New York Society of Security Analysts REIT Conference. Robert Micera SVP and National Head of Net Lease Investments March 19, 2008
|
|
- Ronald Harper
- 6 years ago
- Views:
Transcription
1 New York Society of Security Analysts REIT Conference Robert Micera SVP and National Head of Net Lease Investments March 19, 2008
2 Safe Harbor This presentation contains forward-looking information about the Company. A number of factors could cause the Company's actual results to differ materially from those anticipated, including changes in: national, international, regional and local economic conditions generally and real estate markets specifically, legislation/regulation (including changes to laws governing the taxation of real estate investment trusts), availability of financing, interest rate levels, competition, supply and demand for industrial properties in the Company's current and proposed market areas, potential environmental liabilities, slippage in development or lease-up schedules, tenant credit risks, higher-than-expected costs, changes in general accounting principles, policies and guidelines applicable to real estate investment trusts, and risks related to doing business internationally (including foreign currency exchange risks). For further information on these and other factors that could impact the Company and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission. 2
3 Agenda I. Brief Overview of First Industrial II. Focus on Sale-Leasebacks, Surplus Property Sales, and Private Equity Transactions 3
4 First Industrial Realty Trust, Inc. NYSE: FR $4 billion total market capitalization Broad platform top industrial real estate markets in U.S., Canada, The Netherlands and Belgium Portfolio of owned, operated and managed properties More than 100 million square feet of industrial space 1,000 buildings 2,900 tenants 11% average annual total return since IPO 9.4% dividend yield as of 3/17/08 4
5 Major Accomplishments Capital Raising Investments Portfolio Net Economic Gains JV FFO Customer Service Talent Platform $6.4B in new JV capital since 05; $1.9B in 07 #1 investor in U.S. industrial real estate in 06 and % Same store NOI growth in 07; Occupancy to 95.1% Seven consecutive years of growth Grew from $16M in 05 to $61M in 07 Leading scores: 9 of 10 customers recommend FR Increased development, acquisition & net lease expertise Entered/expanded into more high growth markets Unique Franchise Serving Corporate Customers 5
6 FFO Growth $ % CAGR $4.13 $4.64 Growth Drivers Net operating income Net economic gains Joint venture investments Development activity
7 Strategically Aligned With Major Growth Drivers Long-Term FFO Growth Numerous Growth Drivers Strategically Increased Resources Strengthening The First Industrial Franchise 7
8 Growth Drivers 1. Corporate Customer Focus 2. International Trade 3. Supply Chain Reconfiguration 4. Demographic Trends 5. Industry Trends 8
9 9
10 Strategy All Industrial Facility Types in Supply Chain Expertise Across All Real Estate Disciplines Creating Value for Customers Local Market Expertise Multiple Capital Sources Leading Customer Service 10
11 idea NEW PRODUCT launch START PRODUCTION Industrial Supply Chain Solutions for Every Phase of Our Customers Business Cycle grow ACCELERATING DEMAND reconfigure SHIFTING NEEDS expand NEW MARKETS AND PRODUCTS 11
12 Expanding Platform Edmonton Calgary Seattle San Francisco Salt Lake City Denver Minneapolis Milwaukee Chicago Indianapolis St. Louis Toronto Detroit Central PA Cleveland Columbus Cincinnati Louisville N. New Jersey Philadelphia S. New Jersey Baltimore/ DC Amsterdam Los Angeles Irvine San Diego Phoenix Dallas Nashville Memphis Atlanta Brussels Houston Tampa Orlando Miami 12
13 Expanding Capital Base to Fund Growth $9.9 Billion Canada Europe Core Program Land/Development $285 Million $475 Million $505 Million $1.6 Billion Net Lease $400 Million Development/ Repositioning Core Acquisition $4.4 Billion $286 Million Net Lease $1.6 Billion $1.1 Billion Balance Sheet $4 Billion Balance Sheet $4.0 Billion 13 March March
14 2007 Highlights 12% growth in FFO 5.9% increase in same store NOI Occupancy rose to 95.1% Rental rates increased 4.2% Expanded platform into The Netherlands/Belgium, Calgary/Edmonton, Toronto, and Seattle/Tacoma Expanded Strategic Land and Development JV to $1.6 Billion New $475 Million European JV and $285 Million Canadian JV Developable land totals 4,300 acres; 68 million s.f. Grew land positions in high growth markets of S. California, Florida, Phoenix Investment pipeline of $2.2 Billion 14
15 First Industrial Solutions Sale-Leaseback Surplus Property Sales Private Equity Transactions 15
16 Unlocking Value Through Real Estate Target Customers Corporate Customers Private Equity Firms Sale-Leasebacks and Surplus Assets Can Provide: Acquisition Capital Recapitalization Financing Growth Capital 16
17 Competitive Advantages Broad platform Local expertise & resources in major markets in U.S., Canada, The Netherlands and Belgium More than 100 million square feet owned, managed and under development 500+ employees Multiple capital sources Balance Sheet/unsecured credit line Capital recycling Nearly $6 billion in total joint venture capacity with partners UBS Wealth Management North American Property Fund & California State Teachers Retirement System (CalSTRS) 17
