T H E E X E T E R T E A M P R E S E N T A T I O N Providence Innovation District - Parcel 28 PROVIDENCE, RI MARCH 27, 2019
T H E E X E T E R T E A M V A L U E P R O P O S I T I O N – Uniquely experienced, well capitalized team – Market leading planning and design from one of the global thought leaders in New Urbanism – Expansive resume of multifamily development, large scale PPP’s and collaborative development – Deep knowledge and national focus on Meds & Eds driven markets – Assured Performance; Long and proven track record of Developer/Architect team E X E C U T I V E S U M M A R Y
A B O U T E X E T E R
E P G U R B A N / E X E T E R ( “ E X E T E R ” ) – Real estate private equity operator founded in 2006 – Headquartered in Conshohocken, PA with 150 employees worldwide – Serving over 100 institutional investors around the globe from 18 offjces in North America and 8 in Europe – Total Equity under management exceeds $6 billion across several asset classes and geographies – High degree of transparency, accountability and alignment of interests – In-house controls ensure consistency and discipline in fjnancial underwriting, budgeting and accounting – Management team, led by Ward Fitzgerald and Tim Weber, has worked together for over 15 years – Principals and senior stafg have extensive experience with large-scale, mixed use projects and PPPs A B O U T E X E T E R
L O C A L I Z E D R E A L E S TAT E O P E R AT O R E X P E R T I S E , P A I R E D W I T H G L O B A L P L AT F O R M – National and local deal sourcing of one-ofg and small portfolio transactions builds institutional scale from the ground up – Directly efgectuate business plans through local leasing, development and property operations – Superior insight into market ineffjciencies, tenant, resident and broker preferences, and building design Seattle UNITED IRELAND KINGDOM Chicago Philadelphia DUBLIN BIRMINGHAM POLAND Salt Lake City Columbus AMSTERDAM San Francisco Washington, DC LONDON Indianapolis NETHERLANDS GERMANY WARSAW St. Louis BELGIUM D Ű SSELDORF Seoul Los Angeles Charlotte LUX Memphis CZECH REPUBLIC LUXEMBOURG SLOVAKIA Phoenix PARIS Atlanta FRANCE Dallas AUSTRIA HUNGARY SWITZERLAND South Florida Houston ITALY SPAIN Mexico City EXETER OFFICES EXETER OFFICES O R G A N I Z A T I O N A L O V E R V I E W
U.S. Industrial & Office U.S. Core & U.S. Multi-Family Europe Core & Europe Industrial Value Add Ward Fitzgerald Tim Weber Managed Accounts Bryan Lamb Managed Accounts Value Add Rob Jones James Hoeland Kevin Shea Jeremy Small George Paul Rubincam CEO CFO Matt Brodnik Tom Meehan Ryan Roberts Gianni Parente Fraser-Harding John Toukatly Fred Knapp 25 Regional Offices: Acquisitions, Development, Leasing & Asset Management, Property Management North America Regional Offices Europe Regional Offices Henry Steinberg - Northeast Kim Farley – UK Todd Carter – Southeast Mark Nolan – Ireland Barney Sinclair – South Patrick Rebel – France Steve Stein – Midwest Roniek Bannink –Netherlands Tom Wang - West Niko Gedaze, Bernhard Scheer – Germany Waldemar Grabka – Poland Tom Theobold–Canada Ricardo Serrano - Mexico Katarzyna Pyś – CEE Philadelphia/London/Luxembourg: Centralized Operations and Controls Shared: Develop. & Constr. Legal Property Mgmt. & Debt & Finance Property Mgmt. & Develop. & Constr. Legal Debt Global Tenant Rhodri Davies Jim Golunski Due Diligence Jim Stretton Due Diligence Jason Honesty Brian Fogarty Brian Ford Accounts Dominik Mueller Robert Kerr Jason Borrelli John Warren Bob Waitkus Kelly Delozier Dennis Durkin Acquisition Investor Relations Acquisition Investor Relations Accounting Accounting Associates and Reporting Associates (6) and Reporting Brad Reed Piotr Andrzejewski Compliance JonoMackie Jamie Lee Rayenne Chen Mike Miller Catherine Lane & Risk Angelo Ruggiero Kate Giordano John Mobley Beni Ntamutumba Barry Breen Paul Collin Mark Cunneen O R G A N I Z A T I O N A L O V E R V I E W
