Rails on Main 322 Unit Graduate Student Housing Development Project - PowerPoint PPT Presentation

WEBINAR WILL START 3 MINUTES AFTER THE ANNOUNCED TIME. AUDIO IS MUTED UNTIL THEN. Rails on Main 322 Unit Graduate Student Housing Development Project in Buffalo Jean-Marc Neal Dave Justin Landau Freeman Bawa Earl

OUR GOAL FOR TODAY The agenda Who are we? – An introduction to the Management team Why Buffalo? – Let’s explore the Metro Why this part of Buffalo? – Let’s explore the Neighborhood Why this property? – Let’s understand the opportunity What are the Numbers? – Assumptions, Loans, Splits, Returns and more How long and How much? - Investment amount and Timeframe What did we forget? Q&A session

BEFORE WE START, SOME HOUSEKEEPING Let’s get this out of the way Feel free to type questions in at any point. We will answer them at the end in the order they were asked. This presentation is being recorded. You will get a copy. All numbers shown are preliminary (and are likely to change due to ongoing due diligence). This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM). This document is an informational summary of the prospective investment opportunity only. The PPM and its exhibits contain complete information about the Property and the investment opportunity. This presentation has been prepared to summarize such information for prospective investors in the Company. The information contained herein is not a substitute for an investor’s complete review of all of the information attached to the PPM as part of their own due diligence regarding this investment opportunity and its suitability for their investment portfolio.

MEET OUR TEAM Financial Attunement and Blackfish Investments NEAL David JEAN-MARC Justin LANDAU BAWA Freeman Earl

MEET OUR TEAM 5 CEO and Founder, Financial Attunement About Jean Marc Key Focus owned, man anaged, , fin financed, , de developed, and and Strategy St con onstructed real eal es estate sinc since 19 1982 82. . Has as ext xtensi sive knowledge of of the he in industry and and tap aps s his his exp xperience to o fin find ele elegant and and Und nderwriting po powerful sol solutions to o both both sim simple and and Jean Marc Landau com omplex rea eal es estate transactions. . Je Jean-Marc Sub Submarket and and pr property sel selection launched Fin lau Financial Attunement, Inc nc. aft fter Strategic Leadership see seeing thousa sands s of of fina financial statements s in in his loa his loan pr practice. How could so so muc uch Investor Mana anagement cap apital be be un underutilized? ? Borrowers s wer ere strugg ggling to o qu qual alify fy for or a a loa loan, but but they Contracts s and and Fin Financials wer ere sit sitting on on sign signifi ficant as asse sets s earn earning no nothing for or them; ; som ometimes even losi losing val alue to o in infl flation. Bringing those as asse sets s in into rel eliable in investments s tha hat pr provide a a true return is is their key to a a fin financially secu secure future. And that is Financial Attunement’s goal oal.

MEET OUR TEAM 6 President and Chief Operations Officer, Financial Attunement About Neal Key Focus Nea eal Bawa br brings s strong op operational al and and Investor Mana anagement fiscal man fisc anag agement exp xperience to o Financial Attunement. Neal Fin eal has has over 17 17 years s of of revenue (P (P&L) ) exp xperience as as the Sal Sales s and and Mar arketing sen senior-most executive in in a a Cali alifornia a Neal Bawa ed education com ompany wit ith over 350 Submarket and Sub and pr property sel selection em employees s and and $4 $40M 0MM in in revenue. Nea eal Operational Leadership retired aft fter 17 17+ + years s of of ser service to pu pursue a a Rea eal Es Estate car areer full full tim ime. Leasi Lea sing g op operations s and and metrics Nea eal owns ns an and man anages s an an ext xtensi sive rea eal es estate singl single fam amil ily and and mul ultifamily Tec echnology an and Infrastructure po portfolio in in 5 5 U.S. .S. St States. He e teaches s Mul ultifamily ed education sem eminars to o over a a thousand students s a a year. He e no now lea leads the com ompany's 's Ope perations gr group and and is is driving the syndication and dr and acq acquisi sition of of Mul ultiFamily pr properties.

