APARTMENT ACQUISITION

CLL ETATSE LAER LACIGOL

IN WEST PALM BEACH,

FLORIDA
A CONVERSION OF 26 STORY BUILDING
INTO RESIDENTIAL HIGH-RISE

A central downtown, transit-oriented

26-story residential high-rise
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 Palm Beach Condominium Market

CLL ETATSE LAER LACIGOL

Q3 2019 Q3 2018 % Δ (YR)

Average Sales Price $818,849 $784,151 4.4 %

Average Price Per Sq. Ft. $506 $479 5.6%

EXTRAORDINARY
Median Sales Price OPPORTUNITY $535,000 $440,000 21.6 %
TO ACQUIRE IN WEST PALM
BEACH
NumberAREA
of Sales (Closed) 61 69 -11.6 %

Days on Market (From Last List Date) 109 82 32.9 %

Listing Inventory (Active) 248 252 -1.6 %

Months of Supply 12.2 11.0 10.9 %

Average Square Feet (Closed) 1,619 1,636 -1.0 %

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 “Top city in Florida for business growth and careers.” - Forbes
WEST PALM BEACH GROWTH

West Palm Beach is in the midst of an economic and

CLL ETATSE LAER LACIGOL

development boom with over $2.5 billion in construction
projects proposed or currently under construction. The
current pipeline includes over 3,000 residential units,
over 1,000 new hotel keys and several exciting mixed-use
developments. The downtown is well positioned to
capitalize on the significant growth currently taking place
throughout south Florida.
Arts & Cultural Center | Transportation Hub
Major Employment Center One of the most affluent zip codes in the US
Palm Beach County’s Second Largest office Market

New Residential Development

Population Growth

Located adjacent to the Brightline

station, which provides express train
service between West Palm Beach,
Fort Lauderdale, Miami and
ultimately Orlando.

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Presentations are communication tools that can be
used as demonstrations, lectures, speeches, reports,
and more. It is mostly presented before an audience.
It serves a variety of purposes, making presentations
powerful tools for convincing and teaching.

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About the West Palm Beach
Acquisition Project

CLL ETATSE LAER LACIGOL

A RARE GENERATIONAL INVESTMENT OPPORTUNITY

INVESTMENT PROPERTY:

New construction (2018) 26-story, 290 unit mixed use

apartment building, including 13,074 sf of ground floor
retail plus an 11-story parking garage with 730 parking
spaces located in the West Palm Beach, Florida.

442 of the parking spaces are subject to a long-term

lease with Brightline generating annual income of
$1.5mm/yr.

There are 6 retail bays that will start contributing to the

net operating income in 2020 and beyond.

The 290 residential rental units are projected to stabilize

in  Q1 2020.

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About the West Palm Beach
Acquisition Project

CLL ETATSE LAER LACIGOL

A RARE GENERATIONAL INVESTMENT OPPORTUNITY

GOALS:

Convert the building to the condominium form of

ownership and sell condominium units while continuing
to lease unoccupied space on a month to month co-
living  basis.

ACQUISITION PRICE:

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 Mr. Frey has broad experience in the real estate industry
especially in Florida and for over 26 years in Orlando. Mr. Frey
provides the company his varied operational and financial

CLL ,ETATSE LAER LACIGOL

experiences.

Meet Us His company Sun Asset Holdings, Inc., developed both

commercial and residential projects. Chuck's team built,
marketed, sold, and managed short term rental housing and
commercial office condos as well as marketed and sold apartment
conversion and condo hotel projects..

Charles Frey Prior to starting-up the Sun affiliated companies and the holding company Sun Asset Holdings, Inc., Mr.
Frey held executive officer, senior financial, operational and real estate development positions with
Sunterra Resorts, Inc. Over his years with Sunterra Mr. Frey served as an Executive Vice President and
Chief Financial Officer and President of the USA Operations, Chief Accounting Officer and Senior Vice President of Owner Services
for this public company. Mr. Frey was materially involved with the development of Sunterra’s Cypress
Board Chairman Pointe and Embassy Grand Beach projects in Orlando. Mr. Frey was with Sunterra from its 1992 inception
and was instrumental with building the company before and after the Initial Public Offering in 1996. Prior
to joining Sunterra, Mr. Frey was a Partner and Chief Financial Officer with Trammell Crow Residential in
Boca Raton, and a commercial division controller with Gerald Hines Interests in Houston, both real estate
development companies.

Mr. Frey is a graduate of Indiana University of Pennsylvania, with a major in Accounting and a minor in
Economics. He is a licensed Certified Public Accountant in Texas, a Florida Real Estate Broker, a licensed
Mortgage Loan Originator, and a Community Association Manager in Florida.

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 Co-Founder and Director of Research of OMNIResearch and the Wall Street
Advantage and has been the Director of Research for a number of small
boutique broker-dealers including NYSE member firms. Nunez is currently
collaborating with research providers, actuaries and Think Tanks on the

CLL ,ETATSE LAER LACIGOL

research, creation and implementation of products and models that provide
solutions to numerous Pension funding issues. He has been the CIO of a start-

Meet Us
up Emerging Fund of Hedge Funds, a consultant to Progress Investment
Management and previously raised the seed capital for the 'Emerging Manager Trust' while
consulting to the nations' first minority-owned institutional pension consulting firm. OMNIResearch
created and conducts various trustee education programs including OMNI's "Annual Finding Alpha
in the Delta Trustee Institute", and the "Annual OMNI Buttonwood Investment Roundtable Series".

