AFFILIATED COMPANIES

Zaragon Holdings, Inc.

Zaragon Holdings, Inc. (ZHI) performs asset management services and coordinates lender related matters as to all real estate transactions. ZHI also interacts with investors, ZMC and ZBL as to all properties within the Zaragon portfolio.

Zaragon Management Corp.

Zaragon Management Corp. (ZMC) provides on-site management for all properties. ZMC operates each asset from the Chicago home office employing on-site personnel to execute all corporate policy.

Zaragon Brokerage and Leasing Corp.

Zaragon Brokerage and Leasing Corp. (ZBL) is responsible for all leasing and brokerage aspects of the operation. ZBL handles landlord representation, tenant representation and brokerage of the apartments, mobile homes, office and industrial properties. ZBL works not only on the Zaragon portfolio, but also does leasing and brokerage for third party owned properties.

McAndrew, Phillips & Company

McAndrew, Phillips & Company (MPC) is the affiliate which procures financing for any transaction requiring debt. MPC works directly with lenders and through mortgage bankers to create the most flexible and advantageous debt or debt/equity structures used to finance new acquisitions. MPC is also charged with the refinancing of existing debt on all assets associated with the Zaragon portfolio.

Lancelot Equities, Inc.

Lancelot Equities, Inc. (LEI) purchases environmentally challenged real estate. Once acquired, these properties are environmentally corrected, repositioned and sold. Typically, industrial sites in urban areas are chosen for this repositioning.

Zaragon Development Corp.

Zaragon Development Corp. (ZDC) is involved in purchasing vacant land for future development. Generally, properties acquired by ZDC are subsequently improved, zoned and built out. Thereafter, these properties are either held in the Zaragon portfolio or sold to third parties.