In the News

Mesa, AZ – September 8, 2010 - Westwood Financial Corp. has acquired Dana Park Village, a 10,413 square foot retail pad building that is part of a larger center anchored by AJ's Fine Foods, Ann Taylor's Loft, Barnes & Noble, Chico's and Talbots. The property is located on the northwest corner of Val Vista Drive and Baseline Road in Mesa, AZ. Panda Express is currently the only tenant that is operating at the pad building. Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the transaction.

"We are very excited to buy Dana Park and launch our new REO/Value-add platform, said Joe Dykstra, Executive Vice President of Westwood Financial Corp." "The mostly vacant pad building is complemented by a well occupied grocery-anchored center, and offers us the opportunity to create value through lease-up. We expect to see many more opportunities like this in the near future and hope to acquire 50 or more of these centers over the next 24-36 months! We closed all cash and in less than 30 days."

Dana Park is part of Westwood Financial Corp's. new REO/Value-added business plan of acquiring smaller value-add and distressed retail centers throughout the country with the opportunity to achieve above average returns. Westwood Financial Corp. has acquired over 30 properties in the last 3 years in Florida, Georgia, Texas, Colorado, California, Arizona, Illinois and Kansas. Westwood Financial Corp. primarily focuses its acquisition efforts on acquiring mature neighborhood shopping centers anchored by the #1 or #2 grocery stores in the properties' MSA, and urban anchored or unanchored retail properties in major cities.

Headquartered in Los Angeles, Westwood Financial Corp has offices in Phoenix, Dallas and Sacramento and owns and operates over 100 neighborhood, community and specialty retail shopping centers covering 24 major markets in 13 states. Westwood Financial Corp. is a fully integrated real estate company that acquires, leases, and manages its real estate portfolio.

For more information, please contact:

Joe Dykstra, Executive Vice President
310-820-5443
jdykstra@westfin.com
www.westfin.com

Scott Henard, Vice President - Acquisitions
972-284-0925
shenard@westfin.com
www.westfin.com