Velocis Sells Fort Worth Medical Office Building

Fort Worth (Aug. 17, 2015) – Velocis, a private equity real estate manager, has sold Magnolia Medical Tower, an 89,991-square-foot medical office building located in the heart of the Fort Worth Medical District. Ridgeline Magnolia MOB, LP purchased the property for an undisclosed price.

“When we purchased this property, Velocis recognized that it was in need of substantial capital improvements and professional management,” said Jim Yoder, Velocis Principal. “The significant upgrades we implemented took the building from Class C- to B+ and helped increase the leasing velocity at the property.”

Velocis purchased the property in 2012, and invested $1.5 million in property renovations, with substantial upgrades made to all six floors of the building and the parking garage. Renovations included modernizing the building’s elevators and upgrading common areas, applying new corridor finishes, upgraded lobby areas and reconstructing restrooms, as well as signage, mechanical and lighting updates to improve energy performance.

Built in 1985, Magnolia Medical Tower is adjacent to Baylor All Saints Medical Center, offering easy access to Cook Children’s Medical Center, Texas Health Harris Methodist Hospital Fort Worth and Plaza Medical Center of Fort Worth, as well as medical offices in the surrounding downtown medical district.

CBRE’s Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group partnered with Austin Barrett in the Dallas/Fort Worth market to broker the sale on behalf of Velocis.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 21 assets located in major markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Jim Yoder as principals are Fred Hamm, Mike Lewis, David Seifert and Paul Smith.

About Velocis
Velocis consists of two entities: Velocis Fund, LP and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at https://www.velocis.com/.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Closes Velocis Fund II

DALLAS – Velocis, a private equity real estate manager, today announced the successful closing of Velocis Fund II. Equity commitments exceeded $270 million, bringing Fund II assets under management to $400 million.

“We believe our industry experience, relationships and proven ability to unlock value in select real estate assets were integral to a successful Fund II capital raise,” said Fred Hamm, Velocis managing principal. “In the six short years since Velocis was formed, we have raised approximately $415 million, leading to the acquisition of 21 assets across 10 markets. We are grateful for the support of our investors and look forward to continuing our success as we secure assets, create value and maximize the return for our investors.”

The current equity commitments provide Fund II with $775 million in purchasing power, incorporating moderate leverage. Management anticipates raising an additional $50 million of co-investment equity from investors, giving Fund II approximately $920 million in purchasing power. Fund II is currently 27 percent invested and is continuously sourcing new assets for purchase.

Fund II is pursuing a value-add strategy focused on traditional office, medical office, data center and retail properties in select U.S. growth markets. The Fund targets under-managed and distressed assets in the $20 to $70 million range. Fund II has purchased five assets and anticipates securing approximately 20 properties over a three-year investment period.

The Fund is specifically sized to acquire a diversified portfolio of assets that may be too large for individual investors, but too small for many large institutional investors. Investors include high-net-worth individuals, large family offices, and institutional investors in the United States, Mexico and Japan.

Velocis Fund II is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Fred Hamm as principals in Fund II are Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

Velocis has been active in real estate investment since launching Velocis Fund I in 2010. Since then, Velocis has raised approximately $415 million of equity commitments and purchased 21 assets located in Arizona, Colorado, Texas, Georgia, Florida, North Carolina, and the Washington, D.C. metropolitan area.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Purchases Park One Office Complex in Phoenix

Velocis, a private equity real estate manager, has purchased Park One, a three-building, multi-tenant, Class-A office development totaling 205,000 square feet in the Camelback Corridor in metropolitan Phoenix.

This is Velocis’ second acquisition in the Phoenix market. In 2015, the Fund purchased Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale.

“The office market fundamentals and the strong job growth that the Camelback Corridor offers makes Park One an ideal fit for our acquisition strategy,” said Jim Yoder, principal, Velocis. “We look forward to unlocking hidden value with additional capital improvement projects and an enhanced customer and tenant experience.”

