INVESTMENT STRATEGY - QUALIFIED OPPORTUNITY ZOillE3
• Through RXR's ESM Strategy, RXR has amassed downtown redevelopment projects such as (a) large-
scale, single-site, transit-oriented development projects, and (b) master ... development projects; through these
strategies, RXR has built a pipeline of opportunities within QOZs
• RXR's commitment to invest in QOZs provides RXR with access to a pipeline ... opportunities in those areas
• RXR believes that it has a significant "first mover" advantage in deploying capital in QOZs
• Through its existing funds, RXR controls a robust pipeline
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374630.pdf
EFTA01374660Set 10
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Chief Executive Officer
Scott Rechler is the Chief Executive Officer and Chairman of RXR Realty, a multi-billion dollar private real estate company which was formed subsequent to the sale ... billion sale in 2007.
Since its formation in January 2007, Mr. Rechler has led RXR in becoming one of the largest owners, managers, and developers in New York City ... surrounding region. The RXR platform
manages 69 commercial real estate propeitiies and investments with an aggregate gross asset value of approximately $18.1 billion as of June 30.2018. adjusted for transactions
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374660.pdf
CONCLUSION RXR I 53 Alpha Group Capital
• RXR believes that it is uniquely positioned in the New York
metropolitan area real estate market, given its rank as one of
Manhattan ... advantage
• Because of its understanding of the New York Metropolitan
area real estate market, RXR employed its Emerging
Submarket Strategy to be an early mover in peripheral
submarkets
• RXR ... source of a number
of opportunities including those in QOZs, resulting in RXR's
QOZ pipeline
• The creation of the Fund will enable RXR to accelerate
projects within QOZs
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374656.pdf
EFTA01435240Set 10
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Subject: RXR QOZ
From: Andrew King
Date: Thu, 18 Jul 2019 17:44:05 -0400
To: "Paul Barrett
Cc: Stewart Oldfield
Paul,
I thought I'd send a note ... know that we're hosting a conference
call to provide an overview of the RXR Qualified Opportunity Zone Fund with
Michael Maturo, President and Chief Financial Officer, RXR Realty ... attached information on the OZ fund focused on the
New York metro area: the RXR Qualified Opportunity Zone Fund (the "Fund").
EFTA01435240
As an overview, RXR Realty, the sponsor
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01435240.pdf
RXR 53 Alpha Group Capital
IMPACT
INVESTMENT
STRATEGY
It is through RXR's collaborative spirit, and ability to
build relationships and trust, that RXR further
recognizes the need for thoughtful ... fruition in QOZs in the New York Metropolitan area and
beyond.
It is RXR's corporate philosophy of, "doing good and
doing well," by which RXR endeavors to expand ... aligned to achieve a winning outcome for the
community. (R) Signifies a rendering
RXR will the target RXR will '
•
P.- - the RXR will regularly REPORT
impact relevant to the investment
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374632.pdf
Feet: 280/23,752 square feet retail and ancillary
Occupancy: N/A (under construction)
Investment Vehicle: RXR NY Metro Emerging Sub-Market Venture
- .
Investment Date: March 2017 '•-.
. ,1,•
Anticip. Development Budget ... million IIIiiirton• •
Ownership by Affiliates of RXR: 87.2%1
Investment • RXR NY Metro Emerging Sub-Market Venture, together with co-investors, formed a joint venture with the existing land owner ... Street), a mixed-use development located in downtown New Rochelle, NY in Westchester County
RXR NY Metro Emerging Sub-Market Venture and co-investors contributed all equity required
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374647.pdf
EFTA01374631Set 10
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RXR'S QOZ OPPORTUNITIES/PIPELINE INVESTMENTS
XR QO2 Opportunities' os of September 30, 2018
Anticipated
Units/
Investment Development
Square Feet
Budget (000s)
Under Development=
360 Huguenot 280 $142,000
Atlantic Station ... Review (Rollup?
Five Residential Properties 1,648 $778,100
1,648 $778,100
Total RXR QOZ Opportunities 3,129/675,000 $2,100,600
1 There can be no assurance that ... Case GLEN COVE. NY (R)
Studies section of this presentation for
additional detail on RXR's investments Under
Development or in Pre-Development as defined
above.