18 Competitive Advantages - Acquisitions Buy, build & develop anything industrial Resources of local development, acquisition, property management and leasing expertise No maximum/minimum deal size Responsive/quick close Flexible sale-leaseback structures Short to long-term leases Partial or fully occupied buildings Cancellation, expansion, purchase options available Forward commitments 18
19 Portfolio Sale-Leaseback Case Study Rockwell Automation Client Objective Sale-leaseback of $152 million portfolio of operational assets 24 properties in 17 markets Primarily Manufacturing/Distribution Minimal contingencies All or nothing Challenges 5 to 15-year lease terms Termination options for every lease Multiple markets FR SOLUTION Speed of service purchase agreement/earnest money provided within 5 days Site visits to 66% of the properties in four days Awarded the transaction in July 2005 Willingness to provide short and long-term leases Accommodated tenant s termination requirements Accepted all or nothing 19
20 Portfolio Sale-Leaseback Case Study Volkswagen of North America and Volkswagen of Canada Client Objective One transaction involving three properties in two countries (U.S. & Canada) Required a 45-day time frame for closing Company wanted operational flexibility: expansion rights, long-term lease with renewal options Challenges Accelerated closing deadline Sale included excess land Multi-national transaction with complex title, zoning and currency issues Expansion options FR SOLUTION Closed entire portfolio (both US & Canada) in client s time frame One-stop-shop flexibility allowed for FR to tackle multi-market issues and provide optimal timely response Structured 15-year lease with expansion and renewal options for all three facilities 20
21 Portfolio Sale-Leaseback Case Study Jevic Transportation and Sun Capital Partners, Inc. Client Objective Sun Capital Partners, Inc., $3.5B private equity sponsor, was seeking to monetize real estate and use the proceeds to reduce debt Sun was seeking a one-stop-shop provider of sale-leaseback financing for a multi-market, multi-asset type portfolio Challenges Specialized truck terminal facilities used in the less than truckload industry sector Land required for trailer storage was also included in transaction Multi-market, multi-asset type transaction including a portfolio of two industrial/truck terminals and one office/hq facility FR SOLUTION: Efficiently closed portfolio sale-leaseback to monetize assets for the operating company FR s team performed extensive industry research on this business sector in order to understand the business and its client s needs 21
22 Sale-Leaseback Case Study Jacobson Companies, Inc. Client Objective Private equity firm recapitalization of target company Multi-property, multi-city portfolio Unlock real estate value/reduce overall equity contribution Needed single transaction Challenges Highly leveraged, non-investment grade credit Above market rent Secondary markets FR SOLUTION Successfully negotiated 10-year sale-leaseback Accepted entire portfolio 22
23 Sale-Leaseback Case Study Taylor & Francis Client Objective Accelerated close (< 45 days) Sought funds to renovate 345,000 s.f. distribution facility Consolidate two other facilities into this one Challenges Company had recently merged in May 2004 Primarily older property in secondary/tertiary markets FR SOLUTION Closed in client s desired time frame (< 45 days) Provided an additional $1 million to retrofit the facility Structured a 10-year lease with options 23
24 Environmentally Challenged Acquisition Senior Aerospace Client Objective Disposition of a Superfund asset Limited ongoing exposure/liability Challenges Limited indemnification from credit worthy entities Extensive due diligence required in a limited time frame No parent guaranty FR SOLUTION Successfully closed in June 2005 In-house environmental team underwrote and mitigated environmental risks thru extensive due diligence: No Further Action letter State legislation Purchase of environmental insurance 24
25 Development/Repositioning Case Study Maytag Client Objective Supply chain reconfiguration for Eastern seaboard operation Reduce space needs in existing building leased from 3rd party under a long-term lease Immediate space need in Atlanta Required a build-to-suit in North I-81 corridor Challenges Multiple transaction type FR to assume existing leasehold obligation in existing building FR SOLUTION: Provided all required solutions Assumed leasehold obligation Constructed build-to-suit in Covington, PA Leased existing building in Atlanta 25
26 Customer Solutions Gourmet Express 332,465 SF Greenville, KY Distribution/Manufacturing Facility Jevic Transportation, Inc. 390,000 SF (an affiliated portfolio company of Sun Capital Partners, Inc.) Delanco, NJ; Markham, IL 2 Truck Terminal Facilities, 1 HQ Facility Brooks Industries, Inc. 276,124 SF Stratford, Ontario Distribution/Manufacturing Facility Amcor Sunclipse North America 290,920 SF Buena Park, CA HQ/Distribution Center 26
27 Customer Solutions Home Interiors & Gifts, Inc. 659,340 SF (a portfolio company of Highland Capital Mgmt, LP) Carrollton, TX Distribution/Warehouse Center Lenox Group, Inc. 506,003 SF Hagerstown, MD Warehouse/Distribution Center Volkswagen of America Volkswagen of Canada 977,686 SF Pleasant Prairie, WI; Haslet, TX; Ajax, Ontario 3 Parts Distribution Centers Navistar International 390,000 SF York County, PA Distribution Center 27
