OVERVIEW

Portfolio sale on June 1, 2018, consisting of nine investments totaling $84.1 million in sales price and 1.4 million square feet located throughout Dallas-Fort Worth, TX and Atlanta, GA. Portfolio received material institutional interest and was ultimately sold to a real estate private equity manager in a JV with a regional operating partner. Realized gross levered portfolio return of 27.7% IRR and 1.81x equity multiple. Achieved a portfolio premium of approximately 10.0%.