PE Fund Investor Presentation ver 7-6-2015

3
Contents
Section 1 Equity Overview 3
Corporate Values 4
Equity & Its Affiliates 5
Reaching New Markets 6
Geographic Footprint 7
National Recognition 8
Healthcare Specialization 9
Retail Specialization 10
Section 2 Equity Team Bios 11
Organizational Chart 12
Executive Team 13
Construction Affiliate 14
Divisional Leadership 15
Section 3 Investment Case Studies 17

5
Our values:
•Absolute integrity
•Passion for excellence
•Inspiring personal growth
•Honor God
Values drive behavior. Behavior creates reputation. Success begins
with what you believe.
Values Centered Business Culture
Values must be
cultivated and
nurtured.

• Acquisitions/Dispositions
• Development
• Construction
• Finance & Feasibility
• Real Estate Investments
• Real Estate Brokerage
• Asset Management
• Property Management
• Consulting
The Growth of Equity and Its Affiliates
6
Equity’s array of services is
comprehensive, including affiliated
companies that were started to
improve real estate and investor
services. This service array provides
clients with single source real estate
solutions that create repeat business
and enduring relationships.
Equity Offers Comprehensive Real Estate Services
EVF is family of private equity funds
providing investors a vehicle to
strategically seek value-add
investment opportunities in
healthcare and retail real estate
assets, with decisions governed by an
Investment Committee.
ECS is an affiliated commercial
construction company providing a
wide range of construction services
to clients through the U.S., including
most real estate product types, such
as: office healthcare, retail,
industrial, interiors, renovation,
faith-based.

7
7
Reaching New Markets
Offices in 8 cities, doing business in over 40 states.1989 Equity is
founded in
Columbus, Ohio
1998
Cincinnati
Office Opens
2006 Equity
opens in
Tampa, FL
2009 Office
opens in San
Antonio, TX
2011 Office
opens in
Dayton, OH
2013 Office
opens in SW
Florida
(Naples)
2014 Office
opens in
Austin, TX

Operating with a national footprint, we are
adept at entering new markets… and gaining a
local perspective. In additional to facilitating a
national client services network, each office
focuses on being the preferred local provider of
comprehensive real estate services.
Operations &
Transaction Footprint
8
Columbus | Dayton | Cincinnati | Indianapolis | Tampa | Orlando | SW Florida | Austin | San Antonio

March 15, 2014 – Equity is the 15th largest
healthcare developer in the US by project square
footage – our 8th consecutive year in the top 25!
National Recognition
9
Equity’s growth has been greatly impacted by the
decision to focus on healthcare. The continuing
increase in healthcare costs, innovations in
technology, changes in funding and regulation, the
Affordable Care Act and a host of factors continue
to make investment in healthcare real estate and
infrastructure a highly profitable niche. Equity is a
highly competitive service provider in this industry.

For over 20 years creating healthcare projects for hospitals and physicians has
been a core business of the firm. More recently, seniors housing has been and
increasing focus of our company.
Healthcare Product
Specialization
10

Equity has a thriving, national retail business developing and
repositioning assets, from small strip centers to large mixed use
developments.
Retail Product
Specialization
11

Section 2: Equity Team Bios
12

13
Equity Organizational Chart
Support of investment activities
is accomplished with the
combined efforts of multiple
divisions – embracing the entire
real estate life cycle.

Jim Haring
Chief Financial Officer
• Leads finance, accounting, IT, HR, legal,
property and asset management
• Leads divisional operations, work flow and
resource allocations
• Manages financial feasibility, project teams,
and operational analysis
Steve Wathen
Chief Executive Officer/ Founder (1989)
• Architect of the firm’s capital strategy
• Managing member of many real estate SPE’s
• Initiated product specializations (i.e. healthcare,
retail, etc.)
Executive Team
14
Enterprise Leadership

Construction Affiliate
Leadership
15
Andy Johanni
Senior Vice President
Pre-Construction & Planning
• Depth of diverse construction experience
• Special expertise in design management
• Proven skills in project scoping, value
engineering and reliable budgeting &
forecasting
Andy Quinn
Construction – Operations Executive
• Over 18 years of industry experience
• Diverse product type experience
• Expertise in construction technology,
operations, and process improvement

