Performance History

Track Record 1: Villa Nova

villaNova

53 of 92 Units in Class B building in Davie, Florida

Purchased in July 2015 for $4.8mln with $1.4mln equity

Executed $1mln value-add program interiors and exterior

Increased revenues by 96% and NOI by over 113%

170% of contributed equity returned

Estimated current value $11.9mln, with ~$6.6mln equity value

Achieved MOIC ~ 6.4x, IRR to date > 75%

Track Record 2: SP Apartment Condos

Florida Property Pics MCMG May 2022 Alex Cherry 14

120 of 176 Units in Class C building in Palm Springs, Florida

Purchased in June 2016 for $10mln with $5.0mln equity

Executed $1mln value-add program interiors and exterior

Increased revenues by over 219% and NOI by over 315%

Estimated current value ~ $21.6mln, equity value ~ $13mln

Distributions over 129% of original equity tax-sheltered since June 2016

Achieved MOIC ~ 3.9x, IRR to date > 35%

Track Record 3: Sunshine Condos

Florida Property Pics MCMG May 2022 Alex Cherry 07

35 Units in MCMG controlled Sabal Pointe and Villa Nova

Purchased in 2019-2022 for $3.85mln with $2.3mln equity

Executed $250k value-add program interiors

Run-rate revenues of $692k and NOI of $373k

Estimated current value $6.1mln, equity value $3.3mln

Distributions of 42.9% of original equity tax-sheltered

Achieved MOIC ~ 2.05, IRR to date > 22%

Track Record 4: Villa Hermosa

vilaHermosa

40 Units in Class C value-add building, stabilized over 5 years ownership in Dania Beach, Florida

Purchased in November 2011 for $2.7mln with $1.9mln private bank financing

Returned 51% equity capital tax-free in 2 years. Exit in August 2016 for $3.9mln

Achieved MOIC > 2.5x, IRR > 20%

There has never been a better time to invest in multifamily assets.