Private equity investing in 2016: Panacea or 'Hail Mary' Richard Silva
Private equity has become the panacea of choice for institutional investors to offset low public equity and fixed income returns, because of recent relative outperformance, illiquidity and long timeframes. It’s become another way for institutional investors to kick the can down the road. As a result, pension funds and endowments are relying more heavily on private equity allocations than ever before to make up for lost ground in other asset classes.
Structuring and Financing a Partner BuyoutGreg Tobben
Buying Out a Business Partner or Shareholder: Structuring and Financing the Deal
When an entrepreneur starts a new business, planning for a buyout of a business partner years in the future is rarely a top priority- but maybe it should be.
As businesses grow and evolve, so too do ownership or shareholder groups. The same partners or investors who took a company from startup to $20 million in revenues aren’t necessarily the right people to grow the company from $20 to $50 million, or $50 to $150 million, and so on.
Layer in retirements, partnership disputes and absentee or non-strategic owners receiving generous compensation, and making changes in ownership becomes increasingly more important (and costly) as the business grows.
On the next few pages, we’ll discuss:
1. When a Partner Buyout is a Solution
2. Valuing the Business
3. Structuring a Partner Buyout
4. Financing a Partner Buyout
5. Questions a Business Owner Should Ask When Raising Capital
6. Using an Investment Banker to Raise Capital for the Buyout
About Access Capital Partners:
Access Capital Partners is a middle market investment bank that provides strategic advisory services, raises capital for companies (growth, refinancing, restructuring, acquisitions, partner buyouts, management buyouts, leveraged buyouts), and helps business owners sell or recapitalization their companies.
We are shareholder centric and have deep experience in the middle market. With over 100 transactions representing over $8 billion in volume, business owners leverage our experience as they navigate through inflection points and ultimately achieve personal liquidity.
Strategic Holdings
Commercial Real Estate Secured Fund paying an 8.5% targeted preferred return. Speak with an investor relations adviser for details and more information 805-764-5128
This is not an Offer to Purchase or Sell Securities. This overview is for informational purposes and is not an offer to sell or a solicitation of an offer to buy any securities in the Private Placement Memorandum (PPM) of Strategic Diversified Real Estate Holdings, LLC., and may not be relied upon in connection with the purchase or sale of any security. Interests in the PPM, if offered, will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Act of 1933, as amended) and who are interested in investing in the PPM on their own behalf. Any offering or solicitation will be made only to qualified prospective investors pursuant to a confidential offering memorandum, and the subscription documents, all of which should be read in their entirety. Please discuss this, and all financial matters, with your CPA or investment adviser.
Sullivan Communities Investment Criteria & HistoryMichael Brown
Sullivan Communities (Sullivan) is a vertically integrated real estate investment, management and community development firm. Sullivan specializes in the acquisition and repositioning of 50 - 200 unit under-performing B and C class multifamily / mixed-use buildings and complexes.
Target 14-16% repositioning cap rates and 30% IRR’s
Focus on niche and difficult-to-source properties
Experienced acquisition, repositioning, management and sale of multifamily and mixed-use assets
Niche acquisition strategy focused on submarkets where new construction is limited
Recession resistant properties
20-30% returns on capital improvements
Tax efficient: opportunity zones
Minority owned firm
Start-Up Funding Road Map by Indinero
Go to www.esgjrconsultinginc.com to learn more about Software/Network Engineering Projects generating a POSITIVE Return On Investment.
Private equity investing in 2016: Panacea or 'Hail Mary' Richard Silva
Private equity has become the panacea of choice for institutional investors to offset low public equity and fixed income returns, because of recent relative outperformance, illiquidity and long timeframes. It’s become another way for institutional investors to kick the can down the road. As a result, pension funds and endowments are relying more heavily on private equity allocations than ever before to make up for lost ground in other asset classes.
Structuring and Financing a Partner BuyoutGreg Tobben
Buying Out a Business Partner or Shareholder: Structuring and Financing the Deal
When an entrepreneur starts a new business, planning for a buyout of a business partner years in the future is rarely a top priority- but maybe it should be.
