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THE HAMILTON [PREMIER APARTMENTS]

NASHVILLE, MSA 232 UNITS | 1985 BUILD

Vikram Raya

CEO / Founder

Ravi Gupta

COO / Founder

TABLE OF Executive Summary Financial Analysis Property Description

Location Overview Portfolio & Performance

Executive

SUMMARY

T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

Investment

SUMMARY

Viking Capital presents The Hamilton, a 232-unit multifamily community located in Hendersonville, Tennessee—one of Nashville’s most desirable and supply-constrained submarkets. Known for its top-rated schools, high household incomes, and limited new construction, Hendersonville offers exceptional rent growth potential fueled by robust tenant demand. Originally built in 1985, The Hamilton has benefited from significant upgrades, including full interior renovations (2020) and new roofs (2024), minimizing near-term CapEx and enhancing operational stability. The property boasts strong tenant demand, a meaningful rent-to-own delta, and a consistent track record of high occupancy, positioning it for continued appreciation. Previously owned by a reputable nationwide institutional group, The Hamilton was acquired by Viking Capital off-market through our trusted seller relationships—at a discount to the originally marketed pricing. This exclusive sourcing not only secured favorable acquisition terms but further strengthens the investment's value proposition. Offered with an assumable 4.89% fixed-rate loan, The Hamilton provides investors with rare access to stable, low-interest financing in today’s volatile rate environment, enhancing immediate cash-flowing potential in a market poised for sustained growth.

WHY WE LOVE THIS DEAL PRIME LOCATION Located in Nashville MSA - Hendersonville—an affluent, supply-constrained submarket with A-rated schools and growing renter demand—The Hamilton is positioned in one of the most stable areas in the Southeast. LIMITED NEW CONSTRUCTION AND ORGANIC RENT GROWTH

With limited new construction, strong demographics, and consistent organic rent growth, the area is primed for sustained rent increases over time. CASH-FLOW FROM DAY ONE

High historical occupancy, previous institutional ownership with a reputable nationwide firm, minimal CapEx needs, and a 4.89% fixed-rate loan assumption position The Hamilton as a stable, risk-adjusted investment in today's challenging yield environment. RENT-TO-OWN GAP CREATES DEMAND MOAT

The rent-to-own delta in this area makes renting the more attractive option, which reinforces strong tenant retention and supports long-term rental growth— especially in a volatile interest rate environment. MAXIMIZED RETURNS: 70% LTV allows efficient leverage, enhancing equity returns with minimal capital investment.

CAP RATE(T-12)

6.17%

EXPENSE RATIO (T12)

36%

PHYSICAL OCCUPANCY

97%

DSCR YR 1

1.50

DSCR AVG.

1.65

PURCHASE PRICE

$41,250,000

HOLD PERIOD

4 YEARS

EQUITY

$17,700,000

LP CLASS A

$ 1,800,000

LP CLASS B

$11,450,000

RESERVE CLASS

$4,445,000

THE HAMILTON Hendersonville, TN

232 UNITS 151,954 RENTABLE SF

11.5 ACRES

1985

YEAR BUILT

655 AVG UNIT SF 21.8

UNITS PER ACRE

Executive

SUMMARY

T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

(2020) and new roofs (2024) minimize near-term CapEx. 97%+ occupancy reflects strong, stable tenant demand. Institutional-quality asset

Install washer/dryers (+$30/unit rent premiums) Execute organic rent increases to boost NOI Burn off the loss-to-lease over time Own below replacement cost with durable cash flow Optimize expenses and streamline operations Minimal CapEx risk with recent renovations

with professional management and low deferred maintenance. Favorable supply-demand dynamics support longterm value. Efficient unit mix drives retention and steady cash flow.

FINANCIAL 4.89% fixed rate- well below current market rates. 70% LTV for positive leverage Stable, low-interest financing in a volatile rate environment Enhanced cash-flow potential in a market poised for sustained growth Hendersonville's limited supply supports long-term rent growth and property appreciation.

LOCATION

ASSET

Fully renovated interiors

Located in Hendersonville, TN—one of Nashville’s most desirable, supplyconstrained suburbs. The top-rated school district and strong demographics attract long-term, highquality tenants, helping reduce delinquencies and support stable occupancy. Limited new supply creates a high barrier to entry and supports continued rent growth Positioned in the path of progress with expanding infrastructure and economic development across the Nashville MSA.

