applied real estate analysis (area), inc
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Applied Real Estate Analysis (AREA), Inc.
Applied Real Estate Analysis (AREA), Inc., is a real estate and public policy planning firmoffering a wide range of professional services and expertise to its clients. Real estateservices include:
Site-specific market and financial feasibility analyses for residential, retail, office, industrial, hotel,and special-use properties
Real estate portfolio evaluation
Due diligence reviews
Housing and community-development program planning, design, and evaluation
Appraisal
AREA assists both private and public sector clients in evaluating real estate investments andholdings. Our clients include numerous private developers active in local markets as well asmajor national firms, such as Jones Lang LaSalle, Forest City Science + Technology Group,and Related Companies. Key relevant assignments include the following:
AREA is assisting the City of Kansas City, Missouri’s Housing and Economic DevelopmentFinance Corporation in transferring assets from receivership to the City and developing capacityto administer its real estate portfolio and housing programs.
AREA helped the Chicago Department of Aviation assess the potential for developing publiclyowned land at O’Hare International Airport.
AREA conducts annual or semi-annual citywide residential market analyses to assist localhousing authorities in pricing rental housing in Los Angeles, Philadelphia, and other cities acrossthe country.
AREA assisted the Resolution Trust Corporation in establishing policy guidelines and proceduresfor management and disposition of its commercial real estate portfolio.
AREA regularly assists the U.S. Department of Housing and Urban Development as well as stateand local government agencies in designing new and evaluating existing programs to encouragehomeownership.
AREA is headquartered in Chicago and conducts market research and real estate investmentstrategies throughout the nation.
Applied Real Estate Analysis, Inc.914 S. Wabash, Chicago, Illinois 60605
Phone: 312-461-9332, Fax 312-461-0015, www.areainc.net
Bulls Capital Partners, LLC
Bulls Capital Partners (BCP) is a minority controlled Joint Venture betweenBulls Multifamily and Goldman Sachs. The firm provides financing and assetmanagement services for financial assets including mortgages made underthe Fannie Mae Delegated Underwriting and Servicing program with a focuson multifamily investments.
BCP has worked with some of the nations largest institutional investors aswell as regional firms and entrepreneurs. Representative clients includemajor investment managers RREEF and LaSalle Investment Managementas well as CAPREIT, a publicly traded REIT.
BCP is a minority controlled firm with over 60% of employees from a diversebackground. The firm currently manages assets of approximately $500 million.The principals of BCP are experienced real estate professionals with over 35years of combined experience in all phases of commercial real estate.Herman Bulls has been a significant participant in the financing anddevelopment of over 200,000 military housing units working with the Army andAir Force. As an International Director at Jones Lang LaSalle he has workedextensively with all real estate types including office, retail, industrial,multifamily and hotels.
BCP provides services on a National basis.
BCP has 10 full time employees and established relationships with GoldmanSachs and SunTrust as equity and strategic partners respectively. BCPheadquarters are in the Washington, DC area.
Bulls Capital Partners, LLC:8330 Boone Blvd. 8th Floor, Vienna, VA 22182
Phone (202)256-1814, Fax (703)848-8006www.Bullscapitalpartners.com, E-mail: [email protected]
Herman E. BullsPresident & CEO
Post Villages Apartments $85 millionfinancing for RREEF
Capri Capital Partners, LLC
Capri is a privately-held, SEC-registered commercial real estate investmentadvisory firm headquartered in Chicago, Illinois with extensive experience ininvesting in the urban marketplace Led by Quintin E. Primo III, Chairman and CEO with 28 years of institutional real estate
experience Investment function directed by Louis W. Hoyes with 32 years of real estate experience
including executive positions with Fannie Mae and Citigroup Provides advisory services to a number of the nation’s largest pension fund and
institutional investors Minority-owned firm with an extremely diverse employee group, that is committed to
fostering corporate citizenship throughout the company since its inception (83% of allemployees are women and/or minorities)
As of June 30, 2008, assets under management totaled approximately $5.3 billion Capri is an experienced real estate investor with demonstrated performance
across equity and debt investment formats in major commercial and residentialproperty markets Broad spectrum of equity, debt and structured finance products Separate account and commingled fund vehicles Equity and structured finance investment capabilities Investment strategies focused in top 25 domestic markets
Capri has a demonstrated track record in the urban marketplace Over the last five years, Capri has made 63 separate real estate investments in urban
markets representing $4.5 billion of gross property value totaling over $1.3 billion of directequity or structured finance investments
Capri employs approximately 50 highly qualified professionals, including 9partners that compromise the investment committee.
