Central Lending is a private credit and real estate lending platform headquartered in Lakeland, Florida, with approximately $40M in assets under management. The firm originates and manages short to medium term loans secured by residential and commercial real estate assets, providing structured debt solutions to developers, investors, and operators seeking flexible capital for acquisition, renovation, repositioning, and bridge financing needs.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Focused exclusively on real estate-backed private lending</li><li style="display: list-item;">Manages both origination and servicing activities, with the ability to sell loans into the secondary market while retaining servicing spread</li><li style="display: list-item;">Structures investment vehicles around defined maturity timelines, disciplined capital deployment, and aligned sponsor-investor interests</li><li style="display: list-item;">Centralized loan underwriting, servicing, and portfolio oversight</li><li style="display: list-item;">Engages Verivest LLC as a third-party fund administrator for investor-facing vehicles</li></ul>Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Andrew Boccia, Chief Executive Officer: Owner of Central Lending, LLC and manager of Central Lending Fund Management, LLC. Leads all aspects of firm strategy, origination, and capital deployment</li><li style="display: list-item;">Karen Samas, Chief Operating Officer: Oversees firm operations and execution</li><li style="display: list-item;">Heather Dreves, Chief Investment Officer: Leads investment strategy and portfolio oversight</li><li style="display: list-item;">Kade Palmer, Investor Relations Officer: Leads investor communications and capital relationships</li></ul>

Central Lending

Central Lending Fund 3

PM Real Estate Services is a California-licensed general contracting firm headquartered in Los Angeles, California, with approximately $40M in assets under management across affiliated entities. The firm specializes in residential renovation, ground-up construction, and multifamily development execution, operating as a vertically integrated construction partner for value-add real estate investment strategies across Southern California.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Over two decades of hands-on construction management experience</li><li style="display: list-item;">California General B Contractor License #B1012833 (issued 2016)</li><li style="display: list-item;">Full-service construction management firm covering fix and flip projects, single-family developments, 2-4 unit developments, condo and townhome projects, and garden-style multifamily properties</li><li style="display: list-item;">Extensive vendor, tradesman, and wholesale construction supplier network across Southern California</li><li style="display: list-item;">Handles field service management and ongoing maintenance for multifamily properties managed by affiliated brokerage Real Estate Mechanics</li><li style="display: list-item;">Multiple project managers with 20+ years of residential construction experience</li></ul>Affiliated PlatformPM Real Estate Services operates in close coordination with Real Estate Mechanics (REM), an affiliated California-licensed real estate brokerage and development firm (License #02143271, issued 2021) that serves as Asset Manager for the Fund. REM handles front-end due diligence, soft construction management (architects, engineers, permits), property management, and disposition across the portfolio. REM has built relationships with over 20,000 Southern California real estate professionals through its educational programs, providing continuous deal flow and rapid financial feasibility analysis capability.Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Pavan Maddi, Managing Director: Over 20 years of experience leading multi-million-dollar residential and commercial real estate projects. President of both Real Estate Mechanics and PM Real Estate Services Inc. Previously Contract Manager and Senior Accounting Position at T-Curtis and Company, LLP, which won the national contract for the U.S. Department of Housing's REO Division, overseeing 50+ accounting staff managing the acquisition and disposition of over $250 billion in HUD homes. National trainer for single-family asset management and accounting systems. Bachelor's in Business Administration from California Polytechnic University-Pomona and Master's in Real Estate Development and Finance from Georgetown University</li></ul>

