25th Street - grupoCrispa

The Assemblage/
th
25 Street
2015
P- 2
The Assemblage | 25 Street
Un proyecto de Prodigy Network
The Assemblage | 25 Street
¿Por qué invertir
en el sector
inmobiliario en
Nueva York?
Prodigy Network sólo invierte en activos inmobiliarios comerciales
de grado institucional en “prime places” como Nueva York, dado
que históricamente ha demostrado ser un tipo de activo rentable y
estable para inversión.
Como la gráfica indica, desde hace más de 10 años el retorno de los
proyectos inmobiliarios comerciales en Nueva York ha sido mucho
mayor que el retorno de los proyectos inmobiliarios comerciales en
EE.UU y que el S&P500.
Hasta hace poco el retorno promedio de los activos comerciales de
Estados Unidos regreso a los niveles en los cuales se encontraba
antes de la crisis. Sin embargo, el retorno de los activos comerciales
de Nueva York regreso rápidamente a los niveles pre-crisis, lo que
demuestra la resiliencia del mercado de Nueva York.
Comparación de retornos: proyectos inmobiliarios comerciales en Nueva
York vs. proyectos inmobiliarios comerciales en EE.UU vs. S&P 500
Mensual: Enero 1, 2001 = 100, actualizado Julio 29,
IPPC Manhattan,
Retornos Totales
IPPC EE.UU
Valores de IPPC / Retornos Totales S&P 500
P- 3
Dic ‘01
Dic ‘03
Dic ‘05
Dic ‘07
Dic ‘09
Dic ‘11
Dic ‘13
Jul ‘15
IPPC: Índice de precios de la propiedad comercial
Fuente: Real Capital Analytics Inc.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P- 5
The Assemblage | 25 Street
La oportunidad
La oportunidad consiste en invertir en la adquisición y el
desarrollo del edificio ubicado en 114 East 25th Street, para así
beneficiarse de los retornos del desarrollador del proyecto.
En abril 2015, Prodigy Network firmó una opción de compra
del edificio lo cual permite hacer la campaña de crowdfunding
de manera segura para cerrar la transacción en el primer
trimestre del 2016.
La estrategia de Prodigy Network consiste en adquirir
propiedades en Manhattan, ubicadas estratégicamente, para
luego desarrollar un concepto atractivo y generar valor en
la propiedad, lo cual justifica una venta futura que provee
retornos atractivos para los inversionistas.
Razones para Invertir
01. Ubicación: Localizado en Nomad,
un barrio en pleno auge que se ha
convertido en un destino para las
compañías de tecnología, grandes restaurantes e importantes
diseñadores.
02. Estrategia de Desarrollo Innovadora: Liderada por un equipo excepcional, que incluye a la reconocida
boutique de diseño con base en
Nueva York, Meyer Davis, asi como
los desarrolladores Metro Loft y
Shorewood Real Estate Group.
03. The Assemblage: un concepto
innovador que combina espacios de trabajo colaborativo con
apartamentos de larga estadía,
el cual será el hogar de empresarios, emprendedores y empresas
de tecnología, al proveer términos
flexibles para espacios de trabajo
y apartamentos, lo cual permitirá
generar un mayor flujo de capital
y valor, para los inversionistas.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage | 25 Street
P- 6
Ubicación
NoMad, Manhattan
Eleven
Madison Park
Eataly
Flatiron
Building
Madison
Square Park
Assemblage/25th Street
114 East 25th Street
Fuente: Google Earth
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage/25th Street tendrá
45,000 pies cuadrados destinados
a este único e innovador concepto
que combina espacios colaborativos
con apartamentos de larga estadía,
dándole continuidad al concepto que
actualmente se está desarrollando en
The Assemblage/17 John.
P- 9
The Assemblage | 25 Street
¿Por qué desarrollar
espacios de trabajo
colaborativo?
