Apartment Property Management Services, LLC.

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Services, LLC 3700 S. Conway Rd. Suite 100 Orlando, FL 32812 Office - 407.240.3000 Fax - 407.264.6300

Table of Contents The APM Advantage APM Overview Experience / Track Record Receivership Services

The APM Advantage 1. Personal Attention to Managing Assets 2. Superior Market Knowledge Provides Competitive Advantage 3. Continuous Training and Mentoring Team Members 4. Continuously Creating New Strategies & A P M Processes to Maximize Cashflow & Revenue 5. Leveraging Purchases to Reduce Material & Supply Expenses 6. Long Standing Vendor Relations 7. Distressed Repositioning Track Record 8. Innovative Technology Systems

APM Overview Services ( APM ) works closely with multifamily property owners and clients to manage, preserve, protect, and maximize the performance of each asset. With our combined 100+ years of experience and solid professional track record we are well positioned to assist you. Property Management We have successfully managed 125+ assets and operated 10,000+ units throughout the U.S. in the past 20 years. The key to our success includes maximizing net operating income by increasing revenue and decreasing expenses. Financial Reporting At APM, we understand the importance of providing accurate Financial reporting individualized to each clients needs. On each assignment we compile detailed budget in an effort to benchmark asset performance. The goal is to stabilize, stabilize, stabilize, by controlling expenses, increasing revenue and implementing improvements while paying close attention to the bottom line. Then report financial results on a timely basis. Occupancy Management We understand that staying one step ahead of the competition is key to our success. Some of our strengths include proven and tried processes of rent optimization strategies, lease expiration management, effective management of vacant inventory, prompt response to service calls, successful resident retention programs and strong closing of sales on prospects. Facility Management Managing the overall condition of the asset is essential. The preventative maintenance of your property is a top priority. Around the clock, we will schedule maintenance and repairs, inspect the property and units on a regular basis to guarantee it is in top condition, and resolve emergency maintenance issues quickly. Administrative & HR Management Your employees are your best asset! We provide quality benefits necessary to attract and retain the best employees. We give them excellent training and educational programs while making sure we maintain compliance with all requirements. Motivational sales training is implemented and reinforced continuously producing fabulous results. Construction Management Overseeing re-development has become one of our specialties. From the exterior through the interior, we have a broad range of experience in coordinating the construction related elements and operations of projects.

Experience / Track Record Multi-Family Properties Managed Management # of Property IRR Property Name Location Type Units Value Calculation Auburn Glen Apts. Jacksonville, Florida 3rd party Fee 251 16,200,000.00 N/A Bear Creek Bartow, Florida 3rd party Fee 48 1,440,000.00 N/A Blossom Corners I Orlando, Florida 3rd party Fee 70 2,800,000.00 N/A Blossom Corners II Orlando, Florida 3rd party Fee 68 2,720,000.00 N/A Bridgepoint Jacksonville, Florida 3rd party Fee 49 1,862,000.00 N/A Brookwood Way Mansfield, Ohio 3rd party Fee 66 2,970,000.00 N/A Camellia Court Daytona Beach, Florida 3rd party Fee 61 2,501,000.00 N/A Candlewood II Tampa, Florida 3rd party Fee 33 1,155,000.00 N/A Country Sq I Tampa, Florida 3rd party Fee 73 1,682,750.00 N/A Crystal Court I & II Lakeland, Florida 3rd party Fee 156 6,474,000.00 N/A Curiosity Creek Tampa, Florida 3rd party Fee 82 3,075,000.00 N/A Dolphin Cove Titusville, Florida 3rd party Fee 50 1,602,050.00 N/A Eagle Lake Port Orange, Florida 3rd party Fee 77 3,241,700.00 N/A Forest Glen I -IV Daytona Beach, Florida 3rd party Fee 120 7,080,000.00 N/A Fountain Apts Orlando, Florida 3rd party Fee 552 35,880,000.00 N/A Fountain Place Casselberry, Florida 3rd party Fee 65 5,720,000.00 N/A Foxes Lair Elyria, Ohio 3rd party Fee 250 21,250,000.00 N/A Foxglove Xenia, Ohio 3rd party Fee 60 2,700,000.00 N/A Hibiscus Place Apts. Orlando, Florida 3rd party Fee 255 8,925,000.00 N/A Heather Ridge Jacksonville, Florida 3rd party Fee 120 4,800,000.00 N/A Heatherwood I Kissimmee, Florida 3rd party Fee 67 2,579,500.00 N/A Heatherwood II Kissimmee, Florida 3rd party Fee 42 1,617,000.00 N/A Jennifer Green Orange Park, Florida 3rd party Fee 120 4,800,000.00 N/A Lake Mann Orlando, Florida 3rd party Fee 189 8,505,000.00 N/A Lamplight Court Bellfountaine, Ohio 3rd party Fee 83 2,905,000.00 N/A Landings Palm Bay Palm Bay, Florida 3rd party Fee 271 17,615,000.00 N/A Laurell Oaks Cocoa, Florida 3rd party Fee 56 3,920,000.00 N/A Longwood I Cocoa, Florida 3rd party Fee 62 2,542,000.00 N/A Longwood II Cocoa, Florida 3rd party Fee 36 1,476,000.00 N/A Meadowdale Melbourne, Florida 3rd party Fee 64 2,400,000.00 N/A Misty Oaks Orlando, Florida 3rd party Fee 251 11,295,000.00 N/A

