Target Core/Core Plus Project Acquisition Criteria

RedBridge Capital is actively acquiring appropriately-located student housing communities in the Western United States. The principals of RBC have a strong track record of timely and efficiently closing student housing transactions and unlocking and creating revenue growth.

THE FIRM'S GENERAL ACQUISITION CRITERIA INCLUDE:

Market: Western United States.

Property Size:  50-1,000 units.

Location:  Adjacent, close proximity and/or easy pedestrian access to major University and College campuses (20,000+ enrollment).

Criteria: Core and Core plus assets with some rents/operational upside that will benefit from leasing and operational programming changes.

Key School Markets: USC, UCLA, UC Berkeley, UC Davis, UC Riverside, UC Irvine, San Jose/San Diego/San Francisco State University, CalState Fullerton/Northridge/Long Beach/Los Angeles/Pomona, UNLV (Las Vegas), University of Washington, UT Austin, UT Arlington.

Investment Hold Period: 5 to 10 years.

Investment Size:  $10-500 million.

Financing: Ability to obtain new financing or assume existing debt through existing established lending sources.

Building Type: Garden-Style, Low/Mid/High-Rise, Dedicated Student Housing, Mixed-Use Apartments.

Property Class: Class A and Class B product.

Investment Type: Fee simple, partnership interests, loan assumptions and multi-property portfolios.