a perspective on south florida real estate opportunities solutions re, llc

A Perspective on South Florida Real Estate

Opportunities

Solutions RE, LLC

A Perspective on South Florida Real Estate OpportunitiesExecutive Summary

Why Invest in South Florida Real Estate?

Sustained population growth over the past 20+ years

• 270,000 new residents since 2000 in Miami-Dade & Broward Counties

• Strong international migration to South Florida, especially from Latin America

• Growth expected to continue at same pace over the next ten years plus

• Greater Miami has over 150 ethnicities and more than 80 languages are spoken

Strong tourism industry that draws visitors from around the world

• More than 35,000,000 visitors in 2008 by air and sea

• 19.8% increase in tourism since 2002

• Miami is the busiest seaport in the world for cruise passengers

• Subtropical, average daily temperature is76 degrees with year round sunshine

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Strong economic growth over past decade

Miami-Dade led the state in job growth over the past ten years

Large employment in real estate, finance, legal, tourism and retail in South Florida

No state income tax and low sales tax rates

Miami-Dade is the 10th largest recipient of direct foreign investment

South Florida is an international market

South Florida accounts for the largest share of foreign home buyers in Florida

Latin Americans make up the largest share of foreign buyers

60% of foreign buyers pay cash for real estate

Real Estate Prices in South Florida

Prices peaked in December 2006

By December 2008, prices have fallen by 41.25%

3


Summary of Inventory in the Market

In the thirty year period ended 2002, 11,517 condos were built in Miami

Between 2003 and 2008, 43,408 have been built or are under construction

Of the 43,408, those that have not closed and are available to buy total 17,597

Brickell leads all neighborhoods with 8,786 built and there remains 4,689 of these units

available

Based on absorption rates, this is likely a 4-5 year supply

Neighborhoods

Brickell

• Strong professional workforce in legal, management and finance

• Average household income is $72,152

• Established neighborhood with corresponding infrastructure in place

4


Miami Beach Major employers in real estate, tourism, retail and finance Average household income is $102,426 Popular tourism destination for travelers from around the world

Sunny Isles Primarily a residential community, with some employment in tourism, retail and real

estate Average household income of $91,377 Many new developments are popular with seasonal residents from Canada and

Russia

Aventura Major employers are retail, banking, real estate and management Average household income is $109,241 Home to the largest shopping mall in Miami-Dade County

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Purchase Strategies

Note purchase directly from lender

• Foreclose on property and assume control

• Potentially the most cost-effective way to obtain property

• Foreclosure may be contested and thereby costly and time consuming

Short sale of the note

• Lender reduces note and property is purchase directly through developer

• Buyer obtains property at closing

• Developers and lenders may not cooperate

Direct purchase from developer

• Buyer controls property at closing

• Buyer can choose which units to buy

• Discounts tend to be smaller as developer still controls pricing

6


Direct from bank (REO)

• Buyer assumes control of property at closing

• All property issues have generally been addressed

• Most properties are being sold prior to foreclosure so options may be limited

Exit Strategies

Buy & Hold

• Rent units for period of time

• Usually produces consistent cash flow over time

• Acquisition prices are not attractive to developers or banks

7


Buy, Flip & Finance

• Purchase units at wholesale price and then immediate resale them and hold paper for

buyers

• Opportunity to exploit different in wholesale and retail pricing

• Market remains challenging for many properties and competition is intense

Hybrid Model

• Buy, flip some units with (or w/o) financing and rent the remaining units with a lower

cost basis

• A portion of investment cash returned quickly

• Sales remain challenging within the overall market

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Presentation Summary

An Introduction to Solutions RE & Majestic Properties

A Brief History of Majestic

The Team

An Introduction to The South Florida Market Population & Growth Statistics

Tourism

Business & Economics

International Buyers

9


The Real Estate Market in South Florida

History of Pricing

Inventory Summary

Absorption Rates

End User Profiles

Purchase Strategies Note Purchase Directly from Lender

Short Sale of the Property

Direct Developer Sale

Direct from Bank (REO)

10


Exit Strategies

Buy & Hold (Rental Properties)

Buy, Flip & Finance

Hybrid Model

Solutions RE Services

Consultation – Identify Appropriate Targets, Purchase & Exit Strategies

Financial Modeling, Comparable Market Reports & End-user Profiles

Design/Build of Designer Ready Units

Leasing Programs (Short-term and Long-term)

