Micro Cap Private Equity Market Rate Multifamily Housing Development

1. Micro Cap Private EquityMarket Rate Multifamily Housing Development

2. G Micro Cap Private EquityMarket Rate Multifamily Housing Development Reasons to Consider a Micro Cap Private Equity Provider Typical Deal Profile – Case Study Size of Equity Investment Balancing Investor and Developer Returns

3. G Micro Cap Private EquityReasons to Consider a Micro Cap Private Equity Partner Underwriting and other development expertise Flexibility to leverage equity and debt sources to increase pipeline Develop partnership with equity and debt partners for ease of execution and consistent underwriting standards More flexible fee requirements, reporting and other standards

4. G Micro Cap Private EquityTypical Deal Profile Geographically Flexible – Primary and Secondary Markets Total Construction Cost - $20,000,000 - $40,000,000 Total Investor Equity - $4MM-$10MM Term Sheet Available Upon Request

5. G Micro Cap Private EquitySize of Equity Investment Total Equity Needs (Investor Equity <30% of total construction cost) Level of Sponsor Participation (0%-4% of total construction cost) Depending on Development Size – Participation with additional Equity Providers

6. G Fees and “Profits” are more back loaded for Sponsors as compared to typical Tax Credit Developments Preferred Return (12%) and IRR Hurdles (20%) to Investor prior to Profit Split Balancing Investor Returns with fees for sponsor during deal Acquisitions Fees, Incentive Management Fees (or Asset Management Fees), other fees Micro Cap Private EquityBalancing Investor and Developer Returns