4. DRAWING UPON OUR ROOTS IN
PROPERTY ACQUISITION AND
IMPROVEMENT, WE EMPLOY AN OWNER’S
PERSPECTIVE TO CRAFT A TAILORED
SOLUTION FOR YOUR PROPERTY.
WHAT SETS TRICAP APART IS WHAT FUELS YOUR PROJECT SUCCESS:
Owner’s Perspective
No matter what the assignment, we manage
each property as if it were our own. We look
at each property acquired not only with a
sense of professional pride, but personal
satisfaction.
Accountable and Committed Team
Tricap isn’t just accountable to the quality
of the work we provide, but also the
character of the team that acts as your
liaison for each property. It’s for this
reason that we make sure to hire only the
most professional colleagues possible,
individuals that deeply understand our core
principals of honesty, trust, and reliability.
Principal Involvement
Adding to the strength of our dedicated
team, you can ensure Principal involvement
in each property we undertake, and for
each client we work alongside. Our whole
team is involved in our daily operation so
there are no communication mishaps. We
keep our staff continuously in the know so
each of us is perpetually informed of how to
approach your specific project and property.
Tailored Solutions Backed By the
Latest in Technology
Through our focused operation we ensure
the application of leading edge, best in
class technology. What makes us stand out
is our team focuses the attention and time
to show you how to fully integrate tools and
technology into your property. We offer full
support to determine the best programming
specific to your needs.
6. Tricap Residential Group | TricapRes.com Page 6
ABOUT US1
SERVICES
TRICAP’S APPROACH TO YOUR REAL ESTATE NEEDS IS AS SIMPLE AS IT IS
EFFECTIVE: WE MANAGE EACH PROJECT AS IF IT WERE OUR OWN.
Understanding Your Goals by Listening to Your Needs
Tricap understands that each property, project, and owner is unique. We pride ourselves on taking the time
to understand your property and investment goals at the onset of our relationship.
Executing a Plan That Exceeds Your Expectations
Once we understand your goals, Tricap will form and execute a plan tailored to your needs. Our plans are
full coverage, detailing unit pricing, property marketing and leasing, resident and reputation management,
facilities maintenance, accounting, and reporting. On top of this personalized plan we create a best-in-
class experience for our clients through sophisticated technology integration whenever possible. This step
reduces overhead and allows each customer to gain a detailed understanding of their investment.
Development
»» Land Acquisition
»» Development Analysis and
Underwriting
»» Product Development and
Program Management
»» Design, Construction, and
Disposition Management
Experience and Direct Communication at Each Stage
Value Add
»» Deal Sourcing and Underwriting
»» Program Development
»» Construction Management
»» Property Management
»» Property Lease Up
Stabilization
»» Efficient Property Management
»» Resident Retention
»» Reputation Management
»» Revenue Management
»» Property Positioning
7. Tricap Residential Group | TricapRes.com Page 7
ABOUT US1
LEADERSHIP
OUR TALENTED TEAM OF REAL ESTATE PROFESSIONALS HAVE AN UNCANNY
ABILITY TO ANTICIPATE AND IDENTIFY OPPORTUNITIES IN DIVERSE
MARKETS. WE CREATE VALUE THROUGH STRONG MANAGEMENT AND PUT
OUR EXPERIENCE TO WORK AT EACH STAGE.
Bryan Pritchard - President
Listen to Bryan talk about real estate for five minutes, and one
thing becomes abundantly clear: He loves what he does. In today’s
tumultuous real estate marketplace, that enthusiasm is every bit as
important as talent – which in Bryan’s case is considerable.
In 2007, Bryan founded Tricap as a redeveloper of multi-family
assets, and achieved quick success repositioning properties through
a combination of renovation, enhanced property management,
and lease-up. From there, he built the company into a multifaceted
organization that develops, manages, and leases thousands
of apartments throughout the Midwest, and has completed
redevelopment projects ranging from neighborhood walk-ups
to major high-rise renovations. Bryan holds a B.S. in Mechanical
Engineering from the University of Michigan and is a Past President of
the Lincoln Park Builders of Chicago.
The net result of all his experience is the “owner’s perspective” that
Bryan uses to personify the company’s approach to each aspect of
the real estate business.