PM Real Estate Services

REM RE Fund I, LP

Freedom Commercial Real Estate LLC is a Texas-based private real estate investment sponsor headquartered in Dallas, Texas, with approximately $250M in assets under management. Founded in 2023 by Zane Schartz, the firm focuses on acquiring and managing newly constructed single-tenant net lease and essential retail assets across the United States, concentrating on properties leased to investment-grade national tenants in defensive retail sectors including quick-service restaurants, pharmacies, grocery, auto parts, dollar stores, and distribution centers.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">$250M+ in assets under management</li><li style="display: list-item;">Active diversified CRE fund currently generating monthly cash distributions across a growing portfolio of stabilized investment-grade retail assets</li><li style="display: list-item;">Structured as a Texas LLC with Class A (investor) and Class B (manager) unit classes, managed by Freedom CRE Fund Manager LLC</li><li style="display: list-item;">Focused exclusively on newly constructed single-tenant NN and NNN lease properties, minimizing landlord operating responsibilities</li><li style="display: list-item;">Target tenant roster includes investment-grade national brands such as Starbucks, Sherwin Williams, Dollar General, Walgreens, Advance Auto Parts, and CVS Pharmacy</li><li style="display: list-item;">Target 7% cap rate acquisitions with projected 18-20%+ total annual returns combining 8% cash-on-cash yield, principal paydown, and asset appreciation</li><li style="display: list-item;">Conservative 40-60% LTV leverage with 25-year amortization and fixed-rate debt</li><li style="display: list-item;">Sponsor co-invests alongside LP capital in every acquisition, reinforcing alignment of interests</li></ul>Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Zane Schartz, Founder &amp; Manager: 7+ years in private equity real estate investing, currently serving as Chief Investment Officer of a firm with over $700M in AUM. Personally manages a portfolio spanning 6 commercial real estate funds with 60+ assets, is a partner in over $300M of commercial real estate, operates a multifamily portfolio of 1,200+ units, and directly manages over $150M of commercial assets. Business marketing and management degree from Liberty University, where he played college hockey before a three-year professional hockey career in North America and Europe</li><li style="display: list-item;">Ron Meador, CFO: Over 40 years of financial management experience, including CFO and senior leadership roles across real estate, technology, and nonprofit sectors. Certified Public Accountant</li><li style="display: list-item;">Mark Pittman: 20+ years of commercial real estate experience across investment, development, and brokerage. Founder of Wynmark Commercial and has personally developed over $500M of medical office projects in the DFW area</li><li style="display: list-item;">Derrek Schartz: 35+ years of executive sales and marketing leadership, including Senior Vice President of Sales and Marketing for Legend Senior Living (a leading senior care provider in North America) and Senior Vice President of Sales for FLEETCOR Technologies (S&amp;P 500 company)</li></ul>Fund Structure and Economics<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Structured as an open fund LLC with investor ownership across all fund-acquired assets</li><li style="display: list-item;">Asset management fee: 2% of gross revenue</li><li style="display: list-item;">Profit distribution: 80/20 split (80% to investors, 20% to managing entity)</li><li style="display: list-item;">No acquisition fees charged by Freedom CRE Fund</li><li style="display: list-item;">3% working capital reserve typically set aside from total equity raise for repairs and operational needs</li><li style="display: list-item;">Accepts capital from accredited investors, including IRA and Solo 401(k) funds</li><li style="display: list-item;">Planned 5-7 year hold period for acquired assets, subject to market conditions</li></ul>

Freedom Commercial Real Estate

Freedom CRE Fund

Red Tower Capital is a private real estate lending and investment firm headquartered in San Francisco, California, with approximately $80M in assets under management. The firm specializes in bridge loans, bespoke lending solutions, and alternative real estate investments, delivering audited net-to-investor returns of 9+% annualized over a competitive 10-year track record focused on California loans.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Continuously operating since 2011</li><li style="display: list-item;">502+ non-bank real estate loans originated, totaling nearly $300M in principal</li><li style="display: list-item;">10-year audited track record averaging 9.7% annualized investor returns</li><li style="display: list-item;">Established as a top non-bank real estate lender in the San Francisco Bay Area</li><li style="display: list-item;">California DRE #01912381 | NMLS <code>#951838</code></li></ul>Performance History<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">2025 Q1: 48.00% weighted avg LTV, 9.42% investor returns</li><li style="display: list-item;">2024: 51.31% weighted avg LTV, 9.42% investor returns (9.75% compounded quarterly)</li><li style="display: list-item;">2023: 49.64% weighted avg LTV, 9.06% investor returns (9.37% compounded quarterly)</li><li style="display: list-item;">2022: 50.04% weighted avg LTV, 9.01% investor returns (9.32% compounded quarterly)</li><li style="display: list-item;">2021: 56.05% weighted avg LTV, 9.14% investor returns (9.46% compounded quarterly)</li><li style="display: list-item;">2020: 49.51% weighted avg LTV, 9.23% investor returns (9.55% compounded quarterly)</li></ul>Red Tower Capital has consistently outperformed the average of audited California mortgage funds by approximately 2% annually across its track record.Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Solomon Gorlick, Founder &amp; President: 20+ years of real estate lending experience across private lending, investments, and development. Licensed California Real Estate Broker. BA from UC Berkeley</li><li style="display: list-item;">Linda Baldwin, Director of Finance &amp; Back Office: 21+ years of fund accounting experience with deep expertise in lending operations and real estate. BA from Rutgers</li><li style="display: list-item;">John Lowman, Business Development: 28-year track record growing real estate, media, and beverage businesses. Studied Public Administration at San Diego State University</li></ul>

