A&C Ventures, Inc.

A&C Ventures, Inc. (ACV), founded by David Grieve in 1992, is a privately-owned commercial real estate investment firm based in Sonoma, CA. ACV is primarily engaged in the acquisition and management of a broad range of real estate asset classes, including single-tenant net-leased retail, multi-family, industrial/office, restaurant, and mixed-use redevelopment opportunities. Our nationwide commercial real estate portfolio, currently valued at approximately $800 million, is held in multiple single- and multi-asset limited liability companies and limited partnerships.

ACV’s investment philosophy is to acquire, maintain and manage commercial real estate assets with high intrinsic value that either generates strong recurring cash flow and/or has value-add characteristics.

ACV’s management team co-invests on each deal and is fully aligned with our high net worth partners in achieving long-term, tax-efficient, above-market rates of return.

ACV INVESTMENT ASSET CLASSES and REPRESENTATIVE HOLDINGS

Commercial Retail

Associated Properties

Commercial Retail

Tenant	Address	City	ST	ZIP	Bldg. SF	Lot SF
Dollar Tree	1675 West Valencia	Tucson	AZ	85746	20,634	182,698
AutoZone	1675 West Valencia	Little Rock	AR	72211	7,856	38,322
AutoZone	1819 Walnut St	Cary	NC	27518	9,013	44,148
Burlington Coat Factory	13013 San Pedro Ave	North San Antonio	TX	78216	108,071	478,202
CVS	10 Meetinghouse Road	Littleton	MA	01460	8,840	76,792
CVS	2390 Belcher Road	Largo	FL	33771	11,219	56,628
Dollar General	7500 Terry Road	Louisville	KY	40258	11,203	78,529
Dollar Tree	2170 Acushnet Ave	New Bedford	MA	02745	11,070	54,450
Dollar Tree	1475 N Bridge Street	Elkin	NC	28621	13,813	73,616
Family Dollar	435 Liberty Street NE	Salem	OR	97301	26,640
Family Dollar	7700 Shepardsville Road	Louisville	KY	40219	11,180	55,832
Family Dollar	725 Centre Street	Brockton	MA	02302	13,393	126,324
Family Dollar	3015 Old Hollow Road	Walkertown	NC	27051	13,824	114,127
Family Dollar	844 South 5th Street	Hartsville	SC	29550	10,752	85,813
Forum Credit Union	16855 Mercantile Blvd	Noblesville	IN	46060	3,100	63,598
Goodwill	680 C W Washington St	Sequim	WA	98382	31,504	126,473
Grossman's	300 Bald Hill Rd	Warwick	RI	02886	25,180	157,002
Harbor Freight	23611 Highway 59 North	Porter	TX	77365	16,500	128,590
Harbor Freight	1675 West Valencia	Tucson	AZ	85746	21,038
Humana	5317 S Padre Island Dr	Corpus Christi	TX	78411	10,000	43,560
Huntington Bank	5640 West 86th Street	Indianapolis	IN	46278	2,500	35,196
Kohl's	3353 N President George Bush Hwy	Garland	TX	75040	86,854	430,285
Mattress Warehouse	575 Cross Creek Mall	Fayetteville	NC	28303	9,013	41,556
Nelsonville Grocery	805 Memorial Drive	Lancaster	OH	43130	4,653	17,468
O'Reilly Auto Parts	8164 South State St	Midvale	UT	84107	8,000	43,124
Office Depot	3151 Capital Circle NE	Tallahassee	FL	32308	30,454	234,353
Office Max	3700 Geary Blvd	San Francisco	CA	94118	19,250	34,750
PNC Bank	2440 East 146th Street	Indianapolis	IN	46033	3,529	32,496
Raley's	2200 E Irvington Road	Tucson	AZ	85706	42,032	174,003
Raley's	725 W Baseline Road	Tempe	AZ	85283	46,442	164,602
Rite Aid	7225 Airport Highway	Holland	OH	43528	14,690	118,034
Rite Aid	1630 S Grand Ave	Pullman	WA	99163	21,225	112,068
Rite Aid	620 E Allegneny Ave	Emporium	PA	19134	11,253	51,523
Rite Aid	8090 Guide Meridian	Lynden	WA	98264	17,579	93,460
Rite Aid	375 White Horse Pike	Atco	NJ	08004	14,654	73,000
Ross Dress For Less	2950 Aborn Square Rd	San Jose	CA	95121	27,118	174,240
Safeway	9460 East Golf Links Road	Tucson	AZ	85730	41,800	170,173
Satellite Healthcare	3700 Geary Blvd	San Francisco	CA	94118	10,239
Various	101 Best Avenue	Coeur d' Alene	ID	83814	118,093	529,080
Various	2681-2685 Hiltop Road	Redding	CA	96002	111,720	459,284
Skechers	393 West Jackson Street	Cookeville	TN	38501	6,240	42,166
Spec's	23611 Highway 59 North	Porter	TX	77365	13,838
Target	3204 N Clark St	Chicago	IL	60657	28,924
TGI Friday's	11679 W Hillsborough Ave	Tampa	FL	33635	5,520	11,970
TJ Maxx	1629 North Central Ave	Marshfield	WI	54449	23,500	67,232
Tractor Supply	980 E Highway 60	Hardinsburg	KY	40143	19,239	196,020
vacant	2761 N High Street	Columbus	OH	43202	3,663	13,983
vacant	4817 West Craig Road	Las Vegas	NV	89130	46,475	189,922
vacant	1478 George Washington Mem Hwy	Gloucester	VA	23062	3,828	47,306
vacant	1988 N Alma School Rd	Chandler	AZ	85224	40,963	163,704
vacant	4464 W Pierson Road	Flint	MI	48504	3,437	44,431
vacant	16725 Mercantile Blvd	Noblesville	IN	46060	6,948	73,818
vacant	435 Liberty Street NE	Salem	OR	97301	25,150	114,563
Various	10735 Kenai Spur Hwy	Kenai	AK	99611	5,244	5,244
Various	10767 Kenai Spur Hwy	Kenai	AK	99611	5,000	5,000
Walgreens	131-133 S Main St	Middleborough	MA	02346	14,960	91,476
Walgreens	232 Main Street	Gardner	MA	01440	22,010	87,120
Walgreens	60 -62 Groton Street	Pepperell	MA	01463	9,878	58,200
Walgreens	455 Main Street	Southbridge	MA	01550	9,554	43,560
Walgreens	467 Boston Rd	Billerica	MA	01821	13,107	88,427
Walgreens	68 S Main St	Haverhill	MA	01835	12,826	67,954
Walgreens	85 Huttleston Ave	Fairhaven	MA	02719	11,046	55,757
Walgreens	205 Salisbury Avenue	Albemarle	NC	28001	13,824	84,942
Walgreens	2401 North College Road	Wilmington	NC	28405	10,908	59,678
Walgreens	17071 Fort Street	Riverview	MI	48193	13,905	113,256