28 Customer Solutions C&S Wholesale Grocers, Inc. 765,000 SF Stockton, CA Refrigerator/Cooler/Warehouse/Distribution Center Cardinal Glass Industries 255,000 SF Hudson, WI Distribution Center United Supermarkets 494,142 SF Lubbock, TX Warehouse/Distribution Center American Leather, L.P. 250,000 SF Dallas, TX HQ/Distribution Center/Manufacturing 28
29 Customer Solutions Michelin North America 665,420 SF Houston, TX Industrial/Warehouse Deposition Sciences, Inc. 143,750 SF (a subsidiary of Advanced Lighting Technologies, a portfolio company of Saratoga Partners) Santa Rosa, CA Manufacturing/R&D Facility Nilfisk-Advance, Inc./Alto U.S., Inc. 705,315 SF Plymouth, MN & Springdale, AR Manufacturing/Warehouse/Office Facilities Pearson Education, Inc. 886,826 SF Cranbury, NJ Distribution Center 29
30 Customer Solutions Caterpillar, Inc. 1,380,070 SF Joliet, IL Manufacturing Facility Fila USA 379,012 SF (a subsidiary of Sports Brands International Ltd., a portfolio company of Cerberus Capital Mgmt) Baltimore, MD Warehouse Rockwell Automation 3,925,096 SF 24 US Locations Manufacturing/Distribution Centers Leggett & Platt 400,800 SF Atlanta, GA Warehouse/Manufacturing Facility 30
31 Customer Solutions Jacobson Companies 1,652,569 SF Various Warehouse Portfolio Firstar Fiber Corporation 355,694 SF Omaha, NE Distribution Center Elizabeth Arden 399,182 SF Roanoke, VA Distribution Center Schiff Nutrition 416,634 SF Salt Lake City, UT HQ/R&D/Light Manufacturing Facility 31
32 Customer Solutions Senior Aerospace 134,720 SF Burbank, CA HQ/Manufacturing Facility Taylor & Francis Books 345,000 SF Florence, KY Distribution Center Maytag, Inc. 917,000 SF PA, Atlanta Distribution Centers 32
33 33
34 Question & Answer
Industrial Conference 2013 Thursday, November 14, 2013
Goldman Sachs Industrial Conference 2013 Thursday, November 14, 2013 SINGLE SOURCE INTERMODAL DEDICATED FINAL MILE TRUCKLOAD LESS THAN TRUCKLOAD REFRIGERATED FLATBED EXPEDITED Disclosure This presentation
More informationF O U R T H Q U A R T E R
FOURTH QUARTER 2018 U.S. TRENDLINES 5-Year Trend Current Quarter UNEMPLOYMENT RATE 3.9% Strongest quarter for job gains in 2018 RETAIL SALES All signs GROWTH point to continued growth More tenants seeking
More informationS E C O N D Q U A R T E R
SECOND QUARTER 2018 U.S. TRENDLINES 5-Year Trend VACANCY Current Quarter ABSORPTION All signs point to continued growth More tenants seeking spaces than 8 consecutive years availabilities - of especially
More informationDropbox, Inc. signed a 736,000 SF lease in San Francisco s Mission Bay making it the single largest lease in the city s history.
FOURTH QUARTER 2017 U.S. TRENDLINES 5-Year Trend Current Quarter VACANCY ABSORPTION 11.5% Lowest in 10 years 13.4 MSF All signs point to continued growth 31 quarters of More tenants positive seeking growth
More informationOverview of Venture Equity
Overview of Venture Equity SVB Analytics Report 2017 Written by SVB Analytics: Steve Liu Managing Director sliu@svb.com Sean Lawson Senior Manager slawson2@svb.com Steven Pipp Senior Associate spipp@svb.com
More informationHEALTHCARE ADVISORY SERVICES
HEALTHCARE ADVISORY SERVICES Building Value In Healthcare Real Estate HEALTHCARE ADVISORY SERVICES TRANSWESTERN REAL ESTATE SERVICES DEDICATED TO HEALTHCARE Transwestern s Healthcare Advisory Services
More informationGreater Montréal: Connected globally for more collective wealth
Greater Montréal: Connected globally for more collective wealth Key facts of the study April 2018 To consult the full version, visit www.ccmm.ca/intlstudy Openness to the world: a source of prosperity
More informationCarroll Co-Invest Fund I, LP Investor Update, Q4 2013
Carroll Co-Invest Fund I, LP Investor Update, Q4 2013 January 31, 2014 We are pleased to report that the Carroll Co-Invest Fund I concluded the 4th quarter 2013 with continued strong performance across
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy UNEMPLOYMENT San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego's standing relative
More informationPM REALTY GROUP CORPORATE FACT SHEET
FOR IMMEDIATE RELEASE CONTACT: Sommer Bukowski January 1, 2009 CORPORATE PROFILE PM REALTY GROUP CORPORATE FACT SHEET is a privately-held real estate service organization with more than 1,300 employees
More informationW H AT W E D O SPONSORS. Contents INVESTMENT TERMS SENIOR MANAGEMENT
Contents W H AT W E D O 3 SPONSORS 6 INVESTMENT TERMS 7 A D VA N TA G E S 8 SENIOR MANAGEMENT 9 C O N TA C T 10 What we do Typical Real Estate Capital Stack Milestone Partners Real Estate Capital Stack
More information2012 Canadian Apartment Investment Conference
2012 Canadian Apartment Investment Conference The US Multifamily Market: An Answer to Economic Pressure Greystar Real Estate Partners A Fully Integrated Multifamily Service Provider Greystar Real Estate
More informationMergers and Acquisitions/ Private Equity. Providing In-Depth Deal Coverage for Buyers, Sellers, and Investors. Attorney Advertising
Mergers and Acquisitions/ Private Equity Providing In-Depth Deal Coverage for Buyers, Sellers, and Investors Attorney Advertising In every transaction, business perspective informs our legal strategy.
