JOINT FILING AGREEMENT

EXHIBIT 1

JOINT FILING AGREEMENT

C3 Initial Assets LLC, C-III Capital Partners LLC, Island C-III Manager LLC, Island Capital Group LLC and Xxxxxx X. Xxxxxx, in compliance with Rule 13d-1(k) of the Securities and Exchange Commission, hereby agree that the statement on Schedule 13D to which this Agreement is attached as an exhibit is, and any amendments thereto filed by any of us will be, filed on behalf of each such person or entity, that each such person or entity is responsible for the timely filing of the Schedule 13D and any amendments thereto and for the completeness and accuracy of the information concerning such person or entity contained therein.

Date: March 15, 2010	C3 INITIAL ASSETS LLC
	By:	/s/ Xxxxxxx X. Xxxxx
		Name:	Xxxxxxx X. Xxxxx
		Title:	President
	C-III CAPITAL PARTNERS LLC
	By:	Island C-III Manager LLC, its Manager
	By:	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Chief Executive Officer
	ISLAND C-III MANAGER LLC
	By:	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Chief Executive Officer
	ISLAND CAPITAL GROUP LLC
	By:	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Chairman and Chief Executive Officer
	/s/ Xxxxxx X. Xxxxxx
	Xxxxxx X. Xxxxxx

Schedule A

Directors and Executive Officers of the Reporting Persons

The following sets forth the name, position, and principal occupation of each director and executive officer of each of the Reporting Persons. Each such person is a citizen of the United States of America. Except as otherwise indicated, the business address of each director and officer is c/o Island Capital Group LLC, 000 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. To the best of the Reporting Persons’ knowledge, except as set forth in this Schedule 13D, none of the directors or executive officers of the Reporting Persons own any share of the Issuer.

C3 Initial Assets LLC

Name		Title
Xxxxxxx X. Xxxxx		President
Xxxxx X. Xxxxxxxx		Vice President
000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxxxxx, Xxxxxxxxx 00000
Xxxxx X. Aston		Treasurer
000 Xxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxx Xxxxxxxx 00000

C-III Capital Partners LLC (Board of Managers)

Xxxxxx X. Xxxxxx
Xxxxx X. Xxxxxxxx
     000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000
     Xxxxxxxxx, Xxxxxxxxx 00000

Xxxxxxx X. Xxxxx
Xxxxxx X. Xxxxxxx
     Investor (retired)
     000 Xxxxxxx Xxxxx
     Xxxxxxx, Xxxxxxx 00000

Xxxxxxx X. Xxxxxxx
     Chairman & Chief Executive Officer of Banco Popular
     X.X. Xxx 000000
     Xxx Xxxx, Xxxxxx Xxxx 00000-0000

Island C-III Manager LLC

Name		Title
Xxxxxx X. Xxxxxx		Chief Executive Officer
Xxxxxxx X. Xxxxx		President
Xxxxx X. Xxxxxxxx      000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000      Xxxxxxxxx, Xxxxxxxxx 00000		Vice President
Xxxxx X. Aston      000 Xxxxxxxx Xxxxxx, Xxxxx 000      Xxxxxxxxxx, Xxxxx Xxxxxxxx 00000		Treasurer

Island Capital Group LLC

Name		Title
Xxxxxx X. Xxxxxx		Chairman and Chief Executive Officer
Xxxxxxx X. Xxxxx		President and Executive Managing Director
Xxxxx X. Aston      000 Xxxxxxxx Xxxxxx, Xxxxx 000      Xxxxxxxxxx, Xxxxx Xxxxxxxx 00000		CFO and Executive Managing Director
Xxxxxxx X.X. Xxxxxx		COO and Executive Managing Director and Secretary
Xxxxx X. Xxxxxxxx      000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000      Xxxxxxxxx, Xxxxxxxxx 00000		Senior Advisor

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