Differentiated Skill set and approach

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•Years of experience in hands-on management of multiple property types

•Deal structure and large GP investment incentivize investor returns, not asset gathering

•Years of experience vetting investments with a focus on risk and downside

•Extremely selective; will only invest in deals we love

•Opportunistic, not formulaic

•Looking for motivated sellers, generally buying properties well below the asking price

•Need a good answer for “if this is such a good deal, why isn’t someone else outbidding us?”