Red Tower Capital

RTC VI - Private Mortgage REIT

Mailbox Money is a private real estate investment sponsor headquartered in Sioux Falls, South Dakota, with approximately $550M in assets under management. The firm focuses on developing wellness-designed, efficient multifamily communities in growing secondary markets, with a vertically integrated model covering land sourcing, development, construction operations, and asset management.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">$185M+ in transaction volume since 2021</li><li style="display: list-item;">$675M+ in total project costs across current development pipeline</li><li style="display: list-item;">3,500+ units developed since 2021</li><li style="display: list-item;">9 realized dispositions with a 2.0x equity multiple and 20% IRR in aggregate</li><li style="display: list-item;">Active development pipeline of 94-unit to 1,227-unit projects across Minnesota and South Dakota</li><li style="display: list-item;">Current holdings span 26+ properties totaling thousands of units</li></ul>Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Dusten Hendrickson, Founder &amp; Visionary: Directs architectural appeal, operational efficiency, land selection, design, and partnerships with community stakeholders. Focuses on maximizing natural light, Class A exterior design with Scandinavian-inspired interiors, and streamlined construction for 28-35% expense ratios</li><li style="display: list-item;">Caleb Veldhouse, Developer &amp; Construction Operations Manager: Oversees real estate development, construction operations, and legal counsel. Handles land deals, due diligence, construction debt negotiation, cost segregation studies, value engineering, and energy code optimization</li><li style="display: list-item;">Omar Khan, CFA, Asset Manager &amp; Operations Lead: Manages portfolio operations, financial sustainability, and investor relations. Provides monthly video updates to investors and focuses on risk management across financing and operations</li></ul>Realized Track RecordMailbox Money has realized 8 dispositions since 2021 with individual deal IRRs ranging from 18.8% to 62.0%, including:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Rise on McDowell (Phoenix, AZ): 62.0% IRR, 2.9x equity multiple, 27 months held</li><li style="display: list-item;">Equinox at Knight (GA): 41.0% IRR, 2.9x equity multiple, 48 months held</li><li style="display: list-item;">Reserve at Walnut Creek (TX): 34.8% IRR, 2.5x equity multiple, 40 months held</li><li style="display: list-item;">Legacy (GA): 25.4% IRR, 1.5x equity multiple, 21 months held</li><li style="display: list-item;">Lakewood Oaks (FL): 24.6% IRR, 1.7x equity multiple, 32 months held</li><li style="display: list-item;">The Henry (TX): 20.2% IRR, 1.6x equity multiple, 32 months held</li><li style="display: list-item;">The Blair at Bitters (TX): 20.2% IRR, 1.6x equity multiple, 32 months held</li><li style="display: list-item;">Brighton Farms (GA): 18.8% IRR, 1.4x equity multiple, 37 months held</li></ul>Briarwood Reserve Case StudyThe Briarwood Reserve development in Sioux Falls, SD serves as the execution model for Overland Reserve. The Class A, garden-style development consists of five 12-plex buildings, six 14-plex buildings, and one 10-plex building (154 total units). With a 15-month development timeline, mid-$130K per unit construction cost, and 5-year fixed-rate debt with open prepayment, Briarwood has delivered 98 units occupied to date with 56 additional units under construction, validating the phased build-lease-build strategy Mailbox Money is now applying to Overland Reserve.

