Learn the options of diversifying your portfolio with real estate

1. Our Mission
Offer an Opportunity to Investors to Diversify
Their Portfolio and Create Value and Wealth
through the Buying, Selling, and Leasing of
Real Estate
DLR REAL ESATE GROUP

2. Our Team
• Anthony Crecco
• Liz Crecco
• Charlene Fragala
• Stash Geleszinski-Broker Sperry Van Ness
• Wagner and Zwerman, CPA
• Andrew Crabtree, ESQ. (Corporate)
• Dan Utt, ESQ. Keating Muething & Klekamp PLL(Real Estate)
• Jesse Brewer-Cincy Area Properties
DLR REAL ESATE GROUP

3. The DLR Approach
Through our strategic relationships and thorough due diligence,
we aim to acquire well located assets in strategic markets.
• Each investment’s success is measured by location, tenant
profile and growth potential.
• Acquire B and C class assets
• Target acquisitions in the $1,000,000 - $3,000,000 range
• The typical lifecycle of investments in apartment communities
is 3-10 years
• OUR GOAL IS TO PROVIDE HEALTHY, RISK AWARE RETURNS
WITH CAPITAL PRESERVATION BEING OUR NUMBER ONE
PRIORITY

4. Strategy
DLR REAL ESTATE GROUP acquires apartment communities in
strategic markets throughout the United States that represent a
value add component.
 AVOID HERD MENTALITY
 Focus on long term demographics
 Niche markets
Secondary Markets
 UNLOCK INTRINSIC VALUE
 Repositioning
 Income Improvements
 Operational improvements
 CASH FLOW
 SELL FOR A PROFIT

5. Sponsor Portfolio

6. Manville Apartments
Pleasantville New York
• 6 unit Apartment Building
• Purchased in 1999
• Renovated in 2000
• Recently increased monthly rents $1000
• Currently own and Manage
• 100% occupancy

7. Lexington Apartments
Mt.Kisco, New York
• 4 apartments/single family home and 1 store
• Purchased in 2008 thru Foreclosure
• Stabilized property
• Increased rents thru renovations
• 100% occupancy
• Currently own and manage

8. Bedford Road Apartments
Pleasantville New York
• 4 apartments
• 2 stores
• Purchased in 1986 and renovated
• 100% occupancy

9. New Street Apartments
Rye, New York
• 6 townhome style units
• Purchased property in 1999
• Built new units in 2000
• 100% occupancy
• Currently own and manage

10. Arch Street Apartments
Greenwich, CT
• 1 apartment
• 3 stores
• Purchased in 2000
• 100% occupancy
• Currently own and manage

11. Little Creek Townhomes
Winston Salem, North Carolina
• 12 Townhome Style Apartments
• Purchased in 2013 thru short sale
• Renovated recently
• 85 % occupnacy
• Currently own and manage

12. Culbreth Apartments
Thomasville, North Carolina
• 6 unit apartment building
• Purchased December 2013
• Renovated 2013
• 85% occupancy
• Currently own and manage

13. Various Properties
Westchester and North Carolina
• 1 multifamily homes
• 2 single family homes
• 2 condos
• 100% occupancy
• Currently own and manage

14. Notes
Winston Salem North Carolina
• 3 single family notes held on property-seller
financing
• Currently own and manage

15. New Construction & Land
Development
• Built over 3000 Custom and Spec Homes from
1950-2008
• Developed hundreds of acres of Land
• Remodeled Hundreds of Homes since 1995
• Real Estate Brokers in New York and
Connecticut and Licensed also in California

16. New Construction
Greenwich, Ct.

17. Passive Investments in
Real Estate
Private Investors
(Cash, businesses, trusts
SDIRA’s, Foreign Entities)
ABC Apartment LLC
Managed by DLR REAL ESTATE

