KI Florida Fund II, LLC Company & Fund Overview 2901 W. BUSCH BOULEVARD, SUITE 901 TAMPA, FLORIDA 33618 PH: (813) 554-1200 KENNEDYINVESTMENTS.COM
Disclaimer This presentation has been prepared by Kennedy Investments, Inc. for informational purposes only and is being furnished solely for its recipients in consideration of investments or transactions involving Kennedy Investments. Although this information has been compiled with considerable care to ensure its accuracy as of the date of publication, Kennedy Investments and its agents make no representation or warranty, expressed or implied, with regard to the accuracy or completeness of the data or information presented. By reading and reviewing the information contained in this presentation, the recipient acknowledges and agrees that Kennedy Investments and/or its agents assume no liability to any party for any loss or damage caused by the use of the information presented, or by errors or omissions in the information contained herein, in making any investment decision, whether such errors or omissions result from negligence, oversight or any other cause. In no event will Kennedy Investments and/or its agents be liable to any party for any direct, indirect, special, incidental or consequential damages of any kind arising out of the use of this presentation or any information contained herein. Kennedy Investments and/or its agents specifically disclaim any guarantees, including but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein. Investors should conduct their own investment analyses and due diligence and draw their own conclusions regarding investment decisions. Questions about taxes or specific legal and technical matters must be referred to lawyers, accountants, brokers and other professionals licensed and qualified to render such advice. By accepting this presentation, each recipient agrees that it will not copy, reproduce or distribute it in whole or in part at any time without the express prior written consent of Kennedy Investments. 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Contents/Overview About Kennedy Investments Market Opportunity & Investment Strategy Highlights of KI Florida Fund I (launched January 2017) Overview of KI Florida Fund II (launched July 2019) Q&A 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
About Kennedy Investments Regional Experience : Active owner, manager & syndicator of commercial real estate investments in Florida since 1970 Diversity : Experienced owner and manager of retail, office, industrial, multi- family, self-storage, and other commercial property types. Value-Added Strategy : Decades of proven success in different types of value- added real estate investments Vertically Integrated : Dedicated in-house financial, administrative, property management and maintenance personnel Focus on Relationships : Strong ties to the community and longstanding relationships in regional banking, legal and real estate circles Proven Performance: Estimated investor IRR of +22% on KI Florida Fund I (realized and unrealized gains) 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Current Investment Portfolio Approximately $100M in assets & 1MM sq. ft. under management (as of Q3 2019) 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Principals Jay Kennedy, President 24 years of investment, brokerage, leasing, development and construction management experience. Graduate of Miami University with BA in Business. Joined Kennedy Investments in 2001. Darren A. Wilson, Vice President 20+ years of management and entrepreneurial experience in technology, legal and real estate businesses. Earned a BA from the University of Virginia and MBA from the University of Texas. Joined Kennedy Investments in 2011. 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Management Team Cristina Paredes, Controller 17 years of commercial real estate accounting experience; started with Holsten Real Estate Development Corporation in Chicago Joined Kennedy Investments in 2014 Victor Pietropaoli, Director of Facilities & Construction 37 years of direct construction industry & property management experience 24 years with Kennedy Investments (joined the company in 1995) Tammy Roque, Director of Property Management 25 years of commercial property management experience with Opus South, Cushman & Wakefield, RMC Property Group, and CLW in Florida Joined Kennedy Investments in 2018 Ryan Hutkowski, Director of Leasing & Brokerage 8 years of commercial real estate experience as a research analyst & broker Joined Kennedy Investments in 2015 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Investment Strategy & Market Opportunity 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Value-Added Investing Value-added real estate investments require the efforts of an experienced operator to increase an asset’s income and market value. Kennedy Investments has decades of experience identifying undervalued, underperforming properties and working to enhance their value. 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Acquisition Strategy Regular consultation with area brokers, executives, and banks to identify potential on- and off-market acquisitions. All types and classes of commercial real estate investments are evaluated for potential value enhancement through rehabilitation, re-purpose, lease- up or superior management. Packaged or bundled transactions are evaluated to obtain desirable assets at a discount. Note purchases are evaluated with the option of loan restructuring or foreclosing on the underlying asset. Local relationships and the perspective of 50 years in the region create an edge in performing due diligence and executing value-added strategy. Kennedy Investments performs due diligence and deploys capital quickly, cultivating its reputation as a credible, knowledgeable buyer in the market. 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Why Florida? From 2010 to 2018 Florida’s population grew by 15%, surpassing New York to become the 3rd most populous state at nearly 22 million and an annual growth rate over 1.6% Florida is the 4th largest economy in the US (19th in the world) Florida is ranked the 3rd best recession-proof retirement destination by Forbes, and is a top relocation state for the 75 million Baby Boomers reaching retirement age No personal income tax and the 4th best business tax climate in the U.S. (Tax Foundation BTC Index) Strong growth projections for population and economy in the coming decade 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
Why Tampa Bay? Tampa Bay’s population grew to over 3.1M in 2018, an increase of 13% since 2010, becoming the nation’s 18 th largest metropolitan area Tampa Bay scores 89.7 on the national cost-of-living index, making it one of the most affordable large metros in the U.S. (C2ER) The region is home to championship NFL, NHL and MLB teams, amusement parks, tourist destinations and top-rated beaches More than $6.5B in large-scale commercial developments are underway in Tampa Tampa is home to Florida’s largest, most diversified deepwater port, serving a population of over 8 million within 100 miles The University of South Florida is the 4 th largest in the state and a major research & medical center (and one of 50 colleges and universities in Tampa Bay) Tampa International Airport is booming and consistently ranked among the best airports in the U.S. by business travelers US Central Command (CENTCOM) at Mac Dill Air Force Base in Tampa boasts an economic impact of over $3B in the region 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
KI Florida Fund I Highlights 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
KI Florida Fund I Summary Kennedy Investments launched its first fund, KI Florida Fund I, in January 2017 with $10.6M in equity commitments. Fund I’s capital was deployed into ten diversified investments including office, industrial, self-storage, retail, debt and special purpose properties. Fund I issued its 4th and final capital call in August 2018, attracting an additional $5.7M in co-investment from 2017-2018. Successfully exited two Fund I investments totaling over $7M, earning an ROI in excess of 40% on both transactions. At YE 2018, third-party mark-to-market valuations of Fund I assets estimated investor IRR at over 22% on realized and unrealized gains. Distributions through Q2 2019 equal to 12.5% of invested capital. 2901 W. BUSCH BLVD. | SUITE 901 | TAMPA, FLORIDA 33618 | PH: (813) 554-1200 | KENNEDYINVESTMENTS.COM
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