Paramount offers a full spectrum of real estate investment management services for Private portfolio and institutional limited partners, with a focus on core, enhanced core, and value-added investments. Within the guidelines of each of our investment programs,  LTD Partnership Interests are typically taken in $250,000 to $5 million equity position. We offer the following real estate services:  

One of our key strengths is our ability to identify and acquire low and moderate risk investment-grade properties with high current cash flows where we can add value through active and aggressive asset management to maximize future appreciation. With our thorough acquisition due diligence process, we analyze all operational factors including operating expenses, strength of prior management, existing leases, deferred maintenance and rehabilitation costs, and capital repairs to identify opportunities to enhance operations and maximize returns. This information is weighed against the forecasted performance for the local, regional and national market as projected by our fully integrated investment research. Through industry associations, professional relationships, and market analysis our acquisitions staff reviews millions of dollars worth of opportunities a month to acquire the assets that best fit our limited partners' investment plans. Paramount's consistent understanding of how markets move in response to supply and demand variations allows our portfolios to capture the highest returns.

Metroplex Commercial Investment Brokers	as of May 2002 over 2,800 members
National Association of Realtors	as of May 2002 over 75,000 members
North Texas Commercial Association of Realtors	as of May 2002 over 2,000 members
Texas Association of Realtors, Inc.	as of May 2002 over 50,000 members
LoopNet	as of May 2002 over 350,000 members
Web Real Estate	as of May 2002 over 5,000 members
Chamber of Commerce - Arlington	as of May 2002 over 1,300 members
Chamber of Commerce - Grand Prairie	as of May 2002 over 625 members
Metro Rotary Club	as of May 2002 over 35 members
Rotary International	as of May 2002 over 1,240,000 members

Formulation of Real Estate Investment Strategies

Paramount has the real estate skills and the operational flexibility to work collaboratively with each limited partner, their consultant and/or other real estate investment managers to achieve the long-term goals established for the real estate portfolio. Our expertise is in the development and implementation of real estate investment strategies that are effective through all market cycles, and remain within portfolio guidelines.

Asset and Portfolio Management

The best asset in the best market will not out-perform the market, unless exceptionally actively managed.  Asset and portfolio management are a key focus of Paramount's core and value-added investment strategies. Paramount's span of experience and depth of knowledge enables us to quickly, yet thoroughly, analyze each asset using a proactive, hands-on process and then effectively implement our mandated strategic plan. This proven, dynamic approach also provides flexibility to react quickly to anticipated market changes and new developments that impact the asset and the tenant base.

We understand that successful management of a real estate investment portfolio stems from the ability to operate the assets as well as interpret the markets. At Paramount, we consistently monitor the markets and the asset to maintain the effectiveness of our investment strategies, because we hold ourselves accountable for the success of the strategies. With our focused investment approach, Paramount provides the service, value and results needed to achieve superior performance. Click the link below to see our Track Record.

Equity Real Estate Disposition Services

To ensure that we have maximized the value of each asset that we acquire, we use a fully integrated research model to create a disposition strategy at the time of acquisition and/or assignment to our firm. This strategy is based on local and regional market analysis, market conditions, and the physical and economic costs associated with maintaining the investment. The disposition strategy is reviewed frequently during the life cycle of the investment.

Paramount takes a proactive approach to limited partners and consultant communications to affirm we achieve each limited partner's portfolio goals, and to ensure that we are responsive to the changing investment needs of our limited partners. In addition to our quarterly report updates, annual investment reviews, and letters of intent, we practice an open communication policy so that each limited partner has direct access to our senior investment professionals and principals.

Paramount provides performance enhancement services for under-performing, mismanaged and/or distressed assets. We have improved the performance of assets ranging from stabilized institutional-quality properties to troubled high-risk investments with a variety of legal and operational problems. With these portfolios, it is crucial to quickly develop and implement the management plan to immediately stabilize the assets. Our success with these programs is reflected in the fact that each of our takeover/workout-limited partners has increased their real estate allocation with us.

Development and Other Real Estate Consulting Services

Paramount offers a full range of real estate consulting services to assist our limited partners in achieving their real estate investment goals. These services include acquisition due diligence, feasibility studies and real estate development services. Our real estate development capabilities include market research, site selection, entitlement, and vendor selection and construction oversight. Our consulting services combine in-depth research and analysis with tactical real estate expertise to provide the information our limited partners need to make sound investment decisions. Our research process continually gathers relevant information from a variety of sources to integrate into our acquisition and asset management disciplines .Our brokers have a combined experience in Commercial Real Estate Investments of over 80 years. Our research process continually gathers relevant information from a variety of sources to integrate into our acquisition and asset management disciplines. With an in-depth analysis of all factors that will affect the long-term performance of our investments, we are better prepared to minimize risk, and react more quickly to changes in the marketplace. Paramount applies two levels of research to its investment decisions:  

	Our strategic research (top-down) analyzes capital markets, demographics, market economics and property type performance to identify appropriate markets and asset types for investment.
	Tactical research (bottom-up) looks at the factors affecting an individual asset, such as local economics, property structure, leasing terms, effectiveness of management, and yield analysis

It is crucial that both approaches to research are applied to investment analysis, because together they uncover the underlying fundamentals of the asset's value. At Paramount, we provide our limited partners with the professional services that enable them to best achieve the highest probability of meeting or exceeding their investment objectives.   A few (of the many) reasons that you should be doing business with Paramount Realty Advisors include:

	Our limited partners receive the full attention of our senior management and key personnel. The advantage is that "nothing falls through the cracks." The real value is that our limited partners are assured that no detail is too small for our intense and aggressive asset management to overlook. We do, in fact, sweat the small stuff. We are detail managers.
	Paramount's in-house property management gives us an advantage in that we are free to quickly exercise exit strategies when the timing is best for our limited partners without the problems associated with interference of third party fee management contracts and cancellation penalties. Our limited partners can be confident that their investments are managed in a manner that creates the highest return to them, and will not be held beyond the economically preferred disposition date in order to maintain property management income.
	Paramount's seasoned professionals have been successful through all economic cycles. As with any other business, cycles come into play in real estate and we have demonstrated that we can maximize returns in both up and down markets. The advantage is that we have "been there, done that" and the value to our limited partners is that we have the expertise to know what to do and when to do it.
	The proof of a good investment surfaces when it is liquidated. At Paramount, we feel that it is imperative to have a well-planned exit strategy in place prior to the acquisition of the property. Another benefit to our limited partners is that, even though an exit strategy is present from the onset, it is continually revisited in an effort to assure the maximum protection for invested capital. The ultimate value is our ability to dispose of the investment in a timely and efficient manner when it is determined that it has peaked in connection with the economic cycle and the limited partner's investment strategy.

We invest our limited partners' capital as if it were our own, and we realize, as well as welcome, the fiduciary responsibilities associated with the services we provide to our institutional investors. Therefore, we strive to preserve our investors' capital and generate returns that meet or exceed the limited partners' investment objectives. Paramount's Limited Partnership investment process is designed to conform to the specific needs of our limited partners' business. We provide real estate expertise to enhance each limited partner's composite investment portfolio. Therefore, we are a partner and with equity at stake and return based on performance. It is critical that our investment activities are integrated into our limited partne's overall investment plan to assist with the accomplishment of their overall investment goals. We only win when our limited partners win.   

Sincerely,

Roland Stewart III
CEO/President\