115 WINTHROP SQUARE - Amazon Simple Storage Service

115 WINTHROP SQUARE

John D. Miller Executive Vice President LPC Commercial

Scott A. Brown Executive Vice President LPC Commerical

John Cappellano Senior Vice President LPC Commercial

John Noone Executive Vice President LPC Residential

Response To:

Request For Interest

Prepared For:

April 13, 2015

Section I Cover Letter

Include a Cover Letter which introduces the team and summarizes the highlights of the response to the RFI.

April 13, 2015

Boston Redevelopment Authority One City Hall Square, Room 910 Boston, MA 02201

Re: 115 Winthrop Square RFI

Dear BRA Team Members:

Lincoln Property Company (LPC) is pleased to present to Boston Redevelopment Authority the following response to the Request For Interest to develop the 115 Winthrop Square high-rise mixed-use opportunity in Boston. LPC's development and capital markets team has extensively reviewed the information provided by the Boston Redevelopment Authority and have thoughtfully responded to all requests. LPC strongly believes we are the best in class partner desired by the BRA for this opportunity due to our firm's following strengths:

? Largest private developer of real estate in the Nation with 40 years of experience ? Conflict free local team with 30 years of experience and the capacity for a project of this scale ? LPC's financial strength and zero corporate debt ? Rich history of high-rise developments with numerous equity sources ? LPC has partnerships with the premier hotel, retail and residential consultants in Boston

LPC has weathered many development cycles throughout the United States and abroad over our firm's rich history. The experience is unmatched by any private developer and our commitment to and from our equity partners is unwavering. The 115 Winthrop Square project would receive that same commitment of resources, capital and time from the LPC development team that has successfully constructed over 300 million square feet of real estate across the globe.

With 115 Winthrop Square, LPC and our associates have carefully crafted a vision of a new Financial District; one that flourishes at all hours of the day and delivers the live-work-play environment for the next generation. If selected, LPC will successfully execute this vision and deliver an iconic tower to the Boston skyline.

John D. Miller Executive Vice President

Lincoln Property Company w 53 State Street, 7th Floor w Boston, MA 02109 617-951-4100 w

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Section II

Qualifications

The proponents should expand on the qualifications of key staff and consultants, especially as those qualifications relate to the development of similar type properties.

LPC's Development & Construction Management Services Team has one primary objective -- successfully execute the development program of 115 Winthrop Square on time, on budget and to the overall benefit of the City of Boston. We will accomplish this goal by expertly overseeing and managing the entire development process, including but not limited to: planning, entitlements, procuring and overseeing the design and construction process. LPC's expertise includes, but are not limited to: permitting, finance, contracts, logistics and technical matters.

The LPC team offers over 40 years of high-rise development experience and would be well-suited to deliver 115 Winthrop Square to Boston's evolving Downtown skyline. We believe that completing a project on-time and on-budget is not enough -- that the higher standard is getting what works best for the improvement of the overall neighborhood since a development's long-term success is our ultimate goal.

Our experienced and professional approach clarifies ambiguities, so that the project's participants all understand what is expected and when it is to be delivered. The influence of a recognized and respected development and construction expert keeps the total design and construction costs in check and promotes higher levels of performance without sacrificing the quality and functionality of the end product.

Our national and local market presence and buying power allow LPC to motivate the project team members to maintain a sense of urgency. Our knowledge of the industry, who the players are, and the strengths and weaknesses associated with different techniques, materials, means, methods, and procedures allows us to employ creative realistic resolutions to solve project issues in a timely and affordable manner.

In addition to our strong in-house team, LPC relies on and consults with a number of partners throughout all of our ground-up development projects. The various stages of permitting, design, engineering, construction etc. require a number of participants in order to deliver a successful project. The most crucial team members we have worked with in the past and would recommend working with on 115 Winthrop Square are the following:

MBC Consultants: Max and Steven Chapman at MBC Consultants have been working with LPC for over 40 years. Max Chapman has been involved with nearly four billion dollars in urban real estate construction across all asset types throughout the nation, Europe and the Caribbean. LPC relies heavily on MBC Consultants to thoroughly investigate the costs, feasibility and timing of all ground-up construction projects while also maintaining construction oversight. MBC has been involved in numerous hotel developments across the globe, most notably the Atlantis Resort & Casino in the Bahamas as well as large scale specialty projects including the current home ballparks for the Texas Rangers and San Francisco Giants.

Lincoln Property Company w 53 State Street, 7th Floor w Boston, MA 02109 617-951-4100 w

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Section II

Qualifications

Group One Partners: Group One Partners is one of Boston's premier architectural and design firms. Specializing in the Hospitality sector, the team at Group One prides itself on working closely with its clients to capture their unique vision and turn it into reality. LPC would utilize Group One's services to enhance and refine 115 Winthrop Square's hotel component, making sure the selected brand remains consistent and current with the overall project scope and market demand. Past clients of Group One Partners include large, national brands: Hilton, Sheraton, Marriott , Residence Inn and Holiday Inn. As well as numerous smaller boutique outlets: Hotel Commonwealth (Boston), The Envoy Hotel (Boston), The Onyx Hotel (Boston) and The Autograph (Boston).