Park One is located at 2111, 2121 and 2141 E. Highland Avenue in Phoenix. The property is 84 percent leased at time of sale and features a diverse tenant roster that includes various law firms, financial advisors, engineers and other professional services firms.

Situated within a park-like campus environment, Park One features a private two-acre lake, landscaped paths and bridges and abundant outdoor seating areas. The property also includes a freestanding restaurant/sports bar, a café and an on-site fitness center that was recently renovated in 2014 with new equipment and both above grade and below grade covered parking.

The seller, a joint venture between California-based McCarthy Cook & Co. and New York-based Morgan Stanley Real Estate, was represented by a team of brokers including Barry Gabel, Chris Marchildon, and Kevin Shannon. CBRE’s Capital Markets’ Debt and Structured Finance team, including Bruce Francis, Dana Summers, Bob Ybarra and Shaun Moothart, worked on behalf of Velocis and the lender, providing debt financing for the purchase.

Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 21 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at velocis.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Sells Denver’s Landmark Centre Office Building

DENVER – (Feb. 25, 2016) – Velocis, a private equity real estate manager, has sold Landmark Center, a 76,085-square-foot office building, in Denver’s Greenwood Village. Landmark Centre Associates, LLC purchased the property for an undisclosed price.

“Velocis purchased this asset based on its prime location in a market with great demographics and near amenity-rich retail,” said Mike Lewis, Velocis principal. “Through key property improvements, we were able to identify and unlock its value, achieving our goals for the investment while maintaining near 100 percent occupancy throughout our hold period.”

Since purchasing Landmark Centre in 2012, Velocis has renovated and upgraded the lobby, resealed the exterior and refinished common areas. Landmark Centre is uniquely located just east of the Greenwood Village neighborhood, offering unencumbered views of the Rocky Mountains, easy access to and from I-25, and convenient proximity to The Landmark, a high-end mixed-use development. The property also offers covered parking for 100 percent of the tenants, a rare amenity for a building of this size in Denver. The asset is currently 99.5 percent leased.

JLL’s Patrick Devereaux and Jason Schmidt brokered the sale on behalf of Velocis. Basham & Associates represented the buyer. Transwestern Property Company handled leasing and management.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 20 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Mike Lewis as principals are Fred Hamm, Jim Yoder, Paul Smith and David Seifert.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Sells Austin’s West Woods Shopping Center

AUSTIN, Texas – (Feb. 1, 2016) – Velocis, a private equity real estate manager, has sold West Woods Shopping Center. The 189,340-square-foot center in West Lake Hills, a highly desirable Austin sub-market, was sold to Global Retail Investors, LLC, an affiliate of First Washington Realty, Inc., for an undisclosed price.

“Velocis was able to acquire this ideally-located asset through a long-term relationship with the seller,” said Jim Yoder, Velocis principal. “Over the course of our ownership, we unlocked its value by investing in property improvements and through strategic leasing and management efforts. As a result, we were able to substantially exceed our goals for the investment.”

Velocis purchased the retail asset in 2012 and invested in signage upgrades, landscaping and parking lot improvements. The property is one of Austin’s best known and iconic retail properties, located at the prominent intersection of Bee Caves Road and Walsh Tarlton Lane. The retail site’s coveted location offers a stable customer base in the heart of two upscale Austin neighborhoods, West Lake Hills and Rollingwood. Anchored by Stein Mart, Michaels, Petco and CVS, West Woods also includes a variety of local and national shops and restaurants. The property is 98 percent leased.

HFF’s Jim Batjer and Barry Brown brokered the sale on behalf of Velocis. Lincoln Property Company provided property management services, and Bryan Dabbs of BKD Realty handled leasing for West Woods.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 20 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Jim Yoder as principals are Fred Hamm, Mike Lewis, Paul Smith and David Seifert.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Purchases Shirlington Tower

Washington, D.C. (Nov. 30, 2015) – Velocis, a private equity real estate manager, in partnership with Moore & Associates, a Bethesda, MD based local sponsor, today announced the purchase of Shirlington Tower, a Class-A, 233,446-square-foot office building in Arlington, Va. The office building is located just one exit from the Pentagon and is adjacent to Interstate 395 as well as the amenity-rich Village at Shirlington shopping center.

