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SLR Pitchbook - 6.29.22

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About Us About | Process | Capabilities | Features | Projects | Team


At StreetLights Residential,

Everything we do is built with Purpose When Doug Chesnut and Tom Bakewell founded StreetLights Residential in 2011, they saw the potential to be a part of urban neighborhoods experiencing job growth. They focused on complicated mixed-use and high-rise multifamily properties with a designfirst approach. StreetLights takes pride in crafting the details which create the place that someone will call home. They saw their first of many successes in The Taylor. It started the trend for StreetLights properties returning the highest rents and sale prices in their and selling at significantly lower cap rates. Today, StreetLights Residential has 37 project starts and offices across the Southern United States.


Pursuit

Conceptual Design

Design-Build

Operations

process

Our projects begin to take shape during

The StreetLights vision comes to life

From the accounting team to the asset

begins with ensuring that a site is viable

the conceptual design phase. In-house

in the design-build phase. By creating

management team, we manage our properties

for our product. The development and

architecture and interior design teams

cross-functional

with a focus on a smooth transition from the

finance teams work hard to represent our

start with a concept, then create a

we communicate throughout all phases

partners and ensure the best possible

design solution that is financially sound,

of the project to create a seamless

outcome for each project.

functional and beautiful.

development process.

Our

project

due-diligence

design-build

teams,

planning to the sale of a project.


We bring resources in house to lower risk. StreetLights has brought several areas of expertise in-house to increase quality and maximize efficiency throughout the development process. By transforming our development timeline, we create wins for our debt and equity partners.

IN-HOUSE

IN-HOUSE

IN-HOUSE

IN-HOUSE

Architecture

Construction

Interior Design

Marketing

StreetLights has the top multi-family

As the general contractor for each project,

The interior design team at StreetLights

StreetLights brands each project with

architects in-house to manage drawings,

construction manages the process from

starts with a concept and builds a story

a unique name, look and story. The

from concept design to construction

on-site offices. This allows for real time

around each property. With a focus on

personality of each brand encapsulates

administration. To date, the team has thirty-

communication with sub-contractors and

connecting with the neighborhood and

the vision of the architecture and interior

three projects as design architect and six

a higher level of detail for each phase of

local artisans, each project has its own

design teams.

projects as architect of record.

construction.

personality.

In-house design allows StreetLights

We are fortunate to have had most of the

The in-house interiors team procures

brand elements including logos, taglines

projects to have higher attention to detail,

construction leadership on our team since

finishes, furnishings, and custom features

and color schemes. From there, they build

real time feedback and improved budget

our first project, The Taylor.

for the units and amenities. By streamlining

out the marketing collateral, website and

accuracy. Our architects are licensed in six

design suppliers, StreetLights can focus

social pages, focusing on a successful

states.

on the quality and details that make each

lease-up.

The in-house marketing team starts with

project unique.


