47465 aegon brochure 1113

Community Investments

The Aegon Community Investments group has been investing in tax credits since1987. Our staff members have in-depth knowledge of affordable housing development and finance, and can provide insight and expertise on the structure of any tax credit development.

We have invested over $3 billion in more than 280affordable housing partnerships nationwide, helping create more than 120,000 units of housing. We are proud to have many repeat clients and a reputation for integrity, responsiveness and timely execution.

The Community Investments group invests both directly and on behalf of non-affiliated investors in low-income housing and historic tax credit partnerships with for-profit and non-profit sponsors.

We seek development partners with a history of success in building long-term, high quality affordable housing.

With a variety of distribution options, Aegon has the ability to customize pricing and pay-in schedules to meet the needs of each individual development. Each development goes through a single underwriting process and requires only one Investment Committee review.

A dedicated team, including highly experienced LIHTC counsel, works closely with each client throughout the entire process to ensure an efficient and timely closing.

WHAT SETS uS ApArT

• Aprofessionalstaffwith diverse backgrounds in community development, finance, property management, project management, syndication and tax.

• Astreamlinedclosing process with one Investment Committee review.

• Anassetmanagement staff that is a resource, not a roadblock, to developers.

What We Do

www.aegonrealty.com/en/Home/Investment-approach/Tax-Credit-Investing

ELIgIbLE prOpErTIES: Nationwide new construction or substantial rehabilitation of multifamily housing for families or seniors that have a 9% or 4% Low Income Housing Tax Credit (LIHTC) reservation.

MIxEd INCOME & OTHEr CrEdIT TypES: properties may include mixed income, historic, and state credits. For historic credit transactions, properties can include commercial uses.

ELIgIbLE dEvELOpErS: For profit and non-profit developers nationwide with prior LIHTC experience.

dEbT SErvICE COvErAgE rATIO (dSCr): A minimum dSCr of 1.15x is required.

rEpLACEMENT rESErvES: A minimum annual amount of $300 per unit for family housing on rehabilitation projects, and $250 per unit for senior housing or newconstruction projects.

guArANTEES: Standard guarantees include completion, operating deficit, tax credit, and taxes on Lp income guarantees, as well as standard environmental indemnities.

AdjuSTErS: Standard capital adjusters based on net price per credit.

THIrd pArTy rEpOrTS: The developer shall submit all third party reports to Aegon, such as the appraisal, market studies, environmental reports and plans and specifications.

ApprOvALS: Only one Investment Committee approval is required. The Investment Committee meets weekly.

Low Income HousIng Tax credIT nvesTmenT Terms


Aegon is uniquely positionedto invest in tax credits utilizing various platforms:

•TraditionalSyndication•CreditEnhanced Syndication•DirectInvestment

Having the corporate resources and multiple distribution opportunities gives Aegon the flexibility to meet the needs of a variety of investors, including insurance companies, banking institutions, technology firms and other C-Corporations.

TrAdITIONAL SyNdICATION: Aegon structures funds with corporate investors to invest in tax credit partnerships. A unique aspect of the Aegon program is our ability to co-invest alongside non-affiliated investors. Aegon constructs both multi-investor and proprietary funds to meet highly specific investment parameters, both economic and CrA.

CrEdIT ENHANCEd SyNdICATION: Since 2003, Aegon has been syndicating tax benefits to institutional investors with the added security of a AA- credit rating. To date, we have credit enhanced approximately $2.5 billion in tax benefits. This platform is primarily for clients who require a more predictable delivery of tax credit benefits, and the associated financial returns, along with preferable accounting treatment.

dIrECT INvESTMENT: Aegon invests on a direct basis for its affiliates where we have the ability to pursue large transactions, more complex structures, mixed income projects, as well as projects with layered financing.


InvesTmenT oPPorTunITIes

Christoph GablerChristoph has been with Aegon since 2000 and is responsible for oversight of the Community Investments group.

FOr INvESTOrS:Lynn AmbrosyLynn is a vice president and is responsible for investor development, relationship management and fund management responsibilities across all tax credit fund platforms.

FOr dEvELOpErS:

Christopher LongChris is a vice president and Head of Acquisitions and underwriting, leading the acquisitions team of the Community Investments group.

Anne SimpsonAnne is a vice president and is responsible for originating, pricing, structuring and closing tax credit investments, and developing internal underwriting policies and guidelines for the Acquisitions team.

Sean CreedonSean is a director and is responsible for originating, pricing, structuring and negotiating tax credit investments, as well as promoting the Aegon tax credit investment platforms.

CONTACT INFOrMATION: Christoph gabler Senior vice president 415-983-5441 [email protected]

INvESTOr CONTACTS: Lynn Ambrosy vice president319-355-5871 [email protected]

dEvELOpEr CONTACTS:Christopher Longvice [email protected]

Anne Simpsonvice [email protected]

Sean [email protected]


aegon reaLTY advIsors senIor Team

Christoph GablerSenior Vice [email protected]

Anne Simpson, [email protected]

Community Investments 505 Sansome St., Ste. 1700 San Francisco, CA 94111

www.aegonrealty.com

39089BluPlate4C 0411

TheTax CrediT iNVeSTOr

one of the best decisions you’ll ever make.

