INTEGRITY PROVEN PERFORMANCE NATIONAL STRENGTH

INTEGRITY PROVEN PERFORMANCE NATIONAL STRENGTH

THE EMPIRE FAMILY OF COMPANIES Empire American Holdings LLC is a privately owned holding company that acquires promising companies in property, insurance and other markets. The Empire family of residential communities and commercial properties (more than 40,000 units) spans the country, and makes EAH one of the largest privately owned multifamily property owners in America. Subsidiary Empire Insurance Holdings (EIH) owns four insurance agencies managing more than 50,000 policies. EAH is based in Montvale, NJ. Empire is dedicated not only to growth, but also to sound and profitable management. We are experts in multi-family communities and excel at determining their profitability in any US market. We focus on responsibly reducing costs while still maintaining high standards of repair and capital improvements. Empire lenders have always been confident that our managerial decisions are mindful of our commitment to the company as well as to our residents. Empire is operated by a management team with nearly a century of experience. Empire continues to rapidly expand in fastgrowing real estate, insurance and additional markets.

ACQUISITIONS & DISPOSITIONS For over twenty years, Empire has expanded its portfolio by acquiring select residential and commercial properties in major real estate markets. Empire invests in quality properties in prime real estate markets throughout America. Empire apartments range from classic efficiencies to luxurious high rises. Most importantly, Empire has consistently proven the ability to close deals of any size and complexity swiftly. We re determined that when Empire agrees to close, it happens quickly and smoothly. That s why major developers, REITS and private holding companies repeatedly close deals with Empire. Empire continues to acquire choice properties in every major American market.

RESIDENTIAL & COMMERCIAL ACQUISITIONS Empire American Holdings seeks properties that meet this general profile: Residential Location: Anywhere in the continental U.S. Size: 300+ units Type: Single asset or large portfolios Age: Up to thirty years old Style: Garden-style apartments Commercial Location: Anywhere in the continental U.S. Size: 10,000+ sq. ft. Type: Office, retail shopping Age: Up to thirty years old These are general guidelines only. Empire will consider older properties that are part of a large portfolio. Occasionally, Empire will assume financing or accept seller financing of a choice property. In every case, Empire closes each deal in a timely manner; no matter how large or how complex. Empire s Five-Point Promise: 1. Quick decisions. A fast and decisive answer as soon as possible. 2. Swift due diligence. A determined team that usually completes due diligence in ten days or less. 3. Commitment to close. We are serious about every deal and about finishing what we start. 4. On-time closings. Empire closes on time, regardless of the size of the transaction. 5. No mortgage contingencies. Empire acquisitions are generally cash deals and are generally self-financed. The seller is assured Empire is able to close.

RESIDENTIAL PROPERTIES Empirian (Empire s registered trademark) apartments range from simple efficiencies to luxurious high rises; from quiet communities nestled in the woods, to upscale residences in bustling city centers. Many are private gated communities. All have modern amenities and superior service. Empirian residential communities cater to every budget, taste and style. The Empire portfolio includes premier properties with modern, deluxe accommodations. High-class amenities include: Olympic sized pools Wood burning fireplaces Cathedral ceilings Lighted tennis courts In-house health clubs Private terraces Private garages Individual washers & dryers Children s play area Swim clubs & saunas But in an Empire apartment, the best amenity is Empire s service. Each community is locally managed, so residents enjoy close and personal attention.

EMPIRE COMMUNITIES E mpire A m e r i c a n H o l dings L LC o w ns hundreds of apartment communities, housing tens of thousands of families across the country. Below are just a few locations where Empire holds properties that stand out for their distinctive design or amenities: Charlotte, NC Phoenix, AZ Chesapeake, VA Toledo, OH Atlanta, GA Houston, TX Ft. Wayne, IN Memphis, TN Baltimore, MD Detroit, MI Philadelphia, PA For a complete and current list of Empire properties, browse epmapartments.com. For a closer look at some of Empire s most prized properties, visit the Residential Gallery at empireamericanholdings.com.

