Preserving Capital while Creating Wealth

ABOUT THE BANYANTREE GROUP

BanyanTree Group is a nimble private real

estate investment company focused on

investing in well-located income producing

multi-family and commercial real estate

properties in California, Nevada, Arizona and

Texas.

The investments we pursue offer attractive in-

place cash flow and the ability to create

additional value through renovation,

repositioning and re-branding.

BanyanTree Group invests its own equity

alongside both institutional and private equity

investors who are aligned with our goal of

Preserving Capital while Creating Wealth

through carefully selected investments with

superior risk-adjusted returns

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COMPANY VISION COMPANY CORE VALUES

Ethical Ethical and transparent business dealings

DiligentDiligence, hard work and utmost care

InnovativeInnovative and creative solutions

Committed Commitment to performance and quality

TrustworthyTrust amongst all stakeholders

Achieve the highest possible standards and be the

preferred choice for all stake holders in our business

and within our market area

Preserving Capital while Creating Wealth

COMPANY MISSION

C

BanyanTree Group’s investment philosophy is driven by its goal of Preserving Capital while Creating Wealth

achieved through disciplined investments in assets with superior risk-adjusted returns

Real Estate markets are inherently inefficient - price does not necessarily

equal value - this allows skilled and patient investors to acquire assets at

prices below inherent value and monetize assets at a prices above value

Our approach is founded on the following convictions:

INVESTMENT PHILOSOPHY

Adverse and favourable market conditions occur with increasing regularity.

Appropriate use of flexible leverage and maintaining adequate liquidity

provides the ability to withstand market shocks, and to take advantage of

associated market opportunities

A well-defined investment plan that contemplates possible courses of

action under adverse circumstances with disciplined and pro-active asset

management that evolves to reflect changing circumstances is key to

managing and mitigating risks

Risks that can result in significant loss of capital must be completely

avoided

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COMPETITIVE ADVANTAGES

Niche Market Focus:

Late recovery markets

Markets dependent on energy

Motivated Team with no

Legacy Assets:

• Meaningful co-investment from

the team that is not burdened

by legacy assets allowing it to

fully focus on future

investments

Experienced Management

Team:

Acquired or overseen acquisition of

$2.7 billion of real estate assets

84 properties (21,471 multifamily

units, 5.0 M SFT commercial space)

On-ground Local Presence:

Offices in San Francisco, Houston

and New York

Existing Relationships & Off-market Deal

Sourcing Ability:

Extensive and deep rooted network of

relationships across the industry developed over

25 years

Enabled the team to participate in negotiated off-

market situations

Technology Savvy:

• Tech savvy team

experienced in

intelligent revenue

management, use of

social media etc

Proven Investment Credentials:

• Continuation of existing successful and

proven investment strategy

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STRATEGY

BanyanTree Group employs a data

driven approach to understand

economic conditions, monetary & fiscal

policy, analyse forecasts, demographic

trends, rental rates,

vacancy/occupancy data, absorption

trends, replacement costs and

supply/demand conditions, to select

markets that exhibit superior growth

potential.

We combine this information with

intimate local knowledge and local

operational experience to select

carefully, underwrite realistically,

structure conservatively, and

opportunistically acquire well located

underperforming and undervalued

assets.

Upon acquisition the team implements

a well-defined investment plan with

disciplined and proactive asset

management that evolves to reflect

changing circumstances by finding

creative solutions to unforeseen or un-

anticipated challenges

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Size $10 million +

Price significantly below today’s replacement costs

With rents that are lower than comparable properties and materially lower

than competing or better quality properties

Where rents can be increased higher than inflation in the first three years of

ownership through renovation and repositioning of the property

Dated physical plant, amenities and unit interiors that do not meet the standard

and requirements of today’s renters

Age: 10 to 30 years - Class: B- or better

INVESTMENT CRITERIA & GEOGRAPHIC FOCUS

BanyanTree Group will focus on well located garden style multi-family properties comprising more than 250 units

that provide an opportunity to increase NOI at a rate faster than the overall market in the initial two to three year

period of ownership. We will focus on markets with strong near-term demand and limited near-term supply.

