Site Selection

• Identify the best submarkets for new development

• Tour sites and perform market studies to create economic projections

• Align with local municipalities to create a product that improves the community

Planning

• Site planning

• Budgeting and forecasting

• Entitlement process

• Permitting

Goals

• Minimize risk

• Deliver consistently high returns to our partners

• Coordinate and lead our teams

• Learn and grow

Process

• Utilize both internal and external resources to find the best opportunities

• Prioritize off-market and distressed projects

• Conservatively underwrite transactions to ensure greatest risk/reward.

Due Diligence

• Strenuously review property condition and all service contracts

• Audit all leases and confirm accuracy of provided reports

• Review title and mitigate risk

Execution

• Adhere to internal institutional processes 

• Effectuate business plan at industry leading basis to ensure consistently high returns

• Maintain the highest levels of integrity

Deal Structure

• Anthem may fund up to 90% of required GP equity

• Use of applicable Anthem services required

• Share in promoted interests

• Sponsor to sign all required loan guarantees and/or covenants

Criteria

• Acquisition and recap of existing as well as ground-up development

• Strong ROC using reasonable market assumptions

• Leverage Profile: Non-recourse

Benefits to Sponsors

• Access to vertically integrated institutional platforms

• Access to multigenerational database of industry professionals

• Anthem will act as strategic advisor to Sponsor throughout the project life

Pre-Construction

• Create estimated budget and project schedule

• Strenuously review and value engineer plans

• Coordinate consultants and municipalities to ensure smooth inspection processes

Implementation

• Properly vet and select subcontractors

• Plan and arrange site for proper logistics

• Ensure proper subcontractor compliance and construction accounting

Quality Control

• Weekly mandatory subcontractor meetings

• Detailed punch lists

• Daily field progress reports

Property Management

Family Atmosphere

• Hire the best people

• Emphasize our core values

• Put the customer first

Customer Satisfaction

• Use the newest technologies

• Hold ourselves to above industry standards

• Continually innovate

• Spend smart, not just according to budgets

Communication

• Frequent correspondence between corporate and property levels

• Strict adherence to processes

• Treat everyone with respect

Asset Management

Enhance Value

• Preventative maintenance

• Maintain asset aesthetics

• Property tax management

Steadfast Oversite

• Monthly budget review

• Weekly pricing review

• Weekly collections review

• Monthly property financial reporting

• Annual operations forecasting

Portfolio Management

• Risk management

• Vendor contract negotiations

• Tax prep and year end planning

• Monthly cash flow distributions