Developed by:

Blue Plate lofts 1315 S Jefferson Davis ParkwayNew Orleans, LA 70125

$8,936,700Equity Investment 72 units 70% Affordable 30% Market Rate

Investment: blue plate Lofts Developer: HrI properties Location: New Orleans Equity: $9 million Characteristics: •AdaptiveRe-Use •FederalHTC

Investment: dana Strand Developer: rOEM Apartment Communities Location: Los Angeles Equity: $5 million Characteristics: •NewConstruction •Senior55+

Investment: Kuhio park Terrace Developer: Michaels development Company Location: Honolulu, HI Equity: $50 million Characteristics: •Rehab/PublicHousing


4% LOW INCOME HOUSING TAX CREDIT EQUITY

4% Low Income HousIng Tax credIT eQuITY nvesTmenTs

Investment: Sorrento at Miramar Developer: The Nrp group & ZOM Location: Miramar, FL Equity: $11 million Characteristics: •NewConstruction •NewIssueBonds

CoLUMBIa PaRC

ProjECt NAmEColumbia parcat the bayou district

LoCAtIoNNew Orleans, LA

ProPErty tyPEFamily

BuILDING tyPENew Construction

totAL EquIty$64,965,602

NumBEr of uNItS466

uNIt mIx1br-94 2br-1713br-1864br-15

DEvELoPErS Columbia residential Housing Authority of New Orleans

mANAGEmENt ComPANy Columbia residential property Management

● Central air conditioning ● dishwasher ● Ceiling fans ● Walk-in closets ● Frost-free refrigerator ● patio/blacony● Washer/dryer furnished ● Storage electric range/Oven

● Mini/vertical blinds or drapes ● Fire sprinklers ● Swimming pool ● Interactive splash park ● Clubhouse/ Community room ● Fitness center

● Courtyard with barbeque picnic area ● Laundry room ● Library ● Computer/ Education center● Tot lot/playground ● Storage ● business center ● resident theatre

ProjECt AmENItIES

oLIve stReet

ProjECt NAmE740 South Olive Street

LoCAtIoNLos Angeles, CA

ProPErty tyPESenior/Section 8

BuILDING tyPErehabilitation


NumBEr of uNItS309

uNIt mIxStudio-331br-2752br-1

DEvELoPEr related developmentCompany of California

mANAGEmENt ComPANy related Management Company

● Elevator upgrades ● HvAC upgrades ● renovated kitchens with new appliances ● Electric range/Oven ● New bathroom fixtures and cabinets ● upgraded light fixtures

● blinds/Window coverings ● New exterior windows ● Exercise room ● New Laundry room ● New carpeting● Computer room ● updated security cameras

● updated community kitchen and common area ● renovated rooftop deck ● resident theatre ● New property management office

ProjECt AmENItIES

ProjECt NAmEdana StrandSenior Apartments

LoCAtIoNLos Angeles, CA

ProPErty tyPESenior

BuILDING tyPENew Construction


NumBEr of uNItS100

uNIt mIx1br-992br-1

DEvELoPEr rOEM Apartment Communities

mANAGEmENt ComPANy FpI Management

● Central air conditioning ● dishwasher ● garbage disposal ● Microwave oven ● refrigerator ● Cable Tv and internet connections

● Washer/dryer hook-up ● Storage ● Electric range/Oven ● blinds/drapes ● Fire sprinklers● Elevators ● Community center ● patio/balcony

● Laundry room ● Computer/ Education center● Secured access ● perimeter fencing ● On-site manager ● Fitness center ● Lawn irrigation

ProjECt AmENItIES

Dana stRanD

Christoph GablerSenior Vice [email protected]

Anne Simpson, [email protected]

39089BluPlate4C 0411

TheTax CrediT iNVeSTOr

one of the best decisions you’ll ever make.

Blue Plate lofts 1315 S Jefferson Davis ParkwayNew Orleans, LA 70125

$8,936,700Equity Investment 72 units 70% Affordable 30% Market Rate

Community Investments • 505 Sansome St., Ste. 1700 • San Francisco, CA 94111

www.aegonrealty.com

Developed by:

ProjECt NAmEblue plate Lofts

LoCAtIoNNew Orleans, LA

ProPErty tyPEArtist Lofts(Market rate / LIHTC)

BuILDING tyPEHistoric rehabilitation


NumBEr of uNItS72

uNIt mIx1br-44 2br-28

DEvELoPEr HrI properties

mANAGEmENt ComPANy HrI Management Corporation

● Central air conditioning ● dishwasher ● Microwave oven ● Ceiling fans ● Walk-in closets ● Frost-free refrigerator● Electric cook-top range ● Washer/dryer hook-up

● Storage ● blinds/drapes ● Fire sprinklers ● Elevators ● Clubhouse/ Community room ● Fitness center

● barbecues/picnic area ● Computer/business area● Secured access ● perimeter fencing ● bicycle storage ● Lawn irrigation/Sprinklers

ProjECt AmENItIES

BLUe PLate Lofts

ProjECt NAmEKuhio park Terrace

LoCAtIoNHonolulu, HI

ProPErty tyPEFamilypublic Housing

BuILDING tyPErehabilitation


NumBEr of uNItS556

uNIt mIx1br- 452br- 3163br- 195

DEvELoPEr Michaels development Company

mANAGEmENt ComPANy Interstate realty Management

● Clubhouse● Elevator ● Fitness center ● bbQ/picnic area ● Laundry room

● video surveillance● balconies/Lanais ● Computer/business center ● day care

● Fire sprinklers ● Tot lot/playground ● Security

ProjECt AmENItIES

kUhIo PaRk

We’re invested with you.

Aegon USA Realty Advisors, LLC505 Sansome Street, 17th Floor | San Francisco, CA 94111 | 415.983.5420


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