THE GALLERY AT FATVILLAGE

BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS RFP SOLICITATION N2111265P1REAL ESTATE DEVELOPER FOR DEVELOPMENT OF 600 N. ANDREWS AVE

Submitted by:

Related FATVillage, LLC

In Joint Venture with

The Gallery at FATVillage meetsall of the goals of BrowardCounty while providing edgydesign features, affordablerents, and building componentsthat will integrate well with thelocal community

PARTNERSHIPRelated FATVillage, LLC

In Joint Venture with

EXPERIENCE & PROVEN PROFESSIONALS

90,000 Units Since 1979

EXPERIENCE & PROVEN PROFESSIONALS

• Leader in Affordable and Workforce Development• Track Record of Community Involvement• Commitment to CBE Hiring

EXPERIENCE & PROVEN PROFESSIONALS

• Visionaries behind Flagler Arts & Technology (FATVillage) District

• Established 2002• Major Investors and Property Owners

KEY STAFF

Alberto Milo, Jr.Principal and Senior VP

Doug McCrawPrincipal and VP

Luis CastellonVP of Development

Project Manager

Tony Del PozzoVP of Finance

EXPERIENCE & PROVEN TRACK RECORDMIXED USE

INFORT

LAUDERDALE

The Manor at Flagler Village398 Units and 25,000 SF Retail

New River Yacht Club249 Units and 4,400 SF Retail

EXPERIENCE & PROVEN TRACK RECORD

Loft II496 Units and 10,000 SF Retail

AFFORDABLE HOUSING

Town Center127 Units

DESIGN TEAM

LEAD ARCHITECT• Preeminent Architectural Firm in

Fort Lauderdale• Over 10 projects with a value of

over $500m in Fort Lauderdale• Notable Projects

• Manor at Flagler Village• Progresso Pointe • Wisdom Village Crossing

DESIGN CONSULTANTS

Landscape Architect Local Architect Artistic Consultant

CONSTRUCTION MANAGEMENT TEAM

• Over 6 million SF of Multifamily• Multiple Related Group Projects• Strong Track Record of CBE Hiring &

Community Participation

SMALL BUISNESS DEVELOPMENT

CBE FIRMS

• Development• 191 Units – 150 Workforce/Affordable and 41 Market Rate

• Live-Work Units on first two floors• Efficient and highly functional unit layouts to allow for lower monthly rents

• 4,000 sf of retail space for Art Café• Edgy design and streetscape improvements to complement the FATVillage

Development• Unit Features and project amenities that are comparable to Market Rate

Communities• Sustainable Design Features

BEST PROJECT APPROACH

• PRH Investments, LLC - Parent Company and Guarantor • Over $380MM Net worth and $180MM liquidity• Relationships with every major lender doing business in South Florida

• Lease with Broward County• Proposed 60-year Lease Term• $300,000 up-front payment to the County• After stabilization, annual lease payment equal to 25% of net cash flow with

$100,000 minimum payment increasing 3% annually

GREATEST FINANCIAL STRENGTH &COMPENSATION TO COUNTY

FINANCIAL STRATEGY

• Construction Loan Commitment from JP Morgan Chase • Plan is not contingent upon CRA Loan • Permanent Loan Commitment from Pillar Multifamily – DUS Lender for

Fannie Mae & Freddie Mac• Inclusion of market rate units provides for larger permanent loan• Ability to manage efficiently, keeping operating costs down and improving

the feasibility of the project

STRONG TEAM WITH SUBSTANTIAL CAPACITY TO HANDLE WORKLOAD