As businesses grow and evolve, so too do ownership or shareholder groups. The same partners or investors who took a company from startup to $20 million in revenues aren’t necessarily the right people to grow the company from $20 to $50 million, or $50 to $150 million, and so on.
Layer in retirements, partnership disputes and absentee or non-strategic owners receiving generous compensation, and making changes in ownership becomes increasingly more important (and costly) as the business grows.
On the next few pages, we’ll discuss:
1. When a Partner Buyout is a Solution
2. Valuing the Business
3. Structuring a Partner Buyout
4. Financing a Partner Buyout
5. Questions a Business Owner Should Ask When Raising Capital
6. Using an Investment Banker to Raise Capital for the Buyout
About Access Capital Partners:
Access Capital Partners is a middle market investment bank that provides strategic advisory services, raises capital for companies (growth, refinancing, restructuring, acquisitions, partner buyouts, management buyouts, leveraged buyouts), and helps business owners sell or recapitalization their companies.
We are shareholder centric and have deep experience in the middle market. With over 100 transactions representing over $8 billion in volume, business owners leverage our experience as they navigate through inflection points and ultimately achieve personal liquidity.
Strategic Holdings
Commercial Real Estate Secured Fund paying an 8.5% targeted preferred return. Speak with an investor relations adviser for details and more information 805-764-5128
This is not an Offer to Purchase or Sell Securities. This overview is for informational purposes and is not an offer to sell or a solicitation of an offer to buy any securities in the Private Placement Memorandum (PPM) of Strategic Diversified Real Estate Holdings, LLC., and may not be relied upon in connection with the purchase or sale of any security. Interests in the PPM, if offered, will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Act of 1933, as amended) and who are interested in investing in the PPM on their own behalf. Any offering or solicitation will be made only to qualified prospective investors pursuant to a confidential offering memorandum, and the subscription documents, all of which should be read in their entirety. Please discuss this, and all financial matters, with your CPA or investment adviser.
Sullivan Communities Investment Criteria & HistoryMichael Brown
Sullivan Communities (Sullivan) is a vertically integrated real estate investment, management and community development firm. Sullivan specializes in the acquisition and repositioning of 50 - 200 unit under-performing B and C class multifamily / mixed-use buildings and complexes.
Target 14-16% repositioning cap rates and 30% IRR’s
Focus on niche and difficult-to-source properties
Experienced acquisition, repositioning, management and sale of multifamily and mixed-use assets
Niche acquisition strategy focused on submarkets where new construction is limited
Recession resistant properties
20-30% returns on capital improvements
Tax efficient: opportunity zones
Minority owned firm
Start-Up Funding Road Map by Indinero
Go to www.esgjrconsultinginc.com to learn more about Software/Network Engineering Projects generating a POSITIVE Return On Investment.
Medalist Diversified REIT (NASDAQ: MDRR) was founded in 2003 as a private equity company specializing in acquiring, owning, and managing commercial real estate in the Southeast. The Company’s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent, and replicable process for sourcing and conducting due diligence of acquisitions. The Company seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the Southeast for acquisition opportunities and disposal of properties as considered appropriate.
Government Industry Partners - GovCon Wealth - PLAN: Wealth & Tax Strategies ...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
American Ranchlands Capital LLC Investor DeckWes McCrimmon
Introducing American Ranchlands Capital LLC,
a Preservation Capital Partners offering.
American Ranchlands Capital is a specialized, private placement, credit fund. The opportunity is proprietary, low LTV, fully collateralized loans to Agricultural (farms/ranches) and Small Balance Commercial Real Estate borrowers.
-Targeted Minimum Annual Distribution of 8%
-Portfolio LTV not to Exceed 55%
-2 Year Minimum Commitment
American Ranchlands Capital LLC Investor DeckWes McCrimmon
Introducing American Ranchlands Capital LLC,
a Preservation Capital Partners offering.
American Ranchlands Capital is a specialized, private placement, credit fund. The opportunity is proprietary, low LTV, fully collateralized loans to Agricultural (farms/ranches) and Small Balance Commercial Real Estate borrowers.
