Jamestown was formed in 1983 as a real estate investment and management company with a focus on high-quality current income-producing properties. In 1991, Jamestown expanded its investment profile to include opportunistic real estate funds, targeting the construction, rehabilitation and repositioning of projects with potential for substantial appreciation. Jamestown has focused on conservative investments with proven performance and stable cash flow. 1
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Jamestown has expanded from a regional property investor into a national, vertically integrated real estate operator with approximately $11.8 billion of assets under management as of September 30, 2016. JAMESTOWN OVERVIEW Jamestown was established in 1983 as an investment and management company focused on incomeproducing real estate in the United States. Since 1983, Jamestown has expanded from a regional property investor into a national, vertically integrated real estate operator with approximately $11.8 billion of assets under management as of September 30, 2016. Jamestown s vertical integration comprises in-house capabilities encompassing most real estate disciplines including acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown has over 350 employees in the United States, with its primary headquarters in Atlanta, GA and New York, NY, and additional offices in Boston, MA and San Francisco, CA. All real estate acquisition and asset management activities are coordinated out of the U.S. offices, as well as fundraising, marketing and investor relations for institutional investors. The related company, Jamestown US Immobilien, has approximately 40 employees based in Cologne, Germany, who are focused on investor relations, fundraising and marketing for European investors. Since 2009, Jamestown has invested in timberland in the southeastern United States. Jamestown currently has approximately 46,000 acres of timberland under management on behalf of two closed-end funds for individual investors and one institutional fund. In 2013, Jamestown Latin America was founded to invest in real estate assets in select Latin American markets. With offices in Bogotá and Atlanta, Jamestown Latin America will oversee joint ventures, using its local market knowledge and hands-on asset management experience. 3
Jamestown takes a highly-disciplined, analytical approach to investing across the risk spectrum from core, to opportunistic. ACQUISITIONS Jamestown strategically focuses primarily on two types of markets: 24-hour metropolitan markets like New York and San Francisco and Sunbelt markets such as Atlanta and Miami. These markets show strong demographic and economic growth, bolstered by the presence of emerging industries such as technology and new media. Jamestown takes full advantage of its integrated platform on each acquisition by engaging all company departments in the evaluation of new opportunities a highly-disciplined, analytical approach to investing that has contributed to great success during previous cycles. Within these markets, Jamestown invests across the risk spectrum, from core to opportunistic. Each year, Jamestown considers hundreds of investments, rejecting most and closing on less than 1% that meet the risk/return requirements of the applicable investment vehicle. ASSET MANAGEMENT Unlike many private equity funds that hire third parties to monitor and execute their business plans, Jamestown actively asset manages its entire portfolio in-house. The firm believes that investment management is too important to outsource. Moreover, when Jamestown participates in joint ventures where it is not the dayto-day manager, its experience affords Jamestown the ability to offer insights that facilitate successful management and take on a more involved role when necessary. The Asset Management department maintains a robust team of Asset Managers, Analysts and Project Accountants. As in all efforts, Jamestown strives for quality in its personnel, hiring and retaining some of the best minds in the industry. Traditionally, Jamestown also provides on-the-ground property management for most of its portfolio. Since its inception, Jamestown has managed over 15 million square feet of commercial space. This experience and in-depth knowledge enables Jamestown to add tremendous value to its portfolio and future investments. By staying closer to the real estate asset, management is constantly informed, which allows for nimble and value-maximizing decision making. Strong internal management provides a myriad of other benefits, such as cultivating close tenant relationships and providing tenants with access to expansion or relocation space in multiple markets, all the while maintaining continuity with a single property owner. Jamestown enjoys excellent relationships with prestigious companies, such as Google, Scripps/ Food Network, Major League Baseball, Anthropologie, Williams-Sonoma and J.Crew. 4
PONCE CITY MARKET Originally constructed in 1926, the former Sears, Roebuck, & Co building in Atlanta sat largely vacant for almost two decades until Jamestown purchased the building in 2011. Jamestown redeveloped the property and opened it as a mixed-use community hub in 2015, housing 550,000 square feet of class-a loft office, 330,000 square feet of retail and restaurants, including an internationally-inspired Central Food Hall, and 259 apartments. 5
The Creative & Marketing department s goal is to give Jamestown an essential advantage by adding value to assets and maximizing its position in the market. Jamestown operates at the intersection of qualitative consideration and value creation. Vertically integrated disciplines that span Creative, Marketing, Branding and Leasing ensure maximized potential for each investment and enhanced positioning for assets across the portfolio. REALTY The Realty department works to develop merchandising plans that maximize each asset s retail positioning from both landlord and tenant perspectives, incubating innovative retail concepts and sourcing appropriate tenants. In the effort to capture substantial quality and value in Jamestown s retail assets through leasing, the Realty department conducts retail market analysis, advises on leasing economics, commissions consumer research and develops and implements the merchandising strategy. It is the team s primary responsibility to craft the retail story and then