Dorien Nuñez
Nunez provides his expertise to others in the Industry as a member of the P&I Research Advisory
Panel and as a member of the Advisory Board for IMN. He has extensive experience as a
moderator, speaker and conference chairperson for educational events. Nunez's experience spans
Director of Research more than 25 and includes: Institutional investing; conducting risk management, analyses and
monitoring. He has specialized in Emerging Manager programs and Trustee/Staff Education for
more than 20 years. He has been a Consultant to the "Presidential Commission on Minority
Business" (under President George H. W. Bush) and a delegate to the "White House Conference
for Small Businesses" under President Bill Clinton. Nunez received his CFA in 1986. He taught
several courses in Business and Finance as an Adjunct Professor at two universities. Nunez
received his MBA from Harvard Business School where he won the Uehlmann Award for his
research on "The Use of the Futures Market for Institutional Investors to Hedge Risks". His
undergraduate degree from Harvard was in Sociology with emphasis on Statistics. He is an alumnus
of St. Paul's School of Concord, NH and a proud alumnus of the public school system of New York

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City. He is an avid amateur astronomer and saxophone player.

Meet Us
KELVIN RAY XUNA | FOUNDER OF
LOGICAL REAL ESTATE LLC
Our team of experts
Kelvin is known for innovative housing
represents the best and solutions. He is a pioneer of co-living
brightest in the industry in Los Angeles. In 2008, Kelvin
graduated Harvard University with a
Master in Housing and Urbanization.
Incorporated in Miami in 2008, Logical
Real Estate, LLC's track record spans
over 10 years of hands-on experience
in real estate management.
CLL ,ETATSE LAER LACIGOL
SCOTT PODVIN | EXECUTIVE DIRECTOR
AT OPTIMIZATION PROS
Scott is a Harvard educated entrepreneur,
real estate &  sustainable energy developer -
-  building and developing profit centers 
and designing smart mini-grids using  only
sustainable and renewable energy  sources .
Scott has converted apartment buildings and
hotels to condominiums, specializing in
M&A, finance, sales and marketing and
operations. Scott recently earned an eMBA
from TRIUM issued jointly by the London
School of Economics, New York University
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(Stern School of Business) and HEC Paris.

Meet Us
JEFF SMITH | DIRECTOR AT
Our team of experts WESTDALE ASSET MANAGEMENT
represents the best and Jeff is an experienced commercial real
brightest in the industry estate professional well disciplined in
acquisitions, portfolio/asset
management, finance and capital
structuring. Has consistently
demonstrated the ability to lead and
action a wide range of complex real
estate transactions, and client/investor
relationship management.
CLL ,ETATSE LAER LACIGOL
BOBBIE RAGSDALE | REAL ESTATE
DEVELOPER & PUBLIC SERVANT
Bobbie is a real estate developer with
experience in RE acquisitions,
consulting, negotiations, management,
renovation, and construction across 4
states. Recently transitioned Army
officer with command and staff
experience. Recipient of the 2013 and
2014 Draper Armor Leadership Award.
President of the West Point Class of
2007.
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 CLL ,ETATSE LAER LACIGOL
Meet Us
ANTONIO EMMANOUILIDIS | HEAD OF
Our team of experts QUANT STRATEGY –
SUCDEN FINANCIAL
represents the best and
Antonio has experience in banking,
brightest in the industry investments, asset management and
corporate finance. His background
covers risk management, exotic trading,
fixed income and foreign exchange.

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Why invest Take advantage of our unique investment

CLL ETATSE LAER LACIGOL

opportunity to make a profitable return on
with us? your investment.

Feel secure in our proven history, running

strong since 2012, to know that this is a
EXTRAORDINARY OPPORTUNITY need for expansion, not hope for success.
TO ACQUIRE IN WEST PALM
BEACH AREA Partner with our team as we expand and
improve as a result of your courteous
contributions. We look forward to working
with you!

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 This property is a perfect candidate for a condo conversion

Why invest
(new construction as well).

CLL ETATSE LAER LACIGOL

We will rent some of the units as co-living spaces to
with us? maximize rental income.

Location of the property:

From the 300,000 sq.ft. office building being constructed now,
which when built will be in close proximity to the property, thus,
EXTRAORDINARY OPPORTUNITY there will be an increase in demand for both the "for sale" and
TO ACQUIRE IN WEST PALM "for rent" housing in the immediate area.
Unprecedented Walk-on Walk Off Rail Connectivity to Six Major
BEACH AREA South Florida Employment Centers. Walkability to Rosemary
Square surrounded by premier lifestyle retail with flagship
restaurants, stores, and the newest Class-A offices in West Palm
Beach.

Be part of the development team who can either earn a set development fee or serve as an equity/service partner.

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Why invest

CLL ETATSE LAER LACIGOL

with us?

ROBUST AND DIVERSIFIED

REVENUE STREAMS HEDGE
AGAINST DEVELOPMENT RISK

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Reach Us
For questions or more info

PHONE NUMBER

(720) 937-9103

EMAIL ADDRESS

kxuna@hotmail.com
scott.podvin@roseline-partners.com