-level auto rack cars for CSX was Connell )LQDQFH·V�ÀUVW�WUDQVDFWLRQ�DV�D�ÀQDQFLDO�DGYLVRU���6LQFH�WKHQ��Connell Finance has been a ÀQDQFLDO� DGYLVRU�EURNHU� LQ�over $6.5 billion worth of equipment.

1981

Connell Real Estate

& Development Co.,

development of 100 Connell

Drive

In 1981, Connell entered the real estate business with the purchase of 44 undeveloped acres in Berkeley Heights, NJ. Connell developed 100 Connell Drive on the site, a 428,000 square foot building. Connell continued to buy land surrounding 100 Connell Drive, creating what is now known as Connell Corporate Park, a 185 acre class A office park with five class A office buildings totaling over 1.5 million square feet

1982

Connell Equipment

Leasing Company

In 1982, Connell Finance Company, Inc. started leasing material handling equipment through a joint venture it established with Clark Material Handling to provide OHDVH�ÀQDQFLQJ�WR�DOO�RI�&ODUN·V�forklift customers. Shortly thereafter, Connell started providing independent OHDVH� ÀQDQFLQJ� IRU� PDWHULDO�handling equipment through its Connell Equipment /HDVLQJ� &RPSDQ\� �&(/&2��division.

1985

Connell Mining Products,

LLC

In 1985, Connell formed Connell Gatco Company, now known as Connell Mining Products, LLC, to supply mining companies located around the world with mining parts, components and equipment. Today, Connell Mining supplies mining equipment and parts to over 90 different mines, located in over 20 countries, predominately in Africa.

hISToRy oF The Connell Company

1965

Rice as key ingredient to

Anheuser Busch beer

Since its founding, Connell Rice & Sugar Co. was a large supplier of broken rice to the brewing industry. In 1965, Connell became Anheuser Busch’s exclusive provider of broken rice. Connell’s exclusive relationship with Budweiser lasted for over 30 years.

1968

Connell Foods, Inc. – A

selection of retail brands

imported by Connell Foods

From 1968 through 2000 Connell was a large importer of canned foods. Connell Foods, Inc. provided all segments of the food industry with high quality, competitively priced canned food products imported by Connell from over 50 countries. Connell maintained offices in Taiwan, Thailand and the Philippines.

1975

Connell Finance Company, Inc.

�� ������������ ÀQDQFLQJ� IRU� ����EMD MP15 Locomotives under

a 15 year lease to CP/Soo Line

Railroad Company

In 1975 Connell formed Connell Finance Company, Inc. DQG� HQWHUHG� LWV�ÀUVW� OHYHUDJHG�lease deal as a lessor. Connell acquired non-obsolescence equipment, such as rail cars, locomotive, barges, aircraft and power plants and leased them to strong, investment grade companies. At its peak, Connell’s equipment holdings included over 13,000 railcars, 900 locomotives, 23 aircraft and 250 barges.

1978

Connell Finance Company,

,QF����������������ÀQDQFLQJ�IRU�IRUW\�QLQH�������+3�SD40-2 and twenty-two GE

&�����ORFRPRWLYHV�XQGHU�D�16 year leveraged lease to

Burlington Northern and

Santa Fe Railway Company

In 1978, Connell Finance entered its first leveraged lease partnership. Over the years, Connell has jointly invested in over $375 million of equipment with partners, such as GE Capital, J.P. Morgan, Household Finance Co., Norwest Bank, Mitsui & Co., Sumitomo Corporation and Textron Financial Corp.

1996Connell Finance Company,

,QF�����������������VDOH�DQG�OHDVHEDFN�RI�RYHU�����������square feet in 15 properties for

NationsBank

In 1996, Connell was engaged by NationsBank to arrange the VDOH�DQG� OHDVHEDFN�RI����RFH�properties located in 7 states. In the early 1990’s, as traditional leveraged lease transaction became less attractive, Connell WUDQVLWLRQHG� LWV� HͿRUWV� WRZDUG�opportunities in real estate. Altogether Connell arranged DQG�RU� SDUWLFLSDWHG� LQ� DOPRVW�$1.5 billion of real estate VWUXFWXUHG�ÀQDQFH�WUDQVDFWLRQV�and retained remainderman future interests in over 230 properties, including the NationsBank properties.

