Tailwind Income Fund I

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TAILWIND INCOME FUND I

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TABLE OF CONTENTS Summary of Opportunity for the Investor........................................................... 1 Fund Highlights....................................................................................................................... 2 Identified Pipeline & Structure..................................................................................... 3 Fund Structure & Identified Investment Pipeline............................................ 4-7 Tailwind Group Senior Leadership............................................................................ 8 Tailwind Group Track Record....................................................................................... 9 Contact........................................................................................................................................ 10 Disclaimer.................................................................................................................................. 11

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TAILWIND INCOME FUND I SUMMARY OF OPPORTUNITY FOR THE INVESTOR The Tailwind Group is excited to introduce the Tailwind Income Fund I. This fund will focus on value-add student housing opportunities, which remain the cornerstone of the Tailwind portfolio. Tailwind Income Fund I offers accredited investors a unique opportunity to diversify their portfolios, with the potential to achieve an annual return of 10%. By investing in multiple real estate assets, at a level which is preferred in structure, this fund provides built-in diversification, unlike investing in a single real estate asset. We are confident that the Tailwind Income Fund I will play a key role in driving the continued growth and success of our portfolio, thanks to our high conviction and thematic investment strategy in the value-add student housing sector.

Investment Type

Preferred Equity

Fund Investment Term

3 years, with two additional 1-year extension options

Preferred Return

10.0% annual rate of return on initial investment

Estimated Fund Size

$25,000,000 to $35,000,000

Investment Classes

Class A: up to $15,000,000 (minimum $2,000,000 investment) Class B: up to $20,000,000 (minimum $100,000 investment)

Class A Profit Opportunity

Class A receives 85% of fund excess profit

Annual Asset Management Fee*

0.25%

Liquidity

Investors may request partial return of capital annually (subject to terms and conditions)

*Fee paid to sponsor calculated on total capital contributed

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FUND HIGHLIGHTS

CAPITAL STACK

INVESTMENT STRATEGY

• Generate strong cash on cash returns through Preferred Equity & mezzanine debt investments • Maximize total income over a rolling 3 – 5 year time horizon • Diversification in Assets: 4 - 7 projects • Liquidity Flexibility

WHY PREFERRED EQUITY & MEZZANINE DEBT

Senior Debt

• Protection Priority over common equity in the capital structure

• Demand Tighter bank lending standards; lower initial loan to value • Project Type Value-Add Projects provide ability to refinance and repay investment

PURPOSE OF FUND

• Refinancing Provide capital to projects refinancing debt

• Property Improvement Provide capital to assets needing capital improvement

Tailwind Income Fund Preferred Equity or Mezzanine Debt

• Acquisition Capital Provide capital to acquire new Tailwind assets

BLENDED TAX TREATMENT

• Tax impact varies depending upon underlying investments • If investment as Preferred, taxed as capital gains

• If investment as unsecured notes, taxed as ordinary income (interest income) COMMON EQUITY

INVESTMENT CRITERIA

• Tailwind Sponsored Projects • Value-Add Student Housing • Investment Size: $5M - $10M

• Income Fund Distribution: 10% • Term: 3 - 5 years

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IDENTIFIED PIPELINE & STRUCTURE Investors

Tailwind Income Fund I

Altitude Columbus

Ohio State University *Note Structure Investment

The Quarters Huntsville

The Quarters Auburn

Sam Houston State University *Preferred Equity Investment

Auburn University *Note Structure Investment

COMING SOON! The Lofts Morgantown

Future Project

West Virginia University *Preferred Equity Investment

*Preferred Equity Investment

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TAILWIND INCOME FUND I FUND STRUCTURE & IDENTIFIED INVESTMENT PIPELINE

Investment Type

Preferred Equity or Unsecured Debt

Investment Duration

3 - 5 years

Rate Paid to Fund

10% - 14% annual rate of return on investment

Investment Size

$5,000,000 to $10,000,000 per investment

Real Estate Strategy

Refinancing / Acquisition

Real Estate Type

Value-add Student Housing

Number of Investments

4-7 Investments

Priority

Investments are priority in nature-above comon equity

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INVESTMENT PROPERTY OVERVIEW

Current Property Name

The Commons on Kinnear

1150 Kinnear Rd, Columbus, OH

No. Units

166

University / Total Enrollment Distance to Campus

Capital Need - Note Structure

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Altitude COLUMBUS - Ohio State University

Address

No. Beds

E X C E E D

534

Ohio State University / 51,944 0.2 Mi

$8,000,000

VALUE-ADD UPSIDE After completion of the $8,000,000 renovation, Commons on Kinnear will have freshly renovated units that will align them competitively with the market, creating a luxurious space for prospective tenants.

