Specialty Real Estate Receivership, Management & Brokerage Company

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1 Specialty Real Estate Receivership, Management & Brokerage Company CORPORATE HEADQUARTERS 3445 Peachtree Road Suite 1225 Atlanta, GA W W W. G L A S S R AT N E R. C O M

2 ABOUT THE COMPANY Who We Are GlassRatner Management & Realty Advisors LLC is a full-service licensed property management and brokerage company with expertise in disputed, distressed or difficult-tomanage property. Our management company and professionals have acted as Receiver, Manager, Broker or Fiduciary for troubled real estate development projects where parachute-style management is required. Since 2003, GlassRatner has managed over $5 billion of real estate and operating businesses across a broad spectrum of asset classes including multifamily, student housing, office, retail, industrial, mobile home, hotel and resort, golf communities, mixed-use and fractured condominium projects. GlassRatner has managed or acted as fiduciary for more than 40,000 multifamily and detached single family units across the country and in excess of five million square feet of retail, office and industrial space in 33 states. GlassRatner Management & Realty Advisors LLC is a whollyowned subsidiary of GlassRatner Advisory & Capital Group LLC, one of the nation s leading financial advisory and restructuring firms. Services RECEIVER & TRUSTEE SERVICES In our role as Receiver or Trustee, GlassRatner: Serves as Court-appointed Receiver on behalf of lenders, servicers or note buyers. Operates as fiduciary, free of conflicts. Coordinates and controls all activities associated with the respective asset. Determines the appropriate sell/hold strategy to maximize principal recovery while minimizing additional exposure. Leads valuation and disposition efforts, either directly or in cooperation with other professionals as appropriate. PROPERTY MANAGEMENT & BROKERAGE As a licensed property management and brokerage company with a national presence, GlassRatner s team: Specializes in maximizing asset value, risk mitigation and high-level reporting. Understands the potential short-term nature of these assignments and can mobilize quickly to resolve issues. Provides comprehensive, in-depth monthly financial reports customized to client specifications. Handles core back-office operations, including accounting and reporting functions, based out of our Atlanta headquarters. We have regional directors, CPAs, and property management staff located in regional and satellite offices throughout the country. Acts as licensed brokers in numerous states with a proven ability to strategically dispose of a full array of distressed and value-add real estate products. CONSTRUCTION MANAGEMENT Our construction management team serves as owner s representative overseeing construction. Our services include: Property condition assessment, site security solutions, permitting, resolution of code violations, cost-to-complete analysis, contract negotiations and management of construction activities. Working with you to develop a plan that maximizes an asset s value while minimizing capital outlays.

3 ASSETS & RECEIVERSHIP Types of Assets GlassRatner Management & Realty Advisors has extensive experience as Receiver, property manager and broker throughout the country, representing hundreds of assets and several billion dollars of real estate. Our knowledge and expertise extends to the following asset classes: Multifamily Apartment Communities Condominium Projects Condominium Conversions Student Housing Hotels/Motels Single-Family Subdivisions Townhome Projects Mobile Home Communities Retail Strip Centers Multi-Anchored Retail Centers Convenience Stores & Gas Stations Restaurants Office Buildings Golf Courses Resorts Churches Vacant Land Mixed-Use Projects Agricultural Land Assisted Living Facilities Benefits of Receivership Lender gains swift control of operations and funds. State or federal courts react to a movant s application or petition for the appointment of a Receiver in a short period of time, as opposed to lengthy foreclosure proceedings. Lender has a vehicle to sell real estate properties without having been part of the chain of ownership, which reduces liability issues. Lender is able to understand more clearly any collateral issue before taking further action. Even if a foreclosure is inevitable, Receivership gives Lender a chance to look before it leaps, including evaluating areas such as: environmental conditions, life safety issues, and inflexible payables (including utility bills). Lender avoids exposing itself to persistent or aggressive creditors as an available deep pocket, which could accompany foreclosure. Move for Receivership does not require Lender to give up its foreclosure rights.

4 A NATIONAL PLATFORM New York Chicago Bakersfield Los Angeles Irvine Charlotte Phoenix Atlanta Corporate Headquarters Regional Offices Dallas Tampa Ormond Beach West Palm Beach Fort Lauderdale Miami Clients include: BB&T CHH Capital Partners CW Capital EverBank Fannie Mae GE Capital Services Key Bank Matrix Real Estate Advisors Midland Loan Services Ocwen Regions Bank Sovereign Bank Sovereign Bank PNC Textron Financial Business Partners Trimont Real Estate Advisors Wells Fargo Colony Capital CIII FDIC J.P. Morgan MetLife Extensia Financial LNR Bank of America Santander Bank PCBB Gibraltar Capital Sabal Financial Situs Rialto Capital Centerline Capital Capmark Equity Bank Cadence Bank GearingStone Equity Bank Midfirst Bank CityNational Bank

5 GLASSRATNER PROPERTY MAP Assignment GlassRatner Statistics GlassRatner Management & Realty Advisors LLC has handled: in excess of $5 billion of real estate over 40,000 multifamily units assets in 33 states over 5 million square feet of retail, office and industrial space 184 assignments in Florida 154 assignments in Georgia a wide variety of assignments including multifamily, commercial, retail, and industrial sold approximately $250 million of real estate as broker or seller Contact Information Please contact a senior member of our team for more information, a detailed brochure, or a quote. Ron Glass, Principal rglass@glassratner.com Todd Beresin, CFO/COO tberesin@glassratner.com Steven Speier, West Coast President sspeier@glassratner.com Joel Murovitz, Exec. Vice President of Real Estate Services jmurovitz@glassratner.com Dan Scouler, Senior Managing Director- National Business Development dscouler@glassratner.com