Pub. 3 2018 Issue 1

11 ISSUE 1 2018 HPI REAL ESTATE OPPORTUNITY FUND III LLC FULL-CYCLE 18.23% IRR AND 1.66X EQUITY MUTIPLE NET TO INVESTORS OVER 3.5-YEAR HOLD H amilton Point Investments LLC (“HPI”) announced that its 11 property, $205 million HPI Real Estate Opportunity Fund III has been fully liquidated. A private investor purchased two of the properties, both in Atlanta, and a publicly-traded REIT purchased nine assets in five states. The combined sale price was $278 million. The successful full-cycle disposition yielded a 18.23% IRR, net to investors, and a 1.66x equity multiple over the fund’s 3.5-year hold period. These returns are averages, as some investors came in earlier than others, increasing their multiple and decreasing their IRR. HPI buys post 2000 construction multifamily apartments in growing secondary markets with a value-add strategy in which the company completes modest unit interior and common area upgrades to increase cash flow and property value. Net operating income was increased by 38% over the hold period, leading to the very profitable sales. “We are pleased with the fund’s performance” said HPI co- founder and Managing Principal, Matt Sharp. “We have a very specific and disciplined strategy that we feel provides a reasonably safe risk/reward profile.” HPI co-founder Dave Kelsey added, “This fund, like our previous funds, delivered mid-to-high teens IRRs; we’ve done exactly what we said we would do in terms of investment strategy, reporting, hold period and returns”. About Hamilton Point Investments, LLC Hamilton Point Hamilton Point Investment s LLC is a real estate investment company that owns and manages multifamily apart - ment properties. HPI invests through a series of real estate private equity investment funds. The company has sponsored five real estate funds and seven DST offerings since 2009, acquiring over 12,000 apartment units. This fund, like our previous funds, delivered mid-to-high teens IRRs; we’ve done exactly what we said we would do in terms of investment strategy, reporting, hold period and returns.