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HISTORY OF OUR FIRM

William Beekman emigrated from the Netherlands to the Dutch Colony of New Amsterdam, together
with Governor Peter Stuyvesant in 1647 and became almost immediately active in real estate in Manhattan
as well as Upstate.

The Beekman Estate is a stock corporation incorporated by descendants of William in the year
1905 (before “Inc.” came into use). Its real estate consists primarily of properties in Manhattan held for
long periods of time by the Beekmans. It is called The Beekman Estate because its basis is properties
which Senator James William Beekman (1815-1877), owner of Beekman Place, had owned and developed

His descendants continue to control a majority of the stock of the corporation and in recent years have
diversified by investing in Westchester County, Connecticut and New Jersey.

The properties are mostly commercial, and are
maintained in first-class fashion.