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Development
Real Estate
Presentation
Happy City real estate is a n established real
estate development and contractor company
that specializes in fabricated condo and large
scale residential development in large cities
including New York, Miami, and Los Angeles. It
is seeking preferred equity and lending
Happy City
partners to finance the development of
Development
properties presently in its pipeline.
Real Estate
Presentation
Real Estate Landscape
A Significant Opportunity Exists in Commercial Development
3
50% Of consumers prefer a newly
build home or condo.
4
70% Or cities are investing in condo
and high rise development.
New home
owners represent
over 70% of sales.
Most new high rise
development
requires little
marketing effort.
Many homes are in
need of significant
repair beyond
investment.
5
60% Of home values are increasing
in the target geographies.
3
About our Company
The company combines four main factors which drive the decision of where to
develop, how to develop, and ultimately exit the properties. Its strict methodology
has helped it to achieve alpha level returns on properties since inception.
4
Who
We Are ?
Who We Are?
A team of experienced professionals across real estate construction, financial management, real estate sales, and management. We combine over 100 years of expertise
across all aspects of the real estate industry to produce a synergistic value centric company that develops communities and enables families.
1 2 3 4
Steven has over thirty years in Amy has managed several large Roger is a senior finance Sandra is a real estate agent
the real estate industry as a companies including Century21 executive with experience at with thirty years selling
leading industry professional. and hotel chains. Goldman Sachs and JP Morgan. apartments and condos.
6
Our
services
Commercial developers which have acquired several
smaller contractor agencies in order to produce at a
cheaper cost and enable year-round revenue
generation opportunities.
Our
services
Construction focusing on residential and new
1 development of other companies.
The service portfolio of Happy City extends Home renovation services for existing
beyond commercial development. This yields two
2 residential homeowners.
8
Our Service Portfolio
Our combination of services is synergistic and generates a combined value
4
5
3
6
2 Development Renovation
New development
draws upon other Renovations of
Contractor services in the portfolio existing homes.
General contractor mix.
services.
Community
1 Consulting Investment into the
community to promote
Consulting is provided gentrification and
to help companies build safety.
and manage homes.
Agency
The real estate agency
serves to reduce
reliance on third-
parties.
9
Our Services
The services offered by Happy City Real Estate are all operated through subsidiary companies acquired through M&A and has been expanded
in order to enable lower cost development and higher returns by avoiding unionized labor and allow steady year-round revenue streams.
Constructions
Focused team of contractors and part-time
1 tradesmen avoid unionization.
The construction services of Happy City
are designed to assist companies in the Careful planning to ensure legal compliance,
2 environmental protection, and efficiency.
development of residential, commercial,
and multi-use buildings in cities where Directed by an experienced management
3
real estate construction is complex and team and construction consultants.
challenging such as dense urban areas Professional network of advisors and specially
4
and locations with environmental trained experts across thirty fields.
hazards.
First-hand development experience in condos
5
and high rise luxury real estate.
The construction services are presently offered in New York, Miami, Los Angeles, and
pending introduction in Quebec and Latin American cities.
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Our Services
Property Management
Focused team of contractors and part-time
1 tradesmen avoid unionization.
The property management services of
Happy City are designed to be applied to Careful planning to ensure legal compliance,
2 environmental protection, and efficiency.
the existing portfolio of Happy City, in
addition to new clients that are only Directed by an experienced management
3
seeking management service to ensure team and construction consultants.
that their tenants are properly cared for Professional network of advisors and specially
4
and that the building receives rent on trained experts across thirty fields.
time with maximum building protection.
First-hand development experience in condos
5
and high rise luxury real estate.
The property management services are presently offered in New York, Miami, Los
Angeles, and pending introduction in Quebec and Latin American cities.
12
Our Services
Construction Consultant
Focused team of contractors and part-time
1 tradesmen avoid unionization.
As experienced construction
consultants, the team at Happy City Real Careful planning to ensure legal compliance,
2
environmental protection, and efficiency.
Estate has helped hundreds of
construction companies and real estate Directed by an experienced management
3
developers maneuver complex team and construction consultants.
The construction consulting services are presently offered in New York, Miami, Los
Angeles, and pending introduction in Quebec and Latin American cities.
13
Our Services
General Contractor
The general contractor services are presently offered in New York, Miami, Los Angeles,
and pending introduction in Quebec and Latin American cities.
14
There are several developments
presently in place for which Happy
City Real Estate is seeking limited
partners with the option to invest in
Property
Pipeline
equity for the entire project or to
purchase individual condos in the
facility in advance at a discount.
Real Estate Service Mix
The real estate service mix is based on the current classification of services over the past four
months by category for development, general contractor, and real estate.
125
Percentage of revenue generation by
Development service mix classification.
100
Real Estate Development
Contractor
75
60% Generated from real estate
development services.
Services 50
Contractor Services
25
30% Generated from general
contractor and repair.
Real Estate
Services
Other Services
0
April May June July 10% Generated from other real
estate services.
16
Property Deals
An overview of current development projects in the pipeline for FY 2017
Focused team of contractors and part-time Directed by an experienced management First-hand development experience in condos
1 3 5
tradesmen avoid unionization. team and construction consultants. and high rise luxury real estate.
Careful planning to ensure legal compliance, Professional network of advisors and specially Detailed development plan for new
2 4 6
environmental protection, and efficiency. trained experts across thirty fields. developments over the next ten years.