More informationRaising Capital. Get the Money You Need to Grow Your Business. Third Edition. Andrew J. Sherman
\ Raising Capital Get the Money You Need to Grow Your Business Third Edition Andrew J. Sherman AMACOM American Management Association New York Atlanta Brussels Chicago Mexico City San Francisco Shanghai
More informationCBC ADVISORS #CBCADVISORS
CBC ADVISORS www.cbcadvisors.com #CBCADVISORS CBC ADVISORS COMPANY PROFILE As the largest Coldwell Banker Commercial affiliate in the world, CBC Advisors now operates 27 offices coast to coast. Recognized
More informationINVESTOR PRESENTATION
BROADCASTING DIGITAL INVESTOR PRESENTATION INVESTOR PRESENTATION PUBLISHING NASDAQ: SALM December 2018 Safe Harbor Certain statements in this presentation constitute forward-looking statements within the
More informationTECH START-UP CONNECTING ACROSS GEOGRAPHIES
#ML15MayRathon TECH START-UP CONNECTING ACROSS GEOGRAPHIES Andrew Ray, Partner, Washington DC William Perkins, Partner, Boston James Chapman, Partner, Silicon Valley Joseph Statter, Managing Director,
More informationPROPERTIES OF SUCCESS Q2-11 INSTITUTIONAL INVESTOR PRESENTATION
PROPERTIES OF SUCCESS Q2-11 INSTITUTIONAL INVESTOR PRESENTATION 2 UNIQUE FOUR PART STRATEGY 1. Geographic focus: Canada and select U.S. markets, with a major concentration in western Canada 2. Product
More informationMidwest 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
More informationLERA Perspectives on Work
LERA Perspectives on Work 2017 (Vol 21, Number 1) - 2016 (Vol 20, Number 1) - The Gig Economy: Employment Implications 2015 (Vol 19, Number 1) - Management Excellence 2014 (Vol 18, Number 1) - Mapping
More informationDaniel Bothe
Daniel Bothe 858-204-3866 dbothe@pointloma.edu Education ANDERSON UNIVERSITY ~ Anderson, Indiana Expected completion 2017 Doctor of Business Administration, Finance GPA 4.0 Comprehensive examinations successfully
More informationNet Lease Investment Outlook
United States H1 2018 JLL Research Report Net Lease Investment Outlook First half of 2018 outperforms but overall selectivity prevails 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Net lease
More informationSVB FINANCIAL GROUP FORM 8-K. (Current report filing) Filed 07/25/00 for the Period Ending 07/25/00
SVB FINANCIAL GROUP FORM 8-K (Current report filing) Filed 07/25/00 for the Period Ending 07/25/00 Address 3003 TASMAN DR SANTA CLARA, CA 95054 Telephone 4086547400 CIK 0000719739 Symbol SIVB SIC Code
More informationIRM (Investor Relationship Management)
Targeting: Como conhecer e gerenciar sua base de acionistas? IRM (Investor Relationship Management) Sandra Matsumoto, Client Relationship Manager Agosto de 2009 Managing your Investors 2 Institutional
More informationAn Experienced Approach to Private Equity
An Experienced Approach to Private Equity Monument MicroCap Partners, LLC (MMP) is an independent private investment firm comprised of highly experienced and accomplished private equity and operational
More informationList of Allocation Recipients
List of Allocation Recipients CDFI Fund 601 Thirteenth Street, NW, Suite 200, South, Washington, DC 20005 (202) 622-8662 9 2010 New s Tax Credit Program: List of s Name of Advantage Capital Fund, AI Wainwright
More informationFS INVESTMENTS & KKR FORM STRATEGIC PARTNERSHIP. Combining FSIC & CCT platforms to create stockholder value
FS INVESTMENTS & KKR FORM STRATEGIC PARTNERSHIP Combining FSIC & CCT platforms to create stockholder value FS INVESTMENTS AND KKR TO ESTABLISH INDUSTRY-LEADING PARTNERSHIP FS Investments ( FS ) and KKR
More informationLife Sciences Outlook. Westchester County 2016
Life Sciences Outlook Westchester County 2016 Westchester County Just a short distance from Manhattan, Westchester County is an ideal location to many firms looking to attract and retain talent. The access
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT November 2017 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More information2015 Real Estate Industry Update A landscape for change: Transforming for the future
2015 Real Estate Industry Update A landscape for change: Transforming for the future December 10, 2015 Welcome Welcome to Deloitte s 2015 real estate industry update The real estate industry has been on
