Following is a summary of general investment criteria:

1. Price
2. Site Plan:	Identify tenant locations, if possible
3. Map:	Information on trade area competition and demographics
4. Rent Roll:	Tenant name Individual tenant GLA Lease commencement and termination date and options to extend Minimum rent and rent escalation schedule during the initial term and option periods Percentage rent provisions and breakpoints Expense stop information for CAM, taxes and insurance Major tenant sales information for past three years Detail on vacant space and pads
5. Operating Expenses:	CAM Taxes Insurance Other
6. Loan(s):	Name of lender (Original and Current Loan Balance) Interest rate Amount of loan payment Original amortization term and due date Lock-in and pre-payment provisions Terms and cost of loan assumption

Generally, Donahue Schriber is interested in acquiring anchored centers with a minimum GLA of 75,000 square feet and a minimum value of $7 million. However, these parameters are readily adjusted to account for any value-added opportunity component.

Donahue Schriber is interested in anchored retail centers, including neighborhood, community and power centers. The preference is for grocery anchored projects, but other types of anchors will be considered.

The preference is for all-cash transactions, but properties with existing debt will also be considered. Due to the private nature of the company, other creative structures can be considered, such as those designed to defer taxes. The use of Donahue Schriber partnership units or shares will be considered on a case by case basis.

Donahue Schriber's strategic geographic focus is the Western states with a current emphasis on California, Arizona, Nevada and Oregon. The company will consider properties outside of this area, especially if the investment represents a significant acquisition or is a portfolio of properties that would give Donahue Schriber an immediate presence in a new market. Properties located in secondary markets and smaller communities will be considered.

The company will be aggressive for the right situation. Generally, Donahue Schriber expects to acquire properties at yields reflecting current market returns while considering the individual property's risk profile and upside potential through growth in rental income and/or value enhancement.