BUSINESS plan R E B R A N D

F U R T H E R

P R O P E R T Y

U P D A T E S :

Optimize Property Management | Collections Burn Off Loss to Lease Update Exterior Amenities Evaluate Opportunities for Optimization Take Advantage of Natural Appreciation with Organic Rent Growth in Supply Constrained Market

PROPERTY SUMMARY

UNIT MIX

Year Completed

1985

Total Units

232

Average Unit Size (SF)

655 SF

Physical Occupancy

97%

Avg. In Place Rents

$1,269

Avg. Market Rents

$1,647

Units Primed for Light Upgrade

232 $378 Rent Delta

Description

# Units

% Mix Avg SF

Avg Rent

Rent/S F

1 BR / 1 BA

186

81%

605

$1,220

$2.02

2 BR / 2 BA

19%

858

$1,468

$1.71

Total / Avg.

232

100%

655

$1,269

$1.96

Return A three-tiered return structure gives investors options when placing their equity. Investors have the ability to invest in either tier of equity Class A, Class B, Reserve Class, or a combination of Class A and Class B. Diversifying in both A and B classes allows for a risk-adjusted, blended return.

THREE-TIERED EQUITYStructure Allows Investors to Match Investment Goals

Prioritized Cash Flow

7% Preferred Return

8% Preferred Return

10% Preferred Return

70/30 Profit Share

80/20 Profit Share

MINIMUM INVESTMENT

$50,000

$500,000

CAPITAL STRUCTURE $4.45M

$11.45M

$1.8M

$28.25M

LP: RESERVE

Purchase Loan Amount Total Equity

$41,250,000 $28,250,000 $17,700,000

LP: CLASS B

LP: CLASS A DEBT

LP Equity Pref. Hold Period Equity Multiple Avg. CoC AAR

$1,800,000 10% 4 Years 1.4x 10% 10%

$11,450,000 7% 4 Years 1.6x-1.8x 5.25% 15%-20%

$4,445,000 8% 4 Years 1.7x-1.9x 5.25% 17.5%-22.5%

$100,000 INVESTMENT returns INVESTOR Annual Percent Return Annual Distribution

Year 1

Year 2

Year 3

Year 4

10%

$10,000

Equity Split

$140,000

Total Expected Return Including Return of Principal ($100k)

Annual Percent Return Annual Distribution

5.5%

$5,000

$5,500

Equity Split (70/30)

$44,000

Total Expected Return Including Return of Principal ($100k)

$165,000

Annual Percent Return Annual Distribution

5.5%

$25,000

$27,500

Equity Split (80/20) Total Expected Return Including Return of Principal ($500k)

$245,000 $850,000

SENSITIVITY analysis CLASS B

Cap Rates

Exit Price

IRR

Equity Multiple

AAR

5.10%

$62,293,089

16.67%

1.78x

19.40%

5.20%

$61,095,145

16.03%

1.74x

18.47%

5.30%

$59,942,406

15.41%

1.70x

17.59%

5.40%

$58,832,362

14.80%

1.67x

16.73%

5.50%

$57,762,682

14.20%

1.64x

15.91%

5.60%

$56,731,206

13.61%

1.60x

15.12%

5.70%

$55,735,922

13.04%

1.57x

14.35%

5.80%

$54,774,957

12.26%

1.53x

13.34%

FOUR YEAR HOLD

SENSITIVITY analysis RESERVE CLASS

Cap Rates

Exit Price

IRR

Equity Multiple

AAR

5.10%

$62,293,089

17.87%

1.85x

21.17%

5.20%

$61,095,145

17.25%

1.81x

20.25%

5.30%

$59,942,406

16.65%

1.77x

19.36%

5.40%

$58,832,362

16.06%

1.74x

18.51%

5.50%

$57,762,682

15.48%

1.71x

17.69%

5.60%

$56,731,206

14.91%

1.68x

16.89%

5.70%

$55,735,922

14.36%

1.65x

16.13%

5.80%

$54,774,957

13.81%

1.62x

15.39%

FOUR YEAR HOLD

Financial

ANALYSIS

T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

LOAN AMOUNT

$28,250,000

LOAN TO VALUE

70% LTV

INTEREST RATE

4.89%

FIXED OR ADJUSTABLE

Fixed- Freddie Mac

AMORTIZING PERIOD

*Subject to change before closing

The 4.89% fixed-rate loan ensures low, predictable interest costs in a volatile market. 70% LTV allows efficient leverage, enhancing equity returns with minimal capital investment. A locked-in low interest rate protects cash flow and insulates against rate hikes, while conservatively underwriting without the need for significant rate cuts.