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT December 2018 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT February 2018 SAN DIEGO HIGHLIGHTS IN THIS ISSUE Every quarter San Diego Regional EDC analyzes key economic indicators that are important to understanding the regional
More informationINVESTOR PRESENTATION. NASDAQ: SALM June 2017
INVESTOR PRESENTATION NASDAQ: SALM June 2017 Safe Harbor Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationKOLSRUD INVESTMENT SERVICES TEAM. Colliers International Minneapolis-St. Paul
KOLSRUD INVESTMENT SERVICES TEAM Colliers International Minneapolis-St. Paul Accelerating Success Kolsrudinvestment.com COLLIERS INTERNATIONAL Colliers International is a leader in global real estate services,
More informationINDUSTRIAL LEASE STATISTICS 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% Q2 13 Q3 13 Q4 13
MARKET WATCH HOUSTON INDUSTRIAL AUGUST 0 RECENT INDUSTRIAL LEASES East-Southeast Far :: Packwell,000 SF renewal and expansion at Bayport Distribution Center Northwest Near :: Dal-Tile Distribution 37,9
More informationState of the U.S. Retail Market
State of the U.S. Retail Market 2015 Q1 Review and Forecast Copyright 2015 CoStar Realty Information, Inc. No reproduction or distribution without permission. The following information includes projections
More informationKKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018
KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn
More informationCOLUMBUS 2020 A REGIONAL GROWTH STRATEGY FOR CENTRAL OHIO
COLUMBUS 2020 A REGIONAL GROWTH STRATEGY FOR CENTRAL OHIO Vision To achieve the strongest decade of growth in the Columbus Region s history Mission To strengthen the economic base of the 11-county Columbus
More informationSAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT
SAN DIEGO S QUARTERLY ECONOMIC SNAPSHOT August 2017 highlights in THIS ISSUE Every quarter Regional EDC analyzes key economic indicators that are important to understanding the regional economy and the
More information2015 Real Estate Industry Update A landscape for change: Transforming for the future
2015 Real Estate Industry Update A landscape for change: Transforming for the future September 17, 2015 Welcome Welcome to Deloitte s 2015 real estate industry update The real estate industry has been
More informationchronology FARMERS NATIONAL GOLD BANK BECOMES FIRST NATIONAL BANK OF SAN JOSE.
112 chronology 1880 1858 FARMERS NATIONAL GOLD BANK BECOMES FIRST NATIONAL BANK OF SAN JOSE. In the 1850s, Honolulu is a bustling whaling port that lacks a bank. Charles R. Reed, a local businessman, recognizes
More informationBe Counted, America! The Challenge Ahead An analysis of mail-in participation in the 2010 Census as door-to-door enumeration begins
May 3, 2010 Be Counted, America! The Challenge Ahead An analysis of mail-in participation in the 2010 Census as door-to-door enumeration begins On April 28, the U.S. Census Bureau announced that the nation
More informationLarry Katzenstein Partner
Larry Katzenstein Partner St. Louis 314 552 6187 direct 314 552 7187 fax lkatzenstein@ Presentations 2013 Skills Training for Estate Planners; New York Law School, July 18-19, 2013 ALI-CLE Program Estate
More informationSTATE OF THE U.S. SALE LEASEBACK MARKET Year in Review
STATE OF THE U.S. SALE LEASEBACK MARKET 2017 Year in Review Executive Summary $13.95B 2017 Transaction Volume 6.51% Average Cap Rate $25.5M Average Deal Size 547 Transactions 1,057 Properties 76.8M Square
More informationPhilip N. Feder. Los Angeles. Practice Areas. Admissions. Languages. Education. Partner, Real Estate Department
Philip N. Feder Partner, Real Estate Department philipfeder@paulhastings.com Philip N. Feder is a partner and former chair of the Global Real Estate practice of Paul Hastings and is based in the firm s
More informationLife Sciences Spotlight
New Jersey Winter 2018 In This Issue: Introduction NEW JERSEY Life Sciences Industry Overview Welcome to the first issue of the Avison Young New Jersey Life Sciences Specialty Practice Group's Newsletter.