-Targeted Minimum Annual Distribution of 8%
-Portfolio LTV not to Exceed 55%
-2 Year Minimum Commitment
07.19.2018 Understanding the Sell Side M&A Process for a Private CompanyExpert Webcast
Major Topics:
M&A market overview
Corporate and shareholder readiness
Assembling the deal team
Legal issues
Investment banking process
Types of buyers
Deal structures
Due diligence
Capitalizing on “hidden” assets – life insurance
Tax and other incentives available
M&A insurance
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. This presentation is for informational purposes only, is subject to change, does not constitute investment advice or a
recommendation, is not an advertisement, and is not intended for public use or distribution. This presentation does not
constitute an offer to sell nor the solicitation of an offer to buy interests (the interests) in Astrum Fund I or Astrum
Investment Management. Such offer or solicitation may only be made by means of delivery of a confidential private
offering memorandum or other appropriate disclosure which contains a description of the material terms (including,
without limitation, risk factors, conflicts of interest, fees and charges, and tax implications) relating to such investment
and only in those jurisdictions where permitted by applicable law. An investment in Astrum Fund I is speculative and
involves a high degree of risk. An investment in the Astrum Fund I should be considered only by persons who can afford
to sustain a loss of their entire investment or to hold their interests indefinitely without the possibility for resale. There is
no secondary market for the Interests and none is expected to develop. The fees and expenses charged in connection
with this investment may be higher than the fees and expenses of other investment alternatives and may reduce profits,
if any. Performance levels will be reduced by management fees and carried interest. Past performance of Astrum
Investment Management or any of the separately managed accounts is not a guarantee nor is it indicative of future
returns. Astrum Investment Management, Astrum Fund I, nor any of its Principals warrant the accuracy, adequacy or
completeness of the information and data contained herein and expressly disclaims liability for errors or omissions in
this information and data. No warranty of any kind, implied, expressed or statutory, is given in conjunction with the
information and data. Astrum Investment Management, Astrum Fund I, Sanli, Pastore and Hill and its Principals
expressly disclaims liability for any loss or damage arising out of the use or misuse of or reliance on the information
provided herein, including, without limitation, any loss of profit or any other damage, direct or consequential. Sanli,
Pastor and Hill is not associated with nor an investor or Principal in Astrum Investment Management or Astrum Fund I
and disclaims any liability thereto.
Strictly Confidential 2
3. • Produce moderate, absolute rates of return with current cash flow while
both minimizing the risk of capital loss and maintaining consistent, non-
correlation to the broad market indices
• Investing in commercial Sale, Lease-Back, Buy-Back (SLB3SM)
opportunities from U.S. middle market companies impacted by limited credit
markets
• Proprietary deal flow generated through affiliation with Sanli, Pastore, & Hill,
Inc. (SP&H) with 20 years experience in valuing corporate entities
• Unique investment model – Sale, Lease-Back, Buy-Back (SLB3SM)
• Focus on operationally essential real estate
• Buy-Back is the key factor for purchasing at opportunistic prices
• Designed to deliver high current income and long-term capital appreciation with reduced risk
• Existing pipeline of transactions exceeds $300MM
Strictly Confidential 3
4. • P/E funds and larger banks are providing capital at
very low margins, but only to large companies
(revenues > $500MM)
• Middle market companies (revenues $25MM -
$200MM) are of no interest to P/E funds and larger
banks due to special expertise required to
underwrite Middle market loan issuance fell below
$10 billion and has remained low
• P/E funds and smaller banks demand high cost of
capital to serve this market segment
◦ 18% to 24% rates of return plus warrants from P/E funds and
over 15% from banks with very stringent covenants
• Market segment has already shaken out; strong
companies remain standing after 3 years of
recession
Nearly $200B in middle market loans
matured over the last three years
Lack of available capital is forcing companies to monetize assets to create liquidity
Strictly Confidential 4
5. • Basic real estate fundamentals
are showing signs of
improvement
• Positive net absorption;
decreasing vacancy rates
• Limited new supply
• Rents bottoming with possible
increases coming
• Rent upside is projected to
exceed inflation
• Net Operating Income (NOI)
gains likely in 2012
• Prices for existing buildings are
historically low
• Less risk and more potential for
increasing value
Strictly Confidential 5
6. • Astrum Investment Management was founded in 2009
• Affiliation with Sanli, Pastore, & Hill, Inc., a premier valuation and financial
consulting firm in the Western U.S.
