With over 28 years of experience in property management, our staff is positioned to provide our clients with the professional attention and service their properties demand.

NAI Carolantic serves its clients' needs through attentive problem solving, a highly flexible and accurate reporting system, and a strict adherence to the owner's guidelines. We offer property owners a specialized staff of real estate management professionals experienced in handling a large portfolio of properties throughout the Triangle area.

Our clients expect significant savings when they employ our services. As managers, we strive to keep our operations fine-tuned to assure our clients' investments are profitable. We oversee our portfolio of properties as if we owned these properties ourselves.

NAI Carolantic uses the CCIM-recommended Skyline property management software to manage properties and make timely reports to its clients. In addition, NAI Carolantic has the capacity and flexibility to utilize landlord requested software systems compatible with the client's needs.

Administrative Management
Includes:

• Collection of rents
• Payment of invoices
• Handling of past due rents, initiating appropriate action
• Billing for common area expenses
• Notifying tenants of rent escalations
• Providing new tenants with all necessary information on property and lease requirements
• Annual budgeting for building (operating and capital)
• Monthly reporting to owner on building operations
• Reporting tailored to owner's need (tax depreciation, etc.)
• Meeting with owner's accountant to provide information in order to minimize fees

Physical Management
Includes:

• On-site inspections
• Supervision of subcontractors
• Solicitation of bids
• Inspection of work performed
• Interaction with tenants
• Preventive maintenance
• Securing all contracts (landscaping, janitorial)
• Handling all maintenance requests

These lists are not intended to be all-inclusive, but are presented to indicate the scope of services we are able to provide. We will adapt to the needs of our clients.

Property Management Associates

H. Bryant Stoneham, CPA, Chief Financial Officer & Supervising Property Manager
bstoneham@naicarolantic.com

A licensed broker, Mr. Stoneham joined NAI Carolantic Realty, Inc. in 2002 to assist Steve Stroud in real estate brokerage activities. Prior to joining NAI Carolantic, Mr. Stoneham was Manager of Finance for the Semiconductor Research Corporation and a Tax Consultant with Price Waterhouse. A former business owner himself, Mr. Stoneham is able to understand the needs of investors and institutional property owners. In 2005, Mr. Stoneham took over as the CFO of the firm is now the Supervising Property Manager for NAI Carolantic. He is responsible for all accounting and tax matters associated with the firm.

Mr. Stoneham has a B.A in Accounting from NC State University and a degree in English from the University of North Carolina in Chapel Hill. He is a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants. He is also active in various civic and community organizations.

Andrea Fulcher, CSM, Property Manager
afulcher@naicarolantic.com

Ms. Fulcher joined the NAI Carolantic team in 1991 brining over ten-year's experience in the commercial property management field. At NAI Carolantic Realty, Inc, she provides comprehensive management services for more than 1.5 million square feet of commercial property. Ms. Fulcher is a Certified Shopping Center Manager (CSM), a designation held only be a few managers in the United States. She is also working to complete the requirements for a Certified Property Manager.

Ms. Fulcher holds a North Carolina real estate license and is a member of the International Council of Shopping Centers (ICSC), Triangle Chapter of Commercial Real Estate Women (CREW), and Vice President for BOMA/Raleigh-Durham. She is the 2002 recipient of CREW's Best Property Manager Award.

Linda Davenport, RPA, Property Manager
ldavenport@naicarolantic.com

With over twelve years in property management, Ms. Davenport handles the day-to-day management of approximately 500,000 square feet of flex and office properties in the company's extensive management portfolio. Her responsibilities include building good tenant relations, supervising the physical maintenance of the properties, maintaining cost-effective building operations, and assisting with the timely and detailed accounting to the landlords. She earned the Real Property Administration (RPA) designation from the BOMI Institute in 2007.

Ms. Davenport served on the Board of Directors for BOMA/Raleigh-Durham, is a member and past-president of the Optimist Club of Raleigh, and a member of the Wake County Association of Phi Beta Kappa.

Ms. Davenport joined NAI Carolantic Realty in 1986, serving as the leasing administrator from 1989 to 1997, and as executive assistant to the Chairman, President and Secretary/Treasurer from 1986 through 1989.

Previous professional experiences include Property Manager of the Capital Club Building in Downtown Raleigh; Executive Assistant to the Director of the Downtown Raleigh Development Corporation; Director of Research for the Greater Raleigh Chamber of Commerce, and the Executive Director of the Henderson-Vance County Chamber of Commerce. Ms. Davenport holds a North Carolina broker's license and received a Bachelor of Arts degree in English from the University of North Carolina where she graduated magna cum laude.

Kristina Bracy, C.P.A., Property Accountant
kbracy@naicarolantic.com

Mrs. Bracy is NAI Carolantic's primary property management accountant. She handles comprehensive accounting functions for the major properties within the Company's property management portfolio. In so doing, she works closely with the property managers, the landlords and the tenants in order to guarantee hands-on, professional service.

Prior to joining NAI Carolantic, Mrs. Bracy was Monitoring Manager for the NC Partnership for Children where she supervised a team of internal auditors responsible for assuring financial integrity of an annual budget in excess of $200 million. She has also worked as a Senior Auditor with Price Waterhouse where she began her career.

Mrs. Bracy is a Certified Public Accountant and has a B.S. in Business Administration from Meredith College where she graduated cum laude.

Kristy McClure, C.P.A., Property Accountant
kmcclure@naicarolantic.com

Ms. McClure is responsible for performing a variety of accounting and financial reporting functions for the properties under NAI Carolantic's management, in addition to communicating with landlords and property managers in order to facilitate a high level of expertise in management accounting.

Prior to joining NAI Carolantic Realty, Inc, Ms McClure worked for the North Carolina Hospital Association as Director of Financial Services. She began her accounting career with Deloitte & Touche.

Ms. McClure is a Certified Public Accountant and has a B.S. degree in Business and a Masters in Accounting from the University of North Carolina in Chapel Hill.

Dana Foreman, Administrative Assistant
dforeman@naicarolantic.com

Ms. Foreman joined NAI Carolantic in 2006 to handle administrative accounting and human resources administration. She works closely with the Company's CFO, Property Accountants, and Property Managers supporting account functions related to a varied portfolio of flex and office space.

Prior to joining NAI Carolantic, Ms. Foreman worked for GE Consumer Finance as a Human Resources Specialist.

Thurman Lockamy, Property Management Assistant
tlockamy@naicarolantic.com

Mr. Lockamy joined the NAI Carolantic Property Management Division in 1994 to assist in building maintenance and construction. Since that time, he has been promoted to Property Management Assistant. Prior to joining NAI Carolantic, Mr. Lockamy owned and operated his own landscape company for several years.