Distressed Land

THE CRISIS IN THE HOUSING AND CAPITAL MARKETS PRESENTS A ONCE-IN-A-LIFETIME OPPORTUNITY TO PURCHASE MULTI-FAMILY LAND ON A SEVERELY DISCOUNTED BASIS.

Bruno Bottarelli, Managing Director, Development

Our reputation leads to unique opportunities.

The crisis in the housing and capital markets presents a once-in-a-lifetime opportunity to purchase land on a discounted basis. Homebuilders, public and private alike, are still seeking to sell many of their land holdings in order to create liquidity and improve the negative positions on their books. The same is true of banks that have taken land back from builders and developers.

Marquette's strong reputation in land investment and development puts us in the perfect position to work with these groups to purchase assets directly. These groups seek to work with an experienced team like Marquette because there of the trust we've established within the development and investment community.

We are disciplined in our acquisition criteria, seeking distressed land in strong submarkets and that is well positioned in the marketplace:

• We focus on land that is in the next logical developable area
• Sewer and water must be currently available, as well mixed-use opportunities to further diversify the land holdings
• Marquette prioritizes parcels that are currently zoned and entitled for multi-family, as well as those properties that have a likelihood of being approved
• We also seek properties where smaller pods can be sold if necessary as opposed to the entire property
• In these uncertain times, land will be purchased in an unleveraged position, and then conservative debt placed on the property at a later time, once the project is ready to be built