• Key principals, management and advisory board have over 250 years of
combined experience in real estate and middle market corporate
underwriting
◦ $30B in corporate valuations, investment and underwritings
◦ $10B in real estate financings, developments and investments
• Significant network of clients and referral sources among middle market
companies to access client owned real property
• Unique experience and skill set to underwrite both companies and real
estate properties for SLB3 transactions
• Principals involved in all aspects of investment process: sourcing,
underwriting, due diligence and asset management
• Commitment to transparency, reporting and risk management
Strictly Confidential 6
7. Nevin Sanli | Founder and Managing Director
• President and Founder, Sanli Pastore & Hill, Inc.
• 25 years of experience in financial consultancy, valuation, investment, and accounting analysis with total transaction and
valuation opinions exceeding $30B
• Experienced in real estate acquisition support, diligence analysis and research
• Member of Board of Directors of Atlantic Legal Foundation; Chairman of Dubnoff Center for Child Development; and,
actively involved in associations such as Barrington Group, Vistage International, California Redevelopment Association
• BA with Honors in Economics, University of California Irvine, Accredited Senior Appraiser in Business Valuation Discipline
• Fluent in English, French, Turkish, and conversational in Spanish
John Hartman| Managing Director
Twenty years of commercial real estate development, leasing, due diligence, acquisition and dispositions covering all
commercial asset classes
Fifteen plus years of capital markets, institutional and private fund raising expertise with a particular focus on raising
discretionary institutional capital for private equity real estate funds.
Ten years of C-level management experience with proven skills and accomplishments in increased operational efficiencies,
leadership/team building, business development, sales management, strategy and investment
Deep contacts in capital raising with experience managing investor relations, capital allocation, equity/debt placement,
compliance, corporate governance and environmental credit and tax credit syndication.
A highly accomplished Senior Executive with a successful track record in finance and capital markets (debt and equity)
including authoring memorandums and Reg D, offerings, cash flow/forecasting, and analysis, HR systems, tax and creative
deal structuring.
MBA from California Coast University, Santa Ana, California
Strictly Confidential
7
9. Lawrence Hurwitz | Vice President of Finance and Shareholder
• 20 years of working with Mr. Sanli
• CEO of Lawrence Financial Group
• Over 40 years of experience in financing for real estate and mergers and acquisitions in a wide range of industries with
a total transaction volume of over $7B
• Established California Capital Summit
• Founder and group leader of Provisors Capital Markets Affinity Group
• MBA with Distinction, Harvard Business School
David Kauffman | Vice President
• 20 years of investment management and investor relations experience for high net worth families, foundations and
family run companies.
• Extensive knowledge of banking, SEC reporting, disclosures, financial markets, and financial instruments.
• Co-founder of “One-Less-Putt”, a golf training device company. Accountable for all strategic development from
incubation to current phase
• FINRA Dispute Resolution Arbitrator - Member of 3 person panels as a securities industry expert to assist in the
resolution of monetary and business disputes between investors, securities firms and individual registered
representatives
• Numerous awards from private REIT’s and private funds for sales and marketing
Strictly Confidential 9
10. Mark Griffin | Vice President
• 15 Years of market development and management experience
• Developed deep relationships advising very high net worth individuals and family offices
• 8 years experience with complex project management
• 6 years portfolio and program management experience
• Background in high level consultative and executive level selling, gained through experience and extensive training
Strictly Confidential 10
11. • Execute Sale, Lease-Back, Buy-Backs (SLB3SM) by purchasing, managing, improving
and reselling core and value-add commercial properties to generate consistent,
absolute returns with high current cash flow
• Target companies ($20MM - $200MM) that are of no interest to P/E funds and larger
banks due to required special underwriting expertise
• Filter 300 target companies from existing corporate relationships, analyze 60
opportunities and invest in 10 real estate transactions
• Purchase properties directly from corporate sellers in Sale, Lease-Back, Buy-Back
(SLB3SM) transactions that will create high current income and long-term capital
appreciation
• Structure long-term (20 year) leasebacks with personal/corporate repurchase
guarantees at a predetermined “buyback” price at end of five year hold period
• Use moderate leverage
• Target investments projected to return over 20% gross per annum
SLB3SM enables companies to generate medium term liquidity without corporate leverage
Strictly Confidential 11
12. I. Acquisitions
Astrum purchases buildings direct from the Company via relationships
developed over the last 20 years via Sanli, Pastore & Hill, Inc. Deal flow is
proprietary and off market. Extensive due diligence is conducted on the
Company and on the property.
