Strategy

• Identify new or newly renovated cash flowing mission-critical government properties.
• Seek AAA credits.
• Three-step diligence process to achieve 98% certainty of lease renewal.
• Target annual cash returns 7-8%. IRR upon sale 11-15%. Equity Multiple 2x.
• Actively manage the properties to service tenant and create added value.
• Renegotiate and optimize a new 10 year lease to follow the current lease.
• Sell when the new long term lease, at a higher rent, is in place.