ElmTree Funds is a national private equity real estate company

that seeks opportunities in the commercial net lease real estate

market. ElmTree was founded by a management team with over

35 total years of NNN lease experience.

ElmTree’s principals have invested in or financed more than 180 net lease

properties valued in excess of $3.3 billion. Our vertically integrated team allows

us to not only acquire properties, but also to develop and construct build-to-suit

projects as well. ElmTree’s current fund, ElmTree Net Lease Fund II, is management’s

sixth fund, with a specific focus on core-plus and value-added, single tenant,

industrial and office properties.

Net lease requires the tenant to pay for property expenses such as utilities

and maintenance in addition to rent. This type of lease differs from a gross

lease, in which the landlord is responsible for the majority of expenses.

Landlord incurs minimal expenses, so the incoming cash flow is stable. Also, most

net lease agreements contain fixed rental increases over the lease term to hedge against

inflation, and to provide favorable returns with little risk to investors.

35

$3.3 B I L L I O N*

$ 1 B I L L I O N1 8 0 N E T L E A S E P R O P E R T I E S V A L U E D I N E X C E S S O F 6TH

C U R R E N T LY O N T H E I R

F U N D*

1 B

2 B

3 B

Y E A R S E X P E R I E N C E

P U R C H A S I N G P O W E R

*Includes Managing Principals’ current and predecessor funds.

W H AT I S N E T L E A S E ?

W H Y N E T L E A S E ?

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N E T L E A S E G R O S S L E A S E

P R O P E R T Y TA X E SN E T L E A S E ( T PAY S )G R O S S L E A S E ( L PAY S )

R E PA I R SN E T L E A S E ( T PAY S )G R O S S L E A S E ( L PAY S )

I N S U R A N C EN E T L E A S E ( T PAY S )G R O S S L E A S E ( L PAY S )

U T I L I T I E SN E T L E A S E ( T PAY S )G R O S S L E A S E ( L PAY S )T = T E N A N T

L = L A N D L O R D

M A I N T E N A N C EN E T L E A S E ( T PAY S )

G R O S S L E A S E ( L PAY S )

O T H E RN E T L E A S E ( T PAY S )

G R O S S L E A S E ( L PAY S )

N E T L E A S E E Q U A L

S TA B L E C A S H F L O W

ElmTree’s current fund, ElmTree Net Lease Fund II, targets stabilized, high quality,

single tenant properties leased out to creditworthy tenants around the country.

Target assets are located either in robust markets or in locations with potential

of long-term growth.

ElmTree has established relationships with tenants, developers and

corporate advisors over the years, allowing us to take advantage of

off-market opportunities.

ElmTree possesses a vertically integrated team that has expertise in development and capital markets to

streamline project time and costs on new construction projects for developers and tenants. We have

structured projects across the country for Fortune 500 tenants such as:

E X I S T I N G P R O P E R T I E S

A C Q U I S I T I O N C R I T E R I A

F I N A N C I N G

F L E X I B L E F I N A N C I N G

> Single Tenant

> 7+ Years Lease Term

> NNN & NN Leases

> Creditworthy National Tenants

> $5mm or Greater

> Mission Critical Facilities

> Industrial, Office, Healthcare, and GSA Properties

> 100% CONSTRUCTION FINANCING ElmTree

will fund up to 100% of construction costs and will

enter into a forward commitment to purchase

property upon completion of project.

> GAP EQUITY ElmTree will provide preferred

equity or mezzanine capital to developers to fund

the gap equity necessary for build-to-suit projects.

> JOINT VENTURE ElmTree will enter into a

joint venture agreement with a developer or

another buyer.

> Gap Equity

> Joint Venture

> 100% Construction Financing

B U I L D - T O - S U I T S

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A C Q U I S I T I O N / I N V E S T M E N T F O C U S , S TAT E S W I T H P R O P E R T I E S

M A P K E YCurrent and prospective investments.*

*Properties invested in as of June 1, 2014

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The foregoing is neither an offer to sell nor a solicitation of an offer to buy any security. ElmTree would only make such an offer on behalf of a vehicle it sponsors via a separate written offer document. Any past performance information contained in the foregoing is presented on an unaudited basis and while believed by ElmTree to be accurate, should not be considered to be externally reviewed or

verified by any third party, and is further qualified by the actual financial documentation or reports used by ElmTree to generate the presentation. No inference of future performance should be drawn from summaries of past results or experience.

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© 2 0 1 4 E L M T R E E F U N D S , L L C . A L L R I G H T S R E S E R V E D .