Custom Home Quality

Five-Star Hotel Amenities

• Dine-In Islands

• 3cm Granite & Quartz Countertops

• Resort-Style Pool with Cabanas

• Catering Kitchen

• SONOS Speakers

• Urban Mudroom

• Pet Spa

• Services such as Dry Cleaning, Coffee

• 8ft Doorways

• Built-In Linen Closet

• Bike Storage Room

• Custom Closet with Built-In Shelving

• Framed Vanity Mirror with Wall Sconces

• Spin Studio

• Electric Vehicle Charging Stations

• 48in Shaker Panel Custom Cabinetry

• Cove Lighting

• Resident Bar with Bartender

• Conference Room

• Engineered Wood Flooring

• Built in Shelving

Bar and Concierge


San Diego, CA Skyloft

Pacific Village

The Rylan

Phoenix, AZ The Angela

The Alyssa

The Ryan

44th & Camelback

The Cameron

Paradise Valley Mall

The Tyler

Dallas, TX The Taylor

The Christopher

One Dallas Center

The McKenzie

The Kelton

The Maxwell

The Jordan

The Hamilton

The Case Building

The Margo

The Austin

The Jackson

The Kathryn

The Louise

Austin, TX The Kenzie

Flatiron Domain

The Catherine

The Elizabeth

7 East

The Bowen

The Groves

The Asher

The Michael

Houston, TX

41

Project Starts

$

3.4 Billion

Total Capitalization

45%

Realized Project IRR

12,478

Multifamily Units

The James

The Ivy

The Carter

The Langley

Atlanta, GA The Alastair The Hadley

Orlando, FL Cortland Colburn

Mira


Doug Chesnut

Tom Bakewell

Robert de Bruin

Chief Executive Officer & Founder

Chief Investment Officer & Co-Founder

President

The StreetLights Residential vision starts with Doug Chesnut. As the heart

Tom Bakewell is StreetLights Residential’s President of Development,

As the president of construction at StreetLights Residential, Rob De Bruin

and soul of the StreetLights team, Doug serves day-to-day as the chief

responsible for overseeing all development activities including feasibility

manages the construction of nearly $1 billion of total capitalization.

executive officer. His expertise lies in high-density developments and

analysis, site selection and asset management.

investments, specifically multifamily and mixed-use assets located in high job-growth markets.

Previously, Rob was the vice president of construction for the western U.S.

Throughout his 25 years in real estate, Tom has been responsible for

region of Gables Residential and oversaw all cost estimation, budgeting

more than $4 billion in development and acquisitions of multifamily

and construction for the company’s portfolio. Rob began his construction

Previously at Gables Residential, Doug served as senior vice president

assets. Prior to his role at StreetLights, he served as the regional vice

career in 1994 with the Florida region of Trammell Crow Residential (TCR),

of investments overseeing development, construction and acquisition

president of investment for Gables Residential (Dallas market), where he

efforts for the Western U.S. and served on the Executive Committee.

oversaw multifamily acquisitions, site acquisitions and the development of

Prior to joining Gables in 2002, Doug was president and chief operating officer for the Central U.S. Region of Trammell Crow Residential Services. He oversaw the management of more than 25,000 apartment units and served on the Trammell Crow Residential Management Board. Doug’s roots can be traced back to The University of Texas, from where he holds a Bachelor of Finance.

new assets. Early in his career, Tom gained valuable experience in asset management with Phoenix Capital Partners, a Dallas-based private equity firm. Tom holds a Bachelor of Economics and Real Estate Finance from Southern Methodist University, along with a Master of Business Administration from SMU’s Cox School of Business.

which was acquired by Gables Residential in 1998. Rob started with TCR as an assistant project manager and quickly worked his way up, spending nine years with Gables as vice president of construction for the western region. During his tenure, Rob was involved in more than $1 billion in new construction. Rob earned his Bachelor of Civil Engineering at Northeastern University and graduated cum laude.


Roger Beless

Vincent Hunter

Andrew Kastanos

Chief Operating Officer

President of Design

Senior Vice President of Finance

Roger Beless serves as Chief Operating Officer, where he oversees

President of design, Vincent Hunter is an integral part of StreetLights

As Senior Vice President of Finance for StreetLights Residential, Andrew

capital markets, asset management, acquisitions, portfolio management,

Residential’s design-driven approach to development, leading all aspects

is responsible for all debt and equity capital markets, as well as capital

and company operations.

of architectural design and planning. He is an architect who actively

relationship management. During his tenure at StreetLights, Andrew and

sketches and enjoys solving design problems in real time.

his team have been involved in financing over 40 multifamily projects with

In his previous role, Roger oversaw global real estate asset management

a total capitalization of over $2.5 billion. Andrew is also a member of the

for Mount Kellett Capital Management LP. In this position, Roger oversaw

Prior to joining StreetLights, Vincent spent 27 years with WDG Architecture,

the management of a portfolio of $6.5 billion and worked closely with

14 years of which he acted as partner, co-founding the Dallas office. While

operating partners in acquiring, formulating and executing asset strategy

at WDG, Vincent designed and led a variety of large scale multifamily,

Andrew joined StreetLights shortly after its founding in 2011 as a Senior

in order to maximize value and investment returns.

