CHARM CITY HISTORIC REHABILITATION & DEVELOPMENT - ABOUT US

ABOUT US CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

CHARM CITY OVERVIEW • Key Focus on Development, Construction, and property management in the prime high growth Baltimore & Washington, D.C. Metropolitan Area • Add value to historic real estate assets through adaptive reuse, value engineering, and working with the local Chap authorities, Maryland Historical Trust, and the National Park Service to secure tax credit subsidies.

• Leveraging our outstanding relationships and brand recognition with our investor base.

CHARM CITY INVESTMENT STRATEGY MISSION To transform communities and bring affordable housing to market through the redevelopment of undervalued historic buildings partnered with government subsidies.

TARGETED ACQUISITIONS: Distressed or underutilized historic real estate located close to a central business district, hospital, or university driving a potential tenant base with solid employment in the Baltimore and Washington, D.C. multifamily market.

CHARM CITY PROPERTY the Totman Building located at 208 E. Redwood St. was vacant for several years prior to our purchase, and is now a 26 unit, fully occupied mixed use building in the heart of the business district.

• A deep understanding of the local rental markets from extensive property management experience in the Baltimore & Washington, D.C. Metropolitan area

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

WHAT WE DO CHARM CITY DEVELOPMENT provides comprehensive real estate development services including deal structuring and financing, design, construction management, and property management.

Because we provide development services that transform buildings, neighborhood blocks, and ultimately communities, our developments are the catalysts for, or the continued momentum of, broader neighborhood revitalization strategies.

Charm City Development provides a wide array of mixed-use and residential

URBAN REVITALIZATION MASTER PLANNING

HISTORIC REHABILITATION

We provide urban revitalization planning services to our community and municipal partners, who often need expertise in understanding what it takes to kick-start healthy urban communities. We can offer this expertise on a broad or on a narrower scale, such as our work to renovate the historic communities throughout Mount Vernon and the greater Baltimore City area. Our clients depend on that knowledge, that insight, and that experience. We have marketleading experience in using the best financing tools available to turn vision and plans into reality. We routinely utilize and layer complex financing tools, such as historic tax credits, to successfully implement our best revitalization strategies.

Our historical rehabilitation services seek to complement the surrounding built environment and foster the best traits of a walkable, sustainable, urban lifestyle. We have successfully used historic renovation and new construction urban infill to contribute to high density communities.

We are continually evolving and thinking innovatively as we use the best designs, city views, and modern amenities to make our next project the best home our residents can find.

development services within two categories:

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

OUR SERVICES DEVELOPMENT CONSTRUCTION MANAGEMENT

DEVELOPMENT Charm City Development provides comprehensive real estate development services including deal structuring and financing, design, construction management, and property management. Because we provide development services that transform buildings, neighborhood blocks, and ultimately communities, our developments are the catalysts for, or the continued momentum of, broader neighborhood revitalization strategies. Charm City Development provides a wide array of mixed-use and residential development services within two categories: Urban Revitalization Master Planning and Historic Rehabilitation.

CONSTRUCTION As a respected contractor with our original roots in the Greater Baltimore region, Greater Baltimore Construction specializes in construction and general contracting services for Mixed-use and the multifamily residential market, both new construction, rehab and historic rehab.

Greater Baltimore Construction consistently drives terrific value to each project by integrating our talent throughout each step of the planning and construction phases of a project. From the execution of highly complex mid-rise buildings to single story structures located in historic communities, our extensive experience allows for each client’s project to be tailored to their site and their project.

MANAGEMENT We provide professional, knowledgeable and experienced representation for your leasing and property management needs. You control and retain ownership of your property, while we manage it to provide the greatest return on your investment. Our staff is equipped with the proper management software to be able to quickly interact with current tenants, market to prospective tenants, respond to maintenance requests, and manage various accounts: » » Full leasing services, including tenant screening » » Move in/move out reports » » Maintenance » » Rent collection » » Eviction services/suit filings 4

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

TIM KLEMPA | PRINCIPAL

WHO WE ARE

Tim Klempa is a Principal of Charm City Development Company and Greater Baltimore Construction Services, LLC. Mr. Klempa has a long, well rounded background in real estate.

His experience includes multifamily property management, leasing, and brokerage, and construction.

CHARM CITY D E V E LO P M E N T TEAM MEMBERS

In the recent past, Mr. Klempa worked at Permira Realty, LLC a subsidiary of the Poverni Sheikh Group, a multifaceted development firm where Mr. Klempa was able to learn a great deal about commercial real estate transactions as well as the multifamily development process.

Prior to Poverni/Sheikh Mr. Klempa was in the property management field with Maryland Management Company whom owned and operated roughly 10,000 apartment units throughout greater Baltimore. Mr. Klempa was involved with the operation of properties ranging in size from 100 – 450 units, and the management of 3-12 employees at a single location. After just 15 months with the company Mr. Klempa was put in charge of their premier property, Thames Point Apartments, a 125unit apartment building with a 50 boat slip marina, in Historic Fells Point. The time Mr. Klempa spent with Maryland Management allowed him to gain a great deal of hands on knowledge regarding property and employee management as well as understanding of the corporate infrastructure of a world class management operation with 500+ employees.

For the past couple of years Mr. Klempa has focused on growing his development activities and handles all aspects of the development cycle from underwriting, to fundraising and property acquisition, to engaging the team of tax credit consultants, architects, zoning consultants, general and sub-contractors, leasing the property upon completion and ongoing property management.