Multi-Family

Associated Properties

Multi-Family

Tenant	Address	City	ST	ZIP	Bldg. SF	Lot SF
Lakeview 3200	3218 N Clark Street	Chicago	IL	60657	73,079	25,683
Adelphi Quarter	820 E Long Street	Columbus	OH	43203	93,678	100,188
Rio Vista Apartments	1190 West San Ysidro Blvd	San Ysidro	CA	92173	138,630	432,115
The Cottages	1445 W 3rd Street	Chico	CA	95928	12,000	53,143
The Landing at Clearwater	2306-2390 E White Ave	Moscow	ID	83843	97,200	191,272
The Landing at Savannah West	8901 N Chestnut Ave	Kansas City	MO	64156	213,663	1,267,113
The Landing at Tiffany Springs	9641 N Ambassador Dr	Kansas City	MO	64154	334,302	924,343

Restaurant

Associated Properties

Restaurant

Tenant	Address	City	ST	ZIP	Bldg. SF	Lot SF
Arby's	1135 Muldoon Road	Anchorage	AK	99504	3,102	31,308
Arby's	10733 Kenai Spur Hwy	Kenai	AK	99611	3,473	28,084
Arby's	11716 Old Glenn Hwy	Eagle River	AK	99577	3,108	28,693
Arby's	44433 Sterling Hwy	Soldotna	AK	99669	3,606	40,029
Denny's	2601 52nd Avenue	Moline	IL	61265	5,894	41,382
Java Detour	836 Second St	San Rafael	CA	94901	677	10,000
La Carreta Taqueria	2160 Marina Blvd	San Leandro	CA	94577	1,651	15,207
Long John Silver's	745 E Center Street	Madisonville	KY	42431	1,951	39,640
Long John Silver's	1417 W Broadway Street	Princeton	IN	47670	1,865	30,056
Long John Silver's	3847 W Washington Street	Indianapolis	IN	46241	2,408	38,333
Long John Silver's	3615 S Emerson Avenue	Beech Grove	IN	46107	1,868	37,462
Long John Silver's	7242 Michigan Road	Indianapolis	IN	46268	2,338	28,750
Long John Silver's	1310 N Main Street	Beaver Dam	KY	42320	1,892	29,621
Long John Silver's	3491 S East St	Indianapolis	IN	46227	2,486	23,958
Long John Silver's	3301 E Washington St	Indianapolis	IN	46201	2,097	28,750
Long John Silver's	1509 S Washington St	Crawfordsville	IN	47933	1,890	22,216
Long John Silver's	602 J St	Laporte	IN	46350	1,880	25,265
Long John Silver's	3005 Highway 60 East	Owensboro	KY	42303	1,866	47,045
Long John Silver's	1724 S Nappanee St	Elkhart	IN	46516	2,162	27,443
Long John Silver's	4604 Red Arrow Hwy	Stevensville	MI	49127	3,281	57,935
Long John Silver's	1800 Daisy St	Clearfield	PA	16830	2,321	35,332
Long John Silver's	4857 Bay Rd	Saginaw	MI	48604	2,448	33,106
Long John Silver's	3470 S Linden Rd	Flint	MI	48507	3,203	60,548
Long John Silver's	2480 Landmark Ave NE	Corydon	IN	47112	3,147	44,431
Long John Silver's	2191 Independence Dr	Greenwood	IN	46143	2,726	42,253
Long John Silver's	2885 28th St SE	Grand Rapids	MI	49546	2,406	44,867
Long John Silver's	2542 Alpine Ave NW	Walker	MI	49544	1,778	33,106
Long John Silver's	1865 28th St SW	Wyoming	MI	49519	1,792	38,768
Long John Silver's	5481 W Main St	Kalamazoo	MI	49009	1,790	33,541
