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Financial Statements
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June 30, 2009
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March 31, 2009
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December 31, 2008
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September 30, 2008
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June 30, 2008
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March 31, 2008
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December 31, 2007
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September 30, 2007
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June 30, 2007
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March 31, 2007
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Derpool 17
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| Sep 2009 - Syndication for acquisition of SFR pool |
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Hanover & Recklinghausen
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| Jun 2008 - |
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The firm identifies investment opportunities that provide
stable fixed income and considerable appreciation over a 5-10 year horizon.
We are committed to maintaining an unwavering discipline to minimize investment downside risk
and therefore we have imposed upon ourselves the following investment criteria:
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Stable, predictable and developed markets
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Medium-sized projects that require €2-15 million in equity
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Targeted 8 - 9% caps
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High quality, credible tenants
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Double digits cash on cash ratios
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15- 20% expected IRR
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Preferably 10 year lease commitments
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Value creation derived from improvements in occupancy, rent rolls and other factors
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Senior non-recourse bank financing, minimum 85% LTV and long-term fixed rates
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Once an investment is structured, the firm invites qualified co-investors
to participate in a Mezzanine Fixed Income instrument or Full Participation.
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