EFTA01375661.pdf

Office and Retail Development (Bronx, NY)* Key Facts Project Overview • Off-market opportunity to develop a 67,000 sq. ft. office and retail property in the Bronx, with an experienced local developer and Project Type: Office and retail development construction firm, who are existing GTIS operating partners Est. Equity Commitment: $18M • Excellent transportation access, located 3 blocks from the Grand Total Project Cost: $24MM Concourse subway stop with 2, 4, and 5 subway lines, providing easy access through both the east and west sides of Manhattan, as Size: 67,000 sq. ft. well as into the Bronx and other boroughs Partner: Signature Urban • Very little new office development in the Bronx, combined with a limited pipeline, is anticipated to result in strong leasing interest • Located in the rapidly transforming Mott Haven neighborhood, with significant residential and retail development surrounding the project ▪ Sponsor owns the site through a 99-year ground lease with scheduled payments until 2063, resulting in very favorable cash-on- cash metrics • Project is ready to commence construction with full entitlements and a guaranteed maximum price in-place • Sponsor has requested a structured transaction with the ability to take GTIS out at a fixed price at a later date Structure results in strong equity-like returns but with a debt-like risk profile that is more resilient to downside scenarios "There can be no guarantee that the project will be consummated by GTIS Qualified Opportunity Fund LLC or at all 25 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0071217 CONFIDENTIAL SDNY_GM_00217401 EFTA01375661