the ergur group 2012 / toledo

© 2012 – The Ergur Group

“Coming together is a beginning; keeping together is progress; working together is success.” Henry Ford

Ohio Economy: Where are we Heading?

Ohio -- Northeast Ohio's economy continues to grow at a steady but modest clip, thanks largely to an old friend -- manufacturing -- but observers see a powerful new catalyst on the horizon.

Major energy companies are investing millions into Ohio's surprise resource --the natural gas trapped deep in ancient shale deposits. With drill permits being acquired at accelerating rates, it's only a matter of time before large-scale drilling becomes an economic stimulus, according to an analysis by Team Northeast Ohio.

The regional economic development agency reported in 2012 that job creation in Northeast Ohio grew for the seventh consecutive quarter as the unemployment rate dropped to 8.3 percent in March, slightly beneath the national rate.


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http://topics.cleveland.com/tag/fracking/index.html

Toledo, Ohio


Toledo, located in the heart of the industrial Midwest, Northwest Ohio has built a strong manufacturing

base in glass, plastic, primary metal and fabricated metal products, as well as automotive assembly and

parts production.

Toledo's central location to major Midwest cities such as Chicago, Pittsburg, Detroit, Cleveland,

Cincinnati, Indianapolis, Columbus, St Louis, Buffalo and Toronto, coupled with its world class

transportation infrastructure, gives it unparalleled access to the Midwest market. Located at the

crossroads of Interstate 75, 80 and 90, the Northwest Ohio region is within a day's drive of nearly half the

U.S. and Canadian industrial markets and is ideally situated for businesses to reach customers and

suppliers throughout the Midwest.

That access to the Great Lakes, combined with the region's international cargo hub, and one of the

leading rail centers in the country, makes Northwest Ohio a global platform for doing business anywhere

in the world.

.


State and Local Business Climate

Industries that historically have supported the area include farming, industrial production, transportation

and warehousing. A strong agricultural base - fostered by farming communities that harvest corn, wheat,

soybeans, tomatoes, pickles, and more - has promoted the growth of food production, distribution and

transportation throughout the region. The region’s industries include both small and large companies, all

supported by highly trained workers

Toledo

Toledo + Ergur: Where are we Heading?

Partnering with the City of Toledo in a public private partnership (P3), our main goals are creating jobs & development projects; not only to raise the standard of living of the residents of Toledo, but to create a young, vibrant and productive economy.

The solution is to use public + private partnership monies to develop major for-profit transportation, energy and communications infrastructure projects that will spark employment & growth, reduce US dependence on foreign energy and on foreign debt, and improve the efficiency of the economy for all growth industries in the twenty-first century.

The end result will be a more sustainable and stable economic future for greater Toledo, Ohio.

The results will elevate the City of Toledo as a world class business investment and lifestyle hub.



From hot dogs to Jeeps, President Obama sees what Toledo makes Toledo Blade, June 3, 2012 Fortified by chili dogs from Rudy's Hot Dogs, President Barack Obama arrived at Chrysler Group LLC’s Toledo Assembly complex Friday afternoon to herald the auto industry's rebound after a government bailout and announce a deal for Fiat to buy the Treasury's remaining stake in Chrysler.

Dean Monske (Northwest Ohio Growth Partnership (RGP)–CEO), Koray Ergur (Ergur Real Estate Group-CEO), Mike Bell (Toledo Mayor), Ismail Sumer (HONDA Factory Director, Board Member), William Rudolph (Rudolph Libbe Companies-Chairman), Thomas Crothers (Deputy Mayor)


Ergur + JV Partners City of Toledo Trade Unions County of Lucas Port Authority University of Toledo RGP HONDA Rudolph & Libbe AGM Sandvick Architects McGladrey A2A + Brooks Media


Core Beliefs and Values + Purpose = Guiding Philosophy

Mission + Vivid Description = Tangible Image

Guiding Philosophy + Tangible Image = Vision

Strategic Vision x Communication = Shared Purpose

Shared Purpose x Empowered People x Appropriate Organizational Changes x Strategic Thinking = Successful Visionary Leadership

Ergur Guiding Principles

Global No.1 amongst Real Estate companies with highest efficiency

ERGUR Midterm Vision:

Be a company that people want to exist

2012 2013 2014

The Nicholas Building

Establish a company constitution that contributes to society

Create a working environment where people can enjoy living and have the desire to move to Toledo Reinforce management led by ERGUR Group / Apply company principles which respect individuals

ERGUR Group management based on corporate governance

Standardize ERGUR Group management

constitution

ERGUR Group management & growth plan

Find clients to move in to new dwellings at Nicholas Building

Housing construction for attractive living area

To make clear understanding

of Nicholas Building incentives

Expansion of ERGUR Group reliable investments

To be a company that

people can respect &

trust

Midterm Direction:

Reliable ERGUR company constitution

against changes

Strengthen ERGUR Name

THE ERGUR GROUP BUSINESS DIRECTION

Action Requirement:

Vision: Become a company that contributes to society through construction projects & properties.