mixed-use and hospitality projects. Most recently, he completed the 390

Financial Analyst after gaining early career experience as a financial

unit Novel Midtown Tampa, FL, the Marriott Uptown Hotel in Dallas, TX, the

analyst for the Real Estate Special Opportunities Fund at Fortress

Roger spent nearly 20 years with Goldman Sachs/Archon Group where

Novel Turtle Creek in Dallas, TX and Block 41 in Portland, OR and the Axio

Investment Group. As a member of the Asset Management team, he

he held a number of positions, including co-head of US Real Estate and

at Carillon in St. Petersburg, FL. He has been nationally recognized for his

managed over 25 multifamily, office, and hospitality assets representing

Chief Operating Officer for Archon Residential. He also spent four years

work, including the Juror’s Choice Award for the Hugh Ferris prize in 2017.

over $2.5 billion of asset value.

Vincent holds a Bachelor of Architecture from Syracuse University. He is

Andrew holds a Bachelor of Real Estate Finance from Southern Methodist

licensed in 7 states and is NCARB certified.

University.

Streetlights’ Senior Management Team.

in Tokyo, Japan where he led the startup of Goldman Sachs Realty Japan. Roger holds a Bachelor of Business Administration in Economics and Finance from Baylor University and a Master of Business Administration from Southern Methodist University.


Featured Properties Dallas | Houston | Austin | Phoenix | Atlanta | Orlando


The McKenzie Dallas, TX | 183 Residences | Now Leasing

The McKenzie was built to provide the comfort of a custom home and the convenience of a boutique hotel. The McKenzie has an address of distinction, where Uptown Dallas meets Highland Park. Granite countertops, Wolf ranges and wine fridges in every unit meet valet parking and concierge service to create an unmatched experience in apartment living. With 8 unique entertaining spaces, residents hold private events in the comfort of their 22 story home.


The Hamilton Dallas, TX | 310 Residences | Now Leasing

Inspired by the vibrant culture of Deep Ellum, the details of The Hamilton make the 26-story high-rise one of a kind. The Hamilton is located in the mixed-use development, The Epic which includes a 16-story office tower that will house Uber’s Dallas office, 55,000 square feet of retail and a Kimpton Hotel. From murals and local art throughout the building to a maker’s room in the amenity space, The Hamilton delights at every turn. Steps from restaurants and nightlife, The Hamilton is the perfect home for the person who likes to feel like they’re living on vacation, while still being able to walk to work in Downtown Dallas.


The Christopher Dallas, TX | 309 Residences | Now Leasing

Located where Uptown and Downtown Dallas connect, the Christopher is part of a new urban dynamic at The Union that includes chef-driven restaurants, an urban grocery and a plaza full of energy. Each home features a mudroom, a private balcony and custom cabinetry. With a resort-style pool on the 8th floor, a virtual spin studio and a lounge with a bartender, the Christopher’s amenities are as outstanding as its residences.


The Jordan Dallas, TX | 212 Residences | Sold

Embracing the surrounding neighborhood with clean architectural lines, innovative design and crafted features, the 23-story luxury high-rise offers an exceptional collection of first-class amenities and captivating city views that remind residents why they live in the city. With a 24 hour concierge team, a resort-style pool with sweeping views and a resident lounge, the amenities at The Jordan mirror a boutique hotel.


The Case Building Dallas, TX | 337 Residences | Sold

Steps from Deep Ellum’s restaurants, bars and venues, The Case Building residents enjoy a walkable lifestyle. As the first high-rise in Deep Ellum, it was important that The Case Building fit in with the personality of the neighborhood. The units at The Case Building mirror the neighborhood’s industrial architectural style with concrete ceilings, exposed brick walls and metal details. From a resortstyle pool to a resident bar and a club room with billiards, the 17-story tower has amenities built with the residents’ social lives in mind.


One Dallas Center Dallas, TX | 276 Residences | Sold

One Dallas Center is an adaptive reuse of a 30-story high-rise building. Originally designed by I.M. Pei & Partners, One Dallas Center’s redevelopment brought new life to a historic staple of Downtown Dallas. Floors 1 through 14 consist of renovated office space while floors 15 through 30 house luxury apartment homes. The amenities include a 30th floor Club room, a Sky Lounge and a 5,000 square foot fitness center.