Lease-to-Own Programs

Sales Programs

Property Management

Recap & Questions

11


Solutions RE Services

Consultation – Identify Appropriate Targets, Purchase & Exit Strategies

Financial Modeling, Comparable Market Reports & End-user Profiles

Design/Build of Designer Ready Units

Leasing Programs (Short-term and Long-term)

Lease-to-Own Programs

Sales Programs

Property Management

Recap & Questions

12

An Introduction to Solutions RE, LLC & Majestic PropertiesA Brief History of Majestic Properties

Established 1995 Full service real estate organization Sales in excess of $5B Leader in the preconstruction sales market More than 30 preconstruction projects sold with over 4,000 total units 200+ Agents with more than a dozen languages spoken Four offices in Florida – Miami Beach, Miami, Tampa & Hollywood Global network of buyers & sellers Majestic named America’s fastest growing, independently owned, full

service real estate company by Inc. 500 Magazine in 2006

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Pre-construction sales expertise Maximizing FAR & land planning Conceptualization Space planning Design and finish selection Branding Building quality sales teams Sales center design & launch events Marketing plans & implementation Contract administration and closing plans Urban planning

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Partial List of Projects Sold In South Florida

Ten Museum Park (200 units) Midtown I, II & III (1,014) Canyon Ranch (433) Artecity (202) Paramount Bay (346) Marquis (306) Nirvana (347) The Tides Hollywood (954) Regent Park (253) Caribbean Miami Beach (103) Soleil (200) Cynergi (100) South of Fifth (29) Ios (45) Cite (436)

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An Introduction to Solutions RE, LLC & Majestic PropertiesSolutions RE, LLC Team

Jeff Morr, Founder and CEO

24 years of real estate experience, launched Majestic Properties in 1995

Experience in conceptualization, design, space planning, urban planning, branding,

marketing, sales, developer and customer relationship management

Marketing/Advertising – Florida State and FIU

Richard Wood, Chief Financial Officer Over 20 years financial experience Big Four Experience (PwC) BS in Finance - Indiana University MBA from the New York Institute of Technology.

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An Introduction to Solutions RE, LLC & Majestic PropertiesSolutions RE, LLC Team

Ken Nagid, Director of Operations Experience in the high tech industry Experience in real estate sales, leasing and property management fields BSC in Electronic Engineering and Business Administration – Tel Aviv

University

Ann Nortmann Experience in Banking Administration Real Estate Agent-Associate with specialization in residential condominium

sales, commercial and bulk condominium sales - top producer BS Business Management – Ryerson University

Mika Mattingly Experience in television and film production Real Estate Associate with specialization in commercial and bulk

condominium sales – top producer

17

An Introduction to the South Florida Market Population & Growth Statistics

Miami-Dade County, Florida 2000 Population – 2,253,362 2007 Population – 2,387,170 Increase of 5.9% (133,808 increase)

Broward County, Florida (Fort Lauderdale) 2000 Population – 1,623,018 2007 Population - 1,759,591 Increase of 6.5% (136,573 increase)

Overall Population Growth in Miami-Dade MSA of more than 270,000 persons since 2000

Miami- Dade County’s Population is Approximately 50% Foreign-born

Median Income is $41,237 (2006)

Source: US Census Bureau, Miami-Dade County & Beacon Council (www.census.gov; www.miamidade.gov; www.beaconcouncil.com)

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http://www.census.gov/

http://www.miamidade.gov/

http://www.beaconcouncil.com/

An Introduction to the South Florida Market Population & Growth Statistics

19

Source: US Bureau of the Census Reports for 1960, 1970, 1980, 1990, 2000Post 2000 figures, Miami-Dade Planning & Zoning Department, Research Section, 2001

An Introduction to the South Florida MarketTourism (add pie chart from where tourist come from)

Miami-Dade Tourism 2008 Visitors by Air – 17,041,650 (+12.87% 2008 vs. 2002) Visitors via Port – 3,807,865 (+10.5% 2008 vs. 2002)

Broward Tourism 2008 Visitors by Air – 11,298,519 (+32.62% 2008 vs. 2002) Visitors via Port – 2,179,206 (+16.3% 2008 vs. 2002)

19.8% Increase in Overnight Visitors 2008 vs. 2002 Miami is a gateway city for Latin American Visitors Miami-Dade Seaport is the busiest seaport in the world for cruise

passengers Miami-Dade County Lead the State in Hotel Occupancy (76.9%) and Room

Rates ($190.47)

Source: Synovate Research; Greater Miami Convention & Visitors Bureau (www.synovate.com; www.miamiandbeaches.com)

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http://www.synovate.com/

http://www.miamiandbeaches.com/

An Introduction to the South Florida MarketBusiness & Economics

Economic Facts Miami-Dade Metro area has lead the state in new job creation over the past five years. Overall Florida job growth was 21.2% from 2000-2006

Miami-Dade (6.8%) has one of the lowest unemployment rates in Florida (8.6%) as of January, 2009

10th Largest Recipient of direct foreign investment.

