Private Real Estate · Delaware LP · Rule 506(b) · §3(c)(5)(C) 1940 Act

Institutional Quality.
Enduring Returns.

VanTerra Capital Holding Fund, LP acquires, repositions, and manages income-producing real estate across New York, New Jersey, Pennsylvania, and Maryland — delivering superior risk-adjusted returns to accredited investors through a four-class diversified strategy.

$50MTarget Offering
9–12%Target Net IRR
6%Preferred Return p.a.
10 yrFund Term
506(b)Reg D Exemption
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SEC COMPLIANCE NOTICE: This website is for informational purposes only and does NOT constitute an offer to sell or solicitation to buy any security. Interests are offered exclusively to Accredited Investors (Rule 501(a) of Reg D) pursuant to Rule 506(b) with no general solicitation. Pre-existing substantive relationship with VanTerra Capital required. NOT accessible via any public advertisement. Prospective investors must read the complete PPM (Parts 1–3) and LPA before making any investment decision. Target returns are aspirational only — not guarantees. Investors may lose their entire investment. This site has been reviewed for Rule 506(b) compliance by securities counsel.

Workforce Multifamily — 35%NNN Commercial Leases — 25%Flex-Space Development — 20%Value-Add Mixed-Use — 20%6% Preferred Return (Compounded)3-Layer Clawback ProtectionLPAB Governance — 5 MembersESG Binding CommitmentsRule 506(b) · §3(c)(5)(C)MFN Rights — 30 Day WindowWorkforce Multifamily — 35%NNN Commercial Leases — 25%Flex-Space Development — 20%Value-Add Mixed-Use — 20%6% Preferred Return (Compounded)3-Layer Clawback Protection
Our Philosophy

Value Creation
Through Precision

We believe enduring wealth is built through disciplined acquisition of fundamentally sound assets, active operational management, and patient capital deployment — not leverage or speculation.

VanTerra targets workforce multifamily housing, triple-net leased commercial properties, flex-space development, and value-add mixed-use in the supply-constrained NY, NJ, PA, and MD markets.

01

Capital Preservation First

Every investment is stress-tested against adverse scenarios (+20% costs, +50% timeline, −10% rents, +100bps exit cap simultaneously). Margin of safety is non-negotiable.

02

Operational Excellence

Value is created through hands-on asset management — 20+ years of construction, development, and asset management experience across the United States and international markets.

03

Institutional Governance

5-member LPAB with binding approval powers, three-layer clawback, MFN rights, independent annual audit, and comprehensive LP reporting — institutional protections at an emerging manager price point.

04

Aligned Incentives

GP co-invests ≥1% (targeting 2%) on identical terms. 6% compounded preferred return before any carry. 15% clawback escrow + personal guarantee on all distributions. GP succeeds only when LPs succeed.

Investment Strategy

Four Asset Classes.
One Disciplined Strategy.

Deliberate diversification across income-producing and value-creation asset classes — with 60% in stabilized income-producing assets (Workforce MF + NNN) anchoring the portfolio, and 40% in value-creation strategies (Flex-Space + Mixed-Use) driving total return.

35%

Workforce Multifamily

Class B/C multifamily in urban and suburban NY/NJ/PA/MD markets. Value-add renovation programs targeting 20–49% NOI improvement. 80–300 unit communities.

IRR Target: 11–14%
25%

NNN-Leased Commercial

Long-term triple-net leases with essential service tenants (medical, pharmacy, QSR). Investment-grade or near-IG tenants. Predictable cash flows anchoring portfolio income.

IRR Target: 9–12%
20%

Flex-Space Development

Light industrial, flex-office, and last-mile logistics ground-up development. Structural demand from e-commerce, healthcare logistics, and suburban business formation.

IRR Target: 14–18%
20%

Value-Add Mixed-Use

Urban mixed-use asset repositioning — ground-floor commercial plus market-rate residential. Transit-oriented locations with strong demand drivers and upside potential.

IRR Target: 12–16%
Fund Terms — Summary

Aligned Economics.
Investor-Protective Structure.

Preferred Return6.00%Per annum, compounded annually
Carried Interest20% / 80%GP/LP — European whole-fund waterfall
Management Fee1.50% / 1.25%CP / Post-CP | Quarterly in advance | Fee offset mechanism
Clawback — 3 Layers15% + GP + $1MEscrow + GP entity + personal guarantee per principal
Target Offering$50,000,000Min: $25M | Max: $100M
Min LP Commitment$250,000GP co-invests ≥1% (targeting 2%)
Fund Term10 Years+2×1-year extensions | 4-year Commitment Period
LPAB Governance5 MembersBinding approval powers | 16 matters | Quarterly
Regulatory Compliance

Built for Institutional
Regulatory Standards.