Mailbox Money

Foss Fields

Optimum Energy Partners LLC is a Texas-based oil and gas investment sponsor headquartered in Dallas, Texas, with approximately $100M in assets under management. The firm specializes in structuring direct working interest joint ventures that provide accredited investors access to onshore U.S. oil and gas drilling opportunities across the Anadarko Basin, Permian Basin, Powder River Basin, DJ Basin, and the Gulf of America. Optimum focuses on partnerships with established operators in proven producing basins, delivering both potential cash flow and significant tax-advantaged investment structures.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">$100M+ in assets under management</li><li style="display: list-item;">23 prior drilling joint ventures sponsored since inception in 2021</li><li style="display: list-item;">Active deployment across Anadarko Basin (Oklahoma), Powder River Basin (Wyoming), Permian Basin (Texas), DJ Basin (Colorado), Austin Chalk (Texas), and the Gulf of America</li><li style="display: list-item;">Portfolio includes both horizontal and vertical drilling joint ventures across oil, gas, and natural gas liquids targets</li><li style="display: list-item;">Direct working interest joint venture structure providing investors with maximum tax efficiency through IDC deduction, depletion allowance, and active income treatment</li></ul>Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Derrick May, President &amp; Chief Executive Officer: 17+ years of oil and gas industry experience across private equity, investment banking, and company management. Holds an MBA in Finance and Accounting from Southern Methodist University and a Bachelor of Science in Finance and Management from Oklahoma State University. Previously served as CFO of Legacy Exploration and as a financial analyst at Melody Capital</li><li style="display: list-item;">Chance Smith, Co-Founder &amp; Chief Operating Officer: 10+ years of oil and gas operations experience, most notably as a former founder of Trojan Tubular Services, a prominent oilfield service company. Oversees the operational division of the company</li><li style="display: list-item;">Joey Shelton, Co-Founder &amp; Senior VP of Business Development (Texas): 10+ years of energy industry experience, having helped fund over 30 projects domestically. Began his career in law enforcement before transitioning to oil and gas</li><li style="display: list-item;">John Griffin, Co-Founder &amp; VP of Business Development (Texas): Bachelor of Marketing from Louisiana Tech University. Brings deep oil and gas business development experience to investor relationships and project sourcing</li><li style="display: list-item;">Christopher Fusco, Co-Founder &amp; VP of Business Development (New York): Nearly a decade of Wall Street experience as a licensed broker and advisor before transitioning into oil and gas. Previously co-managed a retail trading firm office in New York</li><li style="display: list-item;">Alexa May, Corporate Secretary &amp; Executive Assistant: Texas Christian University graduate. Handles executive support, HR functions, and Board Meeting coordination</li></ul>Prior ActivitiesOptimum has structured and managed 22 prior oil and gas drilling joint ventures since inception in 2021, with significant aggregate production results. Selected highlights from the prior track record include:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Optimum Powder River 12 JV (Converse, WY, Horizontal, June 2023): 5,576,702 BOE produced, $7.65M capital raised, $4.52M revenue</li><li style="display: list-item;">Optimum Macsodora JV (CO, OK, WY, Horizontal, August 2024): 7,304,699 BOE produced, $12.18M capital raised, $4.86M revenue</li><li style="display: list-item;">Optimum Chopper Ross 6 JV (Campbell, WY, Horizontal, August 2023): 2,962,141 BOE produced, $1.47M capital raised, $606K revenue</li><li style="display: list-item;">Optimum Warthog II JV (Ellis, OK, Horizontal, May 2024): 1,890,229 BOE produced, $3.07M capital raised, $2.18M revenue</li><li style="display: list-item;">Optimum Permian 6 JV (Campbell, WY, Horizontal, April 2023): 1,027,685 BOE produced, $1.70M capital raised</li><li style="display: list-item;">Optimum Hog (Howard, TX, Horizontal, January 2023): 575,578 BOE produced, $5.35M capital raised, $3.03M revenue</li><li style="display: list-item;">Optimum Powder River 3 JV (Campbell and Converse, WY, Horizontal, August 2024): 644,472 BOE produced, $4.21M capital raised</li><li style="display: list-item;">Optimum CLR 3 Well JV (Garvin, OK, Horizontal, January 2025): 828,498 BOE produced, $4.17M capital raised</li><li style="display: list-item;">Optimum Fortis 8 JV (OK, Gulf of America, Horizontal, February 2026): Currently drilling/completing, $12.77M capital raised</li></ul>

