1. Private Placement Memorandum 3726 Connecticut Avenue NW Sedgwick Gardens Located in Cleveland Park submarket of Washington, D.C. Multifamily property consisting of 118 Units Built in 1932 5 stories 137,808 SF Construction Material: Masonry Elegant Lobby with 24-Hour Concierge Desk; Managed By Daro Realty Amenities: Card Key Access, Dishwasher, Gated, Hardwood Floors, Laundry Facilities, On-Site Property Manager, Storage Units 30 Surface Parking Spaces; 15 Garage Spaces

2. 3726 Connecticut Avenue NW Value-Add Opportunities: Rooftop Deck Upgraded Key Card Access Renovate Hallways Add Washer/Dryer to units Modernize Kitchens and Bathrooms Upgrade flooring Problem Areas: No Rooftop Deck No Washer/Dryer in Apartments Outdated Hallways Only minor cosmetic kitchen upgrades Bathrooms are severely outdated Old hardwood tile flooring No central air conditioning Laundry facilities in basement Only some units with dishwashers

3. 3726 Connecticut Avenue NW Other Characteristics: 2013 Assessed Value: $21,700,400 Average Vacancy: 7.0% (according to CoStar) # of UnitsBedBathAvg. Unit SizeRent/Month 2701335$1,500 - $1,600 7611644$1,700 - $2,300 1422957$2,800 1321466$4,000