Press Release: Berengaria Development Changes Name to Marquee Capital

Feb 14, 2023




We are excited to announce that as of February 14th, our company name will change from Berengaria
Development to Marquee Capital. This name change reflects our expanded vision of private real estate
investments and asset management, which most of you have witnessed during the past several years.

In conjunction with our name change, we would like to announce the Herbst family office, 43 North
Partners, has invested in the firm and joins the Marcus family as executive board members. The Herbst
family office brings an entrepreneurial mindset having founded, grown and sold a large technology
business. Coupled with the Marcus family, who is responsible for operating Marcus Corporation [NYSE:
MCS] over the past 85+ years and has a rich history in owning and operating real estate assets, Marquee
Capital is well positioned for continued and sustained growth.

Berengaria Development was formed in 2008 as the real estate arm of Marcus Investments, providing
development services to retail companies across the US. Since inception, the firm has evolved as a private
real estate investment and asset management business, having played a role in over $700M of real estate
transactions and amassed a portfolio of assets under management currently valued at more than
$300M. Marquee Capital plans to accelerate its acquisitions of premier retail assets, seniors housing
assets and looks to form new joint ventures with experienced sponsors in strategic geographic markets
and asset classes.

With hundreds of current investors ranging from wealth managers/RIA’s and high-net-worth individuals
to large and small family offices, Marquee Capital provides a hands-on, operational approach to real
estate investing. Having invested equity through individual offerings and its Marcus Real Estate Fund I
entity, Marquee Capital has recently launched Marcus Real Estate Fund II. Marcus Real Estate Fund II will
focus on delivering asymmetric risk-adjusted returns in various real estate verticals where we anticipate
continued market dislocations, and as a result, compelling buying opportunities.