LYND Development Partners

LYNDDEVELOPMENTPROFILE

2 ENERGY THOUGHTFUL INNOVATIVE TRANSPARENT MOTIVATED PASSIONATE TRUST FUN STRATEGIC

SHOW MARKET COVERAGE HERE? e Quarry Village

$1.6 BILLIONMULTIFAMILYTRANSACTIONS

35,000

UNITSMULTIFAMILYMANAGED

20,000 +ACQUIREDUNITS

16 STATES

50 METROS

3ENERGY THOUGHTFUL INNOVATIVE TRANSPARENT MOTIVATED PASSIONATE TRUST FUN STRATEGIC

TABLE OF CONTENTS

About Us:

Recent Dispositions:

Upcoming Dispositions:

Current Portfolio:

Architecture, Amenities & Interiors:

Sponsor:

4

5-16

17-20

21-27

28-38

39-41


ABOUT US

LYND Development Partners is a seasoned, full-service real estate fi rm with extensive experience in all facets of multifamily development. LYND’s goal is to develop well-executed, high-end projects. The LYND development philosophy is a team-based approach with heavy participation from all levels of the executive and affi liated property management teams,including func-tions of design, amenities, aesthetics and fi nish buy-out. LYND is more loca-tion driven and selective than many of its peers, thus opting to develop few-er projects while focusing on delivering a higher quality of execution. LYND believes this philosophy leads to higher level of profi tability and better risk management.

In addition to specializing in urban, high-rise development, LYND is active in the development of select garden, wrap and podium projects in special locations. Over the last seven years, LYND has developed approximately $500M in new developments in San Antonio, Chicago, Denver, Miami, and Austin. LYND strongly believes that our initiatives provide an opportunity to take a diversifi ed approach to investing in the development of residential assets.


PROJECT OVERVIEW

Units: 224

NRSF: 237,000

Completed: 2016

Date Disposed: 2016

IRR: 53%

JOULE 1000 SPEER, DENVER, COLORADOJoule is located in the vibrant and artsy Golden Triangle area just to the south of the downtown Denver Central Business District, the submarket is characterized by an older, more mature renter profi le with a higher level of disposable income. With a Walkability Score of 95, the development sits on the south end of the pedestrian-friendly Golden Triangle at the intersection of 10th Street and Speer. Joule is just minutes from downtown, Cherry Creek, I-25, the Denver Center of Performing Arts, and the Denver Art Museum and off ers unobstructed views of the Rocky Mountains to the west and panoramic downtown views from the north end of the building.

RECENTLY SOLD - JOULE


JOULE, Denver, Colorado


JOULE


EnV CHICAGO - High-Rise of the Year 2011, Multifamily Executive


RECENTLY SOLD - ENV CHICAGO

ENV CHICAGO 161 W. KINZIE, CHICAGO, ILThe LYND Development Partners’ fi rst venture into high-rise development, EnV Chicago, was delivered in downtown Chicago in 2010. EnV Chicago instantly became one of the highest grossing for rent buildings in the city, exceeding the market average by over 10%. EnV, located one block off of the Chicago River, in the trendy and energetic River North district, consists of 249 units, 27,000 square feet of retail space, and multi-level structured parking. The LEED Certifi ed building is highly amenitized and includes a rooftop swimming pool and 7th fl oor outdoor green deck with a fi re pit. The residential units feature stainless steel appliances, exposed duct work, solar window shades, bamboo fl ooring, granite countertops, and tiled backsplashes. The building sits directly adjacent to Chicago’s “L”and possesses a Walk Score of 97/100 and a Transit Score of 100. EnV Chicago won Multifamily Executive’s highly coveted 2011 High-Rise of the Year award and was sold to an institutional investment fi rm in December 2011.

PROJECT OVERVIEW

Units: 249

NRSF: 248,543Completed: 2010Date Disposed: 2011

IRR: 31.0%


EnV CHICAGO


SHOW MARKET COVERAGE HERE? e

EnV CHICAGO


NINE, Miami, Florida


RECENTLY SOLD - NINE AT MARY BRICKELL VILLAGE

PROJECT OVERVIEW

Units: 390

NRSF: 467,269Completed: 2015Date Disposed: NA

IRR: 37%

NINE AT MARY BRICKELL VILLAGE 999 SW 1ST AVENUE, MIAMI, FLORIDANINE is a 390-unit luxury condominium high-rise located off Brickell Avenue in the heart of the fi nancial district of Miami, Florida, and adjacent to the vibrant entertainment district of Mary Brickell Village. The development starts on the 4th fl oor and continues up 34 stories and rests over occupied retail (Publix Super Market and LA Fitness). The retail and parking garage were delivered in 2006. Over 200,000 square feet of retail and restaurants are located at the base of the building, providing convenient shopping and dining, including several successful restaurants that create a lively and vibrant atmosphere. Equity was provided by California State Teachers’ Retirement System through BlackRock as their advisor, with a construction loan from Wells Fargo.