⚖️
Rule 506(b) Compliant

No general solicitation. Pre-existing substantive relationships required. Website audited for 506(b) compliance.

🏛️
§3(c)(5)(C) 1940 Act

Primary exemption with quarterly qualifying asset monitoring. §3(c)(1) and §3(c)(7) backup exemptions maintained.

🛡️
ERISA — REOC Qualified

Real Estate Operating Company status monitored quarterly. LP notification if REOC status is at risk.

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AML/KYC Program

Full BSA/USA PATRIOT Act compliance program. CIP, beneficial ownership, OFAC/PEP screening, SAR filing capabilities.

📋
Bad Actor Rule 506(d)

Annual re-verification of all covered persons. 5-business-day disclosure obligation. Zero disqualifying events.

🌱
ESG Binding Commitments

Climate risk at underwriting. GRESB assessment beginning Year 2. SASB-aligned annual ESG report.

📊
Form ADV Registered

GP registered as ERA or RIA before soliciting investors. Form ADV publicly available on SEC IAPD.

🗽
NY Martin Act — Form 99

Filed within 15 days of first NY sale. Strict liability compliance. No endorsement by NY AG of offering merits.

🔐
Investor Portal Secured

256-bit encrypted investor portal. Password-protected access. All investor data protected by SSL/TLS encryption.

Accredited Investors Only

Ready to Explore
VanTerra Capital?

Request the complete PPM (Parts 1–3) and LPA from our secure Documents section, or contact Muhammad Nadeem directly for a confidential conversation.

This offering is made exclusively to Accredited Investors with pre-existing substantive relationships with VanTerra Capital pursuant to Rule 506(b) of Regulation D. No general solicitation. Past performance not indicative of future results. Investors may lose their entire investment.

Investment Thesis

Why These Markets.
Why Now.

The NY/NJ/PA/MD corridor represents one of the most supply-constrained, high-barrier-to-entry real estate markets in the United States. Structural undersupply in workforce multifamily, growing demand for essential service NNN properties, and the e-commerce-driven need for flex-space logistics create a compelling multi-cycle investment opportunity.

VanTerra's focus on the $2–15M equity investment range targets properties that are too small for large institutional buyers but too operationally complex for passive individual investors — accessing an inefficient market pocket with less competition and better relative value.

Market Opportunity

500,000+ unit workforce housing deficit in Metro NYC. Structural undersupply across all four target markets. New supply constrained by entitlements, construction costs, and financing availability.

Competitive Advantage

20+ years of hands-on development and construction expertise across the United States and international markets. Proprietary off-market sourcing. Vertically integrated construction, property management, and leasing capabilities.

Right-Sized Capital

$50M target positioning in the $2–15M equity range — the institutional blind spot. Less competition from large PE funds (too small) and more sophisticated than typical individual investors.

Return Thresholds

IC Memo required for every investment. Minimum: Unlevered IRR ≥7% | Levered IRR ≥11% | EM ≥1.50× | Cash Yield ≥5.5%. Full stress-case underwriting on every deal.

Asset Classes

Four Classes. One Portfolio.

01

Workforce Multifamily

35% Target Allocation

Class B/C apartment communities in supply-constrained urban and suburban submarkets. Value-add renovation programs targeting 20–49% NOI improvement through kitchen/bath/amenity upgrades. 80–300 unit communities with renovation upside.

Target IRR11–14%
Equity Multiple1.60–1.95×
Hold Period5–7 Years
Leverage55–70% LTC
02

NNN-Leased Commercial

25% Target Allocation

Long-term triple-net leased essential service properties — medical, healthcare, pharmacy, QSR — with creditworthy tenants. 7–15 year remaining lease terms. Predictable cash flows anchoring portfolio income. Annual rent escalation provisions.

Target IRR9–12%
Cash Yield5.5–7.5%
Hold Period7–10 Years
Min Lease Term7 Years
03

Flex-Space Development

20% Target Allocation

Ground-up development of light industrial, flex-office, and last-mile logistics facilities in target submarkets. Structural demand from e-commerce fulfillment, healthcare logistics, and suburban business formation. Pre-leasing campaigns initiated 6–12 months before delivery.

