WHO WE ARE AND WHAT WE DO

Specializing in a niche market that falls between large institutional investors on the one hand
and “mom and pop” investors on the other, PICOA, Inc. has successfully completed transactions ranging from $5 million to $50 million in
total cost. Originally established to manage and lease investment properties for Portland Investment Company of America (est. 1968), PICOA, Inc. is
headquartered in Los Angeles, CA, with an East Coast office located in Charlotte, NC (known as Portland Carolinas).

We consistently leverage the exceptional in-house skills and relationships developed by our experienced executives to the advantage of our investors by
concluding advantageous deals on both stabilized assets as well as value add opportunities. With an accumulated total of over one hundred years of real estate
experience, our executive management team consists of seasoned professionals in disciplines such as asset and property management, development, finance,
accounting and law. PICOA, Inc. has the capacity to successfully underwrite and structure a variety of real estate transactions, from the simple to the complex.

PICOA, Inc. has the ability and means to maintain its strong performance in the real estate industry. We firmly believe in the value of well structured real estate assets
and will continue to seek profitable retail and office properties throughout the United States.

"TOP 100 RETAIL REAL ESTATE OWNERS LIST"
RETAIL TRAFFIC MAGAZINE
2006 - 2009