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PRESS RELEASE: Acquisition of San Antonio, Texas Hawthorn Suites by Wyndham

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San Antonio, Texas (Dec. 11, 2013) – Jacobs Real Estate Advisors announced today the
acquisition of Hawthorn Suites by Wyndham in San Antonio, Texas. The management
contract for this hotel has been awarded to JREA Management a sister company of
Jacobs REA. This will ensure that this property, its managers, and the JREA
Management team will share the same unified vision as the property investors.

Jacobs Real Estate Advisors has been acquiring distressed hotels throughout the
United States over the past year. This most recent closing signifies the second
successful hotel acquisition by Jacobs REA in a two week time period and sixth for
2013. By focusing on properties with high standings throughout their community and
great long term investment potential, Jacobs REA has repeatedly found success in the
Hotel industry. Hawthorne Suites by Wyndham of San Antonio, Texas was acquired from
Live Oak Apartments LP by a newly formed Jacobs East Loop LLC for $4.55 million.
With a few capital improvements this property will continue to be the premiere extended
stay hotel in the area.

At Hawthorn Suites by Wyndham JREA Management’s Director of Hotels, Tom French
will be working alongside the current staff to ensure that the Jacobs REA ideals are
realized. With the current management team and staff staying in place, the property will
continue functioning as normal throughout the transition.

Tom and JREA Management team will completing slight capital improvements over the
next few months. The property recently underwent an extensive renovation from 2012 to
2013 amounting to almost $2 million. With the close proximity to Randolph Air Force
Base, San Antonio International Airport, Alamo, and the Riverwalk this property has
great growth potential.

“The future of this property is bright, we believe our team can capitalize on the recent
renovations and quickly add value to our investors along with creating a long term
sustainable business for San Antonio.” Sholom Jacobs, Principal at Jacobs REA stated
at the closing. “We will continue to add Hotels to our portfolio with great cash flow that
have the potential to offer above market value returns for our investors.”

To learn more about Jacobs Real Estate Advisors and JREA Management’s newest
hotel, visit our companies online at www.jreamanagement.com and
www.jacobsrea.com. For your next room rental in the San Antonio area contact the
Hawthorn Suites by Wyndham at (210) 655-9491.

ABOUT JACOBS REAL ESTATE ADVISORS COMPANY

Jacobs Real Estate Advisors, a New York based real estate investment firm is renowned
for its portfolio of above market performing properties as well as its active management
techniques. The company’s growing portfolio includes hotel and commercial properties
throughout the United States. The company is best known for its family values and its
commitment to investors. JREA Management is the management arm for its sister
company Jacobs Real Estate Advisors. JREA Management exclusively manages
Jacobs Real Estate Advisors properties, this close relationship ensures that investors,
employees, and the portfolio exceed expectations. These privately held companies
have over a decade of investment and management experience, with the staffs
experience spanning the last quarter century.

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