MANAGEMENT TEAM Though Empirian Property Management, Inc. (EPM) is a separate company, it s an important member of the Empire American Holdings LLC (EAH) team. EPM manages by contract the entire Empire property portfolio; hundreds of apartment communities across the nation. Based in Montvale, New Jersey, EPM employs hundreds of people in its management offices across the country. This exclusive relationship allows Empire to spend only where appropriate and necessary. Company assets are applied to productive upgrades without waste and without sacrificing quality. It s not an apartment... It s a home. It takes more than a few layers of paint to turn an apartment into a home. It takes responsive management, impeccable maintenance, and a caring attitude all standard in an EPM managed apartment. SERVICE APPRECIATION PROGRAM Service professionals are an asset to their community. That s why Empire is proud to welcome them to our rental communities with this innovative initiative. Rental rate incentives are available to service professionals such as teachers, nurses, active duty military and reserves, military veterans, EMT/paramedics, fire fighters and police officers. By offering these rates, apartments that might otherwise go vacant are not only filled, but filled by quality, desirable tenants. The number of SAP apartments, of course, is limited and varies by EPM property. We believe the SAP program is the first of its kind, designed specifically to help service professionals by reducing their single greatest expense. It s a small reward for the people who make an immeasurable contribution to society. EPM is proud to provide impeccable service to each of our residents, and is proud to have been selected by EAH as its sole property manager.

PROPERTY IMPROVEMENTS Empirian is skillfully proficient at remodeling, refurbishing and rehabilitating our properties. We leverage the power of knowledge, creative management and material volume buying to keep construction costs low and quality high. The goal of each project is to increase property worth, adjust rental value and enhance the lifestyles of our residents. The return on investment of an Empirian rehabilitation project is exceptional.

EMPIRE INSURANCE HOLDINGS EIH, based in the Montvale, NJ office of parent company Empire American Holdings, continues to grow through acquisitions and specifically seeks to acquire insurance agencies that demonstrate a track record of steady growth and sound management. EIH Subsidiaries Gallo Insurance Agency - Gallo Insurance is a full service insurance agency with a strong presence in southern Florida. Established more than fifty years ago, Gallo has a large portfolio of personal lines policies, as well as a commercial insurance department. Florida Chartered Insurance Group - Florida Chartered, based in suburban Orlando, has a strong presence in the personal lines insurance market, insuring over twenty thousand people. The company has a uniquely large portfolio of vacation home policies. Geisenheimer Agency - Geisenheimer, a northern New Jersey agency, specializes in insurance for the real estate industry. The agency, based in Fair Lawn, NJ, has expanded steadily since opening over thirty years ago. Silver Insurance Group - Silver Insurance Group, based in Oviedo, Florida, deals primarily in commercial insurance lines. Silver is a part of the Nationwide Insurance Company network of agents.

Corporate Office Empire American Holdings LLC Empire Corporate Center 25 Philips Parkway Montvale, NJ 07645 201-326-3300 866-805-6600 contactus@empirecorporate.com www.empireamericanholdings.com Empirian Property Management, Inc. 25 Philips Parkway Montvale, NJ 07645 201-326-1644 Apartment Finder: www.epmapartments.com Property Acquisitions/Dispositions Abe Miller, VP of Acquisitions 201-326-1632 Fax: 201-326-1634 abemiller@empirecorporate.com Service Appreciation Program Visit the SAP homepage for more information. www.empirianprogram.com Human Resources Empire American Holdings LLC Fax: 201-326-1787 careers@empirecorporate.com Empirian Property Management Human Resources Fax: 877-614-4100 Empire Insurance Holdings, LLC Ben Z. Goldberg, CEO 25 Philips Parkway Montvale,NJ 07645 Tel/Fax: 201-326-6923 bgoldberg@empirecorporate.com Eli Feller, Residential Acquisitions Tel/Fax: 201-326-1661 efeller@empirecorporate.com Simcha Podolsky, Commercial Acquisitions Tel/Fax: 201-326-1622 spodolsky@empirecorporate.com

25 PHILIPS PARKWAY MONTVALE, NJ 07645 866-805-6600 contactus@ empirecorporate.com www.empireamericanholdings.com