More specifically we will acquire properties that meet the following criteria:

Are inferior or are of lesser quality then the overall sub-market

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DIRECT

OVERSIGHT

8,682 UnitsMulti-Family

2.7 Million SFOffice

$1.3 BillionEquity Invested

12,799 UnitsMulti-Family

2.3 Million SFCommercial

$1.4 BillionEquity Invested

EXPERIENCE

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Extensive real estate relationships developed over 25 years

Local presence in all markets we operate in

Deal flow pipeline that generates proprietary opportunities

Twenty-five years of disciplined and conservative underwriting tested and refined in all cycles

of the market

Integrated in-house team approach (acquisitions, management, construction and marketing)

provides the ability to expeditiously and thoroughly evaluate assets and develop and

implement value-enhancing business plans.

Maximizing potential through diligent asset oversight and control of day-to-day operations

Proven hands-on entrepreneurial operating ability

Management of risk to preserve capital remains BanyanTree Group’s guiding principal

Experienced team focused on risk management for Preserving Capital

while Creating long-term Wealth

ELEMENTS OF SUCCESS

Superior Risk

Adjusted Returns

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TEAM

Tarak Patolia is founder and managing principal of BanyanTree Group. Tarak is responsible for the firm’s overall strategy, finances, operations and culture. Prior to starting BanyanTree Group, from 1994 to 2016, Tarak served as Chief Investment Officer at Sterling Equities, Inc., the family office of the Wilpon and Katz families the owners of the NY Mets. At Sterling, Tarak was involved in the formation, capitalization and administration of five real estate investment funds. He spearheaded the negotiation, acquisition, asset management and disposition of over $4 billion of real estate and real estate related assets. Prior to Sterling, he was a technical analyst in New York and a practicing architect and a real estate developer for companies he founded in his native India.

Tarak serves on the Board of Directors for National Multi-Housing Council and is an active member of National Association of Industrial and Office Properties serving on the Capital Markets Forum. He has been a frequent speaker at the International Management Network's Opportunity Fund Conferences, National Multi-Housing Council conferences as well as several other industry events.

Tarak received a Master in Business Administration degree in Finance from Pace University and a Bachelor of Science degree in Architecture from the Centre for Environmental Planning and Technology University in Ahmedabad, India.

Manish Shah is a partner of BanyanTree Group. Prior to joining BanyanTree, Manish served as principal and manager of numerous real estate assets including controlling equity, mezzanine and senior debt investments. His prior experience includes executing a turnaround of a publicly traded company, where he was responsible for business and real estate acquisitions and divestitures. He has executed private equity transactions for Morgan Stanley and has advised on numerous M&A and financing transactions for public and private companies while at Bear Stearns and Morgan Stanley. Manish graduated with honors from Harvard Law School, and graduated with honors and distinction in two majors from Yale University

Paula Newton is a partner of BanyanTree Group, prior to joining BanyanTree, Paula was Chief Operating Officer of Sterling’s Southwest office in Houston, Texas. She was responsible for the asset management of over 4,000 multifamily apartments for the Sterling American Funds. Prior to her affiliation with Sterling, she was the co-owner and manager of a residential and commercial real estate company and a regional vice president of a large national management company. Paula earned a Bachelor’s and Master’s degree from North-eastern Illinois University.

Tarak PatoliaFounder

Manish ShahPartner - Capital Markets

Paula NewtonPartner - Asset Management

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P r e s e r v i n g C a p i t a l w h i l e C r e a t i n g W e a l t h

Tarak Patolia101 California Street, Ste 2710, San Francisco, CA 94111

D: 415-358-0899 | F: 415-358-0849 | C: 917-676-0655

E-mail: tarak@banyangrp.com

Website: https://www.banyangrp.com