Optimum Energy Partners

Optimum 15 Well Joint Venture

Overland Reserve

Track Record Assets is a Houston-based multifamily investment firm with approximately $115M in assets under management, focused on acquiring, repositioning, and operating value-add apartment communities in high-growth Texas markets. The firm specializes in identifying stabilized assets with operational upside and executing renovation and management strategies designed to increase net operating income and long-term asset value.Platform Overview<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">5,913 multifamily units owned and operated across the firm's history</li><li style="display: list-item;">$144M+ in value added across prior investments</li><li style="display: list-item;">21 successful multifamily real estate exits</li><li style="display: list-item;">Vertically aligned operating platform integrating acquisitions, asset management, direct property management, financing, and disposition strategy</li><li style="display: list-item;">Deep submarket concentration in Houston, including 770+ units previously owned in the same Champions East submarket as Northside Upgrade</li></ul>Leadership<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Trey Stone, Co-Founder &amp; CEO: 26-year multifamily veteran and syndicator. Former President of the Houston Apartment Association (the youngest president in HAA history) and 3-time "Owner of the Year" award winner at the city (Houston), state (Texas), and national (National Apartment Association) levels. Finance degree from the University of Texas at Austin. Leads acquisitions, asset management, direct property management, and dispositions</li><li style="display: list-item;">Ian Stapleton (SSundee), Co-Founder &amp; CMO: YouTube creator and entrepreneur with 25M+ subscribers and 12+ years as a top content creator. Brings digital reach and visibility to the firm's investor platform</li><li style="display: list-item;">Jared Spain, Chief Investment Officer</li><li style="display: list-item;">Nick Shaffer, Chief Syndication Officer</li><li style="display: list-item;">Brandon Fulep, VP of Investor Relations</li><li style="display: list-item;">Ana Lewis, Regional VP of Operations</li><li style="display: list-item;">Joe Reynaga, VP of Construction</li><li style="display: list-item;">Patty Garcia, Controller</li></ul>Proven Houston Submarket Track RecordTrack Record Assets has executed value-add multifamily plays across Houston for nearly two decades, with notable realized outcomes including La Monterra Apartments (acquired $27.05M, sold $41.5M, $14.45M value created), La Plaza (acquired $11.21M, sold $36M), Central Park (acquired $18M, sold $24M), and Plaza del Sol (acquired $5.38M, sold $12.92M). Current portfolio holdings include Casa Agave (488 units, $59.1M appraised value) and Apollo Palms (124 units).

