GTIS Opportunity Zone Strategy 1[0
GTIS Opportunity Zone Strategy 1[0
Diversified, Commingled Fund
Capital appreciation strategy (10+ yr hold)
Long-term economic, demographic and
social factors that will shape the living and
working environment of the future
Diversified strategy with national
execution to manage market risk and
specific development risk (Multifamily,
SFR, Office, Logistics, Infra)
Commingled diversified pool with
fund-wide waterfall to align
incentives Opportunity
Zones Location-based Approach
Geographically defined areas that have high
need for investment as well as proven
growth potential
Up-and-coming neighborhoods in
Gateway cities - NY, SF, LA
Growth markets — DEN, PHX, DAL
. Market research and submarket
selection critical to identify Opp
Zones that will succeed
Development Oriented Strategy
r "Substantial improvement" - heavy focus on ground-up
development and redevelopment (urban and suburban)
"Original use" - nearly complete projects to mitigate development
risk but at a lower initial yield
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0071203
CONFIDENTIAL SDNY_GM_00217387
EFTA01375648