2020 DMG Investments

DMG

I N V E S T M E N T S

Corporate Profile DMG Investments LLC | 6th Edition

To send comments or request copies, email us: info@dmginvestments.com. Graphic design, production and publishing by BZEL.

Who We Are

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Founded in 2013 and headquartered in New York, DMG is a leading global real estate investment management and development firm focusing on student housing, condominium, and multifamily. By combining the joint expertise of our talented people, we offer clients a vertically integrated investment platform resulting in outstanding reliability – and the prospect of shared growth. We are privileged to actively manage real estate investments of approximately $700 million in assets under management across 10+ projects in New York, New Jersey, Texas, Tennessee, Wisconsin, and South Carolina, all together delivering superior investment performance.

Who we are

DMG INVESTMENTS — COMPANY PROFILE

As a professional fiduciary, we are experienced in sourcing, selecting, underwriting, acquiring, developing, and managing properties varying in size from $20 million to over $500 million.

Through strategic partnerships and utilization of our broad network of relationships and resources in the real estate sector, institutions, and finance industries, the acquisitions team continues to devise and execute value-enhancing strategies contributing significantly to the firm's aptitude for successful investments.

D M G I N V E S T M E N T S — COMPANY PROFILE

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Letter From Jacky He

Letter From the Chief Executive Officer As Chief Executive Officer of DMG Investments, I am delighted to welcome you to the fifth edition of our company profile, updated periodically, to report to you positive and optimistic views of our company's growing focus.

Our talented team remains the central pillar of our continuous growth, having a noticeable impact in all corners of our operations, enabling us to expand our market share in the United States and internationally.

With the world around us rapidly evolving, DMG Investments continues to adapt to our investors, creating well-structured, diverse investment portfolios across the wide range of multi-family, student housing, commercial, and alternative asset classes.

In allowing us to provide personal, consistent, and thoughtful advice to private clients and investors, we are delighted to extend an invitation to you to get in touch and let us demonstrate how DMG Investments can be of help to you. I hope you find the contents of The Company Profile exciting and valuable.

Jacky He Jacky He CEO

Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE

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Nikada Taken on September 11, 2008 The New York Stock Exchange | New York, NY

In our documents, DMG Investments features photography from distinctive photographers from around the world.

In our most recent edition of the company profile, we showcase the beautiful photography of iconic architecture in New York City.

We hope you enjoy our curated selection of images, a reflection of our distinctive approach to successful investments.

David Ramos

Vice President of Marketing

Executive Leadership

Executive

leadership For us, it’s about bringing together leaders who make things possible.

Our success is directly linked to our people, the foundation of our organization.

Year after year, it's their expertise and commitment that help us achieve our business objectives, and their passion and tenacity to succeed and deliver results beyond our expectations.

Jacky He

VP of Construction

dmginvestments.com/people

Controller

Human Resources Manager

Christian O'Lone

Douglas Lo Pinto VP of Finance and Acquisitions

VP of Asset Management

David Ramos

Joseph Manzo D M G I N V E S T M E N T S — COMPANY PROFILE

SVP of Finance and Acquisitions

Malina Persaud

Chief Operating Officer

Indira Basu

Jeff Amengual

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Ariel Hai

Chief Executive Officer

VP of Marketing

Passion for long-term value

Experts in maximizing economic return

Utilizing innovative technologies

Determination & dedication

Creating market differentiation

Applying aggressive and creative marketing techniques

Philosophy and commitment to cooperation

A diverse team with a single vision We bring together the world’s sharpest, most creative professionals in real estate, engineering, finance, business, marketing, and design.

Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE

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Jeffrey Blum Taken on October, 2019 The Oculus, World Trade Center | New York, NY

Fundamental values Our principal values are more relevant than ever before. It is only through our professionals' daily commitment that we observe such high standards of ethics and performance.

Integrity We are driven by honesty and integrity. We achieve, win trust, and deliver excellence through the quality of our work and high ethical standards.

