THE · 2019-03-04 · internal audit marketing & social media risk management human resources...

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Transcript of THE · 2019-03-04 · internal audit marketing & social media risk management human resources...

Page 1: THE · 2019-03-04 · internal audit marketing & social media risk management human resources technology support entitlement development management construction management design

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THE CRESCENT HEIGHTS ADVANTAGECrescent Heights® stands at the leading edge of a long history of successfully investing, developing and managing real estate assets.

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38K+Completed Residences

$12BIn Completed Development

150+Completed Projects

INSPIRED LOCALLY,ESTABLISHED NATIONALLY

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EastNew York Boston Philadelphia

SouthMiamiAtlanta

CentralChicago Dallas

WestLos AngelesSan FranciscoSeattleSan DiegoHonolulu

America’s premier urban real estate brand for over 30 yearsPioneering and award-winning projects in America’s urban destinations.

NATIONAL EXPERIENCE INAMERICA’S LARGEST CITIES

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First in nation to introduce condominium conversions to multiple American cities, including Los Angeles, Chicago, Miami, Boston, Philadelphia, Northern Virginia, Dallas, San Diego and New Jersey’s Gold Coast.

First residential rental conversions of historic office buildings in Wall Street neighborhood of Manhattan, leading to over 30,000 conversions of historic office buildings.

First in industry to begin buying large land parcels post financial crisis in premier locations of gateway cities.

First developer to simultaneously acquire parcels, receive entitlements and propose the tallest towers on the West Coast and Chicago’s South Loop

First-of-their-kind, iconic, new construction residences in new neighborhoods such as South of Market in San Francisco, Marina del Rey in Los Angeles, Midtown

Atlanta and Jack London Square in Oakland.

First and only major for-sale developer to foresee the collapse of for-sale market, exiting in 2005 with zero legacy assets.

First ground-up, high-end, amenity-filled rentals in San Francisco’s Mid-Market, NEMA, breathing life into the neighborhood and considered one of San Francisco’s

most dramatically successful real estate stories.

First developer to leverage technology in an innovative way, redefining the con-cept of predictive service and the art of hospitality.

1989

1989

1994

2005

2008

2012

2014

TODAY

30 YEARS OF BEING FIRST

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CURRENT STRATEGYMultifamily and mixed-use represent the safest asset classes in today’s market

Capitalize on expanding demographic

Focus on premium locations in gateway cities

Improve efficiency utilizing cutting-edge technology

Provide extensive amenities and high-end finishes

Target projects of at least 200,000 sq. ft. and a minimum of 150 + units

Multiple exit strategies: (i) rental sale,(ii) refinancing or (iii) condominium conversion

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LONG-STANDING RELATIONSHIPS

Crescent Heights®’ impeccable track record and the considerable asset management experience of our leadership team from the foundation of our relationships with leading business institutions.

Since 2013, Crescent Heights® has closed over $2.5 billion acquisition and construction financing transactions with the Blackstone Group, $1.4 billion permanent loan financing transactions with Bank of China, $500 million land and construction financing transactions with ULLICO, etc.

Crescent Heights® has closed over $1.2 bil-lion of acquisition transactions of both vacant land and existing buildings across the country during the last three years, 70% of which were off-market deals sourced by local teams through long-term business relationships with sellers or brokers.

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MOST INTELLIGENT BUILDINGSAN FRANCISCO BUSINESS TIMES

BEST LUXURY APARTMENT IN CHICAGOHOMESCOUT REALTY

BEST OUTDOOR AMENITIESSF CURBED

BEST MARKET RATE RESIDENTIAL PROJECTSF BUSINESS TIMES

BEST TECHNOLOGYTHE WALL STREET JOURNAL

MOST NOTABLE MULTIFAMILY PROJECT OF 2013SF BIZ JOURNAL

BEST INTERIOR DESIGNCAMME AWARDS

BEST REAL ESTATE DEAL OF THE YEARSAN FRANCISCO BUSINESS TIMES

BEST VIEWS IN CHICAGOSF EXAMINER - READER’S CHOICE AWARD

BETTER BEACH CITIZEN AWARD, DEVELOPERMIAMI NEW CONSTRUCTION SHOW

BEST NEW DEVELOPMENT OF THE YEAR 2014SF APARTMENT ASSOCIATION AND SF BUSINESS TIMES 2015

BEST NEW DEVELOPMENT OF THE YEAR 20152015 SAN FRANCISCO APARTMENT ASSOCIATION

BEST AMENITIES OF 2015 & 20162015 SF APARTMENT ASSOCIATION

SMARTEST, MOST LUXURIOUS HIGH-RISE IN SFFORBES

BEST MULTI-FAMILY PROJECT IN 2017SF BUSINESS TIMES

DEVELOPER OF THEYEAR AWARDNational Association of Home Builders

AWARDS & ACCOLADES

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LEADERSHIPSonny KahnRussell GalbutBruce MeninTomer BittonBrian DuchmanCasey Klein

