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Institutional Net Lease Fund, Summary Information
1. Net Lease Real Estate
EGM Income & Growth Fund V
EGM
EQUITY GLOBAL MANAGEMENT
Investing in Properties Essential to the Operations of Investment Grade Tenants
Overview Current Opportunity
EGM Income & Growth Fund V, LLC (“EGM V”) is a real estate Depressed construction costs, rents, and a recovering market give
fund that focuses on investing net leased assets, or properties under EGM V the opportunity to invest at an attractive basis while
long term leases, with built-in rental growth where the investment targeting risk adjusted spreads over 50% higher than historic
grade corporate tenant agrees to pay for all the operating expenses average.(1)
of the property. The long-term lease and investment grade tenant
generate predictable secure cash flow, the opportunity for superior (1) (1)
risk adjusted returns, and limit exposure to market fluctuations. Today 2022
EGM V will invest through: direct acquisitions, sale-leaseback Over 3.75%
50% 5.85%
transactions, and build-to-suit investments. EGM V seeks to create (risk adjusted spread) Normalizes
higher (risk adjusted spread)
bond-like cash flow distributions and the potential for significant than
capital appreciation. average Rental Rates
for New Increasing
Rental Rates Construction
Invest in Single Tenant Net Lease Assets for New
(essential to the ongoing operations of investment grade tenants)
Construction
Construction
Construction Increasing
Originate Structure Purchase Costs
Costs
Sale-Leasebacks Build-to-Suit Institutional Quality
Acquisitions Assets Bottoming/Rising Rising/ Flattening
Market Market
(attractive pricing) (below market cost) (discount)
(1) These diagrams are representative only. It should not be assumed that all of EGM
Asset Formation Asset Aggregation V’s investments will bear resemblance to this. Risk adjusted spread represents
spread to 10 year U.S. Treasuries.
Property Focus Credit Focus
Property diversity enables EGM V to invest up and down and across Tenant diversity enables EGM V to capitalize on inefficiencies in the
asset classes.(2) investment grade sector.
Single Tenant Net Lease Market Moody's S&P Fitch
Significant Long-term Long-term Long-term
Office Industrial Retail Institutional Aaa AAA AAA Prime
Competition Aa1 AA+ AA+
$100m - $200m+
Trophy Assets Aa2 AA AA High grade
Aa3 AA- AA-
EGM
A1 A+ A+
$50m - $75m Target
Major Distribution/Warehouses, Headquarters A2 A A Upper medium grade
A3 A- A-
Baa1 BBB+ BBB+
$25m - $50m EGM Baa2 BBB BBB Lower medium grade
Multi-Region Distribution/Warehouses, Headquarters
Target Baa3 BBB- BBB-
Ba1 BB+ BB+
Non-investment grade
$10m - $25m Ba2 BB BB
speculative
Regional Distribution/Warehouses, Office, Retail Ba3 BB- BB-
B1 B+ B+
B2 B B Highly speculative
$1m - $10m
Non-Institutional Quality B3 B- B-
Significant Retail
Caa1 CCC+ Substantial risks
Competition
Caa2 CCC Extremely speculative
Caa3 CCC- CCC Default imminent with
(2) Opinions expressed reflect the opinions of EGM as of the date of this material. little prospect for
Ca CC recovery
Statements are based on EGM’s opinions of current market conditions which
may change over the fund life.
THIS SUMMARY IS NOT AN OFFER FOR SALE
.
THIS SUMMARY IS TO BE READ IN CONJUNCTION WITH THE CONFIDENTIAL PRIVATE OFFERING MEMORANDUM
2. EGM V Net Lease Strategy Overview
► Invest in net lease assets essential to the operations of investment grade tenants
► Originate sale-leasebacks at attractive pricing
EGM V
► Structure build-to-suit acquisitions at below market cost
Strategy
► Purchase institutional quality net lease assets at a discount
► Seek to deliver predictable income and equity-like returns while taking bond-like risk
EGM V ► Assets with short term leases
Seeks to
Avoid ► Investments with below investment grade credit
EGM V ► Proven track record with some of the best returns in the industry
Strategic ► Ability to creatively structure transactions and move with speed
Advantage ► Investment opportunities through extensive industry relationships
EGM V Summary of Key Terms
Investment Vehicle: EGM Income & Growth Fund V, LLC
Managing Member: EGM Managing Member V, LLC
Investment Strategy: Equity or debt investments in single-tenant office, industrial, and retail properties that are operationally significant
and leased to high credit quality tenants on a long-term net basis through direct acquisitions, sale-leasebacks, and
build-to-suits.
Fund Size: $250 million
Minimum Commitment: $1 million
Manager Commitment: 2.5% of the Capital Commitments up to $3.125 million
Investment Commitment Period: The Managing Member’s right to make capital calls pursuant to the Capital Commitments to make new Investments
will terminate three (3) years after the Final Closing Date, unless sooner terminated by the Managing Member.
Term of Fund: Seven (7) years from termination of Investment Commitment Period with two (2) one-year extensions at Managing
Member’s discretion.
Mortgage Debt: 65% - 75% of cost
Annual Management Fee: During the Investment Commitment Period, 1.5% of the Capital Commitments
After the Investment Commitment Period, 1.5% of the Invested Capital
Target Annual Returns: 15% - 18% net of all fees and expenses
Distributions: (1) First, to Members in proportion to their respective Percentage Interests: 9.0% Preferred Return, compounded
annually, on unreturned capital contributions, and a return of all capital contributions;
(2) After which, distributions will be made: 50.0% to the Members and 50.0% to the Managing Member until the
Managing Member has received 20% of all amounts distributed to Members as (i) a Preferred Return and (ii) as its
share under this paragraph;
(3) Thereafter, 80% to the Members and 20% to the Managing Member.
Reporting: Member unaudited quarterly financial statements and audited financial statements. Information in the event of
material changes affecting any Investment(s). Annual report of all transactions between the Company and the
Managing Member or any Affiliate of the Managing Member.
Auditor: Ernst & Young
Counsel: DLA Piper LLP (US)
This presentation is for informational purposes only and should not be construed as legal, tax, investment, or other advice. It does not constitute an offer to sell, or the
solicitation of an offer to buy any product. An offer may only be made by means of the private placement memorandum and governing documents of the fund (“Fund
Documents”) which should be read in their entirety. This information is not intended to be complete or final and is qualified in its entirety by the Fund Documents. In
the event this information is inconsistent or contrary to the descriptions of terms of the Fund Documents, the Fund Documents shall control. Interests in the Fund are
privately offered to investors who satisfy the eligibility criteria described in the Fund Documents. The information in this document is confidential. It is intended only
for the use of the person to whom it is given and may not be reproduced or redistributed.