parkmont impact investments partnership ......parkmont capital llc, a real estate finance,...

PARKMONT IMPACT INVESTMENTS PARTNERSHIP.

Residential & Commercial Real Estate Assets Urban Neighborhoods & Town Redevelopment Centers

New York Tri-State Region

For General Information Only

138 West 25th St., 11th Floor, New York, NY 10001

73 Washington St., Suite 100, Bloomfield, NJ 07003

Tel: (646) 448-0780 / (973) 250-5468

www.parkmontcapital.com

Registered Investment Adviser

Court-appointed Receiver NJ&NY

Licensed Real Estate Broker NJ&NY

Peter M. Amari, PresidentParkmont Capital, LLC

Established in 2005

Parkmont Impact Investments Partnership

Equity & Debt Capital Invested in Real Estate Assets

Impact Investments in Urban Neighborhoods and Town Centers

� Impact Investments in real estate in the highly urbanized New York and Northeast Corridor

take place in city neighborhoods and town redevelopment centers. They consist of equity

and debt deployed into affordable housing and mixed use properties: upgrade and

stabilization of one-to-four family homes, multifamily residences, retail centers; adaptive

reuse of obsolete and unused office and industrial properties by conversion to beneficial

uses in business expansion, education and training, health and fitness facilities. Impact

investments deliver tangible benefits to investors and communities: satisfactory returns

on capital employed, value added in housing, services, businesses and employment.

� Impact investments thrive on private sector practices: acquisitions at economic value,

prudent financial structures, and efficient management. They deliver a triple bottom line:

(1) principal payback and satisfactory returns to investors in a medium term cycle; (2)

beneficial uses that sustain services, businesses and employment; (2) environmental

benefits via green and efficient standards in physical upgrades and in redevelopment.

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Impact Investments in Urban Neighborhoods & Town Centers

Equity & Debt Capital Allocations to Real Estate Assets

Investment Cycle: ‘Buy - Build - Manage - Realize Value’.

Management Parkmont , as managing partner, and impact investment + private equity anddebt partners, to ‘acquire, build-up, manage, and realize value’.

Allocation $1M-to-$5M per transaction with 1:1 / 2:1 debt/equity. $10M-$25M deployments can be realized via bundled purchases and staggered build-up projects.

Market Single and multi-family, mixed use retail, urban college student housing, medical& professional office, and more uses beneficial to businesses and communities.

Region New York Tri-State urban and commuting centers; and, selectively, urban andmetro centers near transportation nodes along the Northeast Corridor.

Impact Investments deliver upgrades in housing, shopping, and primary services of food, health care, banking, and employment in a medium term investment cycle.

Value Investment partners earn current income + realized value for a 12-15% IRR.Managing partner realizes value through sale/recap with funds and institutions.

Portfolio Partners can build-up a portfolio of impact investments with participation byinstitutional investors, and sustain continuing growth in new assets and projects.

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Parkmont: Managers - Financiers - Builders - Owners.

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Parkmont Capital LLC, a real estate finance, investment and managementfirm, acts in partnership with Safeguard Realty Management Inc., a propertymanagement company in New York with 20 years of activity in Manhattanand the boroughs for multifamily, office, and retail assets. Peter M. Amari ispresident of the JV company based in Bloomfield NJ which manages thegrowth in receiverships and assets under management in NJ-CT-PA.

The JV partnership provides integrated asset and property management,leasing and brokerage services: rents, payments, reporting, accounting,sales. Jointly, the two companies manage more than 100 properties andcontinue to add assignments working with lenders, attorneys, and brokers.

Peter M. Amari, President

Safeguard Realty Mgt. NJ, LLC / Parkmont Capital, LLC

Property Management / Real Estate Finance / Private Equity

Registered Investment Adviser, Court Appointed Receiver

Licensed Real Estate Broker, States of NY and NJ

N.J. Office: O: 973-658-5255 / F: 973-771-504873 Washington St., Suite 100 Bloomfield, NJ 07003

N.Y. Office: O: 646-734-6678 / F: 646-304-5980138 W. 25th St., (11th Fl) New York, NY 10001

Receivership & Property Management PartnershipNew York Metro

Multifamily - Retail - Office


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IMN FORUM - Day Two: Friday, June 4, 2010

MULTIFAMILY RENTAL INVESTMENT PANEL

Peter M. Amari, President Parkmont Capital, LLC

Parkmont Market View on Multifamily Investments (PDF)http://www.parkmontcapital.com/images/IMN_RE-PE_Forum_NYC_-_MultifamilyPanel_-_June3-4_10_--_Composite.pdf


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Multifamily assets suitable for impact investments upgrade and stabilization.

