Based on current market trends, Shoreline Holdings, LLC is focused on condominium conversions in Southwest Florida. The current real estate market is highly favorable for these transactions. Although apartment complex values have risen in the last few years, the condominium conversion niche is still extremely lucrative. The low supply and very high demand for condominium units has resulted in a large premium for condominiums versus identical apartment complexes.

Shoreline Holdings, LLC's initial projects will be primarily apartment to condominium conversions in Southwest Florida. We will use the revenues created in this robust market to fuel an expansion up the eastern seaboard. During this time of growth, Shoreline Holdings, LLC will become multi faceted to include a development/construction division, marketing division, real estate sales division, and lending division.

Shoreline Holdings, LLC's overall management strategy will mitigate risk and maximize profit by engaging in transactions with careful attention to associated market risk. This involves entering into short term projects in upward trending markets to capitalize on appreciation and back end product demand. In level or declining markets, we will make large land acquisitions for long term development.