[IMGCAP(2)]CJK is already up and running, having provided consulting services to Craig Realty Group and investor Dwight Manley in Craig Realty Group's winning bid to acquire the 150-acre Orange County Fairgrounds and Events Center in Costa Mesa. The State of California conducted a live auction to dispose of the fairgrounds property in January, and Craig Realty's winning bid of $56.5 million is currently pending final approval by the state.

[IMGCAP(3)]Before forming CJK Investments, the former KBS executives worked as a team in the Western US and held senior positions at Newport Beach-based KBS in acquisitions, portfolio management, asset management and dispositions. Jarecki departed KBS after nearly 15 years, Kray after nearly eight and Tatala after nearly five years.

[IMGCAP(4)]Craig Realty Group is a developer and owner of upscale factory outlet shopping centers located throughout the US and internationally, including the Citadel Outlets in the City of Commerce. Craig, before founding Newport Beach-based Craig Realty Group in 1995, was president, chief operating officer and director of Chelsea Property Group, formerly Chelsea GCA Realty Inc., a New York Stock Exchange REIT. He was also the principal and managing partner of its predecessor company, Ginsburg, Craig & Associates.

Jarecki was senior vice president and director of acquisitions and dispositions for KBS, where he was responsible for more than $2 billion in acquisitions and dispositions throughout the Western US. Additionally, he held senior positions in portfolio management and asset management. Before KBS, he held various positions at Newport Beach based shopping center developer Donahue Schriber.

Kray was senior vice president at KBS Realty, where he facilitated acquisitions worth over $1.5 billion within his region. Before KBS, he was a partner in a venture that acquired non-performing loans in Japan. Tatala served as an acquisition associate at KBS Realty Advisors, where he was directly involved in the acquisition of more than $750 million of real estate investments totaling over five million square feet. He also was actively involved in the asset management of the company's western region portfolio.