INCOME

Gross Potential Income

3,828,575

3,945,025

4,065,017

4,188,658

- Loss to Lease

(149,639)

-3.9%

(57,434)

-1.5%

(29,590)

-0.7%

(20,943)

-0.5%

- Vacancy

(117,189)

-3.1%

(118,351)

-3.0%

(121,950)

-3.0%

(125,660)

-3.0%

0.0%

- Models, Office, Employee Units

(22,634)

-0.6%

(23,670)

-0.6%

(24,390)

-0.6%

(25,132)

-0.6%

- Bad Debt

(22,897)

-0.6%

(19,725)

-0.5%

(20,325)

-0.5%

(20,943)

-0.5%

Effective Gross Rental Income

3,516,216

3,725,845

3,868,761

3,995,980

Other Income

554,273

571,132

588,504

606,404

Washer/Dryer

28,703

92,812

103,380

106,525

4,099,192

4,389,789

4,560,645

4,708,908

- Concessions

Total Net Income EXPENSES

/unit

Real Estate Taxes

164,435

709

167,388

722

170,401

734

273,332

1,178

Insurance

128,991

556

131,594

567

134,251

579

136,960

590

Contract Services

46,906

202

47,853

206

48,818

210

49,804

215

Electric

38,110

164

38,879

168

39,664

171

40,464

174

Water and Sewer

139,999

603

142,824

616

145,707

628

148,648

641

Trash Removal

22,911

23,373

101

23,845

103

24,327

105

Other Utilities

41,561

179

42,400

183

43,256

186

44,129

190

Management Fee

112,728

486

120,719

520

125,418

541

129,495

558

Repairs and Maintenance

117,264

505

119,631

516

122,046

526

124,509

537

General/Admin

105,538

455

107,668

464

109,841

473

112,058

483

Advertising and Leasing

46,906

202

47,853

206

48,818

210

49,804

215

Payroll

375,246

1,617

382,820

1,650

390,547

1,683

398,430

1,717

Total Expenses

1,340,594

5,778

1,373,003

5,918

1,402,612

6,046

1,531,961

6,603

Net Operating Income (NOI)

T-12

$2,550,857

*Subject to change before closing- 5.5% exit cap rate assumption - $630k NOI increase

32.7%

31.3%

30.8%

32.5%

$2,758,598

$3,016,786

$3,158,033

$3,176,948

$11.5M VALUE INCREASE*

PROFORMA

Property

INFORMATION T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

Property INFORMATION Overview

Property Construction Overview

Foundation

Slab on grade

Exterior Walls

Wood siding, brick veneer

Roof Construction

Pitched

Address

100 Windsor Park Lane

Roofing System

Asphalt shingles replaced 2024

Year Built

1985

Windows

Double pane windows in aluminum frames

Number of Units

232

Exterior Doors

Wood doors

Total Square Feet

151,854 sq feet

Patio Doors

Sliding glass doors

Average Unit Size

655 sq ft

Living Room Floors

Vinyl plank on first floor, carpet on second floor

Site Size

11.3 Acres

Kitchen & Bath Floors

Vinyl plank

Density

.9 Units Per Acre

Bedroom Floors

Vinyl plank on first floor, carpet on second floor

Ceiling Material

Sheetrock

Ceiling Height

8' 0"