Capri Capital Partners, LLC875 North Michigan Avenue, Suite 3430
Chicago, Illinois 60611www.capricapital.com
Baldwin Hills Crenshaw Plaza
208 South LaSalle
Cedar Hill Real Estate Partners, LP
Cedar Hill Real Estate Partners, LP, is a privately-held commercial real estateinvestment management firm headquartered in New York, NY. It is 100%minority-owned and managed. The firm’s investment strategy focuses oncreating real value at the asset level through development, redevelopment orrepositioning, resulting in high margins, low cost-bases and multiple exitstrategies throughout the lifecycle of each investment. It primarily invests injoint ventures with local operating partners in high-barrier-to-entry marketsthroughout the United States.
Cedar Hill Real Estate Partners, LP currently manages Cedar Hill Real EstateFund, LP and Cedar Hill Real Estate Parallel Fund, LP (jointly, “Fund I”).Fund I is structured as a private-equity fund and has $43.35 million incommitted equity from limited partners. The estimated pro-rata costs of FundI’s current investments is in excess of $200 million.
Current Investments
Cedar Hill Real Estate Partners445 Park Avenue, 5th FloorNew York, New York 10022P: 212-201-5830 F: 212-201-5801
1 North Charles: Redevelopment, lease-up of 290,619 sf office tower in CBD
of Baltimore, MD. Purchased 66% occupied at very low cost basis in 88%
occupied submarket. $5MM redevelopment program.
South Market Street: Assemblage of 14-parcel, 25-acre site on southeast
bank of Christina River in CBD of Wilmington, DE. Master plan of build-to-
suit office campus for credit tenant.
1105 North Market: Repositioning, lease-up of 169,494 sf office tower in
CBD of Wilmington, DE. Purchased 54% occupied at low cost basis in 90+%
occupied submarket. Upgrades, aggressive leasing strategy.
Justison Landing: Assemblage of 5-parcel, 10-acre site on northwest bank of
Christina River in CBD of Wilmington, DE. Current development includes 333
residential for-sale/apartment units and 24,500 sf of retail.
Roaring Fork Mountain Lodge - Aspen: Development of a 245,000 sf luxury
lodge at the base of Aspen Mountain, CO. 32 ski-in/ski-out fractional units,
membership sales, spa, clubroom, restaurant/bar, rooftop pools, parking.
Roaring Fork Club: Expansion of existing 280-acre Club in Basalt, CO.
Currently 48 luxury cabins, 12 suites, Members Lodge and 18-hole Nicklaus
golf course. Expansion of 200-acres, 32 cabins, spa, fitness center.
Roaring Fork Mountain Lodge - Snowmass: Development of a 261,000 sf
luxury lodge on slopes of Snowmass Mountain, CO. 33 ski-in/ski-out fractional
units, membership sales, spa, clubroom, restaurant/bar, pools, parking.
One Snowmass Place: Development of 20-unit luxury residential property in
new Snowmass Base Village, CO. Spacious units, mountain club, parking.
Mayacama Golf Club: Redevelopment of existing 675-acre Club in Sonoma
County, CA. Currently 10 casitas, clubhouse, 18-hole Nicklaus golf course,
tennis, spa. Planned 10 casitas, 19 villas, 10 cottages, amenity upgrades.
aloft Portland: Mezzanine financing for development and stabilization of 136-
key Starwood aloft hotel in Portland, OR. Full completion, repayment and debt
service guaranty provided.
Amachie K. Ackah, Managing Partner
One North Charles, Baltimore, MD
Justison Landing Rendering, Wilmington, DE
CITYVIEW
CityView is the registered trade name for a series of separate accounts and co-mingled funds that focus theirinvestments and asset management exclusively on national urban workforce residential projects. Currentlythree vehicles represent a total equity capacity of $740 million representing approximately $2 billion in projectcapacity. Equally as important, the CityView entities have the specialized capacity to manage residentialassets, especially entry level for-sale projects. CityView has also developed the ability to manage thedevelopment, marketing, refinancing, repositioning and sale of distressed residential projects includingbuilder/buyer new mortgage qualifications/products, rental and lease-to-own strategies.
CityView is principally a Latino owned company and 65% of its staff is comprised of minority and women.
