THOMAS F. BYRNES, JR.

Mr. Byrnes has over 40 years experience as a manager and developer of commercial real estate projects. He graduated from Stanford University in 1967, and has been a licensed California real estate broker since 1971. He has also held the Certified Shopping Center Manager designation of the International Council of Shopping Centers since 1972. Mr. Byrnes has negotiated leases for over one million square feet of commercial space, arranged $105 million of construction and long-term financing, including Urban Development Action Grants and Industrial Development Bonds, and arranged for investment property sales of $75 million. He has been responsible for the development and redevelopment of fifteen office buildings totaling one million two hundred thousand square feet; six shopping centers totaling approximately four hundred-fifty thousand square feet; and six rehabilitation and remodeling projects, and a 25 acre medical center and hospital.

Shopping centers he has developed and/or managed include:

Jack London Gateway: Oakland, California
Hopyard Village: Pleasanton, California
Silverado Plaza: Napa, California
Virginia Hills: Pleasant Hill, California
Diamond Heights: Pleasant Hill, California
Encina: Walnut Creek, California
Northgate One: San Rafael, California
Northgate Three: San Rafael, California
Roseville Square: Roseville, California
Vintage Railroad Center: Yountville, California

Office buildings he has developed include:

Rialto Building: San Francisco, California
965 Mission: San Francisco, California
Financial Center Building: Oakland, California
The Leamington Office Tower: Oakland, California
Jefferson Gables: Napa, California
Smith Tower: Seattle, Washington
Rancho Springs Medical Center: Murrieta, California
Hancock Medical Center: Murrieta, California

Retail developments have involved completing leases with the following major corporations:

Lucky     Bank of America
Bistrin’s    Safeway
Hibernia Bank     Lyon’s
Payless     Civic Bank
Long’s     Handyman
Western Union     Ebtel Credit Union

Major office leases and build-to-suit buildings include these clients:

Kaiser Health Plan    Federal Aviation Administration    Sharp Hospital
Congoleum    Blue Cross    Universal Health Systems
United States Post Office     Raytheon     Tenet Health Care
Fireman’s Fund     Equitable Life     Children’s Hospital of San Diego
Allstate     Japan Airlines     Mutual of New York
Children’s Hospital of Orange County        N. L. Industries
Anthony Schools     State Farm    
Norton     PacifiCare     San Diego Cardiac
Canada Life     Pacific Telephone     Health South
Coca-Cola     Digital Telephone     Western Union
Liquid Air     General Electric     Southwest Cancer Care
Manpower     State of Massachusetts
Hyatt     Amfac Industries

Consulting Clients include:

Tenet Health Systems
Sharp Hospital
Pacific Care
Kaiser Health Plan
Lutheran Hospital

Mr. Byrnes has managed shopping centers, office buildings, medical properties and agricultural properties and has been responsible for all phases of management and development, including investment analysis, land acquisition, preparation of environmental reports, government permits, appraisals, equity funding, construction management, leasing, ongoing management and operations, and sales negotiations. His company, Portfolio Property Investors, Inc., founded in 1979, is primarily an investment, management, and developmental firm, but also acts as real estate consultants to several major corporations. In connection with the projects, he has organized and been a general partner of limited and general partnerships with a cash equity totaling approximately $65 million. Mr. Byrnes also served as an instructor and seminar leader for the northwest Center for Professional Education on the subject of shopping center investment analysis.

Both Mr. Byrnes and Portfolio Property Investors, Ltd. have served institutional lenders and private investors as a receiver/trustee for commercial and residential and income property. Individually Mr. Byrnes served on the Financial Advisory Committee of the Ross School District and is the elected Mayor of the Town of Ross.

PPI Projects

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