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EXHIBIT 3 <br />ValbridgegPROPERTY <br />Qualifications of John D. Penner, MAI <br />Senior Managing Director <br />Independent Valuations for a Variable World <br />State Certifications Membership/Affiliations: <br />Certified General Appraiser Member: Appraisal Institute - MAI Designation & Certification in <br />State of California (AG001720) Litigation <br />Chair: Appraisal Institute - Southern California Chapter - Southern <br />Branch & Advisor/Candidate Program (2012) <br />Member: Urban Land Institute -Certificate in RE Development <br />Founding Board of Directors Member- Valbridge Property Advisors <br />Education Experience: <br />B.S. - Business Administration SENIOR MANAGING DIRECTOR/OWNER,1991-Present <br />Finance & Investments This firm performs valuation and advising for commercial real estate with a <br />San Diego State University specialty in medical office, and industrial properties. Mr. Penner has over 30 <br />years of experience in the Southern California region and has completed <br />assignments in many areas of the United States. <br />Publications - Author <br />SENIOR APPRAISER: T.LYATES&ASSOCIATE, 1990-1991. <br />Penner Expense Guides: <br />Work included narrative appraisals of proposed, existing and problem <br />Low Rise & Medical Office <br />properties located in the markets of Southern California and Arizona. <br />Business Parks & Single Tenant <br />Industrial <br />SENIOR APPRAISER/ANALYST: HOMESAVINGS oFAMERICA, 1983-1990. <br />Strip Retail Centers <br />Work included valuation of residential and commercial properties located <br />throughout Southern California, parts of Northern California, Arizona, Texas, <br />Florida and New York. Specific responsibilities included the appraisal of <br />Qualified <br />problem properties, market studies, feasibility, and portfolio analysis. <br />Expert Witness: <br />Bankruptcy & Superior Court <br />Scope of Work: <br />Cash Flow Forecast: ARGUS <br />Work includes the appraisal and/or consultation of reports for acquisition, <br />sale, refinance, estate, development, condemnation, fractional interest and <br />court testimony purposes. Typical clients served are financial institutions, <br />Contact Details <br />investors, developers, legal firms, and governmental. Types of properties <br />714-449-0852 (office) <br />appraised include: <br />Valbridge Property Advisors <br />High and Low Rise Office Medical & Dental Offices <br />1370 N. Brea Blvd., Suite 255 <br />Corporate Headquarters Office Condominiums <br />Fullerton, CA 92835 <br />Regional Shopping Malls Neighborhood Centers <br />jpenner@valbridge.com <br />Strip Retail Centers Restaurants <br />www.valbridge.com <br />Mixed Use Bank Branches <br />Vacant Land Market Studies <br />Valbridge Property Advisors is <br />Manufacturing Facilities Warehouses <br />R&D Buildings Business Parks <br />the 3rd Appraisal Company in <br />Mini -Warehouse Multi -Tenant Industrial <br />the United States with 65 <br />Master Planned Communities Subdivisions <br />offices nationwide. <br />© 2015 VALBRIDGE PROPERTY ADVISORS I <br />Penner and Associates, Inc. Page 59 <br />SA4-91 <br />