Target IRR14–18%
Dev Timeline18–36 Months
Hold Period7–10 Years
LTC Target55–70%
04

Value-Add Mixed-Use

20% Target Allocation

Urban mixed-use asset repositioning combining ground-floor commercial with market-rate residential. Transit-oriented locations with clear demand drivers. Complex repositioning leveraging GP construction expertise. Target 20–40% NOI improvement post-repositioning.

Target IRR12–16%
Equity Multiple1.75–2.20×
Hold Period5–8 Years
NOI Upside20–40%
ESG Framework

Binding ESG
Commitments.

VanTerra's ESG commitments are contractual obligations in the LPA — not aspirational goals. The GP is legally bound to implement and maintain these commitments throughout the Fund's life.

E
Environmental

Climate risk assessment at underwriting for every investment. GRESB assessment beginning Year 2. NYC Local Law 97 compliance monitoring. Energy efficiency best efforts on all major renovation programs.

S
Social

Workforce housing focus — preserving affordability in targeted communities. ESG-screened construction contractors. Tenant engagement programs in value-add projects. Community impact documentation.

G
Governance

SASB-aligned annual ESG report. 5-member LPAB with binding approval powers. Three-layer clawback. MFN rights. Code of Ethics. Conflicts of Interest Policy. Annual independent audit.

ESG Commitment Tracker
Climate Risk Assessment (Year 1)Committed
GRESB Submission (Year 2)Committed
SASB Annual Report (Year 1)Committed
Energy Efficiency ProgramsBest Efforts
Local Law 97 MonitoringAnnual

SEC Rule 506(b) Website Compliance

This website does not constitute general solicitation under Rule 502(c) of Regulation D. Access is limited to persons with pre-existing substantive relationships with VanTerra Capital, LLC. No investment opportunity is offered via this website to any person with whom VanTerra Capital does not have such a relationship. The fund uses no website, internet, social media, or other public channel for investor solicitation.

Complete Fund Terms
Fund Identity
IdentityFund Name
VanTerra Capital Holding Fund, LP
IdentityGeneral Partner
VanTerra Capital, LLC · Muhammad Nadeem, Managing Partner
StructureJurisdiction
Delaware Limited Partnership · Certificate of LP filed per DRULPA
RegulatoryExemption
Rule 506(b) of Regulation D · §3(c)(5)(C) Investment Company Act 1940 · REOC (ERISA)
Capitalization & Commitments
Offering SizeTarget / Max / Min
$50,000,000  /  $100,000,000  /  $25,000,000Max increase requires Required LP (RLP) vote
Entry ThresholdMin LP Commitment
$250,000 per Limited Partner
AlignmentGP Co-Investment
Minimum 1% of aggregate Commitments (targeting 2%)Identical economic terms as Limited Partners — no special GP economics
Economics & Fee Structure
Return HurdlePreferred Return
6.00% per annum, compounded annuallyEuropean whole-fund basis — GP earns zero carry until this hurdle is fully cleared
Profit ShareCarried Interest
20% GP  /  80% LPs — European whole-fund waterfallNo carry until full Capital Return + 6.00% compounded Preferred Return
Annual FeeManagement Fee
1.50% p.a. (Commitment Period)  ·  1.25% p.a. (Post-CP)Payable quarterly in advance · Dollar-for-dollar offset by Offset-Eligible Affiliate Fees
Fee ReductionFee Offset Mechanism
Offset-Eligible Affiliate Fees reduce Management Fee dollar-for-dollar quarterlyAcquisition · Disposition · Financing · Refinancing · Development Management fees are all Offset-Eligible
FairnessInterest Equalization
6.00% p.a. on late-close subscriptionsEnsures identical economics for all LPs regardless of closing date
LP Protection & Clawback
RecourseClawback — 3 Layers
Layer 1: 15% escrow of each carry distribution (held throughout Fund life) Layer 2: GP entity (VanTerra Capital, LLC) — fully recourse after escrow exhausted Layer 3: $1,000,000 personal guarantee per Principal owning ≥25% GP equity · 2-year post-dissolution assertion period
DefaultDefault Interest
12% per annum on unfunded Capital CallsPlus full suite of LP default remedies per LPA Article IX
Governance & Voting
Removal — For CauseGP For-Cause Removal
75% of LP Interests (Disabling Conduct)90-day material breach cure period before vote triggers
Removal — Without CauseGP Without-Cause Removal
85% of LP Interests · Post-Standstill Period onlyGP retains carried interest on all investments made prior to removal
VotingLP Meeting Quorum
>50% of aggregate LP Interests · Written consent preferredReduces to 33⅓% at adjournment · RLP supermajority thresholds always calculated on ALL LP Interests
LP RightsMFN Rights
Most Favored Nation — 30-day election windowEconomic terms only · 5 exclusions (anchor premium, specific mandate, regulatory, co-investment)
Fund Operations & Timeline
DurationFund Term
10 years from Final Closing Date+2×1-year extensions: first at GP discretion / second at 66⅔% RLP vote
Investment WindowCommitment Period
4 years from Final Closing DateNew investments only during Commitment Period · Management fees shift to invested capital basis after
Capital CallsCall Notice Period
15 Business Days minimum notice10% of Commitment funded at Initial Closing · Remaining 90% called pro rata over Commitment Period
LeverageSubscription Facility
Up to 40% of unfunded Commitments · 12-month maximum drawInvestment-grade lender only · LPAB approval if facility exceeds 40% threshold
ComplianceDocument Retention
7 years (general) + 5 years AML-specificPer 31 C.F.R. §1010.430 · Longer period controls where retention periods overlap
Distribution Waterfall

