Carlton Director of Middle East, Kal Osman And Andrew Karaan To Attend Qatar – UK Business Investment Forum This Sunday, Monday and Tuesday in London

March 22, 2017

Kal Osman, Director of Carlton’s MENA Team and with Andrew Karaan, will be in London this Sunday, Monday and Tuesday attending the Qatar – UK Business and Investment Forum  meeting with international investors who are anxious to invest in Manhattan and the United States.

As outlined in part below, we currently control more than $5 billion of Manhattan and U.S. exclusives which we would like to discuss with you.  We have been in business since 1991, and specialize in arranging equity joint ventures and providing large multi tranche debt stacks on cash flowing, transitional and development transactions throughout Manhattan, United States and Europe.

Please see below a sampling of some of the transactions which we currently control:

–          28% IRR, $100 Million Manhattan Construction Preferred Equity Investment – We represent a best-in-class developer who is seeking $100 Million of preferred equity to facilitate the construction loan closing on one of the best condo mixed use projects in Manhattan.  This project is already under construction and there is more than $200 million cash equity which will be junior to your investment.  This property enjoys a phenomenal Mid-town Manhattan location and the developer is guaranteeing the completion of the project and is also partnering with an overseas investor who will be selling the condominiums through their proprietary international relationships where there is tremendous demand for this particular Manhattan condominium project.

–         36% IRR, 3.3x Multiple on New York Entertainment, Retail and Operating Business – You will be partnering with some of the top real estate professionals in Manhattan on this highly profitable entertainment and retail special purpose project.  You will be investing on an unpromoted and pari-passu basis and our client will have a remaining equity investment at least 3x your investment, providing for a true alignment of interest.  This project has fabulous retail, F&B, parking and a truly unique operating business component which will provide worldwide notoriety and branding opportunities.  This project is fully financed, under construction and will be in operation in less than 18 months which supercharges your returns.

–          20% IRR, $20 Million Preferred Equity on Brooklyn Heights Condo Investment – Carlton represents the developer of a 400k sf condominium and retail project in the heart of Brooklyn Heights, one of NYC’s most vibrant neighborhoods.  The project is as of right, has no environmental or possession issues, and work has already begun on the site.

–          13% Current Cash-On-Cash Return On 8.4 Million SF Heavily Cash Flowing U.S. Class A Office Portfolio –This is a phenomenal project with a highly successful property owner who is seeking a JV equity partner to recapitalize a heavily cash flowing suburban office portfolio located in prime locations throughout the United States. The portfolio is comprised of 8.4 million square feet of Class A cash flowing multi-tenant office properties with a Year 1 proforma NOI of approximately $90 million. The portfolio also possesses significant upside as below market rents roll to market levels. The property has an attractive $149 psf and pursuant to reasonable assumptions, you are expected to make a 3.0x equity multiple, a 28% IRR and an average cash on cash return of approximately 13% over the 5 year hold period.

–          10% Current Return on $150 Million (80% LTV) Pref Equity For Stabilized 5 Million SF Industrial and Office Portfolio – We exclusively represents a highly successful owner/operator of an institutional, heavily cash flowing portfolio of industrial, office and retail assets throughout the Northeast and Southeast U.S.  the portfolio benefits from a diverse tenant roster with below-market rents.  The opportunity is for you to provide $150 million of preferred equity which pays a 9% current return and is a 9% debt yield based on the portfolio’s generous in-place NOI.

–          26% Average Cash-On-Cash, 3x+ Equity Multiple – We are the exclusive advisor to a highly experienced hospitality real estate operator who is seeking a JV partner for the acquisition of a North & South Carolina franchised 5-property limited service hotel portfolio.  This portfolio is being bought at an 11% cap on in-place NOI.

We look forward to meeting you in London and further discussing these opportunities.
Howard L. Michaels                Michael Campbell                   Kal Osman
Chairman                                 Managing Director                  Head of MENA
hlm@carltongroup.com       mjc@carltongroup.com          kal@carltongroup.com
(212) 716-5607                       (212) 716-5611                           (917) 332-2056

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