OVERVIEW

Since 2005, JOSS Realty Partners has successfully utilized its real estate operating and investment management expertise to maximize returns for
its investors

OVER $1 BILLION OF REAL ESTATE ACQUISITIONS SINCE INCEPTION

15 YEAR INVESTMENT TRACK RECORD

CURRENT PORTFOLIO OF NINE PROPERTIES IN WASHINGTON D.C., VIRGINIA, PHILADELPHIA, BOSTON, SAN FRANCISCO, AND SILICON VALLEY

BUSINESS STRATEGY

Investing in Strong Markets
and High-Quality Assets

NEW YORK, WASHINGTON D.C., PHILADELPHIA, LOS ANGELES
SAN FRANCISCO, SILICON VALLEY, AND BOSTON

Supply constrained markets with significant barriers to entry
and strong demographics

Resilient leasing fundamentals with low volatility

20 years of carefully cultivated relationships with capital partners, investment sales brokers, leasing agents, property managers, development consultants and other landlords

Intense
Operating Focus

FOCUS ON HARVESTING
EACH ASSET ACCORDINGLY

Reposition through capital improvement plans
and execute redevelopment strategies

Formulate new leasing initiatives and implement
cost savings programs

Multiple exit strategies

Range of Real Estate
Investment Profiles

EVERY INVESTMENT HAS A VALUE CREATION BUSINESS PLAN
AND EXIT STRATEGY AT TIME OF ACQUISITION

Core, Core-Plus, Value-Add, Opportunistic:
investing across the entire risk spectrum

Commercial Office and Multifamily concentration

$20 million to $100 million sweet spot is
less trafficked by institutional capital

Optimal Deal Execution

EVALUATE OPPORTUNITIES, UNLOCK VALUE, AND ACHIEVE
STRONG RISK-ADJUSTED RETURNS

Utilize deal experience to determine appropriate capital structures

Creative and flexible execution strategies

Align financing with deal profile and business plan to enhance investor returns

EXECUTIVE TEAM

Larry Botel

FOUNDING PARTNER

Mr. Botel founded JOSS Realty Partners in 2005. Since its inception, JOSS has acquired 26 real estate assets totaling over 3.4 million square feet with a value in excess of $1.2 billion. Prior to JOSS, Mr. Botel was a partner and Chief Operating Officer at Broadway Partners, where he oversaw all operations, staffing, asset management and underwriting activities. Mr. Botel directed Broadway from a sole proprietorship with limited operating capability to a full service real estate investment company owning 3.6 million square feet of commercial office space valued at over $850 million.

From 1997 to 1999, Mr. Botel was a Vice President and Head of Real Estate at Fortress Investment Group / UBS Global Principal Group / BlackRock Capital Finance. There he oversaw all commercial real estate asset management and underwriting activities for multiple portfolios of debt and equity assets.

Mr. Botel managed a team of five professionals in three opportunistic real estate investment funds totaling $3 billion in equity and over 30 transactions in the United States, Canada, and Europe. He underwrote, negotiated, and closed over $1 billion in property and mortgage loan acquisitions, over $500 million in distressed mortgage loan resolutions, and over $1 billion in portfolio financings/securitizations. Mr. Botel also managed equity and loan portfolios comprising over 4 million square feet and 5,000 apartment units.

Mr. Botel held previous positions at Mutual of New York Real Estate and Prudential Realty Group.

Mr. Botel received a B.S.B.A. from Georgetown University and a M.B.A. from the University of Chicago Booth Graduate School of Business. He is an Executive in Residence at Georgetown University.

Larry McCulley

HEAD OF PROPERTY MANAGEMENT

A real estate professional with more than 30 years of experience in the Washington area, Larry McCulley oversaw property management and construction management services for BMS Realty Services, which was recently acquired by Avison Young. Mr. McCulley is highly regarded in the region for his expertise in overseeing commercial properties with a focus on the owner’s perspective – streamlining operations, attracting and retaining tenants and enhancing long-term property value. Mr. McCulley manages multiple property management teams, including staff focused on operations, maintenance, accounting, and financial reporting.

His leadership resulted in BMS Realty’s distinctive track record in serving building owners such as the National Football League Players Association for many years, as well as managing properties such as the landmark Washington Harbour long-term through multiple owners.

Prior to establishing BMS Realty Services in 1999, Mr. McCulley worked with Jones Lang LaSalle, where he served as director of property management and managed more than 2.5 million square feet of space. Today, Mr. McCulley provides active, hands-on oversight of several commercial properties, providing day-to-day management, operations planning, long-term capital planning, implementation of sustainable practices and construction management/owner representation for tenant build-outs and renovations.

Jamie DeRevere

VICE PRESIDENT

Jamie DeRevere joined JOSS Realty Partners as Vice President in September 2022. At JOSS, Ms. DeRevere is responsible for acquisition sourcing, underwriting, and due diligence. Prior to working at JOSS, Ms. DeRevere served as a Senior Associate at Gazit Horizons, where she assisted in acquiring and managing $600 million of mixed-use assets in major markets along the east coast.

Ms. DeRevere earned a B.S. in Finance from Boston University’s Questrom School of Business and promptly moved to New York to pursue a career in commercial real estate. Her memberships and affiliations include REBNY, ULI, and ICSC, among other local groups.

Danielle Sitzer

REAL ESTATE ANALYST

Danielle Sitzer joined JOSS Realty Partners as a Real Estate Analyst in 2022. At JOSS, Ms. Sitzer’s duties include portfolio management, investor relations, and financial analyzes.

In 2022, Ms. Sitzer earned her B.S. in Applied Economics and Management with a concentration in Finance from Cornell University’s Dyson School of Applied Economics and Management. At Cornell, Ms. Sitzer was a research assistant, Community Grant Recipient, and Senior Member of the Cornell Real Estate Development and Investment Trust.

Jake Tolkin

REAL ESTATE ANALYST

Mr. Tolkin joined JOSS Realty Partners as a Real Estate Analyst in 2025. At JOSS, he supports acquisitions, asset management, and financial analysis across the portfolio.

Prior to joining JOSS, Mr. Tolkin was an Investment Associate at SoLa Impact, where he played a key role in underwriting and asset management for over 30 active multifamily and mixed-use developments in the Greater Los Angeles area. Mr. Tolkin holds a B.S. in Real Estate and Finance from Syracuse University’s Martin J. Whitman School of Management.

IN THE NEWS

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