Oaktree Real Estate Opportunities Fund VII, L.P.
OAKTREE REAL ESTATE OPPORTUNITIES FUND VII, L.P.
Capitalizing on Opportunities through Cycles
(Indexed to 100)
270
250
230
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190
170
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130
110
90
MARKET'S STRATEGY
OAKTREE'S STRATEGY
2001
2002
2003
2004
2005-07
HYPER-LIQUIDITY
Purchase at peak levels
Sell at peak levels
2005
2006
S&P Case Shiller 20-City Home Price Index
Non-Major Commercial Real Estate Markets
2007
2008-10
GLOBAL FINANCIAL CRISIS
Work out bad assets
and survive
Buy public securities at
market trough
2008
2009
As of May 31, 2015
Source: RCA and Moody's Investors Service, LPS, Morgan Stanley, S&P Case-Shiller
1 Major Markets are the six gateway metropolitan areas: Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C.
2010
Buy core real estate
2011-PRESENT
RECOVERY
2011
Buy private, over-leveraged assets at deep
discounts
2012
Significant value gap
between major and non-
major markets
2013
Confidential
Major Commercial Real Estate Markets¹
S&P Case Shiller Peak Value
Still below
peak value
2014
Target
Pricing
2015
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