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■ Structured Acquisition Sourcing and Review Process. Highly creative, opportunity driven acquisition structure through multiple
channels:
– Leverage extensive relationships to uncover new, pre- and off-market opportunities
– Due diligence analysis includes competition review, power availability analysis, fiber route review, physical location
security and natural disaster safety, market supply/demand review, environmental impact studies, detailed operational
expense analysis, and economic incentives exploration
– Development of detailed pro forma operating and expansion plans
– Creative and flexible approach to negotiating and structuring transactions
– Development of relationships with institutional equity and debt capital partners for acquisitions of varying risk profiles
providing the ability to close transactions quickly and efficiently
■ Track Record of Success. Over the last seven years, 1547 has demonstrated significant success as a team, with a strong
focus on maximizing returns for its investors:
– 2011: 1547 enters an option to acquire New York metro asset
– 2012: Partners raise $23.0 million capital; $11.0 million equity (capital from partners as well as friends and family)
and $12.0 million debt
– 2012: 1547 acquires first data center asset in NY metro market
– 2013: Joint venture with Green House Data to develop data center in Cheyenne, WY
– 2013: $13.5 million SBA loan secured for Cheyenne asset
– 2013: Joint venture with Hawaii Pacific Teleport to develop a data center in Kapolei, HI
– 2014: $5.0 million in debt and equity raised for Hawaii asset
– 2014: Cheyenne opens with first phase fully leased; ground-up, purpose-built data center is delivered in 9 months
– 2014: New York State, county and school district tax benefits granted to the data center
– 2014: 2 significant leases signed in New York asset
– 2015: Debt recapitalizations in Cheyenne, New York and Hawaii
– 2016: Expansion in New York, Cheyenne and Hawaii assets
– 2016: Cheyenne tenant lease expansion
– 2017: 1547 partners with institutional investor to acquire 7.34 acres to develop a ground-up, purpose-built, 187,000
square foot (“SF”) data center in San Francisco proper
– 2017: 1547 expands internationally; 1547 partners again with the $25.7 billion real estate and infrastructure
manager, to acquire a 42,000 SF, sale-leaseback data center acquisition in Toronto, Canada
– 2018: Cheyenne Sale – 1547’s first full-cycle investment. Highlights of transaction:
• Ground-up development: 1547’s construction team completed the fully commissioned data center in 9
months.
• 1547 Investor returns:
o IRR – 61.3%
o Equity Multiple – 6.49x