Several companies have their Latin American HQ offices in Miami, including UPS, FedEx, Discover Channel, HP, American Express, Avaya, IBM, HBO & Exxon

Florida has no state income tax and the sales tax rate is relatively benign (5.5%)

Other Notables:

More than 500 multinational corporations have offices in Miami-Dade County

61 foreign consulate offices are located in Miami-Dade County

25 foreign trade offices are located in Miami-Dade County

40 bi-national chambers of commerce operate in Miami-Dade County

Source: Beacon Council; Miami-Dade Government, State of Florida (www.beaconcouncil.com; www.miami-dade.gov)

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http://www.miami-dade.gov/

An Introduction to the South Florida MarketBusiness & Economics – Major Employers

TOP PRIVATE EMPLOYERS EMPLOYEES

Publix Super Markets 11,000

Baptist Health South Florida 10,826

University of Miami 9,874

American Airlines 9,000

Precision Response Corporation 6,000

AT&T 5,500

Winn-Dixie Stores 4,833

Florida Power & Light Company 3,900

Carnival Cruise Lines 3,500

Macy's Florida 3,368

Mount Sinai Medical Center 3,264

Miami Children's Hospital 2,600

Mercy Hospital 2,412

Wachovia, N.A. 2,229

Cordis (a Johnson & Johnson Company) 2,100

Royal Caribbean/Celebrity Cruises 2,000

Assurant Solutions 1,800

TOP PUBLIC EMPLOYERS

• Miami-Dade County Public Schools 50,000

• Miami-Dade County 32,000

• Federal Government 20,400

• Florida State Government 17,000

• Jackson Health System 10,500

• Miami-Dade College 6,500

• City of Miami 4,034

• Florida International University 3,132

• V A Medical Center 2,300

• City of Miami Beach 1,979

• City of Hialeah 1,800

• U.S. Coast Guard 1,220

• U.S. Southern Command 1,200

• City of Coral Gables 895

• City of North Miami Beach 738

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An Introduction to the South Florida MarketPast, Present & Future Outlook

Though population and job growth have slowed, they are forecasted to increase again beginning in 2010, further spurring future demand for housing

Source: The 2009 Fund Real Estate Forecast – Miami-Dade County (www.thefund.com)

23

An Introduction to the South Florida MarketAn International Market

Florida is the top destination for foreign

home buyers in the US

Miami – Fort Lauderdale accounts for

the largest share of foreign home

buyers in Florida (21%)

60% of foreign buyers pay cash for

their property purchases

81% of foreign buyers purchase for

use as a vacation home

12% buy for rental income purposes

46% of buyers in Miami-Fort

Lauderdale or from Latin America

Source: National Association of Realtors “2008 International

Home Buyers in Florida” (www.realtor.org)

24

The Real Estate Market in South FloridaA History of Pricing in Miami MSA

Miami-Dade median housing prices peaked in

December 2006

12/31/2006 = $398,641

By December 31, 2008, prices had fallen 41.25%

12/31/2008 = $234,200

Source: S&P/Case-Schiller Index (www2.standardand poors.com)

25

Year-over-year percentage (%) change in pricing for homes in Miami-Dade MSA area

The Real Estate Market in South FloridaSummary of Inventory & Pricing

Between 1963 and 2002, there were 11,517 total condominiums built in Miami.

Between 2002 to present 43,408 have been built or are currently under construction.

Of the 43,408 units, 25,552 have closed and 17,597 remain available

Population and tourism growth along with strong vacation home interest fueled the boom, along with lax lending standards and weak

local building regulations.

Inventory by Neighborhood (note, this denotes projects completed and closed since January 2003)

Neighborhood Total Closed Available

Brickell 8,786 4,097 4,689

Downtown 6,021 2,839 3,182

River /West Downtown 4,526 2,560 1,767

Biscayne/Midtown 5,097 2,837 2,260

Little Havana/Miami 541 121 420

Miami Beach 5,037 3,030 2,007

Sunny Isles/Aventura 5,189 3,811 1,378

Bal Harbor/North Bay Village 1,093 856 235

Coconut Grove/Coral Gables 2,757 1,779 890

Totals 43,408 25,522 17,597

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The Real Estate Market in South FloridaSummary of Inventory Available by Neighborhood – Miami-Dade County (East)

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The Real Estate Market in South FloridaSummary of Inventory Available by Neighborhood vs. Total Built Since 2003

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The Real Estate Market in South FloridaCondo Absorption Rates – Miami-Dade County

- New condo closings peaked at 20,100 in 2005.

