slide1
Download
Skip this Video
Download Presentation
TAMPA-ST. PETE DEVELOPMENT CONFERENCE

Loading in 2 Seconds...

play fullscreen
1 / 15

TAMPA-ST. PETE DEVELOPMENT CONFERENCE - PowerPoint PPT Presentation


  • 61 Views
  • Uploaded on

TAMPA-ST. PETE DEVELOPMENT CONFERENCE. Nicholas Husak Engler Financial Group. Overview. EFG Introduction Investment Sales Update Sourcing JV Development Equity. 2012 TAMPA ST. PETE DEV CONFERENCE. Raising JV Development Equity. DEVELOPER. EQUITY PARTNER.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' TAMPA-ST. PETE DEVELOPMENT CONFERENCE' - mckenzie-harmon


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

TAMPA-ST. PETE

DEVELOPMENT CONFERENCE

Nicholas Husak

Engler Financial Group

slide2

Overview

EFG Introduction

Investment Sales Update

Sourcing JV Development Equity

2012 TAMPA ST. PETE DEV CONFERENCE

slide3

Raising JV Development Equity

DEVELOPER

EQUITY PARTNER

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

slide4

Investment Sales Activity

Tampa, FL

2012 TAMPA ST. PETE DEV CONFERENCE

Investment Sales Update

slide5

Seneca at Cypress Creek

Tampa, FL

2012 TAMPA ST. PETE DEV CONFERENCE

Investment Sales Update

slide6

Investment Sale

Seneca at Cypress Creek

Tampa, FL

DEAL SPECIFICS

Broker

Sale Date

Year Built

No. of Units

Average Sq. Ft.

In Place Effective Rent

Rent/Sq. Ft.

Price/Unit

Cap Rate (T3 Inc./T12 Exp.)

EFG

Sept 2012

2010

451

1059

$1,134

$1.07

$138,027

5.35%

2012 TAMPA ST PETE DEV CONFERENCE

Investment Sales Update

slide7

Investment Sale

Villas at Gateway

St. Petersburg, FL

2012 TAMPA ST. PETE DEV CONFERENCE

Investment Sales Update

slide8

Investment Sale

Villas at Gateway

St. Petersburg, FL

DEAL SPECIFICS

Broker

Sales Date

Year Built

No. of Units

Average Sq. Ft.

In Place Effective Rent

Rent/Sq. Ft.

Price/Unit

Cap Rate (T3 Inc./T12 Exp.)

EFG

Nov 2012

2004

300

994

$1078

$1.08

$120,000

5.25%

2012 TAMPA ST PETE DEV CONFERENCE

Investment Sales Update

slide9

Investment Sale

Estates at Countryside

Clearwater, FL

2012 TAMPA ST. PETE DEV CONFERENCE

Investment Sales Update

slide10

Investment Sale

Estates at Countryside

Clearwater, FL

DEAL SPECIFICS

Broker

Sales Date

Year Built

No. of Units

Average Sq. Ft.

In Place Effective Rent

Rent/Sq. Ft.

Price/Unit

Cap Rate (T3 Inc./T12 Exp.)

EFG

Nov 2012

1998

320

1000

$865

$0.86

$92,187

5.40%

2012 TAMPA ST PETE DEV CONFERENCE

Investment Sales Update

slide11

Pier House

Developed by Related Group of Florida

Tampa, FL

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

slide12

Bayway Apartments

Developed by MCRT

St. Petersburg, FL

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

slide13

Broadstone Hyde Park

Developed by Alliance Residential

Tampa, FL

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

slide14

JV DEVELOPMENT EQUITY

Market Terms

Southeast US Q 4 2012

Return on Cost

Debt

Equity

Coinvestment (Dev Equity)

Returns / Promotes

6.5 - 7.75%

55 - 70%

30 - 45%

5 - 20%

8 – 10% Pref

70 / 30 to a 15-17%

60 / 40 to a 17-20%

50 / 50 thereafter

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

slide15

JV DEVELOPMENT EQUITY

Market Terms

Southeast US Q 4 2012

Put / Call

Completion Guarantee

Post Completion Guarantees

Development Fees

GC Fees

Management Fees

Yes

Yes

Yes

3-5%

5-6%

3%

2012 TAMPA ST. PETE DEV CONFERENCE

JV Development Update

ad