RSA Real Estate Investments



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RSA Real Estate Investments

Spotlight on Real Estate 55 Water Street Alabama Office RSA Total Portfolio 4.63% 1.94% 1.13% 0.62% Properties Alabama Resort Hotel Properties Robert Trent Jones Golf Trail 90.57% 55 Water Street AL Office Buildings AL Hotels RTJ Golf Courses All Other Investments 1

55 Water Street 55 Water is a Class A office building located in downtown Manhattan. Largest commercial office building in Manhattan. Managed by New Water Street Corporation, a corporation owned by RSA. 3,878,968 rentable sq. ft. Approximately 16,000 daily occupants/visitors. 97.2% occupancy rate. Purchased in 1993. 4.6% of RSA s investment portfolio. $1,529,825,000 market value as of 9/30/14. $155,000,000 gross revenue in 2014. 2

Alabama Office Properties Eleven office buildings and one datacenter located in either downtown Montgomery or Mobile. Managed by RSA s in-house real estate staff. AL Office Properties constitute 1.9% of RSA s total investment portfolio. $638,704,000 market value as of 9/30/14. 4

Alabama Office Properties RSA Plaza Built in 1991 127,363 sq. ft. 88.22% leased RSA Post Secondary Education Built in 1975 66,326 sq. ft. 100% leased 5

Alabama Office Properties RSA Union Built in 1995 342,621 sq. ft. 91.18% leased RSA Alabama Center for Commerce Built in 1991 231,188 sq. ft. 100% leased 6

Alabama Office Properties RSA Tower Built in 1997 579,115 sq. ft. 93.62% leased RSA Criminal Justice Center Renovated in 2004 378,277 sq. ft. 100% leased 7

Alabama Office Properties Dexter Avenue Building Built in 2011 347,300 sq. ft. 54.23% leased RSA Data Center Built in 2012 43,000 sq. ft. $87,890 current monthly revenue 92 of 227 racks 8

Alabama Office Properties RSA Battle House Tower Built in 2006 451,084 sq. ft. 92.22% leased RSA TrustMark Building Renovated in 2011 219,287 sq. ft. 85.62% leased 9

Alabama Office Properties RSA Van Antwerp Currently under renovations 46,731 sq. ft. 94.17% pre-leased RSA North Royal Street Currently under renovations. 100% pre-leased 1

Alabama Resort Hotel Properties Eight hotels located in Alabama, plus a convention center/performing arts center and a parking garage. Managed by PCH Hotels & Resorts, an independent management company, through a management agreement with RSA. Franchise partner with Marriott and partner with RTJ brand as leverage. Over 1,850 employees in Alabama. AL Resort Hotel Properties constitute1.1% of RSA s total investment portfolio. $373,597,000 market value as of 9/30/14. 11

Alabama Resort Hotel Properties Grand Hotel Marriott Resort Golf Club & Spa Opened 1857 405 guest rooms Montgomery Marriott Prattville Hotel & Conference Center at Capitol Hill Opened 2003 96 guest rooms 12

Alabama Resort Hotel Properties Auburn Marriott Opelika Hotel & Conference Center at Grand National Opened 2002 129 guest rooms Marriott Shoals Hotel & Spa Opened 2005 199 guest rooms 13

Alabama Resort Hotel Properties Renaissance Birmingham Ross Bridge Golf Resort & Spa Opened 2005 259 guest rooms Renaissance Mobile Riverview Plaza Hotel Opened 2004 373 guest rooms 14

Alabama Resort Hotel Properties The Battle House Renaissance Mobile Hotel Opened 2007 238 guest rooms Renaissance Montgomery Hotel & Spa at the Conference Center Opened 2008 342 guest rooms 15

Robert Trent Jones Golf Courses Eleven golf courses located in Alabama. Managed by SunBelt Golf, an independent management company, through a management agreement with RSA. RTJ Golf Courses constitute 0.6% of RSA s total investment portfolio. $202,900,000 market value as of 9/30/14. 16

Robert Trent Jones Golf Courses RSA hotels and RTJ golf operations closely model Marriott Hotel Company s relationship with Marriott Golf. Golf is operated at minimal profit by separate entity Golf increases profits at hotel properties by attracting high-income/spending guests and making hotels more desirable for events and meetings 10/2/2015 Footer Text 17

Robert Trent Jones Golf Courses The Shoals, Muscle Shoals/Florence Built 2005 Hampton Cove, Huntsville Built 1993 Renovated 2008 1

Robert Trent Jones Golf Courses Silver Lakes, Calhoun County Built 1993 Renovated 2011 OxmoorValley, Birmingham Built 1992 19

Robert Trent Jones Golf Courses Ross Bridge, Hoover Built 2005 Capitol Hill, Prattville Built 2000 20

Robert Trent Jones Golf Courses Grand National, Opelika/Auburn Built 1992 Cambrian Ridge, Greenville Built 1993 21

Robert Trent Jones Golf Courses Magnolia Grove, Mobile Built 1992 Renovated 2010 Highland Oaks, Dothan Built 1993 22

Robert Trent Jones Golf Courses Lakewood, Point Clear Built 1947 23

Robert Trent Jones Golf Courses 318 RSA participating local employers located in golf or adjacent counties Over 45,000 RSA members and retirees work or worked for these local employers 24

Robert Trent Jones Golf Courses On August 30, 2014, a survey of cars in the parking lot of the RTJ Shoals showed 17 different states outside Alabama. Forty percent (40%) were from other states. The following list shows those states from most cars to least: Tennessee Georgia South Carolina Oklahoma Florida Mississippi Texas Kentucky Virginia Illinois Pennsylvania Indiana Louisiana Missouri Minnesota Ohio Connecticut 25