Mission: Achieve ‘Outstanding Quality w/ Affordable Price’ for worldwide customer satisfaction.

Marketing of existing new working & living area which has been established by EG

ANDI Vision Projects

People living in higher standard new housing

1. Strengthen teamwork among ERGUR associates.

2 .Enhance each associates skills.

3. Ensure all applications based on company principles.

Ergur Group @ Toledo Projects


The Nicholas Building

The Spitzer Building

The Commodore Perry

Ergur Tower (New)

The Nasby Building

The Pythian Castle

The Erie Street Garage (New)


Billboards (4) @ Nicholas


Total Nicholas + Spitzer (398 units)

Commodore Perry Building


Ergur Tower Mixed Use Development (New Construction)

Sample Tunnel Concrete System Project Picture from Baker High-Rise Concrete

The Nasby Building (To Be Restored as a University Campus / Hotel)

The Pythian Castle

To be Restored as Residential Condos


The Erie Street

Parking Garage By ANDI


A2A Media + Ergur Partnership

Self Sustainability w/ GEOTHERMAL ENERGY

• WIND • SOLAR • GEOTHERMAL


Downtown Toledo Revitalization Analysis

Create a vibrant downtown community by filling the area with more residential occupancy work with the city to reduce crime rates and create a safe community to live.

Create ample FREE parking for people to be able to live and visit the downtown Toledo area. Attract necessity service stores (i.e. drug & grocery stores) to downtown to fill the needs of the population and attract retail shops to the downtown area.

Setting the Stage for Development

STEP 1 Capture the Vision (ANDI + ERGUR) (DONE)

STEP 2 Develop a Strategic Plan (DONE)

STEP 3 Forge a Healthy Private/Public Partnership (WORK IN PROGRESS)

STEP 4 Make the Right Thing Easy (TOLEDOANS + LEADERSHIP IN PLACE)

STEP 5 Establish Business Improvement Districts and Other Non-Profits (DONE)

STEP 6 Create a Catalytic Development Company (THE ERGUR GROUP)

STEP 7 Create an Urban Entertainment District (ANDI)

STEP 8 Develop a Rental Housing Market (ANDI + ERGUR)

STEP 9 Pioneer an Affordability Strategy (ANDI + ERGUR)

STEP 10 Focus on For-Sale Housing (ANDI + ERGUR)

STEP 11 Develop a Local-Serving Retail Strategy (ANDI + ERGUR)

STEP 12 Re-Create a Strong Office Market (ANDI + ERGUR)

Strength Weakness

Continued investment from abroad.

China, Turkey & Others Continued increase in residential Newly developed arena Newly formed pro hockey/baseball

teams (Mud Hens & Walleye) Strong demand for urban living Historic renovation creates greater

value.

Lack of FREE parking Lack of youth demographic in

area No grocery stores in area No drug stores in area No shopping centers in area

Opportunity Threat

Draw in a grocery store to downtown center

Pull in youth demographic through development of college in the city center

Attract retail shops to create a vibrant urban living community

Lack of FREE parking in area will detour people from wanting to shop/live downtown

Increase the population of downtown Toledo to 150,000 residents by spring of 2013 with a

growth rate of 7.5% per year

Work with city officials to identify the key drivers of crime within the area, and prepare a plan of action to reduce crime rates by 20% every year

Create a solution for free parking that offers no less than 25,000 spaces for a 1 mile radius, with the ability to double every 2 years

Attract national and local retail to the area to satisfy demand & needs for the local population

Grocery Store & Supermarket

Pharmacy & Drug Store

Restaurants + Jazz Clubs

Starbucks, Peet’s Coffee

Clothing Stores

Dining & Food Court

Electronics Stores

APPLE

MICROSOFT

Phase 1

Work with the student bodies of the local colleges to identify and satisfy what needs/demands they have in order for them to have a desire to live downtown

Build a movement among the universities to want to revitalize downtown Toledo

Work with University board of directors to establish a campus in downtown Toledo by the end of 2013

Phase 2

Establish no less than 10,000 parking spaces within a 3 mile radius in downtown Toledo, with the ability to double parking every year for the next 3 years

Work with local taxi companies to establish reliable transportation to and from downtown Toledo

Improve the public transportation system (TARTA), in order to add efficiency and increase traffic to and from downtown Toledo

Phase 4

Bring in grocery store by 4th quarter of 2012.

