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8/14/2019 Invest Miami Presentation Deck
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Invest Miami
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1. Whats Happening in Miami?
2. Miami Real Estate Outlook
3. The Project: NINE at Mary Brickell Village
3 Parts Presentation
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MIAMI
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MIAMI
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BEACHES
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ARTS & CULTURE
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SHOPPING
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NIGHTLIFE
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CHAMPIONSHIP SPORTS
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DIRECT FLIGHTS
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WELCOME MIAMI 2020
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MIAMI INFRASTRUCTURE PROJECTS
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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Transportation Infrastructure
Airport Rail Connection
Connection to Downtown / MIC (2013):- Metrorail, Tri-Rail, Metro Mover, Metro Bus,
Greyhound, Amtrak & Taxis / Rental Cars
The overall Airport reached a $6.4 Billions
capital improvement now 90% completed
Infrastructure Projects I
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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Transportation Infrastructure
Tunnel + 50 Foot Dredge (2014) - $1 Billion- 180,000 Jobs
-18 Billion to local economy
- # 1 Cruise Port in the World (4.3M)
- #1 Container Port in Florida
- Multi transportation Connection
- Upgrade Rail System ($23M)
- New Revenue Sources
Port of Miami Tunnel
Infrastructure Projects II
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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New Museum District 29 Acres - (+$520M)
Infrastructure Projects III
S
C
I
E
N
C
E
M
U
S
E
U
M
2
0
1
4
A
R
T
M
U
S
E
U
M
2
0
1
3
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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New Entertainment Projects
New Marlin Baseball Stadium - $515M
- Completion: Mid 2012
- Capacity: Approx. 37,500
- Use: Baseball + Multi-use
Infrastructure Projects IV
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Infrastructure Projects IV
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
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Mega Entertainment Projects
Mega Yacht Marina
Watson Island Mega Yacht Terminal
Infrastructure Projects V
- US$480 million complex on Watson Island
- 50-slip mega-yacht marina
- Capable of handling boats up to 465 feet long
- 2 high-rise hotel towers, shopping and restaurant
space, a museum and a park
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELLCITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
f j
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Mega Entertainment Projects
U$ 3 Billion Project- 6 Towers, 50 Restaurants
- Marina & Casino (AP)
Genting Resort World Miami
Infrastructure Projects IV
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Miami
MegaYACHT
MARINA
GENTING
RESORT
WORLD
BRICKELL
CITY
CENTRE
AIRPORTRAIL
Connection
PORT OF
MIAMI Tunnel
New
MUSEUM
DISTRICT
New MARLINBASEBALL
STADIUM
Miami Infrastructure Projects
I f t t P j t VI
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New Entertainment Projects
Brickell City Center - +5.5M Sqf.
$1.05 Billion Investments Swire Properties
9 Acre Project + 0.98 Acres (Northern Trust)
Retail: 550.000 Sqf. / Office: 925.000 Sqf.
Condos: 755 Hotel Units: 290 Rooms
Parking: 1,300 (underground) + 2,700
Infrastructure Projects VI
Economic Impact:
Approximately US$1 billion in overall economic impact
Approximately 1,700 construction jobs on average per
year for four years
Approximately 3,700 direct jobs and 2,500 indirect jobs
after construction completion
US$5.4 million in ad valorem taxes for the City of Miami
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Recovery Fundamentals
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Floridas strong underlying fundamentals shall lead to a medium / long term recovery:
High Growth
Population
Floridas population grew 14.2% during 2000-2007. That is, twice the national average growth of
7.2%. With 18M residents it is the 4th most populated state in the US. In 2015 it shall be the 3rd
after California and Texas.
High
immigration
Rate
Every day, more than 1,000 new residents move to Florida from other States, representing over
365,000 new immigrants per year. Local and International immigration are very important for
Florida. Immigration is based on Tax Advantages, Cost of Living Weather Conditions and Lifestyle.
