Swerdlow Group

Swerdlow Group has experience in all aspects of acquisition, land use and zoning, environmental permitting, land development, commercial and residential building constructions, sales, leasing, management and finance. During the last 15 years, Swerdlow Group's management team has successfully and profitably navigated through all phases of the business cycle, which has placed the Company in an outstanding competitive position to expand and prosper in the current real estate environment. Swedlow Group is capable of providing the full spectrum of services required to successfully own and develop institutional quality real estate as evidenced by its successful undertaking of numerous large- and small-scale complex projects in South Florida.

Swerdlow Group is currently operating under three primary legal entities: Swerdlow Development Company, LLC; Bonefish Partners, LLC; and Bonefish Realty Management, LLC. Since 2006, the Company has been actively involved in perusing distressed real estate and debt opportunities that meet their investment criteria. Due to the financial stability of their partners and investors, Swerdlow Group is in an excellent position to quickly act on those opportunities as they arise.

The Company has a proven record of assessing the potential of undeveloped parcels and obtaining necessary entitlements to position such undeveloped parcels for development in anticipation of the eventual upturn in the real estate market. These properties were, for the most part, strategically located in the more densely populated areas of South Florida. Consequently, Swerdlow Group developed great expertise in what came to be known as "infill development".

In 1999, the Company consolidated its holdings into a new entity called the Swerdlow Real Estate Group, a private REIT whose shareholders included Swerdlow, Fidelity Investments, Colony Capital, Landmark Funds, Stanford Management and Merrill Lynch. The REIT had an initial capitalization of approximately $500 million (approximately $175 million in initial equity) and had grown to approximately $1 billion in total assets. The REIT developed, owned and operated over five million square feet of properties.