Bring in national drug store chain (i.e. Walgreens) by 2nd quarter of 2012.

Bring in at least 1-3 new shopping outlets to downtown Toledo every year for the next 5 years.

Our exit plans foresee the following potential:

Sale with owner carry back programs

Refinance with FHA + SBA loans (multiple options)

Investors’ green card program; EB5 + Toledo Ergur Regional Center Program

Sale – Lease back with $1 buyback plan

Partnering with end users

Exchange & trade globally

Sell investors a debt or equity shares

Build up cash flow and sell it to private + institutional investors

Donation for the benefit of the public

Utilize and capitalize all available tax credits, incentives & grants (Up to 90% +)

Joint venture and partner with 2nd tier group of new JV’s and partners

Toledo + Ergur Real Estate Investment Trust (Private REIT)

Toledo + Ergur Private Equity Investment Fund Offering

Pre-Lease Up Campaign (Worldwide)

Pre-Sales (Worldwide)

Floor by Floor to Investors

Unit by Unit to End Users

Perfect Ergur business model and franchise it globally

How does the overall cost of a typical project like this compare with what it might cost to undertake equivalent new construction?

By putting the proper incentives in place, new construction cannot compete with the value of historic renovation.

New construction may appear at the onset to be less expensive than historic renovation because the labor costs comprise a much larger portion of the historic renovation construction budget.

New construction labor costs are typically about 50 percent of total costs, whereas the labor component of historic renovation is closer to 60 to 70 percent.

But you have to evaluate the complete financial structure, and when you do that historic renovation creates greater value.

The federal government provides a “Historic Renovation Tax Credit” of up to 26 percent of the total renovation costs.

State of Ohio offers additional historic preservation credits of 25 percent or more. Because many of these buildings are located in areas that have suffered considerable decay and economic blight, they will often meet the requirements.

For participation in the Federal New Markets Tax Credit program. The NMTC can generate additional credits equal to 39 percent of the renovation costs and are often layered on top of the historic credits.

Some quick math will tell you that adds up to 90 cents plus on the dollar of public equity contribution in the form of state and federal tax credits — just for starters.

City of Toledo Leadership + Ergur Team Members

The EB-5 immigrant investor category allows a person and his or her family members to get a green card (i.e. live permanently in the US) by investing a certain amount of money in the U.S. and creating or saving 10 U.S. jobs. The minimum amount of money to invest is $500,000 if you invest in a rural or high unemployment area. Otherwise you must invest at least $1,000,000.

Mike Bell (Toledo Mayor), Angela Beck (Ergur) and Dean Monske (President and CEO The Regional Growth

Partnership (RGP))

Invest in projects developed by City of Toledo government agencies, economic development non-profits, and top real estate firms

Invest in projects selected to create a significant number of jobs

TERC will assist you in the EB-5 petition process

Minimum investment is only US $500,000

Satisfy job creation requirements by counting both direct and indirect jobs

TERC's job creation methodology is subject to approval by the USCIS

Your US $500,000 investment will be held in a protected escrow account until approval of your I-526 petition. If your petition is rejected, your US $500,000 investment will be immediately will returned to potential investor.

The Ergur Group is seeking visionary dreamers, entrepreneurs, brokers, lawyers, engineers, contractors, universities and other experts to become involved with us in implementing a plan to create a visionary downtown in Toledo, Ohio, while ensuring the City’s future with development that will be beneficial to all. Team of professionals / companies we are seeking

to partner with: Private & institutional investors Real estate brokers & agents worldwide

Specialized in Leasing Specialized in Sales

Commercial mortgage brokers & lenders Bridge loan agents / brokers Specialized FHA + SBA Loans

Public employees union leaders (Ohio) Trade union leaders (Ohio) Manufacturer owners from around the world Private universities from around the world Entrepreneurs & innovators with revolutionary vision

and ideas Investment bankers from around the world Small business owners seeking to expand their

market Medical center & clinics owners Senior care facilities managers & business owners Hotel management & business owners Data center managers, owners and operators from

around the world. City, county and state government agencies Network of individuals / companies active in building

self-sustained cities within cities projects worldwide.

Looking for business partners who develop & market powerful

self-sustained city solutions and technologies.

Joint Ventures + Partnerships:

Joint Ventures w/ Land + Property Owners

Joint Ventures w/ Developers

Joint Venture w/ Retail End Users

Joint Ventures w/ Financial Partners

General contractors worldwide (multiple)

Trade subcontractors from Ohio

Anyone who participates and assists us with creating and

fulfilling our vision and transforming it to reality,

regardless of their position or background, but who has

the necessary abilities to accomplish a dream, will be paid

the industry standard finder’s fees plus commissions.