European Whole-Fund Waterfall.
GP Earns Carry Only After LPs Are Made Whole.

$1M LP contribution compounds at 6.00% annually → $1,790,848 owed to LP at Year 10 before any GP carry. Mathematical verification: 1.06^10 = 1.7908.

1
Return of Capital

100% to Limited Partners pro rata until full return of all Capital Contributions. GP earns zero until all invested LP capital is returned.

100% LP
2
Preferred Return — 6.00% Compounded Annually

100% to Limited Partners until 6.00% per annum compounded annual Preferred Return on all Capital Contributions. GP earns zero carry throughout this tier.

100% LP
3
GP Catch-Up

100% to General Partner until GP has received 20% of all profits above Return of Capital. This tier equalizes GP economics for deferring all carry through Tiers 1 and 2.

100% GP
4
Residual Split — All Remaining Distributions

80% to Limited Partners / 20% to General Partner on all remaining Available Cash and Capital Proceeds. Perpetual until Fund dissolution.

80/20
Governance Framework

Institutional Governance.
Binding — Not Advisory.

LPAB — 5-Member Binding Oversight

Limited Partner Advisory Board with binding approval powers over 16 matters. Up to 4 LP-appointed members + 1 independent. Quarterly meetings. 30-day deemed approval. Tier 1: $2M aggregate transactions. Tier 2: $4M recurring annual fees.

RLP Voting — 7 Reserved Matters

Required Limited Partners (66⅔%) vote on: LPA amendments, dissolution, CP termination, second extension, Key Person cure vote, maximum offering increase, material strategy change. Thresholds calculated on ALL LP Interests outstanding.

Three-Layer Clawback Protection

Layer 1: 15% escrow of each carry distribution held throughout Fund life. Layer 2: GP entity fully recourse. Layer 3: $1,000,000 personal guarantee per Principal owning ≥25% of GP equity. 2-year post-dissolution assertion period.

Key Person Provisions

Muhammad Nadeem designated Key Person (expanding to all Key Persons at Initial Closing). 180+180-day tiered cure. 9-month formal cure period. 66⅔% RLP vote required to continue if not cured. Commitment Period suspended during Key Person Event.

Independent Annual Audit

LPAB selects independent auditor from 3 GP-proposed candidates. Annual GAAP-compliant audited financial statements within 120 days of fiscal year-end. Quarterly reports within 45 days of quarter-end (9 components). Schedule K-1 by March 15.

LP Meeting Quorum & Voting

>50% LP Interests for quorum (GP Affiliates excluded). Reduces to 33⅓% at adjournment. RLP thresholds always on ALL LP Interests — quorum presence never reduces the 66⅔%/75%/85% bars. Written consent is the preferred voting method.

Management Team
MN
Muhammad Nadeem
Founder · Managing Partner · Investment Committee (Sole Member)

Muhammad Nadeem brings 20+ years of hands-on real estate investment, development, construction management, and asset management experience across the United States and international markets. He oversees all aspects of the Fund including investment sourcing, underwriting, construction oversight, asset management, and investor relations. He serves as the sole Investment Committee member (expanding to all Key Persons at Initial Closing), AML Compliance Officer, and Managing Partner of VanTerra Capital, LLC.

