Investment Parameters

CHI’S FUND WILL INVEST IN VESTA ACQUISITIONS AND IN ASSET CLASSES WITH WHICH VESTA HAS INTIMATE KNOWLEDGE.

These will include:

Existing Affordable Housing (residents earn at or below 60% Area Median Income);
- Acquisition of Low Income Housing Tax Credit (“LIHTC”) partnership positions, while the tax credits are still flowing to the initial investor;
- Acquisition of LIHTC properties during the compliance or extended use periods;
Workforce Housing (residents earn 80- 120% Area Median Income);
Class B / C Housing (no existing Affordability Restrictions);
Strategic portfolio acquisitions. The fund will acquire properties that will benefit from Vesta’s integrated owner / manager structure to deliver consistently strong returns to the investors.

CHI FUND I RETURN PROFILE

IRR – 8-10% to Investors
Cash on Cash – 6% Preferred Return to Investors
Total Fund Size – $10,000,000

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Sponsor Co-invest of 10%
First Loss Protection up to 20%
Investors will be paid their Return prior to Sponsor’s Returns

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