Sample of properties held under management - New York Metro.


Multifamily Affordable Housing New York Metro

Investment Rationale and Value Creation

� Investment. $1 to 5M to acquire multifamily urban properties of 10-50 units

and up to 100 units in larger assets to $10M. Properties are typically high rise,town houses, brick, and brownstone walk-ups.

� Rationale. Focus on properties that are in distress, receivership, foreclosure,

or REO by banks. Acquire notes or properties at economic value in respect ofneighborhood, upgrade requirements, sustainable rental rates.

� Strategy. Upgrade physical structure: lighting, boilers, roofs, etc. Renovate

interior of apartments with upgraded fixtures, ceilings, floors, walls etc. Leaseup at market rates for the neighborhood and community.

� Value. Utilize available public sector funds in energy efficiency and retrofits.

Stabilize rental income for apartments and ground retail in line with recurrentexpenses in utilities and in debt payments (if any). Manage asset(s) to fulloccupancy and retention. Refinance or sell in 1-2-3 yrs. for 10-12-15% IRR.

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Single-family assets suitable for impact investments upgrade & stabilization. Sample of properties held under management - New York Metro.


1-4 Family Affordable Housing New York Metro


� Investment. $1 to $5M to build-up portfolio of 1-4 family homes in urban

neighborhoods and metro communities. Properties are typically 40-75 yearold row homes, converted single family, and single family ready for upgrades.

� Rationale. Focus on properties in distress, receivership, foreclosure, or

REO by banks. Acquire notes or properties at economic value in respect ofneighborhood, upgrade requirements, and sustainable ownership costs.

� Strategy. Upgrade physical structure: exterior improvements to roofs, walls,

driveways; interior improvements to ceilings, kitchen, bath, lighting, heating,etc. Stabilize home ownership in line with affordable total costs.

� Value. Utilize available public sector funds in energy efficiency, retrofits.

Upgrade & stabilize home(s) in line with total ownership costs of upkeep andmortgage payments. Manage asset(s) through stabilization. Refinance or sellin 1-2 yrs. for 10-12-15% IRR, or hold in portfolio for a longer term.

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Impact Investment in Urban Neighborhood

Pennington Shopping Center, Trenton, NJ

$6.2M Acquisition & Management by Parkmont Capital, LLC, 2007

Property Acquired by Parkmont Capital LLC with NDC Capital (NYC)

as equity partner and Morgan Stanley as debt partner

Parkmont is managing partner for investment, finance, management, and value realization

http://www.parkmontcapital.com/realestate/transactions.html

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Pennington Shopping Center -- Trenton, NJInner City Neighborhood: lease-up to tenants in banking and local services to deliver ready access to community of new affordable housing units built around Center.


� Investment: 60,000 sq. ft. local shopping center built in 2003 at $6.8Mcost; additional ½ acre developable lot included; vacancy rate is 10%;200 new apartment units around the center.

� Rationale: underserved city neighborhood; purchase price below build-out cost; stable tenants; vacant store--lease at market rates; land parcelfor development of additional 3,500 sq. ft.

� Strategy: invest in site safety & cleanliness; improve tenant mix (e.g.,bank branch, pharmacy); lease vacant parcel to single tenant; controloperating costs via efficient management.

� Value: anchored by a supermarket, the Center is ahead of pro-forma withcurrent income payments to investors. Vacancy is low and stable, withnew affordable housing all around. Hold up to 5 years with new tenantsand new affordable housing completed. Expected IRR: 18-20%.

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Parkmont Team

� Managing Director

Peter Amari, President

Parkmont Capital, LLCRegistered Investment AdviserCourt-appointed ReceiverAsset & Property ManagerLicensed real estate broker

www.parkmontcapital.com

� Frank Belgiovine (Project Construction and Completion)

� David Hellman (Site Development and Management)

� Vincent Amari (CFO, Private Equity, Capital Markets)

� Kristen Ford (Single-family Assets, Note Purchases)

� Donn Reinelt (Fund Allocations, Investor Relations)

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PARKMONT TEAM

� Peter Amari has 30 years of experience in real estate finance, investment and management.

