BH Bradley 2015 LLC is an investment in a fund sponsored by BH Equities, LLC, an affiliate of BH Management Services, LLC (“BH”), a real estate firm specializing in acquisitions, equity placement, and development of multi-family properties. BH Equities’ portfolio and management includes over 90,000 apartment units in 20 states, and in terms of units, is one of the 20 largest apartment operating and management firms in the United States. BH Equities has corporate offices in Texas, Florida, Illinois, South Carolina and Iowa, and has been involved as a principal co-developer of more than 100 partnerships to acquire or build apartment properties.

This project is sponsored by BH New Opportunity Fund 2015, L.P., a BH Equity entity, that was created to co-invest with other real estate development/investment companies for the purpose of acquiring, renovating and owning multi-family housing properties throughout the United States. The properties in the fund were purchased at attractive pricing with favorable financing terms. With a strategic upgrade plan, these communities have become competitive with the newer, Class A product in the eyes of many prospective apartment residents.

The 2015 Fund contains a lineup of a mix of consistently-performing properties located in desirable submarkets within the Southwest, Midwest, the Mid-Atlantic, Florida and Texas. The properties were purchased at attractive prices, financed with excellent credit terms, and positioned to outperform their competition upon renovation and improved marketing and management teams. The BH 2015 fund includes nineteen multi-family communities and over 6,200 apartments.

This investment was made in June 2015.