-Sales fell 54% in 2008- While sales are projected to continue to be

slower in the coming four years, new condo projects starts are expected to be very few ,

thereby allowing absorption of remaining units and thereby further reduce supply.

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Source: Attorney’s Title Insurance Fund 2009 Real Estate Forecast) www.thefund.com (

http://www.thefund.com/

The Real Estate Market in South FloridaInventory Summary – Availability - Aventura, FL

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The Real Estate Market in South FloridaInventory Summary – Availability Brickell Neighborhood

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The Real Estate Market in South FloridaInventory Summary – Availability Coconut Grove/Coral Gables Neighborhood

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The Real Estate Market in South FloridaInventory Summary – Availability Miami Beach

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The Real Estate Market in South FloridaInventory Summary – Availability Downtown Miami

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The Real Estate Market in South FloridaInventory Summary – Availability Midtown Miami

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The Real Estate Market in South FloridaInventory Summary – Availability Miami River/West Downtown

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The Real Estate Market in South FloridaInventory Summary – Availability Sunny Isles/North Bay Village/Bal Harbour

37

The Real Estate Market in South FloridaInventory Summary – Availability Little Havana/Greater Miami

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The Real Estate Market in South FloridaProfile: Brickell , Downtown & Biscayne Neighborhood

Population is 161,563 (3 mile radius)

Median Age is 42

Population is 51% male / 49% female

Population is 45% Hispanic, 26% Mixed Race and 21% White

Brickell is a major financial center for all of Latin America

Major Employers are in Business Management, Finance, Computer,

Architectural, Legal, Healthcare or other service fields

Total Housing Units 65,058 (3 mile radius)

Average Household Income was $72,152 (3 mile radius)

Brickell has been an established live/work area for decades with the

corresponding infrastructure for shopping, retail, restaurants and other

quality of life enhancements

Downtown and lower Biscayne have seen immense development in the

past five years.

Carnival Center for the Performing Arts, American Airlines Arena,

Bayfront Park and many other amenities dot the landscape in this

densely developed area

Sources: Beacon Council, Miami-Dade Government, City of Miami & Loopnet.com (

www.beaconcouncil.com, www.miami-dade.gov, www.miamigov.com)

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Biscayne Corridor

Brickell

Downtown


http://www.miami-dade.gov/

http://www.miamigov.com/

The Real Estate Market in South FloridaProfile - Miami Beach

Population is 63,904 (3 mile radius)

Median Age is 43


Population is 54% Hispanic, 40%, White and the remaining

14% are primarily of mixed-race

Three main areas: South Beach, Mid-Beach and North

Beach

Major Employers are in Tourism, Retail, Real Estate, Legal

and Banking

Total Housing Units: 47,548 (3 mile radius)

Average Household Income was $102,426 (2008)

World –renown vacation destination with year-round

amenities

Three Golf Courses – two public and one private

More than 10 miles of public beaches along the Atlantic

Ocean

Source: US Census Bureau, www.city-data.com, City of Miami Beach

(www.miamibeach.com)

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Miami Beach

http://www.city-data.com/

The Real Estate Market in South FloridaProfile - Sunny Isles

Population is 33,830

Median Age is 46


Population is 59% White and 36% Hispanic

Significant Russian Population resides in Sunny Isles (known as Little

Moscow)

Major Employers are Retail & Tourism

Total Housing Units: 25,412


Number of housing units increased more than 200% since 2000 and

average prices have almost triples ($104,000 in 2000 vs. $292,247 in

2007)

Many of the new developments will provide vacation homes to

seasonal residents

Sunny Isles has more than 3 miles of public beaches along the ocean

Short drive to Bal Harbour Shops and Aventura Mall

Source: City of Sunny Isles, Miami-Dade County, www.city-data.com,

www.citytowninfo.com; www.sibfl.com; www.miamidade.gov)

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Sunny Isles


http://www.citytowninfo.com/

http://www.sibfl.com/


The Real Estate Market in South FloridaProfile - Aventura

Population is 25,267

Median Age is 49


Population is 75% White, 21% Hispanic

Major Employers are Retail, Real Estate, Office

Management and Banking

Total Housing Units: 20,020


Largest Retail Mall in Miami-Dade County is located in

Aventura

Source: www.city-data.com; , Miami Dade County (

www.miamidade.gov; www.citytowninfo.com)

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Aventura



http://www.citytowninfo.com/

The Real Estate Market in South FloridaPurchase Strategies - General Observations

Real Estate is usually all about location, so generally speaking better locations may present long-term

opportunities as prices tend to fall less and recover more quickly.

