Excellent example of sample Investment Summary

1. Investment Opportunity
Atlanta, GA Build to Rent

2. 2
Arabella Capital | Private & Confiden
This 14 acre site in South West,
Atlanta is under contract for
purchase. The site has recently been
approved for development, with all
entitlements and permitting in place.
We plan to develop 105 lots including
horizontal improvements: installing
electricity, water, sewer, and paved
roads with curb and gutter,
sidewalks, playground, etc. This
single-phase development will take
approximately 12 months to produce
buildable lots.
Once the lots are complete, Lennar
will build 8 homes per month to be
purchased by an institutional buyer.
In totality, we expect the project to
complete in 2.5 years from the
$3,445,379
Equity
Raise
2.5 years
Project
Length
38%
Investor IRR
(unleveraged
)
1.52x
Investor
Multiple
Equity
Details
Property
Details
105
Townhomes
New
Construction
Build to Rent
16%
Profit
Margin
Built by
Paran
This information has been obtained from sources believed reliable. We have not verified it and
make no guarantee, warranty or representation about it.

3. 3
Arabella Capital | Private & Confiden
3

4. 4
Arabella Capital | Private & Confiden
The Jailette Townhome site is located 15
miles SW of Atlanta, GA. As Downtown
Atlanta continues to experience large
amounts of growth in home and rent
price, people are getting priced out and
migrating towards the outskirts of
Atlanta such as the Jailette site. The
average rent price In Jailette which is
located about 20 minutes outside of
Downtown Atlanta will be $1,580 compared
to the average rent price in Atlanta of
$1,699.
This information has been obtained from sources believed
reliable. We have not verified it and make no guarantee,
warranty or representation about it. Photo taken from Lennar
Website, actual community in Atlanta.
$1,699
Average Rent in
Atlanta
8.1%
Average Annual Rent
Growth since 2015
$261,100
Average Home Price in
Atlanta
$65,381
Average Household
Income in Atlanta

5. 5
Arabella Capital | Private & ConfidenArabella Capital | Private & Confiden
Atlanta
5
It continues to be the economic hub of the
Southeast. With more corporate expansion and
relocation expected, the future of Atlanta’s
economy looks bright.
Atlanta’s Economic Driver
In 2014, the Aerotropolis Atlanta Alliance was
created as public-private partnership to help
improve the greater Atlanta area. The blueprint
created for this alliance is to leverage the
airport’s assets to help the surrounding areas
to create more economic activity and create more
real estate development.
9th largest
Metro
Area in
US
4th fastest
Growing Metro
Area in 2018
26
Fortune 500
companies
$34.8BN
In economic
impact
63,000
Jobs on-
site
Atlanta’s Hartsfield-
Jackson International
Airport is the world’s
largest passenger
airport in the world.

6. 6
Arabella Capital | Private & ConfidenArabella Capital | Private & Confiden
City of South Fulton (subject
property) Impact
6
Located on the perimeter of Hartsfield-Jackson
International Airport, is South Fulton County,
GA where the subject property is located. Only
seven miles from the airport, the subject
property is located close to a major
thoroughfare that that will be desirable to
residents that can easily travel to Atlanta’s
CBD, the airport and local amenities.
$127,000
In 2010
$251,000
In 2018
Jailette Townhome Site (South
Fulton, GA)
Since 2010, Atlanta has experienced a 65% rent
growth.
The steadily growing cost of living in Atlanta’s
city center is diving renters outwards to see
less expensive housing in the suburbs. As the
trend for renting vs. owning continues to grow
due to affordability and debt issues,
Southwestern Atlanta has seen the largest growth
of renters in the nearby Princeton Lakes, Ben
Hill, Greenbriar area (close to the subject
property).
In South Fulton, where the subject property is
located, home prices have increased 44% over the
past five years. Between 2017 and 2018, the
Median Home
prices
3,711
In 2010
8,883
In 2016
Number
of renters

7. 7
Arabella Capital | Private & Confiden
Demographics(Jailettesite)
Population
1 mile 3 miles 7 miles
Households &
Income
3,090
29,296
217,
016
Total Population
37
36
35
Median Age
1,10
5
11,6
59
83,8
96
Total Households
$117
,525
$86,337
$65,937
Median Income
1,105 11,659 83,896
$117,525 $86,337 $65,937

8. 8
Arabella Capital | Private & Confidential
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
2015 2016 2017 2018 2019
ATL
30331
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2015 2016 2017 2018 2019 2020P 2021P 2022P
Atlanta Average Home Prices Atlanta Average Rent Rates

9. 9
Arabella Capital | Private & Confidential
2010 2017
Average Annual
Growth
Population Trends
Atlanta, GA 422,849 486,290 2.1%
Fulton County, GA 649,509 1,041,000 8.6%
2013 2017
Household Income
Trends
Atlanta, GA $50,412 $65,381 7.4%
Fulton County, GA $52,313 $56,183 1.8%
Home Value
Trends
Atlanta, GA $138,000 $261,100 14.9%
Fulton County, GA $174,000 $287,500 10.9%
2015 2017
Rent Growth
Atlanta, GA 1,284 1,699 8.1%
Fulton County, GA 1,423 1,788 6.5%
Job Growth
Atlanta, GA 235,000 254,000 4.0%
Fulton County, GA 508,000 542,000 3.3%
This information has been obtained from sources believed reliable. We have not verified it and
make no guarantee, warranty or representation about it.