Divisional Leadership
16
Frank Duran
Real Estate Services
• Consummate deal maker
• Highly relationship oriented getting the best
results from staff and agents
• Proven mentor and leader for new agents
• Responsible for brokerage operations in
Florida offices
Real Estate Services
Teresa M. Clark, RPA, CPM
Asset Management
• Proven credentials in asset management
providing oversight of all Equity properties
• Expert financial analyst with strong investor
reporting experience
• Leads property accounting operations Focused on
adding value to existing assets and evaluating &
integrating acquisitions

Divisional Leadership
17
Development
Melanie Wollenberg, CCIM
Business Development - Development
• Negotiates and structures many of Equity’s
numerous development deals
• Significant history of office and healthcare
development.
• A key leader in creating development pipeline
• Excellent track record maximizing entitlements
Phil Kirkpatrick
Senior Development Officer
Healthcare - Florida Market
• Significant background in healthcare development
• Prior specialization in the development of surgery
centers and state of the art imaging facilities
• Expertise in navigating complex pre-development
requirements in the Florida markets

Section 3: Investment Case Studies
18

19
Transaction Summary
Lennox Shopping Center
Square Ft 12,242
Initial Investment Date October 2005
Sale Date December 2012
Holding Period 7.00
Investor Ownership 100%
Date Contributions Distribution Net
2005 -
2006 - -
2007 (22,000) (22,000)
2008 - - -
2009 - 30,000 30,000
2010 - 25,000 25,000
2011 195,535 195,535
2012 (54,000) 943,356 889,356
(76,000) 1,193,890 1,117,890
Internal Rate of Return 109%
Investor Leveraged Cash Returns
Dollars PSF
Investor Capital 76,000 6.21
Mortgage Financing 2,617,382 213.80
Mezzanine Financing -
Total Project Cost 2,693,382 220.01
Project Capitalization

20
Sponsor or Anchor Tenant:
Transaction Summary
OhioHealth Westerville Medical Campus
Square Ft 164,309
Initial Investment Date January 2007
Sale Date January 2012
Holding Period in Years 5.04
2007 (339,458) (339,458)
2008 (369,087) (369,087)
2009 (4,755) 565,500 560,745
2010 (29,995) 865,640 835,645
2011 (71,696) 792,720 721,024
2012 3,895,027 3,895,027
(814,991) 6,118,887 5,303,896
Internal Rate of Return 84.8%
Dollars PSF
Mezzanine Financing 1,828,900 11.13

21
Transaction Summary
Our Lady of Bellefonte Primary Care
Square Ft 16,011
Initial Investment Date June 2010
Sale Date August 2013
Investor Ownership 50.0%
Date Contributions Distributions Net
06/01/10 (904,000) (904,000)
12/31/10 -
12/31/11 75,119 75,119
12/31/12 137,748 193,919
08/31/13 1,395,000 1,354,190
(904,000) 1,607,867 719,228
Dollars PSF

22
Transaction Summary
POB at Atrium Medical Center
Dollars PSF
Square Ft 103,175
Initial Investment Date June 2007
Sale Date December 2013
Holding Period 6.58
Investor Ownership 7.78%
2007 (183,296.74) (183,296.74)
2008 23,340.00 23,340.00
2009 38,900.00 38,900.00
2010 38,900.00 38,900.00
2011 23,340.00 23,340.00
2012 -
2013 185,399.76 185,399.76
(183,296.74) 309,879.76 126,583.02
Internal Rate of Return (XIRR) 11.77%

23
Transaction Summary
Vitamin Shop Retail
Square Ft 4,500
Initial Investment Date January 2010
Sale Date April 2013
2010 (305,000) (305,000)
2011 53,834 53,834
2012 20,000 20,000
2013 428,491 428,491
(305,000) 502,325 197,325
Dollars PSF
Mortgage Financing 918,652 204.14

