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Oceanic Global Opportunity Fund

Oceanic Global Opportunity Fund. Andrew Berger │ Jennifer Bishop │ William Graf. Benjamin Hakes │ Alissa Kearney │ Mark Laverty. Vision. Oceanic Funds. Overview: Fund 1. Great Eastern Center. Overview: Fund 1. Rearden Block. Overview: Fund 1. Metropolitan Flats.

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Oceanic Global Opportunity Fund

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  1. Oceanic Global Opportunity Fund Andrew Berger │ Jennifer Bishop │ William Graf Benjamin Hakes │ Alissa Kearney │ Mark Laverty

  2. Vision

  3. Oceanic Funds

  4. Overview: Fund 1 Great Eastern Center

  5. Overview: Fund 1 Rearden Block

  6. Overview: Fund 1 Metropolitan Flats

  7. Overview: Fund 2 2010 2011 2012 2013 2014 2015 Exit Fund Origination

  8. Overview: Fund 2 Royal Palm 2010 2011 2012 2013 2014 2015 Exit Approached by Aurora

  9. Global Outlook 2-Year Outlook

  10. Office Market Outlook

  11. Prospective Client – Aurora News innovationsinnewspapers.com

  12. Prospective Client – College Town Collective newyork.olx.com

  13. The Royal Palm: Acquisition

  14. The Royal Palm: Construction Mgmt.

  15. The Royal Palm: Developer

  16. The Royal Palm: Development Plan

  17. The Royal Palm: Sources and Uses

  18. The Royal Palm: Sensitivity Analysis

  19. Addressing Additional Space Needs

  20. GEC & Rearden Space

  21. Remaining Land

  22. Value Creation Opportunity

  23. Landowner Holdout Adjacent Parcel Acquisition Strategy • Owners aware of RP development

  24. Adjacent Parcel Acquisition Strategy

  25. Adjacent Parcel Acquisition Strategy • Landowner Holdout • Landowner Holdout • Owners aware of RP development • Owners aware of RP development • Create Market Comp • Create Market Comp • Purchase Seneca Family • Establish fair market value • Purchase Seneca Family • Establish fair market value • Condemnation • City backing • Expedited process • Acquire 2 other parcels at market prices

  26. Parcel Assembly

  27. Land Bank Metrics

  28. Fund 2 Total Returns

  29. Break Even Analysis – Fund 2

  30. Break Even Analysis – Fund 2

  31. Opportunities & Risks

  32. Opportunities & Risks

  33. Q&A Map & Timeline CTC Option Terms Sources & Uses Adjacent Parcel Valuation Aurora Financials Financing Options Construction Costs City Requirements Construction Timeline Home

  34. Map & Timeline Great Eastern Center 2006 2007 2008 2009 2010 2011 2012 2013 Metro Flats Exit GEC Rearden Fund Origination

  35. Map & Timeline 2006 2007 2008 2009 2010 2011 2012 2013 Metro Flats GEC Rearden Fund Origination Extension Exit

  36. Map & Timeline Rearden Block 2006 2007 2008 2009 2010 2011 2012 2013 Metro Flats GEC Rearden Fund Origination Exit

  37. Map & Timeline Stadler Quarry 2013 2006 2007 2008 2009 2010 2011 2012 Fund Origination Metro Flats Exit GEC Rearden

  38. Map & Timeline Metropolitan Flats 2013 2006 2007 2008 2009 2010 2011 2012 Fund Origination Metro Flats Exit GEC Rearden

  39. Map & Timeline Phase I 2006 2007 2008 2009 2010 2011 2012 2013 Metro Flats Exit GEC Rearden Fund Origination

  40. Map & Timeline Phase II 2006 2007 2008 2009 2010 2011 2012 2013 Metro Flats Exit GEC Rearden Fund Origination

  41. Sources & Uses Royal Palm Overall Land Bank

  42. Aurora Financials: Balance Sheet

  43. Aurora Financials: Income Statement

  44. Aurora Financials: Cash Flow Statement

  45. Construction Costs

  46. Construction Timeline 2013 2011 2012 December January September April Begin Construction Aurora Moves In Complete Construction Acquire Note

  47. CTC Option Terms

  48. Adjacent Parcel Valuation

  49. Financing Options

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