GEORGETOWN SENIOR HOUSING January 5, 2012 THE NRP GROUP - - PowerPoint PPT Presentation

GEORGETOWN SENIOR HOUSING January 5, 2012

THE NRP GROUP - EXPERIENCE EXPERIENCE QUICK FACTS QUICK FACTS Full-service real estate company founded in 1994 (Development, • General Contracting and Property Management) More than 275 years of collective executive team experience and • 400+ employees nationwide. Developed over 17,000 units in 12 states, and manages 10,000+ • residential units NATIONAL MULTIFAMILY DEVELOPER NATIONAL MULTIFAMILY DEVELOPER National Presence: Texas, Arizona, • Florida, Indiana, Louisiana, Michigan, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia One of the Top 10 Multi-Family • Developers in the United States

OUR COMPANY DEVELOPMENT - The NRP development team handles every aspect of development DEVELOP from concept to completion  With every new project, the team reviews and details the many elements that contribute to success: site selection and zoning, market studies, and designs that combine the most desirable features for each market.  NRP partners with local governments, financial institutions and neighborhood organizations on its many multi-family, single-family infill, and senior housing . TION - NRP Contractors is a full-service General Contractor providing a CONSTR CONSTRUC UCTION range of services to maximize cost efficiency and productivity  Licensed in 12 states, NRP Contractors has built over 17,000 multifamily and senior units across the nation and has honed its skills to place a priority on key architectural features while expediting timelines to meet objectives  Services include conceptual estimating, project management, design, consultation, civil engineering, architecture and budget development. GEMENT - NRP Management is a full-service property manager overseeing MA MANA NAGEME 10,000 multi-family, single-family and senior rental units  The team includes specialists in corporate compliance, accounting, operations, marketing and leasing support as well as on-site expertise in community management, leasing and maintenance at each community.  NRP Management provides expertise in initial lease-ups, on-going operations, market analysis, asset management, maintenance and training.

WHAT SETS US APART? Commitment to collaboratively work • with communities Award Winning Communities • Quality Design & Construction • Development, Construction & Property • Management under the same company Tailored resident services • Courtesy Officer Initiative •

SUCCESSFUL COMMUNITIES RESIDENT SERVICES RESIDENT SERVICES SELECTION CRITERIA SELECTION CRITERIA Rigorous Screening Process: Senior and Family Activities • • Credit and Criminal Background Checks Community Gatherings • • Stringent Income Qualifications On-Site Coordinator • • Annual Recertification Local Service Providers • • HOMEWORK FIRST • In-House Management Company • SECURE COMMUNITIES SECURE COMMUNITIES Strict Zero-Tolerance Policy • Courtesy Officer Program: • Off-Duty policemen • Patrol at different intervals throughout day • and night Frequent Credit/Criminal Background Checks • Membership and Participation in Neighborhood • Associations and Crime Watches

THE MIRABELLA SENIOR– SAN ANTONIO, TX BEFORE Partner: San Antonio Housing Authority Location: San Antonio, TX Project Cost: $18,089,132 Financing: LIHTC Equity, Conventional Debt City of San Antonio & Bexar County HOME Funds , City Public Service Unit Mix: 172 units total AFTER 1 and 2 bedrooms

THE ALHAMBRA SENIOR– SAN ANTONIO, TX BEFORE Partner: San Antonio Housing Authority Location: San Antonio, TX Project Cost: $10,491,000 Financing: LIHTC Equity, Conventional Debt City of San Antonio HOME Funds Unit Mix: 140 units total 1 and 2 bedrooms AFTER

COMMONS OF GRACE– HOUSTON, TX BEFORE Partner: G.C. Community Development Corporation Location: Houston, TX Project Cost: $11,369,752 Financing: LIHTC Equity, Conventional Debt City of Houston HOME Funds Unit Mix: 108 units total AFTER 1 and 2 bedroom

THE GIBRALTAR – CLUTE, TX BEFORE Partner: Northside Redevelopment Center Location: Clute, Brazoria County, TX Project Cost: $6,507,488 Financing: LIHTC Equity, Conventional Debt Brazoria County HOME Funds Unit Mix: 48 units total 1 and 2 bedroom AFTER

LOCATION LOCATION

OVERALL CONCEPT AND OVERALL CONCEPT AND FINANCING PROPOSAL FINANCING PROPOSAL 9% LIHTC • 120 Affordable Senior Housing • Units Full Taxes @ $800 unit • Local Engineering and Third • Party Subcontractors

BENEFITS TO THE COMMUNITY Build on existing strengths in the neighborhood and strengthen older • neighborhoods Provide much needed quality affordable housing for seniors. • Opportunity for families to move their parents closer to their home. • Job creation through re-investment • Construction activity spurs other types of development: • Commercial / Retail • Additional Residential •

NRP TEXAS NRP TEXAS DEVELOPMENTS EVELOPMENTS Auburn Square – 80 Units – Vidor, TX Costa Esmeralda ‐ 112 units ‐ Waco, TX • • Race Street Lofts – 36 Units – Fort Worth, TX Woodmont Apartments ‐ 252 units ‐ Fort Worth, TX • • Terrell Homes – 54 Units – Fort Worth, TX Costa Mariposa ‐ 252 units ‐ Texas City, TX • • Golden Bamboo Village III – 120 Units – Houston, Four Seasons at Clear Creek ‐ 96 units ‐ Fort Worth, TX • • TX Encino Pointe ‐ 252 units ‐ San Marcos, TX • Haven for Hope – 140 Units – San Antonio, TX Casa Brazoria ‐ 36 units ‐ Clute, TX • • Costa Tarragona 2 – 96 Units – Corpus Christi, TX Golden Bamboo Village II ‐ 116 units ‐ Houston, TX • • La Terraza at Lomas del Sur – 120 Units – Laredo, Montabella Pointe ‐ 144 units ‐ San Antonio, TX • • TX Crestshire Village ‐ 74 units ‐ Dallas, TX • Cevallos Street Lofts – 252 Units – San Antonio, TX Tierra Pointe ‐ 80 units ‐ Karnes City, TX • • Villas at Costa Cadiz ‐ 172 units ‐ San Antonio, TX Cevallos Lofts ‐ 252 units ‐ San Antonio, TX • • San Juan Square ‐ 143 units ‐ San Antonio, TX Playa del Pueblo – 96 Units – Midland, TX • • Costa Valencia ‐ 230 units ‐ San Antonio, TX Azure Pointe – 140 Units – Beaumont, TX • • The Villas at Costa Tarragona ‐ 250 units ‐ Corpus Oasis Cove – 64 Units – Canadian, TX • • Christi, TX Costa Mirada ‐ 212 units ‐ San Antonio, TX • Costa Almadena ‐ 176 units ‐ Corpus Christi, TX • Costa Verde ‐ 188 units ‐ Clute, TX • Costa Rialto ‐ 216 units ‐ Houston, TX • Costa Vizcaya ‐ 252 units ‐ Houston, TX • San Juan Square II ‐ 144 units ‐ San Antonio, TX • Costa Ibiza ‐ 216 units ‐ San Antonio, TX •

TIMELINE TIMELINE FOR FOR 9% LIHTC DEVELOPMENT 9% LIHTC DEVELOPMENT Pre-Application: January 10, 2012 • Applications Due to TDHCA: March 1, 2012 • Awards Announced: Late July 2012 • Financing Close: Spring/Summer 2013 • Construction will commence immediately upon closing the financing • First building and community space completed within 8 months • Construction Completion within 12 months •