2. Owned by affiliates
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374631.pdf
iFill
II
RXR 53 Alpha Group Capital
II
Residential, Mixed-Use Development
Number of Stories: 25
Units/Square Feet: 439/34,700 square feet retail
Occupancy: N/A (under construction)
Investment Vehicle: RXR ... Venture
Investment Date: November 2016
Anticip. Development Budget: $206.1 million
Ownership by Affiliates of RXR: 67.2%'
Investment The RXR NY Metro Emerging Sub-Market Venture, along with co-investors ... located in downtown
Yonkers, NY in Westchester County
o The business plan included the RXR NY Metro Emerging Sub-Market Venture and co-investors contributing all equity
required for development
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374640.pdf
RXR WORKS WITH COMMUNITIES AND MUNICIPALITIES TO Ui,ITAP VALUE
RXR's multi-disciplined, fully-integrated platform has developed long-term relationships with
communities and local municipalities, as well ... York metropolitan area
• Through a collaborative spirit and ability to build relationships and trust, RXR seeks to understand the needs
of its constituents in order to formulate thoughtful and responsible ... development, and to bring transformative
projects to fruition
■ RXR's senior management team has been purposefully expanded to include executives with significant
government experience from both the public and private
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374628.pdf
Barnett. Vice Chairman and General Counsel
Jason Barnett is a founding Managing Partner of RXR Realty where he serves as Vice Chairman, General Counsel, and Secretary of the Company ... corporate initiatives. Mr. Barnett is also a member of the Investment Committee of RXR and has been integrally involved in over S37 billion of transactions,
building RXR into ... Portfolio Manager
Richard Conniff serves as Chief Operating Officer and Portfolio Manager for the RXR's Long Island Prime Property portfolio. In his capacity as Chief Operating Officer. Mr. Conniff
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374661.pdf
RXR REALIZED iNVES
RXR Real Estate Opportunity Fund Realized Investments
Aso June 30. 2018
loud tc.dri. ,..‘i
hullo . 4, %%Out!: oil
fin eximcnt
Emu rgunt Sub-Market Strnieo investments ... interest in a non-performing senior Mi221111ilIC loan at a 92% discount to par. RXR believed this loan \MS in a - fulcrum- debt position, potentially
providing for the opportunity ... increased allowing the equity holder to raise
sufficient capital to negotiate a buyout of RXR Real Estate Opportunity Fund's position for over $18.0 million, after only six months, resulting
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374658.pdf
EFTA01375637Set 10
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overview, RXR Realty, the sponsor, is a 500-person vertically integrated real estate owner and developer with a 50-
year history in the metro New York market. RXR has already ... treatment. The final close is
anticipated in October 2019.
Highlights on the Fund include:
• RXR Realty is a large firm with deep roots in the New York area ... firm's current leadership team has worked together for 23 years in RXR Realty and in the predecessor vehicle,
Reckson Associates, a public REIT they sold in 2007
• The firm
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01375637.pdf
serves as a Senior Executive Vice President Portfolio Manager and Head of Investments for RXR Realty. In this capacity, he is responsible for managing new investment initiatives
for RXR. Previously ... Fund Manager
Seth Pinsky serves as Executive Vice President and Investment Manager of the RXR New York Metro Emerging Sub-Market Strategy. In this role, Mr. Pinsky is leading RXR ... planned or in-place infrastructure and other relevant characteristics.
Prior to joining RXR, Mr. I'insky served as Director of Mayor Bloomberg's Special Initiative for Rebuilding and Resiliency, which
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374662.pdf
Alpha Group Capital
• Since 2007, RXR's focus has been the New York Metropolitan area; RXR
believes it has stayed ahead of trends and sought new avenues for growth
that ... leverage its multi-disciplinary skill-set
■ RXR believes its focused, regional investment strategy provides what it
considers to be unprecedented "Power of Local" advantages:
• Ability to manufacture opportunities that produce ... what RXR considers to be
superior risk-adjusted return opportunities
• Long-term relationships with owners, tenants, brokers, contractors and local STARRETT LEHIGH
municipalities
- Continually seek a keen understanding
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374627.pdf