ABOUT PENDULUM EQUITY

Pendulum Equity is a private real estate investment and management company. Our aim is to provide consistent and lucrative returns through a diverse portfolio of income producing real estate assets. A combination of opportunistic acquisitions and a bottom line oriented approach to asset management creates value and maximizes returns.

Pendulum Equity's various corporations were established by financier and builder, Q.C. Lum. Pendulum Equity's portfolio currently consists of hotels, multi family residential, single family homes, condominiums and retail properties. Planned diversification of the current portfolio will include the acquisition of office and light industrial properties.

Principals of Pendulum Equity have been involved in the acquisition, development, leasing, management and ownership of hotels, multi-family and commercial real estate throughout the United States.

EXECUTIVE PROFILES

William D. Lum, President & CEO

Mr. Lum received his undergraduate degree in Political Science from the University of Hawaii, Manoa and completed his graduate studies in Real Estate at the University of San Diego. He set up Pendulum Equity based in San Diego in 2008, and under his direction and guidance, the company has built an extensive real estate portfolio that includes hotels, retail, multi-family residential, condominiums and single family dwellings.

Mr. Lum holds a California Real Estate Broker License and is a member of the SDCAA and the CAA. He also currently holds the position of Executive Vice President at CH, Inc., a company started by his grandfather Q.C. Lum. As Executive Vice President, Mr. Lum is responsible for real estate acquisitions and day to day operations. Mr. Lum has held positions at CBRE and Deutsche Bank Real Estate.

Mr. Lum is past member of the Del Mar Rotary Club and La Jolla Kiwanis Club. He is a current member of the Rancho Santa Fe Rotary Club. He is past Chairman of the Youth Services Committee and is an active member of several political and service organizations in San Diego County.

MEDIA

COSTAR GROUP NEWS

Written by Adrian Robles (arobles@costar.com)

Point Loma Retail Sells for $2M

Rosecrans Center Trades to Columbia Hotel Inc.

Columbia Hotel Inc. purchased the Rosecrans Center retail property in San Diego from three family trusts in an all-cash deal for $2 million, or about $380 per square foot.

Completed in 1958 and renovated in 2000, the strip center measures 5,293 square feet in the Point Loma submarket. It traded at a cap rate of 6 percent.

Terry Taylor of ACI Commercial represented the sellers in the transaction.

John Drummond of Capital Growth Properties represented the buyer.

Please refer to CoStar COMPS #1662958 for further details.