Executive Summary $3.25MM offering Class A Equity Projected 54.67% - - PowerPoint PPT Presentation

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VIRTUA 99th

A Potential Value Add Investment Opportunity

• $3.25MM offering Class A Equity
• Projected 54.67% IRR
• Anticipated 36 month term
• Proposed Purchase Price of $1.76

per square foot

• Located in Phoenix MSA
• Planned Mixed-Use Development
• Horizontal Development Play
• 4 Parcels Pre-Sold to Virtua

Affiliates

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Executive Summary

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Conceptual Site Plan

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The Location

University of Phoenix Stadium Banner Estrella Hospital Costco

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The Location

99th Avenue & Encanto Blvd, Avondale, AZ

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Opportunity and Business Plan

101 Freeway Banner Estrella Hospital 99th Avenue Virtua 99th

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Opportunity and Business Plan

Business Plan

• Obtain all necessary entitlements
• Sub-divide and sell parcels to others over a 12-36 month period
• Agreement on Senior Debt of $2,250,000
• Sell Parcel #2 for $10.00/SF within one year of closing to an Affiliate of Virtua
• Sell Parcel #3 for $8.00/SF within one year of closing to an Affiliate of Virtua
• Sell Parcel #4 for $10.00/SF on or before the third anniversary of closing to an Affiliate of Virtua
• Sell Parcel #7 for $7.00/SF on or before the third anniversary of closing to an Affiliate of Virtua

Parcel #1—Medical Office Parcel #2—Hotel Parcel #3—Apartments North Parcel #4—Apartments South Parcel #5—Retail Parcel #6—Restaurant Parcel #7—Townhomes Parcel #8—Clustered SFR

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Exit Analysis

Parcel # Land Use Square Footage

• Approx. Acreage

$/SF Value 1 Medical Office 165,528 3.80 $8.00 $1,324,224 2 Hotel 130,680 3.00 $10.00 $1,306,800 3 Apartments North 357,192 12.00 $8.00 $4,181,760 4 Apartments South 522,720 8.20 $10.00 $3,571,920 5 Retail 117,612 2.70 $10.00 $1,176,120 6 Restaurant 60,984 1.40 $12.00 $731,808 7 Townhomes 339,768 7.80 $7.00 $2,378,376 8 Clustered SFR 862,996 19.81 $5.00 $4,314,980 Total 2,557,480 58.71 $7.42 $18,985,988

• Purchase price of $1.76/SF
• Average Anticipated exit value of $7.42/SF
• Exit values based on Sponsors’ view of current

market conditions

• Table below shows a breakout of anticipated per

parcel sales prices

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Capital Stack

Anticipated Capital Stack

Senior Financing: $2,250,000 Equity Capital: $3,250,000 Acquisition Deposit: $50,000 Parcel 2, 3, 4, & 7 Deposits: $565,000 Total Capitalization: $6,115,000

Senior Financing Equity Capital Acquisition Deposit Parcel 2, 3, 4, & 7 Deposits

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Principals & Management Team

Lloyd W. Kendall Jr. Chairman of Virtua Partners Quinn Palomino Principal of Virtua Partners, Versant, Clear Vista Management, Quyp Development Matt Mueller President Versant Commercial Brokerage Derek Uldricks President Virtua Capital Management Nick Montague VP Finance Versant Commercial Brokerage

Deal Sourcing Capital Markets Sponsorship Asset Management Investor Relations

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Corporate Organization

Horizontal Development Vertical Development Vertical Development Fund Management Investor Relations

• Projected close October 20, 20161
• Anticipated 54.67% IRR
• Projected hold period of 36 months
• Real Estate Portfolio Diversification: Short Term Equity Growth
• Offering: $3,250,000
• $25,000 minimum investment
• Sponsor co-invest 5%+/-2
• 7% commission available
• 1. Sponsors have the right, in their sole discretion, to extend the offering until January 13, 2018
• 2. Sponsors have the right, but no obligation, to invest in this Offering.

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Investment Summary