Portfolio

IrisPB

Acquisition and Management

The Iris at Northpointe

Acquisition & Management of Stabilized Class-A Project

Financial Highlights: High IRR and Cash on Cash Returns.

Project Description: Financed, Purchased and Manage Class-A Project. Consists of 3 Story 252 units, it was acquired in October 2020.

Location Highlights: Located in Tampa, Florida close to University of South Florida and I- 75/I-4, very close to employment centers.

Chelsea-2

Project Pipeline

Chelsea Parc

Land Use Change & Entitlement of a 254 Unit, 2 Story Garden Project

Financial Highlights: High projected IRR and Cash on Cash Returns

Project Overview: Entitle, construct, lease, and manage 254-unit “AAA” Luxury Multifamily Project, Average Unit Size 1,100 sf, Vertical development anticipated 4Q 2021

Location Highlights: Davie, Florida (Broward), University Blvd Retail Corridor, Strong Retail Area with easy access to I-595; I-75 and Turnpike; close to Ft. Lauderdale Int’l Airport (FLL)

Plantation-3

Project Pipeline

Plantation Midtown Square

Land Use Change & Entitlement of a Mixed Use 574 Units & 21.000 sf Retail Project

Financial Highlights: For Phase 1: 240 Units 5 Story Mid-Rise, high projected IRR and Cash on Cash Return.

Project Overview: Demolition and Entitlement of 25-Acre Property (Completed), Future TM Ground-up Development with Midrise towers totaling 480 units with a 94-townhome parcel and 21,500sq. ft. of retail in hard corner.

LINCOLN 1

Acquisition of Distressed Office Campus

Lincoln and Washington Square

Acquisition of 196,000 SF Distressed Office Campus

Financial Highlights: Acquired Lincoln and Washington Square. Increased occupancy more than half in Lincoln Square. Returned all of Investor Equity upon sale of only Washington Square in December 2019. Lincoln square is currently highly leased and produces high free cash flow.

Project Fundamentals: Office Campus with 196,000sq. ft. on approximately 10 acres. Solid Government sponsored Tenant base.

Location Highlights: Miami Gardens, Florida, has easy access to turnpike; I-95; 826 and 441. It is also the most prominent building in the area.

Shalimar-4

Land Use Change; Entitlement, Development and Management

Shalimar at Davie

Land Use Change; Entitlement & Development of 240-Unit 3 Story Garden Project

Financial Highlights: High IRR and Cash on Cash returns

Project Overview: Shalimar at Davie is a 240 Unit, 3-story ground-up development over 13 acres of land. It was rezoned and entitled, with Kaufman Lynn being the General Constructor, it was delivered on time and within budget.

Location Overview: It is located in Davie, Florida, within 1.1 miles from SF University Blvd Retail Corridor.

ADDISON-2

Acquisition and Management

The Addison at Tampa Oaks

Acquisition & Management of Stabilized Class-A Project

Financial Highlights: High IRR and Cash on Cash Returns

Project Description: Financed, Purchased & Manage Class-A Project. Consists of 3 and 4 Story 262 Units on 9 acres of land, it was acquired in June 2019.

Location Highlights: It is located in Tampa, Florida close to Univ of South Florida & I- 75/I-4, very close to employment centers.

Element1

Value-Add Acquisition

The Element at Metrowest

304-Unit Fractured Condo Value-Add Acquisition

Financial Highlights: High IRR return in a two-year hold and high Cash on Cash return

Location Highlights: Orlando, Florida. Just north of Universal Studios.

Project Description: Value-add Acquisition, improved common areas as well as unit interiors increasing rents over 10%, increased projected occupancy to over 95%.

Valencia-1

Land Acquisition and Entitlement

Valencia

Land Acquisition and Entitlement Project

Financial Highlights: High IRR and Equity Multiple Return

Location Overview: Coral Gables Florida (Miami-Dade) near Miracle Mile.

Project Description: Increased floor area ratio from 2.0 to 3.0 and height from 66 ft to 150 ft. Project was fully entitled, designed and approved for a luxury condominium development at time of sale.

COSTA1

Acquisition

La Costa at Dobson Ranch

194-Unit Acquisition

Financial Highlights: High IRR over a 4-year period

Location Overview: Mesa, Arizona

Project Description: Opportunistic, distressed asset investment. 2- story garden style 194 units.

COTTAGE1

Distressed Asset Acquisition

Cottage Cove

468-Unit Distressed Asset Acquisition

Financial Highlights:High IRR over a 7-year period

Location Overview: Miami, Florida. Close to employment centers and retail areas.

Project Description: Opportunistic, distressed asset investment. 1, 2 and 3 story buildings, 468 units.