TCP Realty Services, LLC

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Description

Company Overview The principals of TCP Realty have utilized a number of affiliated companies such as TCP Holdings, LLC and TCP Realty Services, LLC, ( “TCP ” private commercial real estate investment and service companies) to specialize in value-added opportunities. TCP was formed in 1985 and its Managing Directors are Robert Neely, David Thomas and Rubin Kremling. Since its formation, TCP has been actively acquiring, managing, repositioning, and selling real estate assets. TCP Realty Services, LLC is a TCP affiliated company providing property, leasing, construction and asset management, as well as acquisition, disposition and brokerage services. Robert Neely in his role as Chairman and Chief Executive Officer oversees the development and implementation of the Company ’s strategy. David Thomas in his role as Chief Investment Officer leads the acquisition and asset management teams. Rubin Kremling is Senior Vice President of TCP Realty Services, LLC and leads the property management, construction and leasing team. Investment Expertise TCP specializes in the investment, acquisition, and value enhancement of underutilized office, retail, and industrial real estate. Chief Investment Officer David Thomas has guided TCP in the involvement in 63 projects totaling approximately 6.1 million square feet costing $230 million in the aggregate to date. Management Experience TCP ’s professionals has provided management services for 119 properties representing over 11 million square feet of office, retail, apartment, industrial and multi-use space. TCP Realty Services, LLC provides management and leasing services for all of the Company ’s properties. By implementing an aggressive pursuit program to attract and retain tenants, TCP has excelled in the management and leasing business. The properties managed by TCP Realty Services, both for its own account and for third parties, have experienced dramatic economic improvements under TCP ’s stewardship. These improvements have taken the form of occupancy increases, operating expense savings and renovation. Investment Perspective Alignment of Interests - The Company strives to structure investments so that the incentives of all parties are aligned with the common objectives of investors. The Company typically co-invests in its transactions in order to share investment risk with its investors. Value-Driven – TCP approaches each investment based on a value-oriented underwriting of a particular real estate asset. In the underwriting process, the Company focuses on non-speculative valuation parameters including current market conditions, in-place cash flow, and prevailing comparable trading activity. Negotiated Transactions – TCP Realty generally focuses on privately negotiated transactions where the complex structuring experience of the principals may be brought to bear. Planned Exit Strategies - Investments pursued generally contemplate a planned exit strategy within anywhere from two to seven year time frame. Such exit strategies are based on prudent valuation methodologies without speculating on asset appreciation or market driven income growth.

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