Prior management has underperformed for several years now. Tailwind looks to implement our high-end management strategy to rejuvenate the property, rebuilding a community that’s been in desperate need of reparations. Upon acquisition, Tailwind will rebrand the property to Altitude Columbus

2025 NATIONAL CHAMPIONS

Ohio State University (OSU) is a world-renowned public research university located in Columbus, Ohio. Founded in 1870, it is one of the largest universities in the United States, with a diverse student body of over 51,000 students across its undergraduate, graduate, and professional programs. The university is also home to a vibrant athletics program, particularly its powerhouse football team, which has won multiple national championships.

#1 Columbus, Ohio is the fastest growing metropolitan area in the Midwest #4 Largest four-year college campuses

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INVESTMENT PROPERTY OVERVIEW

Current Property Name

The Beacon

1255 South College Street, Auburn, AL

No. Units

180

University / Total Enrollment Distance to Campus

Capital Need - Note Structure

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THE QUARTERS AUBURN - Auburn University

Address

No. Beds

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576

Auburn University / 28,856 0.8 Mi

$5,000,000

VALUE-ADD UPSIDE After completion of the $2,000,000 renovation, The Beacon will have a brand-new fitness center and refreshed amenity spaces providing a luxurious common area for tenants.

Along with renovations, Tailwind will implement an initial mark-to-market rent strategy while leveraging strategic leasing & management practices to achieve significant year over year rent growth. Upon acquisition, Tailwind will rebrand the asset to The Quarters Auburn.

Auburn University, located in Auburn, Alabama, is a prestigious public research university known for its commitment to academic excellence, innovation, and community engagement. Auburn is one of the oldest institutions of higher learning in the state and has grown into a nationally recognized university with over 28,000 students.

#1 University in Alabama (U.S. News & World Report, 2024) TOP 25 Colleges with the best student life in America A C Q UISIT ION

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INVESTMENT

The Connection

Address

2537 Pine Shadows Drive Huntsville, TX

No. Units

288

No. Beds

University / Total Enrollment Distance to Campus

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THE QUARTERS HUNTSVILLE - Sam Houston State University

PROPERTY OVERVIEW

Current Property Name

E X C E E D

792

Sam Houston State / 15,161

Capital Need - Class A - Preferred Equity

0.6 Mi

$4,000,000

VALUE-ADD UPSIDE

After completion of the $3,110,000 renovation, The Connection will have a brand-new fitness center and refreshed amenity spaces providing a luxurious common area for tenants.​ Prior management has underperformed for several years now. Tailwind looks to implement our high-end management strategy to rejuvenate the property, rebuilding a community that’s been in desperate need of reparations. Upon acquisition, Tailwind will rebrand the asset to The Quarters Huntsville.

2020 NATIONAL CHAMPIONS

Sam Houston State University (SHSU), located in Huntsville, Texas, is one of the oldest universities in the state, established in 1879. As part of the Texas State University System, it has grown into a prominent institution with over 18,000 students enrolled in a wide variety of academic programs.

18,000+ Students 23% Increase in Freshman Class

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OWNERSHIP GROUP KYLE SMITH

Founding Principal ksmith@thetailwindgroup.com

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LANDON SMITH

MICHAEL SATHER

Founding Principal lsmith@thetailwindgroup.com

Principal & Chief Investment Officer msather@thetailwindgroup.com

SENIOR LEADERSHIP

BRANDON SMITH

President & Chief Executive Officer bsmith@thetailwindgroup.com

CASEY PETERSEN

Chief Operating Officer cpetersen@thetailwindgroup.com

JACOB OURADNIK

KRYSTAL PIERCE

Chief Financial Officer jouradnik@thetailwindgroup.com

Chief Investor Relationsip & General Counsel kpierce@thetailwindgroup.com

INVESTOR RELATIONS

JON FAHNING

VP, Investor Relations kpierce@thetailwindgroup.com

BRYCE ANDREWS

Investor Relations Associate bandrews@thetailwindgroup.com

BETSY THEIL

ALYSSA KOSTA

Investor Communications Specialist btheil@thetailwindgroup.com A C Q UISIT ION

Investor Relations Administrator akosta@thetailwindgroup.com |

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TAILWIND GROUP TRACK RECORD Tailwind Group and its partners have exited on nearly $300M student housing real estate since inception, generating an overall 2.1x equity multiple and an average internal rate of return (IRR) of 34%.

