Pitch Anything PDF
Preview Pitch Anything
Pitch Anything by Oren Klaff Monday, July 29, 13 ORIGIN PRODUCT FUNCTIONALITY/DEMO UNIQUENESS DEAL THE YOUR MIND TELLS YOU: “PITCH LIKE THIS” INVESTORS DO NOT CARE ABOUT YOUR PRODUCT WHY NOW DEAL FACTS THE FINANCIAL OPPORTUNITY STUFF RANDOM THE PRODUCT THE FINANCIAL MODEL PROOF POINTS THE BIG IDEA IN 150 WORDS Monday, July 29, 13 WHY NOW DEAL FACTS THE FINANCIAL OPPORTUNITY THE PRODUCT THE FINANCIAL MODEL PROOF POINTS A LOT TO DO IN ONE HOUR... :60 min. Monday, July 29, 13 THE PITCH Ultrajet Airpark Tis is one of the busiest and most complex airspace rgions in the U.S. 22 Million Passengers are projected by 2020 In the next decade the City of Houston may have too many commerical flights - and not enough runway ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT PHASE I: THE FBO FACILITIES Logan Field 2 miles BUSINESS CENTER and first class pilot facilities are provided LEED Gold and Silver certifications are anticipated State-of-the-Art hangar facilities PARKING Over 1-acre for short- and long-term parking. Ultrajet Airpark includes the construction of an afordable, Class-A, state-of-the-art General Aviation FBO to accommodate charter, private and corporate aircraft and aviation related businesses. Detail area Detail area FIXED BASE OPERATOR HOUSTON Logan Field in Houston is positioned near several highways and interstates, as well as a major manufacturing hub. ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Houston International has one of the smallest footprints of any metropolitan airport. Expansion options are limited. And it is in one of the busiest and most complex airspace regions in the U.S. regions in the U.S. FLIGHTS AT A GLANCE THE 2020 PROBLEM IN APPROXIMATELY TEN YEARS, HOUSTON’S COMMERCIAL AIRPORTS ARE PROJECTED TO REACH CAPACITY Flights into or out of The City of HOUSTON LOGAN FIELD DALLAS/FORTWORTH MCKIBBEN AIRPORT ALL OTHER COUNTY AIRPORTS* LIMITED: Considered the “busiest single runway” in the U.S. 1.9% annual growth. LIMITED:Inadequate airfeld/taxiway infrastructure will hinder growth sometime between 2020 and 2030. LIMITED: Single Runway. Located approximately 33 miles north of downtown Houston LIMITED: Operations are small GA aircraft due to the relatively short runway length or other restrictions. LIMITED: GA/FBO facilities do not adequately support the primary General Aviation market. Gilliand Field Logan Field all other county airports combined McKibben SITE OF NEW ULTRAJET AIRPARK HOUSTON Te second most populous county in the state of Texas; over 3 million residents accounting for 8% of the state’s population. COMMERCIAL General Aviation GA & Commercial HOUSTON COUNTY AIRPORTS Tere are three non-military and non-private airports in San Jacinto County: Gillialand Field, McKibben, Potter Airpot, and Logan Field. 7,972 feet of runway FBO & MODERN JET CENTER ACCESSIBLE TO ALL OF DOWNTOWN THE OPPORTUNITY IN 86 WORDS Houston’s International Airport is the second busiest single-runway airport in the world, behind London Gatwick. It’s nearly at capacity. With more than 22 million Houston passengers projected to plane and deplane in 2020, there’s a big change: private aircraft and freight traffic are being turned away. Te displaced flights are going land at the new Ultrajet Airpark, previously Logan Field. Tis book is dedicated to explaining how and when this will all happen — and how money will be made during this time of change and growth. By Oren Klaff ULTRAJET AIRPARK DEAL SUMMARY Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” KEY INVESTMENT MERITS PROJECTED FIRST-YEAR YIELD STAGE VALUE TOTAL EQUITY IN-PLACE DEBT EQUITY SUBSCRIBED EQUITY REMAINING TBD% ENTITLEMENT $tbdM $tbdM $TBD $TBD M $TBDM $TBDM Located strategically near downtown and metropolitan centers, the project is a long term infrastructure addition to the City and is supported by State, local and City agencies. DEAL SUMMARY 1 S U M M A R Y ULTRAJET AIRPARK Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” For the year ending December 31, 2013 Te projected financial yield of Ultrajet Airport is anticipated to report Net Operating Income (“NOI”) from leasing activity of tbd million, and tbd million from service and FBO related revenue. Te revenues are primarily the result relative position of the property within the competitive set in the availability of a hangars which is unique within a 50 mile radius of the property. For the projected year ending December 31, 2012, the in-place revenue streams project a total of tbd million of NOI, an increase over the previous year from where they were no operations as the development was being completed. FINANCIALS CAPITAL STRUCTURE. Infrastructure will be added in four phases as specified in the project document. Financial Assumptions are as follows. FINANCIALS Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” 3 F I N A N C I A L S UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” ASSUMPTIONS. Te newly expanded facility is anticipated to begin operations prior to December 2015 and will be completed in four phases as specified in the MAP project document. Underwriting Assumptions are as follows. UNDERWRITING and KEY METRICS UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” Infrastructure is the competitive advantage cities have over one another.Tere are a few simpler operating principles than this, particularly in 2012 and beyond. Competition is increasing among America’s leading cities. Other cities want our tourism revenues, convention bookings and real estate transactions. We need to protect our revenue streams. Te kind of revenues we — the city of Houston— enjoy today are not an entitlement. Yes, we’re fortunate. We have some amazing natural resources, and previous city planners have set us up for success. But we have to plan for growth and increased competition. In other words, if we get ahead of the growth curve, we will be rewarded with a strong economy. Cities that don’t plan for growth will fall behind. When this happens, they can spend 10 to 20 years trying to regain their “brand” and market foothold. Over the years an enormous amount of research has been done in an attempt to determine how much more airport infrastructure is needed by the city of Houston. Are you curious about the conclusion? Here it is: sometime in 2015 Houston international Airport will hit capacity. All of its resources will be dedicated to passenger travel. Charter and freight will be pushed out. Even today, it’s tight. Over 120,,000 commercial flights arrive and depart annually. As this document highlights, it’s getting close to 22 million passengers. Tat’s a problem. But as is often the case with problems they can lead the way to a breakthrough opportunity. HOUSTON AIRSPACE: AT CAPACITY IF you want growth and prosperity then you have to build strong infrastructure and strong communities. PROJECT FUNDAMENTALS ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Monday, July 29, 13 THE PITCH Ultrajet Airpark Tis is one of the busiest and most complex airspace rgions in the U.S. 22 Million Passengers are projected by 2020 In the next decade the City of Houston may have too many commerical flights - and not enough runway ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT PHASE I: THE FBO FACILITIES Logan Field 2 miles BUSINESS CENTER and first class pilot facilities are provided LEED Gold and Silver certifications are anticipated State-of-the-Art hangar facilities PARKING Over 1-acre for short- and long-term parking. Ultrajet Airpark includes the construction of an afordable, Class-A, state-of-the-art General Aviation FBO to accommodate charter, private and corporate aircraft and aviation related businesses. Detail area Detail area FIXED BASE OPERATOR HOUSTON Logan Field in Houston is positioned near several highways and interstates, as well as a major manufacturing hub. ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Houston International has one of the smallest footprints of any metropolitan airport. Expansion options are limited. And it is in one of the busiest and most complex airspace regions in the U.S. regions in the U.S. FLIGHTS AT A GLANCE THE 2020 PROBLEM IN APPROXIMATELY TEN YEARS, HOUSTON’S COMMERCIAL AIRPORTS ARE PROJECTED TO REACH CAPACITY Flights into or out of The City of HOUSTON LOGAN FIELD DALLAS/FORTWORTH MCKIBBEN AIRPORT ALL OTHER COUNTY AIRPORTS* LIMITED: Considered the “busiest single runway” in the U.S. 1.9% annual growth. LIMITED:Inadequate airfeld/taxiway infrastructure will hinder growth sometime between 2020 and 2030. LIMITED: Single Runway. Located approximately 33 miles north of downtown Houston LIMITED: Operations are small GA aircraft due to the relatively short runway length or other restrictions. LIMITED: GA/FBO facilities do not adequately support the primary General Aviation market. Gilliand Field Logan Field all other county airports combined McKibben SITE OF NEW ULTRAJET AIRPARK HOUSTON Te second most populous county in the state of Texas; over 3 million residents accounting for 8% of the state’s population. COMMERCIAL General Aviation GA & Commercial HOUSTON COUNTY AIRPORTS Tere are three non-military and non-private airports in San Jacinto County: Gillialand Field, McKibben, Potter Airpot, and Logan Field. 