18. Why Passive Real Estate Investing?
o Allows tax-deferred cash returns that let you keep more of your earnings.
o Your share of depreciation expense works to offset your income thanks to the pass-through
benefits of real estate ownership
o You do not deal with the hassles of day-to-day-management. Leaky faucet? You’re not
getting a call at 2am. Broken gate? It’s not your responsibility to call the handyman.
o Dealing with banks is just plain hard. Since the economy went south, banks have started to
require even more documentation to get loans and the process is both time-consuming and
mind numbing. When you are a passive real estate investor, your investment is tied to a
professional private real estate investment company that already has relationships with
select banks. They navigate the bank financing waters on your behalf so you don’t have to.
o You always have the option in any investment to go at it alone, whether that means
investing in stocks through an online brokerage like eTrade or buying your own
investment property, but there is something to be said for leveraging the intelligence of the
people around you. Some real estate investors devote their lives to learning the in’s and
out’s of the market and passive real estate investing allows you to benefit from their deep
education.
o Passive real estate investing can be incredibly quick. You do diligence, sign legal paperwork
and transfer funds almost immediately. It is not intended to become a second job and you
can literally make money while you sleep.
o Primarily when investing in properties with existing tenants where there is existing cash-
flow, your money is working for you 24/7.
o Capital appreciation
o Tax benefits
o LLC Legal Structure for security and protection
o Benefits thru use of Self Directed IRA investing
o We handle all Management and Administration

19. Why Private Investment Partnerships
• Co Ownership (Equity) in an Apartment Complex
• Investment Range $25,000 - $1,000,000 plus
• DLR handles all asset management duties
• Access to larger deals in variety of geographic locations
• Annual Cash Flow
• Capital Appreciation
• Tax Benefits
• Total Returns
• Inflation Hedge
• Diversification
• Registered Retirement Plan Eligibility (Self Directed IRA)

20. Investor Relations
• COMMUNICATION AND TRANSPARENCY
• Direct contact with Principals
• Quarterly distributions of cash flow
• Quarterly webinars on project status
• Semi annual financial reports
• Annual Financials
• Annual k1

21. Self Directed IRA
Types of SDIRA
• Traditional IRA
• Roth IRA
• SEP & SIMPLE
• Individual(k)
• Roth Individual(k)

22. How To Use A Self-Directed IRA
1. Identify desired investment opportunity
2. Convert your existing IRA or old 401(k) to a SDIRA using a Reputable
Custodian
3. Designate how much you want to rollover
4. Give the Administrator instructions to release funds to the
investment
5. SDIRA becomes the holder on the shares investment
1. All income is directed to the SDIRA

23. The Process
• Open an Account
• Fund Your Account
• Choose an Investment

24. Why Cincinnati Ohio

26. Named one of the country’s “Most Livable” cities, Cincinnati
has been successful in blending its culture, rich heritage and
arts with social and economic initiatives that create an
exceptional quality of life. According to the New York Times,
“Cincinnati exemplifies the cities driving the U.S. economy.”
Fortune magazine also ranked Cincinnati as 7th among the US’s
Great Places to Live and Work.
Cincinnati ranks seventh among the top 10 cities in the nation
for job growth, according to a new study by a research
professor at Arizona State University.
Pop 296,550
Currently Holiday Inn, Hyatt Hotels and Quality Logistics have
projects under construction for expansion and growth

27. Access Greater Cincinnati is one of the
most strategically located metropolitan regions
in the United States for access by
manufacturing and service industries. Air,
highway, river, and rail transportation give
Cincinnati ready access within 600 miles of
53% of the nation’s manufacturing
establishments and 57% of the nation’s value
added by manufacturing. Three interstate
highway systems (I-75, I-74, and I-71) and two
interstate connectors (I-275 and I-471) serve
the Cincinnati region and provide access to all
geographic directions.

28. The Greater Cincinnati rental market
experienced another strong year of effective
rent growth in 2013. According to CBRE’s
survey of more than 60,000 units in the
Cincinnati MSA, rents grew by a healthy
4.2% and occupancies remained solid at
93.7%.
By far the most notable performer has been
the Cincinnati Central Business District with
downtown rents climbing an impressive
8.0% in 2013 with full occupancy. The
other notable hot spot has been the Uptown
corridor near the University of Cincinnati,
where new units are achieving rent levels
well above the rates for existing, older stock.