Unit Fire Protection

Smoke detectors

Fire Protection

Fire extinguishers

HVAC

Split system HVAC with pad mounted condensers

Heating

Furnace units located in each unit's mechanical closet

Plumbing

Copper

Parking Parking Spaces

220

Leasing Fees Dog Rent

$25

Piping

PVC, cast iron waste

Cat Rent

$25

Water Heater

Individual 40-gallon tanks in each unit

Dog Fee

$350

Washer & Dryer

W/D connections in all units, 67 units with machines

Cat Fee

$350

Admin Fee

$10

COMMUNITY

Amenities

Resort-Inspired Swimming Pool w/ Sundeck Outdoor Grilling Area

Modern Fitness Center

Tennis Court

Bark Park Onsite Resident Laundry Care Center

Mix

UNIT 1 Bedroom 186 Units - 81%

2 Bedroom 46 Units - 19%

RESIDENT CLUBHOUSE

BUSINESS CENTER

OUTDOOR POOL AREA

UNIT Interiors Washer & Dryer Hookups In All Units Courtyard Units* Hardwood Style Flooring Wood Burning Fireplaces Stainless Steel Appliance Packages Granite Countertops Spacious Closets Private Patio or Balconies w/ Additional Storage Full-Size Washer & Dryers** *6 Cottage Units **In 67/232 Units, Connections in All Units

ONE BEDROOM

TWO BEDROOM

Floor

PLANS

RENT COMPARABLES

The Hickory at Indian Lake 1

The Luxe at Indian Lake Village 2

The Point at Waterford Crossing 3 The Grande at Indian Lake 4 Marina Pointe Hendersonville 5 The Grove at Waterford Crossing 6 MAA Indian Lake 7

THE HAMILTON

[PREMIER APARTMENTS]

RentCOMPARABLES REACH COMPARABLES

RENT COMPARABLES

All Located in Hendersonville, TN

The Hamilton

The Hickory at Indian Lake

The Luxe at Indian Lake Village

The Point at Waterford Crossing

The Grande at Indian Lake

Marina Pointe Hendersonville

The Grove at Waterford Crossing

MAA Indian Lake

Mkt. Unit Count

232

212

200

120

222

252

Year Delivered

1985

2024

2016

2015

1985

2010

Occupancy

97%

0% (Lease Up)

94.7%

93.7%

99.0%

99.4%

97.6%

97.4%

Avg. Mkt. Unit Size

655

953

930

1,269

1,135

1,006

927

Avg. Mkt. Unit Rent

$1,269

$1,953

$1,754

$1,536

$1,652

$1,620

$1,574

$1,439

Avg. Rent Per SF

$1.87

$2.05

$1.89

$1.21

$1.46

$1.61

$1.70

$1.55

Units (#)

186

108

Market Rent

$1,182

$1,774

$1,575

$1,466

$1,449

$1,399

$1,425

$1,375

Sq Ft

605

716

750

771

838

854

841

783

Rent Per Sq Ft

$1.95

$2.48

$2.10

$1.90

$1.73

$1.64

$1.69

$1.76

104

102

104

114

180

Market Rent

$1,415

$2,139

$1,870

$1,604

$1,699

$1,654

$1,716

$1,465

Sq Ft

858

1154

1085

1082

1204

1333

1163

984

Rent Per Sq Ft

$1.65

$1.85

$1.72

$1.48

$1.41

$1.24

$1.48

$1.49

1BR

2BR Units (#)

RentCOMPARABLES

ONE BEDROOM

$1,605

UPSIDE RENT COMPARISON

$1,449

EFFECTIVE RENT COMPARISON

$1,953 $1,748 $1,647

$1,495

$1,242 THE HAMILTON

The Grande at Indian Lake (Top Comp)

Comp Set Average

$1,652

The Hickory at Indian Newer Lake (Top Newer Construction Construction Comp) Comp Set Average

TWO BEDROOM

$2,139

$1,269 THE HAMILTON

$1,871 Comp Set Average

The Grande at Indian Lake (Top Comp)

The Hickory at Newer Indian Lake (Top Construction Comp Set Newer Construction Comp) Average

$1,699

$1,735

$1,449

$378 DELTA

THE HAMILTON

The Grande at Indian Lake (Top Comp)

Comp Set Average

The Hickory at Indian Newer Lake (Top Newer Construction Construction Comp) Comp Set Average

FLOORPLAN ANALYSIS

$1,774

WHY

Hendersonville:

ONLY

IS ONE OF THE MOST SUPPLY-CONSTRAINED MARKETS IN THE NASHVILLE MSA

UNITS

in the 2025 PIPELINE

Donelson/Hermitage HENDERSONVILLE Maury County West Nashville Sumner County Southeast Nashville Wilson County Williamson County Rutherford County Central Nashville

5,000

10,000

15,000

20,000

25,000

Replacement

COSTS

Finding well-positioned, entitled sites is becoming harder than ever. Meanwhile, replacement costs have risen so sharply that rents would need to exceed average new construction submarket rents by nearly 27% just to hit a mid-6% return on cost.

