Finance. Midwest Capital Markets

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Deirdre Hicks
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1 Finance Midwest Capital Markets

2 Finance Midwest Capital Markets Our team Dave Hendrickson Managing Director Keith Largay Managing Director Tim Noonan Managing Director Brian Walsh Senior Vice President Ryan Cahalan Vice President Patrick Modig Vice President

3 Derek Siadak Associate Morgan Whitely Associate Patrick Healy Analyst When you select JLL Capital Markets as your business partner, you get a single, agile, integrated company with a client-centric approach to real estate. 3

Finance Midwest Capital Markets Why choose JLL? When you select JLL Capital Markets as your business partner, you get a single, agile integrated company with a client-centric approach to real estate.

4 Finance Midwest Capital Markets Why choose JLL? When you select JLL Capital Markets as your business partner, you get a single, agile integrated company with a client-centric approach to real estate. In a broader context, all of our firm is at your disposal whether you collaborate with us to modify the status of a single asset or make a series of complex decisions that impact properties worldwide. Our integrated suite of Investor Services From acquisition identification, financing, to property disposition and every stage in between our integrated investor services team of agency leasing, property management and capital markets professionals know how to position your asset for success throughout the lifecycle of your investment. Valuation & Advisory Services Capital Markets PDS Acquisition Prepare for Exit Strategy Land & Development Services Building Positioning Office Investor Services Property Management Agency Leasing Industrial Retail Asset Ownership Cycle Tenant Retention Hotels & Hospitality 4 Disposition Possible Refinance Building Stabilization Capital Improvements Re-Stack Building Lease-up

one platform The power of Capital markets Agency

$212M $106M $54.6B 2,483 365M 1,373 $13.

volume transactions professionals buildings leased

5 one platform The power of Capital markets Agency leasing Property management global volume revenue $212M $106M $54.6B 2, M 1,373 $13.1B 1, professionals 2,120+ $148B U.S. volume transactions professionals buildings leased transactions revenue square feet buildings managed professionals 5

relationships with hundreds of lending and

secure the best possible pricing and deal

From multifamily to office and industrial,

6 Finance Midwest Capital Markets Global relationships connecting you to innovative capital solutions Chicago: Global HQ Through experience and dedicated relationships with hundreds of lending and equity sources around the world, we ll secure the best possible pricing and deal structure for your real estate investments. From multifamily to office and industrial, we champion a cooperative, collective commitment to our client s goals. 6

7 Our offerings include: Acquisition Financing Note Sales Bridge Loans Opinions of Value Construction Financing Permanent Financing Development and Asset Strategy Recapitalization Strategies Joint Venture Equity Workout Advisory Mezzanine Debt REO Dispositions $26B U.S. finance volume in

Finance Midwest Capital Markets Case studies Aon Center Chicago, IL On behalf of 601W Companies, JLL sourced $630 million in financing for the acquisition of Aon Center, a 2.

8 Amount Date 2015 Lender Investor Structure Our Role $630 million Debt Fund & Bank Private Equity Debt & Mezz Represented investor 150 North Riverside Chicago, IL JLL was tasked with raising the

8 Finance Midwest Capital Markets Case studies Aon Center Chicago, IL On behalf of 601W Companies, JLL sourced $630 million in financing for the acquisition of Aon Center, a 2.8 million square foot trophy office tower and a hallmark of the Chicago skyline. JLL secured senior financing from Bank of China as well as mezzanine debt from Blackstone. 8 Amount Date 2015 Lender Investor Structure Our Role $630 million Debt Fund & Bank Private Equity Debt & Mezz Represented investor 150 North Riverside Chicago, IL JLL was tasked with raising the entire capital stack for the development of this $500 million trophy office building in downtown Chicago. After a global search for capital, three domestic and foreign banks collaborated on the approximately $296 million construction loan, which included Bank of America, Helaba and RBS Citizens. Equity capital was provided as part of a joint venture partnership between affiliates of the Wanxiang America Real Estate Group, Heitman LLC, and the developer. The new building will serve as the global headquarters for both William Blair & Company and Hyatt Hotels. Amount Date 2014 Lender Investor Structure Our Role $497 million Three Banks Institutional Equity & State Pension Plan Debt & Equity Represented developer

9 360 North Michigan Chicago, IL JLL assisted Oxford Capital Group and Angelo, Gordon & Co. on separate financings for the construction of a 457- key lifestyle hotel as well as the redevelopment of the retail component of 360 North Michigan, one of the most well recognized and iconic buildings on Michigan Avenue. Amount Date 2014 & 2015 Lender Investor Structure Our Role $84 million (Hotel) & $44 million (Retail) Bank (Hotel) & Debt Fund (Retail) Developer Debt Represented investor 505 Nashville, TN 505 is a luxury multifamily development in the heart of Nashville at the southwest corner of Fifth Avenue and Church Street. The development is the result of strategic land assemblage that commenced over 28 years ago. Upon completion, 505 will be the tallest structure in Nashville (based on number of floors). JLL secured construction financing from Bank of the Ozarks as well as mezzanine debt from LaSalle on behalf of Giarratana Nashville. Amount Date 2015 Lender Investor Structure Our Role $131.5 million Bank Institutional Equity Construction Debt & Mezz Represented developer 9

Finance Midwest Capital Markets Equity Transactions 215 West Lake 101 East Erie

Structure: Debt & Equity Structure: Debt & Mezz Type: Multifamily Type: Hotel

Description: Optima Center I & II Kierland Location: Chicago, IL Location:

Structure: Equity & Debt Type: Multifamily Type: Multifamily & Condo Investor:

of existing office Lender: Bank Lender: Life Company construction building into a

10 Finance Midwest Capital Markets Equity Transactions 215 West Lake 101 East Erie Location: Chicago, IL Location: Chicago, IL Size: $90,700,000 Size: $98,280,000 Structure: Debt & Equity Structure: Debt & Mezz Type: Multifamily Type: Hotel Investor: Equity Fund Investor: Debt Fund Lender: Two Banks Lender: Bridge Lender Description: Optima Center I & II Kierland Location: Chicago, IL Location: Scottsdale, AZ Size: $54,500,000 Size: $117,400,000 Structure: Preferred Equity Structure: Equity & Debt Type: Multifamily Type: Multifamily & Condo Investor: Equity Fund Investor: Private Investor New Description: Redevelopment multifamily of existing office Lender: Bank Lender: Life Company construction building into a hotel Description: New multifamily Description: New multifamily construction experience construction Market-leading 10

11 Debt Transactions AON Center 333 West Wacker FedEx Portfolio West Madison Location: Chicago, IL Location: Chicago, IL Location: Various Location: Chicago, IL Size: $630,000,000 Size: $156,000,000 Size: $97,380,000 Size: $400,000,000 Type: Office Type: Office Type: Industrial Type: Office Lender: Debt Fund & Bank Lender: Life Company Lender: Life Company Lender: CMBS 11

Midwest Capital Markets. Capital Markets Overview. Invested

Midwest Capital Markets. Capital Markets Overview. Invested Midwest Capital Markets Capital Markets Overview Invested John Huguenard, SIOR, CCIM INTERNATIONAL DIRECTOR Bruce Miller INTERNATIONAL DIRECTOR OFFICE INVESTMENT S Jim Postweiler MANAGING DIRECTOR SUBURBAN