Silver Bay Realty Trust — Merger or Acquisition (February 2017)
12 slides from Silver Bay Realty Trust's merger presentation, Feb 28, 2017
Slide 1: Disclaimer and forward-looking statements
General You are advised to read this disclaimer carefully before reading, accessing or making any other use of the information included herewith. These materials are not an offer or the solicitation of an offer to purchase any securities or make any investment. This presentation includes information
Slide 2: About Tricon Capital Group Inc.
About Tricon Capital Group Inc. PRINCIPAL INVESTOR and ASSET MANAGER focused on the North American residential real estate industry $3.0 Billion Assets Under Management Founded in 1988 and listed on the TSX in 2010 Headquartered in Toronto with a Regional Office in San Francisco We invest our own ca
Slide 3: About Tricon American Homes
About Tricon American Homes Founded in 2012, Tricon American Homes is a leading owner and operator of single-family rental homes targeting the middle market. Over the past five years our strategic focus has not wavered – we are strong advocates and believers that the housing needs of working class A
Slide 4: Experienced Leadership Team
Experienced Leadership Team Background: President of Irvine Company Apartment Communities; oversaw all aspects of a 50,000 unit portfolio of multi-family units in coastal California markets. Education: Master of Finance and Accounting from the London School of Economics and a Bachelor Economics from
Slide 5: Operational Summary
Operational Summary TAH has a staff of 261 people across eight major operational functions 6 OFFICE HEADCOUNT BY Atlanta: 25 Charlotte: 37 Columbia: 7 Dallas: 18 Folsom: 16 S.E. Florida: 14 Houston: 11 Indianapolis: 8 Nevada: 4 Phoenix: 7 San Antonio: 1 S. California: 105 Tampa: 8 84 72 MaintenanceP
Slide 6: History and Evolution of our Business
History and Evolution of our Business Since acquiring our first home in April 2012, we have chosen a path of measured growth, which has allowed us to maintain a focus on operations and cash flow generation Securitization 8,018 8,006 7,765 5,163 4,682 3,858 2,835 1,794 Q1 '13 Q2 '13 1 5 Q4 '15 Q2 '16
Slide 7: Combination of SFR Leaders
Combination of SFR Leaders Combined (As of Q4 2016) Homes Owned 7,765 9,044 16,809 Average Home Size 1,526 1,650 1,593 In-Place Occupancy 95.6% 96.7% 96.2% Annualized Turnover 26.8% 29.5% 28.3% Average Monthly Rent $1,227 $1,205 $1,215 Average Rent Per Foot $0.80 $0.73 $0.76 8
Slide 8: Complementary Footprint in High Growth Markets
Complementary Footprint in High Growth Markets Reno, NV Total Homes: 251 TAH: 251 / SBY: - Columbus, OH Total Homes: 284 TAH: - / SBY: 284 Northern CA Total Homes: 1,012 TAH: 631 / SBY: 381 Indianapolis, IN Total Homes: 353 TAH: 353 / SBY: - Charlotte, NC Total Homes: 2,010 TAH:1,321 / SBY: 689 Las
Slide 9: Important Information About the Transaction and Where to Find It
Important Information About the Transaction and Where to Find It In connection with the proposed transaction, the Silver Bay Realty Trust Corp. (the “Company”) plans to file a proxy statement (the “Proxy Statement”) with the Securities and Exchange Commission (“SEC”), in connection with the solicita
Slide 10: Forward-looking statement risk factors
• The occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; The inability to complete the proposed transaction due to the failure to obtain Company stockholder for the proposed merger or the failure to satisfy other conditions of the
Slide 11: Forward-looking statements (continued)
• The Company’s ability to continue to qualify as a REIT under the Internal Revenue Code; • The Company LP’s ability to continue to be treated as a partnership under the Internal Revenue Code; • The effects of changes in accounting policies and other regulatory matters detailed in the Company’s fili
Slide 12: Forward-looking statements (scanned copy)
+ ‘The Company's ability to continue to qualify as @ REIT under the Internal Revenue Code; + The Company LP's ability to continue tobe treated asa partnership under the Internal Revenue Code + ‘The effects of changes in accounting polices and other regulatory matters detailed in the Company"s filing
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