29. Cincinnati Overview
29
FORTUNE 500 COMPANIES
 AK Steel
 Macy's Inc.
 Ashland Inc.
 Omnicare
 Fifth Third Bancorp
 Procter & Gamble Co.
 General Cable
 Western & Southern Financial
 The Kroger Co.
Creating an Environment for Success
Cincinnati USA connects the energy and
amenities of a vibrant metro region
with the access and opportunities of a
tight-knit community. Small businesses
prosper alongside major corporations in
a robust, diverse economy. With nine
Fortune 500 company headquarters in
Cincinnati USA, the region ranks in the
nation's Top 10 markets for number of
Fortune 500 headquarters per million
residents, higher than New York,
Boston, Chicago, or Los
Angeles.

30. Development Advances on City’s Riverfront, Creating New Jobs and
Potential Rental Demand
Urban development in Cincinnati is reviving the economy, boosting
employment and creating new apartment demand. The Banks on the
riverfront, which will be the largest mixed-use development in the city,
continues to support economic growth, as the first phase created 3,600
permanent jobs. The second phase will progress this year, alongside another
of the city’s major projects under construction, the streetcar system, which
begins at The Banks. The rail will cover nearly four miles around downtown
and connect major employment centers. As part of a multi-faceted
transportation system, the streetcar will provide transit to citizens
throughout Cincinnati and potentially open development opportunities
along its path. While apartment completions remain on par with demand
this year, the new infrastructure could change the city’s core, revitalizing the
city by drawing new jobs and rental households to the heart of the city.

31. Vista Village Apartments are located in the
residential area of the Mt. Airy section of
Cincinnati. Mt. Airy is Cincinnati's largest park with
over 1500 acres of recreation with access to
sports, relaxation and fun. Minutes to
employment centers of The University of
Cincinnati & 9 major hospitals. Easy access to
shopping, restaurants, stadiums and culture
venues
Mt. Airy offers urban convenience and suburban
living.

32. Key Attributes
• Cincinnati is the third largest city in Ohio and the 25th largest city in
the United States by metropolitan population
• The City of Cincinnati is well positioned for growth. Economic
indicators predict a 9.6% increase by 2014, and resulting in the
creation of approximately 103,600 new jobs. The indicators further
forecast this growth to occur predominantly in service-providing
industries including trade, transportation, utilities, information,
financial activities, professional and business services, education,
health, leisure and hospitality, and government. Source: GO
Cincinnati Growth and Opportunities study (2007)
• Businesses expanding in or relocating to the City of Cincinnati are
eligible for several incentive programs. Some of these programs
reduce annual operating costs, and in so doing, provide businesses
direct cost reductions.

33. Cincinnati is also home to several colleges and universities
Art Academy of Cincinnati
Art Institute of Cincinnati
Cincinnati Christian University
Cincinnati State Technical and Community College
God's Bible School and College
University of Cincinnati
Xavier University
Union Institute & University
College of Mount St. Joseph
Northern Kentucky University
Gateway Community and Technical College
Miami University (one of the original "Public Ivies")
Thomas More College (Kentucky)
Education

34. Mitsubishi-Auto
First Financial Bank-Banking
Citigroup-Banking
Ashland-Chemicals
Cintas-Uniform Supplier
Omnicare-Pharmaceutical for seniors
Duke Energy-Provider of Gas and Electric
University of Cincinnati-Education
IRS-Major Operations
USPS-Mail
Major Employers

35. Why Multifamily Real Estate
• Vacancy Rates are nearing historic lows
– Demand is up nationwide
– Not much new supply
• Declining Homeownership Rate-Less Costly to Rent vs. Owning a
Home
• Immigration population
• Echo boomers-Transient
• Baby boomers-Empty Nesters
• Foreclosure crisis-Cant get a Mortgage
• Hedge against Inflation
• MORE CASH FLOW!
• Only need to do ONE Deal to change to your life
• Creates true wealth over time
• Everyone needs a place to live

36. U.S. Rents Rise Again as Market Tightens
Apartment landlords continued to push through higher rents in many cities in the fourth
quarter, offering little relief for renters who have seen increases over the past few years.
Nationwide, landlords raised rents by an average of 0.8% to $1,083 a month in the
quarter, according to a report to be released Tuesday by REIS a real-estate research firm.
While that is below the previous quarter's 1% increase, it is above the 0.6% gain seen in
2012's final quarter. Rents climbed 3.2% for all of 2013.
The vacancy rate, meantime, fell to 4.1% in the fourth quarter from 4.6% in the year-
earlier quarter, remaining well below the 8% peak at the end of 2009.
"Demand for apartments remains strong," wrote Ryan Severino, a senior economist with
Reis. "Not even the seasonal weakness normally observed during the fourth quarters of
calendar years had much if any impact on the market dynamics.”

