Most real estate funds are created first, then the managers try to find properties to meet investment inflows.

The GlenHalls Development Opportunity Fund was created with several projects already identified. More specifically, it was created there are exceptional opportunities available in the very short-term. With over 30 years in real estate development Mr. Glenwinkel started his career as a licensed General Contractor in California in 1976 and has developed and overseen hundreds of projects both as a developer and as a consultant, maintaining solid profits through every market cycle including at least four significant downturns. He knows how to find the right deal and complete the projects with the highest profit margins in the industry. In addition to real estate investment, Mr. Glenwinkel runs one of the largest, independent tax offices in the country. He holds a Masters Degree in Taxation, and is an Enrolled Agent (EA) with the IRS. Everyone has heard the phrase, “It’s not what you make, it’s what you keep”, to David Glenwinkel, that is not just a phrase, it is his business model. Lori Halls has been a real estate acquisition and mortgage consultant to some of the nation’s largest institutions for over twenty years, excelling in both the selection of properties and managing the financial tailoring of each project. Mrs. Halls knows what market segments are ripe for growth and how different project types will compliment and reinforce the overall portfolio. In addition to real estate investment, Mrs. Halls runs a large private note and real estate lending program. This enables her to keep on the pulse of real estate and lending markets all over the world. Perhaps even more valuable is her experience working directly with numerous developers on a daily basis, and being able to see the “behind the scenes” reasons why they are successful or unsuccessful.

The GlenHalls Development Opportunity Fund will raise a maximum of $50 Million. With moderate leverage, that translates in to a portfolio size of $150 Million - big enough to achieve economies of scale and broad diversification across many property types and locations.

An underlying premise of the GlenHalls Development Opportunity Fund is to operate in the “Sweet Spot” of the real estate industry - or $5 to $15 Million per project. This is too big for the average real estate investor, but too small for the multi-billion dollar real estate funds, offering a unique opportunity for investors to generate significant returns on their investment.

The GlenHalls Development Opportunity Fund is being offered to select broker/dealers and advisors through a Reg-D Private Placement offering. There are several reasons for distributing the fund this way: о Less filing requirements о Fewer advisors and securities firms о Fewer number of clients These benefits provide lower operating costs, which translates in to potentially larger profits for each client. Page 4