Transcript Slide 1

Greystar Real Estate Partners
Bay Area Management, Investment, & Development Overview
16th Annual Developers Forum
Bay Area Apartment Association
greystar.com
Overview
Based in Charleston, South Carolina, Greystar has a presence in over 88 markets nationwide supported
by 16 city offices. With multiple lines of business and over 170,000 units managed across the United
States, Greystar’s vertically integrated business model leverages expertise across multiple disciplines to
provide turnkey solutions and seamless execution. Since inception in 1993, Greystar’s focus has been
solely on multifamily real estate – a focus that is maintained today.
Executive Leadership
Bob Faith
Bill Maddux
Derek Ramsey
Stacy Hunt
Chairman & Chief
Executive Officer
Chief Operating
Officer
Chief Financial
Officer
Executive Director –
Client Services
Andrew
Livingstone
Executive Director –
Real Estate Services
Wes Fuller
Executive Director –
Investment Services
Scott Wise
Executive Director –
Development &
Construction
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greystar.com
Structure
“We know the real estate business is cyclical, but our balanced focus on both the service side of
the business and the principal side gives us opportunities to grow wherever we are in the cycle.”
GREYSTAR REAL ESTATE PARTNERS
Client Services
Property Management
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4 Regional offices
16 City offices
70+ Markets
140,000+ Units Managed
4,000 Employees
Asset Management
 National Coverage
 15,500 Units
 $1.5B Managed
 25 Employees
 Expertise across multiple
product classes and investment
strategies
Transaction Management
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National Coverage
20 Employees
81 Acquisitions
52 Dispositions
Numerous debt and equity
relationships
Principal Activities
Development
Investment
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National Coverage
11,500 Units
20 Employees
$2.75B Invested since
inception
 4,000 Units
 $350M Development
pipeline
 15 Employees
 In-house
construction
Capital Projects
 7 Regional offices
 $250M – renovation volume in
last 3 yrs
 Asset preservation best
practices
 20 Employees
Residential Types
Market Rate
Housing
Student Housing
Senior Housing
Affordable
Housing
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Clients
Greystar has proven its ability to protect and enhance value for many of the
largest institutional owners in the country.
Organic growth through repeat business, customer referrals, and a
reputation as a blue chip organization.
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Bay Area Management Presence
Strong Local Presence
Seneca
Tampa Management
24 Properties, 7708 units
Lease-ups
Renovations
Stabilized Properties
Leadership Team
National Division Office
Andrew Livingstone
SE Regional Office
Gary Crane
Jim Fawcett-Florida
City Office
Lori Krull
4 Regional Managers
greystar.com
Bay Area Development Presence
Seneca at Cypress Creek – Opened in June 2009
Seneca at Cypress Creek
Cypress Creek, Pasco Co., FL
451 units, 2009, Class A
greystar.com
Seneca at Cypress Creek
Site Aerial
Hwy 54
greystar.com
Seneca at Cypress Creek
Sustainable Land Plan
•28 Acre wooded site – 46% tree save
including specimen trees and unique
clusters
• Surface water – Conservation
easements for Cypress Creek and critical
linkage
• Protected species – 14 gopher tortoise
contained and relocated offsite
Property Description
•28 Apartment Buildings
• 3-story garden and townhouse
• Stucco / Hardi exteriors
• Direct access garages
• Screened Lanais
•Controlled Access
greystar.com
Seneca at Cypress Creek
Amenity Package
•Controlled Access Gates
•Business Center & Cyber Cafe
•Game Room with Billiards
•Resort style pools
•Outdoor Fire Pit
•Cabana and grill poolside
•24/7 Cardio/Fitness Center w/ Spinning
Room
•Bark Park
•Plenty of open air space/courtyards
Services Included
•Spot on Maintenance Team
•Door to Door Valet Trash & Recycling
•Package Receiving
•Planned Social Events
•Pest Control
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Seneca at Cypress Creek
Clubhouse features
• Leasing Center
• Business Center
• Cyber Cafe
• WiFi club room
• Home theater
• Game Room w/ Billiards
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Resident Business Center
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Game and Media Room
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Clubhouse and pool area
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Seneca at Cypress Creek
Fitness Center
• 2,000 SF gym
•Free Weights, Cardio, Universal
• Kid’s playroom
• Wii Fit gaming gear
• Spinning/group room
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Natural Area with picnic/grill areas
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Seneca at Cypress Creek
Resort-style pool
• Three deck/water elevations
• California kitchen, fire pit
• WiFi and surround sound
• Screened porch seating area
greystar.com
Seneca at Cypress Creek
Diverse Unit Mix
• One (645 – 981 SF) - 40%
• Two (947 – 1340 SF) - 46%
• Three (1321 – 1379 SF) - 4%
• 2 BR TH (1507 SF) - 6%
• 3 BR TH (1611 SF) - 5%
Modern Features
• 9’ ceilings
• Open floor plans
•Screened in Lanias/Bonus
rooms*
• 42” maple cabinets
•Kitchen Island/Bar*
•Wood Plank Floors
• Black on Black/Silver Metallic*
GE Appliances w/Microwave
• Washer / Dryer provided
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Home of the
Kitchen!
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Marketing Plan
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Property Website
Marketing collateral
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Guide Books
News Releases
Internet sites
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Apartments.com
internet sites affiliated with print
advertisers
Craigslist.com
Social Media campaign –
Facebook/Twitter
Drive-by appeal
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Brochures
Business Cards
Direct Mailers
Business Marketing Pieces
Print Advertisements
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Signage (front entrance)
Banners on County Line Road
Billboard on 54
Landscaping
Human Directionals
Social Events
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Resident Activities
Grand Opening in May 2010
Annual Haunted House
Pool Parties
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Traffic, Leases and Closing Ratio by Source
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46
50
31
Average Traffic per month:
2009
105
2010
112
Average # of NET leases per month:
24
32
Net Closing Ratios
23%
28%
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Demographics
greystar.com
Seneca at Cypress Creek
YE 2009
90%
Occupancy
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quotes to live by:
MMFI - make me feel important!!
Prospect
-------------------------------------------------------------------------Customers are the center of the universe. Help them and in turn you’ll
be awash with opportunity Sean Storms, TBJ
------------------------------------------------------------------What TEAM SENECA lives by:
Price is what you pay, Value is what you GET!
Warren Buffett
Build it they will come, manage it and they will stay!
Developer!
greystar.com
A Fully Integrated Multifamily Service Provider
Greystar Real Estate Partners
18 Broad Street, Third Floor
Charleston, SC 29401
Greystar Real Estate Partners
4030 Boy Scout Blvd
Tampa, FL 33407
Phone: 843-579-9400
Website: www.greystar.com
Phone: 813/882-8700
Website: www.greystar.com
greystar.com