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: $43,925,000
Equity Remaining: Fully Funded
Loan Amount: $24,375,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $15,673,000
LTV: 55.49%
Occupancy: 91.25%
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: $88,100,000
Equity Remaining: Fully Funded
Loan Amount: $42,625,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $45,475,000
LTV: 48.38%
Occupancy: 95%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Hospitality
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.3%
Fully Syndicated Value: $49,346,196
Equity Remaining: Fully Funded
Loan Amount: $22,400,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $26,946,196
LTV: 45.39%
Occupancy: Varies
Minimum purchase 1031: $100,000; Accredited

Investment Type: Student Housing
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.4%
Fully Syndicated Value: $44,010,000
Equity Remaining: Fully Funded
Loan Amount: $25,220,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $115,374,057
LTV: 57.95%
Occupancy: 99%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.00%
Fully Syndicated Value: $218,042,339
Equity Remaining: Fully Funded
Loan Amount: $117,425,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $100,617,339
LTV: 53.85%
Occupancy: 93.9% As of 1/9/2018
Minimum purchase 1031: $100,000; Accredited

Investment Type: Retail
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.25%
Fully Syndicated Value: $20,485,000
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $20,485,000
LTV: 0%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Energy Royalty
First year projected lease payment as percentage of invested capital
(Cash on Cash): 9%
Fully Syndicated Value: $11,300,000
Equity Remaining: Fully Funded
Loan Amount: No Loan  –  All Cash
Hold Period: 5-8 year
Total Equity/Beneficial Interests: $11,300,000
LTV: NA
Occupancy: NA
Minimum purchase 1031: $100,000; Accredited

Investment Type: Retail
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.75%
Fully Syndicated Value: $39,769,696
Equity Remaining: Fully Funded
Loan Amount: $0 (before cash-out)
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $39,769,696 (before cash-out)
LTV: 0% (before cash-out)
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Healthcare
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.20%
Fully Syndicated Value: $39,990,338
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $39,990,338
LTV: NA
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): 5.30%
Fully Syndicated Value: $44,187,000
Equity Remaining: Fully Funded
Loan Amount: $24,862,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $19,325,000
LTV: 56.27%
Occupancy: 98%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.30%
Fully Syndicated Value: $52,397,488
Equity Remaining: Fully Funded
Loan Amount: $27,150,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $24,742,538
LTV: 51.82%
Occupancy: 96%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Office Property
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.8%
Fully Syndicated Value: $41,200,000
Equity Remaining: Fully Funded
Loan Amount: $25,527,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $15,673,000
LTV: 62%
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): 4.75%
Fully Syndicated Value: $64,974,578
Equity Remaining: Fully Funded
Loan Amount: $36,000,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $28,974,578
LTV: 55.41%
Occupancy: 91.2%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.45%
Fully Syndicated Value: $116,275,000
Equity Remaining: Fully Funded
Loan Amount: $65,975,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $50,300,000
LTV: 56.74%
Occupancy: 91%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.20%
Fully Syndicated Value: $71,490,000
Equity Remaining: Fully Funded
Loan Amount: $5,000,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $30,800,000
LTV: 56.92%
Occupancy: 91.25% as of 12/27/2017
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