Experience / Track Record Continued Northwood Jacksonville, Florida 3rd party Fee 160 6,384,000.00 N/A Oak Reserve Apts. Winter Park, Florida 3rd party Fee 142 15,700,000.00 N/A Oakwood Commons Orlando, Florida 3rd party Fee 335 22,300,000.00 N/A Pineview Gainesville, Florida 3rd party Fee 91 2,548,000.00 N/A Pinewood Kent, Ohio 3rd party Fee 79 3,199,500.00 N/A Reserve I Orlando, Florida 3rd party Fee 344 18,920,000.00 N/A Reserve II Orlando, Florida 3rd party Fee 144 7,920,000.00 N/A Southwood Apts. Jacksonville, Florida 3rd party Fee 86 5,590,000.00 N/A Spring Glade Tampa, Florida 3rd party Fee 79 1,896,000.00 N/A Stadium Club Statesboro, Georgia 3rd party Fee 366 8,418,000.00 N/A Sunrise I & II Titusville, Florida 3rd party Fee 101 4,009,700.00 N/A Total 3rd Party Fee Managed Properties 5,674 290,618,200 Abbington Square Jacksonville, Florida Owned / Fee 212 9,540,000.00 21.88% Blueberry Hill Leesburg, Florida Owned / Fee 68 2,856,000.00 22.97% Bottlebrush Palm Bay, Florida Owned / Fee 50 1,925,000.00 18.99% Brandywyne East Winter Haven, Florida Owned / Fee 38 1,634,000.00 20.75% Brandywyne West Winter Haven, Florida Owned / Fee 43 1,870,500.00 18.58% Candlewood I Tampa, Florida Owned / Fee 64 2,432,000.00 23.63% Clearlake Pines I Cocoa, Florida Owned / Fee 68 2,822,000.00 27.73% Clearlake Pines II Cocoa, Florida Owned / Fee 52 2,002,000.00 24.73% Emerld Green Kissimmee, Florida Owned / Fee 176 7,216,000.00 18.24% Gainesville Garden Apts. Gainesville, Florida Owned / Fee 360 12,960,000.00 16.96% Gardenwood Bradenton, Florida Owned / Fee 55 2,282,500.00 20.11% Fountain Apts Orlando, Florida Owned / Fee 552 40,296,000.00 22.18% Heritage Trace Newport News, Virginia Owned / Fee 200 12,200,000.00 16.75% Howell Branch Station Winter Park, Florida Owned / Fee 366 32,757,000.00 100.10% Ketch Key Kissimmee, Florida Owned / Fee 80 2,480,000.00 17.83% Lost Tree Ft. Myers, Florida Owned / Fee 60 2,880,000.00 23.87% Magnolia Grove Casselberry, Florida Owned / Fee 352 22,176,000.00 17.01% Morningside Titusville, Florida Owned / Fee 183 7,228,500.00 21.31% Oyster Point Newport News, Virginia Owned / Fee 278 17,514,000.00 17.05% Priariewood Gainesville, Florida Owned / Fee 41 1,439,100.00 23.36% Ridgegate Waterbury, Connecticut Owned / Fee 112 10,080,000.00 17.51% Ridgepoint Orlando, Florida Owned / Fee 59 2,537,000.00 26.31% River Chase Apts. Tampa, Florida Owned / Fee 776 71,000,000.00 N/A