7,972 feet of runway FBO & MODERN JET CENTER ACCESSIBLE TO ALL OF DOWNTOWN THE OPPORTUNITY IN 86 WORDS Houston’s International Airport is the second busiest single-runway airport in the world, behind London Gatwick. It’s nearly at capacity. With more than 22 million Houston passengers projected to plane and deplane in 2020, there’s a big change: private aircraft and freight traffic are being turned away. Te displaced flights are going land at the new Ultrajet Airpark, previously Logan Field. Tis book is dedicated to explaining how and when this will all happen — and how money will be made during this time of change and growth. By Oren Klaff ULTRAJET AIRPARK DEAL SUMMARY Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” KEY INVESTMENT MERITS PROJECTED FIRST-YEAR YIELD STAGE VALUE TOTAL EQUITY IN-PLACE DEBT EQUITY SUBSCRIBED EQUITY REMAINING TBD% ENTITLEMENT $tbdM $tbdM $TBD $TBD M $TBDM $TBDM Located strategically near downtown and metropolitan centers, the project is a long term infrastructure addition to the City and is supported by State, local and City agencies. DEAL SUMMARY 1 S U M M A R Y ULTRAJET AIRPARK Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” For the year ending December 31, 2013 Te projected financial yield of Ultrajet Airport is anticipated to report Net Operating Income (“NOI”) from leasing activity of tbd million, and tbd million from service and FBO related revenue. Te revenues are primarily the result relative position of the property within the competitive set in the availability of a hangars which is unique within a 50 mile radius of the property. For the projected year ending December 31, 2012, the in-place revenue streams project a total of tbd million of NOI, an increase over the previous year from where they were no operations as the development was being completed. FINANCIALS CAPITAL STRUCTURE. Infrastructure will be added in four phases as specified in the project document. Financial Assumptions are as follows. FINANCIALS Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” 3 F I N A N C I A L S UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” ASSUMPTIONS. Te newly expanded facility is anticipated to begin operations prior to December 2015 and will be completed in four phases as specified in the MAP project document. Underwriting Assumptions are as follows. UNDERWRITING and KEY METRICS UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” Infrastructure is the competitive advantage cities have over one another.Tere are a few simpler operating principles than this, particularly in 2012 and beyond. Competition is increasing among America’s leading cities. Other cities want our tourism revenues, convention bookings and real estate transactions. We need to protect our revenue streams. Te kind of revenues we — the city of Houston— enjoy today are not an entitlement. Yes, we’re fortunate. We have some amazing natural resources, and previous city planners have set us up for success. But we have to plan for growth and increased competition. In other words, if we get ahead of the growth curve, we will be rewarded with a strong economy. Cities that don’t plan for growth will fall behind. When this happens, they can spend 10 to 20 years trying to regain their “brand” and market foothold. Over the years an enormous amount of research has been done in an attempt to determine how much more airport infrastructure is needed by the city of Houston. Are you curious about the conclusion? Here it is: sometime in 2015 Houston international Airport will hit capacity. All of its resources will be dedicated to passenger travel. Charter and freight will be pushed out. Even today, it’s tight. Over 120,,000 commercial flights arrive and depart annually. As this document highlights, it’s getting close to 22 million passengers. Tat’s a problem. But as is often the case with problems they can lead the way to a breakthrough opportunity. HOUSTON AIRSPACE: AT CAPACITY IF you want growth and prosperity then you have to build strong infrastructure and strong communities. PROJECT FUNDAMENTALS ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACTTHE STORY Monday, July 29, 13 THE PITCH Ultrajet Airpark Tis is one of the busiest and most complex airspace rgions in the U.S. 22 Million Passengers are projected by 2020 In the next decade the City of Houston may have too many commerical flights - and not enough runway ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT PHASE I: THE FBO FACILITIES Logan Field 2 miles BUSINESS CENTER and first class pilot facilities are provided LEED Gold and Silver certifications are anticipated State-of-the-Art hangar facilities PARKING Over 1-acre for short- and long-term parking. Ultrajet Airpark includes the construction of an afordable, Class-A, state-of-the-art General Aviation FBO to accommodate charter, private and corporate aircraft and aviation related businesses. Detail area Detail area FIXED BASE OPERATOR HOUSTON Logan Field in Houston is positioned near several highways and interstates, as well as a major manufacturing hub. ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Houston International has one of the smallest footprints of any metropolitan airport. Expansion options are limited. And it is in one of the busiest and most complex airspace regions in the U.S. regions in the U.S. FLIGHTS AT A GLANCE THE 2020 PROBLEM IN APPROXIMATELY TEN YEARS, HOUSTON’S COMMERCIAL AIRPORTS ARE PROJECTED TO REACH CAPACITY Flights into or out of The City of HOUSTON LOGAN FIELD DALLAS/FORTWORTH MCKIBBEN AIRPORT ALL OTHER COUNTY AIRPORTS* LIMITED: Considered the “busiest single runway” in the U.S. 1.9% annual growth. LIMITED:Inadequate airfeld/taxiway infrastructure will hinder growth sometime between 2020 and 2030. LIMITED: Single Runway. Located approximately 33 miles north of downtown Houston LIMITED: Operations are small GA aircraft due to the relatively short runway length or other restrictions. LIMITED: GA/FBO facilities do not adequately support the primary General Aviation market. Gilliand Field Logan Field all other county airports combined McKibben SITE OF NEW ULTRAJET AIRPARK HOUSTON Te second most populous county in the state of Texas; over 3 million residents accounting for 8% of the state’s population. COMMERCIAL General Aviation GA & Commercial HOUSTON COUNTY AIRPORTS Tere are three non-military and non-private airports in San Jacinto County: Gillialand Field, McKibben, Potter Airpot, and Logan Field. 7,972 feet of runway FBO & MODERN JET CENTER ACCESSIBLE TO ALL OF DOWNTOWN THE OPPORTUNITY IN 86 WORDS Houston’s International Airport is the second busiest single-runway airport in the world, behind London Gatwick. It’s nearly at capacity. With more than 22 million Houston passengers projected to plane and deplane in 2020, there’s a big change: private aircraft and freight traffic are being turned away. Te displaced flights are going land at the new Ultrajet Airpark, previously Logan Field. Tis book is dedicated to explaining how and when this will all happen — and how money will be made during this time of change and growth. By Oren Klaff ULTRAJET AIRPARK DEAL SUMMARY Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” KEY INVESTMENT MERITS PROJECTED FIRST-YEAR YIELD STAGE VALUE TOTAL EQUITY IN-PLACE DEBT EQUITY SUBSCRIBED EQUITY REMAINING TBD% ENTITLEMENT $tbdM $tbdM $TBD $TBD M $TBDM $TBDM Located strategically near downtown and metropolitan centers, the project is a long term infrastructure addition to the City and is supported by State, local and City agencies. DEAL SUMMARY 1 S U M M A R Y ULTRAJET AIRPARK Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” For the year ending December 31, 2013 Te projected financial yield of Ultrajet Airport is anticipated to report Net Operating Income (“NOI”) from leasing activity of tbd million, and tbd million from service and FBO related revenue. Te revenues are primarily the result relative position of the property within the competitive set in the availability of a hangars which is unique within a 50 mile radius of the property. For the projected year ending December 31, 2012, the in-place revenue streams project a total of tbd million of NOI, an increase over the previous year from where they were no operations as the development was being completed. FINANCIALS CAPITAL STRUCTURE. Infrastructure will be added in four phases as specified in the project document. Financial Assumptions are as follows. FINANCIALS Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” 3 F I N A N C I A L S UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” ASSUMPTIONS. Te newly expanded facility is anticipated to begin operations prior to December 2015 and will be completed in four phases as specified in the MAP project document. Underwriting Assumptions are as follows. UNDERWRITING and KEY METRICS UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” Infrastructure is the competitive advantage cities have over one another.Tere are a few simpler operating principles than this, particularly in 2012 and beyond. Competition is increasing among America’s leading cities. Other cities want our tourism revenues, convention bookings and real estate transactions. We need to protect our revenue streams. Te kind of revenues we — the city of Houston— enjoy today are not an entitlement. Yes, we’re fortunate. We have some amazing natural resources, and previous city planners have set us up for success. But we have to plan for growth and increased competition. In other words, if we get ahead of the growth curve, we will be rewarded with a strong economy. Cities that don’t plan for growth will fall behind. When this happens, they can spend 10 to 20 years trying to regain their “brand” and market foothold. Over the years an enormous amount of research has been done in an attempt to determine how much more airport infrastructure is needed by the city of Houston. Are you curious about the conclusion? Here it is: sometime in 2015 Houston international Airport will hit capacity. All of its resources will be dedicated to passenger travel. Charter and freight will be pushed out. Even today, it’s tight. Over 120,,000 commercial flights arrive and depart annually. As this document highlights, it’s getting close to 22 million passengers. Tat’s a problem. But as is