west hill - investor presentation

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Page 1: WEST HILL - Investor Presentation

working in collabora-on with and

Page 2: WEST HILL - Investor Presentation

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Executive Summary

West Hill Financial Services, LLC is a Miami based investment advisory firm (CRD# 172366) registered under the Investment Advisory Act of 1940 that offers objective advice and investments to wealthy individuals and institutions throughout the world.

West Hill RE Asia Pacific Fund, Inc. is a Feeder Fund, exclusively offered by Total Consultancy Limited Vietnam, for further investment into the West Hill Real Estate Opportunity Fund, LP (“the Fund”). The Fund is a Delaware limited partnership that operates as a private closed-•‐end real estate fund to achieve superior investment returns by acquiring performing and undervalued residential real estate in the South Florida market.

The Fund pursues a multi-•‐strategy and value added approach to the market that includes transactions in individually owed, bulk bank owned, distressed seller-•‐owned, short sale and other residential units at steep discounts to fair market value.

A portion of the Fund’s resources is dedicated to renting out these properties, and a portion is dedicated to realizing shorter-•‐term profits.

The property the Fund purchases has averaged $90,000 in cost and includes single-•‐family homes, multi-•‐ family developments, and condominiums.

The Fund’s highly disciplined and systematic strategy is specifically designed to build a diversified residential real estate porfolio to achieve high rates of return with a low level of associated risk.

Page 3: WEST HILL - Investor Presentation

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Market Perspective – Exceptional Opportunity

Recovery and Stabilization of the U.S. Real Estate Market

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New Housing Starts

The areas most active with new housing activity are generally those areas that were hit the hardest during the credit crisis.

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The South Florida Real Estate Market

A Historic Opportunity

South Florida was one of the hardest hit regions in the United States during the national housing crash. Because of the extreme nature of South Florida’s price depreciation, the region’s rebound is positioned to be significantly more dramatic than in most other major cities.

Unique Demographics

Miami is a major metropolitan area. Home to more than 5.5 million people and making it the nation’s eighth largest metropolitan area with roughly the same size of greater Washington, D.C.

Miami’s economic output or gross regional product is more than $250 billion.

Miami’s resurgence is being driven more by global forces. Miami is a hot spot for buyers from Latin America, Europe, and Asia who are drawn to its comparatively low prices and global connectivity. In contrast to many other resort-•‐oriented cities, Miami is connected by direct flights to a wide variety of global cities in Europe, Latin America, and around the world.

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The South Florida Real Estate Market

The US and South Florida Real Estate Market Correction and Stabilization of Prices

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Market Data and Statistics

Miami is a Stabilized and Appreciatinng Market

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Fund Objectives and Guidelines

The Fund will be actively operating in both the distressed and non-•‐distressed market of 1-•‐3 bedroom condominiums and single-•‐family homes in modest, stable, working class neighborhoods.

One of the primary objectives of the Fund is to buy units in the distressed market where prices should remain relatively

flat and then, ader the unit has been refurbished and otherwise normalized, to rent and sell units in the non-•‐distressed market where prices are generally rising.

Residential properties in South Florida with fair market value below $120k

Acquisition cost 50% below 2006/2007 peak price Fair market value 30% above Total Cost (purchase price + rehab) Replacement value 15% above Fair market value

Net operating rental income of at least 6% Rental properties will be approximately 80% of the funds capital allocation

For Sale properties are approximately 20% of the funds capital allocation

Page 9: WEST HILL - Investor Presentation

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INVESTMENT STRATEGY & PROCESS

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WEST-$-HILL

Fund Structure

West Hill Fund

Advisors, LLC

west Hili Ftcal £state Opportu nity f und. L P

Bank acrounliii.So t1eld at ReclonsBank

1 West H ill R£ Asia Paci fic

In vestors fund. I nc. EXCLUSIVE FeederFu.ndfor

Titltll CO rt$U(U.mcy Vittrtam

lnvestOrS Wi Fu.nd.$ l0

Regions Bank in f lo rida

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General Terms of the Fund

USD $100k minimum investment.

Accredited Investors only.

The Fund will seek to return all capital to investors by December of 2017 or sooner.

