Colorado

Target IRR:                                      26.66%

Targeted Equity Multiple                     1.98X

Targeted Investment Period             3 years

Total Equity

$6,700,000

Florida

Target IRR:                                      20.75%

Targeted Equity Multiple                     1.44X

Targeted Investment Period             3 years

Total Equity

$1,750,000

New Mexico

Target IRR:                                        25.7%

Targeted Equity Multiple                     1.95X

Targeted Investment Period             3 years

Total Equity

$4,500,000

Colorado

Target IRR:                                      23.19%

Targeted Equity Multiple                     2.23X

Targeted Investment Period             3 years

Total Equity

$8,300,000

Colorado

Target IRR:                                        21.2%

Targeted Equity Multiple                     1.75X

Targeted Investment Period             2 years

Total Equity

$6,100,000

Arizona

Target IRR:                                      23.83%

Targeted Equity Multiple                     2.22X

Targeted Investment Period             3 years

Total Equity

$5,500,000