Project Highlights:

• New construction project in Wenatchee, WA
• 1/3 Acre parcel
• 7 Units- 2 bedrooms, 2 bathrooms,  with a single-car garage
• Permit ready

The construction of the seven-unit townhomes is scheduled to begin this fall. 

Based on the all

-

inclusive cost of $

78

7

,

5

00

for the purchase of the properties from

Equilus Capital

Partners,

$

7

,

212,500

Million for site construction and buildout of phase II

A

-

C

of

54

multifamily units the Properties as a group are projected

to provide an aggregate annual cash flow yield of approximately

6.45

% the first year following t

he completed

development by

CPCII

for the beneficial ownership interests in the Property Partnership. The aggregate annual cash

-

flow

yield is expected to increase on an annual basis from $

481,170

in year two to $

563,932

in year ten based on contractual

lea

se terms and fixed

-

rate projection of 2% annual. Projected aggregate first

-

year net cash from operations of the

Properties is estimated to be approximately $

471,736

. These projections are net total of any debt service, total annual

Administrative Fees to t

he Fiduciary Manager of $

12,026

and total projected Administration and Property expenses of

$

1

29,607

which includes an annual fee to the Fiduciary Trustee.