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Property Deals
An overview of current development projects in the pipeline for FY 2017
Property Amount Target IRR Property Amount Target IRR Property Amount Target IRR
Single Unit 88,002 88,002 Commercial 88,002 88,002 Commercial 88,002 88,002
Single Floor 10,012 10,012 Condo 10,012 10,012 Condo 10,012 10,012
Commercial 689,560 689,560 Single Unit 689,560 689,560 Single Unit 689,560 689,560
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Some Exclusive
Properties 1
Code # 650 SKS 5640 Location : Chicago, IL Category: Residential
South
KAWABUiLD
The SunShore South property is a planned will have three investment options for the sale of a complete the development which it intents to pay
development for FY 2020 that has already condo unit, apartment units, and floor level within thirty-six months of development completion.
commenced in conjunction with the build partner, investments. The company is also considering debt The full details of the investment and projected
KawaBuild in Chicago, IL. The residential property investments with high yield secured notes to returns are provided in the table above.
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Some Exclusive
Properties 2
Code # 650 SKS 5640 Location : New York, NY Category: Condo
Plaza
KAWABUiLD
The Diamond Plaza property is a planned will have three investment options for the sale of a complete the development which it intents to pay
development for FY 2022 that has already condo unit, apartment units, and floor level within thirty-six months of development completion.
commenced in conjunction with the build partner, investments. The company is also considering debt The full details of the investment and projected
KawaBuild in New York, NY. The residential property investments with high yield secured notes to returns are provided in the table above.
20
Some Exclusive
Properties 3
Code # 650 SKS 5640 Location : Miami, FL Category: Multi-Use
Brooks
KAWABUiLD
The Summer Brooks property is a planned have three investment options for the sale of a complete the development which it intents to pay
development for FY 2023 that has already condo unit, apartment units, and floor level within thirty-six months of development completion.
commenced in conjunction with the build partner, investments. The company is also considering debt The full details of the investment and projected
KawaBuild in Miami, FL. The residential property will investments with high yield secured notes to returns are provided in the table above.
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Timeline The projected timeline for the company including the development
timeline for current pipeline projects and intended pipeline for new
projects in the consulting, agency/brokerage, and contractor space.
1 2 3
Landscaping
The acquired property
was prepared for
construction in Q3 2016.
Finishing
The property interior Security Management
was completed as of Q1 The security features The management of the
FY 2017 were implemented as of facility is currently being
Q2 FY 2017 installed as of Q2 FY 2017.
7 8
The management
office continues to
ensure 100%
occupancy rates.
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Projected Operating Highlights By Year ($ M) Projected Revenues By Year ($ M)
2500 2500
Revenue
2000
2000
1000
EBITDA 1000
500
500
Net Profit
0
Year 1 Year 2 Year 3 Year 4 Year 5
0
(500) Year 1 Year 2 Year 3 Year 4 Year 5
1000
250
600
150
400 100
Cash Balance
200 50
0 0
Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5
Pro Forma Profit and Loss ($ M)
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue 222,800 1,337,452 1,496,032 1,768,400 2,019,588
Subtotal Cost of Revenue 134,000 871,000 971,500 1,139,000 1,306,500
Total Cost of Revenue $ 134,000 $ 871,000 $ 971,500 $ 1,139,000 $ 1,306,500
Expenses
Property Management 3,600 3,708 3,819 3,934 4,052
Insurance 1,440 1,483 1,528 1,574 1,621
Property Tax 7,320 7,540 7,766 7,999 8,239
Professional Services 1,440 1,483 1,528 1,574 1,621
Maintenance & Supplies 600 618 637 656 675
Other SG&A 1,000 1,236 1,273 1,311 1,351
Total Operating Expenses $ 15,400 $ 16,068 $ 16,550 $ 17,047 $ 17,558
Wages & Payroll 283,374 341,697 352,149 363,624 376,224
Depreciation, Amortization & Taxes 9,542 14,129 20,258 32,335 41,510
Net Income $ 63,858 $ 94,558 $ 135,575 $ 216,395 $ 277,797
Net Income/Revenue 29% 7% 9% 12% 14%
Year 1 Profit & Loss ($ M)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Revenue 1,900 1,900 1,900 51,900 51,900 51,900 51,900 1,900 1,900 1,900 1,900 1,900
Subtotal Cost of Revenue - - - 33,500 33,500 33,500 33,500 - - - - -
Total Cost of Revenue $ - $ - $ - $ 33,500 $ 33,500 $ 33,500 $ 33,500 $ - $ - $ - $ - $ -
Gross Margin $ 1,900 $ 1,900 $ 1,900 $ 18,400 $ 18,400 $ 18,400 $ 18,400 $ 1,900 $ 1,900 $ 1,900 $ 1,900 $ 1,900
Gross Margin/Revenue 100% 100% 100% 35% 35% 35% 35% 100% 100% 100% 100% 100%
Expenses
Property Management 300 300 300 300 300 300 300 300 300 300 300 300
Insurance 120 120 120 120 120 120 120 120 120 120 120 120
Property Tax 610 610 610 610 610 610 610 610 610 610 610 610
Professional Services 120 120 120 120 120 120 120 120 120 120 120 120
Maintenance & Supplies 50 50 50 50 50 50 50 50 50 50 50 50
Other SG&A - - 100 100 100 100 100 100 100 100 100 100
Total Operating Expenses $ 1,200 $ 1,200 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300 $ 1,300
EBIT $ 700 $ 700 $ 600 $ 17,100 $ 17,100 $ 17,100 $ 17,100 $ 600 $ 600 $ 600 $ 600 $ 600
EBIT/Revenue 37% 37% 32% 33% 33% 33% 33% 32% 32% 32% 32% 32%
Lets
Discuss
q&a
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T H E E N D
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