Velsor Properties, LLC

Velsor Properties, LLC through its affiliates, owns and manages 44 industrial, flex, and office buildings in Northern Virginia and Maryland. As of December 2015, Velsor owns and manages over 2,621,179 square feet. Velsor's goal is to achieve above average market returns while maintaining safety of capital. Velsor uses its extensive network of relationships and local market knowledge to meet its goal. While Velsor plans on a seven to ten year ownership period for each property, it has sold two properties after two years of ownership at IRR's of 36%, and 58% respectively and sole one property after one year for an IRR of 68%. Velsor's purchases are based upon location, functionality, pricing below reproduction cost, and rents at or below market.