DRA conducts its investment activities through its series of commingled funds, primarily the DRA Growth and Income Funds. DRA's clients are public and private pension funds, university endowments, foundations, financial institutions and high net individuals.

Over the past 20 years, DRA has executed a focused, value-added investment strategy on behalf of its clients. We believe that DRA has demonstrated a consistent track record over multiple market cycles due to an exhaustive focus on operating properties optimally and constantly adapting business plans to changing market conditions. This proactive and flexible asset management style facilitates risk management and enables DRA to take advantage of investment opportunities as they arise.

Acquisition
Period
Number of
Properties
Acquired
Total
Equity*
Total Gross
Cost of
Acquisitions
DRA Opportunity Fund 1995 14 $189 $600
DRA Growth & Income Fund I 1998-1999 33 $203 $800
DRA Growth & Income Fund II 1999-2000 11 $136 $400
DRA Growth & Income Fund III 2001-2002 43 $250 $900
DRA Growth & Income Fund IV 2003-2006 67 $448 $2,300
DRA Growth & Income Fund V 2005-2007 480 $1,614 $7,100
DRA Growth & Income Fund VI Current 132 $1,250 $3,600
Total 780 $4,090 $15,700
* Total equity includes co-investment vehicles; Fund VI Acquisitions shown through 12/31/09

Please note that the above Funds are closed for investment; past performance of these funds is not necessarily indicative of 
   the future performance of any funds DRA may offer

DRA's funds are designed to be diversified across the major property types and locations to limit risk, since real estate markets and investment opportunities are constantly evolving. The balanced nature of DRA's current portfolio is shown on the charts below.