AZNORTH Capital's roots were planted in 1993 when its predecessors, AZNORTH Development Inc. and AZNORTH Realty were founded. AZNORTH has evolved from focusing on infill development projects to focusing on large residential subdivisions in several northern Arizona communities.

AZNORTH maintains close working relationships with local government officials and political leaders. We enhance the value of our properties by securing and maintaining development entitlements and constructing buildings for investment or future sale.

AZNORTH Capital is affiliated with AZNORTH Development, Inc., which has extensive experience tracking trends in the real estate market and developing investment strategies and opportunities. This affiliation with AZNORTH Development allows AZNORTH Capital to control assets at every stage of the investment cycle, which results in more effective risk management and higher rates of return for our investors. Since 1993, AZNORTH has demonstrated competence in structuring and executing complex deals that require an in-depth understanding of the local markets in which we operate and an extensive network of reliable partners.

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TOM BREWSTER
President and CEO

Tom Brewster is the Founder and President and CEO of AZNORTH Development, Inc.

Tom is a native of Arizona with extensive experience in business, including the real estate, finance, construction and communications industries. Mr. Brewster's entrepreneurial spirit was evident at an early age when, at the age of 16, he and his brother purchased three single family homes as investment properties. This was just the beginning of Mr. Brewster's involvement in real estate, as he pursued his interest in the industry by becoming a licensed general contractor in 1985 and licensed real estate agent in 1988. In 1992 and 1994, when Mr. Brewster was selling real estate, he was named a "Top Producer" by the Northern Arizona Association of Realtors.

In 1993, Mr. Brewster formed AZNORTH Development, Inc. so he could acquire and develop property in Northern Arizona. (See www.aznorth.com) In 1995, he formed AZNORTH Realty, the in-house brokerage for AZNORTH Development, Inc. Over the last 15 years, Mr. Brewster has grown AZNORTH into a successful development company with a seasoned management team.

Mr. Brewster is responsible for the successful completion of the following projects, which are described in more detail in the section entitled, Summary of AZNORTH Development Experience.

Stoneridge Forest on the Green Hutton Ranch Rd & Campbell Rd Lots

Sinclair Springs Majestic View Estates

Mr. Brewster is responsible for development of the following projects:

Rio Homes John Wesley Powell Switzer Canyon Village Trails End Mesa Brewster Village

Majestic View Ranch Fort Valley Luxury Apartments AZNORTH Downtown Ponderosa Shadows

AZNORTH Development, Inc. is widely recognized for its in depth analysis and understanding of real estate markets and for analyzing the viability of projects. Other private real estate companies and public agencies regularly call upon AZNORTH for advice on real estate issues. Mr. Brewster's areas of expertise include management, real estate finance, and structuring complex transactions. He has extensive experience working with private investors and has developed positive working relationships with local and state government officials.

In addition to his business interests, Mr. Brewster has been active in community affairs over the last 20 years. He founded two nonprofit organizations and has served on a variety of other boards. He has been invited to serve on various local government committees and task forces, including the City of Flagstaff Affordable Housing Task Force and the City of Flagstaff Affordable Housing Set Aside Committee.