• 1800 W. International Drive • McLean, VA • Initial Investment Date: Jul 01, 2005 • Percent Ownership: 50 • Manager: L&B Realty Advisors, LLP This is a free-standing, approximately 45,000 sq. ft. 3-story building occupied by Crate & Barrel. The asset has 220 parking spaces. It is adjacent to Tysons Corner Center, another of the Permanent Fund’s investment properties.

1961 Chainbridge Road, Suite 105 McLean, VA Initial Investment Date: Feb 01, 1985 Percent Ownership: 50 Manager: L&B Realty Advisors, LLP This super regional mall, with approximately 2,000,000 sq. ft. of leasable space, is located in one of the strongest retail markets in the country. The mall is a tourist destination, and is rated as the preferred shopping center for …

4303 Nawiliwili Road Lihue, HI Initial Investment Date: Oct 18, 2005 Percent Ownership: 100 Manager: Heitman Kukui Marketplace is an open-air shopping center located in the City of Lihue on the island of Kauai, Hawaii. This Center was developed in 1994 as an expansion of Kukui Grove, an asset which is also owned by the APFC. Kukui Marketplace consists of …

3-2600 Kaumaualii Highway Lihue, HI Initial Investment Date: Jun 29, 2005 Percent Ownership: 100 Manager: Heitman The open-air regional shopping center is approximately 312,000 sq. ft. Kukui Grove and Kukui Marketplace are the largest shopping centers on the island of Kauai with a combined gross leasing area of about 454,000 sq. ft. It was built in 1982 and underwent a $14 million redevelopment from …

270 Dairy Road Kahului, HI Initial Investment Date: Feb 08, 2000 Percent Ownership: 100 Manager: Heitman This approximately 263,000 sq. ft. retail center is located on Dairy Road near the airport bypass, two of Kahului’s busiest thoroughfares, linking the Kahului Airport with the resort areas of Kihei, Wailea and Kaanapali.