INVEST WITH BLUE OAK CAPITAL

TRACK RECORD &

SPONSOR OVERVIEW

BLUE OAK CAPITAL

TRACK RECORD DETAILS:

Current AUM:

$116,575,000

Equity Placed:

$19,400,000

Total Assets Under Contract:

$34,500,000

Projected Capital Raise:

$18,462,000

PROJECTS

UNDER CONTRACT:

ZOCALO

Stabilized, Cash Flowing B-Class
Asset in Houston, TX

Purchase Price:

$34,500,000

Key Metric Overview:

Projected Equity Raise:

$18,462,000

Total Cost:

$39,162,000

Loan Amount:

$20,700,000

Total # of Units:

236

Year Built:

1978

Projected Target Average Cash on Cash: Raise:

7%+

Target IRR:

7%+

Target Equity Multiple:

1.7x

ZOCALO PROPERTY OVERVIEW

& BUSINESS PLAN:

Zocalo is a fully stabilized, 96% occupied 236 unit B-Class asset in the Spring Branch submarket ofHouston, TX.The property has received north of $11m in CapEx from previous ownership making it adesirable, turn-key, cashflowing asset. The property is located next door to our most recentacquisition, Hollister Oaks.

Our business plan is to implement a light value-add componentthat includes adding washer & dryerconnections to 1 Bedroom Homes, installation of smart-home technology to modernize theproperty (locks & thermostats),installation of a pet washing station at the dog park, and addingadditional covered parking.

Implementingtheseimprovements tohelpcapture market rents,and drivingefficienciesinexpenses through market concentration willallowus to capture the remaining upside while cashflowing from day1.

PAST

PROJECTS:

HOLLISTER OAKS

1920 Hollister St, Houston, TX 77080

Property Type:

Multifamily

# of Units:

60

Year Built:

2017

Key Metric:

Loan Amount:

$7,924,812

Date of Acquisition:

February 2022

Cap Rate:

4.00%

Market Value:

$10,575,000

Equity Placed:

$3,700,000

Target Average Cash on Cash:

6%+

Target IRR:

15%+

Target Equity Multiple:

1.9x

ZOCALO PROPERTY OVERVIEW

& BUSINESS PLAN:

HollisterOakswas acquired due to its attractive location, age, and upside potentialdue to poormanagement.

It was discovered during due diligence and confirmed post-acquisition that the previous property managerwas allowing lowquality tenants in this Class-A asset. Many long term leases were $200-300+ below market,and the quality of the approvedresidents on-site was low. This left significant upside to repurpose theresident base, implement a light value-add plan, and drive the NOI to its potential through rate increases tomarket rent

PROPERTY

PERFORMANCE

Hollister Oaks was acquiredin February 2022. Itiscurrently undergoing are purposing of residents and is currently 87% occupied, 90% pre-leased.

LONE

OAK

HOLLISTER OAKS

1801 Lone Oak Rd, Weatherford, TX 76086

Property Type:

Multifamily

# of Units:

396

Year Built:

2020

Key Metric:

Loan Amount:

$58,700,000

Date of Acquisition:

November 2022

Cap Rate:

3.75%

Market Value:

$78,500,000

Equity Placed:

$5,800,000

Target Average Cash on Cash:

7%+

Target IRR:

33%+

Target Equity Multiple:

2x

LONE OAK PROPERTY OVERVIEW

& BUSINESS PLAN:

Lone Oak was a new-construction asset acquired during lease-up. It is located in Weatherford, TX, a fast-growing submarket of Dallas-Fort-Worth. The developer left plenty of upside potential with its lack ofenhanced and modern amenities. Our business plan is to lease up the property, upgrade units with a tile backsplash and tech package, and improve the amenities on-site suchas the pool.

PROPERTY

PERFORMANCE

Lone Oak was acquired in November 2021. It is fully stabilized and is currently 96% occupied, 98% pre-leased.

“3-PACK”

COLUMBUS 151

4645 Tamarack Blvd, Columbus, Ohio 43229

Property Type:

Multifamily

# of Units:

151

Year Built:

1970s

Key Metric:

Loan Amount:

$6,675,000

Date of Acquisition:

October 2021

Cap Rate:

4.74%

Market Value:

$8,900,000

Equity Placed:

$4,300,000

Target Average Cash on Cash:

8%+

Target IRR:

14%+

Target Equity Multiple:

2x+

THE “3-PACK” PROPERTY OVERVIEW

& BUSINESS PLAN:

The “3-Pack” portfolio in Columbus, Ohio consists of three Class-C assets all acquired from the same seller in a B-Class area. They are in close proximity to each other, leaving an opportunity to leverage economies of scalethrough management. These properties were acquired for an attractive cost-basis and had a lot of potential upside through renovations. Over $1m of CapEx is currently being injected into the property. They were acquired using three separate loans, leaving maximum flexibility to refinance or sell any of the assets individually to further improve investor returns.

PROPERTY

PERFORMANCE

The Columbus portfolio was acquired in October2021. It is still undergoing are purposing of residents and renovations and is currently 81% occupied

THE

SOPHIA

11500 Green Plaza Dr, Houston, TX 77038

Property Type:

Multifamily

# of Units:

240

Year Built:

1979

Key Metric:

Loan Amount:

$17,924,000

Date of Acquisition:

May 2021

Cap Rate:

5.60%

Market Value:

$18,600,000

Equity Placed:

$5,600,000

Target Average Cash on Cash:

8%+

Target IRR:

20%+

Target Equity Multiple:

2x+

THE SOPHIA PROPERTY OVERVIEW

& BUSINESS PLAN:

The Sophia, formerly known as Canyon Club, was acquired from a 20+ year, mom & pop owner who did no renovations to the property during ownership. At the time of acquisition, the property had extremely high occupancy due to low rents but provide da poor quality of living for families on-site. We plan to inject over$3.8m of CapEx into the property to bring this property back to life.

PROPERTY

PERFORMANCE

The Sophia was acquired in May 2021. It is still undergoing a repurposing of residents and renovations and is currently 93%occupied. Most exterior CapEx improvements have been made, and units are being fully renovated as they become available