TRECAP Partners

TRECAP Allocates $28 Million Suburban Boston Apartment Property

PHILADELPHIA, PA – (January 24, 2012) – TRECAP Partners LLC has allocated its interest in River Pointe at Den Rock Apartments to a Townsend-managed separate account, totaling $28 million in capitalization, including TRECAP’s approximately $9 million in committed equity. Located in Lawrence, MA, the property consists of 174-units and was built in 2000. TRECAP will continue to asset manage the properties on behalf of Townsend and plans to acquire additional properties for the separate account.

The garden-style apartment community sits on seven acres is located near the interchange of Route 114 and I-495 two miles from downtown Andover’s MBTA train station and a 45-minute commute into the Boston central business district. The surrounding area boasts major high-tech, bio-tech, financial services, and manufacturing employers, including Alcatel-Lucent, Raytheon, Pfizer, Gillette, Hewlett-Packard, Nortel Networks, and Victor Corporation. Nearby retailers include Whole Foods, Market Basket, Kohl’s, Showcase Cinemas, CVS, Staples, Pier One, Ethan Allan, and a wide range of popular restaurants. The property features a business center, fitness center with swimming pool, car wash, and direct access to the 120-acre Den Rock Park woodland preserve.

In late 2011, TRECAP allocated interests in three other apartment properties totaling $86 million to the same Townsend-managed separate account. Using a warehouse line of capital through its affiliation with Hunt Companies, TRECAP acquired the properties opportunistically in 2011, joint venturing with local operating partners.

Since 2010, TRECAP has acquired 12 multifamily assets comprising 3,204 units totaling approximately $407 million in capitalization.

ABOUT TRECAP PARTNERS
TRECAP provides real estate investment management and advisory services to pension funds, corporations, sovereign wealth funds, endowments, insurance companies, banks and high-net-worth money managers. The company has $3.2 billion* in assets under management and supervision in the United States and Europe and its portfolios comprise holdings across all commercial property sectors--apartments, office, retail, and industrial. TRECAP is an affiliate of Hunt Companies, Inc., a leading national privately-owned real estate investor, manager, and developer.

TRECAP Partners’ portfolio* includes:
Multifamily: 20,491 units
Office: 3.3 million square feet
Retail: 1.9 million square feet
Mixed-Use: 1.5 million square feet
Industrial: 540,000 square feet

A SEC registered investment advisor, TRECAP seeks to achieve long-term relationships with investors through proper alignment of interests, transparent reporting, frequent and timely communications, and most importantly an enduring commitment to meeting fiduciary responsibility. For more information, visit www.trecappartners.com.

*As of 9/30/2011

ABOUT HUNT
Founded in 1947, Hunt Companies, Inc. has become a leading national privately-owned real estate investor, manager, developer, and contractor. Hunt’s focus and experience is in sectors such as public-private partnerships, military housing, mixed-use, multi-family housing, master-planned communities, government build-to-lease programs, retail, and office. The services Hunt provides to these sectors include Investment Management, Development, Construction, and Asset and Property Management.

Hunt and its affiliates have $10 Billion of Assets Under Management. These assets include 116,470 Multi-Family Housing units, 4.7 million square feet of commercial, 1.5 million square feet of industrial and 2.1 million square feet of retail. Hunt’s expertise is also comprised of over 89,000 housing units built, thousands of acres of land developed, and over 400 projects completed in 32 states. Development project costs have been in excess of $6.3 billion, with over $8.1 billion in construction costs. Hunt’s 2010 gross revenue was over $900 million.

Hunt affiliates include Hunt Building Company, Hunt Development Group, Hunt Communities, Hunt Military Communities, TRECAP Partners, Hunt Capital Partners, WhiteHawk Capital, and LEDIC Management Group. Hunt Companies, Inc is headquartered in El Paso, TX with regional offices in Washington, D.C; Albuquerque, NM; Honolulu, HI; Los Angeles, CA; Chicago, IL; Philadelphia, PA; and Memphis, TN. For more information, visit www.huntcompanies.com.