OUR PROCESS
3
CAPEX + REPOSITIONING
•Address deferred maintenance needs
•Renovation of interiors
•Exterior improvements, aesthetic enhancement
•Make value-additive spec improvements
•Reposition and rebrand
•Institutionalize management & leasing
1
TARGET MARKET SELECTION
•Long-term population growth
•Employment growth & corporate relocations
•Pro-business tax & regulatory environment
•Robust STEM & manufacturing labor
•Relative affordability
•Quality of life
2
BUILD ROBUST PIPELINE
•Establish depth of broker relationships
•Build direct & off-market deal flow
•Underwrite multiple properties extensively
•Selectively invest in attractive assets
•Aggregate with focus on portfolio construction
5
STRATEGICALLY EXIT
•5-7 year anticipated hold period
•Increased liquidity due to portfolio scale
•Target institutional buyers, PE or REIT
•Run an efficient broadly marketed process to maximize exposure & competitive pricing
4
STABILIZE PORTFOLIO
•Lease-up vacancies, stabilize occupancy
•Mark rents to market upon lease rollover
•Renew tenancy and enhance WALT
•Re-tenant for optimal use and credit
•Improve operational efficiencies & systems