24
Current Holding
Greene Crossings
Square Ft 85,342
Initial Investment Date March 2003
Sale Date Current Holding
Holding Period in Years NA
Date Contributions Distributions Net Cash on Cash
2003 (1,512,873) (1,512,873)
2004 -
2005 23,392 23,392 1.5%
2006 306,336 306,336 20.2%
2007 1,224,602 1,224,602 80.9%
2008 1,333,000 1,333,000 88.1%
2009 400,000 400,000 26.4%
2010 420,000 420,000 27.8%
2011 - - 0.0%
2012 616,202 616,202 40.7%
2013 125,000 125,000 8.3%
(1,512,873) 4,448,531 2,935,659
Dollars PSF
Investor Capital 1,512,873 17.73

OUR OFFICES
25
Orlando Office
189 S. Orange Avenue, Suite 1700
Orlando, FL 32801
Phone: (407) 422-6150
Southwest Florida
2590 Northbrooke Drive
Suite 208,
Naples, FL 34119
Phone: (239) 210-5900
Austin Office
7000 Bee Caves Road, Suite 300
Austin, TX 78746
Phone: (512) 827-3590
San Antonio Office
9150 Huebner Road
San Antonio, TX 78240
Phone: (210) 202-0870
Columbus Corporate Headquarters
4653 Trueman Boulevard
Suite 100
Hilliard, OH 43026
Phone: (614) 802-2900
Cincinnati Office
10151 Carver Road, Suite 100
Cincinnati, OH 45242
Phone: (513) 336-8765
Dayton Office
11 West Monument Avenue, Suite 506
Dayton, Ohio 45402
Phone: (937) 291-1179
Tampa Office
4107 West Spruce Street, Suite 101
Tampa, FL 33607
Phone: (813) 579-2000

Equity Velocity Fund I, LLC
4653 Trueman Blvd, Suite 100
Hilliard, OH 43026
www.equity.net
Contact: Steve Wathen
614-310-2120
A future of investment…

27
pg
Executive Summary 28
Investment Strategy 29
Deal Criteria 30
Healthcare Real Estate 31
Retail Assets 32
Investment Process 33
Fund Structure/ Organization 34
Leadership Qualifications 35
Investment Committee/ Qualifications 39
Proposed Fund Terms 42
Contents

28
Executive Summary
DISCLAIMER
This document is intended as an introduction
to (and to facilitate a discussion of) the
Private Placement Memorandum and
Operating Agreement for Equity Velocity Fund
I. Any investment decision regarding the Fund
should be based on a thorough review of
those referenced documents and
independent legal and investment counsel.
Equity Velocity Fund
Equity Velocity Fund I (EVF I) is a private equity fund organized
to invest in commercial real estate in the United States.
EVF I is sponsored by the principals of Equity Inc. a full service
real estate firm with a strong track record of successful
development and leasing services.
The Fund sponsor seeks to raise $25 million of equity capital to
invest in approximately $100 million of commercial property.
EVF I will focus on providing capital for the development and
acquisition of healthcare and retail assets, as well as creative
convergence of retail and healthcare in mixed use
developments.
28

Generate current cash flow and long-term capital appreciation by targeting the
acquisition and development of healthcare, retail, and mixed-use properties that
align with the following strategy:
• Pursue opportunistic and value-add projects through Equity Inc.’s (and other
sponsors’)pipeline of potential deals
• Harness the expertise and track record of Equity Inc. (and other sponsors) to target
Healthcare, Retail, and Mixed-Use Projects
• Focus on strong Secondary and Tertiary markets being overlooked by REITs
• Utilize first-lien 3rd party debt at 70% to 75% LTV to provide positive leverage and
enhance investor returns
• Maximize IRR returns through the re-development of underperforming assets,
aggressive asset management and opportunistic disposition
• Provide superior risk adjusted returns with a target IRR to Investor Members of 15%
or greater
• The fund will generally seek equity investments of $1MM to $8MM
Investment Strategy
29

30
Deal Criteria
30
Macro-Level Criteria
• Strong secondary and tertiary markets
o Population growth
o Economic development growth
o Regional destinations or hubs
o Stable employment drivers
• Medical and/or retail districts
• Bedroom communities accessible to major thoroughfares
• Expansion of infrastructure and government services
• Expansion of healthcare services
Micro-Level Criteria
• Superior property fundamentals relative to competition
• Opportunities that leverage the investment team’s value-add and development
expertise in retail, healthcare or mixed use
• Manage Downside Risks (with one or more of the following)
o Anchor tenant with strong credit
o Below replacement cost
o Sponsor with geographic expertise and proven track record
o Aggressive pre-leasing or tenant lease renewal/extensions
• Increasing levels of property cash flow to stabilization
• Flexible financing structure, aligned with investment and exit strategy
• Poised for property value appreciation

