The Partners have a proven history of producing superior risk-adjusted returns on invested capital. The ability to generate these returns is enhanced by the Partners' broad economic perspectives and thorough comprehension of the real estate capital markets. This insight is of particular importance as real estate investment is increasingly measured on a relative value basis. These perspectives guide the Partners in developing well timed exit strategies, which are incorporated into all of the firm's investments. Transactions are typically consummated in co-investment partnerships with other sophisticated investors. These investors include both institutional capital providers and high net worth investor constituencies.

Stonehill-PRM is currently focusing its investment efforts in the following areas:

• Multi-family Development (Class A & B+)
• Multi-family Acquisitions and Repositioning
• Condominium Developments
• Student Housing Development
• Land Acquisition and Development
• Asset and Portfolio Recapitalizations (Multi-family, Retail and Industrial)
• Sponsor Equity Investments
• Retail Acquisitions and Co-development
• Hotel Development

The firm's current holdings have an aggregate build-out value in excess of $900 million. Stonehill-PRM's assets are summarized as follows:

• Single family lot development comprising 1,860 acres.
• Commercial land development comprising 299 acres.
• Multi-family rental development comprising 1,286 units in eight projects.
• Condominium development comprising 45 units
• Multi-family acquisitions and repositioning comprising 2,754 units in thirteen projects.

Some of Stonehill-PRM's investments may be completed in joint venture with other experienced operating companies. These firms may possess a particular skill set or market expertise that is unique. Stonehill-PRM prides itself in its ability to identify these firms, understand their objectives and structure ventures in such a way that adds value to the property business plan. This type of investment opportunity typically results from a long standing relationship that has been established by one of Stonehill-PRM's Partners.