T O P I N V E S T M E N T P A R T N E R S A L L I N V E S T M E N T P A R T N E R S 1199 SEIU Healthcare Employee Pension Fund Los Angeles Fire and Police Pension NPS of Korea State of New Mexico State Investment Council American Electric Power Retirement Trust Mercer Private Investment Parties Ohio Carpenters’ Pension Fund StepStone American Institute for Research Merit Energy Ohio Laborers’ District Council Pension Fund Talanx Asset management American Value Partners Metropolitan Real Estate Partners Ohio Police and Fire Pension Fund Tema Development Aviva Michigan Laborers’ Pension Fund Partners Group Tennessee Consolidated Retirement System Battelle Pension Management and Investment Micigan Municipal Employees’ Retirement System Penn Square Texas Employees’ Retirement System Council Missouri PSRS/PEERS PA Public School Employees’ Retirement System The Children’s Hospital of Philidelphia Foundation Bucknell University MN - Pensioenfonds Metaal & Techniek (PMT) Perella Weinberg Partners The Cultural Institutions Pension Pland and Trust Commonfund MN - Pensioenfonds van de Metalektro (PME) Philadelphia Public Employees’ Retirement System The Fisher Group Chicago Laborers Morgan Stanley Alternative Investment Partners Portfolio Advisors The Norinchukin Bank Credit Suisse Morgan Stanley Investment Producer-Writers Guild of America Pension Plan Trinity Health System Dartmouth College MPC Real Estate Opportunity Partners Reynolds American Pension Fund United Nations Joint Stafg Pension Fund Ford Motor Company Pension Fund Nationwide Mutual Insurance Company Rhode Island Employees’ Retirement System University at Bufgalo GCM Grosvenor Nationwide Pension Fund Rutgers, The State University of New Jersey University of Florida Gilder Family New Hampshire Retirement System Sanabil University of North Carolina Government of Singapore Investment Corp. New Jersey Department of Investment San Antonio Fire and Police Pension Fund University of Wisconsin Group Health Cooperative Pension Fund New York City Retirement Systems Siguler Gufg Verdis Real Estate Partners IAM National Pension Fund Morgan Stanley Alternative Investment Partners Portfolio Advisors Wheels Common Investment Fund Kansas Public Employees Retirement System Northern States Power Pension Fund Strategic Capital Management (SCM) William Blair Company Korea Teachers Credit Union Xcel Energy Pension O R G A N I Z A T I O N A L O V E R V I E W
E X E T E R M U LT I F A M I LY – Exeter ofgers a highly experienced and dedicated multifamily team with a $1.6 billion track record of development and redevelopment totaling nearly 6,000 residential units over the past 15 years – National footprint and extensive experience with public private partnerships, ground leases, RFP’s and creative acquisition techniques leads to premium, (largely) non-brokered opportunities – Difgerentiated focus on high job growth “Meds and Eds” submarkets provides a renewable source of renter demand and protection in an economic downturn – Sustained demographic trends throughout the US and demand for urban lifestyle continue to make multifamily an attractive long-term opportunity – Through development and select value-add opportunities, the EPG Urban team can generate stabilized yields that are 150 – 200 basis points above core market cap rates T H E E X E T E R M U L T I F A M I L Y P L A T F O R M
P A C I F I C B E A C O N S A N D I E G O , C A $ 3 5 2 M I L L I O N T O TA L B U D G E T, 1 ,1 9 9 U N I T S 3 7 2 0 C H E S T N U T T H E S T. J A M E S T H E C L A R E N D O N P H I L A D E L P H I A , P A P H I L A D E L P H I A , P A A R L I N G T O N , V A $ 1 5 6 M I L L I O N T O TA L B U D G E T, 4 0 5 U N I T S $ 1 3 0 M I L L I O N T O TA L B U D G E T, 3 0 7 U N I T S $ 6 2 M I L L I O N T O TA L B U D G E T, 2 9 2 U N I T S R E L E V A N T E X P E R I E N C E
A B O U T T O R T I G A L L A S + P A R T N E R S
A B O U T T O R T I G A L L A S + P A R T N E R S – Established in Silver Spring, MD in 1953 – 5 offjces in the United States and 1 in Asia ofger global reach – Among the largest planning and architecture fjrms in the US dedicated to New Urbanism – Designed 485,000 new residential units world-wide – Holistic, ‘SPECTRUM’ approach unites Natural Systems, Built Environment and People 100+ 65 100+ Experience Years Awards 100+ Cities • 36 States Culture of Learning National + International 15 Countries 94 1M+ $75B LEED Platinum People Housed Construction 1800+ 20 24 Communities Languages Nationalities A B O U T T O R T I G A L L A S + P A R T N E R S
P A R K V A N N E S S C L A R E N D O N C E N T E R W A S H I N G T O N , D C A R L I N G T O N , V A T H E B A R T L E T T W E S T M I N S T E R N E W D O W N T O W N A R L I N G T O N , V A W E S T M I N S T E R , C O A B O U T T O R T I G A L L A S + P A R T N E R S
P R O V I D E N C E A N D T H E I N N O V A T I O N D I S T R I C T
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