10. MarketData 10
SITE
High School
2,181 Students
6
10
Elementary School
704 Students
7
10
7
10

11. 11
Arabella Capital | Private & Confidential
11
SITE
A
B
C
D
E
F
A
5041 Lower Elm St
2 BR Townhome
$1,400 monthly
B
3842 Lake Sanctuary
Way
3 BR SFR
$1,750 Monthly
C
4526 Parkway Circ
4 BR SFR
$1,695 Monthly
D
Camp Creek Village I
Rocklyn Homes
Starting $249,000
E
168 Munira Ln
Townhome Subdivision
Starting $276,000
F
Camp Creek Village II
Rocklyn Homes
Starting at $265,000

12. 12
Arabella Capital | Private & Confidential
Total
1 yr
2020
2 yr
2021
3 yr
2022
Revenue 22,107,587 - 15,464,140 6,643,448
Development Costs (18,550,831) (3,928,910) (14,621,921) -
Unlevered Cash Flow 3,556,756 (3,928,910) 842,219 6,643,448
33% IRR
Financing (761,736) 1,737,369 1,477,846 (3,976,951)
Levered Cash Flow 3,193,667 (2,191,541) 2,320,064 2,666,497
Investor Cash Flow & Return Summary 56% IRR
Investor Cash Flow Total 2020 2021 2022
Investor Paid in Capital (3,445,379) (2,191,541) (1,253,838) -
Investor Equity Return 3,445,379 - 3,266,635 178,744
Investor 8% Preference 308,425 - 307,267 1,157
Investor 60% Profit Split 1,491,957 - - 1,491,957
Investor Net Profit 1,800,382 (2,191,541) 2,320,064 1,671,858
Investor IRR 39% IRR
Sale and Cash Flow Summary
This information has been obtained from sources believed reliable. We have not verified it and
make no guarantee, warranty or representation about it.

13. 13
Arabella Capital | Private & ConfidentialArabella Capital | Private & Confidential
• 17 years of real estate experience
• Acquired over $50MM of SFR assets
• Focus on Investment Portfolio Management
• Represented eight of the largest institutional
funds in the US
Adam Whitmire, CCIM
Fund Manager
• 10 years of real estate experience
• Currently developing 220 lots in Colorado springs and flipping
houses in northern California
• Focus on raising capital and investor relations
• Developed, built, and/or flipped over 300 homes in multiple
markets including: AL, CA. CO, GA, IL, TN
Rob Fuller
Finance and Investor Relations
13
• 48 years of commercial and residential real estate experience
• Managed 2000+ units across 4 states from 1976 – 1981
• Owned and managed a portfolio of 3,800 units by 1986
• Since 2007 owns and manages 1,800 units in the Se
• Has managed over 12,000 units during his 48 year career
Joe Beasley
Multi-family Operator
• 25 years of Operations & Project Management experience
• 7 years of real estate experience
• Managed operational production of 350+ turn-key rental
properties as well as luxury flips in Northern California and land
development with ground up construction across four states
• Focus on managing all aspects of operations
Billy Whitehead
Director of Operations
• 5 years of residential and commercial real estate experience
• Currently managing a $98MM development in Colorado
Springs of 220 lots
• Underwrites all properties for acquisition and maintains pro
forma during operation
• Master in Excel
Brady Williams
Analyst
• 47 years of real estate development experience
• Has developed 35 different communities since 1995
• Owned Wayne Clark and Associates which provided turn
key development and construction services
• Manages all aspects of land development process
Wayne Clark
Land Developer and Builder

14. Contact Us
Rob Fuller
rob@arabellacapital.com
707.365.7891

15. 15
Arabella Capital | Private & ConfidentialArabella Capital | Private & Confidential
15
DISCLAIMER
The following terms and conditions are strictly indicative, non-binding, and for information and discussion purposes only, and does not include all the
terms and conditions of the proposed transaction described herein. The terms described below will only be binding upon the Company and Investors
under and pursuant to the terms and provisions of and as described in the Company’s formal offering documents and governing definitive agreements,
including, without limitation, the Company’s limited liability company agreement.
This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of the Company’s offering of
securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any such securities in any jurisdiction. Neither this
presentation nor anything in it shall form the basis of any contract or commitment. Any such offer shall be subject to the terms and provisions of the
foregoing described definitive agreements.
This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment
objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their
choosing when deciding if an investment is appropriate. The Company has prepared this presentation based on information available to it, including
information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in
relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. Projections
should not be considered a comprehensive representation of the Company’s performance. The financial information included in this presentation is
preliminary, unaudited and subject to revision; the Company undertakes no obligation to update or revise any of such projections or forward–looking
statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some
assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are inherently
subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions
underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts,
and the variations may be material.