MEET OUR TEAM 7 Principal and Co-Founder, Blackfish Investments About Dave Key Focus Dave is Da is a a Fou ounding g Par artner and and Principal al Investor Mana anagement for or Bla lackfish sh Investments, s, a a rea eal es estate development firm de firm spec specializing in in student ho housi sing opp opportunities. Sal Sales s and and Mar arketing Dave Freeman Over the course of of his his student ho housing Submarket and Sub and pr property sel selection car areer, Da Dave has has part participated in in the Strategic Leadership acq acquisi sition of of over $1 $1Billion of of student housi ho sing pr properties s pe personally or or for or Lea Leasi sing g op operations s and and metrics com ompanies s he he has has work orked for or. Tec echnology an and Infrastructure Dave’s experience comes from personally owning be between 3,00 ,000 – 5,00 ,000 be beds of of student ho housi sing for or over 30 30-years. . Al Also, his student ho his housi sing exp xperience was as greatly br gr broadened whi hile he he was as the he head of of acq acquisitions (EVP (EVP of of Ac Acquisi sitions) s) for or a a public student ho pu housi sing RE REIT (C (Cam ampus s Crest NYSE: SE: CCG). ).

MEET OUR TEAM 8 Principal and Co-Founder, Blackfish Investments About Justin Key Focus Jus ustin is is a a Fou ounding g Par artner and and Principal al at St Strategy Blac lackfish Investments, s, a a real eal es estate de development firm firm spec specializing in in student housi ho sing pr projects. s. He e br brings s 10 10 years s of of Und nderwriting development experience fr de from ha having Justin Earl wor orked wit ith som ome of of the lar largest real eal es estate Submarket and Sub and pr property sel selection pla players s in in Utah and and reg egionally. His is work ork has has Strategic Leadership and cu and currently covers s acq acquisitions, , development, de de desi sign, and and fina financing g of of ne new Investor Mana anagement pr projects. s. Contracts s and and Fin Financials Justin has 2 Master’s Degrees: (1) Master’s Deg Degree in in Real eal Es Estate De Development and and (2 (2) ) Master’s Degree in Finance, both from the Uni niversity of of Utah. For or the pas past 4 4 years, s, he he has has be been teaching MBA, A, MSF SF, , MAc Acc, and and MRE RED students s adv advanced rea eal es estate financial mod fina odeling g and and theory also also at the Uni niversity of of Utah.

MEET OUR TEAM 9 The rest of our hard working family Jennifer Pineda Andy Atre Ivannia Navarrete Lana Arorong Julianne Feliza Bonnie Lai Mar arketi ting & & Techn hnolog ogy y & & Ope peratio ions Investor Rela latio ions & & Acquis isit itio ions Analy alysis is and nd Aud udit its & & Ope peratio ions Wi Wiz New Media Ne ia Exper Expert Mar arketi ting Gur uru Dir irector Due ue Dilig ligence Exp Expert Ope peratio ions Wi Wiz

OUR PROPERTY MANAGER 10 10 Property management expertise SGFusion Living has focused on student housing for 30 years. They have managed as many as 3,700 beds at a time across Utah, Arizona, Nevada, California, Colorado and Florida. Strong expertise in budgeting SGF partners closely with us in the due diligence, proforma and budgeting process. They regularly shop the competition, and their rent comps are very reliable. Shelly Freeman, President/Owner SGFusion Living High caliber staff SGF’s staff of 35 employees is experienced with a strong attention to detail. Awarded Performance SGF has won “Best of Provo Apartments” the past 4 years for its service above and beyond the call of duty.

CORE COMPETENCIES 11 11 What we are really good at IDENTIFY ACQUIRE MANAGE DIVEST & STABILIZE & ENHANCE & VERIFY PROFITABLY Our Asset Managers Higher rents and higher Through very thorough Our goal is to sell the and principals work side occupancy drive the and proprietary property profitably with by side with our bottom line, enhancing research focused on the in a 3-5 year time frame. property team to profitability and right metros, sub- We provide on-going market and target acquire the asset. If the increasing the guidance on our properties, we identify property is a property’s value. progress towards our high quality assets with turnaround property, stated exit price for the upside and a favorable the team works day and property. risk-reward ratio. night until the property is stabilized.