Mr. Klempa holds a B.S. from West Virginia University and a Maryland & Massachusetts real estate license, an MHIC license, and is certified to work on lead containing properties.

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

WHO WE ARE CHARM CITY D E V E LO P M E N T TEAM MEMBERS

PATRICK GRACE | PRINCIPAL Patrick Grace has been involved in the real estate industry for 15+ years and has been the owner of Trademark Properties since 2005. The company provides a spectrum of real estate services to investors, including sourcing, analyzing, developing, constructing, and managing properties. Their primary focus has been the rehabilitation of historic properties into multifamily or mixed-use, while securing federal and local tax credits. The company has successfully completed over 40 projects and provides property management services for the projects it develops. They are heavily invested in the Baltimore market, and currently have 59 new units under construction in the city. Their projects support the company’s long-term commitment to providing affordable luxury housing to the Baltimore community, while restoring the historic architecture that makes the city unique. Mr. Grace received his bachelor’s degree from James Madison University and MBA from Georgetown University.

SEAN SIGMON | ASSET MANAGER Sean Sigmon joined Charm City Development, LLC in 2018 after graduating from the University of Maryland at College Park. Sean holds a bachelor’s degree in Economics and minored in both Real Estate Development and Public Policy. While in college, Sean interned with Morgan Properties where he gained valuable experience in the Real Estate industry and as a Property Manager. As our Asset Manager, Sean takes pride in making sure each property maximizes in potential and return on investment. Sean takes the lead in directing all property marketing, leasing, maitenance up-keep, and resident relations to protect the Asset of the investor and to add value to that asset.

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

WHO WE ARE CHARM CITY D E V E LO P M E N T TEAM MEMBERS

THOMAS JACOBI INVESTOR REL ATIONS Thomas Jacobi is the head of investor relations for Charm City Development Company. He joined the company in 2017 when it was formed after the merging of two development companies with proven track records of success. Thomas is an experienced and successful entrepreneur and real estate investor who has an appreciation for Baltimore’s rich history, cultural offerings, and accessibility. He believes in Baltimore’s tremendous potential and has been investing in the city for many years.

Thomas is a principal equity investor in many Charm City projects and he heads up the formation of equity capital pools which are paired with debt and tax credit partners for investment in future adaptive reuse developments.

A seasoned film professional, Thomas also runs Jacobi Films Inc., an international film production company that works with firms such as National Geographic, Discovery and Netflix. He holds a degree in theater engineering.

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

19-23 S. GAY STREET

CURRENT & PAST PROJECTS

Predevelopment is underway on this 62 unit luxury apartment building in the central business district of which we will be partnering with opportunity zone funds and pursuing Federal, Facade, and local tax credits. Delivery winter 2020.

Here are just a few recent projects from Charm City Development, LLC

7 WEST MULBERRY STREET “The Old Cathedral School”, this property was America’s first Catholic School. Located directly across from the historic Basilica, it was vacant and neglected prior to our purchase in 2015. The historic architecture has been restored and the property now contains 10 large apartments and a ground floor office. The property was recently featured on several episodes of the Ellen DeGeneres Show.

“THE TOTMAN BUILDING” 208 E REDWOOD STREET The original Baltimore Stock Exchange Building, the property was completely destroyed in the Great Baltimore Fire of 1904, and rebuilt in 1906. It was vacant for several years prior to our purchase and is now a 26 unit, fully occupied mixed use building in the heart of the business district. The property was delivered in late 2017 and features complete restoration of the remaining historic architecture.

108 W. SARATOGA STREET A vacant rooming house acquired April of 2017. The property had sat derelict for years and was picked up at value. The property was delivered November 2018 and has 7 apartments and 1 office suite. Federal, Chap, and Façade tax credits were obtained.

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CHARM CITY

DEVELOPMENT COMPANY, LLC Historic Rehabilitation and Development

1212-1214 EUTAW PL ACE

CURRENT & PAST PROJECTS

Construction is underway of this 26 unit mixed use building which will feature over 25,000 square feet of apartments, office suites, roof top decks, and storage space.

We will be obtaining Federal tax credits and local Chap tax abatements. Delivery winter 2019.

Here are just a few recent projects from Charm City Development, LLC

106 W. SARATOGA STREET Renovation is underway on this 9 unit historic rehabilitation in the central business district.

Construction is scheduled to start May 2019 and we will be pursuing Federal, Facade, and local Chap tax abatements.

2121 SAINT PAUL STREET A 3-unit property in the Old Goucher Neighborhood that was purchased as a distressed asset via auction. 2121 had a mostly cosmetic renovation of kitchens, baths, flooring, and minor layout alterations. It features granite countertops, stainless steel appliances, original hardwood throughout, off street parking and roughly 1,000-1,200 square foot units. It was delivered in November 2016.

1724 SAINT PAUL STREET A 4-unit property in the Station North Arts and Entertainment District that was completely gut renovated into new luxury apartments with granite counters, stainless steel appliances, hardwood floors, high end tile bathrooms, and parking. The Federal Historic rehabilitation tax credits and the Chap Tax credit were pursued as part of this project. It was completed September 2017.

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CHARM CITY

PAST PROJECTS

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508.612.0094 | info@charmcity-re.com | charmcity-re.com