37. Profit Analysis Quadrant

38. Declan Square Apartments
99 Units
Cincinnati Ohio

39. Number of Units 99
Year of Construction 1961
Net Rentable Area 44,735
Average rent per
unit/month
$476
Price per Unit $13,687
Average Rent Per Sq. $1.05
Occupancy April 2014 86%
Purchase Price $1,355,000

40. The Opportunity
• Vista Village Apartments represents a very attractive opportunity to invest in a
VERY WELL LOCATED undermanaged, multifamily asset in a strong market with
upside potential by bringing the rents up to market rate by improvements to the
unit interiors and common areas and the exterior as well as operational
improvements. , to stabilize the property.
• As such, we are seeking to raise sufficient capital to not only complete the
purchase of the asset but also to complete improvements to the property and
clean up deferred maintenance.
• Making this a clean, safe and affordable Class C community that is well positioned
to benefit from strong rental demand due to its superior location.
• Urban location
• Convenient to shopping
• Close to bus line
• Residential neighborhood

41. Sub Market Location
Lighthouse Apartments are located in the City of Hamilton with a population of 62,000 people. It is the
county seat of Butler County and is included in the Cincinnatti metropolitan area (MSA). Miami University is
located 15 minutes with a current enrollments of 17,500 students. The City of Hamilton is 12 miles west of I-
75.

42. The Plan
• Acquire the property utilizing a combination of bridge
financing and cash
• Bring in new management team
• Stabilize Existing Tenant Base
• Rebrand the community “Declan Square Apartments”
• Get vacant units rent ready
• Exterior Improvements to increase Curb Appeal
• Stabilize at 92%+ Occupancy
• Refinance in 12-18 months
• Hold Property for Cash Flow
• Sell in 3-5 years at a profit

44. Unit Mix and Rents
Type # Units Square Feet Current Average Rent
1 bd/1 ba 46 395 $385
2 bd/1 ba 47 495 $445
3 bd/2 ba 6 550 $595
Totals 99 $476

45. Source and Uses of Funds
Purchase price $1,355,000
Renovation Budget $625,000
Reserves $ 29,700
Closing Costs $65,000
Acquisition Fee $51,000
Total $2,125,700
Investor Participation $640,700
Bridge Financing $1,485,000
Total $2,125,700

46. Improvement Plan

47. Category Budget Description
Windows &
Doors
$103,000 New windows and doors on all 9 buildings
Electric Upgrades $58,900 Bring electric to current code in apartments
and common areas
Roofs $76,000 Repair and replace roofs on various buildings
Parking lot $10,000 Repair large cracks and holes
Balconies $20,000 Repair rear balconies
Sewer $29,500 7 new sewer cleanouts and 2 new sewer lines
Laundry rooms $17,500 Clean and paint
A/C units $16,000 New wall units
Common Hallway $13,500 New vinyl floor and paint
Trees $16,000 Remove trees and clean brush
Landscaping $10,000 Plantings and mulch
Drainage $8,000 Relocate existing pipes
Picnic/Pool area $7,500 New lawn, picnic tables and chairs and play
ground
Mailboxes $7,200 Repair mailboxes
Sidewalks $6,500 Repairs
Fence $6,500 New fence at playground area
Dumpsters $6,000 Enclose dumpsters
Signage $5,550 New Property Signs
Clean up $5,000 Clean garbage at rear of buildings
Railing $4,800 Replace rotted rails
Interior
renovation
$112,600 Bring offline units to rent ready
Unit turns $85,000 Renovation of occupied units
Total $625,000 Total Budget

