In 2006, CenterPoint was acquired by the California Public Employees Retirement System (CalPERS),
the nation's largest pension fund with billions of dollars in assets. Under this ownership structure and relationship
with CalPERS, CenterPoint's balance sheet and joint venture relationships are supplemented with the financial strength
of this institution. This extraordinary financial capacity ensures our ability to fund large-scale investments and
developments without reliance on external capital, and enhances our ability to execute and close deals quickly.