Let’s spread the word and capitalize on our abilities and

relationships by working together on a significant joint

enterprise for which we will all be proud, rewarded and

appreciated from a great City that thinks far into the future

and enthusiastically supports these business endeavors.

Thank you all in advance; now let’s roll up our sleeves

and bring these dreams to reality. We are fully committed

to this vision and we welcome everyone. Come and join

us in becoming part of this history-making project.

Please forward a one or two page letter of intent to Koray Ergur at [email protected].

WHY TOLEDO?

Toledo Mayor, Mike Bell, has a clear vision of the “City of

Toledo, becoming a world class international business

investment and lifestyle hub.”

Unlike many other city leaders who are sitting and complaining

about the economy, the City of Toledo leaders are travelling

around the world creating new opportunities for metropolitan

Toledo.

Prospective business owners & entrepreneurs engage with

Toledo’s local professionals & government officials to take full

advantage of all of the available tax credits & incentives for new

businesses moving to Downtown Toledo. Business Advantages

of relocating to Downtown Toledo

WHY ERGUR?

Full commission to finders & brokers. (In most cases, finders

get double full commission because of our equity swap deal

structure.)

We can close very fast; that means cash out of escrow for

everyone involved.

Ergur has plans to finance the Nicholas Building, swap and/or

purchase transaction 100% in-house so there’s no need for

bank approval or extensive due diligences & long appraisal

periods.

Please share our proposal with all of the real estate brokers

and agents in your network; we will protect your commission

split share.

We will also consider (in lieu of payment) Nicholas Building

condo ownership and/or stock option exchange for promising

startup companies.

WHY THE NICHOLAS BUILDING?

We sell and/or exchange + equity swap with no down payment.

No interest (0) + No down payment plan (0) / {(0) + (0)}

Approximately $12 Million in renovations over the past few years

As a national historic landmark, The Nicholas Building qualifies for

many State and Federal Grants for both interior and exterior

renovations

Excellent location within Toledo's Central Business District

Significant opportunity to create value: Year One NOI does not include

lease-up of the vacant space

Easy Access to Interstates 75, 280 and 80/90 (Ohio Turnpike)

Located within walking distance of Toledo's Marina District, the Lucas

County Courthouse, various government offices, several restaurants,

Fifth/Third Field, the Seagate Convention Centre and Lucas County

Arena - Providing the Area with 1.5M People per Year in Foot Traffic

Available at well below replacement cost. Priced to sell and/or

exchange.

Located across from the brand new Lucas County Arena, an 8,000 seat

arena which opened in the Fall of 2009

JOIN US! e+Force

We are focused and constantly seeking real estate deals that fit into

our formula and we’re interested in recruiting top real estate brokers in

the almost anywhere. Our plan is to expand our network daily &

constantly for potential opportunities for exciting equity swap

transactions…join us!

We are leading a global REVOLUTION in real estate & e+Exchange -

e+Force

We are recruiting Realtors, Brokers, Team Leaders and Partners

almost anywhere

We are searching for brokerages to acquire, merge with or JV almost

anywhere

International Development Officers & Partners almost ANYWHERE

Questions, Comments & Feedback are Welcome [email protected] or (888) 513-6688

ANDI Vision Video http://youtu.be/MtSp3Tju9Aw

City of Toledo + The Ergur Group is supportive of creating new infill projects that further the Arena Neighborhood Development

Initiative (ANDI) Vision as created by the Greater Downtown Business Partnership relating to the redevelopment of Downtown

Toledo, Ohio. We believe the potential for ANDI and other projects near the downtown zone have an estimated budget exceeding

one billion dollars.

RGP http://www.rgp.org

Visit this website and find out about Northwest Ohio’s advantages:. When it comes to a dynamic business location, Northwest Ohio

is your central point for access and opportunity. With nearly 100 million people living within a 10-hour drive of Northwest Ohio, and

with instant access to air, rail, seaport and two of the country's most traveled interstates, the doors to the global market are wide

open. Northwest Ohio provides the perfect balance of business opportunities and an exceptional quality of life.

Future of Glass vs. Glass City (Toledo) http://youtu.be/6Cf7IL_eZ38

Watch "A Day Made of Glass" and take a look at Corning's vision for the future with specialty glass at the heart of it .

Latest News & Articles

http://youtu.be/MtSp3Tju9Aw



http://www.rgp.org/

http://www.rgp.org/

http://www.rgp.org/

http://youtu.be/6Cf7IL_eZ38

http://youtu.be/6Cf7IL_eZ38

the ergur group 2012 / toledo

Real Estate

ergur associates

ergur midterm vision

expansion of ergur group

ohio economy

greater toledo

residents of toledo

northwest ohio region

toledo makestoledo blade