2007

Connell Real Estate

& Development Co.,

Old Colony Square

at Cohasset Station,

Cohasset, MA

In 2007, Connell bought a 5 acres site in Cohasset, MA and developed Old Colony 6TXDUH�� LWV� ÀUVW� GHYHORSPHQW�project outside of New Jersey. Completed in 2010, Old Colony Square consists of approximately 33,000 VTXDUH�IHHW�RI�ÀUVW�ÁRRU�UHWDLO�plus a separate 3,400 square foot retail pad and 16, one and two bedroom, high-end residential apartments.

2010Connell Real Estate &

Development Co., Ten Wine

Lofts, Scottsdale, AZ

In 2010, Connell entered the multifamily business with the acquisition of Estates at Canyon Ridge, a 270-unit apartment complex located in San Antonio, TX and Ten Wine /RIWV��DQ����XQLW�XQÀQLVKHG�luxury condominium, which Connell completed construction on and turned into a high-end luxury apartment complex. Connell is opportunistically acquiring carefully selected, high quality, Class A multifamily apartment communities located in geographically-diverse, targeted U.S. growth markets. Connell intends to hold these properties for at least 25 years.

2012

Connell Equipment Leasing

Company

In 2012, CELCO reached the $1 billion mark, by acquiring and leasing $1 billion of equipment to its customers. Connell has achieved this funding milestone without the use of any debt. Connell Equipment Leasing Company is believed to be the largest independent financing source for material handling and airport ground support equipment in the U.S. and has achieved annual equipment purchases in excess of $100 million.

,Q�������7KH�&RQQHOO�&RPSDQ\�HVWDEOLVKHG�&RQQHOO�5HDO�(VWDWH��'HYHORSPHQW�&R���&5('��to oversee its real estate operations. CRE&D is a full service real estate company with DFTXLVLWLRQ��GHYHORSPHQW��PDQDJHPHQW�DQG� OHDVLQJ�FDSDELOLWLHV�� �&5('�DQG� LWV�DOLDWHV�have developed over 1.5 million square feet of commercial and mixed-use property. In DGGLWLRQ�� &5('� KDV� DFTXLUHG� DQG�RU� GHYHORSHG� RYHU� ����� UHVLGHQWLDO� XQLWV� DQG� KROGV�ownership positions in over 200 real estate properties nationwide, including commercial RFH��UHWDLO��UHVLGHQWLDO�DQG�PL[HG�XVH�SURSHUWLHV�

Connell Real estate & Development Co.

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Connell CoRpoRaTe paRK

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300

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In 1981, Connell entered the real estate business by acquiring a 44.5-acre site located in central New Jersey, on Interstate I-78 in Berkeley Heights. CRE&D developed 100 Connell Drive on this site, a 428,000 square foot Class A building.

Connell continued to buy land surrounding 100 Connell Drive, creating what is now known DV�&RQQHOO�&RUSRUDWH�3DUN��D�����DFUH��&ODVV�$�RFH�SDUN�ZLWK�GLUHFW�DFFHVV�RͿ�RI�,QWHUVWDWH����� �&5('�KDV�GHYHORSHG���&ODVV�$�RFH�EXLOGLQJV�LQ�&RQQHOO�&RUSRUDWH�3DUN�� WRWDOLQJ�1.5 million square feet. Connell Corporate Park also includes a 114,000 square foot Life 7LPH�$WKOHWLF�ÀWQHVV�FHQWHU��ZKLFK�OHDVHV�LWV����DFUH�VLWH�IURP�&5('���,Q�DGGLWLRQ��&RQQHOO�Corporate Park also has approvals to develop a 243-room hotel and a 281,000 square foot &ODVV�$�RFH�EXLOGLQJ�

CRE&D is extremely conservative on its development projects. As an example, CRE&D developed Connell Corporate Park using internal cash and the Park is completely debt free.