“The secret of success is to understand the point of view of others.” —Henry Ford
8. Tricap Residential Group | TricapRes.com Page 8
ABOUT US1
OUR TEAM
INTEGRITY, TRUST, AND HARD WORK PUSH OUR DEDICATED TEAM AHEAD,
OUR GOALS AND CLIENT COMMITMENT HOLD US TOGETHER.
Brian Arseneau - Controller
Brian joined Tricap in 2014 and brings a level of experience that
includes several tenures at private and institutionally funded real
estate companies, including his position as the Controller at the
Land Division for Kimball Hill Homes. Brian’s rolls include, but are
not limited to, accounting, treasury management, forecasting, and
compliance.
In addition to being an accomplished real estate professional, Brian
represented the United States in the 1988 Winter Olympics, and is
a member of the National Speed Skating Hall of Fame. Brian is a
graduate of Northern Michigan University as well as a CPA.
Andrew Tague- Director of Acqusitions
Andrew joined Tricap in 2012 and is responsible for the sourcing,
underwriting, and closing of investment properties. Prior to Tricap, he
garnered substantial professional experience in a variety of settings,
including legal services, loan servicing, and commercial real estate
brokerage.
Andrew completed his undergraduate work at Northern Illinois
University, receiving a Bachelor of Science in Business Management.
Additionally, he earned his J.D. from the Chicago-Kent College of Law
where he focused his studies on business law.
9. Tricap Residential Group | TricapRes.com Page 9
ABOUT US1
OUR TEAM
(CONTINUED)
Brandi Tucker- Marketing Director
Brandi joined Tricap in February 2015; she sets the strategy and
oversees branding, marketing, public relations, and community affairs.
With a diverse background, she brings a wealth of knowledge in
community and promotional marketing. Possessing a strong passion
for brand development and consumer behavior, she guides the
company’s focus to be resident-driven. Prior to Tricap, Brandi was the
V.P. of Marketing at Pangea Universal Holdings. Before Pangea, she
was the Marketing Manager at Morningside Equities group where she
oversaw all facets of marketing for a 60 million dollar project.
Brandi graduated with a Bachelor’s in Marketing Communications and
a concentration in Public Relations from Columbia College Chicago.
She has been an active member of The Chicagoland Apartment
Association for over four years and has sat on two committees.
Rachel Dunseth - Director of Property Management
As Director of Property Management, Rachel directs all areas
of property management. Rachel has 20+ years of property
management experience in communities throughout the Midwest and
prior to joining Tricap she was a regional property manager for Ardent
Properties in Columbus, OH.
Rachel’s work ethic and positive attitude are infectious. She not only
serves as a manager at Tricap, but also a role model to everyone on
her team.
10. Tricap Residential Group | TricapRes.com Page 10
ABOUT US1
OUR TEAM
(CONTINUED).
Maria Guerrero
Office Manager,
Kris Skoczen
Property Manager
Amanda Hughes
Sr. Accounting Manager
Charlotte Smith
Sr. Accountant
Nicole Carey
Property Manager,
Jessina Parks
Sr. Community Manager
Yolanda Evans
Property Manager
Sherrie Kafury
Property Manager
Liann Jensen
Property Manager
Eric Kratchovil
Sr. Maintenance Supervisor
Lupe Godina
Accounts Payable Manager
11. Tricap Residential Group | TricapRes.com Page 11
ABOUT US1
REFERENCES
OUR COMMUNITY IS NOTHING WITHOUT TRUST AND PARTNERSHIP. WE
WORK CLOSELY WITH THE ORGANIZATIONS WE VALUE AND RESPECT SO
WE ENSURE THAT WE ARE BEING HELD AT EQUALLY HIGH STANDARDS.
References
Lee Kiser
Founder
Kiser Group
1628 W. Montrose
Chicago, IL 60613
lkiser@kisergroup.com
(773) 293-5000
David Galowich
President
Madison Realty Group, Inc.
200 W. Madison Street, Suite 2601
Chicago, IL 60606
dgalowich@madisonchicago.com
(312) 759-5020
Nicholas Coburn
Founder & Partner
Bloomfield Capital
280 North Old Woodward Avenue
Birmingham, MI 48009
ncoburn@bloomfieldcapital.com
(248) 220-1956
Erik Stamell
Partner
National Equity Corp.