often the case with problems they can lead the way to a breakthrough opportunity. HOUSTON AIRSPACE: AT CAPACITY IF you want growth and prosperity then you have to build strong infrastructure and strong communities. PROJECT FUNDAMENTALS ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Monday, July 29, 13 EFFORT 0% 100% SET THE FRAME TELL THE STORY REVEAL THE INTRIGUE NAIL THE HOOKPOINT OFFER THE PRIZE GET THE DEAL THE PITCH Ultrajet Airpark Tis is one of the busiest and most complex airspace rgions in the U.S. 22 Million Passengers are projected by 2020 In the next decade the City of Houston may have too many commerical flights - and not enough runway ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT PHASE I: THE FBO FACILITIES Logan Field 2 miles BUSINESS CENTER and first class pilot facilities are provided LEED Gold and Silver certifications are anticipated State-of-the-Art hangar facilities PARKING Over 1-acre for short- and long-term parking. Ultrajet Airpark includes the construction of an afordable, Class-A, state-of-the-art General Aviation FBO to accommodate charter, private and corporate aircraft and aviation related businesses. Detail area Detail area FIXED BASE OPERATOR HOUSTON Logan Field in Houston is positioned near several highways and interstates, as well as a major manufacturing hub. ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Houston International has one of the smallest footprints of any metropolitan airport. Expansion options are limited. And it is in one of the busiest and most complex airspace regions in the U.S. regions in the U.S. FLIGHTS AT A GLANCE THE 2020 PROBLEM IN APPROXIMATELY TEN YEARS, HOUSTON’S COMMERCIAL AIRPORTS ARE PROJECTED TO REACH CAPACITY Flights into or out of The City of HOUSTON LOGAN FIELD DALLAS/FORTWORTH MCKIBBEN AIRPORT ALL OTHER COUNTY AIRPORTS* LIMITED: Considered the “busiest single runway” in the U.S. 1.9% annual growth. LIMITED:Inadequate airfeld/taxiway infrastructure will hinder growth sometime between 2020 and 2030. LIMITED: Single Runway. Located approximately 33 miles north of downtown Houston LIMITED: Operations are small GA aircraft due to the relatively short runway length or other restrictions. LIMITED: GA/FBO facilities do not adequately support the primary General Aviation market. Gilliand Field Logan Field all other county airports combined McKibben SITE OF NEW ULTRAJET AIRPARK HOUSTON Te second most populous county in the state of Texas; over 3 million residents accounting for 8% of the state’s population. COMMERCIAL General Aviation GA & Commercial HOUSTON COUNTY AIRPORTS Tere are three non-military and non-private airports in San Jacinto County: Gillialand Field, McKibben, Potter Airpot, and Logan Field. 7,972 feet of runway FBO & MODERN JET CENTER ACCESSIBLE TO ALL OF DOWNTOWN THE OPPORTUNITY IN 86 WORDS Houston’s International Airport is the second busiest single-runway airport in the world, behind London Gatwick. It’s nearly at capacity. With more than 22 million Houston passengers projected to plane and deplane in 2020, there’s a big change: private aircraft and freight traffic are being turned away. Te displaced flights are going land at the new Ultrajet Airpark, previously Logan Field. Tis book is dedicated to explaining how and when this will all happen — and how money will be made during this time of change and growth. By Oren Klaff ULTRAJET AIRPARK DEAL SUMMARY Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” KEY INVESTMENT MERITS PROJECTED FIRST-YEAR YIELD STAGE VALUE TOTAL EQUITY IN-PLACE DEBT EQUITY SUBSCRIBED EQUITY REMAINING TBD% ENTITLEMENT $tbdM $tbdM $TBD $TBD M $TBDM $TBDM Located strategically near downtown and metropolitan centers, the project is a long term infrastructure addition to the City and is supported by State, local and City agencies. 1 S U M M A R Y �������������������������������������������������� ���������������������������������������������������������� �������������������������������������������������������� and securing the entitlements and FAA licensing. ����������������������������������������������������������������� ����������������������������������������������������������� stabilized income. DEAL SUMMARY 1 S U M M A R Y ULTRAJET AIRPARK Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” For the year ending December 31, 2013 Te projected financial yield of Ultrajet Airport is anticipated to report Net Operating Income (“NOI”) from leasing activity of tbd million, and tbd million from service and FBO related revenue. Te revenues are primarily the result relative position of the property within the competitive set in the availability of a hangars which is unique within a 50 mile radius of the property. For the projected year ending December 31, 2012, the in-place revenue streams project a total of tbd million of NOI, an increase over the previous year from where they were no operations