Connell Corporate park

hotel

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100

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life Time athletic

Life Time Fitness, a publicly held company listed on the NYSE, owns and operates a national chain RI� ÀWQHVV� FHQWHUV� LQ� WKH� 8QLWHG� 6WDWHV� EDVHG� RXW�of Chanhassen, MN. As part of their expansion plans, Life Time selected Connell Corporate Park as one of its initial east coast locations. Connell and Life Time entered into a long term ground lease and in 2009 Life Time Fitness opened a Life Time $WKOHWLF�EUDQG�ÀWQHVV�FHQWHU�LQ�&RQQHOO�&RUSRUDWH�3DUN���7KH�FHQWHU�RͿHUV�LQGRRU�DQG�RXWGRRU�SRROV��D�IXOO�VHUYLFH�VSD��FXWWLQJ�HGJH�ÀWQHVV�HTXLSPHQW��aerobic studios, a ‘healthy’ café and childcare. This premier facility is a great amenity to the corporate tenants of the Park, as well as to the residents in the surrounding communities.

25 Connell Drive: life Time athleticConnell CoRpoRaTe paRK

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50 Connell Drive: l’oréal

In 2008, CRE&D and L’Oreal entered into a long-term lease for the to be built, L’Oreal NJ headquarters, located at 50 Connell Drive in Connell Corporate Park. In 2009 CRE&D completed 50 Connell Drive, a 187,000 square foot Class A, corporate headquarters style building. 50 Connell Drive was designed and constructed to successfully achieve a /(('�*ROG� OHYHO�FHUWLÀFDWLRQ�� � ,Q�������DW�/·2UHDO�USA’s request, CRE&D expanded the building’s “green” features with the installation of solar canopies and roof top solar panels. The new solar canopies provide approximately 60% of the site’s total electrical needs or about 1,586,000 kWhs per year.

*LEED and the related logo are trademarks owned by the

U.S. Green Building Council and are used with permission.

200 Connell Drive

100 Connell Drive was Connell Real Estate & Development &R�·V�ÀUVW�GHYHORSPHQW�SURMHFW���&RQQHOO�DFTXLUHG�WKH������acre site in 1981 and after obtaining all necessary approvals, completed 100 Connell Drive in 1984. At the time, at 428,000 square feet, 100 Connell Drive was the largest speculative building ever built in New Jersey. When completed, AT&T leased the entire building for 17 years. After AT&T vacated the building, CRE&D completed a $7 million renovation of the building and shortly thereafter leased the entire building to multiple tenants, including AIG, which occupies over three quarters of the building.

100 Connell Drive is a four story, corporate headquarters TXDOLW\� EXLOGLQJ� ZLWK� �������� VTXDUH� IRRW� ÁRRU� SODWHV��divided by a large four story grand center atrium.

100 Connell Drive

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200 Connell DriveConnell CoRpoRaTe paRK

CRE&D developed 200 Connell Drive in 1987 and fully renovated it in 2007. 200 Connell Drive is a 343,000 square foot, multi-tenanted Class A building featuring a grand 5 story atrium, four passenger elevators, a full service dining facility DQG� ODUJH� 1RUWK� DQG� 6RXWK� ZLQJHG� ÁRRU� SODWHV���7KH�IRXUWK�ÁRRU�RI�����&RQQHOO�'ULYH�LV�WKH�ORFDWLRQ�of The Connell Company’s headquarters.

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300 Connell Drive is part of a three-building FRPPHUFLDO�RFH�UHGHYHORSPHQW�SURMHFW��WRWDOLQJ�800,000 square feet. CRE&D acquired the former 70-acre Runnell’s Hospital site in the late 1980’s, which was located adjacent to Connell Corporate Park. The addition of this site dramatically increased the size and scale of Connell Corporate Park. CRE&D demolished the former Runnell’s hospital and started redeveloping the site in 1998 with the construction of 300 Connell Drive. 300 &RQQHOO� 'ULYH� LV� DQ� HLJKW�VWRU\�� &ODVV� $� RFH�building, totaling 285,000 square feet. The building features a three-story atrium with an ornamental VWDLUZD\��ÀYH�SDVVHQJHU�HOHYDWRUV�DQG�D�IXOO�VHUYLFH�dining facility.

