Select topics on table in order to see the details.

Ortakoy Aparts

Investment Vehicle : BLG TREF LP
Investment Date : July 2011
Location : Ortakoy - Istanbul
Status : Current Fund Investment– Partial Exit  July 2013

Acquisition of a core & shell complete office property in Istanbul up-market, city center neighborhood of Ortakoy; BLG redeveloped the property into student accommodation scheme within 12 months, property operational as of September 2012.

Property has 268 rooms and 645 beds; significant common & social areas, F&B areas, parking, outdoor and pool facilities.

www.republika.com.tr

Cakmakli Aparts

Investment Vehicle : BLG TREF LP
Investment Date : August 2011
Location : Cakmakli - Istanbul
Status : Current Fund Investment–Partial Exit  July 2013

Acquisition of a core & shell complete residential tower in the fast growing southwest region of Istanbul, an area to which many universities are expanding; BLG redeveloped the property into student accommodation scheme within 12 months, property operational as of September 2012.

Property has 237 rooms and 657 beds; significant common & social areas, F&B areas, parking, outdoor and pool facilities.

www.republika.com.tr

Florya Aparts

Investment Vehicle : BLG TREF LP
Investment Date : March 2013
Location : Florya - Istanbul
Status : Current Fund Investment

Development of student accommodation property in the fast growing airport region of Istanbul, close proximity to seven universities and walking distance to two major universities; BLG is developing the property as a student accommodation and property is expected to be operational by May 2014.

Property has 83 rooms and 188 beds, significant common & social areas and F&B facilities.

www.republika.com.tr

Soho House Istanbul

Investment Vehicle : BLG TREF LP
Investment Date : March 2012
Location : Beyoglu - Istanbul
Status : Current Fund Investment

BLG acquired Turkish SPV with long leasehold with US Government for Palazzo Corpi property; Redevelopment of former US Consulate General property in prime, city center Istanbul location into mixed use scheme.

Executed Management Contract with Soho House Ltd. (www.sohohouse.com) to manage private membership club, luxury hotel, Cecconi’s restaurant and Cowshed Spa on the property.

Ortakoy One

Investment Vehicle : Direct Investment Vehicle
Investment Date : July 2011
Location : Ortakoy - Istanbul
Status : Partial Exit

Ortakoy One newly constructed, high end residential for sale development project in Istanbul up-market, city center neighborhood of Ortakoy; direct investment vehicle acquired block of completed residential units at discount to market value, completed comprehensive sales & marketing campaign and currently selling units at market values.

www.oneortakoy.com

Republika Management Company

Investment Vehicle : BLG TREF LP
Investment Date : June 2011
Location : N/A (Management Company)
Status : Current Fund Investment–Partial Exit  July 2013

BLG established Republika Management Company ("Republika"), a management company responsible for the operations and sales & marketing of all student accommodation assets owned by the BLG TREF.

Republika is the first institutional operator of student accommodation schemes in Turkey and seeks to achieve uniformity of design, experience, social facilities, property management, sales and marketing and tenant relations across all of Republika's managed properties.

Republika seeks to create an environment where "like minded" students & young professionals can come together and interact through single or shared rooms, well designed social facilities & common areas, and though regular, organized social events.

www.republika.com.tr