Current Investments

Class A Medical Office Building Premier High Growth Location; 10,500 sf Expansion Pad

Lake Nona, Orlando, FL 

Structured Participating Preferred Equity

  • ~29,000 square foot, fully operational, Class A building completed/opened in 2017  
  • ~90% Leased, NNN, with long terms 
  • The Lake Nona area is a 17-square-mile development in the City of Orlando, Florida which is the home of a thriving Health & Life Sciences Campus, with more than 2.6 million square feet of clinical, institutional and laboratory buildings
  • Currently under management (1)

Class A Micro-Hospitals (Package of Two) Pre-leased to Major PE-Backed Hospital Operator

Indianapolis, IN

Structured Participating Preferred Equity 

  • New Facilities Completed Q3 2018
  • One opened Q3 2018; the other is scheduled to open Q1 2019
  • 100% Leased, NNN, with long effective lease terms 
  • The micro-hospitals operate under a JV arrangement with a major nationally-backed hospital system
  • Currently under management (2)

Class A+ Trophy Residential Properties (Package of Two) - First Lien, High Yield, Structured Loan

Chicago, IL and Paris, France

Structured Secured Loan; UCC-1 Rights

  • Ultra-low LTV exposure across two otherwise unencumbered assets
  • Perfected French-law mortgage on Paris, France asset and pledge of sales proceeds on Chicago, IL asset
  • Currently under management (2) 

Completed Investments

Class A Medical Office; 100% Leased to Moody's A1 Tenant

Jacksonville, NC

Structured Fixed Participation Preferred Equity   

  • New Facility Completed/Opened in 2017/2018
  • 100% Leased, absolute NNN, with long lease term to premier tenant rated Moody's A-1
  • 1031 transaction 
  • Successful exit with full return on invested capital earlier than originally forecast
  • IRR and ROE significantly better than originally forecast (1)

Class A Student Housing Portfolio (Package of Three)

UF, UTenn & UGA

Structured Fixed Participation Preferred Equity 

  • Event-driven opportunity giving rise to a priority position in the cash flows from three fully leased Class-A student housing facilities - Over 1800 beds in total
  • Incredibly attractive preferred equity risk attachment-point across the portfolio (73%) with strong preferred equity coupon payment coverage (1.33x)   
  • Successful exit with full return on invested capital earlier than originally forecast
  • IRR and ROE significantly better than originally forecast (2)

Class A Retail Center; Late-stage Development

Athens, GA

Structured Fixed Participation Preferred Equity 

  • Exceptional collateral coverage driven by pre-investment valuation and control structure 
  • Actual reposition expenses lower than originally forecast 
  • Successful opportunistic disposition into strengthening real estate market earlier than originally forecast - all cash sale 
  •  IRR and ROE significantly better than originally forecast (2) 

Corporate Finance Transaction Special Situation Acquisition

 Investment Grade Assets/Deposits

 Structured Participating Preferred Equity 

  • Reluctant sale of structured financial transaction equity driven by US regulatory changes 
  • Underlying assets 100%: current pay, US dollar, investment grade bonds and bank deposit-backed assets 
  • Above market cash-on-cash current return driven by purchase price and structuring 
  • Successful opportunistic disposition for sales price premium over par - all cash sale 
  • IRR, ROE & MOIC significantly better than originally forecast (2)


First Lien, Secured Loan Backed by Annuity-like Cash Flows

Fixed Income Annuity Stream

 Structured Secured Loan; Account Control

  • Over-collateralized high-yield loan to a high net worth former C-level executive of a $4B+ annual revenue company in the IPO process 
  • Security consists of a durable, annual, fully funded retirement income stream and personal guarantee 
  • Stock options received as additional consideration 
  • Loan prepaid in full prior to final maturity date (including all interest due on maturity) at a significant return premium 
  • IRR and ROE significantly better than originally forecast (2)

Workforce Housing Multi-Family Complex/Covered Land Play

Houston, TX

 Structured Fixed Participation Preferred Equity 

  • Cash-flowing asset sitting on valuable land in rapidly gentrifying Montrose neighborhood of Houston
  • Acquired at a significant discount to current market value
  • Exceptional coupon coverage on mandatory mid-teen current pay yield
  • Significant increase in rents since acquisition with occupancy maintained at 90%+
  • IRR, ROE & MOIC performed as originally forecast (2)

Class A Medical Office Building

Charlotte, NC

 Structured Fixed Participation Preferred Equity 

  • Preferred Equity Investment driven by sponsor timing; Greenstalk closed the transaction in eight days 
  • Exceptional collateral position 
  • Outperformed pre-purchase model on ROE and investment multiple 
  • Sponsor successfully refinanced and redeemed preferred equity units prior to expiration of preferred equity term 
  • IRR, ROE & MOIC performed as originally forecast (3)

5 Acre Beachfront Hotel Development Pad

St Pete Beach, FL 

Structured Participating Preferred Equity  

  • Exceptional collateral coverage driven by pre-investment valuation and control structure 
  • Actual reposition expenses lower than forecast 
  • Outperformed pre-purchase model on ROE and investment multiple 
  • Successful opportunistic disposition into strengthening real estate market - all cash sale 
  • IRR, ROE & MOIC performed as originally forecast (3)

This summary contains results and data from current and prior direct, structured investments backed by commercial real estate or hard assets originated and managed by: the manager of G2 Alternative Asset Management and its affiliates (“G2”); the manager of Greenstalk Capital and its affiliates (“Greenstalk”) ; or the manager of Restruck Capital and its affiliates (“Restruck”) (the "Sample Portfolio"). See Transaction Legend, below. 

 
Transaction Legend: (1) G2 originated and manages/managed these transactions; (2) Greenstalk originated and manages/managed these transactions; and (3) Restruck originated and managed these transactions. 


None of the data presented relating to the Sample Portfolio has been audited. While the information presented is believed to be accurate, only those representations and warranties, which may be made in one or more definitive written agreements shall have any legal effect. When considering the results and data presented relating to the Sample Portfolio, prospective investors and their advisors should bear in mind that the historical results of the Sample Portfolio are not a guarantee or promise that the future results of G2 investments will perform the same way. G2 investments each have unique risk factors and common risk factors, including but not limited to: risk that invested capital could be lost in whole or in part, risk that projected investment returns may not be achieved, and risk that certain assumptions relied on by G2's manager could be wrong. G2 investments - and units representing interests in G2 investments - are illiquid and not readily marketable. This means that G2 may not be able to sell or monetize its investments - and G2 investors may not be able to sell or monetize their interests in G2 investments - at the times it wants or needs to sell them, or at any time. 


The Sample Portfolio is limited in scope to only include direct, structured investments backed by commercial real estate and hard assets. Any other investments or transactions originated and/or managed by the manager of G2 and its affiliates, the manager of Greenstalk and its affiliates, and/or the manager of Restruck and its affiliates are outside the scope of the Sample Portfolio.