CAPITAL MANAGEMENTSERVICES

DEVELOPMENTSERVICES

PROPERTY MANAGEMENTSERVICES

EAST COAST

MID-WEST

WEST COAST

SOUTH EAST

CORPORATEOPERATIONS

LEGAL

ACCOUNTING & TAX

INTERNAL AUDIT

MARKETING & SOCIAL MEDIA

RISK MANAGEMENT

HUMAN RESOURCES

TECHNOLOGY SUPPORT

ENTITLEMENT

DEVELOPMENT MANAGEMENT

CONSTRUCTION MANAGEMENT

DESIGN MANAGEMENT

ACQUISITIONSERVICES

EAST COAST

MID-WEST

WEST COAST

SOUTH EAST

INTERNATIONAL INVESTMENTS

STRATEGIC INVESTMENT

FINANCE & STRUCTURING

Highly skilled and structured internal infrastructure performs every aspect of real estate investments and developments in-house

VERTICAL INTEGRATION

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VALUE CREATIONAND RISK MANAGEMENTThe thirty-year sustainable growth and innovation of Crescent Heights® is rooted in a combination of value creation and risk management through every major stage of a real estate project.

ACQUISITIONS DISPOSITIONS

Bespoke product Smooth transition

Asset/portfolio level strategic review

Focus on high-barrier entry markets Local team; local knowledge Customized deal structureQuick executionStrong bargaining power

Professional entitlement teamExtensive experience and track recordRisk-controlled construction management

VALUECREATION

Tech-oriented asset management Economies of scale

Cross-trained staff audit control Expense control: national procurement, utility locking

Inventory control

OPERATIONS

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THECRESCENT HEIGHTSPORTFOLIO

FEATURED

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NEMASAN FRANCISCO

Heralded as the pioneering catalyst project for the Mid-Market revival

“Made in San Francisco” focus includes interior design and art inspired by Northern California flora and fauna

Ideally located adjacent to Uber and Twitter headquarters

Public art by Topher Delaney: “The Promised Land” cartographic piece tied to Northern California

Destination retail making a difference in creating a “neighborhood” out of a traditionally challenged location

SAN FRANCISCO754 RESIDENTIAL UNITS8,557 SQ FT RETAIL SPACE

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JASPERThe architectural vision of Jasper was led by local architect Stanley Saitowitz, drawing inspiration from Film Noir

Improved Lansing Street as a pedestrian-friendly “shared street”

First residential building in San Francisco with on-site water recycling system and living green walls

SAN FRANCISCO320 RESIDENTIAL UNITS

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TEN THOUSANDResidential park with more than an acre of landscaped gardens

One employee for every five homes

360-degree unobstructed views

Eco-friendly walk-to-work Century City location

LOS ANGELES 281 RESIDENTIAL UNITS

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THECRESCENT HEIGHTSPORTFOLIO

NEW DEVELOPMENTS

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SAN FRANCISCO

10 SOUTH VAN NESS524 HOWARD

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10 SOUTH VAN NESSLocated on San Francisco’s most trafficked intersection at Van Ness Avenue and Market Street in San Francisco’s revitalized Mid-Market neighborhood

High-tech neighbors including Twitter, Uber, Yammer, Square, and Dolby Labs, joined by the hippest restaurants, boutique hotels, andretail stores

Adjacent to numerous public transportation nodes

Adding public art, landscaping and outdoor cafés will revitalize 12th Street

Tribute to the famed Fillmore West concert venue that was once on the site

984 RESIDENTIAL UNITS30,450 SQ FT RETAIL SPACE

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524 HOWARD

334 RESIDENTIAL UNITS7,800 SQ FT RETAIL SPACE

Located directly across the street from the new Transbay Terminal - the 6 billion dollar project dubbed as the “Grand Central Station of the West“

The 48-story sustainably-designed, mixed-use tower, will be designed by Handel Architects

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LOS ANGELES

PALLADIUM11TH & OLIVE

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PALLADIUMLandmarking the historic Hollywood Palladium® as part of an urban revitalization project

Community-serving retail that will enliven Sunset Boulevard with restaurants, art and entertainment

Sustainably designed to achieve LEED certification from the US Green Building Council

731 RESIDENTIAL UNITS25,000 SQ FT RETAIL SPACE

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11TH & OLIVELocated in South Park, a downtown neighborhood already home to some of the best entertainment in Los Angeles

Walking distance to the Pico Metro station and the planned LA street car

Pursuing Environmental Leadership Development Project (ELDP) certification to be the first carbon neutral residential project of its size in Los Angeles

794 RESIDENTIAL UNITS12,500 SQ FT RETAIL SPACE

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SEATTLE 1901 MINOR4TH AND COLUMBIA

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1901 MINORBurgeoning Denny Triangle location, adjacent to Amazon’s new campus

