Comstock Holding Companies, Inc. · NASDAQ:CHCI
Comstock Holding Companies — Comstock Homebuilding Companies — Investor Presentation (June 2011)
19 slides from Comstock Holding Companies's investor presentation, Jun 2, 2011
Slide 1: Investor Presentation
* Exhibit 99.1 * * * * * * * * * * * ****************************** Investor Presentation May 31, 2011
Slide 2: Disclaimer
Disclaimer Certain matters discussed throughout all of this presentation constitute forward-looking statements within the meaning of the federal securities laws. Generally, our use of words such as “expect,” “estimate,”“believe,” “anticipate,” “will,” “forecast,” “plan,” “project,” “assume” or simil
Slide 3: Investment Thesis – Why Comstock?
Investment Thesis – Why Comstock? Unique “story” in the publicly traded real estate space Experienced real estate management team operating through a publicly traded business platform Deep knowledge of target Washington DC market; proprietary deal flow No significant “legacy” issues as is common in
Slide 4: Comstock Overview
Comstock Overview We are a multi-faceted real estate development and services company with substantial experience in building a diverse range of products including single-family homes, townhomes, mid-rise condominiums, high-rise multi- family condominiums and mixed-use (residential and commercial) d
Slide 5: Our Operating Market – Washington, DC
Our Operating Market –Washington, DC We are exclusively focused on the Washington, D.C. market which is the eighth largest metropolitan statistical area in the United States. Our expertise in developing traditional and non-traditional housing products enables us to focus on a wide range of opportuni
Slide 6: Comstock's Business Plan
* * * * * * * * * * * Comstock’s Business Plan
Slide 7: Our Business Strategy
Our Business Strategy Our business strategy is designed to leverage our extensive capabilities and market knowledge to maximize returns on invested capital on our various real estate related activities. We execute our strategy through three related business units: • Homebuilding – We target new home
Slide 8: Comstock Concentrated Approach
Comstock Concentrated Approach Three Business Lines Concentrated In One Favorable Market Washington, D.C. Metropolitan Area – Among Best Performing Real Estate Markets 7
Slide 9: Current Projects
* * * * * * * * * * * *Current Projects
Slide 10: Comstock Communities
Comstock Communities The strength of the Washington, DC economy, increased demand for rental housing and stabilizing conditions in the new home market provides an attractive opportunity to maximize the value of each Comstock development 9
Slide 11: Penderbook (Penderbrook Square)
Penderbook (Penderbrook Square) 10
Slide 12: Eclipse (The Eclipse on Center Park at Potomac Yard)
Eclipse (The Eclipse on Center Park at Potomac Yard) 11
Slide 13: Cascades (The Commons on Potomac Square)
Cascades (The Commons on Potomac Square) 12
Slide 14: Hampshires and Cedar Hill
Hampshires and Cedar Hill The Hampshires and Cedar Hill will be developed as a result of a joint venture between Comstock and Four Points, LLC Four Points, LLC is contributing the land and Comstock will manage the onsite development, construction and marketing of the projects, as well as project fin
Slide 15: Improved Financial Position
Improved Financial Position
Slide 16: Financial Restructuring – Significant Improvement in Overall Financial Position
Financial Restructuring – Significant Improvement in Overall Financial Position Comstock has restructured its balance sheet Reduced debt load from a peak of over $340 million to less than $30 million in 2011 Only maturity in 2011 is $6.2 million Penderbrook secured loan which we believe we have the
Slide 17: Well Positioned For Return To Profitability
Well Positioned For Return To Profitability Focused on Washington, DC market, widely regarded as best real estate market in nation Experienced management team with unique operating model, ability to develop wide range of housing products, including single family homes in suburban areas to mixed-use
Slide 18: Conclusion
Conclusion
Slide 19: Why Comstock Is Positioned To Rebuild Its Business And Increase Shareholder Value
Why Comstock Is Positioned To Rebuild Its Business And Increase Shareholder Value While the national housing recovery continues to seek solid footing, Comstock’s focus on the Washington, DC market and its diverse real estate development platform provides opportunities to build its business, increase
Comstock Homebuilding Companies — Investor Presentation (June 2011) on 6ix