Introduction Appointed CEO upon formation of HomeRiver Group (“HRG”) Andrew L. Propst MPM®, RMP®, CPM® Chief Executive Officer Appointed CEO upon formation of HomeRiver Group (“HRG”) Managing properties for 17+ years for three property management companies Joined Park Place Property Management as President and part-owner in 2008. Helped grow that company from 150 doors in 2008 to 4000+ doors today. Member of NARPM® National Board of Directors since 2010 serving in multiple capacities before becoming NARPM® National President in 2015 AKA “DJ WAFFLZ”

Company Overview Holding company for mid-size and large regional property management companies specializing in single family rentals and small, two- to four-unit (townhouses and condos), multi-family rentals. Build-up of regional operators specializing in SFRs to create a national 3rd- party PM company in U.S. with initial operations in Florida, Idaho, Tennessee, North Carolina, and Indiana Principal services to owners include full-service PM, leasing, maintenance, sales/brokerage and construction (rehab).

Ten Locations, five states, 8000 doors

Capital Partner Strong values Invest in service based industries Realogy Roll-up

Go Forward Strategy Platforms – Acquire mid-to-large size property management firms across the country, keeping senior management in place. Unique equity rollover opportunity (part of purchase price paid in HRG shares) to keep operators engaged, while diversifying risk via a national platform and deferring taxes till ultimate exit Portfolio – Acquire management contracts of existing companies; empower local operators to make multiple portfolio acquisitions annually. Branding – Rebrand local companies as HRG; roll out national website and marketing Best Practices – Identify and apply regional best practices across the national footprint Centralization – Capitalize on synergies and economies of scale throughout the country Investment Management – Provide investment and management advice, and potentially capital to investors