The management team’s investment experience with both performing and non-performing commercial real estate debt allows the firm to analyze a wide range of structured debt transactions. Members of the management team have acquired and managed FDIC non-performing loans, distressed whole loans, subordinate CMBS, performing whole loans, and other forms of structured debt products. We are positioned in a unique capacity to acquire structured real estate debt and provide 3rd party advisory services to firms investing in structured products. The current dislocation in the real estate capital markets has created pricing inefficiencies that can be selectively converted into attractive investment opportunities. We aim to capitalize on these opportunities by targeting performing and non-performing real estate debt that fit our risk and return profiles. Through the use of our proven analytical process, we believe our investments will generate stable investment income and capital appreciation. The result is a balanced, diversified portfolio of real estate debt investments in targeted markets, primarily in the United States. We also have the ability to acquire international investment grade and non-investment grade CMBS and other forms of real estate debt, taking advantage of our expertise in analyzing underlying collateral in overseas markets, the relatively limited number of investors and the high yielding opportunities.