RECENTLY FUNDED 1031 PROGRAMS

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $59,047,037
Equity Remaining: Fully Funded
Loan Amount: $28,227,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $30,820,037
LTV: 47.80%
Occupancy: Arvada Apartments: 95.8%
Greely Apartments: 97.9%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Retail
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $14,629,000
Equity Remaining: Fully Funded
Loan Amount: $7,785,000
Hold Period: 5-10 year
Total Equity/Beneficial Interests: $6,844,000
LTV: 53.22%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $13,959,700
Equity Remaining: Fully Funded
Loan Amount: $7,159,700
Hold Period: 5-10 year
Total Equity/Beneficial Interests: $6,800,000
LTV: 53.9%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $109,725,000
Equity Remaining: Fully Funded
Loan Amount: $60,775,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $48,950,000
LTV: 55.4%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.0%
Fully Syndicated Value: $53,280,000
Equity Remaining: Fully Funded
Loan Amount: $28,730,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $24,550,000
LTV: 53.9%
Occupancy: 97.4%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $59,595,975
Equity Remaining: Fully Funded
Loan Amount: $30,250,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $29,345,975
LTV: 50.76%
Occupancy: 96.7%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.5%
Fully Syndicated Value: $32,538,531
Equity Remaining: Fully Funded
Loan Amount: $20,475,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $12,063,531
LTV: 62.93%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $45,905,947
Equity Remaining: Fully Funded
Loan Amount: $33,070,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $12,835,947
LTV: 72.04%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4%
Fully Syndicated Value: $35,708,329
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 10 year
Total Equity/Beneficial Interests: $35,708,329
LTV: No Debt
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Office
First year projected lease payment as percentage of invested capital
(Cash on Cash): 0%
Fully Syndicated Value: $398,276,589
Equity Remaining: Fully Funded
Loan Amount: $332,942,584
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $65,334,005
LTV: 83.36%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Medical Office
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.66%
Fully Syndicated Value: $12,890,000
Equity Remaining: Fully Funded
Loan Amount: $7,880,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $4,453,890
LTV: 0%
Occupancy: 100% (Average)
Minimum purchase 1031: $100,000; Accredited

Investment Type: Self-Storage
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.25%
Fully Syndicated Value: $34,710,801
Equity Remaining: Fully Funded
Loan Amount: $18,222,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $16,488,801
LTV: 52.50%
Occupancy: 90.44%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5%
Fully Syndicated Value: $186,080,998
Equity Remaining: Fully Funded
Loan Amount: $94,708,913
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $91,372,086
LTV: 50.90%
Occupancy: 94.7-95.5%
Minimum purchase 1031: $100,000; Accredited