Track Record Assets

Northside Upgrade

Optimum 7 Well Joint Venture

Optimum Fortis 8 Joint Venture

Buligo Capital is a U.S.-focused real estate private equity firm founded in 2012 by experienced real estate entrepreneurs. The firm operates as a vertically integrated GP, managing the full lifecycle of investments, from sourcing, financing, and underwriting through asset management, development, and exit.Buligo leads all aspects of the deal cycle with a hands-on approach and invests alongside its investors in every transaction. The executive team brings substantial experience in global real estate transactions across multiple asset classes.Track Record (December 2025)<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">175 investments across the U.S. since inception</li><li style="display: list-item;">$1.8B equity invested / $5.1B total capitalization</li><li style="display: list-item;">76 realized investments generating:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">2.1x average equity multiple (net)</li><li style="display: list-item;">23.4% average IRR (net)</li></ul></li></ul>Strong investor retention and repeat capital driven by consistent execution and realized performance.Buligo + East Coast Acquisitions Joint Track RecordBuligo and its operating partner East Coast Acquisitions (ECA) have co-invested in 20 properties valued at over $460M since 2015. Their joint realized track record across grocery-anchored retail centers:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">22.8% net IRR on realized investments</li><li style="display: list-item;">2.07x equity multiple on realized investments</li></ul>Realized properties span markets including Durham NC, Kissimmee FL, Brooklyn NY, Atlanta GA, Columbia SC, Deltona FL, Hermitage TN, Groton CT, Poughkeepsie NY, and Pasadena TX, with individual deal IRRs ranging from 14% to 38%.Platform Scale<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">90+ operating properties across sectors</li><li style="display: list-item;">~7,400 multifamily units</li><li style="display: list-item;">~3.9M SF industrial</li><li style="display: list-item;">~2.4M SF retail</li><li style="display: list-item;">~1,700 senior housing units</li></ul>Portfolio characterized by high occupancy levels (90%+ across sectors).Differentiation<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Vertically integrated platform: full control from sourcing through exit</li><li style="display: list-item;">Development expertise: proven ability to originate and execute ground-up projects (historically ~28.9% IRR on realized developments)</li><li style="display: list-item;">Flexible co-investment model: allows investors to participate selectively on a deal-by-deal basis</li><li style="display: list-item;">Strong local partnerships across sectors including multifamily, retail, and senior housing</li><li style="display: list-item;">Access to off-market deals and pricing advantages through relationship-driven sourcing</li></ul>Geographic FocusPrimarily invests in high-growth U.S. markets with emphasis on the Southeast (Carolinas, Georgia, Florida, Tennessee), Texas, and the Mountain states (Colorado, Utah, Idaho). These regions benefit from strong population growth, job creation, and favorable demographics.Operating Partner: East Coast Acquisitions (ECA)ECA is a full-service real estate investment firm headquartered in Tampa, Florida. The team brings over 50 years of combined experience in the acquisition and management of grocery-anchored retail, industrial, and mixed-use assets. Founded in 2014, ECA has acquired 25 properties with over 2M square feet of leasable area. Post-acquisition, Tri-City Plaza will be actively managed by ECA, which currently operates 16 retail centers across the country.

Buligo Capital

Tri-City Plaza

Augusta Portfolio

Optimum OKLA 6 Well Joint Venture

Buligo focuses on acquiring and developing real estate assets in high-growth U.S. markets, targeting sectors with strong fundamentals and supply-demand imbalances. The firm pursues a broad investment strategy across multiple asset classes, targeting Class A/B properties in expanding metro locations with a typical hold period of 4 to 7 years.Core Sectors<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Multifamily</li><li style="display: list-item;">Industrial (shallow bay / small-bay focus)</li><li style="display: list-item;">Grocery-anchored retail</li><li style="display: list-item;">Senior housing</li></ul>Strategy<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Value-add and development: active repositioning of existing assets and ground-up development where fundamentals support it</li><li style="display: list-item;">Off-market and relationship-driven sourcing: proprietary deal flow through established local partnerships and operator networks</li><li style="display: list-item;">Sunbelt and migration-driven markets: targeting metros with strong population growth, job creation, and favorable supply-demand dynamics</li><li style="display: list-item;">Active asset management: hands-on operational improvements, lease-up execution, and capital programs to drive NOI growth</li><li style="display: list-item;">Conservative underwriting: disciplined approach to projections, with alignment of interests through co-investment in every deal</li></ul>Investment ModelBuligo typically invests through two structures:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Co-investment vehicles: deal-by-deal participation allowing investors to select specific opportunities that fit their portfolio</li><li style="display: list-item;">Diversified funds: broader exposure across multiple investments (e.g., Fund VI targeting 15–20 investments)</li></ul>Both structures emphasize diversification, conservative underwriting, and alignment with investors through meaningful sponsor co-investment.Values<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Alignment of interests: Buligo invests alongside its investors in every transaction, sharing in both risk and reward</li><li style="display: list-item;">Transparency: investors receive detailed quarterly reports, access to portfolio documentation and analysis tools, and are kept apprised of important developments through interim reporting</li><li style="display: list-item;">Integrity: trust is the foundation of Buligo's investor relationships, built through consistent execution and an impeccable track record across 175+ investments since 2012</li></ul>

