The Bainbridge Companies

SECURE AREA

Investor Relations:
Corporate Overview

Background

Full service real estate company formed by Richard Schechter in 1993
Florida-based owner, operator, developer, and manager of high quality apartment communities, condominiums, office buildings, and shopping centers
The Bainbridge principals have redeveloped & repositioned approximately 5,500 multifamily units, and developed approximately 5,000 multifamily units
Since its inception, Bainbridge has:
- Redeveloped and repositioned over 4,500 multifamily units
- Developed over 1,300 multifamily units
Bainbridge currently has:
- Approximately 5,500 units under redevelopment or development
- Over 4,500 units under management
140 employees, including on-site personnel

Property Location Map

Services

Acquisitions
Due diligence Acquiring land for development Acquiring existing properties Review & assess sites	Comprehensive market analysis Complete underwriting analysis Due diligence (in-house & coordination of 3rd party vendors) Arrangement of financing for new acquisitions
Construction/ Development
Bainbridge employs a valuable in-house resource on each development and acquisition through its internal Development and Construction business unit Over 100 years of collective experience in building multifamily, residential, general contracting, and development All development and acquisition projects receive a thorough “turn-key” execution including:
Planning & budgeting Entitlement governmental approval Design & engineering Purchasing and contracting	Construction management Product delivery Schedule control Value Engineering

Property Management
Bainbridge Communities Management, Inc. provides full-service property management to our partners and investors. We draw upon the management expertise of a very experienced team of real estate operators and developers. Bainbridge puts this expertise to work through a full range of services which include:
- Strong, local presence in our markets and the ability to provide market knowledge, demographic, and trending information, and accurate information regarding competing properties
- Internet-based instant credit approval and property management software
- Training, recruiting, and competitive compensation programs
- Due diligence
- Property tax services
- Financial and management reporting systems
- Direct property supervision by senior level management
Extraordinary results delivered to Bainbridge’s investors is a direct result of recruiting, hiring, and training high quality people
Established reputation as being innovative in the services that it offers and in the high level of customer service that it delivers

Why Bainbridge

Market Focused
- Ability to source high-quality product / land “off-market”
- Specialized focus on Florida markets
- Ability to source product in high barrier-to- entry markets and source A locations in markets with lower near-term barriers to entry
Product Focused
- The ability to critically underwrite potential investment opportunities is one of Bainbridge’s core competencies and a critical driver of Bainbridge’s track record
In-house capability / Turn-key approach
- Ability to deliver high quality product on time and under budget
- Highly skilled, experienced team
- Alignment of interest – senior management co-sponsorship

Pro-active management style
- On-going cost management
- Revenue enhancements and occupancy optimization
Superior track record of delivering exceptional risk-adjusted real estate returns
- Track record of operating profitability through multiple real estate cycles
- Track record of delivering exceptional returns through a number of alternative strategies
  - Development
  - Redevelopment
  - Repositioning through pro-active management

Strategic Relationships

Bainbridge has developed strategic relationships with the following capital partners:
Investor	# Transactions
Affiliates of Lazard-Freres & Co, LLC	7 properties
Affiliates of Fidelity	10 properties
GE Capital	1 property
Boston Capital	3 properties
Affiliates of Lehman Brothers	9 properties
Affiliates of AIG	1 property

THE BAINBRIDGE COMPANIES 12765 W. Forest Hill Blvd., Suite 1307 Wellington, FL 33414
(561) 333-3669 • Fax (561)793-6820 • probinson@bainbridgere.com