Long John Silver's	225 W 30th St	Connersville	IN	47331	1,797	22,216
Long John Silver's	2705 N 6th St	Vincennes	IN	47591	2,073	23,522
Long John Silver's	817 Capital Ave SW	Battle Creek	MI	49015	2,035	35,719
Panera Bread	6055 N Keystone Ave	Indianapolis	IN	46220	4,395	42,471
Pizza Hut	3115 Harrison St	Batesville	AR	72501	3,825	88,884
Saltgrass Steakhouse	19310 Cottonwood Dr	Parker	CO	80138	7,728	82,764
Starbuck's	1440 E Hammer Ln	Stockton	CA	95210	1,500	1,500
Taco Bell	465 El Camino Real	So. San Francisco	CA	94080	1,680	26,310
Taco Bell	771 Stony Point Rd	Santa Rosa	CA	95407	2,304	23,072
Taco Bell	39199 Cedar Blvd	Newark	CA	94560	2,830	29,499
Taco Bell	1700 E Cotati Ave	Rohnert Park	CA	94928	2,304	43,996
Taco Bell	5000 Redwood Dr	Rohnert Park	CA	94928	1,944	50,964
Taco Bell	1131 Triton Dr	Foster City	CA	94404	2,215	26,118
Taco Bell	7715 W Sahara Ave	Las Vegas	NV	89117	2,429	63,197
Taco Bell	2760 W Ann Rd	North Las Vegas	NV	89031	2,936	19,475
Taco Bell	3117 US-50	Carson City	NV	89701	2,427	28,200
Taco Bell	1280 W Williams Ave	Fallon	NV	89406	2,789	44,492
Taco Bell	524 E Lake Mead Pkwy	Henderson	NV	89015	2,944	26,114
Taco Bell	11524 Chapman Hwy	Seymour	TN	37865	2,824	41,382
Wendy's	4842 Post St	Jacksonville	FL	32205	2,537	17,250
Wendy's	5133 Norwood Ave	Jacksonville	FL	32208	2,516	51,836
Wendy's	7211 Normandy Blvd	Jacksonville	FL	32205	3,030	38,159

Mixed-Use / Other

Associated Properties

Mixed-Use / Other

Tenant	Address	City	ST	ZIP	Bldg. SF	Lot SF
Various	Various	Tiburon	CA	94920	67,525	206,408
AEG	982 Market St	San Francisco	CA	94102	28,000	19,366
Bishop's Lodge Hotel	1297 Bishops Lodge Rd	Santa Fe	NM	87506	200,000	13,808,520
Irvington Village Center	Fremont Blvd & Grimmer Blvd	Fremont	CA	94538	117,851	379,408
vacant	5180 Sonoma Blvd	Vallejo	CA	94589	118,415	548,662

Office / Industrial

Associated Properties

Office / Industrial

Tenant	Address	City	ST	ZIP	Bldg. SF	Lot SF
Diversified Restaurant Group	3120 S Durango Dr	Las Vegas	NV	89117	16,982	18,763
Ganau America	21900 Carneros Oak Ln	Sonoma	CA	95476	38,830	122,287
Mercedes-Benz	4031 Via Oro Ave	Long Beach	CA	90810	79,568	165,528

ACV Hospitality Sector Interests

ACV is also the parent investment company of Diversified Restaurant Group (DRG), a franchisee of Taco Bell and Arby’s restaurants in California, Nevada, Missouri, Kansas, and Alaska. DRG is the world’s highest grossing Taco Bell franchisee and one of the top 10 largest quick service restaurant owner/operators in the United States.

In addition, ACV and its affiliates own business interests in several restaurant and hospitality venues in Tiburon, CA including The Bungalow Kitchen by Michael Mina, Petite Left Bank, Squalo Vino Wine Bar and Cinelounge Theater.