communicate this to brokers and retail brands. Realty also works with the Creative & Marketing department on space configurations, storefront presentations, lease transactions, continuous placemaking and product development. CREATIVE & MARKETING The Creative & Marketing department approaches assets from a brand perspective by developing and implementing distinctive property positioning, designing and producing compelling collateral, activating properties through innovative event programming, reconfiguring community spaces and collaborating with public entities including business improvement districts and neighborhood focused partnerships. The Creative & Marketing team creates and clearly communicates a unified brand and experience that will stand the test of time for each asset. Various components of creative and marketing work include overall branding, graphic design, architectural direction and vision, public relations, photography, advertising, collateral design (digital + print), social media, events, creative planning and budgeting. The end result of this creative and collaborative process is a distinctive, compelling and thorough brand for each asset - one that is activated through exceptional programming and differentiates Jamestown from the competition, while also creating value for each individual property. 6
CHELSEA MARKET With over 1.2 million square feet of office and retail space, Chelsea Market is a unique mixed-use office and retail property located in New York s lively Meatpacking District. The project is situated adjacent to the High Line, a former elevated freight railroad which has been redesigned as a world-renowned elevated urban park, offering Chelsea Market s guests access to an integrated landscape of green pathways. In an effort to fully realize the site s potential and Jamestown s investment, the company obtained additional development rights to maximize the asset s value. 7
1250 BROADWAY 1250 Broadway is a leader in sustainability efforts in New York City. In 2011, the project became the first in in the city to receive Leadership in Energy & Environmental Design (LEED) Gold level certification from the U.S. Green Building Council (USGBC), a monumental achievement that put a stake in the ground for green initiatives in Midtown Manhattan. In 2015, the building achieved and ENERGY STAR label and LEED Gold recertification. As part of that effort Jamestown has maintained various operational programs such as green cleaning and integrated pest management. Projects such as lighting retrofits and occupancy sensors have supported an energy efficiency performance better than 80% of similar buildings, and efficient plumbing fixtures contributed to a 30% reduction in overall water usage. These programs and retrofits complement Jamestown s ongoing repositioning efforts at the 770,000 square-foot property, which have included lobby and penthouse level renovations and overall building improvements. 8
The Jamestown Charitable Foundation is a 501(c)(3) public charity that focuses on sustainable and local food movements, parks and greenspace, alternative transportation, and design. JAMESTOWN INVESTOR TAX SERVICES The Tax Services department performs tax and reporting services for all of Jamestown s 100% owned assets and many joint ventured assets. The department specializes in unique tax issues confronted by joint ventures and funds employing foreign capital within the U.S. In addition, the Tax Services department provides annual federal and state tax returns for more than 25,000 active German retail investors. JAMESTOWN INVESTOR RELATIONS CAPITAL MARKETS Jamestown s dedicated capital markets professionals evaluate the existing and proposed capital structure of each investment and work with fund management to recommend the appropriate capital structure for an investment, taking into account the business plan for each asset. The capital markets team tracks financing rates and maintains international lending relationships to provide access to the most favorable loan pricing and terms. It is not enough to produce good results. Jamestown believes it is imperative to communicate effectively and transparently with its investors. Jamestown investors receive detailed information on the performance of their investments several times each year. 9
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Jamestown envisions investment growth fully aligned with the principles of sustainable development and operations in a way that respects the environment and local communities. By working with partners, employees, and other stakeholders, Jamestown can use resources responsibly while achieving superior results. JAMESTOWN GREEN Sustainability is integrated throughout the company through Jamestown Green, providing overall program management and working with multiple departments to reduce utility costs and the environmental impact of the buildings in the firm s portfolio. Jamestown Green has institutionalized management best practices in sustainability reporting by benchmarking energy, water, waste and carbon footprint data for asset and facility mangers, investors and other stakeholders. Jamestown Green leverages years of sustainability experience to set policies and discuss strategies on how to best address sustainability from due diligence through disposition, using third party certification and reporting programs such as ENERGY STAR, LEED, and the Global Real Estate Sustainability Benchmark (GRESB). JAMESTOWN CHARITABLE FOUNDATION The Jamestown Charitable Foundation supports nonprofits that make our cities more desirable places to live and work. The company provides funds for the Foundation and also raises money annually through events in partnership with the communities in which we operate. The Foundation s areas of focus are sustainable and local food movements, parks and greenspace, alternative transportation, and design and culture. Through the related German company, Jamestown US- Immobilien GmbH, we have financed the construction of an SOS Children s Village for 150 children the Dominican Republic in 1999 and have supported its annual upkeep ever since with contributions totaling $6.5MM. 11
North American Headquarters Ponce City Market 675 Ponce de Leon Avenue 7th Floor Atlanta, Georgia 30308 USA (770) 805-1000 www.jamestownlp.com European Headquarters Marienburger Straße 17 D-50968 Cologne Germany 0221 / 30 98-0 www.jamestown.de