6905 Telegraph Road, Suite 110
Bloomfield Hills, MI 48301
erikstamell@yahoo.com
(248) 227-7263
Michael Chioros
President
Chioros Properties
53 W. Jackson, Suite 1757
Chicago, IL 60604
mike@chioros.com
(312) 613-3931
James Peterson
Partner
Pioneer Acquisitions, LLC
180 East Post Road
White Plains, NY 10601
james@pioneeracq.com
(212) 588-8821
14. Tricap Residential Group | TricapRes.com Page 14
PROPERTY MANAGEMENT2
PROPERT Y MANAGEMENT OVERVIEW
WE DEDICATE OURSELVES TO YOUR RESIDENTS AND COMMUNITY BY
CONSISTENTLY PROVIDING INCREDIBLE CUSTOMER SERVICE, TREMENDOUS
VALUE, AND A COMFORTABLE LIVING ENVIRONMENT.
Experience and Professionalism Matters
The residential apartment market is ever changing, and maximizing NOI is critical to the financial success of
your investment. Our management teams have a thorough knowledge of your community, and thus a deep
perspective of the variety of renters in the market.
Marketing
Pinpointing the
competition and
measuring the ROI of
your marketing budget
is critical to your
property’s success.
»» Competitive Market
Analysis (CMA)
»» Customized Marketing
Plan
»» Tracking Your Budget
»» Reporting and
Analyzing Your
Results
Leasing
Utilizing personalized
and up-to-date
marketing and
advertising strategies,
we track your marketing
dollars to the place that
it matter most: lease
signings.
»» Price Syndication
»» Revenue
Management
»» Lead Tracking
Systems
»» Resident Screening
Retention
The most important
prospect is a renter who
already resides in your
community.
»» Resident Events
»» Social Media
Interaction
»» Reputation
Management
»» Real-Time Resident
Feedback
»» Proactive and
Friendly Staff
Operations
Our management
teams are experienced
multifamily
professionals and
problem solvers by
nature.
»» 24 Hour Maintenance
»» Resident Portals
»» Online Payments
»» HR, Training and
Benefits
»» Professional
Education
»» Accounting and
Reporting
»» Vendor Compliance
MAX
NOI
15. Tricap Residential Group | TricapRes.com Page 15
PROPERTY MANAGEMENT2
MARKE TING
WE POSITION AND BRAND OUR COMMUNITIES WITH AN IDENTITY THAT
IS RECOGNIZABLE, MEMORABLE, AND RESONATES WITH YOUR TARGET
DEMOGRAPHIC.
Custom Marketing Campaigns That Leverage Technology to Maximize Results
Tricap understands the importance of returning the most from each marketing budget that we implement.
To ensure our marketing strategies are performing at their peak, we utilize a sophisticated lead tracking
system that monitors both the quantity and quality of each lead.
Competitive Market Analysis (CMA)
Tricap prepares a Competitive Market Analysis (CMA) of any neighborhood we go
into to determine market pricing for that community. Upon completion of this CMA
we prepare and execute a comprehensive marketing plan and budget for owner
review and approval.
Custom Marketing Plan
Developing and communicating a clear and consistent message is paramount to effectively marketing your property.
We understand the importance of professional marketing, and we have the experience to develop and broadcast the
message that best fits your image. Our integrated system includes an imbedded call-tracking technology to determine
each call’s origins, and targets which calls are main leads. This technology also interprets which team members answer
each lead, how long each call lasts, and what days and times are peak for leasing calls. Tricap automatically captures
guest card information and lead source data to seamlessly transfers it to your property management system.
Custom Websites
We provide
professionally
designed websites
that are easy for you
and your prospective
residents to use.
Advertising
We highlight and
cater messaging
directly to your
target audience.
Internet Listing
Service
Pricing integration
delivered in real-
time for all of your
internet marketing
sources.
Customized
Collateral
A tailored solution to
display the benefits
of your property and
community.
Property Signage
Clean and effective
signage customized
to your property’s
key attributes.
Professional Leasing Staff
An organized and dedicated team
that supports your tenants both
future and present.
Tracking Your Dollars and
Reporting the Results
Detailed management reports help us to
maximize our advertising budget while
gaining visibility into site performance
and pinpointing successful methods to
increase productivity.