KP2
[Key Person 2]
To Be Designated Before Initial Closing

Key Person 2 will be designated and formally admitted to the Investment Committee no later than the Initial Closing Date. Biography, bad actor verification (Rule 506(d)), and LPA Schedule designation will be completed prior to Initial Closing. All prospective investors will be provided updated offering documents incorporating Key Person 2 designation.

KP3
[Key Person 3]
To Be Designated Before Initial Closing

Key Person 3 will be designated and formally admitted to the Investment Committee no later than the Initial Closing Date. Following designation of all Key Persons, all Investment Committee decisions will require unanimous IC approval (unanimous for all investments). IC Memorandum required for every investment decision.

LPAB — Governance

Limited Partner Advisory Board.
Binding — Not Advisory.

The LPAB is a 5-member body with binding approval powers over 16 categories of decisions — a significant enhancement over a traditional Advisory Committee structure. LPAB members are appointed by Limited Partners (up to 4 members) with 1 independent member. Quarterly meetings with 30-day deemed approval for all submitted matters.

LPAB Composition

Up to 4 LP-appointed members + 1 independent member. LP-appointed members serve at LP discretion. Independent member appointed by mutual agreement of LPAB and GP.

Binding Powers (16 Matters)

Including: investments >25% of Commitments; Portfolio LTV >65%; Affiliate transactions >$2M/$4M; Auditor selection; Fund Administrator approval; GP removal votes; Valuation methodology approval.

LPAB Meetings

Quarterly meetings minimum. Written consent available. 30-day deemed approval. LPAB receives quarterly wind-down status reports (if applicable), annual construction risk review, and all affiliate transaction disclosures.

LPAB Seat Status
LP Seat 1 (LP-Appointed)Available at Initial Closing
LP Seat 2 (LP-Appointed)Available at Initial Closing
LP Seat 3 (LP-Appointed)Available at Initial Closing
LP Seat 4 (LP-Appointed)Available at Initial Closing
Independent SeatTo Be Appointed

SEC RULE 506(b) COMPLIANCE NOTICE: These documents are provided exclusively to persons with a pre-existing substantive relationship with VanTerra Capital, LLC. Downloading or accessing these documents constitutes your representation that (1) you have such a pre-existing relationship, (2) you qualify as an Accredited Investor under Rule 501(a) of Regulation D, and (3) you are not accessing these documents as a result of any general solicitation or general advertising. These documents do not constitute an offer to sell or solicitation to buy any security. Past performance is not indicative of future results. Investors may lose their entire investment.

⚖️ SEC Legal & Regulatory Documents (FINAL v2)

SA
Subscription Agreement — FINAL v2 61 Paragraphs · 6 Sections · Fully Executed Form
SEC Doc
IQ
Investor Questionnaire — FINAL v2 80 Paragraphs · Parts A–G · Rule 506(b) Suitability
SEC Doc
MA
Investment Management Agreement — FINAL v2 65 Paragraphs · 8 Articles · Fee Structure & Authority
SEC Doc
AML
AML/KYC Compliance Program — FINAL v2 53 Paragraphs · 10 Sections · BSA/PATRIOT Act Compliant
SEC Doc
RG
SEC Regulatory Compliance Guide — FINAL v2 119 Paragraphs · Form D · Form 99 · Blue Sky Calendar
SEC Doc

Document Status — All SEC Documents

All SEC documents reflect FINAL v2 status incorporating all 176 tracked amendments across Phases 2–7 and both cross-reference audits. Zero conflicts with 28 locked economic terms confirmed. Securities counsel review checklist: 21 items — all addressed.