On the subsequent pages please find more detailed descriptions describing each member of LPC's project team.

Lincoln Property Company w 53 State Street, 7th Floor w Boston, MA 02109 617-951-4100 w

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LPC Boston - Project Team

John D. Miller

Senior Executive Vice President Area Director, Northeast Boston MA

Primary Responsibilities Public Relations Permitting & Approvals Leasing Advisor

Section II

Qualifications

John has been with Lincoln Property Company since 1986 and was appointed Senior Vice President and Area Director for the New England area in 1996. John has 30 years of experience in leasing, sales, development and management services. In addition to managing responsibilities in the Boston office, John is very active in brokerage and development activities. John's primary brokerage activities have been in the Boston and Cambridge markets where his involvement includes both landlord and tenant representation. Under John's direction as LPC Boston's managing director the office's management, leasing, and construction portfolio has grown to exceed 16 million square feet.

Scott Brown

Senior Executive Vice President Property Services Group Boston MA

Primary Responsibilities Public Relations Permitting & Approvals Management

John Cappellano

Senior Vice President Development & Construction Management Boston MA

Primary Responsibilities Permitting & Approvals Budgeting & Monitoring Construction Oversight

Scott has over twenty-five years of diversified professional experience in real estate asset and property management. His primary responsibility is the oversight of Lincoln Property Company's New England Region for a variety of institutional third party managed real estate assets including high and low rise commercial office buildings, retail centers, service centers/warehouse facilities and industrial parks totaling approximately 15 million square feet. Scott currently represents of host of clients including: UBS, ASB Real Estate Investments, TIAA-CREF, Invesco Realty Advisors, Brickman Properties and King Street Properties.

Scott is a current member of the Boston Improvement District's (BID) Board of Directors. Recently Scott was recognized by BOMA as the 2014 Executive of the Year.

Since joining Lincoln, John has developed and supervised the construction of over twelve million square feet of commercial, industrial, retail, research and development, residential developments and office build-outs. John currently oversees the capital development and tenant build-outs of LPC's Boston portfolio of over 15.5 million SF. Most recently, John has overseen the permitting and construction of several ground up office high rise developments including Two Financial Center in the Downtown Business District as well as a high rise private student residence for Northeastern University currently under construction.

John's most recent renovation of a Boston Wharf building, 320 Summer Street, was named winner of the 2014 Boston Preservation Society Achievement Awards by the Boston Preservation Alliance.

Lincoln Property Company w 53 State Street, 7th Floor w Boston, MA 02109 617-951-4100 w

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LPC Boston - Project Team

John Noone

Senior Executive Vice President LPC Residential, Area Director Boston MA

Primary Responsibilities Permitting & Approvals Budgeting & Monitoring Construction Oversight

Section II

Qualifications

John Noone joined Lincoln Property Company in 2000 as Executive Vice President for the New England area. Mr. Noone's key role is the acquisition of existing and the development of new residential communities in the New England states. Mr. Noone has acquired over 22 years of experience in urban planning, property management, finance, construction and development. Most recently in Boston, John delivered the West Square apartment development in the Seaport. John oversaw the permitting and development and is currently managing the successful lease-up of the 220+ apartment units.

Denis Lynch

Operations Manager Development & Construction Management Boston MA

Primary Responsibilities Day-to-Day Operations Capital Budget & Projects Construction Oversight

Since joining Lincoln in 2001, Denis has managed the construction and operations across LPC's downtown portfolio including Boston's largest telecommunication center at One Summer Street. Currently Denis oversees day-to-day operations at 75-101 Federal Street including budgeting and monitoring building capital projects and tenant build outs. He also is involved with the Northeastern student housing project, where he supervises day-today construction activities. Denis previously ran operations and managed the major restructuring of 40 Broad Street during its significant capital overhaul. He is also a instrumental part of Lincoln's development group by lending his operational expertise to the team.

Scott Faber

Assistant Vice President Acquisitions & Capital Markets Boston MA

Primary Responsibilities Financial Analysis Debt & Equity Negotiations Pro Forma

Scott joined Lincoln Property Company in the Fall of 2007. Scott acts as the Boston office's financial analyst for joint venture investments and financial advisory to clients looking to invest and develop in the Greater Boston market. Scott has been involved in over $500MM of investment and development projects locally. From an economic and financial feasibility perspective, Scott assists the development and construction management teams on identifying the returns a proposed development is anticipated to deliver under forecasted market conditions. Scott would assist in the permitting and pre-development process by contributing to the overall organization of the team during the initial phases of the project.

Lincoln Property Company w 53 State Street, 7th Floor w Boston, MA 02109 617-951-4100 w

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