BRYAN
PRITCHARD
President
747 N. LaSalle, Suite 210
Chicago, IL 60654
T 312 725 9440
F 312 725 9440
bpritchard@tricapres.com
WE BELIEVE IN ONE
PRINCIPLE ABOVE ALL OTHERS:
GREAT PEOPLE CREATE
GREAT EXPERIENCE. IT’S
THE DIFFERENCE
THAT OUR
RESIDENTS ARE PROUD TO
EXPERIENCE
EVERY DAY.
Property Management
Acquisition & Development
Real Estate Advisory
tricapres.com
Tricap
Residential
Group
747 N. LaSalle,
Suite
210
Chicago,
IL 60654
312 725 9440
info@tricapres.com
Property
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Real Estate
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PRITCHARD
President
747 N. LaSalle, Suite 210
Chicago, IL 60654
T 312 725 9440
F 312 725 9440
bpritchard@tricapres.com
WE BELIEVE IN ONE
PRINCIPLE ABOVE ALL OTHERS:
GREAT PEOPLE CREATE
GREAT EXPERIENCE. IT’S
THE DIFFERENCE THAT OUR
RESIDENTS ARE PROUD TO
EXPERIENCE EVERY DAY.
Property Management
Acquisition & Development
Real Estate Advisory
tricapres.com
WHAT SETS TRICAP APART IS WHAT FUELS YOUR PROJECT SUCCESS:
DRAWING UPON OUR ROOTS IN
PROPERTY ACQUISITION AND
IMPROVEMENT, WE UTILIZE AN OWNER’S
PERSPECTIVE TO CREATE A TAILORED
SOLUTION FOR YOUR PROPERTY.
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16. Tricap Residential Group | TricapRes.com Page 16
PROPERTY MANAGEMENT2
LEASING
APARTMENT COMPLEXES ARE ABOUT BUILDINGS. OUR APARTMENT
COMMUNITIES ARE ABOUT PEOPLE.
Dedicated Leasing Agents
Utilizing the most up-to-date marketing and advertising strategies, our experienced teams are
compensated primarily on a simple metric— lease signings. Our reward-based compensation structure,
balanced by your pre-determined applicant screening criteria, ensures filling your vacancies with qualified,
long-term tenants.
Price Syndication & Revenue Management
The complexities of the multi-family market make
it difficult to accurately determine all the variables
necessary to calculate a price that balances rental
rates with occupancy for a forecasted maximum
profit. Tricap navigates these intricacies by
utilizing the industry leading revenue management
software from YieldStar.
YieldStar leverages a growing database of
multifamily lease transaction data for millions of
apartment units. This massive data store allows
us to provide our clients with an exceptional
visibility into past and current performance trends
for thousands of properties and submarkets
nationwide.
Lead Tracking Systems
We utilize a sophisticated lead
tracking system to monitor and
track both the quantity and
quality of each of our leads. Our
system includes an imbedded
call-tracking technology to
determine the prospects
coming from each lead source,
and which team member is
responding to the inquiry.
Resident Screening
Tricap adheres to an advanced screening
technology that gives an extensive look into
each potential resident through in-depth criminal
background and credit checks. Our screening
ensures a property’s improved profitability through
ledger-level integration and the industry’s largest
rental payment history database.
»» Impartial Scoring Model
»» Credit & Criminal Background Checks
»» Instantaneous Decision Making
»» Reduced Rental Losses Via
Up-Front Due Diligence
17. Tricap Residential Group | TricapRes.com Page 17
PROPERTY MANAGEMENT2
OPER ATIONS
WE TREAT EACH PROPERTY AS IF IT WERE OUR OWN, COMBINING ONLINE
AND ON THE GROUND PERSPECTIVES TO MANAGE THE DAY-TO-DAY
OPERATIONS OF YOUR PROPERTY.
Experienced Property Managers Connected With a Professional Maintenance Staff
By streamlining each property’s staff we make sure that each detail of the property is taken care of, from
curb appeal to fixing a leaky faucet. We adhere to a level of attention that ensures even the smallest details
are an important part of our equation—one of the many ways that helps to set us apart in the field.
Staffing
We take our investment in human
capital very seriously. Each
member of our team is a highly
trained real estate professional,
from property managers to our on
the ground maintenance team.
24 Hour Maintenance
Service requests from our
residents happen 24/7/365.
By being available when our
residents need us, we make sure
our residents are satisfied with
their home and the team behind it.