Strong and
growing
economy
Floridas economy is ranked 14th in the world and the 8th in the Americas. Miami is the financial
and commercial capital of Latin America with over 125 Int. Banks. FL main trading partner withCentral America, Caribbean and Latin America.
World-wide
tourist
destination
Tourism is still an important boost for South Floridas economy, generating several billion dollars a
year for the region. South Beach receives over 18M and Orlando over 50M visitors per year. Miamis
Airport receives over 35M passengers per year being the #1 entry port of foreign nationals.
Foreign capital
inflows
Tens of thousands of Latin Americans and Europeans continue to acquire real estate in Miami as a
second residence or for investment purposes. In the coming years, it is expected that sales of
condominiums to foreigners will increase as many will take advantage of the weak dollar and falling
real estate prices.
Tax advantages Florida possesses several tax incentives relative to other States, given that there are no State Taxes
or City Taxes. This may represent up to 14% in savings of total rental revenue compared to other
states, such as New York or California.
Recovery Fundamentals
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MIAMI REAL ESTATE OUTLOOK
Miami Real Estate Price Index
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Miami Real Estate Price Index
(Nov 06) 280.30
Supply Completion Profile
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Supply Completion Profile
Resale Market Recovery
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Resale Market
Source: South Florida Business Journal
Resale Market Recovery
Market Recovery
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Source: Downtown Development Authority
Market Recovery
Positive Signs in the Market
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POSITIVE SIGNS IN THE MARKET
Total Absorption: 12,064
928 Units per Quarter
Source: Downtown Development Authority
Positive Signs in the Market
Pre-Construction
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Source: L3 Investments Market Report
667 Units per Quarter
POSITIVE SIGNS IN THE MARKETPre Construction
30Y Fixed Mortgage Rate
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Max. 8.5% in 1995 (last twenty years)
POSITIVE SIGNS IN THE MARKET30Y Fixed Mortgage Rate
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MIAMI:THE SURROUNDING AREAS
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THE PROJECT:NINE AT MARY BRICKELL VILLAGE
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POSITIVE SIGNS IN THE MARKET
The Project
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PROJECT INFORMATION
Condo Name : 9 Nine at Mary Brickell Village
Neighborhood : Brickell Downtown Miami
The Address : 999 SW 1st Ave Miami, FL 33130
Developer : LYND
Equity Partners : Starwood Capital and BlackrockSales Agent : Fortune International
The Architect : Behar Font & Associates, PA
Features : Freehold Property
Estimated for Completion : Summer 2014
Number of Stories : 34
Number of Condo Units : 390
Condos Unit Type : 1, 2 and 3 Bedrooms + Penthouses
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WEST
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EAST
WEST
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EAST
SOLD
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SOLD
EAST EAST
EAST
(Facing Amenities Deck
& Water + Morning Sun)
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SOLDSOUTH
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Open View + Sunset
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SOLD
EAST
WEST
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TYPE 09 (1 Bedroom)
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TYPE 09 (1 Bedroom)
Large Balcony
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SOLDNorth
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Open View + Sunset
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SOLD
EAST
WEST
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Sales Comparable
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ECHO BRICKELLBOND BRICKELL
Proposed Structure
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U.S. LimitedLiability Company
Foreign Investor
100% Cash
(To purchase property)
Purchase Life Policy for 55%of Property Value
(To protect inheritance tax)
35% Cash
(To purchase property)
65% Mortgage
(To purchase property)
Financing For Foreigners
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Finance up to 65% for loan amount up to US$1,500,000Finance up to 60% for loan amount up to US$3,000,000
15 year fixed rate mortgage starting at 3.75% p.a.
30 year fixed rate mortgage starting at 4.50% p.a.Floating rate mortgage starting at 2.75% p.a.