📊 Marketing & Investor Materials (FINAL v2)

1P
One-Page Investment Overview — FINAL v2 45 Paragraphs · Complete Fund Summary · All Locked Terms
Marketing
TZ
Investment Teaser — FINAL v2 41 Paragraphs · Strategy · Differentiators · Contacts
Marketing
FAQ
Investor FAQ — FINAL v2 59 Paragraphs · 30 Q&As · 6 Sections
Marketing
TS
Summary of Principal Terms — FINAL v2 70 Paragraphs · 7 Parts · All 28 Confirmed Rates
Marketing
SL
Form of Side Letter Agreement — FINAL v2 57 Paragraphs · MFN Compliant · LPAB Disclosure
Marketing
📧
Managing Partner
nadeem@vanterracapital.net

Muhammad Nadeem, Founder

📬
Fund Inquiries
info@vanterracapital.net

Documents, scheduling, general

📞
Direct Line
516-743-5460

Mon–Fri, 9 AM – 6 PM ET

🔒
Investor Portal

Existing LP/GP login

Principal Office
VanTerra Capital, LLC
646 Coney Island Avenue
Brooklyn, New York 11218
General Partner — VanTerra Capital Holding Fund, LP
Response Time
1–2 Business DaysAll inquiries personally reviewed by Muhammad Nadeem
Office Hours
Monday – Friday
9:00 AM – 6:00 PM Eastern TimeEvening and weekend calls by prior appointment
Regulatory
Rule 506(b) · §3(c)(5)(C) · REOC
Brooklyn, NY · Delaware LPSecurities counsel: please contact directly
Office Location
646 Coney Island Avenue · Brooklyn, NY 11218
Send an Inquiry
I am an Accredited Investor (Rule 501(a) of Regulation D) and confirm I have a pre-existing substantive relationship with VanTerra Capital, LLC or its principals prior to this inquiry.
(Required — Rule 506(b) of Regulation D)

Submitting this form confirms your pre-existing relationship with VanTerra Capital. No general solicitation — Rule 506(b) compliant. All communications are strictly confidential. Delivered to nadeem@vanterracapital.net and chnadeemali@yahoo.com via Web3Forms.

⚖️ Rule 506(b) Compliance

This inquiry form is reserved for persons with pre-existing substantive relationships with VanTerra Capital, LLC. This website does not constitute general solicitation under Rule 502(c) of Regulation D. No security is offered via this website to anyone without a pre-existing relationship.

Investor Portal

VanTerra Capital Holding Fund, LP — Secure Access

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DEMO CREDENTIALS (Illustration Only)

GP Demo: gpadmin / VanTerra2026!

LP Demo: lpdemo1 / Investor2026!

🔒

256-bit SHA-256 password hashing · SSL/TLS encrypted · Session-based authentication · Automatic logout after inactivity · All access logged

LP

Portfolio Overview

VanTerra Capital Holding Fund, LP · As of Q1 2026 (Illustrative)

LIVE DATA · ILLUSTRATIVE
Fund NAV $0 Total Partnership Net Asset Value ↑ +2.4% QoQ
Your Capital Account $0 Balance as of Q1 2026 ↑ +1.8% vs. prior quarter
Total Distributions Received $0 Cumulative since admission 4 distributions to date
Preferred Return Accrued $0 6.00% p.a. compounded ↑ $7,315 this quarter
Unfunded Commitment $0 Remaining callable capital Next call: Q2 2026

NAV Performance vs. Preferred Return Hurdle

Asset Class Allocation $50M Target

Geographic Exposure 4 States

Capital Called vs. Committed

Quarterly Distributions

Recent Activity View All →
DateTypeDescriptionAmountStatus
Mar 15, 2026K-1 IssuedSchedule K-1 for FY2025 distributedTax DocumentDelivered
Feb 28, 2026DistributionQ4 2025 Quarterly Income Distribution+$18,750Paid
Jan 31, 2026ReportQ4 2025 Quarterly Report IssuedReportAvailable
Jan 15, 2026Capital CallQ1 2026 Capital Call — $62,500-$62,500Funded
Dec 15, 2025DistributionQ3 2025 Quarterly Income Distribution+$15,625Paid
Fund Status
Fund StageCommitment Period (Active)
Total Capital Committed$12,750,000
Total Capital Called$3,187,500 (25%)
Number of LPs Admitted8 of 99 maximum
Properties in Portfolio2 Active + 1 Pipeline
Key Person Status✓ All Key Persons Active
REOC Status✓ Qualifying (Q1 2026)
Investment Company Act✓ §3(c)(5)(C) Compliant
Next LPAB MeetingApril 15, 2026
Next Capital CallQ2 2026 (estimated)
Clawback Escrow Status
Layer 1 — Escrow (15%)
$32,500
Layer 2 — GP Entity
Fully At-Risk
Layer 3 — $1M Guarantee
$1,000,000
ESG Tracker
Climate Risk Assessment✓ Complete (All Properties)
GRESB Assessment (Year 2)⏳ Scheduled
SASB Annual ESG Report⏳ Q2 2026
Energy Efficiency Programs✓ In Progress