24
HOUR
Resident Portals
Tricap provides a Resident Portal system with an
easy-to-navigate online gateway that complements
our residents’ lifestyles while also enhancing their
community experience. Optimized for mobile
devices, residents can quickly access this portal
from their smartphone, tablet, or computer. Resident
portal services include securely paying rent,
submitting service requests 24/7, and reserving
property amenities at the resident’s convenience.
Online Payments
By providing our residents the ability to make
electronic payments, we are able to accept multiple
payment options. Placing this service online also
ensures security and 24-hour access. Through our
online payment system our residents can check
balances, set up one-time or reoccurring payments,
and pay whenever and wherever they want.
HR Training and Benefits
By partnering with several best-in-
class training and human resource
management partners, Tricap
maintains a work environment
that is challenging, vibrant, and
rewarding for our employees.
Accounting and Reporting
Our in-house team utilizes
sophisticated accounting software
to provide a reporting package
specific to each of our client’s
needs. Timely and accurate
reporting is essential to measure
a property’s performance, and we
maintain the necessary checks
and balances to ensure fiduciary
responsibilities to each client are
maintained.
Vendor Compliance
Our clients sleep soundly knowing
their assets are properly insured. By
partnering with Compliance Depot
we establish that all of our vendors
have executed general services
agreements that comply with the
insurance requirements outlined
in our property management
agreement.
18. Tricap Residential Group | TricapRes.com Page 18
PROPERTY MANAGEMENT2
RE TENTION
YOUR MOST VALUABLE RESIDENTS ARE THE ONES THAT ALREADY LIVE AT
YOUR PROPERTY. WE CREATE COMMUNITIES THAT RESIDENTS WANT TO
STAY AND THRIVE WITHIN.
Providing the Services That Earn Your Property Positive Feedback
Through instituted programs we ensure that your residents are not only satisfied, but happy members of
your property’s community. We promote activities that bring your residents together both on and offline,
while tracking any feedback that might come your way through several online platforms.
Resident Events
Promoting a sense of community
and collaboration for your
residents can be the difference
between a long-term resident or a
short-term lease.
Social Media Interaction
For tech-savvy target
demographics, Tricap customizes
a marketing plan that places a
strong emphasis on social media
networking. This provides another
location in which your residents
can interact both with you and
each other.
Proactive and Friendly Staff
Both in-house and property
management staff at Tricap
understand the importance of
treating our residents with the
highest level of courteousness
and professionalism—whether
they rented with us in the
past, present, or future. Not
only do our services promote
your reputation, but our staff’s
personality and actions do as
well.
Real-Time Resident Feedback
Knowing how your residents feel about your property
is crucial to improving your resident satisfaction, and
thus helping you increase renewals and grow your
NOI. Tricap utilizes the trusted SatisFacts survey tool
to provide direct and real-time feedback from your
residents.
»» Real-Time Customer Surveys
»» Immediate Follow-Up From Property Staff
»» Multiple Touch Points Throughout Lease Cycle
»» Executive Team Copied on All Surveys
Reputation Management
Listings that are potentially
damaging to your online
reputation can hurt your
credibility. On top of customized
community engagement for
your residents, we also monitor
your online reputation at the
corporate level. This ensures that
all questions from prospective
residents are answered quickly,
and any negative feedback has a
timely and appropriate response.
22. Tricap Residential Group | TricapRes.com Page 22
ACQUISITIONS & DEVELOPMENT3
ACQUISITIONS & DE VELOPMENT
EXPERIENCE. INTEGRITY. RESULTS.
Identifying the Strongest Outcome For Your Property
When looking for properties to take on, Tricap isn’t afraid to approach a challenging renovation or new
construction project head on. Our key strength is identifying opportunities that will maximize your
investment, even if that requires starting from the ground up. Through our network of construction
and renovation partners we build a plan best suited for your property’s construction or “value add”
redevelopment. We commit to you our property management skills all the way from property assessment
and feasibility to construction and marketing.
Development Experience Backed by a Professional Staff You Can Trust
Tricap’s track record of projects is filled with complex execution plans, something we aren’t shy to boast.
Many of our plans have involved heavy construction activity while maintaining property occupancy, a
key that results in higher ROI for our investors and partners. By staffing our company with determined
individuals, we provide a team that is eager to tackle complicated projects. Our investment in human
capital is the leading force behind your property’s success.
