Expertise in the Medical Office Building Platform 1
Disclaimer Confidential Memorandum Disclaimer This document and any other materials accompanying this document (collectively, the “Materials”) are confidential . By accepting any Materials, the recipient acknowledges and agrees to keep the Materials confidential and not to distribute the Materials to any other party without the express consent of PrimeMed Realty LLC (“PrimeMed”, “Sponsor” or “General Partner”). Prospective investors and their advisors should read the Securities Disclosure Notices And Risk Factors section of any offering materials or private placement memorandums ("PPM Documents") that accompany these Materials carefully. These Materials do not provide, and should not be construed as: accounting, legal, regulatory, tax, business, financial or related advice or investment recommendations. You must read and understand these Materials and any PPM Documents relating to specific PrimeMed Realty investment opportunities before making an investment decision. You should consult your advisors before making an investment decision. Certain Risks: There are certain risks associated with alternative investments generally and certain risks associated with each alternative investment transaction that may be managed by PrimeMed Realty. For example, such investments can experience volatile results and an investor or limited partner-type participant could lose some or all of the capital contributed to this investment transaction. An alternative investment is very speculative and involves a high degree of risk and may not be suitable for all investors. Further, such an investment is illiquid, due to the lack of registration and the absence of a current or expected secondary market for interests or shares. PrimeMed Realty investment strategies typically involve investment in an asset that is secured by a first lien mortgage interest to a bank or similar lender. In cases where PrimeMed Realty investment assets are subject to a first lien mortgage, PrimeMed’s interest in such assets will be subordinate to (i.e., lower priority) than such lender’s first-lien interest. PrimeMed’s strategies may include non-performing, distressed and/or illiquid assets. High structuring and origination fees, asset management fees and an incentive fee or allocation may cause the manager to take greater risks than it ordinarily would without such fees. Real estate related risks include, but are not limited to, forward looking statements, speculation, illiquidity, economic and market conditions, limited operating history, reliance on management, conflicts of interest, no guaranteed cash flow, real estate risks, tenant credit risk, financing risks including interest rates, short-term purchase loans or construction loans, and refinancing risk, risks of joint ventures including reliance on property managers, and tax risks. Please consult PPM Documents for a full discussion of risks and details regarding each PrimeMed Realty investment. PrimeMed Realty is privately owned, is not registered with the SEC or any similar regulatory authority, and it relies on two senior executives that oversees all origination, execution and transaction management activities. A detailed PrimeMed Realty disclosure statement is available upon request. This is not a complete description of the risks associated with an alternative investment or participation in an investment managed by PrimeMed Realty. PrimeMed Realty investments are only suitable for accredited investors who can bear the risk of potentially losing their entire investment. Historical Results: This summary contains results and data from prior investments managed or originated by PrimeMed Realty. None of this data has been audited. When considering the results and related data presented in this memorandum, you should bear in mind that the historical results of the investments that PrimeMed Realty have managed or originated in the past are not indicative of the future results that you should expect from us. Forward-Looking Statements: This summary contains forward-looking statements. You should not place undue reliance on these statements. Forward-looking statements include information concerning possible or assumed future results of operations, goals and objectives for future operations, including descriptions of PrimeMed’s investment strategies and potential future transactions, among other things. These statements are typically identified by words such as “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate” and similar expressions. PrimeMed Realty based these statements on its perception of historical trends, current conditions, expected future developments and other factors that PrimeMed Realty believes are appropriate under the circumstances. When reading and considering the information in this summary, you should understand that these statements are not guarantees of performance or results. In light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in this summary will in fact transpire. Neither PrimeMed Realty, or any of their respective affiliates or representatives, makes any representation as to the accuracy and completeness of any of the information contained in these Materials or any other written or oral communication. While the information is believed to be accurate, only those representations and warranties, which may be made in one or more definitive written agreements shall have any legal effect. Materials herein prepared on November 25, 2019. 2 CONFIDENTIAL
Index 1. PrimeMed Realty Overview 04 2. Our Properties 12 3. Our Pipeline 21 4. Overview of the Healthcare Real Estate Sector 23 5. Deep Dive into Medical Office Buildings (MOB) 26 3 CONFIDENTIAL
1. PrimeMed Realty Overview 4 CONFIDENTIAL
PrimeMed Realty Overview Overview Competitive Advantages and Differentials PrimeMed Realty LLC is a national real estate investment firm, founded in Outstanding knowledge Team members with substantial background 2017, that exclusively focuses on medical office real estate in key location in of the Industry in Healthcare Real Estate. growing communities. PrimeMed Realty LLC seeks to acquire, and/or develop, medical office Investment expertise in building a Real Notorious Experience buildings that have a strong link to quality and sophisticated tenants. Estate Platform. As part of becoming a premiere medical landlord in the United States, Experience in acquisitions/dispositions, Exceptional Expertise In PrimeMed Realty provides a Tier One acquisition, asset, and property Real Estate operations, finance, advisory, Transactions management services. and consultation for medical buildings. Our principals share decades of experience in commercial Real Estate, Development, design-built, construction Vast Experience in mainly Healthcare, from the due diligence stage, through acquisition, management, and renovation / addition of Construction development, operations, and management. commercial real estate projects. PrimeMed Nona, Orlando, Florida 5 CONFIDENTIAL
Founders with Strong Background & Global Expertise The Founders Combines Excellent Business Management, Strong Background, and Global Expertise Ofer Stark, R.A, NCARB, LEED AP BD+C Chris Montello Co-Founder Co-Founder Mr. Stark is a licensed architect and a developer with a vast international Mr. Montello is a licensed real estate broker and an industry veteran with experience in designing and constructing commercial buildings in dozens of over 30 years of broad real estate experience. countries in four continents. His recent projects include medical office buildings and large commercial facilities. This experience provides a unique insight and expertise with the following healthcare properties; teaching hospitals, community hospitals, medical Between the years 2006 – 2013 Mr. Stark was directly involved with centers, medical office buildings, surgical centers, medical labs, acute care developing a medical offices platform along the east coast of the US for the hospitals, and rehabilitation centers. international Real Estate operator – Gazit Globe. He is experienced in balancing investor expectations with tenant demands. Mr. Stark brings his broad experience to large commercial developments Mr. Montello has vast experience managing properties, negotiating leases from the acquisition of the properties and due diligence, through design and and acquisitions. construction management. Mr. Montello served as the Chief Operating Officer for ProMed Properties, Mr. Stark carries a vast international experience in designing and building Inc., where he successfully organized the startup of an Asset Management out various medical clinics, such as ambulatory surgery centers, imaging division for the U.S. offices of an international real estate investment fund. centers, dialysis centers, dentistry, operating rooms, urgent care, and pediatric facilities. He significantly increased the value of the portfolio under direct management from one asset valued at $88 million to a division of seventeen assets totaling 1.8 million SF valued at approximately $700 million with medical office assets located in MA, NY, NJ, PA, MD, VA and FL. Most recently in 2013 Chris started a boutique healthcare real estate consulting firm offering a variety services inclusive of asset management, lease negotiation, site selection, due diligence services, construction management and valuation services. 6 CONFIDENTIAL
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