The Taylor Dallas, TX | 308 Residences | Sold

The Taylor is StreetLights Residential’s debut project. Filled with unique touches like a multi-level pool with water features and a fire pit, a two-story exercise room and a rooftop lounge that makes use of the breathtaking views, The Taylor is a community unlike any other. In the heart of Uptown Dallas, The Taylor is a good example of StreetLights’ focus on providing residents with a walkable lifestyle. Just steps from the Katy Trail, the Katy Trial Ice House and McKinney Avenue’s restaurants and bars, The Taylor has access to the places that make Uptown so desirable to renters.


The Jackson Arlington, TX | 340 Residences | Now Leasing

Conveniently located half way between Dallas and Fort Worth, The Jackson is nearby two major league sports venues and 500 acres of trails and woods in the Viridian community. The Jackson is inspired by menswear. It is made to feel both strong and refined. With co-working spaces, urban mudrooms and granite countertops, The Jackson is the perfect retreat within reach.


The Louise Arlington, TX | 343 Residences | Now Leasing

The Louise is the newest addition to Viridian, Arlington’s master-planned community conveniently located between Dallas and Fort Worth. Inspired by womenswear. It is made to feel both tailored and exquisite. The Louise stands a level above the rest with deliberately crafted intimate spaces and lavish unmatched amenities.


The Margo Frisco, TX | 358 Residences | Now Leasing

The Margo is the third StreetLights development in Frisco’s Canals at Grand Park, a master-planned community with single family, multifamily, townhomes and senior living residences. The Margo is both sophisticated and unexpectedly modern. Youthful colors and finishes mix with classic details to create a unique aesthetic.


The Carter Houston, TX | 305 Residences | Now Leasing

Located in the heart of Houston’s museum district, The Carter is walkable distance to some of Houston’s finest parks, museums and high end restaurants. With a 24/7 concierge service and a private resident bar, the 20-story building feels more like a boutique-style hotel than an apartment. The Carter combines a modern home experience with the old-world elegance of a historic Chicago hotel. Amenities that are inspired by Houston’s business titans meet residences with granite backsplashes and custom cabinets.


The James Houston, TX | 344 Residences | Sold

Located just a mile from the 1500-acre Memorial Park in Houston’s upscale River Oaks neighborhood, The James is StreetLights Residential’s first Houston community. The James’ classic, colonial exterior fits in with the neighborhood feel of River Oaks. Their entertaining spaces and amenities are unmatched with a poolside fire pit, a private bar and a yoga and spin studio.


The Ivy Houston, TX | 297 Residences | Now Leasing

The Ivy sits next to another StreetLights property, The James in the heart of Houston’s upscale River Oaks neighborhood. A classic facade and polished interiors give The Ivy an old-world Houston feel. The Ivy has unique amenities including a two-story lobby and an infinity pool. Valet and concierge service meet granite countertops and gas ranges to provide a five-star experience.


The Bowen Austin, TX | 340 Residences | Now Leasing

Sitting next to two office towers, The Bowen is part of the newest phase of the growing mixed-use center, The Domain. The 19-story tower will be the first residential high-rise in The Domain.


Flatiron Austin, TX | 372 Residences | Sold

An iconic building in the heart of The Domain, Flatiron sits steps from some of Austin’s best dining, shopping and night life. As North Austin gains credibility as a new tech hub, companies such as Apple are opening offices in the area, adding tens of thousands of high paying jobs. With an in-building craft coffee shop, resort style pool, and dog-friendly amenities, Flatiron is inspired by the Austin professionals who are moving to the area.


The Elizabeth Austin, TX | 373 Residences | Sold

The Elizabeth is a breath of fresh air. With upscale yet inviting finishes, it immediately feels like home. Large trees frame the property charmingly located just outside of the noise of Central Austin. With a beer garden, Peloton bikes in the fitness center, a music library and fenced yards in select units, The Elizabeth leans into Austin culture, offering unique amenities tailored to its environment.