The Fund Administrator will have independently produced semi-•‐annual valuations for client statements, which will be available online to investors.

Independent Fund Administrator: Cortland Global Markets ( www.cortlandglobal.com )

Legal Counsel: Vedder ( www.vedderprice.com )

Independent Auditor: MBAF (www.mbafcpa.com )

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Current Properties Owned by the Fund (as of May 2015)

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West Hill Senior Executive Biographies

Robert Dorfman Managing Director of Real Estate Opera-ons, Member of Investment Committee

A seasoned veteran of the real estate industry, Robert (Bob) Dorfman supervises all real estate activities for West Hill. Most recently prior to joining the company in 2012 Mr. Dorfman was the Senior Vice President of Acquisitions for The Related Group.

Peter A. Chevalier Managing Director, Fund Opera-ons

Mr. Chevalier has over 25 years of experience in the real estate industry specializing in the practice of architecture and construction management. Mr. Chevalier moved to South Florida in 2002 where Chevalier LLC was launched as a boutique architecture and construction management firm. Chevalier LLC has delivered construction management services on projects with more than $300 million dollars in construction costs. Canyon Ranch Hotel & Spa, Miami Beach, South Of Fidh Residences in Miami Beach and the Terrazas River Park Village, Miami were some of the more notable projects of this effort.

Briana Gowen

CFA, PorColio Manager, Director of Acquisi-ons

Prior to becoming the Senior Financial Analyst for the Fund, Ms. Gowen worked in New York City financial community at J.P. Morgan, the hedge fund D.B. Zwirn and the private equity firm Clayton, Dubilier & Rice. During that time she managed a private asset porfolio consisting of small agency transactions, bi-•‐lateral, syndicated loans and private equity deals exceeding $150 million with two other analysts. The varied positions offered the opportunity to view financial opportunities from diverse perspectives.

John Egusquiza Legal Counsel for Acquisi-ons Mr. Egusquiza has been in private practice as a real estate arorney since 1992 ader graduation from the University of Miami School of Law.

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Paul D. Weiss

Managing Partner, Member of Investment Committee

Mr. Weiss has over twenty five years of experience in various areas of the financial services industry. His past positions include Vice President – Investments with A.G. Edwards, Director of Private Client Services and Middle Market Institutional Trading with Bear Stearns, Senior Vice President with Paine Webber in its International Clients Private Banking Group, Executive Director with CIBC Oppenheimer, and Managing Partner of Atlas One Financial Group, LLC.

José E. Latour, Esq.,

Chief Legal Counsel

Attorney José E. Latour immigrated to the U.S. from Cuba with his parents at the age of four. Growing up in South Florida, he attended the University of Florida for both undergraduate and law studies. Upon graduating law school, Mr. Latour wasappointed to the U.S. Department of State as a Diplomatic and Consular Officer by the late President Ronald Reagan. After serving abroad in Mexico and Equatorial Guinea (Africa), he left government service to begin private law practice.

Mr. Latour serves as a member of West Hill’s Management Committee, Chief Legal Counselor, and a Director of the West Hill RE Asia Pacific Investors Fund, LLC.

Jorge A. Netto

Managing Partner, Member of Investment Committee

Mr. Nero has been in the financial services industry serving in different capacities for over two decades. His past positions include Managing Director with First Union in its International Financial Services Division, Vice President -•‐ Investments with A.G Edwards and Senior Executive Director at Atlas One Financial Group, LLC.

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West Hill, Total Consultancy and Latour Law

Three Unique Companies Offering a Dynamic Opportunity

Management

Experience

Defined Exit

Strategy

Timing and Discipline

Value Added

Approach

Page 16: WEST HILL - Investor Presentation

DISCLAIMER

This confodCflt ialpresCfltation outlines certaincharacter istics of a proposed distressed real estate

fund (tho "Fund"). This material is presented solely for purposes of discussion to assist prospec tive

investors in determ ining w hether they have a prelim inary interest in investing in a transact ion with thogoncro lcharact eristics described herein.Tho securities ofthc Fundwil l notwil l not be registered

under the Securi ties A ct of 1933,as amended (tho "S ecurit es Act ") or any state securities laws and

wil l only be offered to persons w ho arc "accredited investors• pursuant to Regulation 0 of tho

Securities Act.

