Total Fund
• 15 Projects
» 1,213 Units
» 4 Submarkets
» 5 Product Lines, including 1 MF (Rental project) » Priced from low $200’s to $1.5M+
• Equity Investment $84M (Current + Targeted + TBD (14+1)) » 5-Year Payback
» $50M Peak Equity • Return
» $59M Pro t
-$38M paid to VTC
» 34% Portfolio IRR