BH Bradley 2012 LLC in an investment in a fund sponsored by BH Equities, LLC, an affiliate of BH Management Services Inc., a real estate firm specializing in acquisitions, equity placement, and development of multi-family properties. BH Equities’ portfolio and management currently includes more than 90,000 apartment units in 20 states and is one of the 50 largest, in terms of units, apartment owners 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 92 partnerships to acquire or build apartment properties.

This project is sponsored by BH New Opportunity Fund 2012, 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 Fund includes a number of portfolios across the country, including thirteen apartment communities across Illinois, Texas, Florida, and Virginia. The properties were purchased at attractive prices; financed with favorable credit terms; and positioned to outperform their competition upon rehab completion and improved marketing and management teams.

This investment was made in March 2012.