AYRE & OXFORD INC.

PHILOSOPHY

As Agents we act on behalf of the Property Owner and have a duty to represent that Owner. Therefore the objectives of Ownership have a direct effect on the purpose of management. The majority of Owners are Owners by choice and are therefore typically profit oriented. It is therefore very important that we understand the Owners objective and tailor a management plan that addresses the Owners stated objective.

A management plan focuses on the property as it currently exists, both physically and economically. Secondly, in light of economic trends and projections, the report determines what may reasonably be expected from the property in the foreseeable future. The last portion of the report recommends a course of action necessary to achieve the future goals set out for the property.

After consultation with the Owners, to ensure Owners objective will be met, the Plan is put into action. The Management Plan allows us to know the subject property, present realistic goals and objectives for the property, and to begin taking the action necessary to achieve those goals. Thus, our approach encompasses not only the day-to-day administration of the property, but the management of the investment that the property represents.