BRIAN E. HAPPEL – CONSUMER AND COMMERCIAL BANKING MARKET CEO

The purpose of this letter is to provide a reference for Bill Morris and his company Morris Capital Partners. Bill has been a client of BBVA Compass for over 10 years and I have personally known him for the past 2 years. In addition, several of our bank’s advisory board directors have known Bill for many years. Until recently, we had not been given the opportunity to provide financing to Morris Capital Partners on a real estate transaction; however, approximately 18 months ago, Bill brought us an opportunity to finance the acquisition of Longview Plaza, a well located power center in Longview, Texas. We were able to provide the financing request for Bill due to highly detailed due diligence on the subject property and the straight forwardness of the request. The credit has performed as agreed and we are actively looking for additional opportunities to work with Bill and Morris Capital Partners.

PAUL L. PARKEY – FORMER SENIOR DIRECTOR REAL ESTATE FOR ABERCROMBIE & FITCH AND SVP LEASING HERRING GROUP

I have known Bill Morris since college. We both have over 30 years experience in the shopping center industry. Bill has extensive experience, ranging from acquisitions, ground up development and re-development. He has great relationships with national tenants and a solid reputation. Bill has knowledge for seizing investment opportunities and he knows how to monetize same. Bill has a history for making deals profitable and he effectively can leverage his relationships to not only source new opportunities, but also utilize his reputation and experience to attract and retain new stores. My family has invested with Bill Morris and we have full confidence in his real estate investment knowledge and experience.

LES GARRETT – FORMER WESTFIELD, THE BUCKLE, CBHL AND TRADEMARK EXECUTIVE

I have known Bill Morris for almost 10 years. Bill and I worked closely on the acquisition, redevelopment, rebranding and repositioning of La Palmara, Trademark’s highly successful mall investment with CalPERS and turned out to be one of the best investments in Trademark’s long history. Bill knows how to get things done, is highly creative and knows how to create and maintain value. Bill is comfortable and experienced negotiating major partnership agreements or tenants with large institutional capital as well as the simplest renewal. His reputation, work ethics and integrity is second to none and was one of the key factors in the success of La Palmara. I hope to work with Bill in the future as a partner, a third party partner consultant or in whatever capacity we find ourselves together.

Steve Greenberg – Senior Marketing Executive, The Retail Connection, Exclusive Real Estate Representative for Petsmart, Bed Bath & Beyond and Joanne’s

I have known Bill Morris for almost 30 years. Bill and I have worked closely on several occasions but most notably on Bradford Plaza in Stillwater, Oklahoma. Bill was able to purchase a well located shopping center across from the Oklahoma State University football stadium out of receivership. The Retail Connection was also pursuing the acquisition of the center at the same time but elected to withdraw from the running late in the game. With my deep exclusive relationships with the retailers, I was able to confidently bring those retailers, such as JoAnne’s and TJ Maxx to the table for Bill because I knew that Bill is a man of his word and does what he says he will do. Unfortunately, The Retail Connection did not acquire this asset but I am glad Bill did. Bill treats all tenants and brokers equally, with dignity and respect. This quality assures repeat business dealings with MCP both from the brokerage community and retailers alike.

Warren Creason – Exclusive Real Estate Representative for Ulta and Michaels

I have known Bill Morris for almost 10 years. Bill and I know many of the main players in the shopping center industry. Most recently Bill and I worked closely on the Ulta Cosmetics deal for Bradford Plaza in Stillwater, Oklahoma. Even though there was a miscommunication early on with the economics of the deal, which normally would have killed the deal, I vouched for Bill’s character and integrity and got the deal done. Bill was very professional throughout our dealings, did not lose his temper and most assuredly gained a repeat client with Ulta. I would gladly bring Bill other opportunities from the retailers I represent because he owns up to any mistakes he makes and quickly moves ahead in a transparent and straight forward manner.