This material contains confidentia l and/or privileged information. If you arc not the intended

recipient,please not fy tho sende r immediate ly and destroy those contents. Any unauthorized copying,disclosuteordistributionof this materialisstrictly prohibited.This matctialis for information purposesonly and is not an offer to selloro solicitation of any offer to buy shares or interests ina

fund.S uch offe r or solicitati on may be made onl y by tho current Private Placement Memorandum. Aocord ingly,please sec the Private Placement Memorandum for complete terms and conditions as available. The net returns noted herein include all components of net income, including investment management fees,incentive fees and specialall ocations. Past performance is no guarantee and is

not indicative of futu ro performance.

Transactions of tho typo dcsetibcd herein may Involve a high degree of risk,and the value of such instruments may be highly volatil e.S uch risks may include, without limitation, risk of adverse or

unanticipated market dev elopments.risk of ooun terparty or issuer default and risk of illiquidity. To that end,Investors may lose their entire investment. This brief statement docs not discl ose all the

risks nnd other signif icnnt aspects of the tmnsactions of the type described herein,nnd investors should ensure that they full y understand the terms of any fundinvostmCflt,including tho rel evant

risk factors and any legal,tax and oocount ng considerations applicable to them,pri or toinvesting.

These materials contain statements that arc "forw ard lookingstatemCflts." In some cases,you can

identify forw ard looking statements by t erms suoh as "anticipate," "believe,'' "could,'' "est mat e,"

"expect." "intend," •m ay,11 "plan,• •potentia l," "should " and •w ould11 or the negat ive of these terms

or other comparable terminology,Statements regarding tho foll owing subj ects,among others ,arc forw ard looking by their nature:tho Fund's investment objectivos and business strategy;tho Fund's

ability to invest effec t vely tho proceeds of tho exchange offer andconcurrent private offering; th o

Fund's abili ty t o obtain futuro financing arrangements; estimates or statements relating to, an d

tho Fund's abili ty to make, futuro distributions:tho Fund's ability to compete in tho marketplace; market. industry nnd economic trends : and recent market developments . The Fund's belief s,

assumpti ons and expectat ions can change as a result of many possible events or factors, not al l

of wllich arc know n to it or arc within its control. If any such chango occurs, tho Fund's business, financialcondition,liquidity and results of operations may var y materially from those expressed in,or implied by,tho forwardlooking statements. Tho rates oE return sot forth heroin oro puroly hypothetical and arc no guarantee that such rate wil l actually be achieved.

Neitller tho Fund norWest HillRealEstate O pportunity Fund,LLC norany of their respec tiveaffilia tes m akes any representation or w arranty,express or im plied, as to the accuracy or com pleteness of

tho informa tion contained herein, and nothing contained herein shall be relied upon as a promise or representation as to past or futuro performance of tho Fund.No hor the Fund nor West H ill

expect s t o updat e, or ot her w ise r evise t h e inf or m a tion cont a incd her oin except by m ean s of a

private plaooment memorandum .

Prospectiveinvestors should not construe this material,tho private placement memorandum, or

any prior or subsequen t communicat on as legal,aocounting,or tax advice.Certa in information

presented herein is present edin summary form and is not complet e.Prior to makinganinvestment

dec ision, an invest or shou ld cond uc t such investigations as such investor deem s necessary in

order to determ ine if an investment in the Fund is appropriate and suitable for such investor and

should consult such invc stor•s ow n legal, accounting, and tax advisers in order to determine the

consoquCflcos of an investment in the Fund and to make on independent evaluation of such investment.

Page 17: WEST HILL - Investor Presentation

For further information, please do not hesitate to contact us:

TOTAL CONSULTANCY LIMITED VIETNAM

No. 100, D1 Street, Him Lam Residency, Tan Hung Ward, District 7, HCM.

Contact: 0907 971 888 Email: [email protected] // [email protected]

Website: www.tclvn.com // www.westhillre.com // www.latourlaw.com

Paul D. Weiss Jose Latour Jorge A. Netto Loan Jessica Tran