This is the Fund’s second acquisition in Northern Virginia this year. In August, the Fund purchased Loudon Gateway II and III, two Class-A suburban office buildings located in the upscale Washington, D.C. suburb of Sterling, Va., in Loudoun Gateway Business Park.

“At just 48 percent leased, Shirlington Tower offers Velocis the opportunity to acquire a Class-A, well-located asset in the recovering Northern Virginia market at a significant discount to replacement cost,” said Mike Lewis, Velocis principal. “This is a true value-add opportunity which is exactly in line with our asset acquisition strategy to identify and purchase properties that offer opportunity to unlock hidden value. Having a local, joint venture partner in Moore & Associates with whom we have had prior experience further reinforces our confidence in the overall business plan.”

In addition to the LEED Gold office building, the property includes an attached six-story, 827-space parking garage which provides tenants with an above average parking ratio. On-site amenities include a fitness club, restaurant and salon. In addition to these amenities, Shirlington Tower is at the gateway to The Village at Shirlington, an outdoor mall featuring shopping and dining options and a spa, cinema, hotel and Metro bus station all within walking distance.

The Seller was represented by the Washington, DC office of Eastdil Secured. The property will be managed and leased by Moore & Associates.

Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 18 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Mike Lewis as principals in Fund II are Fred Hamm, Paul Smith, Jim Yoder and David Seifert.

Moore & Associates is an owner/operator based in Bethesda, MD, with a track record spanning over 35 years. Moore manages over 1.5 million square feet of commercial real estate in both Washington, DC and Austin, TX valued in excess of $325M. The Moore executive team personally invest in every deal to maintain complete alignment of interest with outside capital partners.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at https://www.velocis.com/.

About Moore & Associates
Since its founding in 1979, the Moore team has enhanced the value of its commercial real estate investments through proactive management, leasing, and tenant interior construction, strengthening the decades long belief that platform execution drives down risk while increasing overall return.

Past performance does not predict future results. This article does not constitute an offer to sell, or a solicitation of any offer to buy any securities of the Fund, nor is it intended to be a description of all material factors an investor should consider before investing in the Fund. Prior to making an investment decision, prospective investors should carefully review the offering documents of the Fund for a description of material factors to consider, including risk factors and investor suitability requirements.

Velocis Fund II Raises $120 Million in Capital

DALLAS – (Sept. 30, 2015) – Velocis Fund II, L.P., a private equity real estate fund, today announced it has a total of approximately $120 million in capital commitments (including co-investment capital). Most recently, Fire and Police Pension Association of Colorado (FPPA) committed $20 million in capital. Fund II is continuing to accept capital commitments until it reaches its targeted capital raise of $300 million.

“After carefully tracking our Fund I performance, FPPA made a meaningful commitment to Velocis Fund II. This type of actively-managed, value-add fund appeals to FPPA, as does our ability to deploy capital and unlock hidden value in assets across multiple markets and multiple product types,” said Fred Hamm, Velocis managing principal. “We are quite pleased with our current fundraising velocity, and going forward, will continue to hold rolling closes in anticipation of reaching our fund target sometime in the second quarter of 2016. Our acquisition pipeline is steady, but we’ll be very careful getting our capital out. ”

When incorporating moderate leverage of 65 percent, $300 million of equity will give Velocis Fund II approximately $850 million in purchasing power. Fund II currently has total assets under management of more than $182 million. This includes a traditional office building in Scottsdale, Arizona; a two-asset office building in Sterling, Virginia; and a specialty data center/carrier hotel in Charlotte, North Carolina. Velocis has three years to deploy capital.

Fund II is pursuing a value-add strategy focused on traditional office, medical office, data center and retail properties in select U.S. growth markets. The Fund targets financially-distressed or under-managed U.S. real estate assets in the $20 to $70 million range. The Fund has purchased three assets and anticipates securing 20 to 25 properties over a three-year investment period.

