Chiron Real Estate Inc. · NYSE:XRN
Chiron Real Estate — Global Medical REIT — Merger or Acquisition (July 2020)
8 slides from Chiron Real Estate's merger presentation, Jul 9, 2020
Slide 1: Internalization Presentation July 9, 2020
Investor Presentation June 2020 I Internalization Presentation July 9, 2020
Slide 2: Forward-Looking Statements
Forward - Looking Statements 1 This presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, Global Medical REIT Inc . ’s (the “Company ”, or “GMRE”) securities . The information contained in this presentation does not purpo
Slide 3: Transaction Rationale
Transaction Rationale 2 ▪ Eliminates certain conflicts of interest ▪ Alignment of stockholder and management incentives Elimination of Conflicts of Interest Immediate Cash Savings ▪ Internalization transaction is expected to result in an immediate reduction in cash G&A expenses and to be AFFO accret
Slide 4: Transaction Overview
Transaction Overview 3 ▪ Purchase price of $18.095 million, subject to customary adjustments ▪ All - cash, taxable transaction ▪ Zensun Enterprises Limited (“ Zensun ”) and Jeffrey Busch received aggregate cash consideration of $18.095 million ▪ 85% of the $18.095 million Purchase Price was paid to
Slide 5: Favorably Structured Transaction Cost
Favorably Structured Transaction Cost 4 GMRE’s Internalization Transaction Compares Favorably to Precedent Internalizations 1.5x 2.0x 2.5x 3.0x 3.5x 4.0x 4.5x 5.0x GMRE Mean* Median* *Source: Company Reports Note: Mean and median calculations include: Preferred Apartment Communities, Jernigan Capita
Slide 6: Management Structure Comparison
Management Structure Comparison 5 Post - Internalization Structure Pre - Internalization Structure Management • Management employed by GMRE • Management employed by an external advisor Base Management Fee • None • 1.5% of stockholders’ equity, calculated quarterly for the most recently completed fis
Slide 7: Cash G&A Cost Savings
Cash G&A Cost Savings 6 GMRE’s Internalization Transaction Will Drive Immediate Cash G&A Savings ▪ GMRE projects substantial cash G&A expense savings as a result of the transaction ▪ Based on Q1 2020 G&A, GMRE expects over $1.2m in annual cash G&A expense savings even before giving effect to incenti
Slide 8: Investor Relations
INVESTOR RELATIONS Evelyn Infurna Evelyn.Infurna@icrinc.com 203.682.8265
Global Medical REIT — Merger or Acquisition (July 2020) on 6ix