300 Connell DriveConnell CoRpoRaTe paRK

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400 Connell Drive

400 Connell Drive is the second of a three building redevelopment project on the former Runnell’s Hospital site, located on the western portion of Connell Corporate Park. CRE&D built 400 Connell Drive in 2001 shortly after completing 300 Connell Drive.

����&RQQHOO�'ULYH� LV�D�VHYHQ�VWRU\��&ODVV�$�RFH�building, totaling 260,000 square feet. The building features a three-story atrium with an ornamental VWDLUZD\��ÀYH�SDVVHQJHU�HOHYDWRUV�DQG�FRQQHFWLQJ�access to the full service dining facility located at 300 Connell Drive.

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250 Connell Drive: hotel Site

250 Connell Drive is an undeveloped 7-acre site located in the center of Connell Corporate Park. Connell has obtained the necessary site plan approvals to develop a new 243-room, full service hotel on the site. The hotel plans include approximately 15,000 square feet of meeting and banquet space, an upper- end restaurant and a health club.

Connell CoRpoRaTe paRK

Connell CoRpoRaTe paRK

500 Connell Drive

����&RQQHOO�'ULYH� LV� WKH�ÀQDO�SKDVH�RI�&5('·V�redevelopment project for the former Runnell’s +RVSLWDO� VLWH�� � &5('� GHYHORSHG� WKH� ÀUVW� WZR�phases in 1998 and 2001, with the construction of 300 and 400 Connell Drive. As part of the three-EXLOGLQJ�FRPPHUFLDO�RFH�UHGHYHORSPHQW�SURMHFW��this site is perfect for a prospective tenant looking for a “build-to-suit” opportunity. Construction drawings are complete and all approvals are in place for this seven-story, 280,000 square foot corporate headquarters building. Connell plans on GHYHORSLQJ�����&RQQHOO�'ULYH�WR�D�/(('�FHUWLÀHG�standard.

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Connell Corporate park : 100 Connell Drive18

Connell Corporate park : 100 Connell Drive 19

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Cohasset, ma

This quaint “New England Main Street” themed site located in Cohasset, MA is a Transit-Oriented development conveniently located next to the MBTA Greenbush Line rail station on Route 3A. It features �������VTXDUH�IHHW�RI�ÀUVW�ÁRRU�UHWDLO�VKRSV��ZLWK�VHSDUDWH�������VTXDUH�IRRW�UHWDLO�SDG�DQG�GULYH�WKURXJK�VHUYLFH����The second level of the main building consists of 16 luxury residential apartments with garage and surface parking.

Developed by Connell in 2010, Old Colony Square is “pedestrian friendly” with on site bike racks, walking paths to the train station and easy access to scenic Wompatuck State Park.

olD Colony SquaRe at

CohaSSeT STaTIon

350 lInDbeRGh ave livermore, CaConnell mIxeD uSe pRopeRTy holDInGS

1HVWOHG� LQ� WKH� 6LOLFRQ�9DOOH\�� WKLV� ÁH[� EXLOGLQJ�was designed to deliver the perfect solution for any high-tech company. The 35,000 square foot IUHHVWDQGLQJ� 5'� EXLOGLQJ� RͿHUV� ������ VTXDUH�IHHW� RI� RFH� VSDFH�� ������ VTXDUH� IHHW� RI� &ODVV�“A” clean room space and 19,500 square feet of air-conditioned warehouse space touting 20-foot FHLOLQJV���,Q�DGGLWLRQ��WKH�EXLOGLQJ�RͿHUV�D�GRFN��grade level rear warehouse access and a backup generator.

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Connell Real estate & Development

Multi-Family Housing PropertiesIn 2010, The Connell Company started acquiring, through YDULRXV� DOLDWHV�� PXOWL�IDPLO\� properties. Connell seeks capital appreciation and income generation through the ownership of high quality multi-family Class A properties with reasonable annual rates of return. Connell is looking WR�DFTXLUH�RU�GHYHORS�DVVHWV�ZLWK�VWURQJ�FDVK�ÁRZ��LQ�VWDEOH�ORFDWLRQV� ZLWK� SURMHFWHG� JURZWK� WKDW� ZLOO� EHQHÀW� IURP�LQÁDWLRQDU\� SUHVVXUHV� RYHU� DQ� HVWLPDWHG� WZHQW\�\HDU� RU�greater holding period. Connell intends to maintain each property to a high standard and to make modest upgrades as needed, allowing each property to maintain its attractiveness and maximum value. The existence of CRE&D’s development department allows Connell to acquire properties that are XQÀQLVKHG�RU�FRXOG�EH�HQKDQFHG�ZLWK�XSJUDGHV�

To date, Connell has accumulated a portfolio of multi-family properties in locations such as Seattle, Denver, Scottsdale, Charlotte, Austin, and San Antonio. Connell selected properties in these locations by thoroughly researching QDWLRQZLGH� GHPRJUDSKLF� WUHQGV�� LQÁDWLRQ� UDWHV�� VWDWHV·�ÀQDQFLDO�VWDELOLW\��DQG�RWKHU�JHRJUDSKLF�IDFWRUV�WR�EHVW�VXLW�LWV�long-term hold strategy.

Connell mulTI-FamIly houSInG holDInGS

Photos: Solera Denver, CO

This luxury, 11-story apartment building is located in downtown Denver’s modern business district on 20th and Lawrence Streets. It features 120 residential units and approximately 5,200 VTXDUH�IHHW�RI�UHWDLO�VSDFH���$FTXLUHG�E\�&RQQHOO�LQ�������6ROHUD�LV�WKH�ÀUVW�HQYLURQPHQWDOO\�IULHQGO\�EXLOGLQJ�LQ�WKH�DUHD�WR�DFKLHYH�D�/(('�*ROG�&HUWLÀFDWLRQ���

SoleRa Denver, Co

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This high-end luxury condominium project, located in the highly desirable Old Town section RI�6FRWWVGDOH�VDW�XQÀQLVKHG�DQG�YDFDQW�IRU�RYHU���\HDUV�EHIRUH�&RQQHOO�DFTXLUHG�WKH�SURSHUW\�out of bankruptcy in 2010. Connell completed construction of the property in 2011 as a high-end luxury apartment complex and stabilized the property within one year of completion.

Ten WIne loFTS Scottsdale, aZ

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San antonio, Tx

Located in the prestigious Stone Oak community of San Antonio, The Estates at Canyon Ridge total 270, Class “A” condominium-style apartments. The Estates at Canyon Ridge apartment homes average 1,200 square feet and include the award ZLQQLQJ� %LJ� +RXVH� GHVLJQ�� ZKLFK� RͿHU� SULYDWH�garages and ground level entries for each unit.

The eSTaTeS aT Canyon RIDGe

Connell mulTI-FamIly houSInG holDInGS

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austin, Tx

/RFDWHG�LQ�WKH�GHVLUDEOH�%HH�&DYH�/DNH�7UDYLV�DUHD�of Austin, Texas on the majestic Falconhead Golf Course, Falconhead Apartments is a Class “A”, 248-unit apartment community Connell acquired in 2011. As part of its acquisition strategy for the property, Connell is implementing a complete unit upgrade program, with new stainless steel appliances, stone countertops and wood style ÁRRULQJ���

FalConheaDapaRTmenTS

This high-end luxury apartment complex is located in the vibrant, %HOOWRZQ� QHLJKERUKRRG� RI� 'RZQWRZQ� 6HDWWOH�� � 9ROWD� ZDV� DQ� XQÀQLVKHG�FRQGRPLQLXP�SURMHFW�WKDW�&RQQHOO�DFTXLUHG�LQ������DQG�ÀQLVKHG�DV�OX[XU\�rental apartments. Unit features include, Siematic kitchens, hardwood ÁRRUV��VWDLQOHVV�VWHHO�DSSOLDQFHV��VWRQH�FRXQWHUWRSV�DQG�VSHFWDFXODU�YLHZV�of Puget Sound’s Elliot Bay.

volTa Seattle, Wa

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2830

1611 on laKe unIon Seattle, WaConnell mulTI-FamIly houSInG holDInGS

Located in the heart of one of Seattle’s most sought after neighborhoods of South Lake Union, this 55-unit property was acquired by Connell in 2011. Residents enjoy all the perks of “downtown living” with walking distance to top-rated restaurants, waterfront boardwalks, nightlife, shopping, art galleries and museums. As part of its acquisition strategy for the property, Connell renamed the property 1611 on Lake Union and is implementing a complete unit upgrade program, with new stainless steel appliances, stone countertops and ZRRG�VW\OH�ÁRRULQJ���

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In 2012, Connell acquired Metro 808, a 2011 built, condominium-quality, Class A apartment community. The property consists of 237 mid-rise luxury style apartments situated in a 5 story, JDUDJH�ZUDSSHG�EXLOGLQJ�� �0HWUR� ���� LV� FHUWLÀHG�to the Bronze level of the National Green Building Standard by the NAHB. Metro 808 is located immediately east of downtown Charlotte, NC, in the historically residential Elizabeth neighborhood. 5HVLGHQWV� EHQHÀW� IURP� WKH� SHUIHFW� EOHQG� RI�charming neighborhoods, trendy restaurants and entertainment venues, with proximity to 19 PLOOLRQ�6)�RI�8SWRZQ�RFH�VSDFH�DQG�3UHVE\WHULDQ�Hospital all being within 1.5 miles of Metro 808.

ChaRloTTe, nC metro 808

volta, Seattle 33

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Connell Finance Company, InC.

asset Remarketing GroupBeing privately held, Connell has a goal of maximizing overall SURÀWV� RYHU� WKH� ORQJ� WHUP�� QRW� TXDUWHUO\� RU� DQQXDOO\�� 7KHUHIRUH��we take positions in assets we believe will hold their value well beyond their original lease terms. With a focus on residual earnings, it is critical for us to have portfolio management and remarketing expertise in assets in which we have an interest. &RQQHOO� )LQDQFH� KDV� RU� KDV� KDG� VLJQLÀFDQW� LQWHUHVWV� LQ� VXFK�assets as real estate, power plants, locomotives, rolling stock, barges, and commercial and corporate aircraft. These positions have originated through direct investments in long-term leases, remarketing assignments, and portfolio management for third parties.

&RQQHOO� )LQDQFH� DQG� LWV� DOLDWHV� KDYH� EHHQ� DFWLYH� LQ� YLUWXDOO\�DOO� DVSHFWV� RI� WKH� DVVHW�EDVHG� ÀQDQFH�� HTXLSPHQW� OHDVLQJ�� SURMHFW�ÀQDQFH��DQG�UHDO�HVWDWH�ÀQDQFLQJ�PDUNHWV�IRU�PRUH�WKDQ�WKLUW\�ÀYH�\HDUV��7KH�FRPSDQ\�KDV�IRFXVHG�LWV�HͿRUWV�LQ�WKH�IROORZLQJ�DUHDV������DV�DQ�HTXLW\�RZQHU�� LQ� OHYHUDJHG�DQG�VLQJOH� LQYHVWRU� OHDVHV�RI�real estate and large ticket capital equipment such as locomotives, DLUSODQHV��UDLOFDUV�DQG�SRZHU�SODQWV������V\QGLFDWLRQ�SODFHPHQW��WR�other investors, in connection with transactions in which Connell ERWK�SDUWLFLSDWHV�LQ�DV�ZHOO�DV�PDQDJHV������DGYLVRU\�RU�DUUDQJHU��WR�other investors, in connection with transactions in which Connell manages but does not participate. Since 1975, Connell Finance KDV�DUUDQJHG�DQG�RU�SDUWLFLSDWHG�LQ�RYHU����ELOOLRQ�RI�DVVHW�EDVHG�ÀQDQFLQJV��RI�ZKLFK�DSSUR[LPDWHO\������PLOOLRQ�WKH�FRPSDQ\�KDV�participated in directly as an investor.

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Connell equipment leasing Company

&RQQHOO�(TXLSPHQW�/HDVLQJ�&RPSDQ\��&(/&2��KDV�EHHQ�SURYLGLQJ�VLQJOH�LQYHVWRU�OHDVH�ÀQDQFLQJ�IRU�material handling equipment to high quality domestic and international companies since 1982. Lease terms for this business average only about 5 years, so CELCO is an excellent short term investment vehicle to complement The Connell Company’s longer term investments in real estate and heavy equipment leasing. CELCO has tens of thousands of pieces of equipment on lease throughout the United States, Canada, Mexico, Jamaica, United Kingdom, Germany, France, Spain, Belgium, Iceland and Norway. &(/&2�LV�EHOLHYHG�WR�EH�WKH�ODUJHVW�LQGHSHQGHQW�ÀQDQFLQJ�VRXUFH�IRU�PDWHULDO�KDQGOLQJ�HTXLSPHQW�DQG�airport ground support equipment in the U.S. and has achieved annual equipment purchases in excess of $100 million.

