Henry Orlinsky President HR Real Estate Management Table of Contents - PDF document

Henry Orlinsky President

HR Real Estate Management Table of Contents I. Executive Summary Pg. 3 II. Corporate History Pg. 4 III. Executive Team Pg. 5 Contents Table of IV. Mission and Vision Pg. 6 V. Buildings Pg. 7 VI. Properties Pg. 8 VII. Accounting Services Pg. 13 VIII. Management Services Pg. 15 IX. PR for PR Pg. 19

HR Real Estate Management Executive Summary HR Real Estate Management has positioned itself as a major player in the re-development and vitalization future of Hato Rey. The company controls five of Hato Rey’s most attractive and stra- tegically located properties in the San Juan Metropolitan area at the heart of the financial cen- Executive Summary ter. Although market conditions have remained stagnant, we have been able to maintain high occupancy percentages and excellent Tenant relations. We have sold five floors in 221 plaza for an amount exceeding eleven million dollars. The sale of several units in this building are being negotiated. At 650 Plaza Condominium we have sold almost 50% of the building at over $300 per sq. ft. Other units are being leased and/or in various stages of the sales process. There are several compelling reasons why we strongly believe that all of the properties under our management have above average occupancy rates and upkeep. Location – All of our properties are strategically located with easy access to main avenues, highways, hospitals, schools, major shopping malls, Luis Muñoz Marín Interna- tional Airport, Hato Rey’s financial center, and within walking distance from the new light rail system referred to as “Tren Urbano” and the future department of jus- tice. Building Renovations – There has been lobby remodeling on all properties, additional retail space, refurbishment of all common areas, complete modernization and upgrade of ele- vators, the latest technology in security, parking equipment, and Wi-Fi internet access. 221 Plaza Before 221 Plaza After

HR Real Estate Management Corporate History Henry Orlinsky has been in the management and development of Real Estate in Puerto Rico since January 1990, HR Real Estate Management, (“HR”) was created on February 20th 1998 with the purpose of delivering commercial real estate management, brokerage and development services in Puerto Rico. Corporate History HR’s success in development and management is the result of years of experience, high commit- ment in service and its understanding of the local market. This commitment starts with the Presi- dent, HR’s team and ultimately an extensive collection of outstanding suppliers which we refer to as “extended team players.” All of our extended team players are committed to us 24 hours a day, 365 days per year. HR offers its clients a wide range of services in house, such as, mainte- nance, parking, security, construction and IT, to mention a few. It is through our many years of management experience in Puerto Rico that we have gathered such an amazing team of professionals and outside companies to ensure the comfort and well being of our clients. These clients include the companies provided below which currently oc- cupy over forty percent of our building:

HR Real Estate Management Executive Team Executive Team Our knowledgeable and experienced staff consists of attorneys, accountants, archi- tects, licensed Real Estate Brokers and Certified Condominium Administrators, among others. Most of our employees have been with HR Real Estate Management for over five years.

HR Real Estate Management Mission and Vision Vision At HR Real Estate Management, our vision is to provide Tenants with the best quality service, lat- est technology, maximum security, and the finest work environment. Mission and Vision Our Mission Our mission is to anticipate and fulfill the needs of the ever growing and changing commercial office market and the sophisticated and specialized tenant who requires nothing short of perfec- tion.

HR Real Estate Management Buildings under management: 654 Plaza Location: 654 Munoz Rivera Total SF : 275,074 Buildings Tenants: 65 650 Plaza Location: 650 Munoz Rivera Total SF: 67,992 Tenants and Owners: 13 221 Plaza Location : 221 Ponce de León Total SF : 122,795 Tenants and Owners: 10 Q-12 Location : 12 Quisqueya St. Total SF: 150,000 Tenants and Owners: 5 652 Plaza Location : 652 Muñoz Rivera Total SF: 125,475 Tenants: 35

