1. SIGNATURE/DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE

2. Presented by: Ward Katz & Jerry Miller Co- Managing Members Signature/DRS Fund I 7171 W. 95 th St. Suite 220 Overland Park, KS 66212 Phone: 913-563-4500 Email: info@signaturedrsfunds.cominfo@signaturedrsfunds.com www.signaturedrsfunds.com Ward Katz Phone: 913-955-2904 Email: ward@signaturedrs.com Jerry Miller Phone: 913-563-4518 Email: jerry@signaturedrs.com Real Estate Multifamily Rental Investment Opportunity Fund SIGNATURE/DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE

3. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE  Signature/DRS Fund I is a joint venture between two experienced and successful real estate firms, DRS Management & Signature Property Management, to develop and manage Signature/DRS FUND I. The Fund will focus on acquiring, repositioning, managing and selling multifamily properties in Kansas City, Dallas, Denver, St. Louis & Phoenix.  Management has over 60 years of Real Estate Investment and Management Experience.  DRS Management & Signature Property Management have developed, acquired and syndicated over $175 Million in more than 25 separate real estate transactions  DRS Management & Signature Property Management have overseen the management of 65 apartment communities and over 9,000 units, and currently manage 15 property communities and over 3,000 units  The existing combined portfolio of DRS Management & Signature Property Management consists of apartment communities, condominiums and home associations in three states SIGNATURE / DRS FUND I COMPANY OVERVIEW

4. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE 1) Signature/DRS Fund I was formed to:  Offer accredited investors the opportunity to participate with the sponsor of the Fund by combining resources for the acquisition, management and sale of a portfolio of a diverse apartment properties. 2) The offering’s goal is to provide:  An investment structure with low font-end costs where the sponsor is compensated only after a preferred return is distributed to investors. 3) To add value to the investment:  Sponsors will utilize their professional management staffs to reposition the properties through refinancing, better marketing and management or cost– effective physical upgrades. SIGNATURE / DRS FUND I FUND OBJECTIVE

5. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE IDENTIFY Identify multi-family properties where there is a value-added opportunity, a distressed asset or otherwise performing property where the management has an existing presence, market knowledge and experience. IMPROVE Improve and reposition properties through financing, cost-effective physical upgrades and improvements in marketing and leasing. SELL Increase value, stabilize property and sell the property for an anticipated profit while providing current income along the way.  The Fund will invest 100% of the equity required in a project to own a 100% interest in the project.  The Fund will deploy a percentage of its capital in joint ventures where the Fund can control a disproportionately larger ownership interest than the percentage share of equity invested in a particular project.  Utilizing a combination of these two investment platforms, the Fund believes that it will be able to greatly leverage its investments and acquire between $35MM and $45MM in assets, thus providing diversification, reducing risk and enhancing overall returns to the Fund. SIGNATURE / DRS FUND I FUND BUSINESS MODEL

6. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE SIGNATURE / DRS FUND I INVESTMENT PARAMETERS  To Provide Real Estate Investors with a quality, proven real estate investment & management company with a compelling vision. Company Philosophy Asset Type Company Objective Fund Target Return Asset Size in Dollars Asset Size in Units Assets Location  To Acquire 3 properties over the next 2 years.  100 – 250 Units per property  $7.5MM - $15MM  30% IRR (before fund expenses and splits)  Kansas City, Denver, Dallas, St. Louis, Phoenix Leverage Per Asset  Apartment Buildings  Class B & C Properties  70%-75%

7. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE 5 Year Analysis Investment Amount $ 100,000 Percentage Equity Interest1.43% Cash Flow Category1/1/201512/31/201512/31/201612/31/201712/31/201812/31/2019TOTALS Capital Contribution$ (100,000) Preferred Return $ - $ 8,000 $ 40,000 Return of Capital $ - $ 100,000 LP/Sponsor Split $ - $ 7,236 $ 8,227 $ 9,259 $ 10,336 $ 6,398 $ 41,4568 Capital Event Distribution $ - $ 82,241 Total $ (100,000)15,23616,227 $ 17,259 $ 18,336 $ 196,639 $ 263,697 Cumulative Cash Returned $ (100,000) $ 15,236 $ 31,463 $ 48,723 $ 67,059 $ 263,697 IRR26.0% Annual Return(Capital & Income) 15.2%16.2%17.3%18.3%14.4% Multiple254% * Past performance is not indicative of future results. ** This is a sample return and actual results may vary. See PPM for risks of Investment. SIGNATURE / DRS FUND I SAMPLE INVESTMENT SCENERIO

8. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE APARTMENT CYCLES AND FUND STRATEGY THE FUND TARGET

9. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE  Much has been written and spoken about the upswing in renters who no longer view home ownership as an investment, who want the flexibility of renting and/or cannot obtain financing for a home purchase. It is commonly believed that rental demand for mid-market apartment product will not keep pace with supply.  With rental demand for apartments continuing to firm up, institutional investors are purchasing and developers are building Class A apartments at a record pace. Management believes that the apartment cycle is rapidly approaching hyper supply and that the time to purchase well located Class B/C apartments at a reasonable price is on the horizon. Our criteria are those Class B/C properties that are ripe for repositioning through management, financing and/ or rehabilitation  The financing of many transactions, particularly 5-7-10 year deals will be facing maturity resulting in buying opportunities. Sellers and commercial brokers are looking to buyers who have ample funds and borrowing capacity to move quickly and close. The motivation for raising funds for purchase of undesignated projects but meeting specific investment criteria is to demonstrate to the sellers and brokers that the fund can move rapidly to contract and close and thus assure an early look at all opportunities. APARTMENT CYCLES AND FUND STRATEGY CONTINUED DEMAND and OVERSUPPLY

10. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE U.S. Construction of New Apartments 2001-2007average 301,000 units/year 2009163,000 units 2012104,500 units 2013195,000 units 2014300,000 units 2015 (projected)413,000 units

11. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE Kansas City Construction of New Apartments Existing inventory132,500 units Under construction and pipeline8,000 units Average annual absorption1,500 units Projected years supply5.3 years

12. SIGNATURE /DRS FUND I PRIVATE EQUITY FUND I REAL ESTATE 5 Year Analysis Investment Amount $ 100,000 Percentage Equity Interest1.43% Cash Flow Category1/1/201512/31/201512/31/201612/31/201712/31/201812/31/2019TOTALS Capital Contribution$ (100,000) Preferred Return $ - $ 8,000 $ 40,000 Return of Capital $ - $ 100,000 LP/Sponsor Split $ - $ 7,236 $ 8,227 $ 9,259 $ 10,336 $ 6,398 $ 41,4568 Capital Event Distribution $ - $ 82,241 Total $ (100,000)15,23616,227 $ 17,259 $ 18,336 $ 196,639 $ 263,697 Cumulative Cash Returned $ (100,000) $ 15,236 $ 31,463 $ 48,723 $ 67,059 $ 263,697 IRR26.0% Annual Return(Capital & Income) 15.2%16.2%17.3%18.3%14.4% Multiple254% * Past performance is not indicative of future results. ** This is a sample return and actual results may vary. See PPM for risks of Investment. SIGNATURE / DRS FUND I SAMPLE INVESTMENT SCENERIO

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