31
Healthcare Real Estate
Equity Velocity Fund I will seek to leverage the
vast healthcare real estate experience of its
leaders and investment committee. This
experience includes the development and
acquisition of assets that enhance strategic
market strength of healthcare institutions and
provide synergistic co-tenancy opportunities
for private practice primary care and specialist
providers. The fund will also actively pursue
deals sponsored by unrelated entities, sellers
and developers.
Institutional & Private
Practice Opportunities
The current environment of growing healthcare costs, regulatory change and evolution of
healthcare into a strategically operated retail business, are all a boon to healthcare real
estate investment. The future will see patient base expansion, creation of new strategic
alliances, greater wellness integration into programs and facilities - all of which facilitate
new building opportunities. Investors will see a variety of opportunities for their capital to
drive a new positive future for healthcare while continuing to provide highly competitive
product type returns.
Change = Opportunity
In Healthcare Real Estate
EVF I – Investment Focus:
31

Retail Assets Retail Project Generation & Leasing
The Equity Velocity Fund team has been developing
and investing in retail product for many years. Along
with seasoned local market retail agents, the Sponsor
brings over 70 retail tenant representation
relationships to its effort to create worthy investment
projects. The fund will also actively pursue deals
sponsored by unrelated entities, sellers and
developers.
EVF I will leverage team retail project experience in
its evaluation and sourcing of retail investment
opportunities.
EVF I – Investment Focus:
Healthcare delivery is being re-engineered using retail location and co-tenancy paradigms.
There is a huge investment opportunity for those that can create projects that foster enhanced
health and wellness outcomes by using real estate to bring diverse, healthcare, retail, fitness,
grocery and allied service providers together on the same highly synergistic campus. Creative
mixed use projects are emerging with healthcare, retail, seniors housing, retail and
hospitability components becoming parts of an new wellness community strategy.
Healthcare IS the New Retail
32

Preliminary
Evaluation
(Sponsor/Fund Manager)
Investment
Committee
Evaluation
• Pro forma/ Feasibility
• Physical & Market Due Diligence
• Legal (real estate related)
• Entity & deal formation
• Documentation
• Presentation
• Management Plan
Evaluation – Due Diligence Phase Investment Review Phase
Investment
Approval -
Closing
Discovery Phase Closing
Investment
& Real Estate
Operations
Operations
Project Level
Closing
• Accounting & Reporting
• Property Management
• Asset Management
• Brokerage Services
Deal
Opportunities
Evaluation – Due Diligence Phase Investment Review PhaseDiscovery Phase Closing Operations
The Investment Process
The Sponsor and Fund Manager will work collaboratively to review and analyze investment opportunities to be presented to the EVF I
Investment Committee. Members of the committee as well as third-parties may be a source for investment opportunities. The committee
has investment decision-making authority including disposition, assuring the investor the best convergence of benefit from Equity’s retail
and healthcare experience – and the investment wisdom of a highly experienced and diverse investment team.
EVF Acquisition
Team
33

Equity Velocity Fund I, LLC
Investment Committee has control of investment decisions
Manager
Equity Velocity
Management, LLC
Founding Member
Equity Velocity Funds, LLC
Investor
Members
InvestmentInvestment Investment
Fund Structure
• Simple
• Efficient
• Effective
• Scalable
34
Manager
Property Level
Sponsor
Manager
Property Level
Sponsor
Manager
Property Level
Sponsor

