---

---

---

Date	10/07/2014
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories	Term Sheets Received Executed Confidentiality Agreement Received Detailed Discussions Initial Discussions Groups that have Passed Uncategorized
Investment Criteria
$50M of Equity is their limit with any one partner, and they are targeting senior housing, apartments, office, and retail. They also recently have done a few student housing and low income housing deals.
Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
3-Apr-14 - Passed on LA as it was not a fit and are now looking at Charlotte (Charlotte ended up blowing up due to PRP underwriting error)

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
10/07/2014	28-Mar-14 - Good conversation with Dave Cronin on LA and Charlotte. West Palm Beach is not a location they would consider. Regarding the LA asset, due to the sizing of the equity ($30M), They would not be able to do both LA and Charlotte as it would be too large for them. He did say they have looked at a lot of apartment development in Charlotte, but have not made any investments in the area. He would look at the multifamily portfolio. -- duke
10/07/2014	3-Apr-14 - Passed on LA as it was not a fit and are now looking at Charlotte (Charlotte ended up blowing up due to PRP underwriting error) -- duke
10/07/2014	6-Mar-14 - Initially Passed - $70 Million of equity would be too large for them. Their limit is around $50 Million with any one operating partner. He mentioned that if there was an opportunity to look at individual assets such as San Vicente or The Forum, he would be interested in taking a look. He likes LA more than West Palm, but recently purchased a few office assets in Florida. They are targeting senior housing, apartments, office, and retail. They also recently have done a few student housing and low income housing deals. -- duke

---