Corporate Structure FPI Management is directed by a hands-on Owner/President CEO who has actively guided the company for 40 years. Dennis Treadaway works with the executive team of Senior Vice Presidents and Vice Presidents to assure that all objectives of FPI Management clients are being achieved. Marketing FPI Management is considered a leader in the industry as a marketing and product branding expert. FPI Management has leased up over 40,000 new construction multi-family units. FPI Management is integral in the development process, including initial design consultation, underwriting, budgeting, and marketing of the property. On an annual basis, FPI Management will re-lease approximately 30,000 units. FPI Management is savvy in the changing dynamics of marketing technology. Electronic outreach via social media and on-line resources are the fundamentals of any FPI Management marketing plan. FPI Management also integrates the application of Revenue Management Systems on market rate communities, to produce maximum possible revenues for FPI Management clients. Staffing As a recognized leader in the industry, FPI Management is a destination management company that is able to attract the highest caliber employees at the most economical cost to the property. An established reputation and a 40-year track record have created a distinctly unique culture for FPI Management. This culture fosters employee development, knowledge, and experience, and creates an exciting career path for each team member. The policies and procedures developed by FPI Management over the past 40 years have created an organization of unsurpassed technical expertise. FPI Management's clients benefit from the strength of a management organization that is efficient and responsive. Training The FPI Management Educational Opportunities program is a comprehensive training system that instructs personnel on property management techniques. During the course of a year, FPI Management provides continuing education seminars on marketing, maintenance and financial management. FPI Management also trains employees on safety, risk management, OSHA, water intrusion, and hazardous materials handling. Classroom training is provided at the FPI Management Corporate Office in Folsom, California and regional offices in Costa Mesa, California and Seattle, Washington. On-line training is also provided by Grace Hill, which is a third party provider. Buying Power Based on a 60,000-unit portfolio, FPI Management negotiates contracted services and material purchasing at significantly discounted prices. FPI Management utilizes a preferred vendor list to access the most favorable pricing. By committing to the exclusive use of selected service providers, FPI Management obtains the greatest possible discounts. 100% of all discounts and rebates received by FPI Management pass through to the property owners. Property Renovation FPI Management has extensive experience in the physical rehabilitation of properties. On an annual basis, FPI Management will administrate and supervise in excess of $55,000,000 of routine maintenance, capital improvements and renovations. The volume of work generated by FPI Management encourages active bidding from contracted vendors. Human Resources FPI Management employs over 1,600 individuals. FPI Management maintains a full time Human Resources Department that assures all employment practices are in compliance with Federal and State regulation. FPI Management, as the employer for all site personnel, insulates the owner from potential liabilities arising from employment practices. The FPI Management Human Resources Department is diligent in managing payroll costs and benefits. FPI Management workers compensation rates are among the lowest in the industry. Health benefits made available for the on-site staffs are designed to provide the best possible coverage with the least possible expense to the properties. Accounting FPI Management prepares over 400 financial statements each month. The Chief Financial Officer, Controller and three Assistant Controllers provide the leadership to 50 General Ledger/Accounts Receivable, and Accounts Payable support staff. FPI Management works with its clients to generate statements that are formatted to meet the client’s needs. FPI clients have real time direct access to accounting executive leadership and support staff. This accessibility improves efficiency, accuracy, and timeliness in the delivery of monthly financial statements. Information Management FPI Management maintains a full time in-house Information Technology Department and Residential Services Department. These departments support all corporate and on-site hardware and software requirements. All on-site systems are fully integrated with the FPI Management corporate system. The property owner may access all site information, directly from the property, to the owner's business location. FPI Management utilizes Yardi Voyager 6.0, as its operating system. Yardi software is a web based system. FPI Management clients have real time access to all property financial activity. Yardi software is also integrated with the Yardi portal, providing residents with real time access to their accounts, on-line rent payments, maintenance requests, and calendar activities. Yardi is also integrated with Revenue Management Systems utilized by FPI Management sites. SUMMARY FPI Management, Inc. has developed comprehensive expertise in all aspects of property management. With over 40 years of experience, FPI Management has encountered virtually all marketing, physical and administrative challenges. The benefits derived by the clients of FPI Management in the successful management of their properties have positioned FPI Management as the recognized leader in the industry.