The Gallery includes profiles of selected real estate investments made by certain members of the Management Team from 1970-Current. This includes Monarch Group selected real estate investments (1997-Current) as well as selected real estate investments made at predecessor firms to Monarch: So Cal Development and Patrick Group of Companies (1970-1997). The profiles are presented solely for illustrative purposes as examples that indicate the type of strategy targeted by Monarch. The discussion of these selected investments is not intended as, and should not be construed as, investment advice or a recommendation to buy or sell a particular security. Past performance is not indicative of future results, which may vary. There is no assurance that any investment of Monarch will achieve similar results.