PARKMONT IMPACT INVESTMENTS PARTNERSHIP.
Residential & Commercial Real Estate Assets Urban Neighborhoods & Town Redevelopment Centers
New York Tri-State Region
For General Information Only
138 West 25th St., 11th Floor, New York, NY 10001
73 Washington St., Suite 100, Bloomfield, NJ 07003
Tel: (646) 448-0780 / (973) 250-5468
www.parkmontcapital.com
Registered Investment Adviser
Court-appointed Receiver NJ&NY
Licensed Real Estate Broker NJ&NY
Peter M. Amari, PresidentParkmont Capital, LLC
Established in 2005
Parkmont Impact Investments Partnership
Equity & Debt Capital Invested in Real Estate Assets
Impact Investments in Urban Neighborhoods and Town Centers
� Impact Investments in real estate in the highly urbanized New York and Northeast Corridor
take place in city neighborhoods and town redevelopment centers. They consist of equity
and debt deployed into affordable housing and mixed use properties: upgrade and
stabilization of one-to-four family homes, multifamily residences, retail centers; adaptive
reuse of obsolete and unused office and industrial properties by conversion to beneficial
uses in business expansion, education and training, health and fitness facilities. Impact
investments deliver tangible benefits to investors and communities: satisfactory returns
on capital employed, value added in housing, services, businesses and employment.
� Impact investments thrive on private sector practices: acquisitions at economic value,
prudent financial structures, and efficient management. They deliver a triple bottom line:
(1) principal payback and satisfactory returns to investors in a medium term cycle; (2)
beneficial uses that sustain services, businesses and employment; (2) environmental
benefits via green and efficient standards in physical upgrades and in redevelopment.
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Parkmont Impact Investments Partnership
Impact Investments in Urban Neighborhoods & Town Centers
Equity & Debt Capital Allocations to Real Estate Assets
Investment Cycle: ‘Buy - Build - Manage - Realize Value’.
Management Parkmont , as managing partner, and impact investment + private equity anddebt partners, to ‘acquire, build-up, manage, and realize value’.
Allocation $1M-to-$5M per transaction with 1:1 / 2:1 debt/equity. $10M-$25M deployments can be realized via bundled purchases and staggered build-up projects.
Market Single and multi-family, mixed use retail, urban college student housing, medical& professional office, and more uses beneficial to businesses and communities.
Region New York Tri-State urban and commuting centers; and, selectively, urban andmetro centers near transportation nodes along the Northeast Corridor.
Impact Investments deliver upgrades in housing, shopping, and primary services of food, health care, banking, and employment in a medium term investment cycle.
Value Investment partners earn current income + realized value for a 12-15% IRR.Managing partner realizes value through sale/recap with funds and institutions.
Portfolio Partners can build-up a portfolio of impact investments with participation byinstitutional investors, and sustain continuing growth in new assets and projects.
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Parkmont: Managers - Financiers - Builders - Owners.
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Parkmont Capital LLC, a real estate finance, investment and managementfirm, acts in partnership with Safeguard Realty Management Inc., a propertymanagement company in New York with 20 years of activity in Manhattanand the boroughs for multifamily, office, and retail assets. Peter M. Amari ispresident of the JV company based in Bloomfield NJ which manages thegrowth in receiverships and assets under management in NJ-CT-PA.
The JV partnership provides integrated asset and property management,leasing and brokerage services: rents, payments, reporting, accounting,sales. Jointly, the two companies manage more than 100 properties andcontinue to add assignments working with lenders, attorneys, and brokers.
Peter M. Amari, President
Safeguard Realty Mgt. NJ, LLC / Parkmont Capital, LLC
Property Management / Real Estate Finance / Private Equity
Registered Investment Adviser, Court Appointed Receiver
Licensed Real Estate Broker, States of NY and NJ
N.J. Office: O: 973-658-5255 / F: 973-771-504873 Washington St., Suite 100 Bloomfield, NJ 07003
N.Y. Office: O: 646-734-6678 / F: 646-304-5980138 W. 25th St., (11th Fl) New York, NY 10001
Receivership & Property Management PartnershipNew York Metro
Multifamily - Retail - Office
Parkmont Impact Investments Partnership
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IMN FORUM - Day Two: Friday, June 4, 2010
MULTIFAMILY RENTAL INVESTMENT PANEL
Peter M. Amari, President Parkmont Capital, LLC
Parkmont Market View on Multifamily Investments (PDF)http://www.parkmontcapital.com/images/IMN_RE-PE_Forum_NYC_-_MultifamilyPanel_-_June3-4_10_--_Composite.pdf
Parkmont Impact Investments Partnership
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Multifamily assets suitable for impact investments upgrade and stabilization.
