Current Investment Strategy

Currently Targeted Investments

Although Brookdale will consider real estate or real estate-related investments located anywhere in the United States, the firm's current investment focus is on existing, high-quality, value-add suburban office properties or portfolios located in the Mid-Atlantic, Southeast and Southwest regions of the United States (the "Sunbelt").

Current Geographic Focus

Brookdale has identified 12 Sunbelt markets as those which are currently of primary interest to the firm for investment purposes. Brookdale has further identified 68 submarkets within those 12 markets where existing market conditions best fit the firm's Current Investment Criteria.

Investment Structures

There are three investment structures through which Brookdale typically invests:

Outright acquisitions of existing individual office properties or office portfolios.
Recapitalizations of office properties or office portfolios through investments in joint ventures or similar strategic relationships with proven office developers/operators.
Purchases of asset-secured debt where the underlying collateral is determined to be desirable office properties which can be acquired through foreclosure, if necessary

Equity Capital and Debt

In the firm's currently active investment fund, Brookdale Investors Six, L.P., Brookdale has approximately $410 million of equity capital which is available for immediate investment. If debt is to be utilized in connection with an investment, Brookdale will arrange such debt at levels typically ranging from 50-60% of total investment cost.

Contacts

Seabie W Hickson, III
Executive Vice President

404-364-8080

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Dan Ethridge
Senior Vice President/Acquisitions

404-364-8080

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Robert Turner
Senior Vice President/Acquisitions

404-364-8080

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