PIA Residential Fund I Sundance Creek

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%

Sundance Creek Townhomes

Executive Summary

Sundance Creek is unique in the immediate market for exclusively offering townhome-style living,
creating a distinct residential experience. Additionally, all units present untapped potential for
value-add upgrades, given that they currently maintain their original condition, making this an ideal
candidate for a comprehensive renovation strategy. Sundance Creek is well located and priced
relatively affordable, and there currently is no meaningful supply pipeline under construction or in
the planning phase in the submarket. McDonough lies within Atlanta’s major logistics growth
corridor that connects the Atlanta airport to the port of Savannah, the fourth largest in the nation,
and provides convenient access to more than 400,000 jobs.

Why Invest in US Multifamily

Historically resilient asset class with stable occupancy

Favorable demographic and lifestyle trends

Continued strong demand and limited supply of attainable housing in target markets

Effective hedge against inflation with annual rent adjustments

Become a PIA Investor

PIA’s objectives are to preserve capital, produce consistent cash yields, and generate attractive risk-adjusted returns for its investors. We achieve this by carefully building a diversified portfolio of multifamily investments through PIA Residential Fund I, LP