THE SPRINGS AT CONTINENTAL RANCH WINS TOP AWARD

The 196-unit Springs at Continental Ranch located in Tucson, Arizona
recently received top honors and industry-wide recognition at the 19th Annual Tributes Awards, sponsored by the
Arizona Multihousing Association. The Tributes Awards recognizes the state’s outstanding multifamily properties,
teams and individuals in a variety of categories. The AION Partners owned property was presented with the Best
Team and Community Award for Properties Built Between 1992 and 2002.

In evaluating nominees, judges were required to evaluate the properties’ overall performance, the general
condition of the asset from both a physical and a fiscal perspective, the industry experience and education of the
on-site team as well as their problem solving abilities and overall presentation skills. A total of 24 management
companies and property owners submitted more than 340 nominations for consideration. “I am delighted with the
award received by The Springs and we will continue to use the property as an example of operational excellence
throughout the rest of our portfolio” said AION Partners Managing Director Michael Betancourt. Aion Partners
purchased The Springs at Continental Ranch in 2009. The property is managed by Phoenix-based Allison Shelton
Real Estate Services.

Based in New York City, AION Partners acts as principal and arranger of opportunistic real estate investments in
the US and was founded by the principals who built the real estate investment and asset management company
DCD America over the last decade. The AION team has a proven track record of creating value and managing risk
through redeveloping, repositioning and managing assets in order to maximize returns to its investors.

$6M Renovation, Expansion Underway at 1200 New Hampshire Avenue

 

AION PartnersAION Partners and The Carlyle Group have begun a $6 million renovation of 1200 New Hampshire Avenue, NW, a project that will add 8,000 square feet of corner retail space, a new lobby, fitness center and a green roof to the eight-story, 310,000 square foot Class A office building in Washington’s Central Business District.

The building currently has 68,000 square feet of space available for lease, including a 35,000 square foot full floor. The renovations began in February and are expected to be complete in September 2011. AION and Carlyle purchased the building in 2007.

The exterior and lobby renovations include:
• A 22-foot high glass facade,
• A two-story lobby with an expansive plaza entrance,

The building is home to law firms Chadbourne & Park and Dow Lohnes, and restaurants Meiwah and Grillfish. TD Bank will open a new branch in the building this fall in one of the two new retail spaces. Cassidy Turley’s Zeke Dodson, Kerri Mulligan Salih, and Jonathan Wellborn handle the office leasing for the building and Bill Dickinson of The Rappaport Companies is responsible for retail leasing.

The building has 68,000 square feet of available office space, including a 35,000 square foot full floor. The building also has an approximately 8,000 square foot corner retail space available for lease.

“Our goal was to update and reposition this 30-year old brick building while formalizing the outdoor space and maintaining the spacious-feel to the lobby,” said Hal Goldstein, Janson Goldstein managing partner. Virginia based R.W. Murray Co. has been selected as the General
Contractor for the project. The lighting designer is Claude Engle.

1200 New Hampshire Avenue is located at the corner of New Hampshire Avenue and M Street and 21st Street, near George Washington University and Georgetown, providing access to 1-66, Whitehurst Freeway and Rock Creek Parkway. It is located three blocks from the Dupont Circle Metro Station (red line) and four blocks from the Foggy Bottom Metro Station (blue and orange lines).