Imperial Companies Information

Imperial Companies is a real estate investment firm formed by Michael Fascitelli and Eric Birnbaum to invest in premium core-plus and value-add properties, primarily located in New York City and other U.S. gateway cities. Partners Michael Fascitelli and Eric Birnbaum have been investing in and operating in NYC and other U.S. cities for over 45 years collectively, and are uniquely positioned to capitalize on the current market opportunities that are selectively available in these markets. The Partners have completed more than $17 billion of acquisitions and $27 billion of capital market transactions since 1996, achieving superior returns for investors across numerous market cycles. uring Michael Fascitelli's 16 year tenure at Vornado Realty Trust, where he was President and later CEO, Vornado significantly outperformed all relevant indices and created annual return for investors of approximately 14% while utilizing conservative leverage levels(1). Eric Birnbaum worked closely with Mr. Fascitelli at Vornado for over eight years as a key member of the team that facilitated this growth. After his career at Vornado, Mr. Birnbaum started his own successful real estate firm, ELB Holdings, where he successfully completed 13 transactions over five years. The Imperial team's reputation and longstanding relationships within the target markets should continue to provide unique access to off-market and proprietary deal flow. 1 These returns are not indicative of the future performance of the Fund and there can be no assurance that the Fund will achieve results similar to those achieved by Vornado.