Passion We are enthusiastic about pursuing new ideas and uphold our flair for entrepreneurship and desire to do bigger and better. We meet challenges with creativity, optimism, and a positive attitude.

Team Spirit Our success comes from our people's contribution as a team. We promote a culture of collaboration where we learn from each other, inspire one another, and share the company successes.

Growth We create opportunities on the principle of promoting growth both as individuals and as a company. We believe in the journey of education to empower bold thinking and create opportunities.

Innovation We support and encourage research and development in the sectors we operate to ensure that today's innovation is tomorrow's conventional solution.

Positive Impact Through our business activities, we are committed to practices that positively influence the communities in which we operate. We strive to minimize our operations' environmental impact and improve our efficient use of critical resources.

Key Players

Key leaders “Our ambition is to serve as a strategic investor and create enduring partnerships with industry-leading organizations.”

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Expertise in key sectors

D M G I N V E S T M E N T S — COMPANY PROFILE

With more than 40 years of experience building a diverse range of project types, including residential, industrial, retail, hospitality, and infrastructure, Mr. Amengual leads a team of dedicated professionals in the acquisition, finance, development, construction, marketing, and management of real estate properties located in Texas, South Carolina, Tennessee, and New York.

Explore recent media coverage and gather Jeff's insights in national media outlets on trends shaping the market, industries, and innovation.

dmginvestments.com/media-center

Reaching a decade of growth and continued value creation.

DMG Investments has capitalized on growth opportunities with over $700 million in real estate asset types since its inception in 2013. The firm has diversified investment mediums to deliver flexibility and pursue opportunities based on the capital environment. dmginvestments.com/about

Jeffrey Amengual COO — DMG Investments New York, Office

Meet our Talent

Meet our talent The passion, dedication, and expertise of our people powers everything we do.

The women and men of DMG Investments bring diverse experience and an almost boundless skillset to our investors' service. Here is a selection of our talents and the ways they make a difference every day.

CONTROLLER

“Utilizing the highest ethical standards, I ensure to provide financial, accounting, and tax support to our entire portfolio of properties.”

Malina Persaud, CPA Controller — DMG Investments New York, Office

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As an Assistant Controller at DMG Investments, my primary responsibility includes cash management, investment accounting, financial statement preparation, tax support for each of our properties, and various other accounting activities. Our team utilizes the highest ethical standards ensuring every transaction is secure and accurate.

My background, experience, and expertise with a variety of structures and fund types across private equity, real estate, and hedge funds allows me to examine and approve through a unified and transparent management model across the organization.

D M G I N V E S T M E N T S — COMPANY PROFILE

VALUES

Inspiring a new era of development, sustainability, growth, and productivity, where inspiration and innovation are at its center.

Our values empower our professionals to grow in their careers paths, build trusted relationships with colleagues and clients, and become architects of a positive and bright future.

Our values have shaped who we are and continue to be for the years to come: responsible leaders committed to positively impacting society.

dmginvestments.com/people

SVP OF FINANCE AND ACQUISITIONS

“We provide thorough financial analysis, and extensive analytical practices to better assess risk” Ariel Hai SVP of Finance and Acquisitions — DMG Investments New York, Office

As SVP of Finance and Acquisitions, I am responsible for sourcing and executing the financing solutions for existing and new assets, including construction loans, mezzanine loans, equity financing, and EB5 financing with local and overseas financial institutions. I am also actively involved in sourcing and executing new deals for DMG.

VICE PRESIDENT OF ASSET MANAGEMENT

“As a professional, I am always thrilled to enter new student housing markets.”

Christian O'Lone Vice President, Asset Management — DMG Investments New York, Office

I am confident that my expertise in delivering on several fronts, including site management, budgeting, and leadership, represents an asset for DMG Investments. All of my teams are trained to be leaders and deliver on leasing velocity in the markets they serve. Having represented more than 16 student housing markets, I have the confidence, experience, and expertise to thrive in existing and future markets.

