PROPERTY MANAGEMENT

Commercial Acquisition Criteria

• Strategy:

  Acquire well located properties in Northern California markets that allow us to leverage our local market knowledge, management and development expertise to reposition and enhance the value of investments.

• Product Type:

  Office / R&D
  Industrial
  Land

• Quality: A, B or C

• Size: Average values between $10-$100 million. Individual assets or portfolios.

• Age: We will consider older properties and recent construction.

• Investment Opportunities:

  Value-add including development, lease up, re-tenanting, rehab, or redevelopment. We will also consider core and core plus investments.

• Deal Structure:

  Typically all-cash with no financing contingency, but we will consider the assumption of existing financing.

• Investment Horizon:

  Ranges from 3 – 5 years for value-add investments to 7-10+ years for core investments.

• Target Markets: San Francisco Bay Area and Sacramento.

• Sourcing: Sourcing brokers on unlisted properties will be protected

• Competitive Strengths:

  We have significant local development history and expertise. We have developed 7.5 million square feet of commercial and institutional product in the Bay Area over the past 14 years.
  Broad Capabilities – Strong development and construction expertise and extensive local market knowledge
  Beneficial Timing - Can move very quickly to evaluate opportunities, perform due diligence and close

• Contact:

  Jeffrey A. Birdwell: President, Commercial Division
  Phone: (650) 377-5704
  Fax: (650) 570-2233
  Email: jbirdwell@srgnc.com
  
  Allison S. Gorelick: VP, Commercial Acquisitions
  Phone: (650) 377-5806
  Fax: (650) 570-2233
  Email: agorelick@srgnc.com
  
  Sandy Schroedl: Manager, Commercial Acquisitions
  Phone: (650) 377-5804
  Fax: (650) 570-2233
  Email: sschroedl@srgnc.com