Steve Wathen
Principal/ Founder of Equity Velocity Fund I
Leadership Qualifications
35
Overview of Role & Responsibilities
• Provides leadership to all aspects of the Fund
• Founder & CEO of Equity Inc – a service provider to
Equity Velocity Fund I
• Architect of the fund’s initial investment strategy
• Managing member of many real estate SPE’s
• Key role in raising capital for the fund
Professional Qualifications
Mr. Wathen began his career in real estate in student housing
while a student at Ohio State. Some 30 years later, he leads a
nationally ranked healthcare real estate practice and a real estate
services organization with offices in six markets in Ohio and
Florida. The company he founded has now done business in over
40 states and is continuing to grow.
Mr. Wathen provides direct leadership to brokerage and
development services, as well as sets overall strategy and business
objectives for the entire Equity organization. Steve’s skill and
success in sales has been an important contribution to the
company culture – centered around meeting or exceeding client
expectations. As founder of Equity, Mr. Wathen has set an
aggressive vision for growth, with an equal emphasis on core
values and sustaining a healthy, progressive and open business
culture. This emphasis on values and results has driven much
repeat business with many of the firm’s clients.
In particular, Steve is highly adept at conceptualizing deals and
then negotiating with all parties to bring that vision to reality. His
consummate skills as a salesman and negotiator have helped to
build the firm and position him as a leader in the industry and of
many real estate partnerships.

3636
Hope Sherman
Managing Partner
Equity Velocity Management, LLC
• Key role in raising capital and identifying investment
opportunities for the Fund
• Played significant role in development of investment
strategies and selection of advisors
• Provides critical thought leadership in concept and
execution
Hope Sherman has over 25 years of experience on both the
operational and transactional side of real estate, across virtually
all product types, geographic locations and market conditions.
Over the course of her career Ms. Sherman has provided
acquisition and disposition, asset management, development, re-
structuring, work-outs, and recapitalization services to both
institutional and private investors. In addition to her role at
Equity Velocity Management, Ms. Sherman is also currently SVP
Investor Services & Capital Markets at Equity Inc. Through this
role Ms. Sherman is able to fuel a strong pipeline of institutional
quality deals.
Before joining Equity, and after re-locating to Columbus, Ohio, Ms.
Sherman spent several years in brokerage, focused on investment
sales. Prior to that, for more than 10 years, she was a principal in
The Whitehill Group, Inc., a real estate work-out firm in New York
City that provided asset management, acquisition and disposition
services to institutional investors and private investment groups
with significant, troubled holdings. Preceding Whitehill, Ms.
Sherman played a key role at M.J. Raynes, Inc. for many years, in
effectuating the successful re-development and conversion of
some of the largest portfolios of rent regulated apartments in
New York City history.

3737
Patrick Wathen
Managing Partner
• Pivotal role in formation of Equity’s investment fund
• Manages opportunity processing and operations
• Supports investment analysis, acquisitions and fund
operations
• Oversees implementation of a strategic plan for each
Investment
Mr. Wathen’s experience is primarily in the retail and healthcare
sectors of real estate. For the past 4 years he has been the leader
of a market analysis and tenant representation team with a
specific focus on serving the needs of private equity portfolio
companies.
Mr. Wathen has completed over 120 transactions in the past two
years and has worked in more than 20 states. Through his efforts
his team has been involved in nearly 10% of all new urgent care
centers that have opened nationally in the past three years. It is
this leadership and management of multifaceted processes that
provides Mr. Wathen with the experience critical to his role with
Equity Velocity Management.
• High volume transaction experience
• Developed unique strategic market analysis system
• Expertise in financial analysis
• Significant acquisition and disposition experience
• Expertise in the repositioning and marketing of real estate

3838
Lee Jackson
Managing Partner
Lee Jackson, CCIM provides strategy, business development, and
marketing to source healthcare facility acquisitions and new
developments with hospitals and physicians. Lee has 16 years of
commercial real estate experience with 11 years focused on
medical office acquisitions and development with hospitals. Lee
is a Certified Commercial Investment Member (CCIM) designee
and holds a Texas Real Estate Broker’s license.
As a top-producer in acquisition and pre-leasing roles with a
national medical office developer, Lee understands how to
structure and market real estate transactions that bring hospitals
and physicians together. When considering the myriad of
developers that lure physicians away from hospitals, hospitals
appreciate Lee’s skill sets that unite physicians with hospitals
around viable real estate solutions.
In particular, Lee is adept at analyzing and structuring real estate
transactions. A seasoned user of Argus software, he provides
expert advice and analysis of future asset performance and
value. His role with the fund is to source opportunities as well as
support financing and investment underwriting efforts.
• Provide special expertise and support of deal
structuring and underwriting
• Create financial models of prospective investments for
consideration by the team
• Support deal velocity by creating a network of qualified
lenders able to debt for desirable transactions