THE COMPETITIVE ADVANTAGE COMPONENT

PER RENTABLE SF

TOTAL COSTS

Land

$53

$8,120,000

$265

$40,269,400

$99

$15,080,000

DIRECT REPLACEMENT COSTS

$418

$63,469,400

Developer / Risk Profit

$84

$12,693,880

GROSS REPLACEMENT COSTS

$501

$76,163,280

Hard Costs Soft Costs

RENTS REQUIRED TO JUSTIFY NEW START

$2,466

Submarket

OVERVIEW

T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

HENDERSONVILLE

STRONG SUBMARKET

Hendersonville,Tn

DEMOGRAPHICS 5-MILE RADIUS

RENTER OCCUPIED HOUSING

WHITE COLLAR JOBS

AVG. HOUSEHOLD INCOME

[PREMIER APARTMENTS]

1.2 Miles

1.4 Miles

0.2 Miles

2.1 Miles

Maple Row Shopping Center

Merchant Pointe Shopping

Hazel Path Commons Shopping

Drakes Creek Park

FOOD Raising Canes Dutch Bros Half Batch Bluegrass Grill Zaxby’s BEAUTY Planet Fitness FitRev Training Gold’s Gym

HOME Walmart Aldi Home Depot GNC Lowes PetSmart Kroger Verizon Firestone Publix

NEARBY ATTRACTIONS

THE HAMILTON

200+

1,050

EMPLOYEES

4,000+

GALLATIN

1,523

125

EMPLOYEES

$1 BILLION

DATA CENTER

1,500+

EMPLOYEES

NEW JOBS

800

750

1,000

650+

EMPLOYEES

200+

ACRES

EMPLOYEES

(Location is not Employer location)

400+

HENDERSONVILLE

175+

EMPLOYEES

800+

NEW JOBS

900+

EMPLOYEES

MT. JULIET

M M UT

LOCATION OVERVIEW

(Location is not Employer location)

EMPLOYEES

TE U IN M 25

DOWNTOWN NASHVILLE 150K+ JOBS

800+

EMPLOYEES

250+

EMPLOYEES

500+

400

EMPLOYEES

600+

EMPLOYEES

1,500+

EMPLOYEES

625

EMPLOYEES

LEBANON

OLD HICKORY LAKE luxury recreational area

PATH OF

Growth

EXPANSION OF EMPLOYMENT AND AMENITIES

GALLATIN

HENDERSONVILLE

MADISON SQUARE

THE GOAT FARM

MUSIC CITY STUDIOS

RIVER NORTH

AS THE URBAN CORE CONTINUES TO EXPAND EAST, THE SUMNER COUNTY SUBMARKET IS IDEALLY POSITIONED FOR CONTINUED SUCCESS.

DUE WEST DEVELOPMENT

THE RIVERSIDE NASHVILLE

NEW DEVELOPMENTS

$5.742

BEST SCHOOL DISTRICT IN THE NASHVILLE MSA

Louisville

CLOSE PROXIMITY TO

170 Miles to Louisville

Nashville

20 Miles to Downtown Nashville

Knoxville

180 Miles to Knoxville

Greater area

OVERVIEW

T H E

H A M I L T O N | 1 9 8 5 N A S H V I L L E M S A

nashville #10 fastest growing city

Real Estate Investment

Place to Visit for Leisurely Travel

Growth in the working age population

Best City to Watch

OVERALL REAL ESTATE 2023 PROSPECTS: INVESTMENT & DEVELOPMENT RATINGS

2 3

4 5 6

FOR THE 3RD YEAR IN A ROW

Nashville

2022

2023

2024

2 #3

2019

2020

2021

4 #5 5 #6 6

7 8

METRO TO WATCH

RANK

#7 7

9 10

8 2016

2017

2018

R E N T

V S

B U Y

Nashville

AVERAGE HOME PRICE

$535,000 NATIONAL AVERAGE: $419,200

27%

AVERAGE MONTHLY RENT

$2,050

ABOVE

NATIONAL AVG.

NATIONAL AVERAGE: $1,577

AFFORDABILITY GAP

$1,052

30%

ABOVE

NATIONAL AVG.