PROPERTY

UNIVERSITY

HOLD PERIOD

DISTRIBUTIONS

ROI ANNUALIZED

LEVERED IRR

EQUITY MULTIPLE

Quarters Tallahassee

Florida State University

2 Yrs

$22,206,318

39%

36%

1.7x

Quarters Ames

Iowa State University

5 Yrs

$16,167,367

10%

8%

1.5x

The Grand at Rum Creek

University of Alabama

3 Yrs

$15,195,204

12%

13%

1.4x

Quarters Columbia

University of Missouri

1 Yrs

$13,123,286

65%

62%

1.8x

The Reserve on Perkins

Oklahoma State University

1 Yrs

$9,788,887

53%

48%

1.4x

Quarters Laramie

University of Wyoming

5 Yrs

$8,339,694

14%

34%

1.6x

College Station

Minnesota State University

8 Yrs

$5,058,000

31%

52%

3.4x

The Edge Mankato

Minnesota State University

4 Yrs

$1,477,351

40%

29%

2.7x

Quarters Bloomington

Indiana University

2 Yrs

$21,030,274

14%

17%

1.3x

College Town Mankato

Minnesota State University

9 Yrs

$19,083,706

24%

24%

3.2x

College Town Oxford

University of Mississippi

3 Yrs

$41,729,142

58%

55%

2.8x

2.1X EQUITY MULTIPLE AVERAGE INTERNAL RATE OF RETURN (IRR) OF 34% A C Q UISIT ION

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DISCLAIMER NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES PLEASE CAREFULLY READ THE FOLLOWING TERMS BEFORE REVIEWING THIS INVESTMENT SUMMARY (“Summary”). All persons reviewing the Summary expressly agree to the foregoing disclaimer as a pre-condition to reviewing this Summary for any purpose whatsoever.

The information on this Summary is for informational purposes only and is not an offering of or a solicitation to purchase securities or otherwise make an investment.

Securities may only be offered or sold pursuant to registration of securities or an exemption therefrom using offering documents and sales of securities will be limited strictly to those persons who are qualified as “accredited investors” as defined in Regulation D promulgated under the United States Securities Act of 1933. Material information is detailed in the offering documents, including, but not limited to, risk factors.

Everything communicated by Tailwind Group, Inc. and its affiliates and agents, regardless of whether it is written, spoken, recorded audio or video, is intended for education and informational purposes only. All comments are solely the opinion of the presenter. Regardless of whether spoken or written, nothing shall be considered as giving investment advice, an offer, or solicitation, to buy and/or sell any type of investments products or securities. Prior to making any investment you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment.

All information contained herein is provided “as is,” and Tailwind Group, Inc. and its affiliates each expressly disclaim making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. In no event shall Tailwind Group, Inc. or its affiliates be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data. The information in this Summary has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the presentation and the information contained herein and no reliance should be placed on it. Information in this Summary (including market data and statistical information) has been obtained from various sources (including third party sources) and Tailwind Group, Inc. and its affiliates do not guarantee the accuracy or completeness of such information. All projections, valuations and statistical analyses are provided for information purposes only. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and to the extent they are based on historical information, any they should not be relied upon as an accurate prediction of future performance.

No action has been or will be taken to permit an offering of securities in any state where action would be required for that purpose. In considering any prior performance information presented on this Summary, bear in mind that past performance does not indicate future results, and that there can be no assurance that comparable results will be achieved by Tailwind Group, Inc. or its affiliates. Moreover, any such past performance information is subject to, and should be reviewed in light of the assumptions accompanying that information. The use of terms such as higher, above average, safe or successful, express the opinion of Tailwind Group, Inc. and are not a promise or guarantee for any possible investment performance or safety of principal.

The sketches, renderings, graphics materials, plans, specifications, terms, conditions and statements contained in this Summary are proposed only, and Tailwind Group, Inc. reserves the right to modify, revise or withdraw any or all of the same in its sole discretion and without prior notice.

Tailwind Group, Inc. as well as the logos and marks included on the Summary that identify services and products, are proprietary materials. The use of such terms and logos and marks without the express written consent of Tailwind Group, Inc. is strictly prohibited. Copyright in the pages of the Summary, and in the information and material therein, is proprietary material owned by Tailwind Group, Inc. unless otherwise indicated. The unauthorized use of any material on the Summary may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, or trade secret laws.

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