| Prior Investment Track Record |
| 2004 to Present |
| ($ in millions) |
| |
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| Realized Investments |
|
|
Year of Initial |
|
Total Equity |
Realized |
Unrealized |
Total |
Gross |
Gross Return |
| Property/Portfolio Name |
Location |
|
Investment |
|
Invested |
Proceeds |
Value |
Value |
IRR |
Multiple |
| |
|
|
|
|
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|
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|
|
|
| 147 Waverly Place |
New York, NY |
|
2004 |
|
17.1 |
|
32.4 |
|
– |
|
32.4 |
|
35.2{%} |
|
1.9x |
|
| 627 Greenwich Street |
New York, NY |
|
2005 |
|
12.6 |
|
– |
|
– |
|
– |
|
NM |
|
0.0x |
|
| Quik Park (I) [36] |
NJ/FL/PA/NY |
|
2005 |
|
8.3 |
|
23.8 |
|
– |
|
23.8 |
|
24.4{%} |
|
2.9x |
|
| Clarendon Gardens |
Brooklyn, NY |
|
2007 |
|
6.2 |
|
10.5 |
|
– |
|
10.5 |
|
7.2{%} |
|
1.7x |
|
| Haviland Portfolio [8] |
Bronx, NY |
|
2008 |
|
1.4 |
|
0.1 |
|
– |
|
0.1 |
|
NM |
|
0.1x |
|
| Norwood Portfolio [4] |
Bronx, NY |
|
2008 |
|
1.3 |
|
1.6 |
|
– |
|
1.6 |
|
4.0{%} |
|
1.3x |
|
| The Element at Metro West |
Ontario, FL |
|
2010 |
|
6.8 |
|
20.9 |
|
– |
|
20.9 |
|
50.8{%} |
|
3.1x |
|
| Cielo Vista |
Rialto, CA |
|
2010 |
|
3.5 |
|
6.9 |
|
– |
|
6.9 |
|
32.3{%} |
|
2.0x |
|
| BelAire Boca Club (I) |
Boca Raton, FL |
|
2010 |
|
9.8 |
|
22.9 |
|
– |
|
22.9 |
|
25.3{%} |
|
2.3x |
|
| Lansbrook Village |
Palm Harbor, FL |
|
2011 |
|
12.5 |
|
36.0 |
|
– |
|
36.0 |
|
47.5{%} |
|
2.9x |
|
| Signature Ridge |
San Antonio, TX |
|
2011 |
|
18.3 |
|
39.7 |
|
– |
|
39.7 |
|
25.5{%} |
|
2.2x |
|
| Sub-Total |
|
|
|
|
$97.7 |
|
$194.9 |
|
$- |
|
$194.9 |
|
18.5{%} |
|
2.0x |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized Investments |
|
|
|
|
|
|
|
|
|
|
|
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|
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| |
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|
|
|
| 111 Leroy Street |
New York, NY |
|
2005 |
|
6.7 |
|
– |
|
12.6 |
|
12.6 |
|
7.4{%} |
|
1.9x |
|
| Liberty Portfolio [11] |
NJ, PA, FL, NY11 |
|
2007 |
|
9.0 |
|
– |
|
12.3 |
|
12.3 |
|
4.0{%} |
|
1.4x |
|
| Riverside Heights |
Rialto, CA |
|
2010 |
|
2.5 |
|
0.9 |
|
5.2 |
|
6.1 |
|
23.1{%} |
|
2.5x |
|
| Arlington Heights Evergreen |
Riverside, CA |
|
2010 |
|
4.4 |
|
1.7 |
|
9.1 |
|
10.8 |
|
23.6{%} |
|
2.5x |
|
| 40 Mercer Street |
New York, NY |
|
2010 |
|
2.8 |
|
3.9 |
|
4.8 |
|
8.8 |
|
27.0{%} |
|
3.1x |
|
| The Watermarke |
North Miami, FL |
|
2012 |
|
14.3 |
|
– |
|
16.5 |
|
16.5 |
|
5.9{%} |
|
1.2x |
|
| Quik Park (II) [101] |
NJ/FL/PA/NY |
|
2012 |
|
2.4 |
|
0.6 |
|
3.6 |
|
4.2 |
|
29.5{%} |
|
1.7x |
|
| Madison Oaks |
Palm Harbor, FL |
|
2012 |
|
4.9 |
|
– |
|
6.4 |
|
6.4 |
|
12.5{%} |
|
1.3x |
|
| BelAire Boca Club (II) |
Boca Raton, FL |
|
2014 |
|
16.9 |
|
– |
|
16.9 |
|
16.9 |
|
NM |
|
1.0x |
|
| Mission Club Villas |
Orlando, FL |
|
2014 |
|
11.6 |
|
– |
|
11.6 |
|
11.6 |
|
NM |
|
1.0x |
|
| Sub-Total |
|
|
|
|
$75.5 |
|
$7.0 |
|
$99.1 |
|
$106.1 |
|
10.0{%} |
|
1.4x |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
$29.9 |
|
$39.7 |
|
$11.6 |
|
$51.3 |
|
15.7{%} |
|
1.7x |
|
| Pro-Forma Net IRR |
|
|
|
|
|
|
|
|
|
|
|
|
10.6{%} |
|
|
|