Better locations tend to have a built-in demand for property so there tends to be a ready supply of renters and

buyers over time.

Some neighborhoods are unique and cater to unique niches in the population, thereby insuring a steady supply of

renters and buyers and providing support for pricing

Generally, the more units in a property available, the greater discount can be negotiated as sellers (banks or

developers) are under greater pressure to liquidate al the inventory rather than just blocks of inventory. Also,

once the developer sells some units in a block at a discount, they generally set the market price for a property for

buyers in the not-to-distant future.

For buyers, the best case scenario is generally to purchase as much inventory as possible in any particular

building. In most instances, seeking buildings with more than 50% (and as close to 100% as possible) is most

effective and efficient as pricing reductions are greatest if the buyers purchases all the remaining inventory. Also,

buyers then control the market for the property and can better manage inventory and pricing

Smaller units tend to have higher rents per sq ft and are often better values in terms of leasing.

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The Real Estate Market in South FloridaPurchase Strategies

Purchase Note Directly from Lender Advantages

• Buy note and assume role of lender

• Notes normally already in default and foreclosure action may have been initiated by lender

• Ability to foreclosure liens off property at foreclosure (with exception of tax some government liens

(such as water and utility liens)

• Ability to then negotiate with borrower from a position of strength

• In most instances, this will be the most cost-effective strategy

Disadvantages

• Foreclosure may be needed thereby involving uncertainty and legal fees

• Borrower may file bankruptcy and potentially greatly slow the process of obtaining the asset

• Banks have been reluctant sellers and can take extraordinary time to make decisions

• Buyers may assume all warranty issues of developer if purchasing/assuming more than seven (7)

units

• If subcontractors remain unpaid, the may not honor standard warranties on their work

44


Short Sale of the Note Advantages

• Purchase property through owner (borrower) via the bank agreeing to price less than total outstanding

balance on the note

• Buyer assumes the property at closing

• Likely less costly (legal fees, opportunity costs, etc) than foreclosure

• Ability to execute sales and leasing programs immediately

Disadvantages

• Short sale does not eliminate liens from property

• Must work directly with what can be very reluctant to non-cooperative sellers

• Banks can delay the process for very long periods of time


units

• Price may be somewhat higher than an outright purchase of the note

• If subcontractors remain unpaid, the may not honor standard warranties on their work

45


Direct Purchase from Developer Advantages

• Buyer assumes property (units) at closing

• Time to purchase is generally not as long as banks are generally not involved and do not delay the

process

• Can select units to purchase rather than buying all the inventory in a specific property

• Generally, all subcontractors have been paid in full so they may honor warranties on their work

Disadvantages

• Discounts tend to be smaller than with note purchases or short sales

• Usually, a limited number of units are available as all others have generally closed

• Buyer competes with all other unit owners in terms of sales and rentals


units

46


Direct from Bank (REO)

Advantages

• Buyer assumes control of property at closing

• Liens have generally been dismissed or otherwise addressed

• Property has generally been maintained and, at times, leased

Disadvantages

• Banks can be challenging to work with on pricing and closing terms

• Competition can be strong as the banks generally entertain many suitors for properties


units

• Currently, many properties are sold via Note Purchases or Note Short Sales and are therefore not

being foreclosed upon by Lenders. As such, many properties are not reaching the REO stage before

being purchased by investor(s).

