OVERVIEW

Commodore Realty, Inc., formed by Max D. Puyanic, in February of 1970, is a Real Estate firm specializing in low-risk investments. Mr. Puyanic’s investments are financed, individually, by a syndicated group of high net worth private investors. The initial investments were made in Downtown Miami & Brickell, as well as, waterfront apartment buildings in the Bay Harbor and Bal Harbor areas. Mr. Puyanic made his first shopping center investment in 1989 with the acquisition of Tavernier Towne Center, a Winn-Dixie anchored shopping center located in the Florida Keys.

Soon thereafter, Mr. Puyanic sold all of the waterfront apartment buildings and focused the company on the acquisition of grocery-anchored shopping centers.

Grocery-anchored shopping centers remain the focus of the Company, due to the fact that, these investments are low-risk; providing the necessities of life in both good and bad times and thus, always holding value. The Commodore Realty, Inc., portfolio has grown to encompass 12 shopping centers totaling 1,000,000 square feet. These properties are located throughout the State of Florida. In 2002, Commodore Realty, Inc., sold its office building in the Brickell area of Miami and relocated its corporate offices to an office building it purchased on Key Biscayne; Miami’s Island Paradise.

Commodore Realty, Inc., is a full-service Real Estate office that offers commercial leasing, property management, brokerage, construction management, and Real Estate consulting services. Commodore Realty’s primary goal is to use its 40 years of experience to add value to its investments. Our team is proud of its flawless track record with its goal of adding value. All of our investments have grown exponentially in value since their acquisition. The Commodore Team achieves this by using our tenant relationships to improve the tenant synergy of our properties, working with our purveyors to improve the maintenance and day-to-day operations of our properties and by completing expansions and/or remodels of the properties. Our friendly, well-rounded staff continually strive to meet our clients’ needs with both ease and enjoyment.

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