As an executive with Chase Manhattan and other large banks, he underwrote project loans for

major developers in the US and managed a portfolio in excess of $1B. As an executive on Wall

Street for real estate capital markets, he financed net lease projects at an investment firm that

first developed net lease finance & securitization. He has complementary experience in public

sector real estate finance as a director in the U.S. HUD Program in NJ for multifamily and mixed

use projects in urban sites. M.A. in Urban & Regional Planning at Rutgers University.

� Frank Belgiovine has built 2.5M sf of residential, commercial, and educational space In his

30 years of experience in the New York Metro and Pennsylvania region. He has built as general

contractor and as developer with green certification; he has acted as consultant and as manager

to private and public sector projects for commercial and institutional owners: developers,

banks, architects, government agencies, and educational institutions. He holds an extensive

network of contacts via the construction and supply industry, commercial brokers in the private

sector, county and municipal officials in the public sector.

� David Hellman has 25 years of experience in real estate for shopping centers and mixed use

residential assets. As Director of Acquisitions with Pasbjerg in NJ, developer and owner of 1.3M

sf. shopping center portfolio, he managed project development & completion: site selection and

acquisition through negotiations, due diligence, and finance. He has navigated successfully

government approvals and utility agreements, and selected project design and development

teams. He has access to projects, developers, and investors in New York and Pennsylvania.

David holds a B.S. in Management from the Business School at Seton Hall University.


PARKMONT TEAM

� Kristen Ford has nearly 15 years of experience in residential real estate and in financial

planning: co-investor and portfolio manager in 1-4 family homes; financial planner for liquid

investments and asset allocation. She is founder of Shaman Financial LLC, a start-up fund for

purchase of distressed notes and bank REO to sustain home retention: experienced in the

practices of acquisition, monetization and disposition specific to 1st and 2nd mortgage notes.

Worked as financial planner at Lincoln Financial in CA and Wachovia Securities in NJ. Studied at

Cal Berkeley and Cal State S. Francisco; B.S. College of Business, Finance.

� Vincent Amari has 30 years of experience in finance as analyst, banker, and adviser: project

finance, growth capital, bank debt underwriting and loan portfolio management. He is a Chartered

Alternative Investment Analyst: private equity, real estate, and structured finance. With Parkmont

he acts as CFO and positions the firm as catalyst and partner in acquisitions and development

projects. Worked on the line at Chase Manhattan Bank for 10 years in US Corporate and Europe

Institutional Groups; attended NYU GBA for an advanced program in corporate finance & security

analysis. PhD in Modern European Languages at Columbia University.

� Donn Reinelt has 30 years of experience as a business consultant and strategist to

institutional investors, family offices, endowments and foundations. As a Chartered Alternative

Investment Analyst he specializes in private equity, real estate, hedge funds and indexes and

focuses on capital allocations. In investor relations, he focuses on operating effectiveness of

investments with risk mitigation in for-profit funds, and on the alignment of mission &

investments in not-for-profit sector funds. Donn holds a BS in Civil Engineering from the

University of Michigan and an MBA in Finance from the University of Chicago.

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Orange NJ

Reade Street, NY27th Street, NY 137th Street, NY

Charles Street, NY

Parkmont: Managers, Financiers, Builders, Owners.

Bayonne NJ

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MULTIFAMILY

Trenton NJ

Oradell, NJ

Holland, MI

Hazlet, NJ

PARKMONT: Financiers, Managers, Builders, Owners.Commercial – Office - Development

New York Metro Development 16


� The Parkmont Partnership invests $1M to $5M per transaction with 1:1 / 2: 1 debt/equityratio: one-to-four family homes, multifamily residences, retail centers, and special useassets beneficial to communities and businesses in a medium term investment cycle.$10M-$25M deployments are feasible via bundled purchases and staggered build-upprojects. Investment partners earn current income + realized value for a 12-15% IRR in amedium term cycle. Managing partner realizes value via sale or recapitalization.

� Parkmont as managing partner holds a proven track record in working with impactinvestment and smart growth real estate: acquisitions and ownership; finance andinvestment; construction and completion; management and sale. Investment andexecution practices integrate acquisitions on economic value, equity+debt finance withlow leverage; green upgrades and redevelopment; hands-on management responsiveto investors and to community; cash flows and value realization.

Parkmont Impact Investments Allocations & Execution

Investment Allocations to Residential & Commercial Real Estate

City Neighborhoods and Town Centers

New York Tri-State Region

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parkmont impact investments partnership ......parkmont capital llc, a real estate finance,...

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