Trinity Place Holdings Inc. · OTC:TPHS
Trinity Place — Shareholder Meeting (June 2018)
13 slides from Trinity Place's shareholder meeting presentation, Jun 14, 2018
Slide 1: Annual Shareholder Meeting
NYSE American: TPHS Annual Shareholder Meeting June 14, 2018
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statement Certain statements in this presentation and that may be made in meetings contain forward-looking statements. All statements included in this presentation, other than statements of historical fact, that address activities, events or developments that we believe or
Slide 3: A Year of Progress
A YEAR OF PROGRESS 77 GREENWICH STREET ► Project risk mitigation as a pre-requisite to execution ► Closed on a $189.5 million construction facility to build 77 Greenwich – mixed use condominium tower in heart of Lower Manhattan ► Contracted to sell approximately 30% of the project to the New York Ci
Slide 4: 77 Greenwich
77 Greenwich
Slide 5: 77 Greenwich Project Summary
77 GREENWICH Project Summary ► 500 foot tall tower with all residence having water views with majority of homes under 1,350 SF ► A well located development in burgeoning New Downtown powered by $30 billion in private and government investment since 2001 and 5.5 million square feet of office leasing
Slide 6: 77 Greenwich Projected Timeline
77 GREENWICH PROJECTED TIMELINE 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H21 2H22 1H23 2H23 1H24 2H24 ►Secured $189.5 M construction loan ►Acts like a line of credit, only pay interest on outstanding balance Project Construction 21 monthly payments from NYC to TPHS Construction Costs (Tota
Slide 7: 77 Greenwich Construction Progress
77 GREENWICH CONSTRUCTION PROGRESS Trinity Place Holdings Inc. (NYSE American: TPHS) 7
Slide 8: Multifamily Portfolio and Strategy
MULTIFAMILY PORTFOLIO AND STRATEGY
Slide 9: Multifamily Thesis with a Brooklyn Focus: A Contrarian View
MULTIFAMILY THESIS WITH A BROOKLYN FOCUS A “CONTRARIAN” VIEW Housing & Demographic Trends ► NYC has some of the oldest housing stock in the nation and 64.2% of NYC stock is rental units ► NYC metro population projected to grow by over 3% (~600K people) over next decade ► The growing cohort of highly
Slide 10: Brooklyn Multifamily Assets
BROOKLYN MULTIFAMILY ASSETS 237 11th Street 223 North 8th Street ► On border of Park Slope and Gowanus, this location ► Williamsburg, Brooklyn – A bourgeoning center of captures the character of a more artsy industrial area and residential, retail and hotel spurred by 2005 rezoning the more stately
Slide 11: Retail Portfolio
RETAIL PORTFOLIO
Slide 12: Retail (Syms Filene's Basement Legacy Assets)
RETAIL (SYMS FILENE’S BASEMENT LEGACY ASSETS) WEST PALM BEACH PARAMUS ► One-story grocery store anchored neighborhood retail strip ► Route 17 is one of the strongest retail corridors on the East Coast center comprised of approximately 112,000 SF of rentable area ► Currently leased to Restoration Har
Slide 13: Q&A
Q&A
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