Itay Goren

Guy Ben-Dror

Uri Zror

Adi Grinberg

Galit Kuras-Avital

Jeffrey Aaron

Rotem Lazar

Ran Preis

Erez Rosenwaks

Dror Zetouni

Buligo Diversified Fund VII 2026 June.pdf

Buligo Fund VII INDIV LPA.pdf

Subscription Agreement Buligo Fund VII INDIV LP.pdf

Admin Clause INDIV.pdf

Buligo Fund VII is built around a national, multi-sector thesis rather than a single market — investing where demographics, supply constraints, and an improving financing backdrop converge across five resilient property types. Buligo concentrates its capital in high-growth U.S. regions, with emphasis on the Southeast, Texas, and the Mountain states, which continue to lead the country in population growth and in-migration.The Macro BackdropThe current environment is creating a window to acquire quality assets and execute value-add business plans:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Attractive pricing in select sectors: Following value declines across parts of the market in recent years, high-quality assets are available at more attractive valuations</li><li style="display: list-item;">Improving financing environment: Interest-rate stabilization and tightening credit spreads are improving financing conditions and creating opportunities to lock in long-term debt at favorable rates; CRE debt costs declined through 2025</li><li style="display: list-item;">Strong market liquidity: Ample equity and debt capital continues to support transaction activity, with 2025 deal volume roughly 20% above 2024</li><li style="display: list-item;">Limited new supply: A significant decline in new construction starts is expected to constrain future supply, supporting occupancy and rent growth in the fund's target sectors</li></ul>High-Growth Target MarketsBuligo focuses on states leading the U.S. in net in-migration. The ten fastest-growing states by internal migration (2023–2024) include South Carolina, Idaho, Delaware, North Carolina, Tennessee, Nevada, Alabama, Montana, Arizona, and Arkansas — a footprint that aligns with the fund's Southeast, Texas, and Mountain-state focus and the excess demand that characterizes these markets.Sector Theses<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Multifamily: Renting remains significantly cheaper than homeownership, and household formation rose to a multi-year high in 2025 — supporting steady demand, high occupancy, and continued rent growth.</li><li style="display: list-item;">Industrial &amp; Logistics: New construction remains low while leasing activity strengthens. Demand is concentrated in smaller, last-mile spaces (average lease size ~42K SF in 2025), supporting a Shallow Bay strategy.</li><li style="display: list-item;">Grocery-Anchored Retail: Limited new supply in high-demand areas is boosting occupancy and rent, while investment volume in the sector rose sharply through 2025. In the final months of 2025, Buligo realized three retail investments at roughly a 15% net IRR and 2.2x equity multiple to investors (after fees, before tax).</li><li style="display: list-item;">Senior Housing: The 80+ population is projected to grow 36.6% over the next decade while new construction sits below its long-run average — a structural demand-supply imbalance drawing significant investment capital.</li></ul>