Investment Footprint

10+ Multi-family and student housing locations across the United States.

D M G I N V E S T M E N T S — COMPANY PROFILE

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Investment footprint We work with ambitious investors around the world who want to define the future. Together, we define a bold ambition and achieve extraordinary results that redefine industries.

100+ years COMBINED GLOBAL INVESTING AND OPERATING EXPERIENCE

Student Housing Communities New York

Auden Albany New York

Auden Albany II New York

Auden Ithaca New York

Auden Ithaca II New York

Auden Buffalo South Carolina

Auden Upstate Texas

Auden Houston

322 106 Beds

Units

309 204 Beds

Units

273

94

226

77

Units

Beds

Units

Beds

481 154 Beds

Units

486 170 Units

Beds

306 162 Units

Beds

Luxury Condominiums New Jersey

One Park Condos Texas

Arabella

204 Units

99 Units

Multi-family Rentals Wisconsin

Frederick Lofts New York

1211 Western Ave

100 Units

136 Units

Fulton center NYC Subway Station

D M G I N V E S T M E N T S — COMPANY PROFILE

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Marco Piunti Taken on February 7, 2019 Fulton Center Subway Station | New York, NY

Curated Photography

Our sustained investment success since 2013 has attracted a deep pool of committed debt and equity investors.

We have strategically selected our investors to complement one another, each with varying expectations for risks, returns, market preferences, and asset types.

Our investment program has been designed to ensure that we can structure a customized investment for almost any project profile.

Ariel Hai

SVP of Finance and Acquisitions

Investments Highlights

Investments

highlights Superior living at Auden Albany

AudenAlbany.com

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Completed in the summer of 2018, Auden Albany became the most cutting-edge student housing project in Albany, New York. It only took 14 months to complete the entire project while ensuring quality. The occupancy rate was 100%.

Auden Albany enjoys a superior geographic location. It is currently one block away from SUNY Albany and just 10 minutes away from shopping areas. Led by DMG Investments, the Auden Student Housing project has a total construction area of 203,000 square feet, which provides 322 bedrooms.

Graduate/professional Faculty/staff

D M G I N V E S T M E N T S — COMPANY PROFILE

Adaptive reuse

Project Data

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Location: Albany, New York No. of Beds: 322 No. of Units: 106 Year of Opening: 2018

Country club living at Auden Upstate

Auden Upstate is close to the University of South Carolina Upstate Campus. The student housing project is a one-minute walking distance from the campus and five minutes walking distance from the college student center. The school’s bus station is only five minutes away, and students can take the bus to the downtown area. There are seven buildings, and each building has four floors in total, covering the construction area of 211,000 square feet.

Recognized by Universities

“Built right off the Spartanburg campus and designed for students — helps the university focus on its academic priorities” Dr. Brendan Kelly USC Upstate Chancellor

AudenUpstate.com

Graduate/professional Faculty/staff Adaptive reuse

Project Data

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Location: Spartanburg, South Carolina No. of Beds: 486 No. of Units: 170 Year of Opening: 2020

Investments Highlights

Convenient living at Auden Houston

AudenHouston.com

Auden Houston is located in the Houston downtown business district, close to Texas Southern University, the University of Houston, and Rice University. With a convenient location and access to transportation, Auden Houston is in high demand.

D M G I N V E S T M E N T S — COMPANY PROFILE

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Targeting the Student Housing Market, Auden Houston contains 306 rooms with amenities, including an outdoor pool, a gym, a pool room, an outdoor BBQ space, a resident lounge, and other property management services specialized for the student market. As a community with exceptional amenities and customer service, Auden Houston is a popular rental project in the Houston Student Housing Market.