10M

2M 1910

1920

1930

1940

1950

1960

1970

1980

1990

2000

2010

2020

2030

2040

2050

2060

Tennessee Resident and Projected Population, 1910-2070

2070

nashville #8 PERCENT GRWOTH BETWEEN 2020 AND 2025

7% 6% 5% Decreased

3% 2% 1% 0%

Austin

Dallas

San Antonio Orlando

Charlotte

Tampa

Houston

MAJOR U.S. METROPOLITAN AREAS

Nashville

Phoenix

Atlanta

Increased +3%

+6%

+9%

NASHVILLE A WORKER & BUSINESS FRIENDLY CITY

UNMATCHED +15,000 PERMANANT NASHVILLE JOBS

A for Nashville’s economic growth Expected to drive of high-income jobs to the area

Expanding in the Urban Core

3 MILLION SF FACILITY + 5,000 JOBS

IN VISITOR SPENDING

MUSIC CITY CENTER

RYMAN AUDITORIUM

GRAND OLE OPREY

SCHERMERHORN SYMPHONY CENTER

MUSIC HALL OF FAME

Total Employment (Millions)

1.1

1.0

0.9

-3%

0.8

-6% 16

Employment

Y-O-Y Percent Change

Year-Over-Year Percent Change

1.2

EMPLOYS 8,000

EMPLOYS 10,000

EMPLOYS 38,000

EMPLOYS 1,800

EMPLOYS 8,500

EMPLOYS 38,000

EMPLOYS 9,000

MAJOR

HUBS

AMAZON

EMPLOYS 7,000

NISSAN EMPLOYS 7,300

STATE GOV EMPLOYS 11,700

DELL

VANDERBILT

ORACLE

EMPLOYS 39,500

EMPLOYS 54,000

EMPLOYS 10,837

KROGER EMPLOYS 1,700

#4 LARGEST

COMMUNITY HEALTH SYSTEM

ASCENSION SAINT THOMAS MEDICAL ASURION CENTER

CHRISTUS SANTA ROSA HOPSITAL

HCA HEALTHCARE

TN METRO SCHOOL DISTRICT

JOB GROWTH IN THE US BRIDGESTONE

BELMONT UNIVERSITY

TENNESSEE STATE UNIVERSITY

8,753 Student Enrollment $610 Economic Impact

#6 Regional University in the South Named 2020 Billboard Top Business School

VANDERBILT UNIVERSITY

LIPSCOMB UNIVERSITY

#14 Ranked University in the U.S. 12,592 Students Enrollerd $9.5 Billion Economic Impact

4,642 Student Enrollment $72 Million Economic Impact

nashville

of local population hold bachelor's degree or higher

Student Destination in 2019

Students Enrolled Annually

Colleges & Universtiies

of students stay in Nashville after graduation

HIGHER EDUCATION

OF THE SOUTH

Between 2019 and 2024

Tristar Centennial Medical Center

Vanderbilt University Medical Center

Ascension Saint Thomas Midtown Hospital

Gl bal Mall AT THE CROSSINGS $44 MILLION INVESTMENT

nashville’s

CMA

Festival

$2.1 BILLION INVESTMENT

INVESTMENT 232 1985 97% 1.8x 15-20% HIGHLIGHTS NASHVILLE, MSA UNITS

Year Built

Occupancy

AAR

Equity Multiple

THE HAMILTON [PREMIER APARTMENTS]

LEARN MORE MULTIFAMILY INVESTMENT OPPORTUNITY

OPEN TO ACCREDITED INVESTORS

THE HAMILTON [PREMIER APARTMENTS]

PORTFOLIO and PERFORMANCE

CASH FLOW

TAX ADVANTAGES

EQUITY

DIVERSIFICATION

APPRECIATION

Viking Capital was founded in 2015 and has become a premier multifamily investment firm with agile investment sourcing, structuring, execution, and asset management capabilities and the flexibility to scale and cater to investor preferences. Through its team of acquisitions, asset management, and disposition experts, Viking Capital invests in tier one, secondary, and tertiary markets across the United States.

