This is the deck from PeerRealty's October 8, 2015 webinar on the Ameritus Real Estate Fund, our latest real estate crowdfunding offering. Visit http://resources.peerrealty.com/ameritus-real-estate-fund-webinar-video to view the replay of this webinar.

1. OFFERING
MEMORANDUMby
Ameritus Real Estate Fund
Chicago, IL
An Office Property Fund
acquisitions by Ameritus LLC
www.askameritus.com

2. DISCLAIMER
Ameritus Real Estate Fund
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended
to be reviewed only by the party receiving it from PeerRealty, LLC and should not be made available to any other
person or entity without the written consent of PeerRealty, LLC. This Marketing Brochure has been prepared to
provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of
interest in the subject property. The information contained herein is not a substitute for a thorough due diligence
investigation. PeerRealty, LLC has not made any investigation, and makes no warranty or representation, with
respect to the income or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence or absence of
contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical
condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this
Marketing Brochure has been obtained from sources we believe to be reliable; however, PeerRealty, LLC has not
verified, and will not verify, any of the information contained herein, nor has PeerRealty, LLC conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the
accuracy or completeness of the information provided. All potential buyers must take appropriate measures to
verify all of the information set forth herein.

3. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
8
PROPERTIES
ACQUIRED
In Chicago’s River North,
West Loop and North
Shore market.
14-16%
PROJECTED
IRR
$10-$50M
TARGETED
COST
of each additional property
to be acquired by Fund.

4. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
This is an opportunity to invest in a sponsor co-invest fund that currently holds
over a half-dozen office properties in Chicago’s River North, West Loop and North
Shore markets. The fund is managed by a highly sophisticated institutional group,
and offers significant value-add upside.
Executive summary

5. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
Ameritus, LLC (“Ameritus” or the “Firm”) is seeking equity commitments from investors to capitalize Ameritus
Real Estate Fund, LP (the “Fund”). The Fund offers investors the opportunity to co-invest through the Fund with
institutional and other capital partners (the “Joint Venture Partners”). The Fund intends to co-invest with Joint
Venture Partners to make investments in office, industrial, market-rate apartment, and retail properties located
in greater Chicago and Southeast Wisconsin.
The Fund intends to employ a value add strategy of investing in cash-flowing assets that are not stabilized and
which offer significant upside through re-tenanting, physical enhancements, repositioning in the market, and/or
financial restructuring. Targeted assets are expected to include:
• Urban office buildings with an opportunity to provide creative office space with the addition of amenities
and improvement of the tenant environment.
• Suburban office buildings that can be purchased at a discount to replacement cost and repositioned to
have a competitive advantage over similar properties in their submarket.
• Urban and transit-oriented retail located in densely populated locations which may require additional
leasing or renovation.
• Urban industrial assets in submarkets with limited supply or are positioned to be converted to a higher and
better use due to neighborhood gentrification.
• Suburban industrial assets, located in established markets with limited new supply available and require
capital to re-tenant, expand, or renovate.
• On a limited and opportunistic basis, for-lease, market rate, multi-family assets which require capital to
renovate, complete, or convert and are located in densely populated neighborhoods.
Investment Summary

6. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
As of July 31st, 2015 the fund has acquired the following assets:
213 W. Institute Place -a 150,000 SF creative loft office building in Chicago’s River North Sub-
Market
549 W. Randolph - a 100,000 SF creative loft office building in Chicago's West Loop Sub-
Market
Chicago Avenue Parking - bolt-on acquisition of a 30-car parking lot adjacent to 213 W.
Institute Place
North Shore Office Portfolio - a 340,000 SF portfolio of six single story office and flex
industrial assets along Chicago’s North Shore
• 2201-2231 Lakeside Dr., Bannockburn, IL
• 666 Dundee Rd., Bldgs. 300, 700, 1100, 1300, 1500-1900, Northbrook, IL
• 778 Frontage Rd., Northfield, IL
• 1221-1311 Rand Rd., Des Plaines, IL
• 3330 Old Glenview Rd., Wilmette, IL
• 5225 Old Orchard Rd., Skokie, IL
Property Summary

7. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
Ameritus is a Chicago based investment and management firm that has focused on commercial real
estate services for third parties and its own account. Founded in 1999, the Firm is a full service real
estate investor and operator with experience in leasing, asset and property management, acquisitions,
construction management, and capital markets. The principals of Ameritus are Jeb Scherb, Bert Scherb,
Benjamin Nummy, and Bob Budington (the “Principals”), who have significant institutional real estate
experience, having held key positions at firms such as Grubb & Ellis, Morgan Stanley, and Jones Lang
LaSalle.
Because of its in-house operational capabilities and the experience of its Principals, Ameritus believes
that the Fund is positioned as an ideal joint venture partner to institutional investment partners and
private equity firms seeking to invest in commercial real estate in the Midwest.
Sponsor Summary

8. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
All four Principals have deep relationships in and knowledge
of the greater Chicago and Southeast Wisconsin markets.
Historically, Ameritus has focused on development and
redevelopment of projects in the Chicago central business
district and the Chicago suburbs. The Firm’s expertise in
repositioning complex real estate assets has been
recognized by Building Owners and Managers Association
(BOMA), which awarded Ameritus a “TOBY” Award for its
management and renovation of 211 West Wacker Drive in
2007. Further, the Firm’s sustainability efforts led the building
to obtain Silver LEED status, at the time the oldest building in
the State of Illinois to achieve the designation.
Sponsor Summary

9. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
A strategic focus of the Fund has been to acquire Class B loft office space and
upgrade it into Class A creative office space, as demonstrated by the Fund’s
acquisition of 213 W. Institute Place. This strategy is driven by the strong demand of
technology users to locate into unique and collaborative urban office environments.
More traditional businesses are now joining these high growth users in following this
trend. As such, the River North submarket in Chicago continues to lead market
occupancy at 91%. Class A buildings in this submarket have less than 3.5% vacancy
according to CBRE. The creation of a technology corridor in the West Loop has also
prompted CBRE to recognize the area as a new submarket, as older manufacturing
buildings are being converted to creative office space.
The North Shore properties are extremely well located at various interchanges along
the Edens Expressway (I-94/Rt. 41) approximately 25 miles north of Chicago, IL. This
stretch of roadway is the closest highway system to the Lake Michigan shoreline in the
area and services affluent and densely populated suburbs such as Wilmette,
Winnetka, Highland Park, Deerfield, and Lake Forest. In a 7-mile radius of the
Northbrook Office Court, there is a population of 325,769 with a median household
income in excess of $87,500. The population within a 10-mile radius is 746,535.
Market Summary

10. This information is proprietary and strictly confidential, and is intended to be reviewed only by the party receiving it from Peer Realty, LLC. It should
not be made available to any other person or entity without the written consent of Peer Realty, LLC. This presentation has been prepared to provide
summary information to prospective investors, and the information contained herein is not a substitute for a thorough due diligence investigation.
Ameritus Real Estate Fund
PeerRealty.com
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