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Traditional High Density Walk Ups <br />Genesis continued its involvement in more traditional wood -frame three -to four -story garden walk- <br />ups like LaCosta Villas with Invesco as advisor to New York Slate Teachers Retirement System. <br />Value Added Acquisitions and Urban Planning <br />Genesis is well -known as a national developer with experience in all aspects of multifamily housing, <br />ranging from low -rise traditional walk -ups and four -story urban products to high -rise developments, <br />both for rent and forsale. <br />Genesis also used its expertise in development and property management to acquire assets that were <br />undervalued or could be upgraded as value -add opportunities. One example is the Treasures. In 2000, <br />Genesis bought the S17 -unit property located in Biscayne Bay, in North Miami, and managed this fur <br />the future prospect of conversion from an apartment building to a condominium,"Ihis was financedby <br />IXIS Real Estate Capital, an affiliate of CDC out of New York. <br />In 2004, Genesis competed and won the right to purchase the Posner Estate site in Hallandale Beach, <br />Fla. Genesis used its experience in entitlements and secured from the city the rights to build a 280. <br />unit, 28- storyhigh- risecondonuinium. Genesis looked at the opportunitycostswithin its portfolio and <br />made a decision to sell for a profit the entitled land to another developer. Genesis thus flipped the site to <br />the Fifieid Company out of Chicago. <br />75B -33 <br />