Track record

25 realized investments. 25 returned capital plus profit.

Value-add multifamily investments sourced by CRP and taken full cycle, from acquisition through sale, across Texas and Florida.

35%

Average investor IRR

2.05x

Average equity multiple

3.0 yrs

Average hold period

4,136

Units taken full cycle

Realized

Realized investments sourced by CRP

Property	Location	Units	Acquired	Sold	Hold	Investor IRR	Multiple
Tree Top	Grand Prairie, TX	128	Sep 2020	Dec 2022	2.2	22%	1.50x
Heritage at Temple Terrace	Temple Terrace, FL	126	Mar 2019	Jan 2022	2.9	24%	1.85x
Escondido Village	San Antonio, TX	388	Feb 2019	Dec 2021	2.8	4%	1.12x
Oaks at San Jose	Jacksonville, FL	200	Feb 2019	Oct 2021	2.7	29%	1.99x
Spanish Square	Haltom City, TX	168	Jun 2018	Apr 2022	3.8	7%	1.27x
Corey Place	Grand Prairie, TX	276	Jun 2018	Jul 2021	3.1	14%	1.44x
The Heights	Irving, TX	79	Jun 2018	Dec 2020	2.6	16%	1.42x
Brittney Place	Irving, TX	169	Jun 2018	Dec 2020	2.6	16%	1.41x
The Fountains	San Antonio, TX	101	Mar 2018	Dec 2021	3.8	8%	1.32x
Villas at Cedar Creek	Jacksonville, FL	118	Mar 2018	Nov 2019	1.6	24%	1.54x
St. Moritz	Tampa, FL	168	Mar 2018	Aug 2021	3.4	5%	1.16x
The Plaza Apartments	Jacksonville, FL	280	Nov 2017	Dec 2019	2.1	24%	1.50x
Cortez Plaza Apartments	Bradenton, FL	84	Jun 2017	Feb 2022	4.7	6%	1.31x
Reserve at Lake Buchanan	Orlando, FL	151	Jun 2017	Oct 2019	2.3	22%	1.59x
La Bella Palms	Dallas, TX	117	Jun 2017	May 2019	1.9	15%	1.30x
Planters Walk	Jacksonville, FL	216	Feb 2017	Sep 2020	3.5	16%	1.69x
Villas at 17th	Kissimmee, FL	130	Sep 2016	Apr 2021	4.6	26%	2.60x
Silversmith Creek	Jacksonville, FL	140	Jun 2016	Mar 2018	1.8	73%*	2.38x
The Oaks	Balch Springs, TX	148	Nov 2014	Jun 2018	3.6	42%	3.55x
Pepper Place	Richardson, TX	88	Nov 2014	Nov 2018	4.0	26%	2.14x
Tierra Del Sol	Irving, TX	260	May 2014	May 2016	2.0	135%*	4.70x*
Cooks Creek	Farmers Branch, TX	255	Mar 2014	Mar 2016	2.0	127%*	4.20x*
Gardens on Walnut	Garland, TX	160	Dec 2013	Dec 2015	2.0	72%*	2.50x*
Bay Island Apartments	Garland, TX	120	Nov 2013	Apr 2016	2.4	62%*	2.51x*
Longhorn Cove	Denton, TX	66	May 2013	Dec 2019	6.6	49%*	3.30x*

Investor IRR and equity multiple are shown for each realized investment, net of all fees and the sponsor's profit share, at the investor-class level. They include post-sale distributions and proceeds from the 2023 litigation settlement. Figures are unaudited, and individual investor returns vary. Averages above are simple averages across the realized investments, not weighted by equity invested. Hold period in years. Past performance is not a guarantee of future results.

* From internal records that predate our current deal-level reporting; supporting sale statements are not available. Unaudited.

Current portfolio