OUR REIT DISTRIBUTIONS TO DATE

1

THE INCOME REIT

Since the income REITs inception in 2016, investors have received 66 monthsof consecutive distributions totaling $21.1MM.

2

6.0%

ANNUALIZED DISTRIBUTIONS (NET OF FEES) AS OF 04/30/20

DISCLAIMER

3

THE APARTMENT GROWTH REIT

Since the Apartment Growth REIT’s inception in 2017, investors have received 17 quarters of consecutive distributions to investors totaling over $7.7MM.

4

4.5%

ANNUALIZED DISTRIBUTIONS (NET OF FEES) AS OF 1/1/18

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