Sample of properties held under management - New York Metro.
Parkmont Impact Investments Partnership
Multifamily Affordable Housing New York Metro
Investment Rationale and Value Creation
� Investment. $1 to 5M to acquire multifamily urban properties of 10-50 units
and up to 100 units in larger assets to $10M. Properties are typically high rise,town houses, brick, and brownstone walk-ups.
� Rationale. Focus on properties that are in distress, receivership, foreclosure,
or REO by banks. Acquire notes or properties at economic value in respect ofneighborhood, upgrade requirements, sustainable rental rates.
� Strategy. Upgrade physical structure: lighting, boilers, roofs, etc. Renovate
interior of apartments with upgraded fixtures, ceilings, floors, walls etc. Leaseup at market rates for the neighborhood and community.
� Value. Utilize available public sector funds in energy efficiency and retrofits.
Stabilize rental income for apartments and ground retail in line with recurrentexpenses in utilities and in debt payments (if any). Manage asset(s) to fulloccupancy and retention. Refinance or sell in 1-2-3 yrs. for 10-12-15% IRR.
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Parkmont Impact Investments Partnership
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Single-family assets suitable for impact investments upgrade & stabilization. Sample of properties held under management - New York Metro.
Parkmont Impact Investments Partnership
1-4 Family Affordable Housing New York Metro
Investment Rationale and Value Creation
� Investment. $1 to $5M to build-up portfolio of 1-4 family homes in urban
neighborhoods and metro communities. Properties are typically 40-75 yearold row homes, converted single family, and single family ready for upgrades.
� Rationale. Focus on properties in distress, receivership, foreclosure, or
REO by banks. Acquire notes or properties at economic value in respect ofneighborhood, upgrade requirements, and sustainable ownership costs.
� Strategy. Upgrade physical structure: exterior improvements to roofs, walls,
driveways; interior improvements to ceilings, kitchen, bath, lighting, heating,etc. Stabilize home ownership in line with affordable total costs.
� Value. Utilize available public sector funds in energy efficiency, retrofits.
Upgrade & stabilize home(s) in line with total ownership costs of upkeep andmortgage payments. Manage asset(s) through stabilization. Refinance or sellin 1-2 yrs. for 10-12-15% IRR, or hold in portfolio for a longer term.
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Parkmont Impact Investments Partnership
Impact Investment in Urban Neighborhood
Pennington Shopping Center, Trenton, NJ
$6.2M Acquisition & Management by Parkmont Capital, LLC, 2007
Property Acquired by Parkmont Capital LLC with NDC Capital (NYC)
as equity partner and Morgan Stanley as debt partner
Parkmont is managing partner for investment, finance, management, and value realization
http://www.parkmontcapital.com/realestate/transactions.html
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Parkmont Impact Investments Partnership
Pennington Shopping Center -- Trenton, NJInner City Neighborhood: lease-up to tenants in banking and local services to deliver ready access to community of new affordable housing units built around Center.
Investment Rationale and Value Creation
� Investment: 60,000 sq. ft. local shopping center built in 2003 at $6.8Mcost; additional ½ acre developable lot included; vacancy rate is 10%;200 new apartment units around the center.
� Rationale: underserved city neighborhood; purchase price below build-out cost; stable tenants; vacant store--lease at market rates; land parcelfor development of additional 3,500 sq. ft.
� Strategy: invest in site safety & cleanliness; improve tenant mix (e.g.,bank branch, pharmacy); lease vacant parcel to single tenant; controloperating costs via efficient management.
� Value: anchored by a supermarket, the Center is ahead of pro-forma withcurrent income payments to investors. Vacancy is low and stable, withnew affordable housing all around. Hold up to 5 years with new tenantsand new affordable housing completed. Expected IRR: 18-20%.
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Parkmont Impact Investments Partnership
Parkmont Team
� Managing Director
Peter Amari, President
Parkmont Capital, LLCRegistered Investment AdviserCourt-appointed ReceiverAsset & Property ManagerLicensed real estate broker
www.parkmontcapital.com
� Frank Belgiovine (Project Construction and Completion)
� David Hellman (Site Development and Management)
� Vincent Amari (CFO, Private Equity, Capital Markets)
� Kristen Ford (Single-family Assets, Note Purchases)
� Donn Reinelt (Fund Allocations, Investor Relations)
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Parkmont Impact Investments Partnership
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PARKMONT TEAM
� Peter Amari has 30 years of experience in real estate finance, investment and management.
