Launched by a team of leading real estate professionals, Houston-based NewQuest Properties was formed in July 2001. In a powerful merger, Steven Alvis of Quest Properties, Jay Sears of Sears Realty Company and Kyle Lippman of Nathan, Sommers, Lippman, Jacobs & Gorman established one of the fastest-growing retail development companies in the Southwest. In May 2003, Dean Lane, formerly Vice President of Boyd Page, joined NewQuest as development partner and Director of Retail Brokerage. In October 2004, Rene Joubert, formerly Executive Vice President and Senior Managing Director of Northmarq Capital, joined the company as President and Chief Executive Officer.

NewQuest Properties has a portfolio exceeding $700 million in assets. Headquarters, on the Sam Houston Parkway in northwest Houston, serves more than 60 employees. The company’s current pipeline of projects will provide growth of approximately two million square feet during 2007.

With over 100 properties, including more than 50 retail centers, NewQuest manages every aspect of retail center development, from land acquisition, financing, design and development to leasing and property management. Combined with its own portfolio, NewQuest leases over 12 million square feet.

NewQuest's business philosophy is built upon simple tenets:

We build-to-own.
We believe NewQuest's value as a company revolves around pride of ownership equated with its asset base, not just its cash flow. For NewQuest, this means owning - not "flipping" - properties. When considering the development of a new center, we look at its long-term potential to contribute to the surrounding community, as well as its contribution to our company in recurring revenue and as an asset.

We do our homework.
From initial concept to final lease-signing, all of our acquisition and development decisions are based upon detailed analysis and clear understanding of a property's inherent value to our tenants, as well as our company. This internally-generated analysis is derived from research and extensive experience in developing commercial projects.

We are in charge.
Unlike some companies, which contract key functions, NewQuest retains control of every aspect of development from identifying prospective properties to leasing and property management. We believe this consistency and attention to direct oversight benefits each step of the acquisition and property management process. Because we are a "hands-on" company, our team is actively involved in every decision that affects the property.

We concentrate on what we know.
We know retail center development and that is our primary focus. We are especially proud of the experienced and talented professionals who have joined NewQuest. While our team members' skills are diverse and unique, their ethics, values and principles are fully shared.

We will not enter an agreement unless it makes sense and is equitable. Because our senior management is local, they are on-site and thoroughly knowledgeable about how each project will benefit the surrounding community, investors and tenants. This empowers NewQuest to move quickly to facilitate an acquisition, benefiting everyone involved, from the property owner wishing to sell, to the national retailer seeking to quickly establish a local market presence.

We are visionary.
We believe NewQuest Properties has only begun to grow. Our locations, our disciplined business philosophy and our staff of experienced professionals combine to offer remarkable opportunities for our continued expansion and prosperity, regardless of the economy.

For more information on how NewQuest Properties turns ideas into assets, visit us on the web at www.newquestproperties.com or call us at 281-477-4300.