II. Income
The property is leased back to the Company for 20 years with reasonable
rental increases over the first 5 years.
III. Capital Gains
The Company has the right to purchase the property back at the end of year 5
at a predetermined purchase price.
Strictly Confidential 12
13. Target Companies Property Type
• Companies with revenues of $25MM to $200MM • Light Industrial
• Profitable, stable or growth oriented • Warehouse
• SLB3 must fuel growth, cost savings or both • Research & Development
• Special Situation Office
Transaction Size Property Characteristics
• By Equity Investment: $4 million to $6 million
• Income producing investment properties
• By Total Capitalization: $16 million to $25 million
• Operationally essential, owner occupied real estate
• 50,000 SF to 150,000 SF (typically)
• Single tenant NNN lease
Strictly Confidential 13
14. •
Geographic Location Exclusions
• Los Angeles (or within 1 hour flight) • No sites with heavy manufacturing or hazardous
• Orange County materials
• San Diego • No investments in major renovations or rehab
• Silicon Valley situations, raw land or distressed properties with
• Sacramento high vacancies and/or cash flow problems
Exit Strategy Return Characteristics & Targets
• Tenant/user as the right to repurchase the
• Going-in cap rate of 10%
property(s) at a predetermined price
• Long-term fixed asset level financing at 60%
• If tenant/user does not execute their repurchase
• Income Return: 5% unlevered / 12% levered
option, rents increase, the property(s) is sold to 3rd
• Total Return: 20% Gross IRR / 2.5x Gross EM
party investors
Strictly Confidential 14
15. • Astrum Investment Management recognizes the importance of
transparency and accurate reporting to its investors as such the
fund uses
• Deutsche Bank as its third party administrator in the U.S. and
• Vistra in the Netherlands for foreign investors
• Diversification by property type, industry type and geography
• Quarterly property inspections (or more often as required)
• Quarterly financial statements and balance sheets by tenants
• Transparency to risk exposures, leverage, liquidity of underlying
investments, and investment processes
• Disaster recovery systems and procedures
• Varying levels of disclosure available to large or strategic investors
at manager’s discretion
Strictly Confidential 15
16. Objective Execute Sale Lease-Back Buy-Back (SLB3SM)
transactions on office, warehouse, light industrial and
R&D properties, purchased directly from corporate
sellers
Suitability Requirements Accredited Investor
Fund Size $50,000,000
First Closing $5,000,000
Term 5 Years
Manager Fees Management fee of 1.5% per annum on capital
committed
- Incentive fee allocation equal to 35% with claw back
provision
Organization & Offering Costs Reimbursement of actual costs incurred -not to exceed
3% of total capital raised
Leverage The Fund will use moderate leverage, to the extent it is
possible to obtain, up to a maximum of 60% at the
property level as a means to increase investor returns
Target Return 20% Gross IRR
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17. • Broad based relationships with middle market corporate sellers
• Proprietary deal flow which provides pool of investment opportunities which
are all off- market
• Ability to evaluate the component transaction parts of a Sale Lease-Back
Buy-Back (property fundamentals & corporate credit)
• Seasoned team with experience through multiple market cycles
• Proprietary valuation and underwriting model developed over a 20 year
period
• Leverages significant long-term development of infrastructure, technology
and relationships
• No legacy Issues
Strictly Confidential 17
18. 1990 S. Bundy Drive, Suite 800
Los Angeles, CA 90025
(310) 571-3400
www.astruminvest.com
Mr. Nevin Sanli Mr. John Hartman
nsanli@astruminvest.com jhartman@astruminvest.com
Strictly Confidential 18