47

The Real Estate Market in South FloridaExit Strategies

Buy & Hold Strategy• Rental of Units for Period of Time

• Cash Flow and Capitalization Rate will be determining factors

• Strategy can be applied to intact buildings (no closed units) or to condo buildings that have closed units

• Intact properties can be reconverted from condos to apartments to decrease operating costs, including taxes,

insurance and management

• Building can be reconverted and sold as individual condos or sold in its entirety as a multi-family property

Advantages

• Consistent cash flow performance over time

• Maximize expense savings when intact buildings converted from condo to apartment building

• Ability to sell individual units or entire building when market improves

Disadvantages

• Purchase prices tend to be low for lenders as many investors tend to under value the discount between

wholesale and retail pricing

• Overall returns may be affected if the rental market remains soft for a longer period of time than anticipated

48


Buy, Flip & Finance Purchase of units at wholesale pricing and immediately placing them back on the market at retail price

Upon sale of a unit, the investor provides financing for a certain percentage of the sale price (50% to 80% LTV)

Investor holds debt for a period of time (2 to 5 years expected) in anticipation of normal credit market operations in

the next 12 to 24 months

Some units that are more challenging to sell may be held back and leased for long-term sale

Advantages

Opportunity to exploit price differential between wholesale and retail pricing structures

Investor is able to gain back portion of investment quickly and use funds for alternative investments

Any units that do not sell and are rented will have a lower cost basis and higher overall rental ROI because of the

profits from unit sales will reduce the overall investment basis for these remaining units.

Disadvantages

Sales made within 12 months of purchase will be taxed at higher rate than longer term capital gains

Units may be challenging to sell in the present market, even with financing provided

The overall return may be somewhat negatively affected by the amount and length of time paper is held by the

investor

49


Hybrid Model Rental of certain units and sale of other units

Often, this is the most effective exit strategy for many Miami condo projects with current availability

Many buildings have units that will not necessarily be appropriate to rent such as penthouses and particularly

large floor plans that can often be sold for considerable profit above the wholesale price of the unit. Those same

properties likely have many units in desirable locations that could be leased profitably

Advantages

If larger, more profitable units are sold quickly, profits can be taken our and exposure reduced to the overall

property

Remaining cost basis for units would thereby be reduced and the rental model would work much more effectively

Disadvantages

Some properties in marginal neighborhoods would not fit this model

Financing by investor may be needed to liquidate some units which may restrain overall return over time

50

The Real Estate Market in South FloridaSolutions RE Services

Initial Consultation / Target ID,

Purchase & Exit Strategy Formation Identify Types of Properties that fit investor

profile

Review current opportunities and look toward

future targets

Evaluate Risk / Reward Scenarios

Evaluate Investor Risk Tolerance

Evaluate Purchase Strategies

Evaluated Exit Strategies

Financial Modeling, Comparable

Reports, End User Profiles Evaluate Properties based upon performance

in financial models

Review Comparable Reports

Evaluated End Users and how they may

effect Purchase and Exit Strategies

Review Inventory for Neighborhood and time

frame for divestment

Determine appropriate price level for

purchase

Preparation of Letter of Intent / Purchase

Contract

51


Design Build Features Review Exit Strategy to determine appropriate

material for flooring, closets, window treatments

and other items to ensure / enhance long-term

value

Retain Licensed Contractor to complete work

including necessary government permits

Manage work to insure quality and efficiency in

delivery of unit(s)

Monitor that all payments are made to vendors in

order to insure no liens are placed on units

Leasing Plan and initiate marketing plan to promote

and drive traffic to property

Promote property to cobrokers via sales

meetings, open houses and other events to

showcase the property

Provide agents (onsite if need be) to show

units

Prepare and review Lease contracts

Collect required deposits and rents

Perform background and credit checks

Obtain Condominium Association approval for

rents (if necessary)

52


Lease-to-Own Programs Expand pool of available buyers by tapping

into renters in property as well as those

renting in other area propeties

Encourage renters to consider purchasing the

units within a defined period of time

Provide down payment support via carve-out

from rental payments

Work to get property FHA approved

Lock in prices for period of time for renters to

encourage conversion to sales

Property Management Partnership with Advenir, with more than

5,000 units under management

Full Service Management for all units held

Assist with condominium association

management (if requested)

Provide onsite personnel to manage day-to-

day operations of the property

Annual Budgets with month reports on

Occupancy, operating income and balance

sheet

Full Service Accounting, including property

tax filing, for property

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Sales Complete a sales plan for the property at time of purchase (Exit Strategy)

Direct design of sales showcase and sales model/s

Provide a dedicated team to work specifically on sales and leasing for the property

Provide or direct marketing plan to promote leasing and sales both in short and long-term

scenarios for national and international clientele

Sales plan will be tailored to take advantage of optimal sales times and will be adjusted to

the changing economic environment

Sales may be commercial or residential depending on the particular property characteristics

54

Thank You

55

a perspective on south florida real estate opportunities solutions re, llc

Documents

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llca perspective

miamidade county

popular tourism destination

past decademiamidade

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job growth