Principal Real Estate Investors has developed more than $5 billion of successful real estate projects. Product Types Multi-tenant or single-tenant distribution warehouses Multi-tenant suburban office buildings Multi-tenant service center buildings Multi-tenant flex properties Multi-tenant retail centers Apartment complexes (200 - 350 units) Condominiums (100 - 250 units) Target Markets Atlanta, GA Austin, TX Boston, MA Chicago, IL Dallas, TX Denver, CO Ft. Lauderdale, FL Houston, TX Kansas City, MO Los Angeles Metro Area Miami, FL Minneapolis/St. Paul, MN New York/New Jersey Oakland, CA Orlando, FL Philadelphia, PA Phoenix, AZ Portland, OR Raleigh/Durham, NC Sacramento, CA San Antonio, TX San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St. Louis, MO Tampa, FL Washington, DC Other markets will be considered on a case-by-case basis. Transaction Size Single location: Prefer $10-$100 million total project costs, but will consider larger and smaller sized transactions. Portfolio - Multiple MSAs: Prefer $75-$150 million, may consider larger transactions. Structure Joint Ventures Incentive development deals Fee development deals Forward commitments Risk Spectrum Prefer land sites that can be developed in 1-2 years. Speculative development anticipated. Quality No known material environmental risk. Good site location. Property must be zoned prior to closing.