Source: Columbia Hospitality Inc.

SEATTLE, Wash. – Columbia Hospitality, a Seattle-based hospitality
management and consulting company, today announced a new management and operating
agreement with 5th and Madison, effective January 1, 2018. Situated in Seattle's retail district, the

24-story luxury condominium building joins Columbia Hospitality's esteemed portfolio of award-
winning properties, which includes the exclusive Escala condominium tower located nearby.

"We're thrilled to work with 5th and Madison to provide one of the best residential living
experiences in downtown Seattle," said Columbia Hospitality founder and CEO John Oppenheimer.

"We look forward to working with a like-minded team that shares our core values to showcase our
industry expertise in this bustling and demanding Seattle real estate market."

5th and Madison was touted as one of the top 10 green buildings in America when it was
completed in 2008, as it was one of the first in the country to obtain Gold Standard LEED-certified
status for its leadership in environmental design. The 126 units offer a variety of floor plans, ranging
from 800-square-foot one-bedroom units to 2,100-square-foot three-bedroom penthouses.

Residents enjoy premier amenities, including a fitness center and studio, an expansive outdoor
terrace complete with an off-leash pet exercise area, a private library, and controlled-access parking.
A 24-hour concierge team is available to assist with reservations and more.

"We are excited to work with an outstanding company like Columbia Hospitality," said Adina
Friedman, president of the homeowners' association. "We are confident that Columbia's expertise in
residential management and commitment to providing top-notch service will help create exceptional
experiences for all of our residents."

5th and Madison is conveniently located steps away from downtown's array of shopping,
dining and entertainment options and is in close proximity to major thoroughfares. For more
information, please visit www.5thandmadisoncondos.com.

About 5th and Madison

Built in 2008 and located in the Seattle's retail district, 5th and Madison is a 24-story luxury condominium building comprised of 126 units. It was touted as one of the top 10 green buildings in America when it was completed, as it was one of the first in the country to obtain Gold Standard LEED certification for its leadership in environmental design. The elegant tower offers a variety of homes, including one-bedroom units, one-bedroom units with dens, and two- and three-bedroom penthouses. Residents enjoy premier amenities, including a fitness center and studio, an outdoor terrace with a pet exercise area, a private library and controlled-access parking. A 24-hour concierge team is available to assist with reservations and more. For more information, please visit www.5thandmadisoncondos.com.

About Columbia Hospitality

Columbia Hospitality, Inc. (Columbia) is a Seattle-based hospitality management and consulting company that was established in 1995 by founder and CEO John Oppenheimer. Columbia's growing portfolio includes award-winning hotels, conference centers, distinctive venues, private and public golf facilities, restaurants and bars, and residential properties. Columbia creates exc eptional experiences for guests and team members while achieving phenomenal results for property owners. With over 25 years of proven success in management, Columbia has also consulted on over 200 hospitality projects worldwide, delivering a high level of customized service to partners and investors. For more information about Columbia and to view the entire portfolio, visit www.columbiahospitality.com.

Carley Fredrickson
Public Relations, GreenRubino for Columbia Hospitality
Columbia Hospitality Inc.