investments asset management property management

Transcription

1 investments asset management property management

2 Our Mission To acquire quality properties providing secure and sustainable returns for our equity partners. About the Company The Partnered Property Acquisitions Group (The PPA Group) is an award-winning, full-service commercial real estate investment firm that seeks attractive, risk-adjusted returns for accredited and institutional investors. The PPA Group, making INC. Magazine s Top 100 and Top 20 Real Estate Companies lists in 2009 and 2010 respectively, specializes in the acquisition and repositioning of multifamily properties nationwide, focusing on primarily valueadd and core-plus opportunities. Our extensive network of private equity partners maximize their returns by investing with a skilled operator with a large portfolio of commercial real estate as well as in-house asset and property management capability. The investor benefits from the diversification of risk and economies of scale of a large asset portfolio and operations group regardless of the structure or size of their ownership interest. The PPA Group, LLC is experienced in the identification, finance, acquisition, repositioning and management of all types of commercial real estate throughout the United States. We are dedicated to sourcing quality properties for our investors and providing the premier asset management service in the commercial real estate industry. Our team offers a unique spectrum of expertise in all aspects of commercial real estate. They have a combined synergy capable of meeting any challenge while maximizing opportunity. Our acquisition strategy exclusively focuses on assets that create secure and sustainable returns in current market conditions. This is proven by our ability to be successful and win awards after the market crash in Providing exceptional service to our equity partners is our first priority each day. Honoring our promises and commitments, we distinguish ourselves with the highest level of professionalism and ethical behavior. We believe the key determinants of our success are buying right, aggressive leasing and creative asset management. Typically, target investments are in need of physical improvements, are partially or completely vacant and require improved operations and management. Our ability to execute quickly and derive value where others cannot allows us to earn our returns rather than wait for them like more passive investors. Buying right provides the margin to improve, lease and sell assets in a compressed time frame, which helps us achieve target returns for our equity partners. We understand that professional property management is the key element to ensure the success of our real estate holdings. The PPA Group uses a mixture of our in-house expertise along with our sister company, PPA Real Estate Management, whose diligence and quality standards provide our equity partners with the assurance of effective operations and protection on their investments. This process of buying assets at the right time coupled with our expert property and asset management services has led The PPA Group to higher-than-expected returns on many of our properties. Testimonial We have been involved in the growth and expansion of the PPA Group over the past several years and are proud to have been involved in arranging financing where the group at PPA exceeded projections in both the time it took to facilitate the turnaround and the increase in NOI at the property. Bill Haley Vice President - NorthMarq Capital

3 Strategy Biographies The PPA Group s strategy is to invest large amounts of time and human capital to source the most attractive opportunities for our investors. Extensive due diligence, including financial statement and property audits, is conducted by our in-house analysts and property management subsidiary prior to all asset acquisitions. Our equity partners receive in-depth and transparent reports on the findings of our analysis, so they receive all of the information needed to make educated investment decisions. We acquire low- to medium-risk properties with the right combination of price, location, quality, growth and rental potential. We provide a broad range of ownership structure options to meet the needs of our investors including joint venture partnerships, fractional ownership, direct ownership investments, equity partnerships and private placements. The PPA Group also takes pride in offering a full-service operating platform. We have taken the property management, utility billing and construction aspects of owning and managing commercial real estate and integrated it into the company. This allows for greater control quality, information and communication to our investors. Being vertically integrated provides investors with a value that more traditional commercial real estate investment companies do not offer. Monte Lee-Wen President and Chief Executive Officer Monte Lee-Wen is the President and CEO of The PPA Group, LLC. Since 2002, Monte has conducted over $600 million in transactions, acquiring, managing and repositioning commercial property across the United States. In 2004, Monte formed The PPA group, LLC as a commercial real estate investment company in Seattle, Washington. The company is now headquartered in Austin, Texas and also serves as the holding company for The PPA Group family of companies. In 2012, Austin Under 40 (AU40) awarded Monte the 40 Under 40 in Real Estate for excellence in the industry and demonstrating service and commitment to the community. He has a unique investment philosophy which involves evaluating and taking advantage of opportunities where superior risk-adjusted returns can be realized. This approach has allowed The PPA Group to realize tremendous returns on investments. Through founding The PPA Group, Monte has been able to combine his investment experience and philosophy with the creative talent required to renovate and reposition properties. Monte brings an extensive knowledge in property assessment and transaction due diligence. He has created a standardized internal analysis system to effectively evaluate investment properties, which has enabled the PPA Group to streamline the process of acquiring profitable real estate investments. In 2008, Monte formed a subsidiary company called PPA Real Estate Management (REM) to serve as the property management company for PPA Group real estate holdings, and to conduct third-party fee management business. PPA REM currently manages a diverse portfolio of multifamily units, emerging office and development properties. Monte takes pride in investing not only in properties, but also in the communities and families that reside at the company s properties. Monte is a seasoned entrepreneur having started and run several companies since the mid- 1990s. His networking and speaking skills have propelled the company forward very quickly. He is actively involved in board positions and guidance committees of many private and public initiatives nationwide. Vision Real estate is a complex industry. The market, by strict definition, is finite, yet it offers boundless opportunities to investors and those who are willing to take the market by its horns. To succeed today, real estate managers must create exceptional value while meeting market demands. Returns must be earned through diligence, vision and execution. Our market timing is both accurate and precise, our underwriting skills are impeccable, and our vertically integrated asset and property management services allow us to add value where others cannot. We produce outstanding returns while competing in a uniquely challenging investment climate and providing our investors with structure options that suit their individual needs and goals. At The PPA Group, LLC we understand how decisions today affect the value of investments tomorrow. We have the expertise, track record and experience to identify opportunities in today s market and the enterprise combined with financial strength to act upon them for the benefit of investors, partners, tenants, clients and residents.

