To Our Stakeholders: This year marks Advance Realty’s 30th Anniversary as a full service commercial real estate development, investment and management company. While continuously operating in the real estate business requires a lot of perseverance and a focused business plan, the key to our longevity is the long-term relationships with our tenants, the brokerage industry, leading businesses and also the communities in which we invest. We want to take this opportunity to thank you – our stakeholders – for your ongoing contributions in helping Advance Realty reach this significant milestone in 2009. Our organization could never have made it this far without your support, guidance and involvement. Looking ahead, the company is well positioned – with more than $2 billion of signature properties and development projects in the New Jersey and Washington, D.C., markets – for a successful future of additional landmark achievements. As Advance Realty begins its next 30 years, we will continue to build on our long history of achievement for the benefit of our tenants, our communities, our partners and our shareholders. We look forward with gratitude and pleasure to continuing our valuable relationships in the exciting years ahead. Sincerely,