Buligo Fund VII

Buligo Fund VII is a diversified U.S. real estate co-investment fund that gives accredited investors institutional-grade exposure across five property sectors — multifamily, senior housing, industrial, office, and grocery-anchored retail — in a single commitment. Rather than concentrating in one building in one market, the fund is built to hold 15–18 investments alongside Buligo Capital's own deals, each co-managed with an experienced local operating partner. The fund is already seeded with two institutional assets closing in June 2026, is structured as a Delaware limited partnership (also available via IRA), and is offered under Rule 506(c) of Reg D to accredited investors only.Why This Opportunity<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">A seeded fund, not a blind pool: The fund already has two institutional assets lined up to close in June 2026 — a 416-unit multifamily portfolio in Augusta, GA and the grocery-anchored Tri-City Plaza in Vernon, CT — so investors can see real assets in the fund on day one, not just a strategy.</li><li style="display: list-item;">True diversification in a single subscription: One commitment spreads capital across 15–18 deals, five sectors, and multiple high-growth markets, reducing the single-asset and single-market risk of a standalone syndication.</li><li style="display: list-item;">Co-investment alongside a proven sponsor: The fund rides alongside Buligo Capital in the deals it leads — the same sourcing engine, operating partners, and underwriting behind Buligo's direct offerings — with Buligo investing its own capital in every transaction.</li><li style="display: list-item;">Track record across cycles: Since inception, Buligo has completed 178 U.S. investments ($1.9B equity / $5.2B total capitalization), realizing 80 of them at a 22.4% average net IRR and 2.1x average net equity multiple — a figure that includes two deals that lost money, reflecting how the average is reported.</li><li style="display: list-item;">Sector-specialist operating partners: Graycliff (multifamily, 65+ deals together since 2013), Manor Lake (senior housing, 14 deals), and East Coast Acquisitions (grocery-anchored retail, 19 deals since 2015) bring dedicated, on-the-ground execution in each sector.</li><li style="display: list-item;">Aligned, back-ended economics: The sponsor's carried interest sits behind a 7% preferred return — investors earn their preferred return first, and the GP shares in profits only above that hurdle.</li><li style="display: list-item;">Institutional governance: Independent fund administration by NAV Consulting, audit by PwC, and a public, regulated GP (Buligo Capital, publicly traded since 2021).</li></ul>Fund Terms<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Vehicle: Buligo Fund VII (Delaware LP); individual investors subscribe through the Buligo Fund VII INDIV LP feeder, also available via IRA</li><li style="display: list-item;">General Partner: Buligo Fund VII GP LLC, managed by Buligo Capital Partners Inc.</li><li style="display: list-item;">Strategy: U.S. co-investment across multifamily, senior housing, industrial, office, and grocery-anchored retail (equity and debt), expected across 15–18 investments</li><li style="display: list-item;">Target fund size: ~$30 million</li><li style="display: list-item;">Target return: 14–17% net IRR and 1.8–2.2x equity multiple, net to investors and pre-tax (forward-looking target; not guaranteed)</li><li style="display: list-item;">Minimum commitment: $400,000 (commitments above $700,000 receive a 0.25% management-fee discount)</li><li style="display: list-item;">Investment period: Up to two years after the final closing</li><li style="display: list-item;">Fund term: 6 years after final closing, plus two one-year extension options</li><li style="display: list-item;">Distributions: Quarterly</li><li style="display: list-item;">Fees: 2% one-time acquisition fee (deal level); 1% annual asset-management fee (fund level) plus 1% annual asset-management fee (deal level)</li><li style="display: list-item;">Administrator / Auditor: NAV Consulting / PwC</li><li style="display: list-item;">Offering: 506(c) Reg D, accredited investors only (with third-party verification)</li></ul>Promote Structure<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">7% preferred return — investors receive 100% of distributions until they reach a 7% IRR on contributed capital</li><li style="display: list-item;">GP catch-up — a full catch-up to the sponsor once the preferred return is met</li><li style="display: list-item;">12.5% carried interest above the preferred return, at the fund level, in addition to any carried interest payable to the co-GP at the deal level</li><li style="display: list-item;">The structure is back-ended: the sponsor participates in profits only after investors have received their preferred return</li></ul>Investment StrategyThe fund assembles a diversified portfolio by co-investing in the transactions Buligo Capital leads during the investment period, each co-managed with a sector-specialist local partner. The approach favors assets with stable, in-place cash flow and a clear, executable path to enhancement — improving and repositioning properties across the hold to drive value. Diversification is governed by hard concentration limits: no more than 20% of the fund's capital commitments in any single investment, and no more than 35% of commitments to any particular investment, keeping the portfolio spread across deals, sectors, and markets.Seed PortfolioThe fund is seeded with two institutional assets, both expected to close in June 2026:<ul style="list-style-type: disc; padding-left: 22px; margin: 6px 0px 10px;"><li style="display: list-item;">Augusta Commons Portfolio — Augusta, GA: A two-asset, 416-unit multifamily portfolio with a total capitalization of ~$33.1M, pursuing a value-add strategy through portfolio-level operating efficiencies and a continued unit-renovation program.</li><li style="display: list-item;">Tri-City Plaza — Vernon, CT: A 295,817 SF grocery-anchored shopping center with a total capitalization of ~$64.9M, anchored by a high-credit tenant roster with durable cash flow and value-add potential.</li></ul>Both assets are subject to closing conditions and have not yet closed.