Coreland Enhances Executive Management Team for Expansion into the Western U.S.

Nov. 10, 2006 – TUSTIN, CALIF. – Coreland Companies of Tustin, Calif., one of the largest privately held commercial real estate service companies based in California, recently enhanced its executive management team to handle the firm’s planned growth into new markets.

Coreland added former Vice President, Market Officer for Prologis, Cheryl R. Todd as Vice President Real Estate Management and promoted long-time Coreland executives Steven Hogberg to Senior Vice President Leasing Sales and Kathie Sitton to Senior Vice President Finance.

Todd brings more than 20 years of real estate management experience and has managed more than $1.3 billion in office, industrial and retail properties during her career. In her most recent position as the Vice President, Market Officer for Prologis in Ontario, Calif., a real estate investment trust (REIT), she was responsible for a $300 million portfolio of office and industrial properties. Prior to Prologis purchasing Catellus Development Corporation (a REIT) in September 2005, Todd had served as Catellus’ Vice President, Asset Management. Todd is a Certified Commercial Investment Member (CCIM) and a Certified Property Manager® (CPM®), the designation awarded by the Institute of Real Estate Management (IREM®). Todd will oversee the day-to-day management of Coreland’s managed real estate portfolio.

As Senior Vice President Leasing Sales at Coreland, Hogberg manages the Leasing and Sales division. Hogberg previously held the position of Vice President, Leasing Sales and has been with Coreland for 12 years. Hogberg is a graduate of the University of Southern California with a Bachelor of Science degree in Finance with an emphasis in Real Estate and holds a California Real Estate Salesperson License.

Recently promoted to Senior Vice President Finance, Sitton previously served as Coreland’s Vice President Finance and has been with company for 10 years. Sitton oversees all property and corporate finance operations and is responsible for the company’s financial planning, commercial property financing, IT, human resources, and corporate operations. Sitton has a Bachelor of Science degree in Finance from Santa Clara University with a minor in Accounting and an MBA in Finance from California State University of Long Beach.

The promotions of Hogberg and Sitton plus the addition of Todd further enhance Coreland’s executive management team. “Steve Hogberg and Kathie Sitton are vital and highly valued members of Coreland’s executive team. Their promotion represents the recognition of their countless years of service and dedication, which has been integral to our company’s success and incredible growth,” said Patrick Galentine, Coreland’s Executive Vice President and Co-founder.

“We are very pleased with the rate of growth that we have maintained over the last several years,” said Coreland Companies’ President and Co-founder Chris Hite. “We currently have eight offices throughout California and plan to add several new offices in the next 24 months including offices outside the state in major markets in the western United States.”

Coreland Companies, one of the largest privately held commercial real estate service companies based in California, is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, Calif. with offices throughout California. For more information, please call the company’s headquarters at (714) 573-7780 or visit their website at www.coreland.com.

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