Smartland Fund 16 - 7% Preferred Return / 17% IRR

[Tom Ott]

Past performance or projections may not be indicative of future results; there is no assurance that objectives will be met.

Executive Summary The 800 Place Apartments* is a conveniently located apartment community minutes from Cleveland, Ohio, with immediate access to some of the largest employers in the area. Over the past decade, the apartment community has been mismanaged resulting in deteriorating units that suffer an array of maintenance and infrastructure issues that have turned into a unique, low risk, high reward, value-add opportunity that requires a hands-on operator to maximize the value of this asset. With many attractions and employment opportunities within a short drive of The 800 Place Apartments, this property possesses all of the traits necessary to rebuild a once flourishing multifamily community. A comprehensive $18,000,000 capital improvement program will be implemented upon acquisition and will include customary high-quality SMARTLAND unit improvements including new luxury vinyl flooring, modern kitchen cabinets, stone countertops, Alexa enabled smart units, stainless steel appliances and remodeled bathrooms. Along with the newly renovated and upgraded units, SMARTLAND will also make renovations to the multiple parking garages, roofs, boilers, elevators, and lighting. Capital Request To execute the planned resurgence of The 800 Place Apartments, SMARTLAND is seeking $10,698,137 in equity investment from Accredited Investors. The investor terms are as follows: 7% - Class A Preferred Return Minimum Investment: $250,000 80/20 Equity Split until 15% Net IRR 70/30 Equity Split after 15% Net IRR is achieved 9% - Class B Preferred Return Minimum Investment: $1,000,000 80/20 Equity Split This offering is for accredited investors only. Investment in the fund will require third party verification of accreditation status.