Kyle A. Bohannon
Executive Vice President,
Strategy &Development
FastMed
Jonathan S. Wood
Vice President, Capital Markets
Edwards Companies
Kenneth G. Lewis
Manager
Corey Hill Partners, LLC
Steven P. Wathen
CEO of Equity Inc
Founder & Principal
Equity Velocity Funds
Proven third-party investment
advisors and directors with experience
encompassing billions of dollars of
commercial properties.
Investment Committee
39
Abbreviated Bio’s follow…
Greg Sutton
Safe Auto Insurance

Kenneth G. Lewis
Manager
Corey Hill Partners, LLC
Investment Committee Qualifications
40
Mr. Lewis has over 25 years of experience in real estate
development, investment, and asset management. His diverse
experience includes working with both institutional and
entrepreneurial firms, and on multiple property types in several
East Coast and Midwest markets. He is based in the Boston area.
Mr. Lewis is presently the Manager of Corey Hill Partners, LLC, a
Massachusetts limited liability company that specializes in the
development and acquisition of commercial property, with a
focus on net leased retail and office property.
As the Chief Financial Officer of Safe Auto Insurance Company,
Greg maintains direct oversight and responsibility for: Financial
Reporting, Loss Reserving, Facilities, and Investments. Before
joining Safe Auto in 2001, Greg was an Assistant Vice President
and Controller at Grange Mutual Casualty. Prior to becoming an
Assistant Vice President, Greg was a Corporate Project Manager
at Grange where he managed all finance and treasury related
projects.
Greg began his insurance career at Anthem Casualty Insurance
Group where he started as an Internal Auditor, then progressing
to become the Manager of Internal Audit where he managed the
entire P&C organization’s internal audit efforts. Greg moved on
to become a Manager of Finance & Internal Audit where he
represented the organization from a financial perspective in all
M&A oriented efforts.
Greg Sutton, CPA
Safe Auto Insurance Company

Kyle A. Bohannon
Executive Vice President, Strategy &Development
FastMed
Jonathan S. Wood
Vice President, Capital Markets
Edwards Companies
Investment Committee Qualifications
41
At FastMed, Kyle Bohannon leads all strategic development
initiatives, in addition to orchestrating all of FastMed’s corporate
mergers and acquisitions activities. With significant experience in
private equity, investment banking and real estate investing, Kyle
previously spent multiple years in the private equity industry with
HarbourVest Partners, LLC in both the United States and Europe. Kyle
held responsibility for identifying, closing and managing leveraged
buyout and growth equity investments across multiple industries.
Mr. Wood is Vice President of the Edwards Companies and is
primarily responsible for capitalizing the real estate activities of the
enterprise, including debt, equity, strategic joint ventures and
dispositions. His current activities include site selection, assemblage,
and acquisition, while collaborating with the Development,
Construction, Accounting and Property Management divisions of the
company to create and bring to completion the company’s real
estate projects. With a specialization in student housing since 1998,
Mr. Wood has over 20 years of experience in the real estate capital
marketplace. Over this time period, Mr. Wood has completed in
excess of $3.5 billion in multi-family and commercial real estate
transactions.

Proposed Fund Terms
42
Investment Type: Commercial Real Estate
Investment Focus: Value added opportunities through new development or acquisition and redevelopment
of underperforming assets
Target Size: $25M equity/$100M property
Holding Period: 3-5 years
Targeted Return: 15% or greater Investor Level IRR
Preferred Return: 8%
Distributions: 80% of Net Cash Flow to Investor Members after repayment of capital
accounts
Management Fee: 2% of committed capital
Investment Committee Approval: Majority approval required for each property
Legal Structure: Limited Liability Company
Legal Counsel: Dickinson Wright PLLC
Accounting: Plante & Moran, PLLC

PE Fund Investor Presentation ver 7-6-2015

Recommended

Recommended

More Related Content

What's hot

What's hot (10)

Viewers also liked

Viewers also liked (18)

Similar to PE Fund Investor Presentation ver 7-6-2015

Similar to PE Fund Investor Presentation ver 7-6-2015 (20)

PE Fund Investor Presentation ver 7-6-2015