NAV & Performance Analytics

NAV Over Time — Fund Level vs. Per-Unit Inception to Q1 2026

Return Attribution Q1 2026

IRR Sensitivity by Scenario

Equity Multiple Projection Base Case

Cash Yield History Quarterly

Quarterly Performance Summary
QuarterBeginning NAVCapital CalledNet IncomeDistributionsEnding NAVQoQ Return
Q1 2026$12,987,500$500,000$309,375$(375,000)$13,421,875+3.34%
Q4 2025$10,625,000$2,500,000$237,500$(375,000)$12,987,500+2.24%
Q3 2025$3,375,000$7,500,000$125,000$(375,000)$10,625,000+3.70%
Q2 2025$0$3,500,000$12,500$(137,500)$3,375,000New Fund

Investment Portfolio

Portfolio by Asset Class 2 Active Properties

Property Value vs. Cost Basis Unrealized Gain/Loss

Active Investments Export
PropertyAsset ClassLocationEquity InvestedCurrent ValueUnrealized G/LNOI (TTM)Cash YieldStatus
Brooklyn Multifamily Portfolio
48 Units · Value-Add
Workforce MF Brooklyn, NY $1,920,000 $2,176,000 +$256,000 (+13.3%) $168,000 8.75% Active
NNN Medical Office
6,200 SF · 9-Yr NNN Lease
NNN Commercial Edison, NJ $875,000 $902,500 +$27,500 (+3.1%) $62,500 7.14% Active
Flex-Space Development — NJ
18,000 SF · Ground-Up
Flex-Space Dev Woodbridge, NJ $0 (IC Approved) Pre-Dev IC Approved
Investment Committee Activity
DatePropertyDecisionEquityLevered IRRIC Members
Mar 5, 2026Flex-Space NJ (Woodbridge)✓ Approved$1,250,00016.8%Muhammad Nadeem
Nov 12, 2025NNN Medical — Edison NJ✓ Approved$875,00011.2%Muhammad Nadeem
Jul 3, 2025Brooklyn MF — 48 Units✓ Approved$1,920,00013.7%Muhammad Nadeem
Jun 22, 2025Mixed-Use — Bronx NY✗ DeclinedN/ABelow ThresholdMuhammad Nadeem

Capital Account Statement

As of March 31, 2026 · Maintained by Fund Administrator · Subject to Annual Audit

Capital Account Summary

Opening Balance (Inception)$0
Total Capital Contributed$250,000
Allocated Net Income (FY2025)+$28,125
Depreciation Allocations($14,062)
Preferred Return Accrued+$15,000
Distributions Received($75,000)
Current Balance$204,063

Capital Call History

Initial Funding (10% at IC)$25,000
Q3 2025 Call (25%)$62,500
Q4 2025 Call (25%)$62,500
Q1 2026 Call (25%)$62,500
Q2 2026 Call (est.)$37,500 (pending)
Total Called to Date$212,500 / $250,000

Preferred Return Tracker

Committed Capital$250,000
Pref Return Rate6.00% p.a. compounded
Pref Return at Year 1$15,000
Pref Return at Year 5$83,704
Pref Return at Year 10$197,712
Total owed before GP carry$447,712

Tax Information

FY2025 K-1 Status✓ Issued Mar 12, 2026
Ordinary Income Allocated$8,437
Depreciation Allocated($14,062)
Net Loss for PAL($5,625)
Cost Segregation Studies1 Completed (Q4 2025)
Tax Basis (estimated)$196,875

Capital Account Growth Projection Base Case — $250K Commitment

Distribution History & Schedule

Distribution History Cumulative & Quarterly

Distribution Source Breakdown Q4 2025

Complete Distribution History
Payment DatePeriodTypeGross AmountWithholdingNet PaymentTax CharacterWaterfall Tier
Feb 28, 2026Q4 2025Income$18,750$0$18,750Ordinary IncomeTier 1 (Return of Pref)
Nov 30, 2025Q3 2025Income$15,625$0$15,625Ordinary IncomeTier 1 (Return of Pref)
Sep 15, 2025Q2 2025Income$21,875$0$21,875Mixed (Ord + Cap Gain)Tier 1 (Return of Pref)
Jun 30, 2025Q1 2025Initial$18,750$0$18,750Return of CapitalTier 1 (Return of Capital)
Clawback Escrow Reconciliation (15% of Carry Distributions)

No carried interest distributions have been made to date — all distributions to date represent return of preferred return and capital. Clawback escrow will be funded upon first carried interest distribution.