Project Feasibility
»» Proforma analysis
»» Zoning & Entitlements
»» Development Feasibility
Analysis
»» Market Evaluation
Financial Analysis
»» Proforma Development
and Analysis
»» Investment Structuring
& Syndication
Physical Due
Diligence
»» Property Condition
Assessment
»» Geotechnical
Investigation
»» Environmental Survey
»» Traffic Analysis
»» Appraisal Coordination
»» Environmental Impact
Statements
Project Execution
»» Construction
Management
»» Project Management
Through Design,
Leasing/Sales,
Marketing, and Legal
Project Planning, Branding, and Execution
26. Tricap Residential Group | TricapRes.com Page 26
RELEVANT EXPERIENCE4
SCHEDULE OF MANAGED PROPERTIES
Property Name Location No. of Units
Bryant Mercer Collection Columbus, OH 354
Arlington Villiage Dayton, OH 314
Hampshire Park Hobart, IN 186
Ravenswood Gardens Chicago, IL 151
Residences of Sawmill Park Columbus, OH 120
Everett Hyde Park Chicago, IL 98
Worthington Woods Columbus, OH 96
Portage Park Portage, IN 44
Southside Flats Chattanooga, TN 40
Total Units Under Management 1,403
27. Tricap Residential Group | TricapRes.com Page 27
RELEVANT EXPERIENCE4
Tricap’s Role
»» Value Add
»» Stabilization
R AVENSWOOD GARDENS
CHICAGO, IL
RavenswoodGardensApartments.com
About the Property
Found within Sheridan Park, Ravenswood Gardens exists in the
neighborhood’s historic district amongst beautiful single-family residences
from the early 1900’s. Glass block and lush greenery make our building an
oasis in the city, an apartment complex filled with studio and one-bedroom
apartments for the active couple or single urbanite.
Tricap’s Role
Tricap purchased Ravenswood Gardens in 2014 with the business plan of
adding value to the asset through a combination of interior unit renovation,
expense management, and rent increment. Furthermore, Tricap stabilized
the core physical characteristics of the property by replacing all of the
roofs and exterior steel entry staircases.
The property was originally constructed in the early 1970’s and serves
the entry-level renter community in one of Chicago’s up-and-coming
neighborhoods, Uptown. Because of the high density of units in near
proximity to each other, Tricap is able to manage this scattered site
portfolio from a single management office, increasing the level of customer
service to the residents and maximizing revenue from resident retention.
Key Metrics
»» 10%+ NOI growth in the first
year of ownership
»» Substantial rent growth
realized from cosmetic
and exterior renovation
program
At a Glance
151
Units
2014
Acquired/
Managed
Since
28. Tricap’s Role
»» Stabilization
BRYANT MERCER COLLEC TION
COLUMBUS, OH
BryantMercerCollection.com
About the Property
It’s atmosphere. It’s convenience. It’s the embodiment of Dublin apartment
living with the highest standards of comfort. It’s all yours at The Bryant
Mercer Collection. A boutique apartment community, The Bryant Mercer
Collection has all of the luxury amenities and designer suite features you
deserve and would find in a high-end condo.
Tricap’s Role
Tricap, on behalf of a private investment group, was retained as acquisition
advisor during the purchase of these properties in September of 2013.
The acquisition exemplified Tricap’s ability to execute complicated
transactions as it included a Freddie Mac loan assumption and a Freddie
Mac loan origination occurring simultaneously in conjunction with a
preferred equity investor and general partner syndication.
Tricap also acts as property manager and asset manager, handling all
facets of daily property activity and periodic investor reporting and
management.
Key Metrics
»» Complex transaction
involving multiple layers of
debt and equity financing
»» Successful Yieldstar
implementation has
allowed for high occupancy
and rent maximization
At a Glance
354
Units
2013
Acquired/
Managed
Since
Amenities
Tricap Residential Group | TricapRes.com Page 28
RELEVANT EXPERIENCE4
29. Tricap’s Role
»» Value Add
»» Stabilization
HAMPSHIRE PARK
HOBART, IN
HampshireParkApartments.com
About the Property
Hampshire Park is a residential staple of Northern Indiana, a community
built within the quiet town of Hobart. The grounds are purposefully tucked
amongst acres of beautifully manicured landscape for privacy, yet are
conveniently located near I-95, the expansive Southlake Mall, and Lake
George’s many waterside activities.