Property Management
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Property Management Fee US$100 per month
~ 4.55% on Gross Rental Income
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NINE Upfront Costs
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Cost Items Description Percentage %
Non-Mortgage Related Cost Title Search & Insurance, Stamp Duty, Legal Fee,
Escrow Charges & etc
~1.20%
Mortgage Related Cost Mortgage Application Fee, Mortgage Recording
Stamps & etc
~ 1.50%
Furniture & Fittings None needed / Negligible ~ 0.00%
Upfront Cost (payable by buyer):
~2.70%Total
Nine Reasons to Buy NINE
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1. Completion in less than 1 year (August 2014)
2. Down payment structure only 30% deposit
3. Rent Ready Units vs. Decorator Ready Units
4. Location
5. Price (low PSF compared to other Brickell developments)
6. Amenities
7. Ownership (Freehold)
8. Low Completion Risk (already in construction)
9. Competitive financing available (up to 65% LTV)
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(Nov 06) 280.30
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(Nov 06) 280.30
Miami Real Estate Price Index
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(Nov 06) 280.30
Important Messages
Disclaimer
You acknowledge that: (i) the information contained in this document and such other material issued in connection therewith (the Content)are provided
for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii)
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for information purposes only and will not be regarded as advice on securities or collective investment schemes or other financial or investment advice; (ii)
the Content is not intended for the purpose of advice, dealing or trading in securities or collective investment schemes; (iii) the Content may include
certain information taken from property surveys, stock exchanges and other sources from around the world; (iv) the Content is provided on an as is
basis and by way of a summary and we do not guarantee the accuracy, completeness, or timeliness of the Content; (v) the Content may be subject to the
terms and conditions of other agreements to which we are a party; (vi) none of the information contained in the Content constitutes a solicitation, offer,opinion, or recommendation by us to buy or sell any security, or provision of legal, tax, accounting, or investment advice or services regarding the
profitability or suitability of any security or investment; (vii) you should not rely on the Content as the sole means of making any investment decision
relating thereto and you should seek professional, independent and specific advice on any such investment decision; (viii) the property market is volatile
and illiquid and property prices and rental yields may fluctuate widely or be affected by a broad range of risk factors; (ix) all plans and specifications in the
Content are intended as a guide only and are subject to such variations, modifications and amendments as may be required by the relevant authorities or
the relevant developers consultants or architects; (x) all renderings and illustrations in the Content are artists impressions only and all measurements
are approximate subject to final survey and confirmation; (xi) the Content is not intended for use by, or distribution to, any person or entity in any
jurisdiction or country where such use or distribution would be contrary to law or r egulation; and (xii) the Content has not been authorised or approved by
the Securities and Futures Commission of Hong Kong or any regulatory body of competent authority whether in Hong Kong or elsewhere.
Accordingly, you assume all responsibility and risk for reliance upon and the use of the Content and, we, our agents, advisors, directors, officers,
employees, representatives, successors, and assigns expressly disclaim any and all responsibility for any direct or consequential loss or damage of any
kind whatsoever arising directly or indirectly from: (i) the use of the Content, (ii) reliance on any information contained in the Content, (iii) any error,
omission or inaccuracy in any such information including, without limitation, financial data, forecasts, analysis and trends, or (iv) any action or non-
performance resulting from the foregoing. This exclusion clause shall take effect to the fullest extent permitted by applicable laws.
Professional Advice
Any statement contained in the Content is made on a general basis and we have not given any consideration to nor have we made any investigation of
the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You are advised to make
your own assessment of the relevance, accuracy and adequacy of the information contained in the Content and conduct independent investigations as
may be necessary or appropriate for the purpose of such assessment including the investment risks involved. You should consult an appropriate
professional advisor for legal, tax, accounting, or investment advice specific to your situation, as to whether any governmental or other consents are
required or if any formalities should be observed for the purposes of making such investments as are mentioned in the Content. If you are unsure about
th i f f th i f ti t i d i th C t t l lt fi i l th f i l d i
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