Carry Distributions Made
$0
Layer 1 Escrow Funded
$0
Layer 3 Guarantee Remaining
$1,000,000

Waterfall Calculator

European whole-fund distribution waterfall · 6.00% compounded preferred return · 20% GP carry · All figures illustrative

Input Parameters

Distribution Waterfall Visualization Base Case

IRR Sensitivity Grid LP Net IRR by Scenario

6.00% Preferred Return Compounding Schedule
YearBeginning BalancePref Return (6.00%)Cumulative Pref AccruedTotal Capital + Pref Owed

GP Administration Dashboard

⚠️ This panel is accessible only to General Partner personnel. All actions are logged. This is a demonstration dashboard for illustrative purposes.
$13,421,875Q1 2026
$12,750,0008 LPs admitted
$3,187,50025% of total commitments
$47,8121.50% × $12.75M / 4
$38,400Offset-Eligible: $19,200
$06% hurdle not yet cleared
$0Funded on carry distributions
$127,5001.0% of $12.75M committed
2 Active1 IC Approved (pre-close)
1 HeldJan 15, 2026
0No reserved matters pending
Form D AmendBy June 2026 (annual)

LP Commitment Breakdown 8 Limited Partners

Fee Revenue — Monthly Run-Rate Mgmt + Affiliate Fees

LP Registry (Illustrative) Export
LP IDLP TypeCommitmentCalled %Capital AccountLPAB SeatAML StatusStatus
LP-001HNW Individual$250,00085%$204,063None✓ ClearActive
LP-002Family Office$2,500,00025%$646,875Seat 1✓ ClearActive
LP-003RIA / Advisor$1,000,00025%$256,250Seat 2✓ ClearActive
LP-004HNW Individual$500,00025%$128,125None✓ ClearActive
LP-005Corp Pension$5,000,00025%$1,281,250Seat 3✓ ClearActive
LP-006 — LP-008Various$3,500,00025%$896,875✓ ClearActive
Available SlotsUp to $87,250,000Seats 4 + Ind. availableOpen
Regulatory Compliance Calendar 2026
DeadlineFiling / ActionAuthorityStatusResponsible
Mar 15, 2026Schedule K-1 Delivery (FY2025)IRS / All LPs✓ CompletedFund Administrator
Mar 31, 2026Q1 2026 Quarterly ReportAll LPs / LPAB✓ IssuedGP + Fund Administrator
Apr 30, 2026Annual Audited Financials (FY2025)All LPs / LPAB⏳ In ProgressIndependent Auditor
Jun 2026Form D Annual AmendmentSEC EDGAR⏳ UpcomingSecurities Counsel
Jun 2026Form ADV Annual AmendmentSEC IARD⏳ UpcomingCompliance Advisor
Jun 30, 2026Annual LP MeetingAll LPs⏳ SchedulingGP + LPAB
Q2 2026REOC Quarterly MonitoringInternal / LPAB⏳ Q2 DueGP
Q2 2026OFAC Annual Re-Screening (All LPs)Internal / BSA⏳ Q2 DueAML Compliance Officer
Q2 2026Bad Actor Re-Verification (All Covered Persons)Rule 506(d)⏳ Q2 DueGP + Securities Counsel

Deal Pipeline & IC Tracker

12Active prospects
4In analysis
2Under LOI/Contract
1Flex-Space NJ
1Closing
2Operating
0Fund inception

Pipeline Value by Stage Total $8.2M Potential Equity

Asset Class Mix (Pipeline) Active Prospects

Active Pipeline — LOI and DD Stage
PropertyAsset ClassLocationEquity Est.Projected IRRStageIC MemoTarget Close
Woodbridge Flex-Space
18,000 SF Ground-Up
Flex-Space DevWoodbridge, NJ$1,250,00016.8%IC Approved✓ CompleteQ2 2026
Queens Mixed-Use
12 Units + Ground Floor Retail
Value-Add MUAstoria, NY$875,00014.2%Due DiligenceIn PreparationQ3 2026
Baltimore NNN Medical
4,500 SF · 12-Yr Lease
NNN CommercialBaltimore, MD$650,00010.8%UnderwritingQ3 2026