HR Real Estate Management Property Memorandum 654 P LAZA 654 P LAZA 654 Plaza, located at 654 Muñoz Rivera Avenue is a twenty-one story 275,074 square- foot Class-A office building on a 6,186 square meter site. The building is 95 percent Properties leased to 65 Tenants, with approximately one third of the occupied space being leased to Fortune 500 companies. No single tenant occupies more than 14 percent of the rentable building square feet. 654 Plaza is conveniently located at the “Crossroads of Hato Rey,” intersection of Muñoz Rivera Avenue and Jose T. Piñero Avenue. The Building has close proximity to area hospitals, universities, corporate headquarter facilities, the San Juan Financial District, Tren Urbano and is within a five minute drive to the Luis Muñoz Marín International Airport and Puerto Rico’s largest shopping mall Plaza Las Americas. The lobby has undergone a complete renovation, with vaulted ceilings, expensive mar- ble and glass interiors, and quality design finishes. The lobby’s design is meant to reflect the new service oriented theme of the building while respecting the structural integrity and architecture of the building. The renovations include new wood and glass panel walls with beautiful three-color marble floors and vaulted ceilings over 16 feet high. In conjunction with the construction of the lobby, the Owner is creating a beautifully de- signed façade outside, above the new entrance over 30 feet in height complementing the existing exterior design of the tower structure. The façade remodeling project also plans for aesthetic improvements to the façade of the parking structure as well. The Building has presently undergone a complete upgrade and modernization of the six ex- isting high-speed elevators. The project also consisted of the upgrade and remodeling of the cars as well as digitalize the mechanical controls of the system.

HR Real Estate Management Property Memorandum (cont.) 650 P LAZA 650 P LAZA P ROPERTY D D ESCRIPTION P ROPERTY ESCRIPTION 650 Muñoz Rivera Avenue is a seven story 68,000 rentable square-foot Class-A office Properties building with parking capacity for 120 vehicles, located at the base of San Juan’s “Golden Mile.” The building is leased to various Tenants that encompass a broad range of indus- tries. HR Real Estate Management has a capital improvement project in the initial design phase which will incorporate the accessibility and ameni- ties of all three independent buildings into one Ma- jor Office and Retail Center. The Center is conven- iently located at the “Crossroads of Hato Rey” in- tersection of Muñoz Rivera Avenue and Jose T. Piñero Avenue. The Center has close proximity to area hospitals, universities, train station, corporate headquarter facilities, the San Juan Financial District and is within five minutes drive time to the Luis Muñoz Marin International Airport and Puerto Rico’s largest shopping mall Plaza Las Americas. Understanding the importance of uninterrupted service to support our Tenant’s opera- tions, 650 Plaza counts with a Full Power Plant back-up of the entire building for the building’s uninterrupted electrical requirements. The generator provides 100% power capacity for the Building and will be capable of 24/7 operation. Well aware of the im- portance of security, the building provides security services 24/7. Recently, Landlord has invested approximately $130,000 in security cameras for the entire building to further protect the safety of our Tenants and owners.

HR Real Estate Management Property Memorandum (cont.) 221 P LAZA 221 P LAZA P ROPERTY D D ESCRIPTION P ROPERTY ESCRIPTION Properties The Building is a First-Class office Tower located at 221 Ponce de León Avenue, on the most prime corner of Hato Rey, Puerto Rico. The subject site is a two-corner lot with an area of 1,604.81 square meters. The Build- ing consists of a seventeen story (above-ground) of- fice building that has 15 floors of office and commer- cial space, two levels of parking, and two levels of underground parking. It has a con- struction area of 187,739 square feet, and a rentable area of 122,148 square feet. The ground floor renovation provided additional retail space to the building. Le Club Cuisine offers gourmet lunches and Teriyaki Experience will open its doors soon on the ground floor space previously occupied by Starbucks. The lobby area has been com- pletely renovated, the owner incorporated a more modern and elegant look to the lobby with a beautiful mix of stone, granite and marble floors, high vaulted ceilings with great lighting and the renovation of the existing walls.