Mixed-use

Project Data

Urban infill

Location: Houston, Texas

Graduate/professional Faculty/staff

—

No. of Beds: 306 No. of Units: 162 Year of Opening: 2001 — 2018

Amenity living at Auden Buffalo

AudenBuffalo.com

Project Data

Auden Buffalo is adjacent to the University at Buffalo. It takes only 4 minutes to get to campus from Auden Buffalo by shuttle bus and 12 minutes to visit the shopping centers. Auden Buffalo is in a great neighborhood with well-equipped living facilities, stores, and business centers. Both bus stations and highways surround the campus, and multiple trains connect Buffalo to different cities across the country.

Auden Buffalo is fully equipped with a meeting room, study room, computer lab, gym, swimming pool, high-speed WIFI in common spaces,

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Urban infill

Location: Buffalo, New York

Graduate/professional

No. of Beds: 481 No. of Units: 154 Year of Opening: 2021

Faculty/staff Adaptive reuse

bike room, and many other personalized facilities. Each room is fully furnished with a private bathroom, in-unit washer/dryer, full kitchen with stainless steel appliances and marble counters. Auden Buffalo provides a comfortable living experience for students to balance study and entertainment.

Investments Highlights

Nature living at Auden Ithaca

Auden Ithaca provides 273 rooms to the students.

Located within walking distance of Cornell University and only minutes from shopping and dining hot spots, the Commons, beautiful parks, and downtown nightlife, residents have prime access to the best of everything Ithaca has to offer. Its convenient location enriches the life of local students.

AudenIthaca.com

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“Auden Ithaca has become a member of our Auden Student Housing Brand, and we are committed to providing an elevated living experience for students, as well as preserving the interests of our investors. DMG is already undertaking a major renovation project at the property to further improve the quality and style of all apartments.”

Jacky He

D M G I N V E S T M E N T S — COMPANY PROFILE

CEO, DMG Investments

Graduate/professional Faculty/staff Transit-oriented Renovation

Project Data

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Location: Ithaca, New York No. of Beds: 273 No. of Units: 94 Year of Opening: 1988 — 2019

Investments Highlights

Historic living at Frederick Lofts

FrederickLoftsApts.com

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D M G I N V E S T M E N T S — COMPANY PROFILE

The Frederick Lofts is located in the Pabst Brewery district in downtown Milwaukee. This historic neighborhood is the home to many independent and local breweries. Frederick Lofts prime location is convenient for downtown businesses, restaurants, bars, retail shopping, the Milwaukee Area Technical College, and Marquette University.

Frederick Lofts is a luxury rental building and provides 100 units, including 77 one-bedroom, 20 two-bedrooms, and three work/live lofts. Amenities include outdoor and underground parking spaces, a fitness center, a club room, and an outdoor rooftop deck that has striking views of Milwaukee Bay and the city.

Transit-oriented Adaptive reuse

Project Data

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Location: Milwaukee, Wisconsin No. of Units: 100 Year of Opening: 2016

Luxury living at Arabella

Situated next to the River Oaks District, Arabella is a world renowned High-Rise condominium with 33 floors, 99 units.

Arabella accommodates 14 penthouse duplexes with stunning panoramic views of the Houston skyline. Arabella is a custom residential space targeting high net-worth purchasers. Every architectural detail reflects of luxurious and elegant lifestyle, from the stunning entrance facade to the spectacular lobby and tastefully designed interiors.

Arabella offers its residents a comprehensive amenity package, including an indoor swimming pool, gym, sauna, fireplace, outdoor BBQ space, and private wine cellar. Most units have balconies and private elevator entries. Penthouses with heated floors and private swimming pools crown the top floors.

Mixed-use

Transit-oriented

Urban infill

Luxury Complex

Project Data

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Location: Houston, Texas No. of Units: 99 Year of Opening: 2018

Investments Highlights

One Park Condos Luxury Condominiums

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D M G I N V E S T M E N T S — COMPANY PROFILE

One Park, located at New Jersey’s Gold Coast, is elevated 240 feet above ground level, which provides an unobstructed panoramic view of the Hudson River and Manhattan skyline.

