The document discusses three potential real estate acquisitions and leases: 1) A letter of intent was signed for 28 Fitchburg in Somerville with Capital Partner 1. Key lease conditions include a 15-year lease at $19/SF. 2) Exploring opportunities with Capital Partner 2 for 28 Fitchburg. 3) Key lease conditions for 200 Exchange in Malden include less than $17/SF for a 10-year lease. Potential annual revenue from the three properties is estimated at $2.37 million in the first year.

1. MEMBER SOCIAL HOUR
May 16, 2019
FUTURES UPDATE

2. WHERE WE’RE AT
ACQUISITION STRATEGY
28 Fitchburg (Somerville)
LEASE STRATEGY
200 Exchange (Malden)
10 Tyler Street (Somerville)

3. ACQUISITION + $25M
• CAPITAL PARTNER 1
Letter of Intent Signed
28 Fitchburg, Brickbottom
• CAPITAL PARTNER 2
Exploring Opportunities
28 Fitchburg, Brickbottom

4. KEY CONDITIONS ACQUISITION
• Partnership, Sole Use Tenant
• $19SF NNN Lease $1,571,034
• $4SF NNN $338,744
• Ramp-up Period
• $3M Tenant Improvement Allowance
• 15 Year Lease, 2 5-year Extensions
• 5% Ownership Stake In Building

5. KEY CONDITIONS Lease (200 Exchange)
• < $17SF NNN Lease $850,000
• < $5SF NNN $250,000
• Ramp-up Period
• $3M Tenant Improvement Allowance
• 10 Year Lease, 2 5-year Extensions

6. KEY CONDITIONS Lease (10 Tyler)
• < $16SF NNN Lease $672,000YR
• < $7SF NNN $294,000YR
• $30K Tenant Improvement Allowance
• Sublease Provision
• 4 Year Lease

7. SUMMARY
BRICKBOTTOM 84,686SF
• $1,909,778 / $159,148
200 EXCHANGE 50,000SF
• $1,100,000 / $91,666
10 TYLER STREET 42,000SF
• $966,000 / $80,500

8.
AFFORDABLE
ART STUDIOS
32%
MAKER
MEMBERSHIP
23%
STARTUP
SPACES
18%
EDUCATION
PROGRAM
14%
COWORKING
OFFERING
6%
STORAGE
SPACE
4%
TOURS
2%
EVENTS
1%
EARNED INCOME POTENTIAL
YEAR 1
$2,371,500

9. LET’S TALK