Estos son espacios de trabajo con diferentes
configuraciones, que pueden ser arrendados
por días, semanas o meses, donde sus
miembros comparten un espacio físico
y virtual, así como los equipamientos y
servicios típicos de una oficina.
Los espacios de trabajo colaborativos se han vuelto populares en
Nueva York por 5 principales motivos:
01.
02.
03.
Las restricciones de espacio (el tiempo
de espera promedio para un espacio de
300 pies cuadrados es de 3-5 meses).
Los constantes incrementos en las
rentas.
La inflexibilidad de los contratos de
arrendamiento (la duración mínima de
un contrato suele ser de 1 año).
04.
05.
Los usuarios (profesionales independientes, emprendedores, y pymes,
principalmente) provenientes de diferentes industrias no solo se benefician
de tener un espacio en donde trabajar,
sino que se benefician de trabajar de
forma colaborativa y desarrollar proyectos conjuntos.
Los usuarios desarrollan un sentido de
comunidad.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 10
Demanda por
espacios de
trabajo
colaborativo
The Assemblage | 25 Street
Número de espacios de trabajo colaborativo a nivel mundial
5,000.00
En el 2013, habían 3,000 espacios de este tipo con
1.6 millones de miembros, alrededor del mundo. El
50% de este mercado se encuentra en Norte América;
Nueva York cuenta con 108 lugares de este tipo.
4,000.00
3,000.00
Crecimiento Anual del 70%
Según la encuesta anual de espacios de trabajo
colaborativo de Desk Mag del 2013, la tasa de
crecimiento de esta industria es del 70% y “nueve de
cada diez espacios de co-working esperan crecer el
número de membresías este año. Los mismo aplica
para los ingresos totales (en comparación al año
anterior…)”*.
2,000.00
1,000.00
0.00
2006
2008
2010
2012
2014(E)
* Fuente: http://reseau.fing.org/file/download/128857
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 11
The Assemblage | 25 Street
¿Por qué desarrollar
apartamentos de
larga estadía?
Es un tipo de activo inmobiliario que surgió como solución
para aquellas personas que prefieren hospedarse en un
apartamento en lugar de hacerlo en un hotel. Así mismo, es
una gran solución para personas interesadas en tener un
pied a terre en Nueva York, el cual utilizan esporádicamente
cuando están de visita y se benefician de la renta del mismo
cuando este no esta en uso.
Los apartamentos de larga estadía se han vuelto populares en
Nueva York por cinco principales motivos:
01.
02.
03.
Nueva York recibe más de 56 millones
de visitantes al año y muchos de ellos
visitan la ciudad por periodos extendidos de tiempo.
Los contratos de arrendamiento de
apartamentos tradicionales suelen ser
por un periodo mínimo de un año.
El sub-alquiler de apartamentos tradicionales esta prohibido.
04.
05.
Los apartamentos ofrecen mayor espacio, comodidad y privacidad que un
hotel tradicional.
El precio por noche es más bajo que el
de un hotel de lujo.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 12
Demanda por
apartamentos
de larga estadía
The Assemblage | 25 Street
Número de visitantes y tasa anual de ocupación hotelera en NYC (2000-2014)
Visitantes nacionales
Nueva York recibe más de 56 millones de visitantes al
año y muchos de ellos visitan la ciudad por periodos
extendidos de tiempo.
Tasa de ocupación hotelera
100
60
90
Número de visitantes (millones)
50
80
70
40
60
30
50
40
20
30
20
10
Tasa de ocupación hotelera (%)
Un gran porcentaje de los visitantes que vienen a
Nueva York lo hacen por un periodo largos de tiempo y
muchas veces estan buscando soluciones alternativas
a un hotel.
Visitantes internacionales
10
0
0
2000
2002
2004
2006
2008
2010
2012
2014
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
El proyecto contará con 6 pisos de espacio de trabajo
colaborativo y con 42 apartamentos de larga estadía.
