ORP Brochure

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

JeffJack Apartments (Illinois) Mills Run (Ohio)
Acquired: November 2013 Acquired: September 2010
Sold: July 2015 IRR: 29.5% Sold: December 2013 IRR: 24%

SOLD AVERAGE INTERNAL
RATE OF RETURN

31.6%

Station at Mason Creek (Texas) SOLD
Acquired: June 2013
Sold: September 2017 IRR: 21.5%

SOLD

Trails at Lakeside (Indiana) Reserve at Conway (Florida)
Acquired: March 2013 Acquired: March 2012
Sold: September 2016 IRR: 97.5% 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)

As hford at Geneva Before BENEFITS OF MULTIFAMILY
Flats @55Twelve 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 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.

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 completed over $1.3 billion of real estate investment transactions.
Managing Principal An entrepreneur throughout his career, Mr. Levine
co-founded Oak Realty Group in 2001 and then Oak Residential
Partners in 2009, with a continuous focus on high-quality real estate
investment opportunities that achieve above market returns with
capital preservation as his guiding principles. Adam leads capital
market activities and participates in all acquisition and disposition
decisions for both Oak Realty Group and Oak Residential
Partners. He directs asset management and administrative activities
for Oak Realty Group.

Prior to forming Oak Realty Group, Mr. Levine was an Asset Manager
for Banyan Strategic Realty Trust (NASDAQ: BSRTS), where he was
responsible for a diverse portfolio of commercial, industrial, and
multifamily properties. Adam is an licensed Illinois real estate
salesperson, and graduated from the University of Illinois Urbana-
Champaign.

EXECUTIVE BIOGRAPHIES

Matthew Cohen Matthew Cohen has over 12 years of professional experience in
the real estate industry, including 10 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,
Matthew is responsible for all asset management functions on
Oak’s existing multifamily portfolio as well as coordinating due
diligence and transitioning for new investments. 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. Matthew graduated from the University of Vermont
with Bachelor of Arts and Science with a dual focus in English and
Political Science.

Robert H. Hamor Robert Hamor has 30 years of both institutional and private real
estate experience contributing to the execution of over $4.5 billion
Executive Vice President, in multifamily, retail, office, industrial, and land transactions
Acquisitions & Capital including acquisitions, investment sales, joint ventures, and
Markets 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.
Prior to joining Oak Residential Partners, Bob was the Managing
Principal of Platinum Properties-Commercial which focused on
purchaser ’s representation, equity placement, and advisory work.
Since 1987, Mr. Hamor has worked on property acquisitions and
investment sales in various markets throughout the United States
with a primary focus on the southeast region of the country. Bob
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