CityView currently manages $2 Billion of real estate assets.
CityView currently manages three separate investment vehicles:
CityView West - $332MM Equity Separate Account focused on five western states
CityView America - $255MM Equity Separate Account focused on the remaining 45 states
CityView Los Angeles - $153MM Equity Co-Mingled Fund focused on Los Angeles County projects
CityView has become an industry leader in the investment of equity capital in the urban infill residentialhomebuilding sector. Combining subject matter expertise, systematic investment discipline, and soundjudgment, CityView has developed a proven track record of producing above expected financial returns.
CityView has successfully implemented its “Beyond Capital” approach to further its competitive advantageby providing expertise, products and services that deliver significant non-financial value added benefits to itsprojects and partners.
CityView invests nationally across the United States and is currently developing or owns over 7,000 units in12 states.
CityView actively manages its portfolio with 33 professionals and has offices located in the following cities: Los Angeles (Corporate Headquarters)
San Antonio
New York
Dallas
10877 Wilshire Blvd – 12th FloorLos Angeles, CA 90024
210-862-6000www.cityview.com
Victor MiramontesVice Chairman
Gateway Investment Partners
Gateway is a privately-held, student housing real estate investment anddevelopment firm headquartered in Tallahassee, Florida and a leader incomplex structures and the urban student housing marketplace.
Gateway (and its affiliated entities) is a full service student housing firm consisting ofasset & property management, development, public private partnerships financed withtax exempt bonds and institutional equity joint ventures. The firm is also active in theacquisition of underperforming multi-family properties near universities from privateowners or lenders for value added repositioning and reinvestment.
Minority-owned and managed firm (30% of employees are underrepresented minorities.)
The firm and its affiliates have completed over 6,000 beds of student housinginvestment and co-development totaling over $200 million dollars.
Successful components of the business lines include: Successful development platform at Historically Black Colleges and Universities with a
demonstrated shortfall of student housing at four universities totaling 2,136 beds
Acquisition of D+/C- underperforming or under valued multi-family near universities tohigh quality performing student housing generating over 3X return of capital invested
Two public private partnerships involving Brownfield redevelopments and EPA Region 6revitalization of contaminated property.
Gateway’s primary markets are east of the Mississippi River and Texas, whichincludes Houston, Corpus Christi and Huntsville, as well as college markets inIllinois, Tennessee, Mississippi, Louisiana and Florida.
The firm and its affiliated operating partners include 4 Principals and over 100property-level employees located in Tallahassee, Florida (HQ), Dallas, Texas,and Newark, New Jersey.
4909 North Monroe StreetTallahassee, Florida 32303
V: 850.562.1100 F: 850.536.0315
MacFarlane Partners
MacFarlane Partners is a real estate investment manager that focuses exclusively oninvestments that promote smart growth and/or urban revitalization. Founded in 1987, the firmpioneered the urban investment concept among institutional real estate managers in the mid-1990s and today is a preferred capital provider for property development and redevelopmentprojects in urban and high-density suburban areas nationwide.
Manages three urban development/redevelopment funds and a venture that invests inemerging/growth real estate developers active in urban property markets on behalf of some of thelargest pension plans and institutions in the world.
Minority-owned firm with a diverse workforce (55% of all employees are women, 45% areracial/ethnic minorities) and a corporate ethic of giving back to the communities in which it investsand operates.
Manages $2.5 billion in institutional equity and $11 billion in real estate assets.
Over the past 12 years, has helped develop, redevelop or reposition $18 billion in urbanproperties that encompass 20 million square feet of commercial space and 25,000 multifamilyhousing units, including 1,000 units designated for low-income residents.
Focuses on a select number of top-tier metropolitan areas, such as Los Angeles, New YorkCity, the San Francisco Bay Area and Washington, D.C.
Employs approximately 70 professionals and administrative personnel in its San Franciscoheadquarters and offices in Los Angeles; Washington, D.C.; and the greater New Yorkmetropolitan area.
201 Spear Street, 14th Floor; San Francisco, CA 94105415.356.2500 (tel); 415.356.2511 (fax)
Victor B. MacFarlaneManaging Principal, Chairman & Chief Executive Officer
Time Warner Center
New York City
BayStreetEmeryville
S.F. Bay Area
Presidio Partners
Presidio Partners LLC is a privately-held, FINRA registered broker dealer with a focus oncommercial real estate investment advisory and management. The firm is headquartered in SanFrancisco, CA. The firm is recognized as a leading boutique real estate advisory and equity capitalplacement firm having raised over $11 Billion of equity capital over the past 5 years.