Experience / Track Record Continued Rollingwood Casselberry, Florida Owned / Fee 40 1,720,000.00 20.01% Sierra Point Temple Terrace, Florida Owned / Fee 296 15,392,000.00 19.14% Sky Pines Orlando, Florida Owned / Fee 140 6,020,000.00 26.15% Springwood Tampa, Florida Owned / Fee 57 2,337,000.00 23.64% Stone Cove I St. Augustine, Florida Owned / Fee 45 2,205,000.00 19.69% Stone Cove II St. Augustine, Florida Owned / Fee 56 2,744,000.00 19.79% Summerwind Jacksonville, Florida Owned / Fee 62 2,635,000.00 31.07% The Landings Winter Haven, Florida Owned / Fee 60 2,520,000.00 23.38% The Oaks Orlando, Florida Owned / Fee 54 3,186,000.00 57.01% The Palms Livingston Tampa, Florida Owned / Fee 212 13,780,000.00 22.43% Townwoods Savannah, Georgia Owned / Fee 57 2,565,000.00 25.24% Trailwoods Port Orange, Florida Owned / Fee 48 3,120,000.00 28.36% Turkscap Tampa, Florida Owned / Fee 40 1,640,000.00 20.74% University Sq Tampa, Florida Owned / Fee 82 3,772,000.00 22.50% Virginia Pines Ft. Pierce, Florida Owned / Fee 70 3,325,000.00 19.77% Wellington Newport News, Virginia Owned / Fee 152 10,488,000.00 24.06% Winter Garden Winter Garden, Florida Owned / Fee 64 2,624,000.00 31.14% Woodlands Orlando, Florida Owned / Fee 169 7,858,500.00 24.05% Total Owned / Fee Managed Properties 5,949 358,059,100 Grand Total All Units Managed 11,623 648,677,300

A P M Management Experience Multi-Family The Landings Cocoa, FL 271 Units Sierra Point Tampa, FL 304 Units Units Heather Ridge Jacksonville, FL 120 Units The Palms at Livingston Lutz, FL 212 Units Northwood Jacksonville, FL 160 Units The Fountains Lake Orlando Orlando, FL 552 Units Oakwood Commons Orlando, FL 335 Units Jennifer Green Jacksonville, FL 120 Bear Creek Bartow, FL 48 Units

Receivership Services APM Services, LLC is highly experienced in the matters of distressed assets. Our team has the ability to manage receivership assets as well as act in the capacity of court-appointed receiver for lenders and special services. When assuming management of an asset, our goal is to implement client requirements, preserve and protect the value of the real-estate property while implementing controls and processes that effectively manage and stabilize the affairs of the property. As a receiver and manager, our approach is individualized based on the requirements of each particular situation. Some priorities may include the following: Immediate When necessary File Oath of Receiver with the Court If required, provide a Surety Bond in amount sufficient to protect the parties and submit Bond to the Court for approval Take immediate control of the asset with safeguards in place Triage the asset addressing life safety issues Property and Occupancy Management Lease Audit Collect rent and other income Understand delinquency issues Optimize a rental and tenant retention strategy Initiate eviction against tenants who are in lease violation Ensure compliance with laws, regulations & orders issued by governmental agencies Employ legal counsel to assist as necessary Insurance Management Assume appropriate property insurance is in place Assume employment & Workman s Comp. insurances are in place Financial Management Accounting Reports for Court & Contracted Parties Review past accounting for Budget and Discrepancies Budget for Preservation and Maximizing Value Facility Management Preventative Maintenance planning Property and Unit inspections Capital Budget for Planning