48. The Management Team

49. Property Managers-CINCY AREA PROPERTIES
In 2008 Jesse realized a need for good property management, especially in the small to mid-size
apartment buildings. This caused him to start Cincy Area Properties, which is a property
management firm that specializes in cash flow real estate. Today Cincy Area Properties manages
over 700 units Northern parts of Cincinnati down into Northern Kentucky and is becoming a
recognized industry leader in the cash flow real estate industry.
Accountant/CPA-WAGNER & ZWERMAN
Wagner & Zwerman has over 40 accountants on staff with offices in New York City and Long Island.
The businesses are in various industries and range in size from $200,000 a year in revenue to
$135,000,000. Many of our clients are in the real estate industry; such as real estate sponsors and
developers, condominiums and coops, owners/operators of residential and commercial rental real
estate and real estate management companies.
ATTORNEY-LAW OFFICES OF ANDREW CRABTREE
Andrew L. Crabtree is the principal of the Law Offices of Andrew L. Crabtree P.C. in Melville, New
York. Andrew is our Local Corporate Counsel. The firm focuses on transactional and litigated real
estate, landlord-tenant, construction and general commercial business matters
Attorney- Keating Muething & Klekamp PLL
The law firm of Keating Muething & Klekamp PLL (KMK Law®), based in Cincinnati, Ohio, was
founded in 1954. KMK has approximately 110 lawyers and a support staff of 150 employees. KMK
provides legal services in a number of areas including corporate transactions and contract matters,
commercial real estate, litigation, labor and employment, intellectual property, insurance coverage
and litigation-related matters, and employee benefits /executive compensation plans. KMK has
contributed to the success of many businesses, from Fortune 100 corporations to start-up companies
in Cincinnati and around the country and has assisted global companies with matters in a multitude
of countries. KMK’s mission is to provide high quality legal counsel to business clients by meeting
their identified needs and developing appropriate solutions.
Investment Advisor & Coach-National REIS
National REIS is a Multifamily Real Estate training and consulting company. They focus on working
with multifamily investors. National REIs, thru its investment company URS Capital Partners has
acquired over 500 units of multifamily properties. In addition in 2013 National REIS members
invested more than $17 million in apartments. DLR real Estate Group is a member of National REIS.

50. Property Photos

52. Exterior Photos

53. Interior Photos

55. Financial Projections

56. Operating Assumptions
Rental Increase Projections
Vacancy Rate
Delinquency/Lease Loss
Other Income Increase
Operating Expense Projections
ONLY INPUT INTO GRAY CELLS
Operating Revenues
Gross Potential Rent
Vacancy Loss
Delinquency/Lease Loss
Net Rental Income
RUBS
Other Income
Gross Income
Operating Expenses
Repairs & Maintenance
Property Management Fees
Taxes
Insurance
Salaries & Wages
Utilities - Electric/Gas
Utilities - Water & Sewer
G&A
Trash Removal
Contract Services
Advertising
Grounds Mgmt
Portfolio Mgmt (% of GOI)
Turnover Costs
Cable
Accounting/Evictions
Lease Up Fees
Misc
Total Operating Expenses
Expense Ratio
Expenses Per Unit
Net Operating Income
Annual Reserve
NOI AFTER RESERVES
Debt Service
DSCR
1 2 3 4 5
10% 4% 3% 3%
12% 8% 8% 8% 8%
2% 2% 2% 2% 2%
2% 2% 2% 2%
2% 2% 2% 2%
Average Rent Per Unit 476 523 544 560 577
565,000$ 621,500$ 646,360$ 665,751$ 685,723$
(67,800)$ (49,720)$ (51,709)$ (53,260)$ (54,858)$
(11,300)$ (12,430)$ (12,927)$ (13,315)$ (13,714)$
485,900$ 559,350$ 581,724$ 599,176$ 617,151$
-$ -$ -$ -$ -$
12,000$ 12,240$ 12,485$ 12,734$ 12,989$
497,900$ 571,590$ 594,209$ 611,910$ 630,140$
Percent
8.0% 39,600$ 40,392$ 41,200$ 42,024$ 42,864$
4.3% 21,161$ 24,293$ 25,254$ 26,006$ 26,781$
7.6% 38,000$ 38,760$ 39,535$ 40,326$ 41,132$
3.2% 16,000$ 16,320$ 16,646$ 16,979$ 17,319$
17.1% 85,000$ 86,700$ 88,434$ 90,203$ 92,007$
14.1% 70,000$ 71,400$ 72,828$ 74,285$ 75,770$
5.2% 26,000$ 26,520$ 27,050$ 27,591$ 28,143$
1.5% 7,500$ 7,650$ 7,803$ 7,959$ 8,118$
1.2% 6,000$ 6,120$ 6,242$ 6,367$ 6,495$
1.0% 4,950$ 5,049$ 5,150$ 5,253$ 5,358$
0.9% 4,500$ 4,590$ 4,682$ 4,775$ 4,871$
2.0% 10,000$ 10,200$ 10,404$ 10,612$ 10,824$
1.5% 7,469$ 8,574$ 8,913$ 9,179$ 9,452$
3.4% 19,000$ 19,380$ 19,768$ 20,163$ 20,566$
0.0% -$ -$ -$ -$ -$
0.9% 4,950$ 5,049$ 5,150$ 5,253$ 5,358$
0.0% -$ -$ -$ -$
0.0%
360,129$ 370,996$ 379,060$ 386,975$ 395,059$
63.7% 59.7% 58.6% 58.1% 57.6%
3,638 3,747 3,829 3,909 3,990
137,771$ 200,594 215,149 224,935 235,081
300 29,700$ 29,700$ 29,700$ 29,700$ 29,700$
108,071$ 170,894$ 185,449$ 195,235$ 205,381$
$118,800 $118,800 $118,800 $118,800 $118,800
0.91 1.44 1.56 1.64 1.73
minimum required 1.25x
Total Cashflow (10,729)$ 52,094$ 66,649$ 76,435$ 1,040,479$
Cash on Cash 0.00% 8.13% 10.40% 11.93% 62.40%
Principal Reduction -$ -$ -$ -$ -$
Total Return -2% 8% 10% 12% 92.9%
Annualized Return 18.6%
-640700 (10,729)$ 52,094$ 66,649$ 76,435$ 1,040,479$
IRR 15%