The 14-story residential building has a total construction area of 409,029 square feet. It is designed by the New Jersey based architectural firm, Architectura.

Project Data

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Location: Cliffside Park, New Jersey No. of Units: 204 Year of Opening: 2018

“This is one of the most unique sites along the New Jersey Gold Coast as our clifftop location maximizes our natural surroundings and dramatic views span the Hudson River and NewYork City skyline” Jacky He, CEO — DMG Investments LLC

Urban infill Transit-oriented Luxury Complex Adaptive reuse OneParkCondosNJ.com

Curated Photography D M G I N V E S T M E N T S — COMPANY PROFILE

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Conor Sexton Taken on January, 2020 City Hall Park | New York, NY

At DMG Investments, we have always been at the forefront of innovation in the student housing industry. Whether it’s modernizing existing residence complexes or developing new ones, DMG has the knowledge, experience, and flexibility to thrive and substantially differentiate in the marketplace.

Our uniqueness stands in our ability to offer a full gamut of management solutions, including marketing, leasing, rent collection, facilities maintenance, custodial, asset management, and student programming.

Christian O'Lone

Vice President of Asset Management

Student Housing

Harnessing the power of our team to modernize an industry.

Student Housing Approach

Simple & Transparent

1. We Invest

We believe in

We have formed strategic partnerships with debt and equity investors throughout the world. We combine our own capital with our partners’ capital, and together we invest in world-class real estate.

› Effective asset management

› Design and sustainability

31 2. We Develop We use in-house market research, project underwriting, land acquisition, design and pre-construction services, and construction management to ensure that we invest in the right deals and consistently deliver projects with excellence.

3. We Manage We manage the ongoing leasing, budgeting, operations, maintenance and social programming for our residential communities to ensure that our residents are satisfied and our investments perform at peak levels in the long-term.

4. We Partner D M G I N V E S T M E N T S — COMPANY PROFILE

› Data-driven approaches

Our goal is to invest in, develop, and manage real estate that serves as the pillars of community growth – places where people live, work, and play. We work closely with the communities we serve to build student housing and multi-family.

› Accuracy, and schedule › Long-term partnerships

700million 5+

off-campus communities

over10

university partnerships

“We are thrilled to enter new markets and expand in existing ones” Jacky He, CEO — DMG Investments LLC

“Strong partnerships are the lifeblood of DMG, which is why each partnership is led by a committed team from concept to completion” Jeff Amengual, COO — DMG Investments LLC

student housing assets under management

9 years +

of off-campus development and management

D M G I N V E S T M E N T S — COMPANY PROFILE

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Student housing facts

Student Housing

DMG's role in community growth is via full-service real estate investment, development, and long-term management.

By the numbers

5

Operating in Five Markets

4

Student Housing Assets

532

Units Count

1,387

Beds Count

1

New Markets Pipeline

3

New Assets Pipeline

435

Units Pipeline

1,016

Beds Pipeline

What we do in-house

Budget Management & Lease Administration

Operations & Resident Management

New Development Services

› Strategic oversight › Recurring internal audits › Revenue management

› Business plan & financial management › Property staff training › Residence life program › Reputation management › Incident/risk management

› Market studies › Product-market test analysis › Pre-leasing strategy › Branding & initial marketing plan › Pre-leasing office design & build-out

Marketing & Leasing

Accounting Services

› Website management › Staff leasing traning › CRM tools and services › Social media, PPC, SEO mgmt. › Custom design work › On-site sales support › Brand management

› Operating budgets › Monthly financials & reforecasts › Collections › Lease audits › Accounts payable

dmginvestments.com/studenthousing

Partnerships

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Leveraging a global ecosystem of leading partners.

At DMG, we engage with our global ecosystem of leading business partners to assist in solving their toughest challenges.

We identify those partners who can best serve the sectors we operate in by creating innovative, value-added custom solutions.

