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Date	12/04/2014
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
Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
12-4-2014 - Passed - Call with Mike Vu. He was not excited about the ratio of the presale at $10M versus the cost to develop the property at $35M. He thinks there is a lot of leasing risk as to the remainder of the medical office and retail. In general, they are not very bullish on development except for industrial and self storage. Their equity check range is $8M - $35M and they target mid to high teens levered IRRs with a 5 year target hold period.

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
12/04/2014	12-3-14 - Left voicemail for Mike Vu (LB ,DA, DF) -- duke
12/04/2014	Passed - Call with Mike Vu. He was not excited about the ratio of the presale at $10M versus the cost to develop the property at $35M. He thinks there is a lot of leasing risk as to the remainder of the medical office and retail. In general, they are not very bullish on development except for industrial and self storage. Their equity check range is $8M - $35M and they target mid to high teens levered IRRs with a 5 year target hold period. -- duke

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