57. SALE SUMMARY
Sale Price 2,567,261$
Cost of Sale (128,363)$
Mortgage Payoff (1,485,000)$
Sale Proceeds 953,898$
Equity Return (640,700.00)
NET PROFIT FROM SALE 313,198$
Total Return From Sale 49%
Annualized Return on Sale 10%

58. Equity Investment Participation
Projections on Passive Investment Performance are Exhibited on the Following Report
Average Annualized Return 13.8% Cash on Cash Return
Sample Investment Based on $100,000
Return Type Year 1 Year 2 Year 3 Year 4 Year 5 Subtotal
Projected
Return
0% 6.13% 7.8% 8.9% 10.065% 32.89%
Profit Upon
Sale
37% 37%
Total 69.89%
Return Type Year 1 Year 2 Year 3 Year 4 Year 5 Subtotal
Cash Flow 0 $6,095 $7,798 $8,886 $10,065 $32,844
Profit Upon
Sale $36,409
Total $69,253
Equity Investment
· Passive Income secured by tangible property-The Asset
· Leverage our knowledge and expertise in multifamily investing
· Possible tax benefits
· Invest using your Self-Directed IRA
· Quarterly distribution of cash flow
· Quarterly management updates
· Minimum Investment $25,000
Distribution Splits
· Investors Receive 75% of the Cash Flow and Profit Upon Sale
· Sponsors Receive 25% of the Cash Flow and Profit Upon Sale

59. The Structure

61. WEALTH IS A TEAM SPORT
Knowledge Time
Money Credit

62. What to Do Next

63. Key Documents
• 1 Page Overview
• Executive Summary
• Operating Agreement
• Contribution Documents
• SDIRA

64. How the Process Works
• Email or Call Us Today
• Receive Detailed Executive
Summary
• Review Executive Summary,
Operating Agreement and
Contribution Agreement
• Timeline: Subscriptions Due
June 15th, 2014 at 5pm
• Closing on or about July
7th,2014
• Attend Quarterly Updates
871 Commerce Street
Thornwood, NY
Office: 914.861.3535
Anthony@TheCreccoCompanies.com
DLR REAL ESTATE GROUP