As an executive with Chase Manhattan and other large banks, he underwrote project loans for
major developers in the US and managed a portfolio in excess of $1B. As an executive on Wall
Street for real estate capital markets, he financed net lease projects at an investment firm that
first developed net lease finance & securitization. He has complementary experience in public
sector real estate finance as a director in the U.S. HUD Program in NJ for multifamily and mixed
use projects in urban sites. M.A. in Urban & Regional Planning at Rutgers University.
� Frank Belgiovine has built 2.5M sf of residential, commercial, and educational space In his
30 years of experience in the New York Metro and Pennsylvania region. He has built as general
contractor and as developer with green certification; he has acted as consultant and as manager
to private and public sector projects for commercial and institutional owners: developers,
banks, architects, government agencies, and educational institutions. He holds an extensive
network of contacts via the construction and supply industry, commercial brokers in the private
sector, county and municipal officials in the public sector.
� David Hellman has 25 years of experience in real estate for shopping centers and mixed use
residential assets. As Director of Acquisitions with Pasbjerg in NJ, developer and owner of 1.3M
sf. shopping center portfolio, he managed project development & completion: site selection and
acquisition through negotiations, due diligence, and finance. He has navigated successfully
government approvals and utility agreements, and selected project design and development
teams. He has access to projects, developers, and investors in New York and Pennsylvania.
David holds a B.S. in Management from the Business School at Seton Hall University.
Parkmont Impact Investments Partnership
PARKMONT TEAM
� Kristen Ford has nearly 15 years of experience in residential real estate and in financial
planning: co-investor and portfolio manager in 1-4 family homes; financial planner for liquid
investments and asset allocation. She is founder of Shaman Financial LLC, a start-up fund for
purchase of distressed notes and bank REO to sustain home retention: experienced in the
practices of acquisition, monetization and disposition specific to 1st and 2nd mortgage notes.
Worked as financial planner at Lincoln Financial in CA and Wachovia Securities in NJ. Studied at
Cal Berkeley and Cal State S. Francisco; B.S. College of Business, Finance.
� Vincent Amari has 30 years of experience in finance as analyst, banker, and adviser: project
finance, growth capital, bank debt underwriting and loan portfolio management. He is a Chartered
Alternative Investment Analyst: private equity, real estate, and structured finance. With Parkmont
he acts as CFO and positions the firm as catalyst and partner in acquisitions and development
projects. Worked on the line at Chase Manhattan Bank for 10 years in US Corporate and Europe
Institutional Groups; attended NYU GBA for an advanced program in corporate finance & security
analysis. PhD in Modern European Languages at Columbia University.
� Donn Reinelt has 30 years of experience as a business consultant and strategist to
institutional investors, family offices, endowments and foundations. As a Chartered Alternative
Investment Analyst he specializes in private equity, real estate, hedge funds and indexes and
focuses on capital allocations. In investor relations, he focuses on operating effectiveness of
investments with risk mitigation in for-profit funds, and on the alignment of mission &
investments in not-for-profit sector funds. Donn holds a BS in Civil Engineering from the
University of Michigan and an MBA in Finance from the University of Chicago.
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Orange NJ
Reade Street, NY27th Street, NY 137th Street, NY
Charles Street, NY
Parkmont: Managers, Financiers, Builders, Owners.
Bayonne NJ
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MULTIFAMILY
Trenton NJ
Oradell, NJ
Holland, MI
Hazlet, NJ
PARKMONT: Financiers, Managers, Builders, Owners.Commercial – Office - Development
New York Metro Development 16
Parkmont Impact Investments Partnership
� The Parkmont Partnership invests $1M to $5M per transaction with 1:1 / 2: 1 debt/equityratio: one-to-four family homes, multifamily residences, retail centers, and special useassets beneficial to communities and businesses in a medium term investment cycle.$10M-$25M deployments are feasible via bundled purchases and staggered build-upprojects. Investment partners earn current income + realized value for a 12-15% IRR in amedium term cycle. Managing partner realizes value via sale or recapitalization.
� Parkmont as managing partner holds a proven track record in working with impactinvestment and smart growth real estate: acquisitions and ownership; finance andinvestment; construction and completion; management and sale. Investment andexecution practices integrate acquisitions on economic value, equity+debt finance withlow leverage; green upgrades and redevelopment; hands-on management responsiveto investors and to community; cash flows and value realization.
Parkmont Impact Investments Allocations & Execution
Investment Allocations to Residential & Commercial Real Estate
City Neighborhoods and Town Centers
New York Tri-State Region
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