Oak Residential Brochure2017

Bringing perspective to the business of real estate investing.

BEST IN CLASS STRATEGY

Oak Residential Partners invests in high quality
multifamily rental properties nationwide. With an
entrepreneurial spirit, a strict emphasis on capital
preservation, and a commitment to achieving
above average industry returns, Oak’s seasoned
principals boast decades of experience successfully
navigating multiple economic cycles.

EXPERIENCE

Since 1992, our principals have invested in
value-add multifamily opportunities on behalf
of institutional equity investors as well as high
net worth private investors. This deep
experience allows us to adapt to any market
condition and remain committed to delivering
superior returns.

INVESTED IN OVER

17,500 units

DISCIPLINED APPROACH

We seek to generate above-market, risk-adjusted returns; and we do this through a disciplined
approach that focuses on revenue generation, optimizing operating margins, and capitalizing on
multifamily investment appreciation. Simply put, Oak understands value, which allows us to identify
multifamily properties prime for new management or market repositioning. In addition to our fresh
and engaging perspective on multifamily investing, we are deeply rooted in a conservative
approach. We strictly adhere to the tenets of historically sound investing principles, which we
believe to be unchanging, regardless of market trends.

P os i t i ve Cons ervat i ve Ins t i t ut i onal Long-Term Attractive
Demographic Inves t m ent Operating Rent To tal
& Economic Standards Return
Fundamentals Growth
Oppo rtuni ty
Discount Value-Add Improving Revenue
to Opportunities Margins Growth &

Replacement Capital
Cost Appreciation

VISION AND EXECUTION

Oak Residential Partners adheres to the core objectives of building successful long-term relationships with
investors by identifying optimal opportunities and applying our best-in-class business strategy to preserve
capital and maximize value. The company is currently targeting acquisitions, developments, financing
opportunities, redevelopments and sales that have the ability to create long-term value while providing
predictable intermediate returns to investors.

SOLD SOLD

Station at Mason Creek (Texas) Trails at Lakeside (Indiana)
Acquired: June 2013 Acquired: March 2013
Sold: September 2017 IRR: 21.5% Sold: September 2016 IRR: 97.5%

SOLD AVERAGE INTERNAL
RATE OF RETURN

31.6%

JeffJack Apartments (Illinois)

Preferred Equity Investment: November 2013

Development Opportunity

Sold: July 2015 IRR: 29.5%

SOLD SOLD

Reserve at Conway (Florida) Mills Run (Ohio)
Acquired: September 2010
Acquired: March 2012 Sold: December 2013 IRR: 24%

Sold: July 2015 IRR: 29.6%

FUNDAMENTAL TRANSPARENCY BOUGHT AND SOLD OVER

Oak’s leadership team members are true partners who invest $2.2 Billion
in each transaction. Through in-depth quarterly investment
summaries, our any time availability, and a culture built upon
disclosure and transparency, Oak Residential Partners
fosters confidence at every stage of investment.

After

Flats@55twelve (North Carolina)

Flats @55Twelve Before BENEFITS OF MULTIFAMILY
As hford at Geneva Before REAL ESTATE INVESTING

* As an asset class, multifamily investments have a long track record of
stable and consistent returns and deliver diversification benefits to
alternative investment portfolios.

* Relative to other real estate investments, multifamily offers a superior
hedge against inflation due to the short-term nature of apartment leases.

* Apartment properties vary widely in terms of age, size, quality, and
location, creating a broad specturm of opportunities and investment
strategies.

* Multifamily fundamentals have remained strong in times of economic
growth and prosperity and resilient during market downturns.

After

Ashford at Geneva (Illinois)

INVESTMENT CRITERIA

Oak Residential Partners, LLC targets stabilized, income-producing properties that provides
the ability to create value over a five to ten year hold period through continued investment in
the asset, improved property operations, strategic capital deployment and strategic leasing.

PROPERTY CHARACTERISTICS

* Garden-style, mid-rise, and high-rise rental apartment communities
* Prefer 150 units minimum. 1980's construction and newer, but will consider older and

smaller communities based upon geographic location and specific opportunity
* Institutional-quality amenity package and floor plans layouts, a strong unit mix, and

attractive grounds

MARKETS

* Primary and secondary markets across the United States. Current strong emphasis in
the Southeast and Southwest.

