FUNDAMENTAL APPROACH

Waterford´s basic model for real estate investing begins with an understanding of property fundamentals in the specific sector it concentrates. The Waterford management have an in-depth knowledge of their local markets and seek to establish a strong "market presence". In addition, the experience of the Waterford management team is, where deemed necessary or appropriate, supplemented with basic research from groups such as Savills or Knight Frank among others. In the particular target areas and "submarkets", individual property attributes are examined to understand competitive advantages or disadvantages of particular locations and constructing within the context of the specific area they are located.

Waterford´s group of investing professionals has the goal of establishing and maintaining "market presence" in its target markets. Waterford seeks to establish strong market intelligence, attempting to generate leading edge information and produce investment opportunities before they become broadly known to competitors.

Waterford uses leverage to enhance returns and generally seeks to borrow 80% of the cost of a development.