The recent economic downturn has resulted in the kind of historic value re-set that occurs only once or twice a century. Daly Partners' philosophy is that the worst of times ultimately generates the biggest gains for savvy investors. Despite the gloom and fallout from the early-mid 2000's credit binge, 2010, 2011 and 2012 look to be providing the opportunity of a lifetime. The problems caused by the banking industry collapse are beginning to morph into unique acquisition opportunities. As the owners "cry uncle" and banks start to clear the decks of their rapidly expanding unwanted bad loans and REO portfolios, Daly Partners is poised to take advantage of attractive buying opportunities at cyclical lows. We will take profitable advantage of this up cycle by buying right and operating, managing, and leasing effectively.

The Puget sound region looks to be one of the best positioned in the country for a strong rebound. With 3.35 million people in three counties and four cities with populations over 100,000 -Seattle, Tacoma, Bellevue, and Everett - the region is a global gateway for commerce and migration, a center of technology, and a magnet for creativity and talent. We have all the factors that drive prosperity. Multifamily looks to be the first commercial asset class to recover and there are already hints of a rebound based on demographic demand and constrained supply. We believe even limited job growth, which we have started to experience, combined with minimal new supply will lead to better times very soon. Daly Partners anticipates NOI growth of 15%-20% between 2011 and 2015.

Daly Partners local expertise allows us to know what is viable and what is not. Our reputation is built on our ability to create maximum returns for our investment partners. We only pursue multi-family properties that meet specific investment criteria. Each Principal - Jim Daly, Patrick Ashman and Jeff Daly - brings his own specialized expertise to every investment opportunity. Together, Daly Partners works alongside our investment partners to ensure each investment is a success for all involved.