6,290

VIKING CAPITAL

CYCLES OF EXPERIENCE

Current Units Owned

# of Units

Rates & Supply

6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 200 0

Economic Downturns

PHEONIX, AZ DFW, TX NASHVILLE, TN AUSTIN, TX ATLANTA, GA

COVID-19

HOUSTON, TX

VIKING EXPANSIONS

SAN ANTONIO, TX SOUTH BEND, IN WASHINGTON, DC

DALLAS, TX AUSTIN TX ATLANTA, GA

2015

2017

2018

2020

2021

2022

2023

2024

2025

VIKING CAPITAL TEAM

Vikram Raya CEO, Co-Founder

Ravi Gupta COO, Co-Founder

Amir Nassar Investor Relations Manager

Judah Fuld VP of Acquisitions

Samantha Parrinello Growth Marketing Manager

Chris Parrinello VP of Investor Relations

Charitee Boyd Asset Management Associate

Ed Monarchik Director of Asset Management

Amber Butler Investor Concierge

Ashley Penrod Director of Marketing

Alicia Berry Graphic & Web Design Specialist

Julia Livingston Operations Manager

Hayden Walters Investor Relations Associate

Kelly DiCocco Finance Manager

Jack Johnson Acquisitions Analyst

CURRENT & PREVIOUS PROJECTS

Property

Sold/Current

Market

Units

Purchase Price

Wildcreek

Sold 2018

Atlanta, GA

242

$22,250,000

Villas of South Cobb I

Sold 2018

Atlanta, GA

188

$17,782,494

Villas of South Cobb II

Sold 2018

Atlanta, GA

152

$15,317,506

Ascent at Riverdale I

Sold 2019

Atlanta, GA

118

$7,600,000

Ascent at Riverdale II

Sold 2019

Atlanta, GA

$5,900,000

The Hills at East Cobb

Sold 2021

Atlanta, GA

266

$35,000,000

Towne Oaks Townhomes

Sold 2021

Tyler, TX

$7,000,000

Reserve at Walnut Creek

Sold 2022

Austin, TX

284

$36,300,000

The Avery

Sold 2022

Dallas, TX

304

$41,000,000

Estates at Las Colinas

Sold 2022

Dallas, TX

415

$61,750,000

Park Village Apartments

Current

Dallas, TX

350

$31,350,000

The Hype

Current

Atlanta, GA

$6,700,000

Veritas at East Cobb

Current

Atlanta, GA

192

$25,800,000

The Grifﬁn

Current

Washington, DC

$19,300,000

Marbella Place

Current

Atlanta, GA

368

$55,000,000

Elevate Twenty-Three

Current

Atlanta, GA

222

$41,000,000

Elevate on Main

Current

South Bend, IN

400

$76,000,000

Elevate at the Pointe

Current

Atlanta, GA

181

$37,000,000

Elevate at Huebner Grove

Current

San Antonio, TX

210

$26,000,000

Kings Cove

Current

Houston, TX

192

$34 ,000,000

Elevate Woodstock

Current

Atlanta, GA

120

$19,600,000

Elevate Eagle’s Landing

Current

Atlanta, GA

167

$39,250,000

Elevate Greene

Current

Atlanta, GA

252

$57,250,000

Park 33

Current

South Bend, IN

188

$33,250,000

Stewart’s Mill

Current

Atlanta, GA

188

$28,200,000

Dawson Forest

Current

Atlanta, GA

268

$52,000,000

Villas At Sundance

Current

Austin, TX

252

$36,800,000

Avondale Hills

Current

Atlanta, GA

240

$58,500,000

The Townhomes at Bluebonnet Trails

Current

DFW, TX

114

$35,200,000

Peoria Gateway

Current

Phoenix, AZ

200

$62,100,000

6,290

1,024,200,000

TOTAL

EXITS AND PERFORMACE

Hold Period

Units

Avg. Annualized Return to LP Investors

Wildcreek

3.25 Years

242

20%

Villas of South Cobb I

2.5 Years

188

19%

Villas of South Cobb II

2.5 Years

152

19%

Ascent at Riverdale I

2 Years

118

38%

Ascent at Riverdale II

2 Years

38%

The Hills at East Cobb

3 Years

268

10%*

Reserve at Walnut Creek

3 Years

284

35%

Estates at Las Colina's

3 Years

415

24%

The Avery

4.5 Years

304

20%

2,033

Avg. 24%

Property

Total