as the development was being completed. FINANCIALS CAPITAL STRUCTURE. Infrastructure will be added in four phases as specified in the project document. Financial Assumptions are as follows. FINANCIALS Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an off er to sell, or a solicitation of an off er to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” 3 F I N A N C I A L S UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by UJA to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” ASSUMPTIONS. Te newly expanded facility is anticipated to begin operations prior to December 2015 and will be completed in four phases as specified in the MAP project document. Underwriting Assumptions are as follows. UNDERWRITING and KEY METRICS UNDERWRITING ASSUMPTIONS 2012 Description of underwriting metric and fnancial assumption Net Cash Flow Tenancy $sq/ft(avg) Other Revenues 2012 2012 2012 $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M $tbd M PROJECTED CASH YIELD BASED ON ALL LEASES AND REVENUES detailed income projections are provided on page x 2014 2015 2016 2017 2018 tbd% tbd% tbd% tbd% tbd% Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Description of underwriting metric and fnancial assumption Underwriting specifcs. Tis summary, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by MAP to provide general information about the Property. Tis is not an offer to sell, or a solicitation of an offer to buy securities, as such an offer or solicitation can only come through the offering’s private placement memorandum (“PPM”). Tis material cannot, and does not, replace the PPM, and the PPM supersedes this material in all respects. Tis investment involves various degrees of risk, including the speculative market and financing risks associated with fluctuations in the real estate market including tax status, liquidity, and fees, expenses, and other risk factors. Please refer to the “Risk Factors” section of the PPM.” Infrastructure is the competitive advantage cities have over one another.Tere are a few simpler operating principles than this, particularly in 2012 and beyond. Competition is increasing among America’s leading cities. Other cities want our tourism revenues, convention bookings and real estate transactions. We need to protect our revenue streams. Te kind of revenues we — the city of Houston— enjoy today are not an entitlement. Yes, we’re fortunate. We have some amazing natural resources, and previous city planners have set us up for success. But we have to plan for growth and increased competition. In other words, if we get ahead of the growth curve, we will be rewarded with a strong economy. Cities that don’t plan for growth will fall behind. When this happens, they can spend 10 to 20 years trying to regain their “brand” and market foothold. Over the years an enormous amount of research has been done in an attempt to determine how much more airport infrastructure is needed by the city of Houston. Are you curious about the conclusion? Here it is: sometime in 2015 Houston international Airport will hit capacity. All of its resources will be dedicated to passenger travel. Charter and freight will be pushed out. Even today, it’s tight. Over 120,,000 commercial flights arrive and depart annually. As this document highlights, it’s getting close to 22 million passengers. Tat’s a problem. But as is often the case with problems they can lead the way to a breakthrough opportunity. HOUSTON AIRSPACE: AT CAPACITY IF you want growth and prosperity then you have to build strong infrastructure and strong communities. PROJECT FUNDAMENTALS ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Monday, July 29, 13 EFFORT 0% 100% SET THE FRAME TELL THE STORY REVEAL THE INTRIGUE NAIL THE HOOKPOINT OFFER THE PRIZE GET THE DEAL THE PITCH Ultrajet Airpark Tis is one of the busiest and most complex airspace rgions in the U.S. 22 Million Passengers are projected by 2020 In the next decade the City of Houston may have too many commerical flights - and not enough runway ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT PHASE I: THE FBO FACILITIES Logan Field 2 miles BUSINESS CENTER and first class pilot facilities are provided LEED Gold and Silver certifications are anticipated State-of-the-Art hangar facilities PARKING Over 1-acre for short- and long-term parking. Ultrajet Airpark includes the construction of an afordable, Class-A, state-of-the-art General Aviation FBO to accommodate charter, private and corporate aircraft and aviation related businesses. Detail area Detail area FIXED BASE OPERATOR HOUSTON Logan Field in Houston is positioned near several highways and interstates, as well as a major manufacturing hub. ULTRAJET AIRPARK THE PROBLEM FBO/RUNWAY SUMMARY LOCATION FINANCIALS TEAM CONTACT Houston International has one of the smallest footprints of any metropolitan airport. Ex...
The list of books you might like