Adicionalmente, los miembros tendrán acceso a una
terraza en la azotea con un bar de primera línea con
vista al emblemático Skyline de Nueva York.
La membresía al espacio colaborativo The Assemblage
dará acceso a todas las ubicaciones de la cadena en
NYC. (The Assemblage/17 John ubicado en el distrito
financiero de Manhattan está actualmente en proceso
de pre-desarrollo).
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
Espacios
colaborativos
Espacios
colaborativos
Unidad Completa
Unidad Completa
P - 18
The Assemblage | 25 Street
Estrategia
de salida
Espacio de trabajo
Colaborativo
Tasa de capitalización - Oficina y Retail (Clase A) Manhattan - (2004*-2014)
Retail
Oficina
Se espera liquidar la inversión después de
3.5 años de operación (octubre 2016 - enero
2020).
.08
.07
.06
Supuestos de operación: aproximadamente
500 Miembros pagando una membresía
promedio de US $900 por mes
.05
.04
Supuestos de liquidación: tasa de
capitalización de aproximadamente 6.00%.
.03
.02
.01
0
2004
2006
2008
2010
2012
2014
* Las tasas de capitalización de clase A minorista sólo están disponibles a partir de 2012; los datos
presentados entre 2004-2012 son un presupuesto para el sector de retail.
Fuente: CBRE Manhattan Capital Markets Year End 2013 Report
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 19
The Assemblage | 25 Street
Estrategia
de salida
Apartamentos de
larga estadía
Tasa de capitalización - Multifamiliar (Clase A) Manhattan (2005-2014)
Se espera liquidar la inversión después de
3.5 años de operación (octubre 2016 - enero
2020), como condos o junto con los espacios
de trabajo colaborativo.
6.0%
5.0%
Supuestos de operación: esperamos alquilar
estos apartamentos en aproximadamente
US $375 por noche.
4.0%
3.0%
Supuestos de liquidación: tasa de
capitalización de aproximadamente 4.75%.
2.0%
2005
2009
2014
Fuente: Douglas Elliman Decade Report (2005-2014) y CBRE Manhattan Capital Markets Year End 2013 Report
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage | 25 Street
P - 20
Retornos
esperados de la
oportunidad
03.
US $140,000 - $150,000
Retorno final
02.
01.
US $100,000*
6% Cupón anual**
10% - 12% TIR estimada
1.4x - 1.5x
Múltiplo estimado
*La inversión mínima para inversionistas internacionales es de US $50,000 y para inversionistas estadounidenses (acreditados) es de US $20,000.
**El cupón anual comienza a partir del cierre de la propiedad.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage | 25 Street
P - 21
Presupuesto y
estructura de capital
Presupuesto
Estructura de Capital
Costos del proyecto
Adquisición
$ 49 M
Deuda senior
$ 40 M
Costos directos e indirectos
$ 36 M
Monto capital objetivo
$ 45 M
Total proyecto
$ 85 M
Costos del proyecto
$ 85 M
Costos por pie cuadrado
Área total (47,490 pies cuadrados)
Adquisición
Costos directos e indirectos
Total proyecto
$ 1,091.83
$ 758.05
$ 1,894,39
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage | 25 Street
P - 22
Timeline del
Proyecto
Abril
2015
Agosto
2015
Octubre
2015
Octubre
2016
Enero
2020
Prodigy Network
Firma opción de
compra
Comienzo de
la campaña de
Crowdfunding
Comienzo de la
construcción
Comienzo de
la operación
Liquidación de
la Inversión
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 23
The Assemblage | 25 Street
Equipo
Metroloft es una compañía de desarrollo y
administración inmobiliaria verticalmente integrada, con sede en Nueva York. Se especializa
en la conversión de propiedades comerciales/
residenciales y en el arriendo de propiedades
de lujo en el Distrito Financiero de Manhattan.
