INTEGRITY

GROWTH

RESULTS

Elements at the core of Harvest's investment philosophy are based upon proven property fundamentals. Each asset identified and developed will retain a blend of the following key characteristics;

• Located on significant parcels of land that are considered large, relative to the immediate location;
• Have secure holding period income sufficient to service senior debt and to the extent possible, any subordinated debt and equity;
• Are being acquired at less than replacement cost;
• Are the beneficiary of ;
  1. Major infrastructure upgrades that will change the dynamics of the area
  2. Changes to local area planning policies that will significantly enhance the land use capacity of the site for higher density, alternative uses or both.
• Be well priced relative to the risk profile of income streams or development potential.
• Retain multiple exit strategies

We place a greater emphasis on understanding/managing risk, cyclical timing and capital preservation than upon financial returns.