Building Business Value

1
SINGLE ENTITY STRUCTURE
Property Owner
Rent
Tenants
2
SINGLE ENTITY STRUCTURE
Property Owner
Lender
Loan
Rent
Tenants
3
SINGLE ENTITY STRUCTURE
Property Owner
Lender
Loan
Developer
Fee
Rent
Tenants
4
SINGLE ENTITY STRUCTURE
Managing Member
Property Owner
Lender
Loan
Developer
Fee
Rent
Tenants
5
SINGLE ENTITY STRUCTURE
Tax Credit Investor/Non Managing Member
Managing Member
Tax Credits
Tax Credit Equity
Property Owner
Lender
Loan
Developer
Fee
Rent
Tenants
6
MASTER LEASE STRUCTURE
Property Owner
Fee
Lender
Developer
Loan
7
MASTER LEASE STRUCTURE
Managing Member
Property Owner
Fee
Lender
Developer
Loan
8
MASTER LEASE STRUCTURE
Managing Member
Property Owner
Fee
Lender
Developer
Loan
Rent
Master Tenant
9
MASTER LEASE STRUCTURE
Managing Member
Property Owner
Fee
Lender
Developer
Loan
Rent
Master Tenant
Rent
Tenants
10
MASTER LEASE STRUCTURE
Managing Member
Property Owner
Fee
Lender
Developer
Loan
Rent
Managing Member
Master Tenant
Rent
Tenants
11
MASTER LEASE STRUCTURE
Managing Member
Property Owner
Fee
Lender
Developer
Loan
Rent
Managing Member
Tax Credit Equity
Master Tenant
Tax Credit Investor/Non Managing Member
Tax Credits
Rent
Tenants