Invest in PIA Residential Fund I

PIA Residential Fund I

Fund Overview and Investment Profile

Target Net Average CoC Return

6% - 8%

Target Net Fund IRR

12% - 14%

Fund Structure

Target Fund Size

$60 – $100 Million

Minimum Investment

$200,000

Investment Period

2 years from initial close*

Anticipated Fund Life

5 – 7 years

GP Commitment

5% up to $3 Million

*Subject to a six month extension

Investment Targets

Number of Investments

3 – 5 properties

Property Size

100 – 400 units

Project Cost

$25 – $70 Million

Equity per Project

$10 – $30 Million

Average Leverage

60% – 70%