Pera Bowles Inc C/O L&B Realty Advisors LLP

“Part VI, Section A, Line 6: The sole member of PERA Bowles, Inc. is Public Employees' Retirement Association of Colorado (COPERA), COPERA is a tax exempt pension fund that meets the requirements of section 414(d). Part VI, Section A, Line 7: COPERA has the authority to elect one or more members of the governing body/board of directors. The affairs and management of PERA Bowles, Inc. will be under the control of the board of directors. The board of directors consists of the individuals below: Amy McGarrity - Cheif Investment Offier Stacie Crown - President Carlton Johnson - Vice President Terry A. Wilson - Vice President Jennifer A. Hanson - Secretary/Treasurer The director of PERA Bowles, Inc. Amy McGarrity, is the Chief Investment Officer of COPERA. The officers of PERA Bowles, Inc. are all employed by L&B Realty Advisors (LBRA). LBRA provides investment management services to COPERA. Part VI, Section A, Line 9: The organization's mailing address is the same as L&B Realty Advisors. As such, Amy McGarrity is the only member of the board of directors who cannot be reached at the organization's mailing address. Her address is: Amy McGarrity Public Employees' Retirement Association of Colorado 1301 Pennsylvania Street Denver, CO 80203 Part VI, Section B, Line 11b: Management company, LBRA reviews the tax returns prior to filing. Copies of returns for review are provided to members of the governing body upon request. THIS REVIEW IS COMPLETED PRIOR TO FILING OF THIS FORM. Part VI, Section B, Line 15: Amy McGarrity, the Executive Director, is the only board member that receives compensation from a related organization (COPERA). A study is conducted and an independent consultant gives input to determine reasonable compensation for an employee in the Executive Director position. Once reasonable compensation is determined, the compensation committee and board of directors must grant their approval. Part VI, Section C, Line 18: The organization's Form 990 is available upon request. Part VI, Section C, Line 19: The organization does not make governing documents, conflict of interest policies, and financial statements available to the public.”

“Part VII-Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Amy McGarrity is a full time employee of COPERA. She devotes 100% of her time to COPERA as the Chief Investment Officer.”

“Pera bowles, inc. Is a 501(c)(25) organization. It was organized for the exclusive purpose of acquiring real property, holding title to and collecting income from such property, and remitting the entire amount of the income from such property (less expenses) to the shareholder of this corporation. The sole shareholder of this corporation is the public employees' retirement association of colorado. Which is a tax-exempt pension fund that meets the requirements of section 414(d). All distributions were paid to the public employees' retirement association of colorado. This shareholder received the net income of pera bowles, inc.”

“Line 9 Other Changes in Net Assets of Fund Balances: There were no contributions or distributions in 2017.”