Velocis Fund II is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Joining Fred Hamm as principals in Fund II are Mike Lewis, Jim Yoder, Paul Smith and David Seifert.

Velocis has been active in real estate investment since 2011, purchasing 19 assets located in Arizona, Colorado, Texas, Georgia, Florida, North Carolina, and the Washington, D.C. metropolitan area.

About Velocis
Velocis Fund I and Velocis Fund II are active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Velocis Advisors, LLC provides asset management and advisory services to both investors and real estate clients through separate accounts. Additional information about Velocis can be found at https://www.velocis.com/.

Velocis Purchases Key Charlotte Data Center Facility

Charlotte (Aug. 17, 2015) – Velocis, a private equity real estate manager, has purchased 701 Trade Street, a telecom carrier hotel and data center in downtown Charlotte. This is Velocis’ second asset purchased in North Carolina.

“Velocis capitalized on a unique opportunity to secure this property for its important location at the cross roads of Charlotte’s colocation and connectivity network,” said Jim Yoder, Velocis Principal. “The asset’s status as a prime fiber optic hub combined with the abundant power and security the building offers tenants, creates a significant untapped opportunity.”

The two-story building, which offers expansion opportunities, was built in 1968 and is currently more than 80 percent leased. Significant long-haul fiber routes originate from all directions through the building and it draws a wide array of telecommunications and colocation data center users. Additionally, it is ideally located close to multiple data centers and telecommunication companies including the area’s main AT&T switch.

Velocis partnered with Lincoln Property Company on the acquisition.

“Charlotte offers a dense telecommunication infrastructure that is on par with any Tier 1 city,” said Martin Peck of Lincoln’s data center division, Lincoln Rackhouse. The facility will be leased and managed by Lincoln Harris.

Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 18 assets located in markets in Texas, Colorado, Georgia, Florida, North Carolina and Arizona. Launched in 2010, the Fund is led by principals Fred Hamm, Mike Lewis, Paul Smith, Jim Yoder and David Seifert.

About Velocis
Velocis consists of two entities: Velocis Fund, LP and Velocis Advisors, LLC. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at https://www.velocis.com/.

Velocis Purchases Loudoun Gateway II & III

Washington, DC – (Aug. 6, 2015) – Velocis, a private equity real estate manager, today announced the purchase of two Class-A suburban office buildings located in the upscale Washington, D.C. suburb of Sterling, Virginia in Loudoun Gateway Business Park. The assets, Loudoun Gateway II & III, total 179,864 square feet and are adjacent to Dulles International Airport.

“Loudon Gateway II & III are solid assets located in an exceptional business park in the recovering Northern Virginia market,” said Paul Smith, Velocis principal. “The two buildings provide tenants strong security infrastructure, proximity to the airport and major area government employers, as well as easy access to the new Silver Line rail extension and amenities, scheduled for completion in 2018.”

The two high-quality, interconnected buildings are currently over 90 percent leased by a select group of companies representing some of the premier government contractors in the area. The seller was represented by Chip Ryan of Avison Young. The property will be managed by DTZ and leasing services will be provided by Moore & Associates.

Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 17 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets.

Joining Paul Smith as principals in Fund II are Fred Hamm, Mike Lewis, Jim Yoder and David Seifert.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at https://www.velocis.com/.

Past performance does not predict future results. This article does not constitute an offer to sell, or a solicitation of any offer to buy any securities of the Fund, nor is it intended to be a description of all material factors an investor should consider before investing in the Fund. Prior to making an investment decision, prospective investors should carefully review the offering documents of the Fund for a description of material factors to consider, including risk factors and investor suitability requirements.

Upswing in Old Town Scottsdale: Velocis Purchases Camelback Square

PHOENIX, Feb. 17, 2015 – Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a subsidiary of a fund managed by Oaktree Capital Management, L.P. (Oaktree).
The sale underscores the attractiveness of the project and Old Town Scottsdale.

