The Fund will pursue investments by utilizing the extensive expertise of the Fund Manager in acquiring and managing compelling multi-family, apartment, light industrial/commercial, and short-term residential rentals that meet the Fund’s asset acquisition criteria. The Fund may also target certain off-market, bank owned non-performing distressed assets to achieve attractive risk-adjusted returns. The Fund will target investment opportunities in the primary target markets of Denver, Boulder, Colorado Springs, Fort Collins as well as the thriving tourist economies of Steamboat Springs, Crested Butte, Aspen, Breckenridge, Winter Park and Telluride (the “Target Markets”).

In the opinion of the Fund Manager, the state of Colorado presents a dynamic opportunity for the purchase, management, and disposition of strategic assets for growth, as well as undervalued and distressed assets. The Fund Manager’s real estate operating history and analysis background provide him the capability to accurately evaluate certain acquisition opportunities with the intent to improve operational management, rehabilitate the asset, engage in a reposition and lease-up, and then ultimately sell the improved asset for a net gain.

The Fund will pursue both short term and long-term opportunities with the majority of capital deployed into long term, lower risk asset acquisitions. The Fund is managed by Fish Investment Capital, LLC (“FIC” or the “Manager”), a Colorado-based real estate management firm that specializes in real estate asset acquisition and management. FIC is managed by a real estate, technology and finance professional with over 17 years of experience in the Colorado real estate market and over 6 years in the global real estate market as he was the Vice President of Strategic Business Systems for a major REIT that owned and managed a portfolio of 864M square feet in 19 countries.

Once capitalized, the Fund will commence principal acquisition and management operations. The Fund has developed a specific methodology for sourcing, vetting, acquiring, and disposing of real estate assets.

The Fund intends to operate as a hybrid real estate investment fund with a certain portion of allocated capital being utilized for shorter term opportunities and the balance for acquisitions that will mature over a five year period. The Fund’s execution strategy for those opportunities is detailed below:

Short Term Investments (under 18 months):

The Fund Manager anticipates that thirty percent (30%) of capital from the Offering will be allocated towards opportunities that involve acquisition, reposition and/or rehabilitation, and asset disposition in under 18 months. Many of these opportunities will be sourced from distressed sellers or “special circumstance” type acquisitions (package Bank REO, seller joint venture, etc.) wherein a significant amount of equity and value is present from the time of acquisition and additional equity and profit is realized through the reposition, rebranding, and rehabilitation process.

Properties in this category are anticipated to require more re-positioning and rehabilitation work and would be reflected in the distressed level acquisition costs. The construction and rehabilitation experience of the Fund Manager is a critical part of this process as that expertise will allow the Fund to fully assess expected costs, timeframes, and other important metrics to maximize net profit and minimize risks related to unexpected rehabilitation costs and re-position expenses.

Long Term Investments (3 to 5 years):

The Fund Manager intends to allocate approximately seventy percent (70%) of invested capital towards acquisitions that will require a longer duration of time to mature prior to disposition. The Fund Manager expects that these assets will still be sourced at attractive acquisition rates, however the properties may not require as much rehabilitation or may be located in areas that demand a higher acquisition premium and thus the Fund Manager expects less initial equity immediately post-acquisition. The Fund Manager still intends to deploy elements of rehabilitation and re-positioning to maximize value and allow for maximum rental rates per square foot. Assets in this category will typically be held in the Fund’s portfolio for three to five years prior to disposition.