EXECUTIVE SUMMARY

Opportunity Overview

Acquire two fully restored mixed-use assets in Historic Downtown Petersburg totaling 64 residential units and 17,200+ SF of commercial space. Both properties are 100% occupied with strong historical cash flow and upside through event space, commercial lease-up, and rent growth.

Investment Highlights

• Management Efficiency Strategy: 100% leased residential units with additional upside from leasing the event space and artist studios.
• Located adjacent to the newly opened $23M Hotel Petersburg

• Butterworth Event Venue: 8,429 SF | 500-person capacity | Past annual           revenue: $200K+

• Walkable to top restaurants, cafes, and breweries
• Benefiting from Petersburg’s rise as a life sciences and logistics hub

Target Returns

• 18-20% IRR | 2.2x Equity Multiple (6-Year Hold)

• 8% Avg. Annual Cash-on-Cash Return

• Quarterly Distributions

• 70/30 LP-GP Split with 7% Preferred Return

• Minimum Investment: $50,000

PROPERTY SUMMARY

BUTTERWORTH FLATS

• 45 residential units | 9,419 SF of retail
• 54 artist studios with value-add potential
• 8,429 SF event space with 500-person capacity
• 100% residential occupancy as of April 2025
• Average residential rent: $1,397/month | $1.98/SF
• 53,652 SF gross building area
• Originally built in 1908, fully rehabbed in 2014
• Located next to the newly opened Hotel Petersburg

ODD FELLOWS LOFTS

• 19 residential units | 7,794 SF of retail
• 5 commercial tenants including restaurant & beauty services
• 100% residential occupancy as of April 2025
• Average residential rent: $1,483/month | $1.85/SF
• 25,948 SF gross building area
• Originally built in 1892, fully rehabbed in 2010
• Retail leases include annual rent escalations and renewal options
• Located directly across from Butterworth Flats