BH Bradley 2013 LLC is an investment in a fund sponsored by BH Equities, LLC, an affiliate of BH Management Services LLC, 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 in terms of units, is one of the 40 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 2013, 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. These properties were purchased at attractive prices with favorable financing terms. With a strategic upgrade plan, these communities have become very competitive with the newer, Class A product in the eyes of many prospective apartment residents.

The 2013 Fund includes a number of portfolios across the country, including 9 multi-family communities. These properties represent a diverse mix of communities located in desirable submarkets within the Midwest, the Mid-Atlantic, Florida and Texas. 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 April 2013.