rowth Strategies: First Oxford Corporation intends to expand its portfolio of properties by engaging in purchase/leaseback transactions with operating companies and acquiring additional net leased properties. Since its beginning, First Oxford has completed over One Billion Dollars (including acquisition costs) in acquisitions. The Company believes the experience of its management in structuring purchase/leaseback transactions to meet often complex needs of prospective tenants, while providing adequate security to the Company, allows the Company to obtain a higher yield for a given level of risk than would typically be available by purchasing a property subject to an existing net lease. However, the Company will also seek to acquire properties subject to existing net leases if the Company believes the terms are favorable. To the extent additional investment opportunities are available on advantageous terms, First Oxford intends to continue to grow by expanding its portfolio of properties.

The Company generally seeks to negotiate or acquire triple net leases. The Company also seeks to include in its leases...

1. clauses providing for periodic rent increases, either automatically or based on an index, such as the All Urban Consumer Price Index.
2. change of control and restrictive operating and financial covenants,
3. covenants providing that the tenant must indemnify the Company against environmental and other contingent liabilities,
4. guarantees from parent companies or other parties,
5. additional security through recourse to other assets or letters of credit, and...
6. cross-default provisions in leases in multiple property transactions.

The Company's primary focus is on the acquisition of single-tenant, net leased retail, office and industrial properties. The Company will not acquire hotels, health care facilities, restaurants or land unrelated to a corporate facility or the future operating requirements of a corporate tenant. The Company does not intend to develop properties, but it may finance build-to-suit projects with identified tenants when it can do so by taking minimal risk of construction completion. The Company also may permit its tenants, under certain circumstances, to develop or further expand properties they lease from the Company.