4 Nalie Lee-Wen Chief Financial Officer As Chief Financial Officer, Nalie Lee-Wen heads The PPA Group s internal Department of Finance and Commercial Specialists. She works diligently developing relationships with capital partners and coordinating transaction closings during the funding and closing phase of PPA Group s acquisitions. Nalie oversees the team of accounting professionals for PPA Group and its family of companies, including PPA Real Estate Mangement. Her experience in commercial financing and lender relationships brings significant value to the company s operational management. She plays a pivotal role in the asset management and property mangement departments. Prior to joining The PPA Group, Nalie was the Chief Executive Officer of a commercial real estate funding group. Nalie has worked directly on the successful financing and closure of over $200 million in real estate transactions. With her strong background in real estate and finance, she brings a high level of expertise in solving title issues, working with state and local governments, surveyors, vendors, lenders, and legal professionals. Nalie shows a great ability to anticipate potential problems and creates solutions prior to issues arising during asset acquisitions and asset management. John A. Latham Chief Investment Officer As a key member of the senior management team, John A. Latham is responsible for sourcing and managing new investment opportunities for The PPA Group. He focuses on both acquisitions and new development opportunities. He is responsible for managing the company s investment portfolio. John is also very involved in the company s equity and debt capital raising activities. Prior to joining The PPA Group, John worked with several real estate acquisition and development companies, including as a Principal with Steelwood Property Company, a multifamily acquisition and development company, where he led acquisition and development activities. John also worked as an investment banker with Banc of America Securities where he executed over $3.4 billion in equity and debt financings for the firm s clients. John holds a B.S. in Civil Engineering and an MBA from the University of Texas at Austin. Andrew Cone Asset Manager and Analyst Glenn Gonzales, CPM President of PPA Real Estate Management Glenn Gonzales brings to The PPA Group over 18 years of experience in management, development, operations and leasing of commercial real estate of all property types. He served as Treasurer on the Board of Directors for the Washington Multi-family Housing Association, and was elected as President of the association in From 1994 to 1998, Glenn was a board member for the Utah Apartment Association. He also served a two year term as the Chairman of the Public Relations Committee and a one year term as the Secretary Treasurer for the Institute of Real Estate Management. Since 1994, Glenn has also been an instructor for the National Apartment Association. Prior to joining The PPA Group as President of PPA Real Estate Management, Glenn spent many years working in multi-family and commercial property management with companies such as Equity Residential, Evergreen Management Group, Glacier Management, and most recently Pacific Property Company. He is also a licensed real estate broker and Certified Property Manager. Most recently, Glenn has participated as founding member of an online services company that provides industry professionals with access to competitively priced and reliable vendor contacts. Andrew Cone is responsible for The PPA Group s portfolio of commercial real estate assets. Andrew interfaces with property managment to ensure that all properties are operating to their fullest potential. His business and financial analytical skills make him a primary asset in the oversight of customer and company investment assets, and communicating with investors and lenders about property performace and compliance. His primary focus is on business plan execution and to ensure that expenses are within budget and revenues are at their peak for what the market will allow. Andrew is also a member of the acquisitions team, where he sources and underwrites potential acquisitions. Prior to joining The PPA Group, Andrew worked with Lincoln Property Company in California as a senior associate where he assisted with over 1.1 million square feet of Class A office assets in downtown Los Angeles Central Business District and was actively involved in managing Class A tier One assets. Andrew also worked for JSC Realty & Investment Services as a Broker Associate where he specialized in tenant and owner representation of industrial, flex, and office leasing and sales. Andrew holds a B.A. in Government and Political Science and minored in Business at The University of Texas.

5 Sample Investments Sunset Canyon, a 466-unit apartment community located in San Antonio, Texas. Sunridge Apartments, a 332-unit apartment community located in Grand Prairie, Texas. Kenton Place, a 244-unit apartment community located in San Antonio, Texas. Peppermill Apartments, a 232-unit apartment community located in Universal City, Texas Seattle/Tacoma, WA Everett, WA Boise, ID Salt Lake City/Provo, UT Cape Fair, MO St. Louis, MO Sterling Heights, MI Phoenix/Mesa, AZ Eastland, TX Universal City, TX San Antonio, TX Waco, TX Dallas/Ft. Worth Metroplex The PPA Group Research Blvd Suite 375 Austin, TX telephone toll free fax Acquisitions & Investments ext 914 Asset Management ext 920 info@theppagroup.com