CURRENT ASSETS UNDER MANAGEMENT Property

Units

Purchase Price

Equity Raise

Closing Date

Peoria Gateway

200

$62,100,000

$18,700,000

2026

Avondale Hills

240

$58,500,000

$18,600,000

Dec-24

The Townhomes at Bluebonnet Trails

114

$35,200,000

$16,900,000

Dec-24

Villas at Sundance

252

$36,800,000

$14,800,000

June-24

Dawson Forest

268

$52,00,000

$14,500,000

April-24

Stewart’s Mill

188

$28,200,000

$16,500,000

Dec- 23

Park 33

188

$33,250,000

$15,300,000

Sept- 23

Elevate Greene

252

$57,250,000

$34,000,000

Mar-23

Elevate Eagle's Landing

167

$39,250,000

$22,400,000

Dec-22

Elevate Woodstock

120

$19,600,000

Fund Asset

Aug-22

Kings Cove

192

$34,000,000

Fund Asset

Apr-22

Elevate at Huebner Grove

210

$26,000,000

Fund Asset

Mar-22

Elevate at the Pointe

181

$37,000,000

$11,500,000

Dec-21

Elevate on Main

400

$76,000,000

$20,700,000

Sept-21

Elevate Twenty-Three

222

$41,000,000

$11,000,000

Jun-21

Marbella Place

368

$52,700,000

$19,110,000

Jan-21

The Griffin

$19,300,000

$7,716,000

Jul-20

Veritas at East Cobb

192

$25,800,000

$11,250,000

Dec-19

The Hype

$6,000,000

$2,000,000

April-19

CURRENT PROPERTIES PEORIA GATEWAY

AVONDALE HILLS

Phoenix, TX

Asset Class

2026

Year Constructed

200

No. of Units

$62.1M

Purchase Price

Asset Class

2022

Year Constructed

240

No. of Units

1988

Year Constructed

188

No. of Units

$28.2M Purchase Price

Purchase Price

Asset Class

ELEVATE AT PARK 33

2020-2021 Year Constructed

114

No. of Units

B+

Asset Class

2018

Year Constructed

188

No. of Units

53.2M

Purchase Price

ELEVATE GREENE

South Bend, IN

Atlanta MSA, GA

$58.5M

$33.25M Purchase Price

AUSTIN/ SAN ANTONIO TX

Asset Class

2012

Year Constructed

252

No. of Units

2005

Year Constructed

252

No. of Units

$57.25M Purchase Price

$36.8M Purchase Price

Atlanta MSA, GA

B+

Asset Class

1998

Year Constructed

268

No. of Units

Atlanta, GA

B+

Asset Class

2006

Year Constructed

176

No. of Units

$39.25M Purchase Price

$52M

Purchase Price

ELEVATE WOODSTOCK

ELEVATE EAGLE’S LANDING

Atlanta, GA

Asset Class

ELEVATE AT DAWSON FOREST

VILLAS AT SUNDANCE

Dallas-Fort Worth, TX

Atlanta MSA, GA

ELEVATE AT STEWARTS MILL

Asset Class

THE TOWNHOMES AT BLUEBONNET TRAILS

Atlanta, GA

Asset Class

1986

Year Constructed

120

No. of Units

$19.6M Purchase Price

ELEVATE AT HUEBNER GROVE

KINGS COVE

Houston, TX

Asset Class

2007

Year Constructed

192

No. of Units

$34M

Purchase Price

ELEVATE AT THE POINTE

Atlanta, GA

San Antonio, TX

Asset Class

1981

Year Constructed

210

No. of Units

$26M

Purchase Price

Asset Class

B+

1999

Year Constructed

368

No. of Units

$52.7M Purchase Price

181

No. of Units

$37M

Purchase Price

Asset Class

2010

Year Constructed

No. of Units

B+

Asset Class

2000

Year Constructed

400

$76M

$19.3M

Smyrna, GA

Purchase Price

No. of Units

Asset Class

Atlanta, GA

Marietta, GA

Asset Class

1980

Year Constructed

192

No. of Units

$25.8M Purchase Price

1986

Year Constructed

THE HYPE

VERITAS AS EAST COBB

Purchase Price

ELEVATE TWENTY-THREE

Southbend, IN

Washington, DC

Stockbridge, GA

Asset Class

1969

Year Constructed

THE GRIFFIN

MARBELLA PLACE

ELEVATE ON MAIN

Asset Class

1960

Year Constructed

No. of Units

$12M

Purchase Price

222

No. of Units

$41.1M

Purchase Price