* Strong locations within the local submarkets with high barriers to entry, good
visibility, strong local employment and access to transportation

INVESTMENT PARAMETERS

* Minimum investment: $10,000,000; no maximum size
* Targeted size: $15 to $60 million
* Typically use long term, fixed rate debt at 65% - 80% LTV
* Typical hold period of 5-10 years

YIELD REQUIREMENTS

* Positive cash flow in-place with year one cash-on-cash returns in the mid-single
digits at a minimum

* Project level leveraged IRR in excess of 15%

ACQUISITION AND INVESTMENT STRATEGY

* All-cash or subject to attractive assumable in-place financing
* Properties with value-add component will be given strong consideration
* Tax credit or bond financed properties
* Partnership buyout or restructurings
* Acquisition of performing, non-performing, or mezzanine notes
* Preferred equity or mezzanine investments

EXECUTIVE BIOGRAPHIES

Richard J. Wise Richard Wise has been involved in multifamily investment and finance
since 1994, successfully completing over $1.6 billion in transactions
Managing Principal encompassing more than 18,000 apartment units. Mr. Wise boasts a
well-rounded background in acquisitions, dispositions, development,
finance, asset management, and property operations. He offers
extensive national investment experience, completing transactions in
most major markets across the country. As a Managing Principal of
Oak Residential Partners, Mr. Wise utilizes his broad experience and
deep market knowledge of the multifamily industry to direct all
investment, finance, and asset management activities for the
company, as well as leading its national property acquisition efforts.
Mr. Wise sits on the Investment Committee for both Oak Residential
Partners and Oak Realty Group.

Prior to co-founding Oak Residential Partners, Mr. Wise was Senior
Vice President of Multifamily Investments for Waterton Associates.
Prior to that, he worked for Archstone-Smith Trust acquiring and
developing apartment communities, and was a Principal with a
boutique private real estate group redeveloping affordable properties
around Chicago. Mr. Wise received his M.B.A. from the University of
Chicago Booth School of Business and graduated from the University
of Illinois Urbana-Champaign. He is also a certified public accountant.

Adam M. Levine Adam Levine began his career in commercial real estate in 1992 and
has since completed over $1.3 billion in real estate investment
Managing Principal transactions. An entrepreneur throughout his career, Mr. Levine
founded Oak Realty Group in 2001, acquiring commercial real estate
investments with a continuous focus on high quality investment
opportunities that achieve above market returns with capital
preservation as the guiding principle. In 2009, Mr. Levine co-founded
Oak Residential Partners, LLC expanding into the multifamily market
with the same vision. Mr. Levine leads capital market activities and
participates in all acquisition and disposition decisions for both Oak
Realty Group, Inc. and Oak Residential Partners, LLC. He directs
asset management and administrative activities for Oak Realty Group,
Inc.

Prior to forming Oak Realty Group, Mr. Levine was an Asset Manager
for Banyan Strategy Realty Trust (NASDAQ: BSRTS), where he was
responsible for a diverse portfolio of commercial, industrial and
multifamily investments. Mr. Levine is a licensed Illinois Real Estate
broker and graduated from the University of Illinois Urbana-
Champaign.

EXECUTIVE BIOGRAPHIES

Matthew Cohen Matthew Cohen has over 15 years of professional experience in
the real estate industry, including 12 years of concentration on
Senior Vice President, multifamily apartments. Mr. Cohen’s career has focused on the
Operations & Asset acquisition, asset and property management of institutional grade
Management real estate. As Senior Vice President at Oak Residential Partners,
Mr. Cohen is responsible for all operations, capital execution and
asset management functions on Oak’s multifamily portfolio
as well as coordinating due diligence and transitioning for
new investments. He oversees a team of asset management,
marketing and design professionals to oversee all operations
of our multifamily assets and execute the value-add
strategy on all new acquisitions.

Prior to joining Oak Residential Partners, Mr. Cohen was a Vice
President with Metropolitan Properties of America (“MPA”), a
national multifamily apartment owner and operator, headquartered
in Boston, Massachusetts, and Capital Properties located in New
York, a prominent privately held real estate firm. In his various
roles, Mr.Cohen was responsible for 5,000 apartments and more
than 1.3 million square feet of commercial space in markets
throughout the United States. Mr. Cohen graduated from the
University of Vermont with Bachelor of Arts and Science with a
dual focus in English and Political Science.

Robert Hamor has 30 years of both institutional and private real
estate experience contributing to the execution of over $4.5
billion in multifamily, retail, office, industrial, and land transactions
including acquisitions, investment sales, joint ventures, and
advisory assignments. As Executive Vice President at Oak
Residential Partners, Mr. Hamor is in charge of spearheading the
company’s property acquisition activity in the southeastern region
of the United States as well as working with the company
principals to coordinate the company’s capital market activities.

Robert H. Hamor Prior to joining Oak Residential Partners, Mr. Hamor was the
Managing Principal of Platinum Properties-Commercial which
Executive Vice President, focused on purchaser ’s representation, equity placement, and
Acquisitions & Capital advisory work. Since 1987, Mr. Hamor has worked on property
Markets acquisitions and investment sales in various markets throughout
the United States with a primary focus on the southeast region of
the country. Mr. Hamor worked with established real estate heavy-
weights, such as Landauer/Baring Advisors, and the RREEF
Funds in New York City and Ram Development, DTZ Rockwood,
and Atlantic Creek Real Estate Partners in Palm Beach, Florida.

Oak Residential Partners, LLC Adam M. Levine
740 Waukegan Road, Suite 310 847.943.0731
Deerfield, Illinois 60015 alevi ne@oakr p. c om
847.400.5700
www. oakr p. c om

Richard J. Wise
847.943.0732
r wi se@oakr p. c om