INVESTMENT HIGHLIGHTS

RealEstateTaxAbatement:

We are joint venturing with Texas-based governmental agencies to purchase the “League City Package”, consisting Amalfi & Sorrento at Tuscan Lakes. The land will be owned by the respective agency, and ground leased back to the joint venture on a 99-year term. This partnership results in the properties qualifying for a property tax exemption. 50% of the units at both properties will be income and rent restricted in exchange for receiving a 100% property tax abatement. This creates inherent value on day one of ownership.

WorkForceHousing:

The United States is facing an unprecedented need for workforce, or middle income, housing. Workforce housing targets those earning between 60% and 120% of AMI who are often priced out of growing markets. These partnerships provide workforce housing in the communities that need it most. Coupling significant demand for workforce housing and lower restricted rents, The League City Package should outperform on occupancy. We are conservatively projecting between 7.00% vacancy on the market rate units throughout the hold to remain in line with the property’s historical operations; however, with this high demand and limited supply for workforce housing, we believe operations will improve. 9 PublicBenefit:

Deal is highly investor-friendly and cash flow positive, but is also unique in the public benefit that is offer to communities. These type of jointventures create and provide affordable workforce housing in highly desirable submarkets. This provides housing for essential workers so that they can continue serving their growing communities (think police officers, nurses, teachers, etc.)

AttractiveFinancing:

The League City Package benefits from superior financing due to its affordable nature. This gives Post access to greater loan proceeds, more interest only payments, and a lower interest rate from lenders.