More informationThe Changing Landscape of Commercial Real Estate Finance
The Changing Landscape of Commercial Real Estate Finance How M&A and new investment trends are changing the industry GEMMA BURGESS Manging Director Ferguson Partners THE CHANGING LANDSCAPE OF COMMERCIAL
More informationKKR & Co. L.P. Morgan Stanley Financials Conference: June 13, 2018
KKR & Co. L.P. Morgan Stanley Financials Conference: June 13, 2018 ($ in trillions) KKR Growth in Alternative Asset Market Share KKR AUM +20% CAGR +21% CAGR Alternative AUM +12% CAGR $190 (1) ($ in billions)
More informationConvene and RXR Realty Partner to Bring Premier Meeting Lounge, Event Space and Workplace Hospitality Services to Newly Renovated 237 Park Avenue
FOR IMMEDIATE RELEASE Media Contacts: For Convene For RXR Realty Bennie Sham / Rick Anderson Diana Kashan Feintuch Communications DKC Public Relations 212-808-4904 / 718-986-1596 212-981-5161 convene@feintuchpr.com
More informationTextron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5%
Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5% 07/16/2014 PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported
More informationFast Facts ABOUT BECKNELL BROAD MARKET COVERAGE BECKNELL LOCATIONS
Fast Facts BROAD MARKET COVERAGE BECKNELL LOCATIONS ABOUT BECKNELL Becknell Industrial specializes in the development, acquisition, management & long-term ownership of industrial properties nationwide.
More information261 Gorham Road South Portland, ME Company Profile
Company Profile Preservation Management, Inc. (PMI) has been providing comprehensive residential and commercial property management services since 1990. Over the last two decades PMI has grown to manage
More informationinvestments asset management property management
investments asset management property management Our Mission To acquire quality properties providing secure and sustainable returns for our equity partners. About the Company The Partnered Property Acquisitions
More informationEnergy. Practice. Group
Energy Practice Group The Energy Practice Group is a multi-disciplinary group of investment banking advisors within Corporate Finance Associates. Collectively, the Energy Practice Group provides M&A advice
More informationWalgreens KINSON RUSSO NET LEASED TEAM
KINSON RUSSO NET LEASED TEAM Walgreens PRESENTED BY Douglas T. Kinson Director - Net Leased Properties Group Orlando Office Dir: (407) 557-3842 Cell: (407) 625-9539 Fax: (407) 557-3810 douglas.kinson@marcusmillichap.com
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative to other major metropolitan
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn of Assets $81bn Private Equity, Growth Equity
More informationWest Los Angeles Office Market Report
FIRST QUARTER 2015 West Los Angeles Office Market Report Partnership. Performance. www.avisonyoung.com FIRST QUARTER 2015 New Jersey West Los Angeles Office Market Report Partnership. Performance. Market
More informationNorth American Business Activity Statistics
Second Quarter 2014 XTeam Partner: Strategic Retail Advisors (Boston, MA) Room & Board: Newbury Street Flagship Store (39,000 SF) WE ARE over 400 professionals in 35 offices throughout North America. We
More informationLife Sciences Outlook. New York City 2016
Life Sciences Outlook City 2016 City is emerging as a leading destination for biotech startups and the larger life sciences industry. Investors have committed millions of dollars throughout the city and
More informationTextron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1%
Textron Reports Third Quarter Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1% 10/17/ PROVIDENCE, R.I.--(BUSINESS WIRE)-- Textron Inc. (NYSE: TXT) today reported third
More informationOFFERING MEMORANDUM ContMid Group Industrial Portfolio Sale Leaseback OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 1
OFFERING MEMORANDUM ContMid Group Industrial Portfolio Sale Leaseback OFFERING MEMORANDUM CONTMID GROUP PORTFOLIO SALE LEASEBACK 1 TABLE OF CONTENTS TRANSACTION OVERVIEW PAGE 4 COMPANY OVERVIEW PAGE 5
More informationOFFERING MEMORANDUM Long Term Office & Warehouse Sale Leaseback OFFERING MEMORANDUM CIVITAS SALE LEASEBACK PORTFOLIO 1
OFFERING MEMORANDUM Long Term Office & Warehouse Sale Leaseback OFFERING MEMORANDUM CIVITAS SALE LEASEBACK PORTFOLIO 1 TABLE OF CONTENTS TRANSACTION OVERVIEW PAGE 4 COMPANY OVERVIEW PAGE 5 SAMPLE PUBLICATIONS
More informationFirst Southern Securities, LLC Credentials
First Southern Securities, LLC Credentials Table of Contents SECTION A SECTION B SECTION C SECTION D Overview of First Southern Securities, LLC......3 Services Offered...6 Trading Volume by Credit 1. Municipal...11
More informationGrowing Cash Flow, Delivering Value. First Industrial Investor Day November 12, 2013
