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American Campus Communities is one of the nation's largest developers, owners and managers of high-quality student housing communities. With more than $1.5 billion in development completed, ACC is experienced in every facet of student housing development. We provide management assistance for ground-up construction, property management services and have assisted in secured more than $1 billion in student housing financing.

Ashford Hospitality Trust is a self-administered real estate investment trust listed on the NYSE (symbol: AHT) that invests in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans, construction loans and sale-leaseback transactions. We invest in primary and Secondary U.S. Market Locations and Select International Locations in Mid-scale to Luxury and Limited or Full Service properties.

Avalon Properties, LLC started in 1994 with a vision to acquire a portfolio of investment properties nationally. It is a acquisitions and real estate management company. The national portfolio includes single family homes, apartments, self storage, restaurant, motel, mobile home parks and industrial.

HG has provided equity and participating debt to support the acquisition and development of over 5 million square feet of commercial projects and more than 3,500 residential units, with an aggregate completed value in excess of $1.5 billion. HG Capital's primary focus is on commercial and residential real estate projects in the $5 million to $75 million range that possess the following characteristics: Experienced development team, Well-conceived business plan, Well-located real estate, Strong market.