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CBRE REAL ESTATE MARKETING AND BROKERAGE SERVICES PROPOSAL <br />TEAM RESUMES - LAND SERVICES GROUP <br />RICHARD PALMITER <br />Vice President <br />Recovery and Restructuring Services <br />Land Services <br />T: 952.924.4603 <br />F: 952.831.8023 <br />richard.palmiter@thre.com <br />CLIENTS REPRESENTED <br />• Alerus Financial <br />• Assured Financial <br />• Bank of America/US Trust <br />• Bremer Bank <br />• Centex <br />• Chrysler LLC <br />• Citizens Bank <br />• DR Horton <br />• Duke Realty <br />• FDIC <br />• Ford Motor Co. <br />• HSBC <br />• Individual Land Owners <br />• K. Hovnanian <br />• Klein Bank <br />• Kraft Foods North America, Inc. <br />• Lakeland Financial <br />• Lennar <br />• Lyman Lumber <br />• M&I Bank <br />• Mattamy Homes <br />• Meritex Enterprises <br />• Minnwest Bank <br />• Pulte Homes <br />• Ryan Companies <br />• Shelard Group <br />• SPENSA Development <br />• SuperValu <br />• Trimont Asset Mgmt. <br />• US Bank Trust <br />• Wells Fargo <br />PROFESSIONAL EXPERIENCE <br />Richard Palmiter is a Vice President serving the Minneapolis — St. Paul Metropolitan area at CBRE. <br />Currently, he represents banks, investors, developers, and landowners in their sale/purchase of special <br />assets and REO (Real Estate Owned) assets. <br />Mr. Palmiter provides leadership for the following business lines: <br />• Brokerage Services: Provides strategic, integrated and comprehensive commercial real estate <br />services for property owners and industries in the office, industrial, residential, and retail sectors. <br />• Land Services: Provide extensive knowledge of local market conditions, competitive land parcels, <br />and the regulatory environment to assist land owners and developers in forming a strategy for <br />maximizing the value of their real estate holdings. <br />Mr. Palmiter has more than 20 years of experience in real estate and finance. During the past two <br />years, he has successfully facilitated transactions with the FDIC, national and regional banks, national <br />builders, investors seeking sound investment opportunities, and companies that are downsizing and <br />parting with multiple locations. <br />Before joining CBRE, Mr. Palmiter's experience included the management and disposition of bank - <br />owned, non -performing real estate assets in the Minneapolis, MN and St. Louis, MO areas. He has <br />also managed portfolio -owned, real estate for the FDIC. More recently, he held positions as VP of <br />Acquisition and Development for both regional and national builders. These positions established <br />many professional connections with both the regulatory entities and private companies, which is vital to <br />the successful disposition of distressed properties. <br />Minnesota <br />LSG Transaction <br />Summary <br />Year <br />Total Acres <br />Total Lots <br />Value <br />2012 <br />348.9 <br />655 <br />$ 36,674,000 <br />2011 <br />609 <br />383 <br />$ 43,944,000 <br />2010 <br />1173.2 <br />167 <br />$ 34,517,000 <br />2009 <br />306.5 <br />148 <br />$ 34,690,000 <br />TOTALS <br />2437.6 <br />1353 <br />$ 149,825,000 <br />SIGNIFICANT TRANSACTIONS IN 2012 <br />Client I <br />I Location <br />Description <br />HSBC <br />Minneapolis, MN <br />Former Jaguar Dealership on 2.44 ac - Redevelopment project into <br />apartment complex above Whole Foods store <br />Investor/Developer <br />Woodbury, MN <br />90 single family lots in Dancing Waters <br />Wells Fargo <br />Lakeville, MN <br />81 acres platted for 149 single family lots <br />Hearthstone Financial <br />Various - Metro <br />Listed and Sold portions of 10 land assets in the former Rottlund <br />Homes Portfolio <br />Aggregate Industries & <br />Hearthstone Financial <br />Maple Grove, MN <br />Facilitated deal amongst 2 property owners and city approvals for <br />new concept plan of 206 Units on 32 acres in the High Grove <br />CREDENTIALS <br />Professional Affiliations / Accreditations <br />Sensible Land Use Coalition <br />Twin Cities Builder's Association <br />Developers Council of the Twin Cities <br />Minnesota Commercial Association of Real Estate (MNCAR) <br />Minnesota Real Estate Broker <br />EDUCATION <br />Masters of Science in Building Design & <br />Construction from Kansas State College <br />A I CBRE <br />