Typical material handling equipment owned and leased by CELCO includes forklifts, cranes, wheel ORDGHUV��WUDFWRUV��GR]HUV��SHUVRQQHO�FDUULHUV��DHULDO�OLIWV��UDLOFDU�PRYHUV��VZHHSHUV�VFUXEEHUV��DQG�DLUOLQH�ground support equipment such as baggage tugs, belt loaders, container loaders, deicers, and jet tows.

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Holds All Transactions: CELCO has no debt and uses internal cash to fund all transactions. Since the company does not sell or OHYHUDJH�WUDQVDFWLRQV��LWV�FXVWRPHUV�EHQHÀW�IURP�FRQWLQXLW\�DQG�PD[LPXP�ÁH[LELOLW\�GXULQJ�WKH�OHDVH�term and at lease expiration.

��1RW�0DQXIDFWXUHU·V�$OLDWH��&(/&2�LV�QRW�DOLDWHG�ZLWK�DQ\�PDQXIDFWXUHU��QRU�GRHV�LW�KDYH�DQ\�DOOLDQFHV�ZLWK�HTXLSPHQW�YHQGRUV���7KLV�LQGHSHQGHQFH�JLYHV�LWV�FXVWRPHUV�WKH�DELOLW\�WR�ÀQDQFH�DOO�HTXLSPHQW�QDWLRQZLGH�ZLWK�RQH�OHDVLQJ�company, regardless of equipment make, model or dealer.

In-depth Knowledge of Equipment: CELCO has been in the material handling leasing business for over 30 years, and over that time has JDLQHG�H[WHQVLYH�HTXLSPHQW�NQRZOHGJH���&(/&2·V�UHPDUNHWLQJ�VWDͿ��L�H���WKH�SHRSOH�WKDW�ZLOO�XOWLPDWHO\�sell the used equipment, helps the company set accurate and realistic residual values to establish lease rates for new lease proposals so there are no surprises at lease expiration.

Connell equIpmenT leaSInG Company

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CelCo Warehouse

In 2012 Connell purchased and refurbished an 80,000 square foot warehouse outside of Detroit in Shelby, MI and moved its inventory from a nearby 50,000 sf warehouse WKHQ� XQGHU� OHDVH�� � &(/&2� XWLOL]HV� WKH� SURSHUW\� WR� UHSDLU�� VWRUH� DQG� SUHSDUH� RͿ�OHDVH� HTXLSPHQW� IRU� VDOH�� � &(/&2·V� H[SHULHQFHG� LQWHUQDO� UHPDUNHWLQJ� VWDͿ� VHOOV�approximately 3,000 pieces of used equipment annually, and this facility is enables CELCO to maximize used equipment sale proceeds.

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CELCO has leased over $8.5 million of equipment to Alcoa Fjardaal �´$OXPLQLXP� RI� WKH� )MRUGVµ� LQ� ,FHODQGLF��� 7KH� ,FHODQGLF� VPHOWHU� EHFDPH�operational in 2008 and draws 100% of its power from renewable hydroelectric power. As Alcoa Fjardaal’s exclusive lessor for material handling equipment when the facility opened, CELCO leased all forklifts, tow tractors, wheel loaders, bucket trucks, sweepers, anode haulers, bath tapping vehicles, ladle transport vehicles, and remote controlled underpot vehicles in the facility.

Connell equipment leasing Company

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Connell mining products, llC

Connell Mining Products LLC is a leader in supporting the global mining LQGXVWU\�²�RͿHULQJ�DQ�H[WHQVLYH�DUUD\�RI�VXSHULRU�SURGXFWV�DQG�VHUYLFHV�IRU�more than 25 years.