Neighborhood retail to revitalize the area

Designed by Gensler, inspired by Seattle’s history

941 RESIDENTIAL UNITS15,000 SQ FT RETAIL SPACE

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4TH AND COLUMBIA100-story icon in historic Pioneer Square

Ground floor destination retail

Public art integrated into facade

Accessible resident work space to minimize use of transportation

The scale and complementary mix of uses allows us to create vertical neighborhoods and a vibrant 24/7 community

1,018 RESIDENTIAL UNITS66,700 SQ FT RETAIL SPACE

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CHICAGO NEMA

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NEMACHICAGO

Iconic Grant Park location anchoring Daniel Burnham’s vision

Rafael Viñoly designed project to complement classic architecture in Chicago

Inspired by the South Loop hub of civic and cultural life

NEMA features 70.000 square feet of amenities

With stunning views of Lake Michigan and Grant Park

800 RESIDENTIAL UNITS 5,583 SQ FT RETAIL SPACE

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MIAMI 500 ALTON3050 BISCAYNE

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500 ALTONGateway project on South Beach, designed by Arquitectonica

Located at an intersection that currently welcomes over 130,000 vehicles per day

3 acre world-class community park adjacent to 500 Alton Tower

Turning an abandoned structure into 24/7 work-live-play community

410 RESIDENTIAL UNITS82,000 SQ FT RETAIL SPACE

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3050 BISCAYNELocated just a few blocks from the Miami Design District and the highly sought-after Wynwood District

3050 Biscayne is comprised of plentiful open spaces complemented by some of the best panoramic city and bay views that Miami has to offer

800 RESIDENTIAL UNITS134,480 SQ FT RETAIL SPACE500,000 SQ FT OFFICE SPACE

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BOSTON NEMA

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NEMABOSTON Located in the heart of Boston’s historic Seaport District, three short blocks to the waterfront and across Fort Point Channel from downtown Boston

Seaport District is home to museums, hotels, and a burgeoning foodie culture with eclectic restaurants, breweries and tap rooms all within walking distance

NEMA Boston is host to a diverse unit mix from sprawling three bedrooms to innovative micro apartments. Our residences have something for everyone, with an aesthetic that squarely reflects the brick steel and pier neighborhood

414 RESIDENTIAL UNITS3,240 SQ FT RETAIL SPACE

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PROJECTENHANCEMENTS

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Proprietary world-class technology with innovation through prolonged, intense research & development

Designed revolutionary application that enables a building to grow occupancy at record pace and maintains close relationships with itsresidents by leveraging predictive service

Saving time, money, and the environment with entirely paperless leasing offices and touch-point user interactions

TECHNOLOGY

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Designs are unique and inspired by local culture, climate and context with a view towards creating a community that enhances people’s lives, both in and around the project

Collaboration with world-class architects, interior designers and landscape artists

Flexible options to maximize affordability for locals across all lifestyles—from live-work studios tailored to urban creatives to larger family-sized two- and three-bedroom residences

DESIGN

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SUSTAINABILITYCommitment to building green

Projects designed to achieve LEED certification in various aspects of design

Projects are located near major public transportation nodes, and include extensive accommodations for car share, non-car mobility

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ARTUniquely imagined public art spaces that further enhance cities’ prosperity

Paying homage to the history of each location as well as its contemporary life, connecting design and art to the native environment

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RETAILCreative spaces tailored to the neighborhood’s identity and character

Convenient and supportive for the community

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ADDITIONALPROJECTS

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Walton on the ParkChicago, IL

RegattaMarina Del Ray, CA

ShelborneMiami Beach, FL

Regatta BostonBoston, MA

Falls // PinnacleMinneapolis, MN

The Ala MoanaHonolulu, HI

Park TowersChicago, IL

TheobaldsLondon

PortofinoNew Jersey

2601 ParkwayPhiladelphia, PA

The StrandJacksonville, FL

CityFront TerraceSan Diego, CA

EchelonChicago, IL

The RaffaelloChicago, IL

The PalatineVirginia

The Alexander,Miami Beach, FL

Renaissance onTurtle Creek

Dallas, TX

Granville Los Angeles, CA

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ElementTampa, FL

Burnham Pointe Chicago, IL

The Exchange New York, NY

TAOSunrise, FL

Grand ViewAtlanta, GA

MayfairAtlanta, GA

The RemingtonLos Angeles, CA

The ParisNew York, NY

The HanleyNew York, NY

The Metropolitan San Francisco, CA

Ko'oalniHonolulu, HI

The AtlanticAtlanta, GA

The SierraOakland, CAThe LEX

Chicago, IL

MiradorMiami, FL

PalisadesFort Lee, NJ

Grand View Atlanta, GA

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Crescent Heights® is a service mark used by a group of limited liability companies and partnerships. Crescent Heights® Inspired communities are being developed by single purpose companies, whichare solely responsible for their development, obligations and liabilities. Photography may not represent amenities and conditions at all properties. All design, amenities and features depicted by artist’srenderings are subject to change at any time, without notice.