Growing Cash Flow, Delivering Value First Industrial Investor Day November 12, 2013 Safe Harbor This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities
More informationBritco Group. Transaction snapshot
Britco Group Transaction snapshot About Ernst & Young Orenda Corporate Finance Inc. Ernst & Young Orenda Corporate Finance Inc. is one of Canada s largest corporate finance firms focused on mid-market
More informationNORTH AUSTIN II WILKE LANE PFLUGERVILLE, TX 78660
NORTH AUSTIN II 19447 WILKE LANE PFLUGERVILLE, TX 78660 Erik Carlson, BRE#1347649 Senior Advisor and Vice President 408.392.8822 erik.carlson@svn.com CalBRE #1347649 Paul Getty, BRE#01705899 President
More informationPortland State of the Market 2016
RESILIENT & RISING Portland State of the Market 2016 Portland why all the hype? Source: JLL Research Highest GDP Growth Oregon has the fastest real GDP growth in the nation at 3.9% in Q1 2016 Highest Job
More informationAGREE REALTY CORPORATION REPORTS THIRD QUARTER 2016 RESULTS
70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY CORPORATION REPORTS THIRD QUARTER 2016 RESULTS Bloomfield Hills, MI, October 24, 2016 -- Agree Realty
More informationKOHLBERG CAPITAL CORPORATION. May 2007
KOHLBERG CAPITAL CORPORATION May 2007 Safe Harbor Statement Private Securities Litigation Reform Act of 1995 Forward Looking Information This presentation may include forward-looking statements. These
More information2015 Real Estate Industry Update A landscape for change: Transforming for the future
2015 Real Estate Industry Update A landscape for change: Transforming for the future December 11, 2015 Welcome Welcome to Deloitte s 2015 real estate industry update The real estate industry has been on
More informationSOLAR. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com
SOLAR Representing clients across the renewable energy industry What clients value Troutman Sanders served as counsel to over 5600 MWs of solar projects in 2016-2017. U.S. News Best Lawyers Our innovative
More informationFourth Round 2006 New Markets Tax Credit Allocations
Fourth Round 2006 New Markets Tax Credit Allocations Name of Allocatee Location Service Area Market Financing Activity Award Amount Advantage Capital Community Development Fund, American Community Renewable
More informationECONOMIC SNAPSHOT. A Summary of the San Diego Regional Economy UNEMPLOYMENT
A Summary of the San Diego Regional Economy Brought to you by San Diego Regional EDC analyzes key economic metrics that are important to understanding the regional economy and San Diego s standing relative
More informationA Balanced Approach in Private Equity Investing
A Balanced Approach in Private Equity Investing Capital Concepts is a Chicago-based private equity firm providing financial balance for its investors. Capital Concepts has an opportunistic investment style
More informationWalgreens KINSON RUSSO NET LEASED TEAM
KINSON RUSSO NET LEASED TEAM Walgreens PRESENTED BY Douglas T. Kinson Director - Net Leased Properties Group Orlando Office Dir: (407) 557-3842 Cell: (407) 625-9539 Fax: (407) 557-3810 douglas.kinson@marcusmillichap.com
More informationSan Diego Life Science Market Report
SECOND QUARTER 2015 San Diego Life Science Market Report Partnership. Performance. Avison Young - San Diego 4225 Executive Square, Suite 600 La Jolla, CA 92037 858.201.7070 www.avisonyoung.com SECOND QUARTER
More informationPORTFOLIO INDUSTRIAL SALE LEASEBACK 8.5% CAP 15 YEAR TERM. Damon Root Vice President
MARQUIS YACHTS PORTFOLIO INDUSTRIAL SALE LEASEBACK 8.5% CAP 15 YEAR TERM 790 Industrial Park Road, Pulaski, WI 54162 132,278 SF 19.6 Acres 830-850 E Glenbrook Drive, Pulaski, WI 54162 167,088 SF 14.99
More informationFSIC FRANCHISE. Frequently asked questions
Frequently asked questions FSIC FRANCHISE 1. What are the details of the announced transaction? FS Investments ( FS ) and KKR Credit ( KKR ) announced an agreement to form a partnership to provide investment
More informationConfirms 2013 Financial Guidance
Confirms 2013 Financial Guidance PROVIDENCE, R.I.--(BUSINESS WIRE)--Jul. 17, 2013-- Textron Inc. (NYSE: TXT) today reported second quarter 2013 income from continuing operations of $0.40 per share, compared
More informationOffice Condo Inside I-285 1,334 SF Available For Sale
Office Condo Inside I-285 1,334 SF Available For Sale P of 10 Table of Contents For more information, please contact: Gina Low National Net Lease Investment Group (404) 876-1640 x 154 GLow@BullRealty.com
More informationMara H. Rogers, Partner Norton Rose Fulbright
Mara H. Rogers Partner Norton Rose Fulbright US LLP New York T:+1 212 318 3206 F:+1 212 318 3400 mara.rogers@nortonrosefulbright.com vcard (+Outlook) Related services Corporate, M&A and securities Mergers
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. Inc. Investor Update February 1, 2019 Key Metrics Assets Under Management Management Fees ($ in billions) ($ in millions) $195 $1,069 $168 $905 $100 $107
More informationKKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017
KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform December 2017 Strategic BDC Partnership Introduction On December 11, 2017, KKR and FS Investments
More informationSmall Business Investment Companies
Small Business Investment Companies Small Business Investment Companies The economy depends on privately held businesses, and privately held businesses need capital to grow. The SBIC (Small Business Investment
More informationHeadcount: Hidden Founded in Hidden. Assets Under Management: Hidden Hidden Hidden Hidden NewStar Business Credit Closes $15MM Credit for Atlas Group
Firm: GRAHAM PARTNERS GRAHAM PARTNERS Asset Manager Headcount: Hidden Founded in Hidden Assets Under Management: Hidden Hidden Hidden Hidden NewStar Business Credit Closes $15MM Credit for Atlas Group
More informationThe Future of Growth and the Energy Industry
The Future of Growth and the Energy Industry July 20, 2017 Grant Thornton LLP. All rights reserved. 1 Our Speakers Steve Toon Editor in Chief Oil and Gas Investor Kevin Schroeder National Managing Partner,
More informationPACIFIC CENTER COURT. san diego, california EXECUTIVE SUMMARY AN EXCEPTIONAL REPOSITIONING OPPORTUNITY
AN EXCEPTIONAL REPOSITIONING OPPORTUNITY 10455 san diego, california Holliday GP Corp. ( HFF ), a California licensed real estate broker, California License #01385740 10455 INVESTMENT ADVISORY TEAM NICK
More informationWalgreens KINSON RUSSO NET LEASED TEAM. Joseph F. Russo
KINSON RUSSO NET LEASED TEAM Walgreens PRESENTED BY Douglas T. Kinson Director - Net Leased Properties Group Orlando Office Dir: (407) 557-3842 Cell: (407) 625-9539 Fax: (407) 557-3810 douglas.kinson@marcusmillichap.com
More informationUniversity of Denver Franklin L. Burns School of Real Estate & Construction Management. Dividend Capital Research
Glenn R. Mueller, Ph.D. Professor University of Denver Franklin L. Burns School of Real Estate & Construction Management & Real Estate Investment Strategist Dividend Capital Research glenn.mueller@du.edu
More informationU.S. Economic, Office and Industrial Market Overview and Outlook. July 16, 2014
2014 U.S. Economic, Office and Industrial Market Overview and Outlook July 16, 2014 U.S. Economic Overview U.S. GDP Growth Persistent Despite 1Q Polar Vortex Annualized Quarterly Percent Change 10% 5%
More informationRonald Blue & Co., Thrivent Trust Co. join and expand as nationwide trust company
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT: August 2, 2017 Ty Mays @ (770) 256-8710 tmays@paragoncommunications.net Ronald Blue & Co., Thrivent Trust Co. join and expand as nationwide trust company
More informationColumbia University MsRED Career Development Program
Columbia University MsRED Career Development Program Toronto, April 4 5, 2012 Itinerary Wednesday, April 4 Oxford offices, Royal Bank Plaza 200 Bay Street, North Tower, 9th Floor 12:00 pm Lunch 1:00 pm
More informationCreating a Competitive Advantage for REITs
Creating a Competitive Advantage for REITs GEMMA BURGESS Managing Director, Ferguson Partners RADHIKA PAPANDREOU Managing Director, Ferguson Partners CREATING A COMPETITIVE ADVANTAGE FOR REITS Like all
More informationColliers International Real Estate Trends2018
Colliers International Real Estate Trends2018 Colliers International Silicon Valley Market Recap San Jose, California - February 13, 2018 - In its 19th consecutive year, last week Colliers International
More informationThe Danish-American Entrepreneurship Summit
The Danish-American Entrepreneurship Summit Insights Into the US Venture Capital Markets How to Create A Winning Strategy? Clare Fairfield Do Innovation Development Systems Matter? In 2003, venture backed
More informationGrowth and Complexity of Real Estate
Growth and Complexity of Real Estate Steven Littman & Jane Lyons, IRC USA - Rhodes Associates Jan. 1, 2015 There is an increasing flow of investment capital into global real estate markets, creating a
More informationINVESTOR PRESENTATION. NASDAQ: SALM August 2017
INVESTOR PRESENTATION NASDAQ: SALM August 2017 Safe Harbor Certain statements in this presentation constitute forward-looking statements within the meaning of the private securities litigation reform act
More informationKKR Credit Advisors (Ireland) Unlimited Company PILLAR 3 DISCLOSURES
KKR Credit Advisors (Ireland) Unlimited Company KKR Credit Advisors (Ireland) Unlimited Company PILLAR 3 DISCLOSURES JUNE 2017 1 1. Background The European Union Capital Requirements Directive ( CRD or
More informationNEC VAL VISTA AND RIGGS
NEC VAL VISTA AND RIGGS VAL VISTA DRIVE AND RIGGS ROAD GILBERT, AZ 85298 Mary Nollenberger Director of Leasing and Retail Investment Sales 480.425.5520 mary.nollenberger@svn.com Nicole Ridberg Senior Advisor
More information