Investment Summary (New Investors)
Current Opportunity: Following the initial equity investment closing in February of 2024, we are now seeking to raise our final $460,000 (LP Investor B allocation) to complete the full $4,000,000 equity allocation. We are offering this investment opportunity at the same equity basis at initial closing, but with a significantly de-risked investment with the project business plan nearing
Investor A Catch-up Provision: The catch-up provision was established to ensure fairness for the original investors to get compensated for carrying early risk. LP Investor A is entitled to receive the first ~$480,000 of available distributions to LP Investors, representing their 8% accrued preferred return over the six-month period they have been invested in the deal. This preferred equity distribution will be paid in full to Investor A before any distributions are made to LP Investor B. Once LP Investor A has received their full accrued preferred return, distributions to LP Investor B will commence. At that point, all Limited Partner (LP) distributions will be made pro rata between LP Investor A and LP Investor B, placing both groups on equal footing going forward. Summary: This page provides an overview of the new opportunity we are presenting. The remainder of the presentation outlines our original business plan, updated with the latest financial figures and projections . Business Plan Update: LP Investor B benefits from a significantly de-risked project stage. As of today: • All units are 100% renovated, delivered on time and on budget • The project is on time and on budget • Tenant relocation strategy is complete • Stabilization is complete • The property is currently 93.9% leased (46/49 beds) This positions LP Investor B to enter at a reduced risk point while still participating in meaningful back-end upside potential.
complete, and newly instated tax benefits recently passed by the Trump administration. The following projected returns represent LP Investor B: • 15.7% IRR • 1.50x MOIC • 40-month investment horizon (assuming funding by October 31, 2025) • Exit date: February 2029
Table Notes: - LP Investor B represents new investors, LP Investor A represents original investors at initial closing - Year 0 for LP Investor B represents their funding date of Oct. 2025 - The following slide deck pages refer to ‘LP Investors (Combined)’ which reflect a blended combined return of LP Investor A & LP Investor group B and the months & years are based off the original closing date of Apr. 2025
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