PORTFOLIO

LAKESIDE VILLAGE | SALT LAKE CITY, UT | 144 UNITS

Acquisition Date: Sep 2022 Targeted IRR: 15.4% Targeted Multiple: 1.9x Targeted Hold: 5 years

THE RANCHES | OGDEN, UT | 79 UNITS

Acquisition Date: Aug 2022 Targeted IRR: 18.6% Targeted Multiple: 2.2x Targeted Hold: 5 years

SEA SKIFF | HERMOSA BEACH, CA | 10 UNITS

Acquisition Date: July 2022 Targeted IRR: 16.6% Targeted Multiple: 2.1x Targeted Hold: 5 years

REMINGTON RANCH | SAN ANTONIO, TX | 180 UNITS

Acquisition Date: June 2022 Targeted IRR: 13.0% Targeted Multiple: 2.0x Targeted Hold: 7 years

MAXWELL TOWHOMES | SAN ANTONIO, TX | 316 UNITS

Acquisition Date: Jan 2022 Targeted IRR: 19% Targeted Multiple: 2.2x Targeted Hold: 5 years

OPPORTUNITY ZONE

716 PEQUES ST | SAN MARCOS, TX | 4 TOWNHOMES

Acquisition Date: Dec 2021 Targeted IRR: 15% Targeted Multiple: 1.7x Targeted Hold: 10 years

TIMBERS | SAN MARCOS, TX | 155 UNITS

Acquisition Date: Dec 2021 Targeted IRR: 15% Targeted Multiple: 2.6x Targeted Hold: 10 years

RESERVE AT WATER TOWER VILLAGE | ARVADA, CO | 59 UNITS

Acquisition Date: Jul 2021 Targeted IRR: 15% Targeted Multiple: 1.9x Targeted Hold: 5 years

TRADEWINDS | SAN ANTONIO, TX | 84 UNITS

Acquisition Date: Jul 2021 Targeted IRR: 14% Targeted Multiple: 1.6x Targeted Hold: 4 years

VILLAS AT ROGERS RANCH | SAN ANTONIO, TX | 246 UNITS

Acquisition Date: Jul 2021 Targeted IRR: 15% Targeted Multiple: 2.3x Targeted Hold: 7 years

THE PERCH ON 52ND | ARVADA, CO | 157 UNITS

Acquisition Date: Apr 2021 Targeted IRR: 14% Targeted Multiple: 2.2x Targeted Hold: 7 years

THE OUTPOST ON YUKON | WHEAT RIDGE, CO | 96 UNITS

Acquisition Date: Oct 2020 Targeted IRR: 17% Targeted Multiple: 2.7x Targeted Hold: 7 years

LOOKOUT POINTE | PROVO, UT | 115 UNITS

Acquisition Date: Jun 2020 Targeted IRR: 16% Targeted Multiple: 1.9x Targeted Hold: 5 years

1600 HOYT | DENVER, CO | 64 UNITS

Acquisition Date: Jan 2020 Targeted IRR: 14% Targeted Multiple: 2.8x Targeted Hold: 10 years

CONTINENTAL COURT I & II | DENVER, CO | 98 UNITS

Acquisition Date: Jan 2020 Targeted IRR: 14% Targeted Multiple: 2.9x Targeted Hold: 10 years

HILL AT WOODWAY | SAN ANTONIO, TX | 248 UNITS

Acquisition Date: Dec 2019 Targeted IRR: 14% Targeted Multiple: 2.9x Targeted Hold: 10 years

OPPORTUNITY ZONE, INVESTMENT

14TH AND JAY | LAKEWOOD, CO | 33 UNITS

Target Completion Date: Spring 2022

EAGLE CREST | LAKEWOOD, CO | 93 UNITS

Acquisition Date: Jan 2019 Targeted IRR: 18% Targeted Multiple: 2.1x Targeted Hold: 5 years

ASBURY PLAZA | DENVER, CO | 110 UNITS

Acquisition Date: Nov 2017 Targeted IRR: 14% Targeted Multiple: 2.9x Targeted Hold: 10 years

FOREST COVE | DENVER, CO | 100 UNITS

Acquisition Date: Sep 2017 Targeted IRR: 19% Targeted Multiple: 3.8x Targeted Hold: 10 years

PARKWOOD PLAZA | LAKEWOOD, CO | 120 UNITS

Acquisition Date: March 2017 Targeted IRR: 16% Targeted Multiple: 3.3x Targeted Hold: 10 years

REALIZED

CEDARS OF SAN MARCOS | SAN MARCOS, TX | 168 UNITS

Disposition Date: Sep 2021 Project IRR: 19% Project Multiple: 2.0x Project Hold: 4 years

REALIZED

AZURE APARTMENTS & TOWNHOMES | AUSTIN, TX | 199 UNITS

Disposition Date: Oct 2019 Project IRR: 21% Project Multiple: 1.4x Project Hold: 2 years

REALIZED

Lamar Station | Lakewood, CO | 138 Units

Disposition Date: Aug 2019 Project IRR: 64% Project Equity Multiple: 3.2x Project Hold: 3 years