The Michael Austin, TX | 415 Residences | Sold

The Michael at Presidio is at the crossroads of casual living and true Austin charm. Located in the booming North Austin neighborhood of Presidio, the garden-apartment community is situated on sprawling acres of oak trees, canals, and green space. With pedestrian trails and a resort-style amenities center, residents have recreation and leisure at their fingertips. Many of Austin’s staple retail have made it to the Presidio area including Alamo Drafthouse and Kerby Lane Cafe.


The Catherine Austin, TX | 300 Residences | Sold

In the heart of Austin, The Catherine is walking distance to Austin’s vibrant music and food scene. It offers direct access to Zilker Park and Town Lake known for its jogging paths and outdoor water excursions. The Catherine has a rooftop infinity-edge pool with an open-air kitchen, water features, chic bar and outdoor grills. With hardwood floors, jetted tubs, and up lit lights throughout, the units feel more like custom homes than apartments.


The Angela Phoenix, AZ | 253 Residences | Sold

Styled as a Spanish Colonial villa, The Angela mixes old and new elements to create a warm, inviting environment. The Angela boasts unique amenities including a boutique hotel-style lobby, a great room, an on-site private bar, a library and a lavish courtyard enclosing a fireplace. Located in the upscale Biltmore neighborhood, The Angela sits near some of the finest shopping and green spaces in Phoenix.


The Ryan Phoenix, AZ | 332 Residences | Now Leasing

The Ryan is part of a new mixed-use development, Block 23 that includes the first urban grocer in Downtown Phoenix, retail, restaurant space and an office tower. The 17-story apartment tower sits in the center of walkable Phoenix, steps from the NBA and MLB venues. The Ryan is inspired by the energy of Downtown Phoenix. With a yoga lawn, a resident bar and co-working spaces, the amenities are designed with a Phoenix professional in mind. Residents at The Ryan want to be part of the urban core while living in the comfort of a custom home.


The Cameron Tempe, AZ | 349 Residences | Sold

With direct access to Tempe Town Lake, The Cameron feels like living on vacation. It is conveniently located nearby Downtown Tempe, Old Town Scottsdale and Downtown Phoenix. With sophisticated yet bright interiors, The Cameron has an inviting feel. Many of the amenities help the residents make use of the nearby trails including on site bike storage and a pet spa.


The Hadley Atlanta, GA | 300 Residences | Under Construction

The Hadley is located in the growing tech hub, Midtown Atlanta and is adjacent to the historic St. Mark United Methodist Church. The 26-story tower will have traditional architecture complimenting St. Mark’s Church mixed with modern metal arches and floor to ceiling glass. With an 8th story pool and amenity space, the views at The Hadley will be breathtaking.


Midtown Union Atlanta, GA | 355 Residences | Under Construction

StreetLights is developing the 18-story apartment building that will sit in the middle of Midtown Union, a mixed-use development on the north side of Midtown Atlanta. The development also includes Invesco’s new headquarters, 30,000 square feet of retail and a 12-story hotel. With Atlanta’s most renown art museums just blocks away and tech companies moving to the area, Midtown Atlanta is the crossroads of culture and business innovation.


The Alastair at Aria Village Sandy Springs, GA | 355 Residences | Now Leasing

The Alastair is a part of the Aria Village, a new mixed use development in Sandy Springs, just north of Atlanta. Located next to the US Mercedes Benz headquarters, The Alastair reflects the upscale neighborhood. The English Arts and Crafts exterior pairs with a sculptural, avant-garde interior to create a sleek aesthetic that fits in with the neighborhood. With a 2 story fitness center, a golf simulator and hiking trails, The Alastair is the perfect home for life on the go.


Cortland Colburn Celebration, FL | 300 Residences | Under Construction

Cortland Colburn sits in picturesque Celebration, a new urbanist town with more than 40 neighborhood parks and 26 miles of walking trails. While homes surrounding Cortland Colburn range in architectural styles, most have Celebration’s characteristic front porches. Residents will enjoy Florida’s year-round outdoor weather at the outdoor pool deck with entertainment lounges, grilling stations and communal dining spaces. Other amenities include a pet wash and pet park, a spin studio and a great room for social events.


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