In the role of Investment Advisor and Placement agent, the Principals have completedengagements for over 25 clients domestically and internationally. These engagements haveincluded debt and equity placements for many of the leading real estate Fund Managers in theUnited States, United Kingdom, European, Asian, and Indian markets.
The firm is minority controlled. The Principals were formerly the Real Estate Private EquityPractice of Banc of America Securities LLC.
Currently, Presidio serve on the Boards of numerous private Fund Management companies withover $3.8 Billion in assets under management.
Currently the firm directly manages $45 million of equity via a Commingled Fund which has beeninvested in Asia, the United Kingdom, Europe, and India.
Principals of the firm have served in a senior capacity with Banc of America Securities LLC, JonesLang LaSalle, Inc., Merrill Lynch, GE Investment Advisors, JP Morgan and Lehman Brothers.
The Principals have collectively over 25 years of asset management experience as assetmanagers within LaSalle Investment Management, a wholly owned subsidiary of Jones LangLaSalle Inc and GE Investment Advisors. This experience encompasses office, retail, industrial,parking, and multi-family assets.
The Principals have extensive experience in strategic analysis of highly complex transactionsincluding Pebble Beach Sports Group, Beacon Capital Partners and RLJ Urban Lodging.
The firm’s offices are located in San Francisco, CA and Chicago, IL.
Currently, the firm has 9 employees with expertise in equity capital raising, investment managementand asset management.
150 North Wacker Drive Suite 1250Chicago, IL 60606
Phone (312) 422-0181Fax (312) 422-8612
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Red Rock Global, LLC & GVA Advantis Advisors, LLC
Red Rock Global, LLC and its subsidiary GVA Advantis Advisors, LLC (collectively“RRG/GVAAA”) provide corporations, institutional real estate owners, government agenciesand other real estate owners a broad range of real estate services, focusing on difficult andcomplex assets in metropolitan markets. RRG/GVAAA’s certifications include MBE AtlantaPublic Schools, City of Atlanta, Atlanta Housing Authority; National, Georgia and FloridaMinority Supplier Development Council; and The Commonwealth of Virginia’s Small Womanand Minority business certification.
RRG/GVAAA provide transaction management, strategic planning and advisory services, projectmanagement, construction and development management, facilities and property managementand property database administration.
RRG/GVAAA are minority-controlled and managed, with a management team that is 70%minority and 35% female.
Leading partner in GVA Worldwide affiliation, an international organization of more than 3,750real estate industry leaders throughout 95 global markets.
RRG/GVAAA, as a service provider, manages and supports over 20 million square feet of realestate assets throughout the United States.
350 people, including approximately 130 commercial real estate professionals, in 14southeastern US markets
2007- more than 20 million square feet, and 24,000 acres of land sales and leasing, totaling$1.5 billion
RRG/GVAAA has represented a number of public and private entities, such as PNCDevelopment Bank in Cincinnati, Miami Dade Housing, Miami Dade Transit, Miami DadeEmpowerment Trust, Miami Parking Authority, Atlanta Housing Authority, Atlanta PublicSchools, Commonwealth of Virginia, The Coca-Cola Company, Turner Properties, UrbanAmerica, Touchstone Partners and many others.
Red Rock Global, LLC & GVA Advantis Advisors, LLC:200 Galleria Parkway Suite 1250 Atlanta, GA 30339
404.815.1819 phone, 404.815.0399 fax, www.redrockglobal.net
RMC Development, LLC
RMC Development, LLC, is a full-service real estate development, finance and investmentcompany with a focus on local and Federal public-private projects including major mixed-use,transit-oriented development (TOD) and base closure (BRAC).
RMC’s current clients and partners include municipalities, publicly traded companies, national andglobal real estate firms focused on Federal public-private partnerships, and high net worthindividuals seeking to maximize the return on their investment in real estate.
The Company is minority owned and controlled with offices in Columbia and Annapolis, MD.
RMC spearheads the redevelopment of a former military base into a $250 million, 46-acrewaterfront office campus across from the U.S. Naval Academy in Annapolis, MD. RMC is alsoengaged in a national joint venture with Actus Lend Lease to acquire and redevelop majorclosed military bases from the Department of Defense’s 2005 round of BRAC.