“The Old Town Scottsdale office market is an extremely popular area that is experiencing steadily rising rents and values,” said Velocis Principal Paul Smith. “Camelback Square is our first acquisition in the Phoenix market, and one we hope to build on as we pursue additional assets in the Southwest region.”

The project buyer, Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 16 assets located in markets in Texas, Colorado, Georgia, Florida and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets.

LPC will continue to manage the property for the new owner.

“Over the last few years, we’ve witnessed a strong tenant demand in Old Town Scottsdale due to the surrounding amenity base of high-end residential, luxury shopping, hotels and entertainment options,” said Oaktree Managing Director Mark Jacobs. “We believe the tenant demand will continue and are looking to make additional investments in Old Town Scottsdale along with other areas of Phoenix.”

The 174,917-square-foot Camelback Square is located at 6991 E. Camelback Rd., at the southwest corner of Camelback and Goldwater roads. It is currently 95 percent leased to tenants including Mastro’s City Hall Steakhouse, ZocDoc, Regus, Ashton Woods, Echo Global Logistics and Digital Airstrike. The project’s on-site amenities include the award-winning Mastro’s (a top 10 steakhouse in the U.S.), a bistro, tenant collaboration space and common area Wi-Fi.

“Old Town Scottsdale is an example of the new creative office environment, with the amenities investors look for to deliver solid rent growth, rising values and strong tenants year after year,” said Lincoln Property Company’s Executive Vice President David Krumwiede, who completed the deal along with Vice President Amr Ceran. “We recognized this when we purchased Camelback Square almost four years ago, and that foundation is even more evident today – following the execution of a repositioning plan that re-energized this asset as a long term centerpiece project.”

LPC and Oaktree purchased Camelback Square out of special servicing in June 2011. Since that time, they have completed a major renovation including new building entrances, modern lobby and common area finishes, a courtyard water feature and patio furniture, and upgraded building signage. They also initiated an aggressive leasing plan that – in partnership with Bill Blake, Craig Coppola, Andrew Cheney, Colton Trauter and Gregg Kafka of Lee & Associates – moved the project from just 50 percent occupied to almost 100 percent occupied.

Kevin Shannon, Barry Gabel, Ken White, Paul Jones and Chris Marchildon of CBRE led the project’s investment sales listing campaign.

Camelback Square sits adjacent to the 2 million-square-foot Scottsdale Fashion Square regional shopping center featuring the state’s only Barney’s New York and Neiman Marcus. It is located in the heart of Old Town Scottsdale, a submarket that consistently attracts forward-thinking companies seeking the area’s contemporary mix of office, residential, dining, arts and entertainment destinations.

For leasing information on Camelback Square or to discuss additional investment opportunities in the Desert West Region, please contact David Krumwiede or Amr Ceran at (602) 912-8888.

About Velocis
Velocis consists of real estate funds and Velocis Advisors, LLC. Velocis is active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Velocis Advisors, LLC provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at https://www.velocis.com.

About Lincoln Property Company
Lincoln Property Company (LPC) is an international full service real estate firm offering real estate investment, development, design/construction management, leasing and property management/receivership/asset management services. Founded in 1965, LPC has approximately 6,800 employees and maintains a presence in more than 200 municipalities in the United States and three countries throughout Europe. The company has developed more than 126 million square feet of office, industrial and retail projects, and 182,000 multi-family units. Property management assignments currently include more than 148 million square feet of commercial space and 146 million square feet of residential property. Acquisition activities exceed $4.0 billion in commercial properties and $3.5 billion in residential properties. LPC’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001. In that time, the regional office has developed approximately 3 million square feet, acquired 4 million square feet and manages approximately 7 million square feet of commercial space, including major, award-winning and LEED Certified developments and investments. LPC is consistently ranked among Phoenix’s top commercial real estate firms for both development and property management. For more information, visit www.lpc.com or www.lpcphx.com.

About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $90.8 billion in assets under management as of December 31, 2014. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 17 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.