Callan Associates Inc.

Callan Associates is a 100% privately owned firm by our professionals and traces its origins to 1966 when Edwin C. Callan formed the performance measurement division of Mitchum, Jones and Templeton, a large West Coast brokerage firm. In 1973, Mr. Callan and others purchased this division and formed Callan Associ-ates Inc., a subchapter S Corporation incorporated in the State of California. We registered as an investment advisor with the Securities and Exchange Commission on April 16, 1973. Callan has provided real estate consulting services since the late 1970’s when the asset class first secured a position in institutional portfolios. In 1988, Callan developed its first specialty-consulting group with the formation of a division focused solely on the real estate asset class. Of Callan’s 194 performance measurement clients, 62 have real estate investments. Callan’s real estate consulting group provides ongoing real estate consulting services to eleven clients representing approximately $25 billion in real estate pension assets and provides consulting services to Callan’s broader client base on an as needed or project basis. More information about Callan and its various lines of business is available on our website at http://www.callan.com.