Experienced real estate advisorsproviding our clients with a clear perspective and a strategic path forward…

Murat Mayor, Ph.D., Senior Vice PresidentMeyers Research, Washington D.C.

What can we do for you? Pages 2-9

Why Meyers Research? Pages 10-14

Meyers Research is a residential real estate consulting practice and a leading dataprovider for the housing industry headquartered in Beverly Hills, CA with 7 officesin the U.S. As a trusted advisor in for-sale and multifamily markets, the companyoffers a national perspective as well as local expertise to homebuilders, land andinstitutional developers, investment and commercial banks, private equitymanagers and attorneys. www.meyersresearchllc.com

What can we do for you?

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700 studies in last two years9 Advisory offices

KB HOME RICHMOND AMERICAN HOMES WILLIAM LYON HOMES RYLAND HOMES PULTE HOMES TRI POINTE HOMES THE NEW HOME COMPANY WOODSIDE HOMES SHEA HOMES BEAZER HOMES

WARMINGTON HOMES CLAREMONT HOMES LENNAR MF BUTTE PROPERTIES TRUE LIFE COMMUNITIES INTEGRAL COMMUNITIES HOWARD HUGHES CORPORATION BROOKFIELD RESIDENTIAL CDCG

RESMARK GREYSTAR SUNCAL OAKTREE CAPITAL JP MORGAN GREYSTONE GSO

Top Tier Client List Includes;

HomebuildersDevelopersLendersFinancial InstitutionsInvestors

Why Meyers Research?

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Murat Mayor, Senior Vice President - Advisory

Murat has more than 25 years of experience in analyzing,forecasting and planning for real estate in U.S., Europe and Asia. Hedeveloped unique methodologies to interpret data and trends topropose actionable strategies. His commitment to clients is to assesseconomy, market, and consumer needs to identify best and mostcreative ways to profitably invest, develop or re-develop.

During his career, Murat was the Business Strategist ofWeyerhaeuser Real Estate Company. He had oversight of analysis,forecasting, strategy and planning at subsidiary builder andcorporate levels for 12 years. He was previously CEO of MayorGroup (Real Estate & I.T.) in Europe for 14 years. He has aneducational background with bachelors and masters in architecture,followed by a Ph.D. in architecture, and a Ph.D. in business. Murathas rich background with International Federation for Housing &Planning and Council on Tall Building & Urban Habitat since 1987.

E-mail: mmayor@meyersllc.comPhone: 202-297-152311

1985

Provider of market information to the new home industry

Meyers Group sold to Hanley Wood

meyersgroupBuilding

Knowledge.

Consulting and researchgroups grow to 14 offices in 9 statesbecoming the largestnew home data provider

2004 2006 2012

Meyers LLC joinsKennedy Wilson

Founded to focusadvisory services

Kennedy Wilson

Founded in 1977, Kennedy Wilson is a vertically integrated global real estate investment and services company headquartered in Beverly Hills, CA, with 25 offices in the U.S., U.K., Ireland, Spain, Jersey and Japan. The company, on its own or with partners, invests opportunistically in a variety of real estate related investments, including multi-family, commercial, loan purchases and originations, residential, and hotels. Kennedy Wilson offers a comprehensive array of real estate services including investment management, property services, auction, conventional sales, brokerage and research.

www.kennedywilson.com12

Kennedy Wilson Expertise

One of the largest international portfolio managers & service providers in multi-family housing

Maximize opportunities and continually create value for clients, partners & shareholders

As of Q3 2014 : $17 billion AUM (assets under management), $2.36 billion market capitalization, $24.86 per share KW Holdings on NYSE, 400 corporate employees, with over 2,000 operating associates.

• Investment in Multi-family, office, and residential property acquisitions

• Investment in note purchases

• Property services for third-party & company-owned assets

• Auction and conventional sales

• Research and investment management

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Zonda™, a Meyers Research - Kennedy Wilson innovation, is the housing industry's most comprehensive research app with real-time market data reporting, interpretive analysis and easy to use tools, all in one place and on-the-go.

www.zonda.co

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