El equipo de Metroloft ha desarrollado y administrado más de 3 millones de pies cuadrados
de bienes raíces en Downtown Manhattan que
van desde lofts de lujo hasta rascacielos Art
Deco.
http://www.metroloftnyc.com
Shorewood es una plataforma de inversión
inmobiliaria de multi-estrategia que se especializa en estructurar la adquisición, financiación y desarrollo de activos inmobiliarios
de calidad institucional. Shorewood invierte
capital de los inversionistas que participan en
la plataforma Prodigy Network. Hasta la fecha
Shorewood ha estructurado las inversiones
con una base de costo de más de $ 500 millones. La firma cuenta con una amplia experiencia en todos los aspectos del campo de la
inversión de bienes raíces y ofrece soluciones
integradas e innovadoras para maximizar el
valor a largo plazo de los activos inmobiliarios.
Meyer Davis Studio estará encargado del
diseño interior del edificio. Esta boutique de
diseño con sede en Nueva York, es reconocida
a nivel mundial y se encuentra a la vanguardia
de los entornos de hospitalidad, residenciales,
comerciales y de trabajo de alta gama, tanto
en los EE.UU como a nivel internacional. Algunos de sus clientes comerciales más importantes incluyen el Four Seasons, Le Meridian,
Ritz Carlton, W Hotels, los boutiques de Oscar
de la Renta, John Varvatos y numerosos entornos de oficina de marcas de lujo.
http://www.meyerdavis.com
http://shorewoodgrp.com/
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 24
The Assemblage | 25 Street
Riesgos y
Mitigantes
Riesgos
Mitigantes
Atrasos en el desarrollo
La propiedad ya fue desocupada y el plan de comenzar la
construcción antes del cierre final de la propiedad ya está en
marcha. El riesgo de desarrollo es mínimo dado el alcance de la
construcción y debido a que el Sponsor del proyecto tiene una
garantía con el prestamista contra la finalización del proyecto.
Cambios en las
condiciones del mercado
El plan es operar la propiedad como una combinación de
espacio de trabajo colaborativo y apartamentos de larga estadía
a un nivel de deuda que está por debajo de mercado. Al tener
menos apalancamiento, los inversionistas se encuentran más
protegidos y además reciben el flujo de caja operativo con
menos incertidumbre.
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
P - 25
The Assemblage | 25 Street
Apéndice
The securities offered by the issuers on Prodigy Network (the “Securities”) may be sold only to (A) investors who are (i) “accredited investors” as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or (B) certain eligible investors who are not “U.S. persons” as defined in Rule 902 under the Securities Act. The issuers on Prodigy Network offer the Securities
in reliance on Rule 506 and Regulation S under the Securities Act, which are exemptions from the registration and disclosure requirements that apply to offerings registered under the Securities Act. None of the issuers offering Securities through Prodigy Network have been registered, or are required to register, as an investment company under the Investment Company Act of 1940, as amended.
Therefore, investors will not benefit from the protection of those acts. The Securities and Exchange Commission has not passed on the merits of or approved the Securities, the offering or the accuracy or completeness of any offering materials. The Securities are subject to legal restrictions on transfer and resale, and investors should not assume they will be able to resell their Securities. Risk
factors disclosed in the offering materials for each investment should be carefully reviewed prior to making any investment decision and investors should be able to bear the entire loss of any investment. The material contained in this presentation may include forward looking financial statements and/or representations. Neither Prodigy Network nor its affiliates make any representation or
warranty, express or implied, as to the accuracy or completeness of this information, and nothing contained herein shall be relied upon as a promise or representation that past performance will be indicative of future performance. The information presented in this presentation may not be up to date and although images and concepts reflect good faith beliefs, expectations, estimates and/or
projections of Prodigy Network, they are not guarantees and are subject to change. Prodigy Network undertakes no obligation to update any outdated information. The investments and/or services offered through Prodigy Network do not constitute “Crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
The Assemblage/
th
25 Street
¡Gracias!