Market Overview

CGI Successfully Completes Refinancing of Four Class-A Properties in South Florida


CGI Merchant Group, LLC ("CGI"), headquartered in Miami, is a leading
private and alternative investment management firm, with a focus on
commercial real estate and infrastructure opportunities, successfully
executed the refinancing of assets located in Coral Gables, Florida and
its 400-office portfolio, composed of corporate and executive suites, in
Palm Beach and Martin Counties, Florida.

CGI has continued to reinforce its commitment to the South Florida real
estate market by successfully refinancing two of its major properties:
the ‘55 Miracle Mile' and ‘The Nexus' property portfolio. The total
refinancing amounted to $40.75 million for both properties. The new term
loans were originated by Starwood Mortgage Capital, LLC, one of the
Nation's leading commercial real estate lenders.

"We are very pleased to have successfully executed this refinancing,
which reflects the confidence in CGI's portfolio properties and the
vibrancy of the South Florida market," said Raoul Thomas, Founder and
CEO of CGI. "The refinancing is part of our long-term strategy to offer
value to our partners and to ensure CGI remains positioned for continued
growth," added Mr. Thomas.

The refinancing comes at a key point in time where interest rates remain
favorable, and income growth was achieved through stabilization efforts
several years post-acquisition. CGI acquired the '55 Miracle Mile' and
‘The Nexus' properties in 2013. The fact that Starwood Mortgage Capital
provided refinancing and teamed with CGI to successfully execute the
transaction is a testament to the confidence in the South Florida market
and the productive collaboration of both firms.

About CGI Merchant Group, LLC

CGI Merchant Group (CGI) is a private-equity, alternative investment
management firm that capitalizes on commercial real estate and
infrastructure opportunities by using an entrepreneurial approach to
build stakeholder value. CGI raises funds from international investors
such as pension funds, individuals, and family offices. Within the past
six months, the firm has deployed more than $150 million of capital in
multiple assets classes including retail, office, and leisure. CGI is
based in Miami, FL and its team is comprised of contrarian,
value-oriented investors in real estate and infrastructure focused on
risk management.

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