5. What are our results to date? Address Total cost basis Appraised Value Profit % profit 405 Gregory St $ 191,568 $ 299,000 $ 107,432 35.9% 330 N 20th St $ 300,192 $ 398,000 $ 97,808 24.6% 1028 Vine St $ 314,137 $ 359,000 $ 44,863 12.5% 812 Locust $ 239,515 $ 345,000 $ 105,485 30.6% 1196 Locust $ 165,000 $ 249,000 $ 84,000 33.7% Total $ 1,210,411 $ 1,650,000 $ 439,589 26.6% Average $ 242,082 $ 330,000 $ 87,918 27.5%
6. What do the proforma investment returns look like?
7.
8. 330 North 20 th Street 405 Gregory Street 812 Locust Street 1028 Vine Street 1196 Locust Street What type of assets do we buy? Location of homes
9. What is our process? “ Buy at a discount” “ Make repairs the right way” “ Manage aggressively” “ Sell aggressively” Market timing: 4 – 5 years
10. How will the economy affect the Juniper Fund? NOS, NOD trending positive Source: Foreclosure Radar, August 2010
11. How will the economy affect the Juniper Fund? Outcomes trending positive Source: Foreclosure Radar, August 2010
12. How will the economy affect the Juniper Fund? Home prices trending positive Average Price of Sold, Single Family Homes in San Jose from Jan 2005 through August 2010 Source: MLS Listings.com, Sep 2010
13.
14.
Editor's Notes
Goal is to communicate instant credibility and the fact that we actually already executing the strategy “ this is a house we bought in san jose” at a Gross Rent Multiplier of 11 – we expect to achieve a 16% return on it – a marginal deal in terms of what we hope to achieve bigger picture
Historic opportunity in macroeconomic terms: home prices, interest rates, inflation, etc STRONG fundamentals Aggressive management Cypress group is ideally suited to make this happen
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
Discuss in following order Purchase Resale IRR calculation Cash flow Performance metrics
Has any of this changed?
Historic opportunity in macroeconomic terms: home prices, interest rates, inflation, etc STRONG fundamentals Aggressive management Cypress group is ideally suited to make this happen
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
The timing for inflation and interest rates, as well as housing prices obviously is good….
![Juniper Residential Fund: An Update ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)