Green Leaf Partners has created an investment fund to take advantage of opportunities that the current economic environment offers apartment owners. Apartment buildings are in a unique position to profit from the current turmoil in the housing market. Green Leaf Partners believes that apartments should benefit from the following factors:

• A flight from home ownership to renting due to tightening in the mortgage markets
• An increase in rents as the rent/home value ratio returns to historical norms (rents
  are historically about 5% of home values and they are currently at about 3% of home
  values)
• A lack of development of new apartment buildings due to the price of land and the
  cost of construction materials and labor

We intend to raise a $100M fund to sufficiently capitalize the company to take advantage of these factors and earn attractive returns for our investment partners.

Where We Invest

"C" and "B" class properties that have been under-performing in strengthening markets in Western and Southeastern markets (see map graphic below). Properties that have been neglected either through management or lack of capital are our primary acquisition focus. Many of the markets we buy in have recently experienced rental downturns and are just beginning to improve. This provides an opportunity for acquisition and repositioning. Characteristically, these markets have had declining or flat rents and occupancy since 2001, but are now starting to trend positively. Insufficient capital investment has been made to sustain the existing multi-housing stock in these cities and new construction has been limited either due to capital or local initiatives. Some jurisdictions, especially in Atlanta, have instituted initiatives condemning properties that do not meet their urban renewal standards and future development plans. With proper management and appropriate investment and renovation, existing apartments in these areas have great potential to become attractive investments.