RMC’s transaction experience includes asset management, property management, advisoryservices, construction and development management, GSA procurements, privatized militaryhousing, transit-oriented development and military base conversion (BRAC).
The firm is primarily focused on public-private transactions in the greater Washington D.C.-Baltimore region as well as New Jersey and Atlanta, Georgia.
8630-M Guilford RD, Suite #128301-604-7081 , 301-560-8190 (Fax) website: www.rmcdevelopers.com email: [email protected]
David Taylor Research Center - Annapolis, MD
UrbanAmerica LP
New York City-based UrbanAmerica LP (“UA”), a minority controlled, real estate private equity fund foundedin 1998, is among the first investment advisors to participate in the revitalization of urban centers throughinvestment of institutional capital in commercial real estate. UrbanAmerica is an investment advisor, fund manager and has its own in-house asset management team as well
as construction team through its partnership with Fisher Brothers, who owns Plaza Construction.
The Company is proud to count among its investors the nation’s largest public and private pension funds, banksand insurance companies.
UrbanAmerica is a minority owned firm with a diverse team across all levels from management to support staff.
UA has raised $521 million in equity within its two funds, UA Fund I and UA Fund II, has acquired over 8.1million sq. ft. and is developing assets valued at approximately $1.5 billion, including 2 Federal New MarketTax Credit allocations, totaling $125M.
UA's portfolio consists of anchored retail, residential and hospitality assets. The office portfolio ischaracterized by strong credit institutional tenants, including government services, academic institutions andhealth care providers.
UA has built an organization capable of executing replicable growth strategies with its governance, processand scalable systems. LACERA recognized this achievement by allocating the first investment under itsEmerging Manager Program to the Company in 2001.
UrbanAmerica owns properties in mass transit areas including: Atlanta, GA; Baltimore, MD; Boston, MA;Burlington, NJ; Daytona Beach, FL; Denver, CO; Detroit, MI; Fort Myers, FL; Ft. Lauderdale, FL; Houston,TX; Huntsville, AL; Kansas City, KS; Lanham, MD; Las Vegas, NV; Miami Gardens, FL; Miami, FL; Mt.Vernon, NY; Naples, FL; Norfolk, VA; Orlando, FL; Philadelphia, PA; Port Charlotte, FL; Providence, RI;Sacramento, CA; San Diego, CA; Sarasota, FL; Suffolk, VA; Tampa, FL; Washington, DC; West PalmBeach, FL.
With its headquarters in New York, NY, UA has 5 regional offices located in Atlanta, Greater Dallas/Ft.Worth, Miami, Orlando and greater Washington D.C. UA employs 37 people which includes 8 officers, whotogether confer over 200 years of real estate experience, and 21 support staff personnel.
UrbanAmerica, L.P:30 Broad Street, 35th Floor, New York, NY 10004
Phone (212) 612-9100, Fax (212) 785-9419 and www.urbanamerica.com
International Plaza Resort & SpaOrlando, FL
Computer Sciences Corp. BuildingNew Carrollton, MD
Richmond S. McCoyPresident & CEO/CIO
Urban Strategy America (USA) Fund
Urban Strategy America (USA) Fund is a triple bottom-line fund that aims todeliver a competitive rate of return on investments while revitalizing ourinvestors’ communities through economic development, job creation, housingcreation, tax base development, and empowerment of local joint venturepartners, while promoting “green” environmentally conscious initiatives.
USA Fund is a fund manager that invests in Real Estate for our Pension Fund, Bank,Insurance Company, and Corporate investors.
USA Fund is minority-managed by its President, Kirk Sykes and has a diverseworkforce and mandate to utilize minority and women firms in the execution of theFund.
USA Fund is the seventh fund managed by New Boston Fund, Inc. anindependent, privately-owned real estate investment firm that has raised over$1 billion in equity capital with almost $4.5 billion in acquisition anddevelopment activity since 1993.
USA Fund is an Urban Economic Development Fund that invests in emergingdomestic markets and seeks a triple bottom-line return.
USA Fund is a closed-end comingled fund
Market Focus: Northeast, Mid-Atlantic and Southeastern USA
200 employees with offices in Boston, MA, Hartford, CT, Washington, DC andDel Ray Beach, FL.
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60 State Street, Suite 1500 Boston, MA 02109Telephone (617) 723-7760, Fax (617) 227-4727 Web: www.usa-fund.com
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Insert the Firm’sPremier Property /Project Image