SAGEWOOD DIFFERENCE

Past Performance

Sagewood's partners are seasoned real estate entrepreneurs and hotel and resort industry professionals with a history of strong financial performance in the luxury hospitality and
real estate sectors. The partners have:

• Managed $1.5 billion in assets and $1 billion in development
• Developed 130 projects worldwide
• Acquired more than 30-plus years' experience in luxury development
• Averaged real estate product returns at 30 percent above marketplace

Expertise

The Sagewood team has extensive experience in creating highly customized hotels, resorts and mixed-used projects from the ground up. While their roots are in luxury hospitality, their investment discipline applies across a variety of investment classes including preserving and renovating distinctive historic residential and commercial projects. Sagewood offers a fully integrated development platform:

• Expertise in financial risk assessment and return, design and construction, and project    management
• Philosophy of conserving resources and maximizing utilization across the development spectrum    —­ financial capital, natural materials, human talent — without compromising quality and    distinction
• Experience in luxury spa and wellness, sports and recreation, food and beverage, and retail    establishments
• Cultural sensitivity with a strong appreciation for leveraging local community economies and    creating cottage industries in areas under development
• Specialty expertise in residential and commercial historic preservation
• Offices in Dallas and New York
• Financial, legal, and design and construction contacts worldwide

The Relationship

• Sagewood believes in creating a synergistic and collaborative culture with its project partners. It
   is particularly unique in its passion for and dedication to delivering premium value to its investors    without compromising a quality ethos that garners exceptional distinction.
• Throughout their relationship with Sagewood, co-developers, financial lenders and institutional    partners benefit from access to seasoned executives who deliver at the highest quality and
   price-to-value ratio.