Formed in 1985, Connell Mining began as a supplier of equipment and components to the copper mines of Zaire, Africa. Today, Connell Mining is one of the largest providers of products and services to the mining industry, supporting over 100 customers throughout Africa, the America’s, Asia and Australia.

The Connell Mining product line includes:�� Ground Engaging Tools�� Specialty Wear Steels�� Undercarriage�� Rock Drilling Tools�� Crusher Wear Components�� Generator Sets�� Components for Heavy Mobile Equipment.

Connell Mining’s in house Supply Chain manages procurement, warehousing, logistics and quality assurance with the latest in distribution technology.

Connell Mining’s team of experienced service personnel delivers innovative solutions, grounded in industry best practices, to lower maintenance costs and increase production. The Connell Mining Service team tailors each SURMHFW�WR�WKH�VSHFLÀF�QHHGV�RI�WKH�FXVWRPHU�²�IURP�FRPSOHWH�RQ�VLWH�ZHOGLQJ�maintenance contracts to individual training programs.

&RQQHOO�0LQLQJ�FRQWLQXHV�WR�JURZ�DV�LW�DGGV�H[SHUWLVH�LQ�WKH�ÀHOG��H[SDQGV�its global reach and remains at the forefront of the mining industry through the latest innovation and technology.

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Field Services

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On Site Training��&RQGXFWHG�E\�$:6��$PHULFDQ�:HOGLQJ�6RFLHW\��&HUWLÀHG�,QVSHFWRU�7UDLQHUV��&RPSUHKHQVLYH�WKHRUHWLFDO�DQG�SUDFWLFDO�$:6�WUDLQLQJ�SURJUDPV��0LQH�VWDͿ�WHVWHG��WUDLQHG�DQG�FHUWLÀHG�WR�$:6�VWDQGDUGV��,PSURYHG�ZHOGLQJ�HFLHQF\��/RZHU�PDLQWHQDQFH�FRVWV��,QFUHDVHG�HTXLSPHQW�DYDLODELOLW\��,PSURYHG�ZRUNSODFH�VDIHW\

Fabrications��7UXFN�6HUYLFH�%RGLHV��7UDLOHUV��&XVWRPL]HG�IDEULFDWLRQV

Rebuilds, Repair and Maintenance��7UXFN�%RG\�/LQHUV���%XFNHWV��([FDYDWRU�%RRPV�DQG�6WLFNV��&KDVVLV�DQG�6WUXFWXUDO��8QGHUFDUULDJHV

Quality Assurance��:DUUDQWHG�ZRUN with documentation��2(0�DSSURYHG��1'7��1RQ�'HVWUXFWLYH�7HVWLQJ� service available

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&RQQHOO� 3RZHU� RͿHUV� WKH� ODWHVW� LQ� SRZHU� HQJLQHHULQJ� E\� SURYLGLQJ� IDVW� WUDFN�� ORZ� FRVW��modular power stations and installations.

Complete Range �����0:�WR����0:�3RZHU�6WDWLRQV��&RPSOHWH�7XUQNH\�3URMHFWV��/RZ�DQG�0HGLXP�9ROWDJH��+LJK�6SHHG�'LHVHO��+)2��+HDY\�)XHO�2LO���3ULPH��&RQWLQXRXV�DQG�6WDQGE\�3RZHU���)XHO�7DQNV��7UDQVIRUPHUV��6ZLWFKJHDU��&RQVXOWDQF\

power Generation

Features��$XWRPDWLF�6\QFKURQL]LQJ��3/&�&RQWUROV��/RDG�0DQDJHPHQW��&XVWRPL]HG�'HVLJQ��'HVLJQHG�IRU�0DLQWHQDQFH�(DVH��&RPSXWHU�$LGHG�'HVLJQ��)XOO\�7HVWHG�DQG�&RPPLVVLRQHG Prior to Shipment

Connell mining products, llC

Copper mine in Zambia, africa supported by Connell mining products.

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Connell mining products, llC 47

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T H E C O N N E L L C O M P A N Y

2 0 0 C o n n e l l D r i v eB e r k e l e y H e i g h t s , N e w J e r s e y

0 7 9 2 2 U . S . A .

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