9.2.2016

Governor’s Conference on

Housing

Brief Background on BPG

• The Buccini/Pollin Group, Inc. (Buccini/Pollin) is a privately-held, full-service real

estate acquisition, development and management company that has acquired or

developed real estate assets having a value in excess of $4.0 billion. This includes

26 hotels, 6 million square feet of office and retail space, 10 major residential

communities, and multiple entertainment venues spread across Delaware,

Pennsylvania, Maryland, New Jersey, New York, Virginia, Tennessee, Oregon and

Washington, DC.

• While our company’s footprint spans the entire United States, we remain heavily

focused on development in Wilmington, Delaware.

Recently Completed Projects • Market Street Village:

• 76 1-Bedroom & Efficiency Units

• Mix of affordable and Market rate units

• Delivered October-December, 2015 (3 different buildings)

• Occupancy:

– 839 Market (Walgreens): 24 of 24

– 6 E 3rd : 15 of 15

– 838 Market (WSFS): 30 of 37

Citi First Mortgage 16,106,339.00$

HDF 3,015,878.00$

Deferred Developer Fee 229,482.00$

Seller Financing 5,510,055.00$

Tax Credit Equity 753,857.00$

Developer Fee from Equity 385,259.00$

26,000,870.00$

Citi First Mortgage 4,547,272.00$

Citi Subordinate Loan Program 531,559.00$

DSHA HDF 2,745,000.00$

Seller Financing 5,510,055.00$

Deferred Developer Fee 127,240.00$

Additional LIHTC Equity 4,347,905.00$

Federal Historic Tax Credit Equity 3,684,069.00$

State Historic Tax Credit Equity 4,507,770.00$

26,000,870.00$

Sources During Construction

Perm Sources

MARKET STREET VILLAGE

9th & Orange

Orange St. Façade Burton Place & Shipley

Projects Under Construction

Projects Under Construction

That’s a person!

The Big Picture .

365 2003 1,626 2016 1,954 2020

The Buccini/Pollin Group’s Multifamily Developments in Wilmington, Delaware