In September 2010, 13th Floor Investments closed on a fully discretionary private equity vehicle, the Florida Real Estate Value Fund. The Fund will proactively deploy equity in a wide range of Florida based real estate assets. The Fund’s investor base consists of endowment, institutional, and private investors. The Florida Real Estate Value Fund’s strategy is predicated on opportunistic investing in Florida real assets that offer the potential for attractive risk-adjusted returns. This consists of acquiring properties across a wide range of asset classes (e.g., residential, land, commercial, etc.) and through various levels of the capital structure (e.g., title, equity, debt, bonds, etc.). With cash on hand, the Fund provides sellers with certainty of closing. Transactions can be consummated in a very short time frame due to the Company’s intimate market knowledge and unilateral decision making ability.