Ueber Multi-Family

“WORLD CLASS ASSETS – WORLD CLASS SOLUTIONS”

Jay T. Clark & Daniel M. Parkman, Sr.

Southeast Capital Partners
333 Riverwood Parkway, Suite 250
Atlanta, GA 30339
Phone: 404 504 0500
www.secpartners.com

Mr. Daniel M. Parkman, Sr.

I wanted to follow up with you concerning the auction you conducted for two of our entities last December.

I had interviewed four companies including your company in October of last year. I quickly came to a conclusion after our first interview. The experience and the professionalism from our first meeting to the day of the auction proved my decision to be correct. We had more traffic in 10 days than we had the previous 11 months of 2002. We had 77 registered bidders, 550 tours of traffic and your decision to hold it at one of the club houses versus offsite was a wise move. This level of success, $6M for 20 condos, was accomplished two months after the 9/11 Crisis.

In the event I ever conduct an auction again, I will make one phone call to you to work out the details.

Again, thank you for your company’s hard work and best of luck on your future pursuits.

Sincerely,

Jay T. Clark

Principal

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jay t clark

Jay T. Clark, CEO

Jay T. Clark is the CEO and founder of Southeast Capital Partners and is highly regarded as an expert in the multi-family/residential marketplace throughout the Southeast. Including current projects, he has been the General Partner on over $500 million of residential acquisitions and developments. His experience includes property management, finance, acquisition, construction, development, redevelopment and marketing. Since April 2000, Mr. Clark has focused exclusively on SECP after successfully selling his real estate brokerage operation that he had founded in 1993 (Apartment Realty Advisors). During his tenure in the brokerage business, Mr. Clark had underwritten and sold more than $1.8 billion in apartments. Mr. Clark’s combined experience in development, brokerage and property management provides him with the ability to address both the short and long term goals for a successful development. He focuses on the real estate development and redevelopment process and is an expert in community and site identification. He attended the University of Tennessee at Chattanooga where he received a degree in Business Administration and was certified as a Certified Public Accountant in 1986. Mr. Clark is a licensed Georgia real estate broker and is a member of the National Multi-Family Housing Council. He serves as a board member for various local Atlanta charities.

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