Unique Partnerships

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Through our strategic partners' network, we unlock new value sources as well as optimize existing value streams. It helps us develop new business models, automate processes to boost performance, and enter new global markets.

D M G I N V E S T M E N T S — COMPANY PROFILE

dmginvestments.com/partnerships

“Delivering tailored propositions in the banking, development, and strategic planning sectors�

Ariel Hai SVP of Finance and Acquisition

Closing Statement

Final word JACKY HE — CHIEF EXECUTIVE OFFICER

“I do hope you enjoy this edition of The Company Profile. As always, my colleagues and I are keen to support and guide you.”

As I noted in my introduction, we build long-term relationships that enable us to provide personalized, clear, and considered investment advice on all areas of property in every key market.

We believe that our inspired teams naturally provide excellent and dedicated expertise, which is why we have seamlessly created a working environment where opinions are respected and given the opportunity to contribute to our business's success. At DMG, excellence is recognized and rewarded. The result? A motivated team dedicated to ensuring that your experience with us is the best it can be.

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To summarize, developing our company profile for the past nine years has undoubtedly been a significant highlight of my time at DMG Investments. Firstly, because the feedback we get from our investors and internal teams suggests that they find it incredibly useful, which is always gratifying. And secondly, because the process of compiling every edition has given our firm a broader perspective on company growth.

D M G I N V E S T M E N T S — COMPANY PROFILE

I hope you feel that The Company Profile delivers on our commitment to excellence. Your feedback, thoughts, and ideas are always appreciated.

dmginvestments.com/people

Contacts

Contacts

Publications

For all investments enquiries please contact

For all student housing enquiries please contact

Ariel Hai +1 (646) 930-0212 arielhai@dmginvestments.com

Christian O'Lone +1 (603) 841-0564 ChristianOLone@dmginvestments.com

The Company Profile is just one of a series of publications and reports published by DMG Investments throughout the year. Subscribe at the URL below to receive our publications, either by email or post:

For all marketing enquiries please contact

For all marketing enquiries please contact

David Ramos +1 (646) 930-0211 davidramos@dmginvestments.com

David Ramos +1 (646) 930-0206 davidramos@dmginvestments.com

Student housing market report Q4

Our response to Coronavirus COVID-19

Updated: March 10, 2020

Updated: March 10, 2020

Document intended to provide insight and best practices rather than specific advice.

Document intended to provide insight and best practices rather than specific advice.

dmginvestments.com/publications DMG

I N V E S T M E N T S

CONFIDENTIAL AND PROPRIETARY: Any use of this material without specific permission of DMG Investments is strictly prohibited

DMG

I N V E S T M E N T S

CONFIDENTIAL AND PROPRIETARY: Any use of this material without specific permission of DMG Investments is strictly prohibited

Important notice Š 2021. All rights reserved.

The company profile is produced for general interest only; it is not definitive and is not intended to give advice. It must not be relied upon in any way. Although we believe that high standards have been used in the preparation of the information, analysis and views presented in The company profile, no responsibility or liability whatsoever can be accepted by DMG Investments for the contents. As far as applicable laws allow, we do not accept responsibility for errors, inaccuracies or omissions, nor for loss or damage that may result directly or indirectly from reliance on or use of its contents. Readers should not take or omit to take any action as a result of the information in The Company Profile. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from DMG Investments LLC for the same, including, in the case of reproduction, prior written approval of DMG Investments LLC to the specific form and content within which it appears. In preparing The Company Profile, DMG Investments does not imply or establish any client, advisory, financial or professional relationship, nor is DMG Investments or any other person providing advisory, financial or other services. The Company Profile is compiled from information contributed by various sources including DMG Investments.

Engage with us If you’d like to get in touch with us, please email info@dmginvestments.com. We’re online at dmginvestments.com/contact and on LinkedIn, and you can listen to our startegies by listening to our podcast, PANORAMA. Download our app and gain access to DMG Insights and our entire ecosystem.

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