The apartments are arranged in six different floor options for one and two
bedroom layouts, each with central air conditioning, dishwashers, and
more.
Tricap’s Role
Tricap purchased Hampshire Park in 2014 with the business plan of adding
value to the asset through a combination of interior unit renovation,
expense management, and rent increment. Furthermore, Tricap stabilized
the core physical characteristics of the property by replacing all of the
roofs and exterior facade.
Key Metrics
»» 10%+ NOI growth in the first
year of ownership
»» Substantial rent growth
realized from cosmetic
and exterior renovation
program
At a Glance
186
Units
2014
Acquired/
Managed
Since
Tricap Residential Group | TricapRes.com Page 29
RELEVANT EXPERIENCE4
30. Tricap’s Role
»» Value Add
WORTHINGTON WOODS
COLUMBUS, OH
WorthingtonWoodsColumbus.com
About the Property
Worthington Woods property features spacious one and two bedroom
floor plans that showcase large living areas and huge walk-in closets to
provide ample room for your personal effects. Each kitchen comes fully
equipped with a dishwasher and washer/dryer connection that makes
doing chores a snap. Individually controlled heat and air conditioning
found in each unit will keep you comfortable in Columbus all year around.
The community’s outdoor swimming pool offers the chance to relax in style
after a hard day of work complete with a sundeck for lounging. Included
for each unit is free surface parking and available garage parking and best
of all, our friendly and professional property management staff is located
on-site to take care of all your needs 24/7.
Tricap’s Role
Tricap, on behalf of a private investment group, was retained as acquisition
advisor during the purchase of these properties in September of 2013.
The acquisition exemplified Tricap’s ability to execute complicated
transactions as it included a Freddie Mac loan assumption and a Freddie
Mac loan origination occurring simultaneously in conjunction with a
preferred equity investor and general partner syndication.
Key Metrics
»» Execution of complex
renovation program while
maintaining high levels of
property occupancy
»» 96 units renovated and
»» re-leased in the initial 6
month project period
At a Glance
96
Units
2014
Acquired/
Managed
Since
Tricap Residential Group | TricapRes.com Page 30
RELEVANT EXPERIENCE4
31. Tricap’s Role
»» Value Add
»» Stabilization
4740 GREENWOOD
CHICAGO, IL
About the Property
Nestled amongst the mansions and architectural treasures of the Kenwood
Historic District, 4740 S. Greenwood is Hyde Park’s newest neighborhood
apartment development. The building is the perfect balance of modern
amenities, sophisticated style, and the historic charm embodied by the
tree-lined streets of one of Chicago’s most prominent and exclusive
neighborhoods.
Enjoy the 53rd Street entertainment district with retail options including
Akira, Kilwin’s, CorePower Yoga, ULTA Beauty, and the Harper Court Movie
Theatre. After an afternoon of shopping, refuel with dinner and drinks at
Starbucks, Pork Chop, Giordano’s, Five Guys Burgers and Fries, Clark’s
Diner, or Leona’s. Other cultural options include the DuSable Museum and
the Museum of Science and Industry. Need some exercise? Check out LA
Fitness, or hit the beautiful shores of Lake Michigan for a relaxing jog or
bike ride.
Tricap’s Role
Tricap purchased and renovated this property over an 18-month span
beginning in 2012. The renovation included historic window replacement
and a complete gut rehab of the unit interiors. The property was
aggressively leased and stabilized over a 3-month period following the
renovation. A subsequent sale resulted in a 50%+ IRR for the investment.
Key Metrics
»» Gut renovation of the
property including historic
window replacement
»» Fully stabilized in only 3
months after completion of
the renovation
»» 50% IRR to our investors in
under 24 months
At a Glance
31
Units
2012
Acquired/
Managed
Since
Tricap Residential Group | TricapRes.com Page 31
RELEVANT EXPERIENCE4
32. CONTAC T US
TRICAP RESIDENTIAL GROUP
954 W. Washington Blvd.
Suite 700
Chicago, IL 60607
BRYAN PRITCHARD
o 312.988.9825
m 312.515.8384
e bryan@TricapRes.com
w TricapRes.com
PROUD MEMBER OF:
33.
34. Tricap Residential Group
954 W. Washington, Suite 700
Chicago, IL 60607
312 725 9440
Info@TricapRes.com
Property Management
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