RECENTLY FUNDED 1031 PROGRAMS

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.75%
Fully Syndicated Value: $39,569,787
Equity Remaining: Fully Funded
Loan Amount: $18,837,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $20,732,787
LTV: 47.60%
Occupancy: 93.10%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Hospitality
First year projected lease payment as percentage of invested capital
(Cash on Cash): 6.17%
Fully Syndicated Value: $39,829,373
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $39,829,373
LTV: 0%
Occupancy: Varies
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.30%
Fully Syndicated Value: $100,857,000
Equity Remaining: Fully Funded
Loan Amount: $47,632,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $53,225,000
LTV: 47.23%
Occupancy: 95.80%
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: $149,422,415
Equity Remaining: Fully Funded
Loan Amount: $67,750,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $83,672,415
LTV: 44.00%
Occupancy: 94.70%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Senior Living
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.50%
Fully Syndicated Value: $289,712,890
Equity Remaining: Fully Funded
Loan Amount: $140,697,675
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $149,015,215
LTV: 48.56%
Occupancy: 94.33%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.69%
Fully Syndicated Value: $34,762,000
Equity Remaining: Fully Funded
Loan Amount: $12,217,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $22,545,000
LTV: 35.14%
Occupancy: 89.63%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family & Net Lease
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.15%
Fully Syndicated Value: $168,451,336
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $168,451,168
LTV: 0%
Occupancy: 97.70%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Hospitality
First year projected lease payment as percentage of invested capital
(Cash on Cash): 5.93%
Fully Syndicated Value: $41,042,438
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $41,042,438
LTV: 0%
Occupancy: Varies
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.20%
Fully Syndicated Value: $82,675,000
Equity Remaining: Fully Funded
Loan Amount: $40,200,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $42,475,000
LTV: 48.62%
Occupancy: 96.27%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Multi-Family
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.15%
Fully Syndicated Value: $92,325,000
Equity Remaining: Fully Funded
Loan Amount: $41,600,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $50,725,000
LTV: 45.06%
Occupancy: 94.37%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Student Housing
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.61%
Fully Syndicated Value: $48,100,000
Equity Remaining: Fully Funded
Loan Amount: $22,000,000
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $26,100,000
LTV: 45.74%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited

Investment Type: Industrial Net Lease
First year projected lease payment as percentage of invested capital
(Cash on Cash): 4.40%
Fully Syndicated Value: $31,642,308
Equity Remaining: Fully Funded
Loan Amount: $0
Hold Period: 7-10 year
Total Equity/Beneficial Interests: $31,642,308
LTV: 0%
Occupancy: 100%
Minimum purchase 1031: $100,000; Accredited