NINE AT MARY BRICKELL VILLAGE


THE BOWIE311 BOWIE, AUSTIN, TEXASThe Bowie is located in the heart of downtown Austin, Texas, along the banks of Shoal Creek. The mixed-use tower consists of 4,000 square feet of ground fl oor retail, a six-story parking garage on fl oors 2-7, a total of 42,000 square feet of offi ce space on fl oors 8 and 9, and 358 ultra-luxury for rent residences on fl oors 10-35, with an average unit size of 1,010 square feet. The 36th fl oor rooftop features an expansive 7,000 square foot deck with an infi nite edge swimming pool. Due to the location and height of the building, the majority of the units possess unobstructed views of downtown, Lady Bird Lake, the Hill Country, and/or the State Capitol. The tower received LEED certifi cation and includes top-of-the-market fi nishes and amenities. Equity was provided by L&B Realty Advisors on behalf of the State Board of Administration of Florida.

UPCOMING DISPOSITIONS - THE BOWIE

PROJECT OVERVIEW

Units: 358

NRSF: 362,000

Status: Leasing


THE BOWIE


CURRENT PORTFOLIO - LYND AT GREENHOUSE

LYND AT GREENHOUSELYND AT GREENHOUSE20402040 GREENHOUSE ROAD, HOUSTON, TEXAS GREENHOUSE ROAD, HOUSTON, TEXAS


LYND AT GREENHOUSE


CURRENT PORTFOLIO - LYND AT THE RIM

LYND AT THE RIMLYND AT THE RIM58185818 WORTH PARKWAY, SAN ANTONIO, TEXAS WORTH PARKWAY, SAN ANTONIO, TEXAS


LYND AT THE RIM


CURRENT PORTFOLIO - LYND AT INDUSTRY

LYND AT INDUSTRYLYND AT INDUSTRYDENVER, COLORADODENVER, COLORADO


THE BOWIE, Austin, Texas


VIEW FROM PARK AVENUE

CURRENT PORTFOLIO - LYND AT PARK 17

LYND AT PARK LYND AT PARK 1717DENVER, COLORADODENVER, COLORADO


BEST-IN-CLASS ARCHITECTURE


LUXURY AMENITIES


HIGH-END INTERIORS


SPONSOR

MICHAEL LYND, JR.CEO, Chief Investment Offi cer Mr. Lynd serves as Chief

Executive Offi cer and Chief

Investment Offi cer of LYND.

Mr. Lynd has structured the

acquisition and fi nancing

of over $1 billion of multifamily acquisition and

development projects. He has been involved in the

multifamily business for over 16 years as an owner

and operator of multifamily communities after

receiving his B.S. in Business Administration with a

concentration in Finance from Trinity University.

DANIEL ZUNKERPresidentMr. Zunker joined in 2011 as a

Principal to oversee multifamily

development. During his 10+ years, he developed over $600 million ranging from garden

to high-rise projects across

the U.S. Mr. Zunker has his CPA license in Texas, a

Bachelor of Business Administration dual degree

in Accounting and Marketing from Texas Lutheran

University and earned his Masters of Business

Administration from the University of Texas at

Austin. He currently serves on the Advisory Council

for the Real Estate and Finance Center at UT Austin

and is a member of ULI.

SAM J. KASPAREKManaging PartnerMr. Kasparek currently serves as Managing Partner and leads the Colorado offi ce of LYND. Mr. Kasparek joined LYND in 2002 and served as the company’s CFO until June 2011 where he helped

lead LYND from a regional San Antonio property management company to a recognized national real estate investor, developer, and property manager. During his tenure as CFO, LYND completed over $1.3 billion of real estate acquisitions and developments. Mr. Kasparek is a CPA licensed in Texas and a former Big 5 audit manager. Mr. Kasparek received his B.S. in Business Administration from Trinity University with a double concentration in Accounting and Finance. He also minored in Economics.

JIM BRUNER SVP -Development

VIC YOUNG SVP -Development &

Construction Management

JARRAD THIERATHVP -Development

MICHAEL BATESDevelopment Partner

TONY CURPSVP -Development

MADELINE BIASIOLLI VP -Design & Marketing

THE LYND DEVELOPMENT TEAM


LYND LOYAL - DEVELOPMENT REFERENCES

KEY BANKJay SmallSenior Relationships [email protected]

VECTRA BANKTed TraskSenior Vice [email protected]

BANK OF SAN ANTONIOBrent GivenPresident & [email protected]

FIFTH THIRDMark PattersonVice [email protected]

CAPITAL ONEJohn ReichenbachMarket [email protected]

US BANKJames PayneVice [email protected]

MB FINANCIAL BANKVince LaughlinReal Estate Regional President847.653.1120vlaughlin@mbfi nancial.com

BBVA COMPASSJoseph BrayCity [email protected]

TX CAPITAL BANKClay JettCity [email protected]

L&B REALTY ADVISORSAndrews SmithChairman & [email protected]

BLACKROCKRyan [email protected]

D.DELTAGerardo GutierrezVice President - International [email protected]

GEM REALTY CAPITAL, INC.Dan RosenbloomManaging [email protected]

CLARION PARTNERSJason GlasserVice [email protected]

AVRAllan RoseOwner & [email protected]

Greenburg Trauig, LLPMichael T. FishmanGeneral Counsel312.476.5075fi [email protected]

PREFERRED EQUITY PARTNERS LEGAL COUNSEL

PREFERRED LENDERS

LYND Development Partners

Documents

Transcript of LYND Development Partners